90-156 WHITE - C�TV CLERK
PINK - FINANCE COUflCll G �j�
BLUERV - MAVORTMENT GITY OF SAINT PALTL File NO. •� O /`� i
Council R tion -i��q�
Presented By �����- - �,
Referred To Committee: Date
Out of Committee By Date
WHEREAS, the Port Authority has spent approximately $2.5 million
in acquiring, operating and demolishing the buildings at the
Hospital site; and
WHEREAS, the Port Authority has received a little over $1 .3
million to reimburse them for those costs--that sum represents
the acquisition of the main buildings by the state; and
WHEREAS, there is a one-acre parcel along East Seventh Street
that was acquired by the Port Authority from the Hospital and
remains in i�s ownership; and
WHEREAS, the State has an option to purchase the parcel between
now and December 29 of 1990 for $600,000, after which time the
purchase price will go up to $650,000; and
WHEREAS, it is in the State's interest to own all of the property
on that block in order to protect their investment and allow
maximum room for expansion and site planning;
WHEREAS, the Metropolitan State University Capital Improvement
Budget contains $600,000 for the property option to be exercised,
but does not contain the $400,000 to $500,000 that would be
required to reimburse the Port Authority for expenses they
incurred in relation to this project;
NOW, THEREFORE, BE IT RESOLVED, that the Saint Paul City Council
supports the Port Authority in their efforts to get the capital
bonding request for Metropolitan State University increased to
cover the Port Authority for expenses incurred in relation to
this project.
COUNCIL MEMBERS Requested by Department of:
Yeas Nays
m d D7.T[lOrid
Goswit2 In Favor
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Re n
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Wi180n �EB ' Ej �� Form Ap ov d by City tor y
Adopted b Council: Date
Certified Pas e ou cil r By
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A►pproved 1+lavor: D te F�B ' 7 j�90 App oved y ayor for Submissi,on o Council
BY /�./4�e��-��_ gy �C�l��`
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WHEREAS, the Port Authority has spent approximately $2 . 5 million
in acquiring, operating and demolishing the buildings at the
Hospital site; and
WHEREAS, the Port Authority has received a little over $1. 3
million to reimburse them for those costs -- that sum represents
the acquisition of the main buildings by the state; and
WHEREAS, there is a one-acre parcel along East Seventh Street
that was acquired by the Port Authority from the Hospital and
remains in its ownership; and
WHEREAS, the state has an option to purchase thee parcel between
now and December 29 of 1990 for $600, 00 after which time the
purchase price will go up to $650, 000; and
WHEREAS, it is in the State's interest to own all of the property
on that block in order to protect their investment and allow
maximum room for expansion and site planning;
WHEREAS, the Metropolitan State University Capital improvement
budget contains: $600, 000 for the property option to be exercised,
but does not co'ntain the $400, 000 to $500, 000 that would be �
required to reimburse the Port Authority for expenses they
incurred in relation to this project;
NOW THEREFORE BE IT RESOLVED, that the Saint Paul City Council
supports the Port Authority in their efforts to get the capital
bonding request for Metropolitan State University increased to
cover the Port Authority for expenses incurred in relation to
this project.
a8
. . . . �;��o-���
DEPARTM[NT/OFFlCE/OOUNCIL DATE INITIATED �
Ma or� S Office 1/9/90 GREEN SHEET No. 5231
CONTACT PERSOM 3 PHONE �DEPARTMEM DIi�CTOR INmw DAh ❑CITY COUNCII INITIAUDATE
Bonnie Balach 29 8 4 32 3 N�� �CITY ATTORNEY �CITY CLERK
MUST BE ON COUNCIL AOENDA BY(DA ROUTINO BUDOET DIRECTOR �FIN.8 MOT.8ERVICEB�R.
1-2 2-9 0 ❑�u►va+�a+�ssisT�n
TOTAL N OF 81CiNATURE PA 1 (CLIP ALL LOCATIONS FOR 810NATUR�
ACTION RECUES'fED:
Signature of atta hed Council Resolution. JQN 1 1 ��Q�
RECEIVEp �ITY
RECOMMENDA710N8:Approvs pq a (Fq COUNCIL COMM OPTIONAL
_PIANNINQ OOMMISSION _ L�RVI�COMMI8810P1 �ALYBT � PF�IE NO.
_��,,,�E x ouncil Le . QF
_srn� _ Cotn. cor�erns: Q�PqRTlWENT �RECTOR
—as�cr couAr — �5;u�MqiVqGEMENT�NANCE
s�,a�rs,�a,ca,n�a��,,ECm�, SERVICES
iNmnnNa P�M.�ssue.o�N Mmo,whu.vunen.w►�ers.wnr):
Port Authority ha acc�uired one-acre site along E. 7th St. that was part of
St. John' s Hospit 1 site. It is in the State of Niinnesota' s interest to
purchase the parc 1 an�. assemk�le it as part of the Netropolitan State
University Campus The City of_ 5t. naul supgorts the Port Authority in their ,
efforts to get th capital bon�ing request for 2�iSU increased to cover the
Port' s expenses i curred for this T- -
ADVANTAOES IF APPi�VED:
Port Authori, � expenses as a part of this
project. MSL
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DI8/1DVANTA(iES IF APPROVED: '
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RECE(VED �
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__ .1AN221�0
� CITY CLER'r(
DISADVANTAOES IF f�T�D:
Port Authority wi 1 continue to own this property and will not be reimbursed.
