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90-1195 o i �� i �� L. Council File � Green Sheet # / RESOLUTION - CITY OF SAINT PAUL, MINNESOTA �� r � � --�'/ Presented By Referred Committee: Date Authorization of URAP Funding For Parking Lot Project at 465 University WHEREAS, on February 23, 1989, the City Council approved the International Marketplace Urban Revitalization Action Program (URAP) to facilitate commercial revitalization in the two-block area of University Avenue between Western and Mackubin Streets; and WHEREAS, a commercial property owner in the area, Jerome Ritter, a partner in the law firm Ritter and Fenske located at 461 University Avenue, applied to the city for URAP assistance to construct a parking facility ad�acent to his building on property he owns at 465 University; and WHEREAS, on December 13, 1989, the Housing and Redevelopment Authority of the City of Saint Paul approved an $11,000 URAP loan to Jerome Ritter at 8� interest to assist in the construction of the parking lot, with principal and interest to be forgiven after 10 years as long as the property owner allows surrounding businesses free use of the parking lot; and WHEREAS, it appears that the URAP funding source is under the authority of the Saint Paul City Council rather than the Board of Commissioners of the HRA and therefore the City Council must formally approve this proposed loan; NOW, THEREFORE, BE IT RESOLVED that the provision of financial assistance to the business owner with the terms and conditions described above and as approved by the HRA on December 13, 1989 are hereby approved, and that appropriate city offices are hereby authorized to execute all necessary and convenient instruments to this�end. ^Yeas Navs Absent Requested by Department of: zmon osws z � �C � on � ��/ acca ee � e man —� uAe �� J z son BY� Adopted by Council: Date JUL �. 7 1990 Form Ap ved by City Attorney Adoption Certified by Council Secretary gy; By� Approved by Mayor for Submis io`t�� Approved b Mayor: Date [, � � �.��' Council �al� �C� � BY� � By: ¢ ,�l�f �UB<fSHED J U L 2 g 1990 . , � � a �ECEIVED � �O-I!�� OEPAFlTM[NT/OFFlCEICOUNCIL � DATE INITIATED PED 6/29/90 EEN SHE� � � �ggp No. 6 9 9 7 ATE CONTACT PER30N 8 PNONE DEPARTMENT DIRECTOR �CITY OOUNCII ' Peggy Leasu 228-3230 � CITYATTORNEY i6A9Vf1D� �',�K MUBT BE ON COUN OENWIBV(DAT� ROUTMiO UDOET DIRECTOR � IN.8 T.SERVICEB aR. MAYOR(OR AS8ISTMIT) liary Tingert TOTAL#�OF 81QNATUF�PAOES (CLIP ALL LOCATIONS FOR SI�iNATURE) ACTION REQUESTED: Authorizatiaa of �11,000 of URAP �unding for parking lot project at 465 IIniversity (as part of the International Marketplace IIRAP Project). This project has alrea.dy been reviewed and approved by the HRA Board: <- . _ _:-- - RE NDATIONS:ApProw fN«R�a(i� ' COUNqL.WMMITTEE/RESEARCH REPORT OPTIONAL _PLANNING COMMI8810N _CIVII BERVIC�COMMI8810N �ALYBT PNONE NO. , �� _p8 OOMMfTTEE _ —�„� — `�"�`8. JUL 3 —o��,RT _ 1990 $��,��,�� 1 ATTU�t�EY iNrru►nNO�M.issue,o�oRTUNmr�w►w,wnn.whsn.wn.rs,wny�: - A co�rcial property owner in the International Marketplace DBAP area, Jero�ee Ritter, ha.s applied to the City,for DRAP assistance in eonstructin.g a parking lot to be shared by area businesses. - This project was reviewed and approved by the HRA in Dece�ber, :�989 (see attached Board Beport and Resolution). - However, it appears that the DRAP Board funding source is under the authority of the City Councfl rather than the HRA Board and that therefore this pro3ect aust be for�ally suthorized by the City Council. /1D1/ANTA(�E81F APPROVED: - A parkin.g lot will be constructed at 465 IIniversity for the use of clientele of area businesses, thus creating a more attractive and acce�sible co�anerc3.a1 area;� D18ADVANTAf3E8 IF APPROYED: NONE D18ADVANT/lOEB IF NOT APPROVED: - No parking lot could be constructed. RECEIVED Council Research Ce� �UI.