88-509 WHITE - CITV CLERK
PIN1� - FINANCE COUnCll
BI.UERV - MAVORTMENT GITY O. SAINT PALTL File NO. � ���
Counc 'l Re olution
. � � ��
Presented By ��-t � � ___
Referred To Committee: Date
Out of Committee By Date
RESOLUTION OF THE C TY OF SAINT PAUL AUTHORIZING
THE EXECUTION OF CE TAIN DOCUMENTS IN CONNECTION
WITH THE SAINT PAUL NE GHBORHOOD REDEVELOPMENT PROJECT
WHEREAS, pursuant to Mi nesota Statutes, Section 469 .001
through 469 . 047 , as amended the "Act" ) The Housing and Redevelopment
Authority of the City of Sai t Paul, Minnesota (the "Authority" ) ,
has undertaken the Saint Pau Neighborhood Redevelopment Project
Area (the "Project" ) and has adopted a Development Program therefor
(the "Development Program" ) ;
WHEREAS, the purposes o the Project and Development Program
are (a) to develop or redeve op sites, lands and areas within
the City; and (b) to underta e and finance these actions as one
project utilizing tax increm nt financing;
WHEREAS, the Authority as, pursuant to the Development Program
and the provisions of Minnes ta Statutes, Sections 469 . 001 to
469 . 047 , as amended (the "Ta Increment Act" ) , created a tax increment
financing district within th area comprising the Project (the
"Tax Increment District" ) an has adopted a tax increment financing
plan therefor (the "Tax Incr ment Plan" ) ;
WHEREAS, the Tax Increm nt Plan authorizes certain expenditures
to finance certain public re evelopment costs within the Project
area, including but not limi ed to, land acquisition, relocation,
site preparation, demolition utilities, construction of a parking
ramp (the "Parking Ramp" ) an other public improvements (collectively,
the "Public Redevelopment Co ts" ) and the issuance of taxable
tax increment bonds (the "Bo ds" ) to finance the same;
COUNCIL MEMBERS Requested by Department of:
Yeas Nays
Dimond
c.ong in Fa or
coswitz
Rettman B
sche;be� _ A gai n t y
Sonnen
Wilson
Form Approved by City At om
Adopted by Council: Date �
Certified Yassed by Council Secretary BY
Bs,
Approved by Mavor: Date Appro by Mayor for Subm' i to`Council
By B
, � ����
WHEREAS, to facilitate e issuance of and provide security
for the Bonds, the City of Saint Paul, Minnesota (the "City" )
is willing to lease from the uthority the land and improvements
constituting the Parking Ram and to pay rent in an amount sufficient
to make certain debt service ayments on the Bonds to the extent
tax increments and other iden ified revenues are insufficient;
NOW THEREFORE BE IT RESO VED by the City Council of the City
of Saint Paul, Minnesota, as ollows :
1 . A form of Lease Agre ment dated as of March l, 1988 between
the Authority and the City pu suant to which the Parking Ramp
to be constructed with a port'on of the proceeds of the Bonds
will be leased to the City (t e "Lease" ) has been submitted to
the City for approval.
2 . The Lease in the for submitted to the City at this meeting,
is hereby approved. The Leas is hereby authorized and directed
to be executed and delivered 'n the name of and on behalf of the
City by its Mayor, Clerk, Dir ctor, Department of Finance and
Management Services . Copies f all the documents necessary for
the consummation of the trans ctions described herein and in the
Lease shall be delivered, fil d and recorded as provided herein
and in the Lease.
3 . The form and terms o the Lease may be varied prior to
execution and delivery by the parties thereto, provided that any
such variance shall not be, i the opinion of counsel to the City,
materially adverse to the int rests of the City. The execution
and delivery of the Lease sha 1 be conclusive evidence of the
determination that any such v riance was not materially adverse
to the interests of the City.
4 . The performance of a 1 covenants and agreements of the
City contained in the Lease a d this Resolution are authorized
by the Act, the Tax Increment Act and this Resolution.
5 . All actions of the m mbers, employees and staff of the
City heretofore taken in furt erance of the Project are hereby
approved, ratified and confir ed.
