HF311

Purpose

• To fund the purchase of land in Dayton’s Historic Village for redevelopment. The goal is to convert the property into a use that supports economic development and serves a public purpose.

Main Provisions

• Amount and source: $400,000 in fiscal year 2026 appropriated from the general fund.
• Recipient and use: Money provided to the commissioner of employment and economic development to grant to the Dayton Economic Development Authority (DEDA).
• Objective: To acquire real property in the Historic Village and redevelop it to create an economically viable use and a public-purpose use.
• Timing and conditions: The appropriation is available until the project is completed or abandoned, subject to Minnesota Statutes section 16A.642.

Significant Changes to Existing Law

• Establishes a new capital investment appropriation specifically for land acquisition in the Dayton Historic Village.
• Enables a grant mechanism from the state to the Dayton Economic Development Authority for property acquisition and redevelopment.
• Sets an availability period tied to project completion or abandonment, referencing Minnesota Statutes section 16A.642.

Note

• This summary focuses on the stated purpose and provisions related to land acquisition and redevelopment in Dayton’s Historic Village as described in the bill excerpt.

Relevant Terms - Dayton Historic Village - land acquisition - real property - redevelopment - economically viable - public purpose use - general fund - appropriation - commissioner of employment and economic development - Dayton Economic Development Authority - fiscal year 2026 - Minnesota Statutes section 16A.642