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90-1767 I - 0 R I�G I I�,A � . �,,, Council File # U ����0 � Green Sheet # I1118 RESOLUTION CI�1( OF S INT PAUL, MINNESOTA � � � �. Presented By - Referred T� � Committee: Date �O-�`,��� RFSOLiTPION APPRWING APPLICATION OF BAY WEST, INC. F�OR CLASSIFICATION OF PROPERTY LOC'ATID IN THE SAINP PAUL RIVERFRONT ENI.'ERPRISE ZONE AS C�►SS 4d IINPI,,OYI�'� PRdPER2'Y WE�RFAS, Bay West, Inc. (the "Company") filed with the City Clerk an Application for assification of property located on the southerly portion of Empire Builder ndustrial Park as Employment Property pursuant to Minnesota Statutes Section 69.170 and the Saint Paul Riverfront Enterprise Zone Prograan (the "Program"); d VV�R�S, the new investment, tax classification, and State tax credits as set forth in deta'1 in the September 24, 1990 Staff Report will result in.the creation of 60 ew positions in Saint Paul with the oonstruction of a new 39,000 square foo offic and storage facility for Bay West, Inc.; and WF�REAS, the e has been presented to and considered at this meeting a Particigation Agr ement between the City and the Com�ny whereby the Canpany covenants respecti g the completion of property i�rovements; and WAEREAS, th Port Authority of the City of Saint Paul has received authorization fr the Degartment of Trade and Econanic Develognent to utilize an alternative 1 cal oontribution of infrastructure improvements in lieu of local property tax reduction; and WE3EREAS, the ity Clerk duly published on Septenber 15, 1990 in the Saint Paul Legal Ledger, the official newspaper for the City a notice of public hearing before the City Council upon the Camp�any's Application; and WHEREAS, the District 6 and 7 Planning Councils have reviewed and reco�nmer„ded approv 1 of the Application; and Wf�REAS, the ity Council conducted a public hearing on October 18, 1990, upon the Applica ion at which hearing opportunity was provided for the Applicant, the Co ty Assessor, representatives of affected taxing authorities and any taxpayer f the City or menber of the public to present their views orally or in writi g at or before the hearing, and having dt�ly considered the testimony and wr'tten views presented at the hearing and the Application, staff report and aft Participation Agreement; now therefore, be it RESOLVED by he Council of the City of Saint Paul that it hereby .determines t�iat th Application of Bay West, Inc., the property improvements, retained and new j bs and tax benefits proposed meet the objectives of the Saint Paul Riverfr nt Enterprise Zone Program. ��IG! � ���� L� � � . �� ��� 7 RE90LVID �IER that the City Council additionally finds and determines that the constru tion of the new facility (1) is reasonably likely to create new employment in the City; (2) is not likely to have the effect of transferring existing employment fran one or more other cities within Minnesota; (3) is not likely to cause the total market value of employment property within e municipality to exceed five perc�ent of the total market value of all t able property within the municipality; or, if it will, oonsidering the unt of additional municipal services likely to be required for the emplo nt property, is not likely to substantially impede the operation or the financial integrity of the municipality or any other public body levying� tax s on property in the maunicigality; and (4) is not likely to result in the r ction of the assessed value of existing property within the City awned by icant. RESOLVED URTHER that the Application and employment property reclassification thereby proposed is hereby approved and the City Clerk is directed to tran 't the Application together with a certified oopy of this resolution to t e Canmissioner of Trade and Economic Development for consideration an final approval. RESOLVED THER that the Participation�Agreement between the City and the Applicant is ereby approved, and the proper City offioers are authorized to sign the sa on behalf of the City, and upon its signature by the . Applicant to tr snit Attachment C of saicl Agreement to the Crnmissioner of Trade and Econ 'c Develognent for signature tyy the Coirnnissioner or designee upon final appro of the Application. Navs Absent Requested by Department of: zmon o w + ��.