Osseo capital improvement projects grants bond issue and appropriation

This bill authorizes the state of Minnesota to issue bonds and provide grants totaling $1.6 million to the City of Osseo for various capital improvement projects. The funding will support renovations to downtown sidewalks and streetscapes, repairs to the City Hall roof and accessibility features, and upgrades to the Public Works Building including security systems and a new cold storage addition. To finance these grants, the state will sell bonds, with the money drawn from the bond proceeds fund and administered through the commissioner of employment and economic development. The legislation also cancels a previous appropriation for Osseo that was not fully used, reducing the corresponding bond authorization by that amount.