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98-760Council File # 4R�GlNAL RESOLUTION Resolution # � !J �' ��� Green Sheet # � � � � � C CITY F SAINT PAUL, MINNESOTA 1� Presented By Referred To Committee: Date RESOLUTION AUTHORIZING A LOAN AND GRANT FROM THE STAR REVOLVING LOAN FIJND FOR FINANCING TO CQFFEE NEWS CAFE AND PETER AND DONNA KELLY AS CO- BORROWERS FOR EQUIPMENT FINANCING FOR 1662 GRAND AVENUE, MACALESTER- GROVELAND, DISTRICT 14 WHEREAS, the STAR Revolving Loan Fund was established to improve the auailability and flexibility of public funds for neighborhood businesses wishing to improve thezr facilities; and WHEREAS, Coffee News Cafe, a sub S corporation, has requested a$45,000 loan together with a$4,500 grant through the STA.R Revolving Loan Fund for purchase of equipment for the purpose of installing a full kitchen at 1662 Grand Avenue; and WHEREAS, the project consists of gutting the space, leasehold improvements, equipment pwchase and installarion of a full latchen; and WHEREAS, the previous owner had numerous health code violations; and WI�REAS, this project will result in compliance with the health code; and WHEREAS, the co-borrowers will be a new entity formed by Peter and Donna Kelly and Peter and Donna Kelly, and WHEREAS, the proposed loan terms include monthly payment over a seven yeaz term at 6S%; and WHEREAS, the primary public purpose of the project is job creation, support of commercial activity, stabilization of market value and code compliance; and W I3EREAS, the PED Credit Committee approved the proposed loan/grant package on August 3, 1498 for consideration by the Saint Pau1 Ciry Council; NOW, THEREFORE BE IT RESOLVED, by the Council of the City of Saint Paul, that approval is hereby granted for a loan in the amount of $45,000 and a grant in the amount of $4,500 from the STAR Revolving Loan Fund to Coffee News Cafe and Peter and Donna Kelly as co-bonowers for equipment and building improvements described under the terms herein, and with such additional terms and condirions as the Executive Director of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota deems necessary and appropriate, q�-�da BE IT FURTHER RESOLVED, that the Executive D'uector of the Housing and Redevelopment Authority of the City of Saint Paul, and other appropriate City officials aze authorized to execute the necessary documents in connection the loan/�ant, in form acceptable to the City Attorney, on behalf of the City. OR#GINAL, �� Benanav BZakey Bostrom Coleman Harris Lantzy ReiteY Adopted by Council: Date Adoption Certifi d by Cou By: Approved by May . t@ By; V ��g Requested by Department of: Plannin & �onomic Develo ment B�. ��!-�' Form Approved by City Attorney N° 51973 q�- ��o GREEN DEPARTMEMT DIRECTOR r pT'ATTORNEY BUOGEt�IRECTOR_� MAVOR (OR A$$ISTANn TOTAL # OF SIGNATURE PAGES (CLIP ALL LOCATIONS FOR SIGNATURE) .� C�T' COUNCIL � CITV GLERK � FM.B MGL SE � INRIAVOATE A resolution authorizing a loan and grant fmmthe STAR Revolving Loan Fund for financing to Coffee News Cafe and Peter and Donna Kelly, located at 1662 Grand Avenue. RECOMMedDlmoNS: Aapro�e 1A) or Re}ec� (� PERSONAL SERVICE CONTRACTS MUST ANSWER TNE fOIIOWING QUESTIONS: _ GLANNING COMMIgS10N _ CIVIL SEflVICE COMMISSION �- Has tTis persoNtirm e�er xrorketl untler a contract tor this departmeni� _CIBCOMMRfEE pID Gredit YES NO %�� Co�ittee 2. Has this personlfirm ever been a city empioyee? — VES NO __ �ISTRICT GOURT t — 3. Does this Dersonl5irm possess a skill not nottnally possessetl by any curreM cNy employae4 SUPPORTS WHICH COUNCIL O&IECTVE� ' YES NO EconomiC Developmeat 5xplaln atl yea anawera on separata aheet and attash to green shee� Job Creation INITIATING PROBLEM, ISSUE.OPPORT�Nf7Y (Who, WhaS, When. Whera. Why). Peter and Donna sZellp, oi Coffee News Cafe, have requested a$45,000.00 loan and $4,500.00 grant from the STAR Revolving I.oan Fund to renovate and install a full kitchen at 1662 Grand avenue. The pro3ect will result in creation of 4 full time jobs and 5 part time jabs and bring the space up to health code compliance. None ���� �I�lz Q Jr >g9s �lfiY4f�`� Q�F&C'� IF NOT APPROVED. The job will not be created and the project will not go forward. ��s .