6 . The Mayor and City C erk and other officers of the City
are authorized and directed t prepare and furnish certified copies
of all proceedings and record of the City relating to the Lease
and such other affidavits and certificates as may be required
to show the facts relating to the legality of the Lease as such
facts appear from the books a d records in said officers ' custody
and control or as otherwise k own to them; and all such certified
copies, certificates and affi avits, including any heretofore
furnished, shall constitute r presentations of the City as to
the truth of all statements m de by the City and contained therein.
WHITE - UTY CLERK .
PI/�K - FINANCE GITY O SAINT PAUL Council �_�1r
CANARV -LIEPARTMENT ���/(/J/y/
BLUE - MAVOR File NO. � `r '
Coun 'l Resolution
..
Presented By �t
Referred To Committee: Date
Out of Committee By Date
7 . If any provision of this Resolution shall be held or
deemed to be or shall, in fa t, be inoperative or unenforceable
as applied in any particular case in any jurisdiction or jurisdictions
or in all jurisdictions or i all cases because it conflicts with
any provisions of any consti ution or statute or rule or public
policy, or for any other rea on, such circumstances shall not
have the effect of rendering the provision in question inoperative
or unenforceable in any othe case or circumstance, or of rendering
any other provision or provi ions herein contained invalid, inoperative
or unenforceable to any exte t whatsoever and shall not affect
the remaining portions of th' s Resolution or any part thereof.
8. Except for the obli ations of the City under the Lease,
na provision, covenant nor a reement contained in this ResoZution
shall give rise to or impose upon the City or the Authority or
any of its officers, employe s or agents any pecuniary liabi.lity.
9. In the event any of the officers of the City authorized
to execute documents on beha f of the City under this resolution
shall for any reason be unab e to do so, any member of the City,
ar any other officer of the' ity, is hereby directed and authorized
to do so on behalf of the.Ci y, with the same effect as if executed
by the officer authorized to do so in this resolution.
10. This Resolution sha 1 take etfect immediately. �
COUNCIL MEMBERS �j�
Yeas Nays � Requested by Department of �` `! 1
Dimond 'l `�
��g In Fav r ; �
Goswitz � /
Rettman --
s�he;be� Against BY
Sonnen
�9air
APR 1 ? 1988 Form Appro d by City Attorne
Adopted by Council: Date /%
Certified Pass d uncil Se ary BY `�
Bl, '�:�a
Appr by Mavor: at, � Approv by Mayor for Sub is 'of�to Council
B
Pi���i��ED �+P R, `? �� 1988
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�� �� . 111.° �11510 ,
PED � DgPAtt�t�'r . - - - - - -
Gloria Bostrom/Oave Gantal^ek CpNTACT N
� �� 3 • PHONE
� - - DbTE
ASSIGN �QMB$�,FOR ROUTIN (See evarse aide.)
� Department Director Mayor (or Assistant) ,k`����
_ Finance and l�anageraent �rvices Dir ctor City Glerk � �3�'�—
� Budget Director � Warrpn Hansp�;�'
3 City A�torney _
TOTAL DIUMBER QF SIGNATURE PAGES: Clip all locations for si�gnature.)
W V 0 t (Purpose/Rationale)
;
Taxable Tax �ncrement Bond closing doc ment for the Spruce Tree Centre project.
Resoiution authorizing the execution the Lease for the public ramp at
Snel1ing and University.
G Y AN E C A
` DTD: � �
(Mayor's signature not required if itnde $10,000.)
Total Amoutit of Trans�ction: Activity Number:
Funding Source:
Taxabl�< Tax Increment Revenue Bonds
�TACHMENTS: (List and number all atta hments.)
Resolution for City Council Agenda.
AD1rIINISTRATIYE PROCEDURES
_Yes _No Rules, Regtilations, P ocedures, or Budget Amendment required?
Yes _No If yes, sre they. or t metable ,attached?
D�PARTMENT REVIEW CITY ATTORNEY BEVIEW
�Yes i�o Council resolution requ red? Resolution required? _Yes _No
_Yes No Insurance required? Insurance sufficient? �Yes _No
_Yes �,No Insurance attached?
