MN HF2898

$6,041,000 appropriated from bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Red Wing for capital improvements to the Red Wing River Town Renaissance Project

Project improvements include reconstruction of Levee Road from Bay Point Road to Broad Street, upgrades to storm water/sanitary sewer/drinking water infrastructure, harbor retaining wall replacement, parking and lighting improvements, Riverwalk Trail segment construction, riverboat docking facilities at Levee Park, and renovation of the historic Sheldon Performing Arts Theatre

Appropriation is exempt from the matching requirement in Minnesota Statutes section 16A.86, subdivision 4, paragraph (a)

Funds become available only after the commissioner of management and budget confirms at least 41 percent of project costs are committed from nonstate sources

State bonds up to $6,041,000 shall be issued under authority of Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, article XI, sections 4 to 7