� on acca ee e man � � iuson � �``_ By: J 0`� � � 19� Form Approved by City Attorney Adopted by Council: D te Adoption Certified by ouncil Secretary ` ''— By: s By� Approved by Mayor for Submission to Approved by Mayor: D te 4�T �. 9 1��0 � counci� -� �' ' ' � G���id%,�a•��, B �Fa.r..���,?/r.: By: Y� - P ��4S3�ED 0 C T 2 7 1990 � .� � � � . . 9° '��� � DEPARTMENT/OFFICFJCOUNCIL DATEINITIATED GREEN SHE T N°. _11118 St. Paul Port Authorit CONTACT PERSON&PHONE INITIAUDA E INITIAUDATE �DEPARTMENT DIRECTOR P�'i D �CITY COUNCIL David M. Stokes ASSIQN �CITYATTORNEY �, �CITYCLERK NUMBERFOR MUST BE ON COUNCIL AGENDA BY(DATE) ROUTING �BUDGET DIRECTOR �FIN.8 MGT.SERVICES OIR. October 2� 1990 ORDER �MAYOR(OR ASSISTANn � Council Research TOTAL#OF SIGNATURE PAGES � (CLIP ALL LOCATIONS FOR SIGNATURE) ACTION REQUE3TED: Approval of City Counc 1 Resolution for classification of proper y in the Riverfront Enter- prise Zone as Class 4d Employment Property. Execution of Participa ion Agreement with Bay West, Inc. RECOMMENDA710NS:Approve(A)or Re)ect(R) PERSONAL SERVICE CONTRACTS MUST ANS ER THE FOLLOWING QUESTIONS: _ PLANNING COMMI3SION _ CIVIL SERVICE COMMISSION �• Has this person/firm ever worked under a contr t for this department? _CIB COMMITTEE _ YES NO 2. Has this person/firm ever been a city employee _3TAFF — YES NO _DISTRIC7 COURT _ 3. Does this person/firm possess a skill not�orma y possessed by any current city employse? SUPPORTS WHICH COUNCIL OB,IECTIVE7 YES NO Economic development by creating Explain ell yes answers on separats aheet and ttach to groen sheet �obs and increasing tax base. INITIATINQ PROBLEM,ISSUE,OPPORTUNITY ho,Whet,When,Where,Why): State Enterprise Zone t x credits will be used to assist Bay West Inc. in the construction of a new facility in Em ire Builder Industrial Park. ADVANTApEH IF APPROVED: Bay West presently has 0 employees in Empire Builder which will e retained, and 60 new jobs created with the constr ction of the new facility. The project will increa e the tax revenue generated in the Scatte ed Site Tax Increment Distr' t, will lead to a new faci ty on land that is now unimproved and wi 1 allow the firm to grow an expand in St. Paul. DISADVANTAOES IF APPROVED: None. DISADVANTAQES IF NOT APPROVED: Firm may be forced to ex and outside of Saint Paul and relocate it 60 existing �obs outside of Saint Paul also. TOTAL AMOUNT OF TRANSACTION S 2� OO�OOO COST/REVENUE BUDGETEO(C CLE ONE) YES NO FUNDING SOURCE Private fin I1C�II ACTIVITY NUMBER FINANCIAL INFORMATION:(EXPLAtN) NOTE .-COMPLETE DIRECTIONS ARE INCLUDED IN THE GREEN SHEET INSTRUCTIONAL ' MANUAL AVAILABLE IN THE PURCHASING OFFICE(PHONE NO.298-4225). ROUTING ORDER: Below are correct routings for the five most frequent types of documents: CONTRACTS(assumes suthorized budget exists) COUNCIL RESOLUTION (Amend Budgets/Accept. Grants) 1. Outside Agency 1. Department Director 2. Department Director 2. City Attorney 3. City Attorney 3. Budget Director 4. Mayor(for contracts over$15,000) 4. Mayor/Assistant 5. Human Rights(for contracts over$50,000) 5. City Council 8. Finance and Management Services Director 6. Chief Accountant, Finance and Management Services 7. Finance Accounting ADMINISTRATIVE ORDERS(Budget