��Q J UL 0 6199Q ._... • CITY CLERK TOTAL AMOUNT OF TRANSACTION a i i,OOO C08T/REVENUB SUDOETED(CIRCLE ONE) � NO ` � FUNDING SOtJRCE Inteinational MaiketPlSCe URAP ACTIVITY NUMOER - � ' - v/ -�� FINIWpALINFORMATION:(EXPWN) This #11,000 project has been budgeted vithin the �1.0�7 million International Marketplace URAP project. Authorization for the p�oject is required since this project had not been specifically identified in the ��lteri�at#mnai_+Mar�etplace DRAP:. reement. NOTE: �MPLETE DIRECTION3 ARE INCLUDED IN THE OREEN SHEET INSTRUCTIOWAL MANUAL AVAILABLE IN THE PURCHASINCi OFFICE(PHONE NO.298-4225). ROUTINf3 ORDER: , . Bsbw aro prefe►red routinga for the Nve most frequent typse of documents: , CONTRACTS (aesumos authorized COUNCIL RESOII..�UTION (Amend, Bdpta./ budget exista) � Accept. Oranta) 1. Outside AQency 1. Depertment Director 2. Initiatlng DspaRment 2. Budgst Dtrector 3. Gty Attortiey 3. Gty Attomey 4. Mayw 4. MayoNAselatant 5. Financs&M�mt 6vcs. Director 5. City Councfl 6. Financs AcoouMing 8. Chisf A�ocountant.Fln�Mqmt Svcs. ADMINISTRATIVE ORDER RBud�et, COUNCII RESOLUTION (��)�� 1. Activity Manaqer 1. IniUetirp Departmern Director 2. Departmsnt Accounteu�t 2• �Y An��Y 3. Dspartrnent Diroctor 3. MayoNAaistant 4. Budqet DireCtor 4. Gty CounCil 5. Ctty Clsrk 8. Chief AccountaM, Fln�Mgmt 3vcs. ADMINISTRATIVE ORDERS (all othsrs) 1. IniNating Dep�rtms�t 2. City Attomey 3. MayoNAssistant 4. (�riy(�rk TOTAL NUMBER OF SIQNATURE PACiES indicate the#�of ppas on which signMures ar•roquired and p�Cli eech of tt�pa�s�s. ACTION REt�UE8TED D�c�ibs wh�t tha proMct/nqu�st seeks to�ccompNsh in Nthsr chronolopl- cal ordsr or ordsr of importance,whichevx is most approprlate for the iseus. Do not write complete eeMsnces. Bapin sach kem in your liat with a verb. RECOMMENDATIONS Complsts ff ths iasus in qusstbn Nas b�sn proeeM�d before any body, Public or privats. - SUPPORTS WHICN COUNdL OB.IECTIVE? Indk:ete wMch Council objscbve(s)Y�r Prol�►��PP�s bY��9 ths key wad(s)(HOUSINO, RECREATION, NEIaHBORHOOD3, ECONOMIC DEVELOPMENT, BU�iET, SEWER SEPARATION).(3EE OOMPLETE LI3T IN IN3TRUCTIONAL MANUAL.) COUNGL COMMITTEEIRESEARCH REPOHT-OP'TIONAL AS REQUESTED BY COUNCIL INITIATINO P�LEM, 13SUE,OPPORTUNITY Explain the situation or c�nditlons that created a nsed for your project or requeat. ADVANTAOES IF APPROVEO Indfcats whetMr thfa Is simply an annual bud�t proceduro requlred by law/ chartsr or whothsr th�re are sp�ciAc wa in whfch the Gty of Saint Paul and Ita citlzens will bsneflt from this pro�/�ction. DISADVANTA(iES IF APPROVED What nsgatNe eifects or maJa ch�nge�tq exlsting o[:phst procesaes might this pro�ct/requsst produc:e M ft is p�s�ed(s.p.,trafBc dslaya, nolse, tax increaaes or assss�nsMs)7 To Whom4 When?For how long? � DISADVANTAOES IF NOT APPROVED What will be tM npative oonsequsnc�if ths promiaed action is not approved?Inabiliy to deliver ssrvice?ConUnwd high traffic, noise, accidsnt reta4 Las of revenue? FlNANqAL IMPACT ARhou�h y�ou mwt tailor ths in�ormatbn you provide hsre to ths faeus you are addreqinp, in genaral you must answer two qu�stbns: How much is it poitp to cost?Who is qoinp to pa�R Hul�Sliv� AND REDEVELO�MEh1�f� AU1'HUFiiTY Uf= -fHE CITY uF S��tivT E�nU�, N�NN�SU��1 . , � � � ,C-r��.0-//.9's-' HCPURT T0 THE COMIr111SSI0NER5 �AT� December �3, 1989 HEGARDING Authorization of Financing for Proposed Parking Lot Project at 465 University Avenue (within International Marketplace URAP) District 7 BACKGROUND �On February 23, 1989, the City Council approved the International Marketplace Urban Revitalization Action Program project, providing funding for a number of projects located in the target area on University Avenue between Western and Mackubin. One of the ma�or �goals of this project is to strengthen the economic .stability of this two block commercial area by developing parking ' facilities to meet the businesses' present and future needs. One project proposed to meet this goal is the construction of. a parking lot at 465 University to benefit sur�ounding businesses. The site, which is now a vacant single family house, is owned by Jerry Ritter, a partner in the law firm Ritter and Fenske located at 461 University Avenue. The parking lot � would be constructed and owned by Jerry Ritter for the use of his clients; however, it would also be available for the use of nearby businesses. PROPOSED FINANCING PED staff proposes to provide a URAP loan of up. to $11,000 to assist in the construction of this parking lot, representing approximately one-fourth of the total project costs. The loan would accrue interest at a rate of 8$ per year; ' however, interest and principal payments would be deferred and forgiven after . ��y�a�9.