1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for the City Square West 
1.3 	redevelopment project in the city of Chaska; authorizing the sale and issuance of 
1.4 	state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. CITY OF CHASKA; CITY SQUARE WEST.
 1.7 		Subdivision 1.Appropriation. $25,422,000 is appropriated from the bond proceeds 
1.8 	fund to the commissioner of employment and economic development for one or more grants 
1.9 	to the city of Chaska to acquire property, design, construct, equip, and furnish the public 
1.10 	spaces of the City Square West redevelopment project. This appropriation includes money 
1.11 	for parking, public plazas, bathrooms, storage and maintenance facilities, a community 
1.12 	visual and performing arts space, and related public infrastructure.
1.13 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.14 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.15 	the state in an amount up to $25,422,000 in the manner, upon the terms, and with the effect 
1.16 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.17 	Constitution, article XI, sections 4 to 7.

1.18 	EFFECTIVE DATE. This section is effective the day following final enactment.