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HF 4854

St. Cloud; 5th Avenue South Campus and Downtown Connection capital project funding provided, bonds issued, and money appropriated.

2025-2026 Regular Session Introduced by Dan Wolgamott

Provides bonds and appropriations to fund the St. Cloud 5th Avenue South Campus and Downtown Connection capital projects.

Introduction and first reading, referred to Capital Investment
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Bill Summary · HF 4854

Summary of HF 4854 (Minnesota, 2025-2026): St. Cloud; 5th Avenue South Campus and Downtown Connection Capital Project Funding

Purpose and Intent

  • HF 4854 provides funding for a capital project in St. Cloud, specifically for the 5th Avenue South Campus and a Downtown Connection project. The bill authorizes bonding and appropriations to support construction-related activities associated with these projects.

Key Provisions and Changes

  • Capital Project Funding Authorization: Establishes financial support (likely through state bonds) for the St. Cloud 5th Avenue South Campus project and the Downtown Connection initiative. The exact funding amounts are not specified in the action list provided, but the bill’s primary mechanism is to authorize bonds and appropriation of state funds.
  • Bond Issuance: Authorizes the state to issue bonds to finance the project(s). This typically involves setting an estimated total borrowing amount, sale of bonds, and debt service considerations (repayment from state general fund revenue or dedicated revenue streams).
  • Appropriations: Allocates state funds to be used for project planning, design, construction, procurement, and related capital costs. This may include:
    • Site acquisition or preparation
    • Infrastructure upgrades
    • Building construction or renovation
    • Project management and oversight
    • Any required match or local contributions as per program guidelines
  • Project Scope Elements (inferred): While not explicitly enumerated in the provided details, the title indicates:
    • Development or expansion related to a St. Cloud campus on 5th Avenue South
    • A Downtown Connection component, potentially linking the campus to downtown infrastructure, amenities, or transit/workforce development connections

Affected Parties

  • Geographic/Institutional Focus: City of St. Cloud and associated state-funded institutions or authorities responsible for higher education facilities and downtown development.
  • Stakeholders: Local government, university or college facilities administration (likely St. Cloud State University or a related campus entity), construction contractors, project developers, and residents who would benefit from campus and downtown infrastructure improvements.

Procedural and Timeline Aspects

  • Status: Introduced and referred to the Capital Investment committee on 2026-04-07.
  • Next Steps in Legislation:
    • The Capital Investment committee will review the bill, potentially amend it, and decide whether to advance to the floor for debate and vote.
    • If advanced, the bill would move through standard Minnesota legislative process (potentially involving hearings, fiscal analysis, and reconciliation with the Senate or Governor’s office, depending on the session structure).
  • Financing Timeline Considerations (typical for capital bills):
    • Bond authorization is often phased or tied to project milestones.
    • Debt service schedules would be determined during the bonding process and reflected in future state budgets.
    • Construction timelines typically align with procurement, design, and construction windows, with completion targets specified in the enacted language or accompanying fiscal notes.

Potential Impacts and Considerations

  • Economic/Community Impact: Targeted capital investment could stimulate local construction activity, improve campus facilities, and enhance downtown connectivity, potentially supporting student access, workforce development, and downtown revitalization.
  • Fiscal Impact: Bond issuance increases future debt service obligations. The bill would outline the funding source and repayment plan, affecting state fiscal planning and ongoing appropriations.
  • Local Governance: Implementation would involve coordination between state budgeting authorities and local entities (city, campus administration, and construction managers).

Note: Specific dollar amounts, bond terms, match requirements, and project milestones are not provided in the available material. The summary reflects the bill’s stated focus on funding, bonds, and appropriation for the St. Cloud 5th Avenue South Campus and Downtown Connection capital projects.

Compiled from official sources — confirm details with the bill’s official record.

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