1.1 A bill for an act 1.2 relating to capital investment; appropriating money for improvements to Louisiana 1.3 Avenue South and Oxford Street in the city of St. Louis Park; authorizing the sale 1.4 and issuance of state bonds. 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. ST. LOUIS PARK; OXFORD AND LOUISIANA AREA 1.7INFRASTRUCTURE IMPROVEMENTS. 1.8 Subdivision 1.Appropriation.$6,913,000 is appropriated from the bond proceeds 1.9account in the state transportation fund as provided in Minnesota Statutes, section 174.50, 1.10for a grant to the city of St. Louis Park to acquire property or interests in property, predesign, 1.11design, construct, furnish, and equip improvements to Meadowbrook Road from Excelsior 1.12Boulevard to Oxford Street, Oxford Street from Meadowbrook Road to Edgewood Avenue, 1.13Edgewood Avenue from Oxford Street to Cambridge Street, Cambridge Street from 1.14Edgewood Avenue to Alabama Avenue, Louisiana Avenue from 100 feet north of the 1.15intersection of Oxford Street to 300 feet south of the intersection. This appropriation includes 1.16money for area bikeway and sidewalk construction; bridge repair and modifications; 1.17replacement or repair of water, sewer, and storm sewer facilities; regional water quality and 1.18flood storage infrastructure construction; and other improvements or upgrades related to 1.19street reconstruction work, including streetlights, signals, striping, and signs; replacement 1.20or repair of pavement, curb, and gutter; and roundabout construction. This appropriation is 1.21available when the commissioner of management and budget determines that sufficient 1.22resources have been committed to complete the project, as required by Minnesota Statutes, 1.23section 16A.502. 1Section 1. 25-03567 as introduced02/12/25 REVISOR JSK/CH SENATE STATE OF MINNESOTA S.F. No. 1722NINETY-FOURTH SESSION (SENATE AUTHORS: LATZ) OFFICIAL STATUSD-PGDATE Introduction and first reading02/20/2025 Referred to Capital Investment 2.1 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond 2.2proceeds fund, the commissioner of management and budget shall sell and issue bonds of 2.3the state in an amount up to $6,913,000 in the manner, upon the terms, and with the effect 2.4prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 2.5Constitution, article XI, sections 4 to 7. 2.6 EFFECTIVE DATE.This section is effective the day following final enactment. 2Section 1. 25-03567 as introduced02/12/25 REVISOR JSK/CH