MN SF4456

Authorizes the conveyance of two parcels of state bond-financed property in Lake County to the city of Two Harbors at no cost for outdoor recreation facilities.

Property remains classified as state bond-financed property after conveyance and the city must comply with Minnesota Statutes section 16A.695 and all applicable state and federal laws.

City of Two Harbors must operate the property in a manner that does not subject state general obligation bond interest to federal income taxation.

First parcel contains 14.5 acres in Government Lot 1, Section 1, Township 52 North, Range 11 West, Lake County (parcel ID 23-7600-01415).

Second parcel is in Government Lot 3, Section 6, Township 52 North, Range 10 West, Lake County, excluding mineral rights (parcel ID 23-7600-06605).