�; p^,��nt �.,;;t;; e , ks� QLBIlti �TALAMOUNTOPTRANSACTION S4S.QO�.00 I.OaII.S�4.SOQ.OQ COSTlREVENUEBUDGETED(CIRCCEONE} YES NO NDIWG SOURCE STAR. Revolving L4an Fund ACTIVITY NUMBER 4NCIpLINFOflMAT10N (EXPLAIN) -- Council File # 4R�GlNAL RESOLUTION Resolution # � !J �' ��� Green Sheet # � � � � � C CITY F SAINT PAUL, MINNESOTA 1� Presented By Referred To Committee: Date RESOLUTION AUTHORIZING A LOAN AND GRANT FROM THE STAR REVOLVING LOAN FIJND FOR FINANCING TO CQFFEE NEWS CAFE AND PETER AND DONNA KELLY AS CO- BORROWERS FOR EQUIPMENT FINANCING FOR 1662 GRAND AVENUE, MACALESTER- GROVELAND, DISTRICT 14 WHEREAS, the STAR Revolving Loan Fund was established to improve the auailability and flexibility of public funds for neighborhood businesses wishing to improve thezr facilities; and WHEREAS, Coffee News Cafe, a sub S corporation, has requested a$45,000 loan together with a$4,500 grant through the STA.R Revolving Loan Fund for purchase of equipment for the purpose of installing a full kitchen at 1662 Grand Avenue; and WHEREAS, the project consists of gutting the space, leasehold improvements, equipment pwchase and installarion of a full latchen; and WHEREAS, the previous owner had numerous health code violations; and WI�REAS, this project will result in compliance with the health code; and WHEREAS, the co-borrowers will be a new entity formed by Peter and Donna Kelly and Peter and Donna Kelly, and WHEREAS, the proposed loan terms include monthly payment over a seven yeaz term at 6S%; and WHEREAS, the primary public purpose of the project is job creation, support of commercial activity, stabilization of market value and code compliance; and W I3EREAS, the PED Credit Committee approved the proposed loan/grant package on August 3, 1498 for consideration by the Saint Pau1 Ciry Council; NOW, THEREFORE BE IT RESOLVED, by the Council of the City of Saint Paul, that approval is hereby granted for a loan in the amount of $45,000 and a grant in the amount of $4,500 from the STAR Revolving Loan Fund to Coffee News Cafe and Peter and Donna Kelly as co-bonowers for equipment and building improvements described under the terms herein, and with such additional terms and condirions as the Executive Director of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota deems necessary and appropriate, q�-�da BE IT FURTHER RESOLVED, that the Executive D'uector of the Housing and Redevelopment Authority of the City of Saint Paul, and other appropriate City officials aze authorized to execute the necessary documents in connection the loan/�ant, in form acceptable to the City Attorney, on behalf of the City. OR#GINAL, �� Benanav BZakey Bostrom Coleman Harris Lantzy ReiteY Adopted by Council: Date Adoption Certifi d by Cou By: Approved by May . t@ By; V ��g Requested by Department of: Plannin & �onomic Develo ment B�. ��!-�' Form Approved by City Attorney N° 51973 q�- ��o GREEN DEPARTMEMT DIRECTOR r pT'ATTORNEY BUOGEt�IRECTOR_� MAVOR (OR A$$ISTANn TOTAL # OF SIGNATURE PAGES (CLIP ALL LOCATIONS FOR SIGNATURE) .� C�T' COUNCIL � CITV GLERK � FM.B MGL SE � INRIAVOATE A resolution authorizing a loan and grant fmmthe STAR Revolving Loan Fund for financing to Coffee News Cafe and Peter and Donna Kelly, located at 1662 Grand Avenue. RECOMMedDlmoNS: Aapro�e 1A) or Re}ec� (� PERSONAL SERVICE CONTRACTS MUST ANSWER TNE fOIIOWING QUESTIONS: _ GLANNING COMMIgS10N _ CIVIL SEflVICE COMMISSION �- Has tTis persoNtirm e�er xrorketl untler a contract tor this departmeni� _CIBCOMMRfEE pID Gredit YES NO %�� Co�ittee 2. Has this personlfirm ever been a city empioyee? — VES NO __ �ISTRICT GOURT t — 3. Does this Dersonl5irm possess a skill not nottnally possessetl by any curreM cNy employae4 SUPPORTS WHICH COUNCIL O&IECTVE� ' YES NO EconomiC Developmeat 5xplaln atl yea anawera on separata aheet and attash to green shee� Job Creation INITIATING PROBLEM, ISSUE.OPPORT�Nf7Y (Who, WhaS, When. Whera. Why). Peter and Donna sZellp, oi Coffee News Cafe, have requested a$45,000.00 loan and $4,500.00 grant from the STAR Revolving I.oan Fund to renovate and install a full kitchen at 1662 Grand avenue. The pro3ect will result in creation of 4 full time jobs and 5 part time jabs and bring the space up to health code compliance. None ���� �I�lz Q Jr >g9s �lfiY4f�`� Q�F&C'� IF NOT APPROVED. The job will not be created and the project will not go forward. ��s .