Revision) COUNCIL RESOLUTION (all others,and Ordinances) 1. Activity Manager 1. Department Director 2. Department Accountant 2. Ciry Attorney 3. Department Director 3. Mayor Assistant 4. Budget Director 4. City Council 5. Gty Clerk 6. Chief Accountant, Finance and Management Services ADMINISTRATIVE ORDERS(all others) 1. Department Director 2. City Attorney 3. Finance and Management Services Director 4. City Clerk TOTAL NUMBER OF SIC�NATURE PAGES Indicate the�of peges on which signatures are required and paperclip or flag s�ch of thss�pa�ss. ACTION REQUESTED Descxibe what the projecUrequest seeks to accomplish in either chronologi- cal order or oMer of impo�tance,whichever is most appropriate for the issue. Do not wrife�mplete sentences. Begin each item in your list with a verb. RECOMMENDATIONS Complete if the issue in question has been presented before any body,public or private. SUPPORTS WHICH COUNCIL OBJECTIVE? Indicate which Council objective(s)your project/request supports by listing the key word(s) (HOUSINQ, RECREATION,NEIGHBORHOODS, ECONOMIC DEVELOPMENT, BUD(3ET,SEWER SEPARATION). (SEE COMPLETE LIST IN INSTRUCTIONAL MANUAL.) PERSONAL SERVICE CONTRACTS: This information will be used to determine the city's tiability for workers compensation claims,taxes and proper civil service hiring rules. INITIATING PROBLEM, ISSUE,OPPORTUNiTY Explain the situation or conditions that created a need for your project or request. ADVANTAGES IF APPROVED Indicate whether this is simply an annual budget procedure required by law/ charter or whether there are specific ways in which the City of Saint Paul and its citizens will benefit from this projecVaction. DISADVANTAGES IF APPROVED What negative effects or major changes to existing or past processes might this projecUrequest produce if it is passed(e.g.,traffic delays, noise, tax increases or assessments)?To Whom?When? For how long? DISADVANTAGES IF NOT APPROVED What will be the negative consequences if the promised action is not approved7 Inability to deliver service?Continued high traffic, noise, accident rate?Loss of revenue? FINANCIAL IMPACT • Although you must taflor the information you provide here to the issue you are addressing, in general you must answer two questions: How much is it going to cost?Who is going to pay? . � �'o - i7 � �' CtTY �F R�y y ° - � CITY OF SAINT PAUL < iiii�i ii°i >" '�• �" OFFICE OF THE CITY COUNCIL �•6• CITY HALL-7th FLOOR-SA�INT PAUL, MINNESOTA 55102 612-298-5506 TOM DIMOND COUNCILMEMBER Members: Tan Dimond, Chair Paula Maccabee Dave Thune Date: October 1 , 1990 COMMITTEE RE ORT HOUSING AND E ONOMIC DEVELOPMENT COMMIITEE 1. Approval of the Minutes of the September 26, 1990, Housing and Economic Developm nt Committee meeting. COMMITTE APPROVED, 3-0 2. Lower Da on's Bluff - 40 Acre Study (Laid Over in Committee 9-26-90) . COMMITTEE RECOMMENDED APPROVAL OF A SUBSTITUTE RESaLUTION, 3-0 3. Resolutio 90-1766 - Resolution approving application of Hako Minuteman, Multi-Cle n Division, for Classification of property located in the Saint Paul Rive front Enterprise Zone as Class 4D Employrnent Property. COMMITTEE RECOMMENDED APPROVAL, 3-0 �4. Resolutio 90-1767 - Resolution approving applicat�on of Bay West, Inc. , for classific tion of property located in the Saint Pa 1 Riverfront Enterprise Zone as C ass 4D Employment Property. COMMITTEE RECOMMENDED APPROVAL, 3-0 5. Resolutio 90-1768 - Resolution approving application of Leeann Chin, Inc. , for Class'fication of property located in the Saint Paul Riverfront Enterpris Zone as Class 4D Employment Property. COMMITTEE RECOMMENDED APPROVAL, 3-0 6. Leeann Ch'n - Boundary Changes. ' COMMITTEE RECOMMENDED APPROVAL, 3-0 CHAIR: Housing and edevelopment Authority & Housing and Economic Development