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87-261 N�HITE - CITV CIERK PINK - FINANCE COUflCll / / C4NARV - DEPARTMENT G.ITY OF SAINT PAUL File NO• �� �`"/ BLUE - MAVOR City Attny/J H • . Council Resolution ii�-����-t a� i �- ,. Presented By ��%� - � Referr o Committee: Date Out of mmittee By Date WHEREAS , Shepard Park, Rockwood Place and Shet�ard Park Plaza, �artnerships hose partners or general partners are Stuart H. Nolan, Herber R. Goldenberg, Ronald L. Harris and Sheldon Stewart have submitte a Grant of Easement and Covenant to Improve, Maintain And Ouerate P rk Land (Agreement) whereby two tracts of land in the Shepard P rk develo�ment area are subjected to an easement for x�assive publi parlc use (park narcels) and with two other tracts of land (benefit ed parcels) owned by these partnershins subject to assessment fo maintenance; and WHEREAS , the partnerships covenant by the Agreement to improve and maintain he park parcels at the sole cost of the partnerships with the City authorized to cor.rect any default by the partnerships of this coven nt assessin� the cost thereof against the benefitted parcels ; and WHEREAS , _ rovision without cost to the City of areas for passive park recreatio in the Shepard Park development area will serve a need created i large part by the multi residence development of the area by the p tnerships and will satisfy the commitment made by the partnerships i obtaining development financing and assistance from the City and i s Housing and Redevelonment Authority; now therefore , be it RESOLVED y the Council of the City of Saint Paul that the acceptance of he Grant of Easement and Covenant to Improve , P�aintain And 0 erate Parlc Land affectin� the tracts of land des- cribed in Exhi it A hereto attached is hereby made and apnroved and the prouer city officers are authorized to execute the same on behalf of t e City. COUNCILMEN Requested by Department of: Yeas Nays �rew Nicosia - Rettman IR FBVOi Scheibel Sonnen __ AgBi[1St BY _, Tedesco Wilson Adopted by Council: Date MAR 5 — �87 Form Approved b City Attorn B �/ " Certified P•s• d by Council Secret ry Y gy, '� AR j i 1987 Approve b Vlavor: Da Approve by Ma r or bmission to Council . By _ ` '��� L�. PUBLISHED �E;�� � „ � �9 � � �: � . � � � � ��_��, � . ; , - EXHIBIT "�,�� Park Parcel No. 1 : . Lots 17 a d 18, C.W. Youngman' s Rearrangement of Block 2 , . Palisade ddition, according to the plat thereof filed in the of ice of the County Recorder, Ramsey County,� Minnesota. Park Parcel No. 2 : Lots 30, 1, and 32, Block 4, Youngman and Lamm' s � Addition St. Paul , according to the plat thereof filed in e office of the County Recorder, Ramsey - County, M' esota. : Benefitted Parc 1 No. 1: All of Blo k 11, Palisade Addition to Saint Paul together _ with the cated streets accruing thereto and exclusive of the Chi ago, Milwaukee,� St. Paul and Pacific Railroad Company Ri ht-of-k'ay. � : Benefitted Parc 1 No. 2: � • - � .� Lots 4 thr ugh 6, inclusive, and Lots 9 through 29, . . � ' - inclusive, Block 4, Youngman and Larnm' s Addition to� St. Paul a cording to the plat thereof filed in the , , office of he County Recorder, Ramsey County, Minnesota. j � ��y a�/ o P. .D 'DE PARTMENT - N. O s 2 O Glorta Bostrom „ , CONTACT � 3352 IPHONE 2 26 87 � 'DATf ��� e� � SI NU. ER FOR ROUTI�G RDER C1 i i A]1 Lacations for Si n ture : Department Director ; � Director of Management/Mayow � Finance and Management ervices Dtirector � �5 ty Clerk � get. Director , ��" Councilman Orew City Attorney WHAT WILL BE ACHIEVED BY T ING ACTIO ON THE ATTACHED MATER �ALS? (Purpose/ ' Rationale) : Council Reso�ution €or t e ShepardiPark development area that will accept a Grant of Easement and covenant to improve, maintain, and oper�te pa k land. As part of the overall Shepard Park dev lopment pllan, developer Stuart No�an agreed to designate a portion of the area as p rk land. The area �has been developed. . OST BENEFIT BUOGETARY AN PERSONNEL; IMPACTS ANTICIPATED: RECEIVEp None ' , FEg � � ,��� . MAYOR'S A��1�� ( FINANCING SOURCE AND BUDGET ACTIVITY �I ER CHARGED OR CREDITED: (Mayor's signa- � ture not re- Total Amount of 'Transact on; N�p quired if under � �10,000) . Funding Source: N/A:,` � Activity Number: N/A • _ ATTACHMENTS List and Numbe All Atta�hments : � 1 . _ Council ;�esolution ' _ DEPARTMENT REVIEW CITX �ITTORNEY REYIEW Yes No Council Resol tion Required? '�R�sai�tion Required? Yes No Yes No Insurance Req ired? Insur�ince Sufficient? Yes No Yes No Insurance Att ched: (S E •REVERSE SIOE FOR INSTItUCTIONS) . , Revised 12/84 P Nt� - �NA CE RK � GITY OF SAINT �ALTL Council �J /�/ �7 CANARV - DEPARTMENT File NO. V �-�"� ` BLUE - MAYOR City Attny/JTH Council Resolution F� /J, Presented B �/�� Y Referred o Committee: Date Out of Committee By Date WHEREAS , n February 22 , 1977 , by Resolution Council File No . 268597 , the Ci y Council approved a Redevelo�ment Plan for She�ard Park [dest and etermined necessity to grant a uartial tax exemption to Shenard Par Plaza under the redevelopment comnany provisions of the Housing an Redevelopment Act Minn. Stat . Section 462 . 651 Subd. 1 for a eriod of twenty-five years to undertake construction and operation f a 101 unit rental housing nroject as the first nhase of devel nment in the Shenard Park area (Project) ; and WHEREAS , n November 1 , 1977 , by Resolution Council File No . 270009, the Ci y Council avproved and consented to a Redevelopment Contract betwe n Shenard Dark Plaza as redeveloner and the �?ousing and Redevelomm �t Authorit;� of the City of Saint Paul Minnesota (HRA) cover th terms and conditions of the develonment and o�er- ation of the P rk Plaza Project during the continuation of the vartial tax ex mntion and ratified the grant of the partial tax exemption; and � WHEREAS , he Redeveloner has requested termination of the nartial tax ex mntion and restriction u�on return on equity ijztr�sc- ment to the me bers of the Shepard Park Plaza nartnershin , and it anoearing tizat the P.edeveloper has performed its obli�ations ���.�?.�r t?Ze Redevelomm �t Contract, and that there are no funds in tl�� �artnership af er payment of onerating expenses , authorized return5 on equity and ebt service and maintenance reserves to remit to the City under the terms of the Redevelonment Contract ; and ?aHEREAS , it further annears that tne City has accomr�lished its objectives in r develoning the Shepard Park ��]est area and that the Dartial tax exe »tion is no longer required for the successful oneration of th. y Pro j ect; and COUNCILMEIY Requested by Department of: Yeas p�eW Nays `�� N"os'a [n Favor � Rettma� Scheibel son�e� __ Against BY Tedesco Wilson Adopted by Council: Date Form Approv y City Attor e Certified Passed by Council Secreta BY � sy- Approved by Mavor: Date Approved May r r Subm ion to Council sy _ _ �