87-259 WHITE - CITV CLERK
PINK - FINANCE G I TY O F SA I NT PA U L Council /� �/
CANARV - DEPARTMENT File NO. ��-vw �
BLUE - MAVOR
City Attny/JTH Co�nc 'l Resolution 'p�
Presente By
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Referred To � � � � Committee: Date °Z � � y - ��—
Out of Committee By Date
RESOLVED, by the Council of the City of Saint Paul that the
Release And P rticipation Agreement between the City of Saint Paul,
Lowertown Red velopment Corporation, Chemical Bank, Mears Park
Central Limit d Partnership, Mears Park West Limited Partnership
and Mears Par East Limited Partnership respecting Galtier Plaza
Project in wh' ch Agreement, among other things , the City and
Lowertown rel ase the Limited Partnerships , their partners and
guarantors fr m personal liability under the City UDAG and Lower-
town Loan Agr ements and Mortgages ; Chemical assumesresponsibility
to operate th Project and to pay the City and Lowertown certain
specified amo nts in the event of sale of the Project; and the
City, Chemica and Lowertown agree upon tei-ms for the application
of the net pr ceeds of sale of the Project to the payment of their
respective lo ns , is hereby approved substantially in the form
presented to nd considered at this meeting or as the same may be
revised in ma ters not involving matters of substance in such
manner as the City Attorney shall approve, and, after approval by
the City Atto ney of the form of the Release And Participation
Agreement, th proper City officers are hereby authorized to execute
the said Agre ment on behalf of the City.
COUNC[LMEN Requested by Department of:
Yeas p�eW Nays �� �
Nicosia � (n Favor
Rettman
Scheibel
Sonnen � _ Against BY
Tedesco
Wilson --
MAR � " �987 Form Ap roved by City tto y
Adopted by Council: Date �
Certified Pass d by Council Sec etary BY �
By
Approv by Mavor: Date �MAR � 1 1987 Appro y Mayor for Sub si to Counc'
By _ — By
PUQ�I�HEO "i�=�i; 2 1 1
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SIGN NUMBER FOR ROUTING RDER Cli All Locations fo Si n�ature .
partment Director Z IOirector of Management%Mayor
Finance and Management Services Director - �City Clerk
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� Budget Di rector Geu���/r��.� .��e�d��
T City AttQrney � � �
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AT WILL BE ACHIEY�D BY KING ACTIpN ON THE ATTACHEDiMATE IALS? (Purpose/
T'� - �L G�.�.Z�un � - Rationale) :
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OST BENEFIT BUDGETARY D PERSONNE IMPACTS ANTICIP TED: TL� � vc.�9 �Zt�c�.�'"'` f
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f�lAYOR'S AFF1�E
�INANCING SOURCE AND BUDG T ACTIVITY NUMBER CHARGED OR CRED�TED: (Mayor's signa-
ture not re-
Total Amount of "Transa tion: quired if under
- $10,00Q)
Funding Source: �
Activity Number: ` • �
ATFACNMENTS List and Num er All Attachments :
�
[yERARTMENT REVIEW CITX ATTORNEY REVIEW
�,Yes No�" C�tuncil Re lution Required? .� ' Regalutfon Required? Yes No
+Yes �No Insurance quired? In�urance Sufficient? �Yes No
� Yes ✓No Insurance tached: '
(SEE •REVERSE SIDE FOR INSTRUCTION�) (
Revised 12/84 I
C.
� -. � . � Ci� .�'�?.��
, A04GITi0� , CITY OF SAINT PAUL
; ��;
OFFICE OF THE CITY ATTORNEY
�;m ="'�����° �� EDWARD P. STARR, CITY ATTORNEY
� 647 City Hall, Saint Paul, Minnesota 55102
;,,j��e�
612-298-5121
GEORGE LATIMER
MAYOR
February 13, 987
To : Davi Sprangers
From: Jim art���
Re: Galt er Plaza; Resolution Approving Release and
Part cipation Agreement
Per your requ st transmitted herewith is a City Council Resolution
approving and authorizing signature of the Release and Participation
Agreement .
Enc .
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� � CITY OF SAINT PgUL
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:iif I1.tII r .•� � ��IL�i �� Tg�i �► �.� CIDIIlY�L
. Cammittee �e�art -
_ - _ - �F:i�an�� l�ana�eme�t � Persannel Cammittee. � �
FEBRUARY 26, 1987
I. Approval of minu es from meeting held February 19, 1987. a roved
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2. Resolution autho izing payment of $25,000 to Lothar T. Williams and Eugene .
Williams out of ort Liability in full settlement of claim for damages (laid
over from Februa y 19, 1987). approved
3. Resolution autho izing proper city officials to execute an amendment to the
Consolidated Coo eration Agreement betw�een the city and the Public Housing
Agency for the p rpose of reducing the PILOT payment to benefit the low-income
housing program 'n Saint Paul. laid over to 3/5
4.. Re�olutto�ii suth fa�p,g the,; c�ty. �f Saint p�,� tq e�ter into an agreenoe�t with
. Ch�t�,.,.,�prik vf New York regar�ing:the GaIL�'�r"�`l�a�g ITI3AG �zc��ea��,.:> ���r�q'ved _.
5. Resolution amend'ng the 1987 budget and adding $24,200 to the Financing Plan
' and to-the Spend"ng Plan for Police=Training Fund. ""approved - - �
6. Resolution amend'ng the 1987 budget by adding $40,750 to the Financing Plan
and to the Spend"ng Plan for Police - �pecial Funds - to purchase cars,
motorcycles and ther equipment. approved
7. Resol.ution autho izing execution of a Joint Use Lease and Operating Agreement
between the cit and Independent School District 625 for recreational
� development (bu ding addition and sitework) at Hancock Elementary School.
a roved
8. Administrative der: ' . -
D-8301: Budget evision in Finance and Management Services - Special Revenue
Fund. discussed
9. Resolution amen ing the 1985-1986 Collective Bargaining Agreement between the
city of Saint P 1 and the Saint Paul Police Federation and adopting .a new
wage schedule g suant to comparable worth�studies. laid over to 3/12
C� �I-I- SEVEYTFi FLOOR Sr1INT PAUL,MINNESOT�5510�
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