Title
Authorizing the City's ranked list of 2024 State G.O. bonding requests for submittal to Minnesota Management and Budget (MMB).
Body
WHEREAS, the City of Saint Paul recognizes that all State G.O. bonds have certain common requirements. They must be for a public purpose, authorized in the constitution, specified in law, and mature in not more than 20 years; and
WHEREAS, the City of Saint Paul understands that the principal purpose for which state G.O. bonds are issued is to acquire and better public land and buildings and to make other public capital improvements; and
WHEREAS, the City of Saint Paul understands that a capital project, in general, is to acquire or improve fixed assets, such as land or buildings; and
WHEREAS, the City of Saint Paul understands that bonds issued under the capital improvements provision may only be for publicly owned projects, whether state or local; and
WHEREAS, the City of Saint Paul requests support from the Minnesota State Legislature to fund capital projects to improve the City’s infrastructure, public recreation, and economic development needs, understanding that City projects must be ranked; and
WHEREAS, the City of Saint Paul supports requests to the Minnesota State Legislature for capital investment needs of nonprofit partner projects after the City’s bonding priorities are funded; now, therefore be it
RESOLVED by the City Council of the City of Saint Paul, Minnesota, that its 2024 capital project request to Minnesota Management and Budget include the following State G.O. bonding projects:
City of Saint Paul Bonding Projects (ranked):
1. Mississippi River Learning Center: requested appropriation of $20,000,000 for construction of a year-round environmental, cultural, and historical learning recreation center.
2. Como Zoo Big Cat Exhibit: requested appropriation of $22,000,000 for design, construction, and redevelopment of the cat animal habitats, operatin...
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