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Bill > SF1927


MN SF1927

City of Saint Paul blighted property redevelopment bond issuance and appropriation


summary

Introduced
02/27/2025
In Committee
02/27/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for redevelopment of blighted property in the city of St. Paul; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $18 million in state bond proceeds to support redevelopment of blighted property in the Midway area of Saint Paul, specifically addressing areas damaged during civil unrest in May 2020. The bill defines the blighted area as the region bounded by Snelling Avenue to the west, University Avenue to the north, Interstate Highway 94 to the south, and Pascal Street to the east. The funds are designated for predesign, design, construction, and equipment of street and public infrastructure improvements, which can include transit facilities, rights-of-way, sidewalks, utilities, sewer and stormwater systems, landscaping, lighting, parking facilities, and other site amenities. The city of Saint Paul will be required to enter into a lease or management agreement for any parking facilities created, in accordance with state regulations. The commissioner of management and budget is authorized to sell and issue state bonds up to $18 million to provide the funding, following standard state bonding procedures outlined in Minnesota Statutes. The bill becomes effective immediately after its final enactment.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 02/27/2025)

bill text


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