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90-1590 � . , �� �i G, ��� Council File $ _��� r � Green Sheet � PED - Housing Division RESOL ON IT�1( OF SAI PAUL, MINNESOTA Presented By � --� Referred To , ( Committee: Date RESOLVED, upon the recommendation of the Mayor, and with the advice of the Capital Imp ovement Budget Committee, the Council of the City of Saint Paul does hereb approve the following changes to the Community Development Block Grant Yea s XI and XIII Programs: Current Amended CD Year XI Budget Chan�_ Budget Rental Rehabili ation Loans P6-100-39312-OS 4-61102 $1,748,000.00 ($74,600.00) $1,673,400.00 Transfer to CD ear XI $74,600.00 CD Year X Housing Devel. p. Fund P6-100-39102-OS 1-61231 $458,000.00 $74,600.00 $532,600.00 Transfer from Y ar XI $74,600.00 ($74,600.00) $0.00 ------------- ------------- ------------- Totals $532,600.00 $0.00 $532,600.00 � � eas Navs Abaent Requested by Department of: zmon Planning & Economic Develo�ment ' oawi z Zo � ` acca ee . e ma � e ' � i son — BY� EP (j �9� Form Appr by City Attorney Adopted by Council: Date Adoption Certif' ncil Secre BY. � � �. � o Q� �� Approved b Mayor for Submission to Approved by Mayor: Date SEP 7 1990 Council - �/���� : By: °_ By: ✓ 1 pUBtISHEO S�P 1 51990 ? 1 . , . 90 —/�`�l� DEPARTMENT/OFFICE/COUNCIL OATE INITIATED N�i _113 8 7 b GREEN SHEET CONTACT PERSON 8 PHONE INITI A� �CITY COUNCIL �NITIAVDATE �DEPARTMENT DIRECTOR �A•� ����E�2 '3�S ASSIGN �CITY ATTORN ' � CITY CLERK MUST BE ON UNCIL AOENDA BY(pAT NUMBER FOR �BUDGET DIRECTOR �FIN.&MQT.SERVICES DIR. ROUTING /� � ORDER MAYOR(OR ASSISTANn � (/1f�Dl/Z TOTAL#OF SIGNATURE PAG S � (CLIP ALL LOCATIONS FOR SIGNATURE) � P�A��� ACTION REQUESTED: c,�,,� _ � °,�j�°'1 °'�-, �."L'`�,� `�." ���,`ti,,,`.`,e. ��'�►1'�o� '�'�-� RECOMMENDATIONS:Approve(A)or Rej (R) PERSONAL SERVICE CONTRACTS MUST ANSWER TNE FOLLOWINQ QUESTIONS: _PLANNINCi COMMISSION _ IVIL SERVICE COMMISSION 1. Hes this person/firm ever worked under a contract for this departmeM? �CIB COMMITTEE YES NO 2. Has this person/firm ever been a city employee? �.'STAFF — YES NO _ DISTRIC7 COURT _ 3. Does this person/firm possess a skfll not normally posaessed by any current cfty employee? SUPPORTS WHICH COUNCIL OB,IECTIVE YES NO ` Explain ell yes answers on ssparats shset and attach to yreen sheet INffIATINO PROBLEM,IS UE,OPPORTU ITY(Who,What,When,Where,Why): ' /�L�i'"'�V � a Q'wli �..e,��a-�- P P�- --��-��t r— �- w,,e�,�,c� x�- _ �a _ �— �— , � ADVANTAGES IF APPROVED: �M�.�-� f�Cn�-v�"-� r.�.� �� ' � _ DISADVANTAGES IF APPROVED: N`O � �r���.� DI DVANTA(3ESIFNOTAPPROVED: '��, �'.��I�'; t1�J"; _� i; ���(j ' ' �" .. ;., ';;� TOTAL AMOUNT OF TRANSACTION S ����-��� - COST/REVENUE BUDGETEp(CIRCLE ONE) YES NO FUNDING SOURCE ACTIVITY NUMBER A�"I D� �'I 31�-D 5 Sy-�/lD� �7�1.��j(L FINANCIAL INFORMATION:(EXPLAIN) P�j/�d- 39�a�- os��-Gia3� 7"7,6!1 D. _ . � � _,c� �v DEPARTMENT/OFFICE/COUNCIL DATE INITIATED NO 1���O� � � GREEN SHEET � CONTACT PERSON&PHONE �DEPARTMENT DIRECTORNITI`�DAT� ❑CITY COUNCIL INITIAL/DATE �i4�1� ��'L-�IE/�. 3�S G ASSIGN �CITYATTORNEY �CITY CLERK MUST BE ON OUNCII AGENDA BV f,pATE) pOUT NG�Op �BUDGET DIRECTOR �FIN.8 MGT.SERVICES DIR. �� - ORDER MAYOR(OR ASSISTAN� � (/jr/Dri� TOTAL#OF SIGNATURE PAGE � (CLIP ALL LOCATIONS FOR SIGNATURE) / P�A�� ACTION REQUESTED: � - � � ��.� t ��-- � 1�'��'I�`'`'�°-`.- '�`�� RECOMMENDATIONS:Approve(A)or Reject R) pERSONAL SERVICE CONTRACTS MUST ANSWER THE FOLLOWING QUESTIONS: _PLANNING COMMISSION _ C VIL SERVICE COMMISSION �• Has this person/firm ever worked under a contract for this department? �.CIB COMMITTEE � � YES NO 2. Has this person/firm ever been a city employee? �'STAFF — YES NO _DISTRIC7 COURT _ 3. Does this person/firm possess a skilt not normally possessed by any current city employee9 SUPPORTS WHICH COUNCII OBJECTIVE? YES NO ' Explain all yes answers on separate sheet and attach to green sheet INITIATING PROBLEM,IS UE.OPPORTUN (Who,What,When,Where,Why): ' /�l.