1.1 A bill for an act
1.2 relating to capital investment; appropriating money for the Lot D redevelopment
1.3 project in the city of Duluth; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. DULUTH; LOT D REDEVELOPMENT .
1.6 Subdivision 1.Appropriation.$10,850,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the city
1.8of Duluth to construct and equip improvements of publicly owned infrastructure for
1.9redevelopment of the Lot D property. This appropriation includes money for seawall repairs,
1.10connection of utilities, demolition and removal of debris, transportation facilities upgrades,
1.11site preparation, including soil correction, and other improvements and betterments of a
1.12capital nature.
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 $10,850,000 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.
25-01942 as introduced01/08/25 REVISOR JSK/DG
SENATE
STATE OF MINNESOTA
S.F. No. 833NINETY-FOURTH SESSION
(SENATE AUTHORS: MCEWEN and Hauschild)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/30/2025
Referred to Capital Investment