HOiT TO IISB TH$ aREEN SHEET . . • ,
._ . .. .� _V F-+uH � . . �
The GREEN SHEET has three Pj�tPOSES: ,_
1. to assist in routing documents and in secur3� z�quired sigaa�ttres; .
2. to brief the revis�rers of documents on the impscts of approval;
3. to help ensure that necessary supporting matariais are prepared and, if required,
� attached.
. �
Providing complete information under the listed hea�ings enables revieMers to make
decisions on the documants and eliminates follow-up contacts that maq delaq execution.
Belo�r is the greferred ROU'fIN6 for the five most freauent tynes of docwnents:
CONTRACTS'.(assumes authorized 'budget exists)
1. Outside Agencq 4. Maqor
2. Initiating Department 5. Finance Director
3. City Attorneq 6. Financa Accounting
Note: If a CONTRACT amount is less than $10,000, the Mayor's signature �is not required,
if the department director signs. A contract must alaays be signed by the outside agency
before routing through City offices.
ADMINISTRATIVE ORDER (Budget Revision) ADMINISTRATIVE QRDEIj tall others)
.1. Activity Manager 1. Initiating Department
2. Department Accountant 2. Citq Attorney
3. Department Director 3. Mayor/Assistant
4. Budget Director 4. City Clerk
5. City Clerk
6. Chief Accountant, Finance and Ztanagement Services
COUNCIL R�SOLUTION (Budgat Amendment/Grant Acceptance) COtTNCIL RBSOLIITION (all others) �
1. Department Director 1. Department Director `
' 2. Budget Director , 2. City Attorney
3. City Attorney 3. Mayor/Assistant
4. Mayor/Assistant 4. City Clerk
5. Chair, Finance, Mgmt. , and Pers. Cte. 5. City Council
6. City Clerk �
7. City Council
8. Chief Accountant, Finance and Management Services
The COST/BENEFIT. BUDG�TARY. AND PERSONNEL IMPACTS heading provides apa�e to euplain the
cost/benefit aspects of the decision. Costs and benefits relate both to City budget
(General Fund and/or Special Funds) and to broader fi�ancial impacts (cost to users,
homeo�rners, or other groups affected by the action).. The personnel impact is a description
of change or shift of Full-Time Equivalent (FTE) positions.
The �iDMINISTRATIVE PROCEDt1RES section must be completed to indicate ahether additional
administrative procedures, including rules, regulations, or resource proposals are
necessary for implementatipn of a� ordinance or resolution. If yes, the procedures or a
t�metable for the completion of procedures must be attached.
SUPPORTING 1�ATERIALS. In the gTTACHl�IENTS section. identify all attachnents. If the Green �
Sheet is well done, .no letter of transmittal need be included (unless signing such a let.ter
is one of the requested actions).
Note: If an agreement requires evidence of insurance/co-insurance, a Certificate of
Insurance should be one of the attachments at�time of routing.
Note: Actions which' require City Council resolutions include contractual relations'hips
with othe� governmental units; collective bargaining contracts; purchase, sale, or lease of
land; issuance of bonds by City; eminent dosnain; assumption of liability b3► City, or
granting by �City of indemnificatian; agreements with state or federal governmeat under
which they are providing �unding; budget amendments.
,�
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CI OF SAINT PAUL
INTERDEPAR MENTAL MEMORANDUM
T0: Kiki Sonnen
FROM: David Gontarek � �
�" . _._
DATE: April 11, 1988
SUBJECT: Spruce Tree Centre, Cou cil Resolution for 4-12-88
A needed change in the City Counc'1 Resolution was requested by the attorney's
regarding the Spruce Tree Centre roject. The change is add:
"Except for the obligation of the City under the Lease,"
to the beginning of #8 of the Res lution (see attached) .
This change is necessary for clos'ng and the Resolution will be needed to be
amended on Tuesday. After this a tion (the last action needed for Spruce
Tree) the bonds will be sold.
If you have any questions or conc rns, please call me at 3323.
Thank you.
DG:jw
Attachment