HF315

Purpose

• Authorizes capital investment funding to support a water infrastructure project in the City of Dayton. The goal is to provide adequate water storage and enough pressure for fire suppression to residents.

Main provisions

• Subdivision 1 – Appropriation: $3,000,000 is appropriated from the bond proceeds fund to the Public Facilities Authority. The money is for a grant to the City of Dayton to acquire real property and to predesign, design, and construct a new water tower.
  • The intended result is improved water storage and increased pressure to support fire protection for residents.
• Subdivision 2 – Bond sale: The appropriation will be funded by selling and issuing state bonds up to $3,000,000, under the terms and effects of Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (article XI, sections 4 to 7).

Significance and changes to existing law

• Creates a new appropriation and bond authorization specifically for a Dayton water tower project.
• Involves the Public Facilities Authority making a grant to Dayton to support land acquisition, design, and construction of the water tower.
• Uses the bond proceeds fund as the financing source and ties the project to existing bonding rules and constitutional requirements.

Beneficiaries and impact

• City of Dayton and its residents, who will benefit from improved water storage and fire suppression capabilities.

How funds are to be used

• Acquire real property for the project.
• Predesign and design activities.
• Construction of a new water tower.

Key terms (for context and search relevance)

• appropriation, bond proceeds fund, Public Facilities Authority, grant, City of Dayton, acquire real property, predesign, design, construct, water tower, adequate water storage, fire suppression, bond sale, state bonds, Minnesota Statutes 16A.631-16A.675, Minnesota Constitution article XI sections 4-7.

Relevant Terms - appropriation - bond proceeds fund - Public Facilities Authority - grant - City of Dayton - acquire real property - predesign - design - construct - water tower - adequate water storage - fire suppression - bond sale - state bonds - Minnesota Statutes 16A.631-16A.675 - Minnesota Constitution article XI sections 4-7