�ouncil I�esearch Genter.
JAN 171990
TOTAL AMOUNT OF TRANSACTION = � COST/REVENUE 9UDOETED(qRCLE ONE) YES NO
FUNDiN�i SOURCE ACTIVITY NUMBER
FlNANCIAL INFORMATION:(EXPWN)
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- FAX(612) 223-5198
PORT AUTHORITY OF THE CIN OF SAINT PAUL TOLL FREE (800) 328-8417
� J �� 1900 LANDMARK TOWERS • 345 ST. PETER STREEi • ST. PAUL, MN 55102-1661 • PHONE (612) 224-5686
November 24, 1989
Representative Randy C. Kelly
509 State Otfice Building
St. Paul , Minnesota 55155
RE : METRO STATE UNIVERSITY
Dear Representative Kelly :
I am writing to bring you up to date on the status of the Port
Authority 's involvement in the old St. John ' s Hospital site and
to ask your help in bringing the last few pieces of this project
together. As you are well aware, the Port Authority got involved
in this project because it was a community priority and there was
a need for someone to help move the project forward while State
funding was pending.
Up until the present time the Port Authority has spent ap-
proximately $2 . 5 million in acquiring, operating and demolishing
the buildings at the Nospitai site. To date , we have received a
little over $1 . 3 miliion to reimburse us for those costs. That
sum represents the acquisition of the main buildings by the
State. As you can see, the cost of the Authority to date has ex-
ceeded our reimbursements by weil over $1 million .
There is one remaining piece of business that would help reduce
our outstanding costs , and I believe 1s cleariy in the best
interests of the State of biinnesota. There is a one-acre parcel
along East Seventh Street that was acquired by the Port Authority
from the Hospital and remains in our ownership . The State has an
option to purchase the parcel between now and December 29 of 1990
for $600,000 . If the option is not exercised at that point, the
price goes to $650, 000 . I have to believe that it is in the
State ' s interest to own all of the property on that block in or-
der to protect their investment and allow maximum room for expan-
sion and site planning.
a�
. _ . �90�%s�
Representative Randy C. Kelly
November 24 , 1989 .
Page -2-
I would hope that the Legislature will approve funding for F4etro
State University during this upcoming session and that that ap-
proval will include the �600 , 000 for the property option to be
exercised . In addition , it would be very helpful if the State
could include another �400 , 000 to $500 . 000 in the =�propriation
to repay the Port Authority for all of the holding costs that we
had on the property. ��lhen we got into this project we thought
that we were simply going to be a conduit and that we would not
lose money on the transaction . Obviously , there have been time
delays and other considerations which were unanticipated and have
changed that situation . We would appreciate any help �that might
be forthcoming. Although i must admit that the idea of Metro
State University at that site and the potentially enormous impact
it is going to have on the near east side makes all of the time
and work and money seem very worthwhile.
Sincerely ,
Ja es J . ellus
ecutive Vice � President
JJB : jmo '
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�'+.`� LEGISLATION COMMITTEE
� JANUARY 8, 1990
COMMITTEE REPORT - PAGE TWO
Requlation of Telephone Companies �
THIS ITEM WAS LAID OVER TO THE JANUARY 26, 1990, COMMITTEE
MEETING.
Metro�� �tan State University -- Port Authority
COMMIT'�EE RECOMMENDED
. Brief Presentations
Tax Increment Financinq
COMMITTEE RECOMMENDED APPROVAL
Combined Sewer Separation Proctram
(�.;..
NO COMMITTEE ACTION REQUIRED
State Planning Lectislation
NO COMMITTEE ACTION REQUIRED
/chr
, �
. %�..,�`' GITY OF SAINT PAUL
I � ����i������ ' OFFICE OF THE CITY COUNCIL RECEIVEi�
1• 5' � ' �
` � ' � .
. ..: JAN091990
��""'��°"'' Date: January 8, 1990
B O B LD N G CITY CLER�C
Couacilmember
• Members:
Bob Long, Chair
Committee-of-the-
Whole
COMMITTEE REPORT -
CITY COUNCIL LEGISLATION COMMITTEE
1. Approval of the Minutes of the November 13, 1989, meeting.
COMMITTEE RECOMMENDED APPROVAL
2 . For Discussion and Possible Action
Port Authority: Title and name chancte _
COMMITTEE RECOMMENDED APPROVAL
��- �
�, .
Port Authoritv: Leased propertY
COMMITTEE RECGMMENDED AFPROVAL
Propertv Taxes
NO COMMITTEE ACTION REQUIRED .
Amateur Sports FacilitY
? COMMITTEE RECOMMENDED APPROVAL
Federal Lobbyist - Contract renewal
COMMITTEE RECOMMENDED APPROVAL OF RESOLUTION -- CONTRACT
AGREEMENT WILL BE REVISED AND SUBMITTED AT THE JANUARY 26,
1990, COMMITTEE MEETING
Metropolitan Parks: Capitol Improvement Proctram
COMMITTEE RECOMMENDED APPROVAL WITH AMENDMENTS
CITY HALL SEVENZ'H FLOOR SAINT PAUL,MINNESOTA 55102 612/298-4473
6M�+46
Prinud oa�W%Recycied Paper