Committee CO MITTEES: Public Works & Intergovernmental Relations Printed on Recyckd Paper .6.. h' s HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE COMMITTEE REPORT - OCTOBER 10, 1990 PAGE TWO 7. Approval of funding to construct a parking lot on HRA parcel 141-E, the southwest corner of Selby and Dale, Summit-University Planning Council , District 8 (Referred from HRA 7-10-90) . COMMITTEE RECOMMENDED APPROVAL AS AMENDED, 3-0 (HRA) 8. Resolution authorizing preparation of second supplement indenture to 1987 Riverfront Bonds, naming underwriter, and setting public hearing for proposed bond sale, Districts 3, 9, 17 (Referred from HRA 9-25-90) . THIS ITEM WAS LAID OVER 9. Tax Deferment to Rehab Housing. THIS ITEM WAS LAID OVER 10. Authorization to exercise option and proceed with acquisition of property at 688 E. Third, Dayton's Bluff, District 4 URAP Area (Referred from HRA) . COMMITTEE RECOMMENDED APPROVAL, 3-0 (HRA) 11. Resolution 90-1821 - adopting criteria to determine degree of public support for proposals to locate MNDOT within Saint Paul . COMMITTEE RECOMMENDED APPROYAL AS AMENDED, 3-0 12. HUD Vacant Houses for the Homeless (Laid Over in Committee 9-26-90) . THIS ITEM WAS LAID OVER FOR FURTHER INFORMATION FROM STAFF 13. Approval of Financing Assistance for the Public Housing Agency's Acquisition and Rehabilitation Program (Referred from HRA 10-9-90) . COMMITTEE RECOMMENDED APPROVAL�, 3-0 (HRA) 14. Resolution 90-1742 - Resolution increasing the financing and spending plans for the Lower Bluff Urban Revitalization Action Program (URAP) . COMMITTEE RECOMMENDED APPROVAL, 3-0 chr , �%�� �-/�G� FAX(612)223-5198 PORT AUTHORITY THE CITY OF S�AINT PAUL TOLL FREE(800) 328-8417 1900 LANDMARK T RS • 345 ST. PETER STREEf • ST. PAUL, MN 55102-1661 • PHONE(612)224-5686 Septeaber 20, 1990 Mr. Daniel J. � ejo - Planning & Eao c Developaent Department City of Saint Pa 13th Floor City 1 Annex St. Paul, ta 55102 SUBJBGT: SE Z0� CR�ITS BAY � INC. Dear Mr. Cornejo We submit herewi for your review an�d referral to the offioe of the 1�lay�or, City Council ar� City Attorney's•Off ioe a draft resolution pertaining to the issuance of I�t prise Zone Credits to Bay West, Inc. The credits will be in the form of $500 000 in State incaae tax credits made up of $485,000 in clebt financing credi s and up to $15,000 in neN employee credits. Local oontribution in amount of $202,621 has been a�p��ved by the State in the form of infrast ure iaQrovennents in the Hapire Builder �r�dustrial Park. IIzterpcise Zone edits will be used to assist in the oonstructiari of a new 39,000 square oot office and storage facility in the �npire Builder Industrial P�ark. �e cam�pany pcesently has 60 eiogl.oyees at this site arid will create 60 ne�w tions within the next 5 yeara at this si�e. We are attaching a draft oopy of the proposea City Ca�ncil resolution w�ich authorizes the ecution of the Participati� Agreement and the sutmittal of the proposal to e D�pnrtment of Trade and Econa�ic Development. A staff report ana the cipntion Agree�erit will be forwarded unier separate cover. Your eapedf ing of this m�tter will be appreciat�. � Yours truly. s J. ws • President JJB:DN�:las Attachment cc: Mayor Schei 1 _ ' �` /� � -l� /�1�� ' DEPAHTMENT/OFFICFJCOUNCIL DATE INITIATED G R E E N S H E ET NO _ 11118 St.