� ten years as long as the site continued to be used as shared parking for the businesses. If the property were sold or changed use before thati time, the loan would become immediately due and payable. RECOhIIrIENDED ACTION Staff proposes that the HRA approve the financing for this project as outlined above. A Resolution if attached. a:hraboard � � � ��5 RESOLUTION N0. RESOLUTION APPROVING URAP FINANCING FOR PARKING LOT PROJECT AT 465 UNIVERSITY WHEREAS, On February 23, 1989, the City Council approved the International Marketplace Urban Revitalization Action Program (URAP) tu facilitate commercial revitalization in the two-block area of University Avenue between Western and Mackubin Streets; WHEREAS, Activities specified in the proposal to be undertaken as part of the URAP project include: removal of housing units from the commercial strip where inappropriate, including those units which are blighted or create a substantial land use conflict, and the development of parking facilities where needed to accommodate the present and future needs of commercial property owners in the area; WHEREAS, A commercial property owner in the area, Jerry Ritter, a partner in the law firm Ritter and Fenske located at 461 University Avenue, has applied to the city for URAP assistance to construct a parking facility adjacent to his building on property he owns at 465 University; WHEREAS, The property at 465 University is a vacant single family house which was rated as substantially deteriorated in the Exterior Building Condition Survey conducted for the University Avenue East Redevelopment Plan, and which '- � represents a substantial land use conflict with adjacent businesses; i �__ WHEREAS, Based on the findings above, PED staff proposes to provide a URAP loan of up to $11,000 to assist in the construction of this parking lot, representing approximately one-fourth of the total project costs, and that this loan would accrue interest at a rate of 8� per year; WHEREAS, PED staff further proposes that as a condition of receiving this loan, the property owner allow surrounding businesses to use the parking lot, and that all interest and principal payments on this loan be deferred and forgiven after ten years as long as the site continues to be used as a shared parking lot; however, if the property were s.old or changed use before that time, the loan would become immediately due and payable; WHEREAS, The elimination of a conflicting land use, removal of a blighted structure, provision of off-street parking available to businesses in the URAP project area are consistent with the provisions of the International Marketplace URAP application, and are in accordance with the objectives and redevelopment activities of the University Avenue East Redevelopment Plan and the Citywide Redevelopment Plan of which the University Avenue East Plan is a part; NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners of the HRA as follows: 1. That the foregoing recitals are hereby adopted as findings and , determinations of the Board and that it is further found that the � proposal to provide financial assistance to accomplish the recited L�_' purposes is necessary to accomplish the purposes and objectives of the University Avenue East and Citywide Redevelopment plans. 1 Z� . � � � ��yo�ir��" " 2. That t11e provisioi� of financial assistance to the business o�oner witl� the terms and conditions de_;cribed above are hereby approved and that the Executive Director, Assistant Secretary, and City Attorney are authorized to draw up appropriate Loan Agreement and Note and to exectite these documents on the behalf of the HRA. a:hrares 2 LE . � , . � �.-�o��s .\��r...�. � �r�7��--3� ?-