�; p^,��nt �.,;;t;; e , ks� QLBIlti �TALAMOUNTOPTRANSACTION S4S.QO�.00 I.OaII.S�4.SOQ.OQ COSTlREVENUEBUDGETED(CIRCCEONE} YES NO NDIWG SOURCE STAR. Revolving L4an Fund ACTIVITY NUMBER 4NCIpLINFOflMAT10N (EXPLAIN) -- Council File # 4R�GlNAL RESOLUTION Resolution # � !J �' ��� Green Sheet # � � � � � C CITY F SAINT PAUL, MINNESOTA 1� Presented By Referred To Committee: Date RESOLUTION AUTHORIZING A LOAN AND GRANT FROM THE STAR REVOLVING LOAN FIJND FOR FINANCING TO CQFFEE NEWS CAFE AND PETER AND DONNA KELLY AS CO- BORROWERS FOR EQUIPMENT FINANCING FOR 1662 GRAND AVENUE, MACALESTER- GROVELAND, DISTRICT 14 WHEREAS, the STAR Revolving Loan Fund was established to improve the auailability and flexibility of public funds for neighborhood businesses wishing to improve thezr facilities; and WHEREAS, Coffee News Cafe, a sub S corporation, has requested a$45,000 loan together with a$4,500 grant through the STA.R Revolving Loan Fund for purchase of equipment for the purpose of installing a full kitchen at 1662 Grand Avenue; and WHEREAS, the project consists of gutting the space, leasehold improvements, equipment pwchase and installarion of a full latchen; and WHEREAS, the previous owner had numerous health code violations; and WI�REAS, this project will result in compliance with the health code; and WHEREAS, the co-borrowers will be a new entity formed by Peter and Donna Kelly and Peter and Donna Kelly, and WHEREAS, the proposed loan terms include monthly payment over a seven yeaz term at 6S%; and WHEREAS, the primary public purpose of the project is job creation, support of commercial activity, stabilization of market value and code compliance; and W I3EREAS, the PED Credit Committee approved the proposed loan/grant package on August 3, 1498 for consideration by the Saint Pau1 Ciry Council; NOW, THEREFORE BE IT RESOLVED, by the Council of the City of Saint Paul, that approval is hereby granted for a loan in the amount of $45,000 and a grant in the amount of $4,500 from the STAR Revolving Loan Fund to Coffee News Cafe and Peter and Donna Kelly as co-bonowers for equipment and building improvements described under the terms herein, and with such additional terms and condirions as the Executive Director of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota deems necessary and appropriate, q�-�da BE IT FURTHER RESOLVED, that the Executive D'uector of the Housing and Redevelopment Authority of the City of Saint Paul, and other appropriate City officials aze authorized to execute the necessary documents in connection the loan/�ant, in form acceptable to the City Attorney, on behalf of the City. OR#GINAL, �� Benanav BZakey Bostrom Coleman Harris Lantzy ReiteY Adopted by Council: Date Adoption Certifi d by Cou By: Approved by May . t@ By; V ��g Requested by Department of: Plannin & �onomic Develo ment B�. ��!-�' Form Approved by City Attorney N° 51973 q�- ��o GREEN DEPARTMEMT DIRECTOR r pT'ATTORNEY BUOGEt�IRECTOR_� MAVOR (OR A$$ISTANn TOTAL # OF SIGNATURE PAGES (CLIP ALL LOCATIONS FOR SIGNATURE) .� C�T' COUNCIL � CITV GLERK � FM.B MGL SE � INRIAVOATE A resolution authorizing a loan and grant fmmthe STAR Revolving Loan Fund for financing to Coffee News Cafe and Peter and Donna Kelly, located at 1662 Grand Avenue. RECOMMedDlmoNS: Aapro�e 1A) or Re}ec� (� PERSONAL SERVICE CONTRACTS MUST ANSWER TNE fOIIOWING QUESTIONS: _ GLANNING COMMIgS10N _ CIVIL SEflVICE COMMISSION �- Has tTis persoNtirm e�er xrorketl untler a contract tor this departmeni� _CIBCOMMRfEE pID Gredit YES NO %�� Co�ittee 2. Has this personlfirm ever been a city empioyee? — VES NO __ �ISTRICT GOURT t — 3. Does this Dersonl5irm possess a skill not nottnally possessetl by any curreM cNy employae4 SUPPORTS WHICH COUNCIL O&IECTVE� ' YES NO EconomiC Developmeat 5xplaln atl yea anawera on separata aheet and attash to green shee� Job Creation INITIATING PROBLEM, ISSUE.OPPORT�Nf7Y (Who, WhaS, When. Whera. Why). Peter and Donna sZellp, oi Coffee News Cafe, have requested a$45,000.00 loan and $4,500.00 grant from the STAR Revolving I.oan Fund to renovate and install a full kitchen at 1662 Grand avenue. The pro3ect will result in creation of 4 full time jobs and 5 part time jabs and bring the space up to health code compliance. None ���� �I�lz Q Jr >g9s �lfiY4f�`� Q�F&C'� IF NOT APPROVED. The job will not be created and the project will not go forward. ��s .�; p^,��nt �.,;;t;; e , ks� QLBIlti �TALAMOUNTOPTRANSACTION S4S.QO�.00 I.OaII.S�4.SOQ.OQ COSTlREVENUEBUDGETED(CIRCCEONE} YES NO NDIWG SOURCE STAR. Revolving L4an Fund ACTIVITY NUMBER 4NCIpLINFOflMAT10N (EXPLAIN) --