� Paul Port Authorit INITIAUDATE INITIAUDATE ' CONTACT PER90N 6 PHONE �DEPARTMENT OIRECTOR pED �CITY COUNCIL David M. StO1Ce3 �s$�dN �CITV ATfORNEY r T/� �CITY CLERK NUMBER FOR �■ MU3T BE ON COUNCIL AOENDA BY(DAT� ROUTINO a BUOGET DIRECTOR �FIN.8 MGT.SERVICES DIR. October 2� 1990 ORDER �MAYOR(OR ASSISTANn � Council Research TOTAL#OF SIGNATURE PAGE8 I (CLIP ALL LOCATIONS FOR SIGNATURE) ACTION REQUE3TED: Approval of City Counc 1 Resolution for classification of property in the Riverfront Enter- prise Zone as Class 4d Employment Property. Execution of Participa ion Agreement with Bay West, Inc. RECOMMENDA710NS:Approve(A)or Re�ect(R) PERSONAL SERVICE CONTRACTS MUST ANSWER THE FOLLOWING QUESTIONS: _PLANNINO COMMI3SION _ CIVI 3ERVICE COMMI8SION �• Has this personlfirm ever worked under a contrBCt}or this department? _CIB COMMITTEE _ YES NO 2. Has this personHirm ever been a city employee4 _S7AFF - YES NO _DISTRICT COURT _ 3. Does this person/firm ossess a skill not normaN p y possessed by any current city employeel SUPPORTS WHICH COUNCIL OBJECTIVE4 YES NO Economic development b creating Explaln all yes answsrs on tsparat�sh�st snd Ntsch to�rs�n shest jobs and increasing tax base. INITIATIN(a PR�LEM,13SUE,OPPORTUNITY ,What,Whsn,Where,Why): State Enterprise Zone t x credits will be used to assist Baq West, Inc. in the construction of a new facility in Em ire Builder Industrial Park. ADVANTAOES IFAPPROVED: Bay West presently has 0 employees in Empire Builder which will be retained, and 60 new jobs created with the constr ction of the new facility. The project will increase the tax revenue generated in the Scattered Site Tax Increment Distr' t will lead to a new facility on land that is now unimproved and will allow the firm to grow an expand in St. Paul. DISADVANTAOE3 IF APPROVED: None. DISADVANTAf3E$IF NOT APPROVED: Firm may be forced to ex and outside of Saint Paul and relocate its 60 existing jobs outside of Saint Paul also. TOTAL AMOUNT OF TRANSACTION i 2� OO�OOO COST/REVENUE BUD(iETED(CIRCLE ONE) YES �NO FUNDINd SOURCE Private f lIl ncin ACTIVITY NUMBER FINANCIAI INFORMATION:(EXPLAIN) , . NOTEr .-COMPi�ETE DIRECTIONS ARE INCLUDED IN THE C3REEN SHEET INSTRUCTIONAL MANUAL AVAILABLE IN THE PURCHASING OFFICE(PHONE NO.298-4225). ROUJINO ORDER: Below are correct routings for the five most frequent rypes of documents: CONTRACTS(assumes authorized budget exists) COUNCIL RESOLUTION (Amend Budgets/Accept.Grants) 1. Outside Agency 1. Department Director 2. Department Director 2. City Attorney 3. City Attorney 3. Budget Director 4. Meyor(for contracts over$15,000) 4. Mayor/Assistant 5. Human Rights(for contracts over$50,000) 5. Ciry Council 8. Finance and Management Services Director 6. Chief Acxountant, Finance and Management Services 7. Finance Accounting ADMINISTRATIVE ORDERS(Budget Revision) COUNCIL RESOLUTION(all others,and Ordinances) 1, Activity Manager t. Department Director 2. Department Accountant 2. Ciry Attorney 3. Department Director 3. Mayor Assistant 4. Budget Dfrector 4. City Council 5. City Clerk 6. Chief Axountant, Finance and Management Services ADMINISTRATIVE ORDERS(all others) 1. DepartmeM Director 2. City Attorney 3. Finance and Management Services Director 4. Ciry Clerk TOTAL NUMBER OF SIGNATURE PAGES Indicate the#�of pages on which signatures are required and paperclip or fla� Mch of tMa�pe�a. ACTION REQUESTED Descrfbe what the projecUrequest seeks to accomplish in either chronologi- cal order or order of importance,whiche�rer is most appropriate for the issue. Do not write complete sentences. Begin each item in your list with a verb. RECOMMENDATIONS Complete if the issue in question has been preseMed before any body, public or private. SUPPORTS WHICH COUNCIL OBJECTIVE? Indicate which Council objective(s)your projecUrequest supports by listing the key word(s)(HOUSINa, RECREATION, NEIQHBORHOODS, ECONOMIC DEVELOPMENT, BUDQET,SEWER SEPARATION). (SEE COMPIETE LIST IN INSTRUCTIONAL MANUAL.) PER30NAL SERVICE CONTRACTS: This information will be used to determine the ciry's liability for workers compensation claims,taxes and proper civil service hiring rules. INITIATINO PROBLEM, ISSUE,OPPORTUNITY Explain the situation or conditlons that created