�f'' �-� �{4!.^(,�� ,�`�°'v�� !�'+�1� � �..���- P P�-- -�-�� � �- � . . , .r- ,�,o-►�.,co x�-- � c�r-.� _ �9-�- �'�-- '�°�� � ADVANTAGES IF APPROVED: ��l�o-'6�,�,p �.v� G�',1�,C.� � _ u DISADVANTAGES IF APPqOVED: N`O a ��p�� 01 ADVANTAGES IF NOT APPROVED: TOTAL AMOUNT OF TRANSACTION ��� ��� COST/REVENUE BUDGETED(CIRCLE ONE) YES NO FUNDING SOURCE ACTIVITY NUMBER��"IGO'' 3�3�– tI S�N-�o IIO� �7,�,�/'�,L, FINANCIAL INFORMATION:(EXPLAIN) P�/Ob - 39io2- o���-Gia3� T�/6D D. , ��. . ��>�'�� ��-� ti� G Resolution No. 90-7/24 RESO UTION AUTHORIZING A RENTAL REHABILITATION LOAN FOR THE 700, 710 & 716 SELBY AVENUE PROJECT WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minneso a ("HRA") has received a proposal from Project for Pride in Living, Inc. ("PPL" to provide a deferred payment loan in the amount of $250,000 for e acquisition and rehabilitation of the properties at 700, 710 & 716 Selby A enue (the "Project") ; and WHEREAS, an amount up to $50,000 of additional rehabilitation improvements ay be required for the 700 Selby Avenue property; and WHEREAS, the rehabilitation and related costs for the Project are only approximately $125,400; and WHEREAS, the Rental Rehabilitation Loan Program (the "RRLP") has sufficient fu ds to fund the $300,000, however, acquisition costs are not eligible cost of the RRLP, and certain exceptions to the RRLP guidelines are required in o der to provide the eligible portion of the loan; and WHEREAS, the guidelines for the Housing Development Opportunity Fund (the "HDOF: ) llow the funding of acquisition costs, and there is currently a fund balance; and WHEREAS, funds can be considered for transfer from the RRLP to the HDOF in order to f nd the $124,600 balance of the loan request; and WHEREAS, relocation assistance for current tenants in the Project is undetermined. , NOW, TH REFORE, BE IT RESOLVED by the Housing and Redevelopment Authority of he City of Saint Paul, Minnesota. 1. A deferred payment mortgage loan up to $300,000 is approved for the Project t assist in financing the acquisition and rehabilitation costs. 2. T e loan shall be funded from the following sources: a. An amount up to $175,400 from the RRLP. b. An amount up to $50,000 from the current balance of the HDOF. c. t such time and in the event the CIB Committee, Mayor and City Council approve a transfer of funds from the RRLP to the HDOF for the Project. 3. A amount up to $50,000 of the RRLP loan is contingent on the final identif"cation of the additional rehabilitation amount for the 700 Selby Avenue proper y and on satisfaction that there is no reasonable means for the seller to fun the improvements. 4. e loan closing is contingent on a final determination on the liability of elocation payments and the funds, if necessary, are identified. . . � U — ���C/ 'O. °� , i CITY OF SAINT PAUL INTERDEPARTMENTAL MEMORANDUM T0: Olson, City Clerk FROM: G ry Peltier, Housing Division RE: solution To Approve Funds for 700, 710, 716 Selby Avenue P oject in Pride For Living The attached esolution has been reviewed and approved by the Housing and Redevelopment Authority and the CIB Committee. For various valid reasons there is an u gency to close on the loan funded by the above funds by Friday, September 7th. Therefore please consider placing the above resolution on the consent agen for action at the Thursday, September 6th City Council meeting. Council Presi ent Wilson will be sponsoring the resolution. The fully executed copy of the resolution is forthcoming shortly from Council Research. Please call m at x3351 or A1 Carlson at x3347 if should have any questions. Thank