The bill appropriates $3,000,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Brooklyn Center. This funding is designated for the predesign, design, site preparation, construction, and equipping of public infrastructure to support the Opportunity Site. The improvements funded by this appropriation will include utility enhancements, stormwater management, road construction, public parking, and other necessary developments to facilitate public access to the Opportunity Site.
Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $3,000,000 to provide the necessary funding. The bond issuance will be conducted in accordance with the relevant Minnesota Statutes and constitutional provisions. The effective date of this section is set for the day following its final enactment.