a need for your project or request ADVANTAGES IF APPROVED Indicate whether this is simply an annual budget procedure required by taw/ charter or whether there are spscitic ways in which the City of Saint Paul and its citizens will benefit from Mis project/action. DISADVANTAOES IF APPROVED What negaUve effects or major changes to existing or past processes might this projecVrequest produce if it is passed(e.g.,traffic delays, noise, tax increases or assessments)?To Whom?When?For how long? DISADVANTAGES IF NOT APPROVED What will be the negative consequences if the promised action is not approved?Inebiliry to deliver service?Continued high traffic, noise, accident rate?Loss of revenue? FINANCIAL IMPACT Although you must tailor the information you provide here to the issue you are addressing, in general you must answer two questions: How much is it going to cost?Who is going to pay? � � � 9�/'I� � � O �RT �� - ' AUTHORITY OF THE CITY OF 5T. PAU Memorandum TO: �verfront Develognent Task Force DATE: Septeqnber 24, 1990 FROM: �vid M. kes SUBJECT: S.� HAY WF�P� . t�ar�rt�uT� APPLI(�7.ZQ�i A. PROPOS II4iPL�C7YMEDTr PROPII2TY Bay Wes , Inc. proposes to acquire approximately 186,780 sq.ft. (4.3 acres) f land frcm the Port Authority of the City of Saint Paul in E�npire Builder Industrial Park and that it be determined eligible for reclas- sificat' n as employment property through the City's Riverfront F�►terprise Zone pr gram. The property will not be formally reclassified for tax propose , as an alternative oontribution of infrastructure improvements is being p vided in lieu of local property tax reduction. This alternative contrib tion has been approved by the Minnesota Department of Trade and Economi Development. The property description is attached. This proper is identif ied by the Ramsey County Ta�c Department through the followin property identification n�unbers: 31-29-22-22-0090 31-29-22-21-0068 This pro rty is presently tax exe�t and owned !�y the Port Authority. The pro rty is within the City of Saint Paul's Scattered Site Tax Incre- ment Dis rict. B. I AND PROPOSE� USE Bay West is an eriviroranental consulting firm that has been in business since 19 4. The firm d�es oonsulting and training in hazardous waste and qround ter issues, tank testing and resportiding to spills. The firm oonstructed an 18,000 sq.ft. facility in 1986. Since then, Bay West has added lab s�xic�e and is leasing 5,000 sq.ft. at a nearby location. �e firm is proposing to construct a 39,000 sq.ft. office ar�l storage facility. The project cost is estimated at $2,500,000. The firm naw e�►ploys 0 people and will add another 60 employees under the proposed ex- pansion lan. . . . . ��,/�� � Staff Repo t Septenber 4, 1990 Page 2 C. PROITE INQ2F�ASE� MARKET VALUE 'I'he mar et value will increase by the amount of the i�rov�nents plus the land v ue since the property has not generated any taxes while urider Port Authority ownership. The developnent will result in an increase in the estimat market value of $2.5 million. The proj�ct is within the City of Saint P ul Aousing and Redevelognent Authority's Scattered Site Tax Incre- ment Di trict. This project will have a positive impact on the District's revenue . D. RETA AND NEW JOBS T'he y has 60 full-time e9nployees who will be retained in Saint Paul with th oonstruction of the new facility. In addition, the canpany es- timates they will hire 60 new enployees within the next five years. The canp�a� '11 enter into a City of Saint Paul F�npl�oyment and Training Par- ticipati n Agreement. E. DRAFT P ICIPATIC�1 AQ2EII�NP A draft articigation Agreenent has been negotiated with the following tax benef its 5-Year Zbtal State New F�mployee Credits $15,000 State Debt Financing Credits $485,000 �his re esents a private-to-public ratio of appro�mately $5.00 private per $1. 