1.1 A bill for an act
1.2 relating to capital investment; appropriating money for the city Square West project
1.3 in the city of Chaska; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CHASKA; CITY SQUARE WEST.
1.6 Subdivision 1.Appropriation.$7,825,000 is appropriated from the bond proceeds fund
1.7to the commissioner of employment and economic development for a grant to the city of
1.8Chaska for the city Square West redevelopment project. This appropriation is for publicly
1.9owned portions of the project and is in addition to the appropriation for the same purpose
1.10in Laws 2023, chapter 72, article 2, section 9, subdivision 3. This appropriation includes
1.11money for property acquisition, demolition, design, construction, furnishing, and equipping
1.12costs associated with this project.
1.13 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.14proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.15the state in an amount up to $7,825,000 in the manner, upon the terms, and with the effect
1.16prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.17Constitution, article XI, sections 4 to 7.
1.18 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-00893 as introduced12/06/24 REVISOR JSK/HL
SENATE
STATE OF MINNESOTA
S.F. No. 342NINETY-FOURTH SESSION
(SENATE AUTHORS: COLEMAN)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/21/2025
Referred to Capital Investment