you. " � �v-is�� � ' ' Council File #� Green Sheet # PED - Housing Division RESOLUTION CITY OF SAINT PAUL, MINNESOTA Presented By Referred To Committee: Date RESOLVED, upon the recommendation of the Mayor, and with the advice of the Capital Imp ovement Budget Committee, the Council of the City of Saint Paul does hereb approve the following changes to the Community Development Block Grant Yea s XI and XIII Programs: Current Amended CD Year XI I Budget Change Bud� Rental Rehabili ation Loans P6-100-39312-05 4-61102 $1,748,000.00 ($74,600.00) $1,673,400.00 Transfer to CD ear XI $74,600.00 CD Year X Housing Devel. pp. Fund P6-100-39102-OS 1-61231 $458,000.00 $74,600.00 $532,600.00 Transfer from Y ar XI $74,600.00 ($74,600.00) $0.00 ------------- ------------- ------------- Totals $532,600.00 $0.00 $532,600.00 eas Navs Absent Requested by Department of: zmon Planning & Economic Develo�Ment osw.z t z on acca ee . et man , �n e � z son BY� Form Approved by City Attorney Adopted by Council: Date Adoption Certified y Council Secretary gY: By� Approved by Mayor for Submission to Council Approved by Mayor: Date By: By. , . �� . , . . .����1�-lS� Resolution No. 90-7/24 RESO UTION AUTHORIZING A RENTAL REHABILITATION LOAN FOR THE 700, 710 & 716 SELBY AVENUE PROJECT WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesot ("HRA") has received a proposal from Project for Pride in Living, Inc. ( 'PPL" to provide a deferred payment loan in the amount of $250,000 for t e acquisition and rehabilitation of the properties at 700, 710 & 716 Selby A nue (the "Project") ; and WHEREAS, an amount up to $50,000 of additional rehabilitation improvements ay be required for the 700 Selby Avenue property; and WHEREAS, the rehabilitation and related costs for the Project are only approximately $125,400; and WHEREAS, the Rental Rehabilitation Loan Program (the "RRLP") has sufficient fu ds to fund the $300,000, however, acquisition costs are not eligible cost of the RRLP, and certain exceptions to the RRLP guidelines are required in o der to provide the eligible portion of the loan; and WHEREAS the guidelines for the Housing Development Opportunity Fund (the "HDOF:) llow the funding of acquisition costs, and there is currently a fund balance; and WHEREAS funds can be considered for transfer from the RRLP to the HDOF in order to f nd the $124,600 balance of the loan request; and WHEREAS relocation assistance for current tenants in the Project is undetermined. . NOW, TH REFORE, BE IT RESOLVED by the Housing and Redevelopment Authority of he City of Saint Paul, Minnesota. 1. A deferred payment mortgage loan up to $300,000 is approved for the Project t assist in financing the acquisition and rehabilitation costs. 2. T e loan shall be funded from the following sources: a An amount up to $175,400 from the RRLP. b An amount up to $50,000 from the current balance of the HDOF. -��. ..�,.�,,,..�.. .�,- �-$g� � � c. ad"d�tion��£;;�mburit'�up:�to�$�4:�600��.ro��I�C���t such �.-._ time and in the event the CIB Committee, Mayor and City Council approve a transfer of funds from the RRLP to the HDOF for the Project. 3. amount up to $50,000 of the RRLP loan is contingent on the final identi "cation of the additional rehabilitation amount for the 700 Selby Avenue proper y and on satisfaction that there is no reasonable means for the seller to fu the improvements. 4. e loan closing is contingent on a final determination on the liabili.ty of relocation payments and the funds, if necessary, are identified. . . . . . . . ��-1��'� 5. MH is encouraged to proceed with loan closing as quickly as possible to all w for stabilization of the 700 Selby building. 6. ��d.�'d q � d �� __ . as quickly as possib e. In e event the transfer is not approved, staff will provide recommendation n an alternate source.