0 public tax reduction or credit. The original City Council guidelin s call for a minimtmn 8:1 private-to-public investirent ratio and a maximun f $10,000 per retained job and 20,000 pes ne�w job. This project represen s a credit of 10:1 for private-to-public investment, plus a�- proxima ely $1,400 per retained job and $2,800 per ne�w job. The local oontribu ion will be in the form of infrastructure improvements and site prepara 'on made by the St. Paul Fort Authority when F�npire Builder In- dustrial Park was created. Based on $47,231 per acre of improveiaents, the local co tribution is $203,093 for this project. � - � . . �v-��� , . . - Staff Repo t Sept�nber 4, 1990 Page 3 F. �UNCIL FINDINGS Bay Wes , Inc. 's application proposes to create up to 60 new jobs, none of which ould be a transfer fran another Minnesota municipality. The propos 1 will not result in the abandonment or demolition of other proper owned by the applicant in Saint Paul, which could potentially cause reduction in the assessed value of existing property within the City. G. TION 2'he st f of the Port Authority of the City of Saint Paul reco��►ends the City C uncil approve the attached Participation Agree�nent for Bay West, Inc, as drafted. Staff further recoar�nends the City Council determine that the pro ect is eligible for employment property reclassification and that the Att chment C of the Participation Agreement be fonaarded to the Com- mission r of Trade and Econanic Developnent. DNLS:las Attachments . . . . �� �,�� � ����,�,/�, �4�d NUTICE OF PUBI�IC l�EARING ON APPLICATION FOR RECLASSIFICATION OF PROPERTY FOR TAX PURPOSES . UNDER THE ENTERPftISE ZONE PROGftAM Puncuant to Minnesota Statutes 1988, Section i69.17U Sulxlivision 2 and to provision ut the Prugram For City of Saint Paul Rivertront Enterprise Zone NOTICE IS HEREBY GIVEN THRT A PUHLIC HEARING will be held before the Council o[the City ot Saint Paul in the Counci! Chambers, third tloor City Hall, 15 West Kellogg Houleverd, Saint Paul, Minnesotn on Thursday,the 18th day ot October,1890, at 9:00 a.m.,or an soo ei�ea er as t e matler mey heard, upon the Applicqtion of'Bay West, Inc., S Empire Drlve, Saint Pau1, �Minnesota, for reclassification oI certain real proyerty located ln the Sai�t Paul Rlvertront Enlerprlse 2one, Ramsey Coun(y,Minnesota,as employment property and for assessment of said property as provided tor class'3b � property in Minnesota Stetutes 1988, Section 273.13 Subdivision 24,Paragraph(b►for taxes levied in 1991 and tor four succeeding yeats thereafter. , AT SAID PUSLIC HEARING the Cily Councll will consider whether to approve the.said Application ' upon findings as required by Minnesota Statutes 1988, Section 469.170 SubdivisIon 2. At satd head�g, the Applicanl, the Ramsey County Assessor,-., representatives ot affected taxing authorities and any taxpayer ot the munlcipality or representative ot any ' community organizatton wlll have opportunity to be heard or may present their views ln wrlting at or before the Hearing. + Copies of the Appllcation, the mport ot the Port ' Authority ot the Clty of Salnt Peul and lhe propoted ' Pert[cipation Agreement between the AppUcan!and.' the Clty may be lnspected et the offices ot the C1ty Clerk or the Port Authorlty of thc Clty of Salnt Paul during normel buclnea�hpurs,end written commeqtr may be delivered or metled c/o Glty Clerk.Room 388. City Hall,lS West Kellogg Houlevard,Salnt Paul.MN 55102,or c/o Fort Authorlty of the Clty ol SaL��Paul, 1900 I,andmark Towen, 315 St. Peter Strte�,Saint Paul,MN 55102.Telephone Inqulrles q�ay be made to bavld Stokes,224-5888. _ i ALBERT B.OI,SON,Clty Clerk ` (Sept.1S) ' �����ST. PAU4 I,B(iA4 L$DGBR►r►►►!