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87-1613 riHITE - CITY CIERK COUi1C11 T AIKK_ - FIIi�.NCE G I TY O F SA I NT PA LT L ��Z ��/� � ('jANARV - DEPARTMENT BLy�E -MAYOR File �0. Citu. Att�.y/JTH Ouncil Resolution , Presented B �'��71t �`!'._�V Y Referred To Committee: Date Out of Committee By Date RESOLUTION RELATING TO THE RIVERFRONT REDEVELOPMENT PROJECT ARc.A AND DEVELOPMENT DISTRICT, APPROVING TH� REDEVELOPMENT PLAN AND DEVELOPr'iENT PROGP.AM, AND APPROVIrIG ADOPTION AND C�.EATION OF A TAX INCREMENT PLAN E1ND DISTRICT WIT�-IIN AND FOR SAID REDEVELOPMENT AREA AND DEVELOPMENT DISTRICT WHEREAS , the City Council (the "Council") of the City of Saint Paul, T�innesota (the "City") , has the statutory responsibil�ty under s�Iinnesota Statutes , Section 469 .024 to approve a redevelopment plan proposed by a Housing and Redevelopment Authority, and under Sections 469 . 124 through 469 . 134 and Sections 469 . 174 through 469 . 179 to adopt a development program and to ap�arove and adopt a tax increment financing plan within the City, in each case after public hearing thereon; and �,THER�AS , the City proposes to undertake, in cooperation with the I�ousing and P.edevelopment Authority of the City of Saint Paul , rlinnesota (the "HRA") under a Joint Powers A;reement, the Riverfront Redevelonment Project and Develovment District (the "Project") pur- � suant to the P.edevelopment Plan and Development Program for the Project (the "Redevelopment Plan") and to iinance the Project under- taking tl-�rou;h the creation of the Riverfront Tax Increment Financing District (the "�istrict") pursuant to the Tax Increment Financing Plan For the District (the "Tax Increment Financing Plan") ; and GJHEREAS , there has been �resented the Council in connection with the proposed Project and t�istrict the following documents : COUNCILMEN Reque'sted by Department of: Yeas Nays Plannin and Ec omic Dev o ent [n Favor Against BY `��`"�� Form Appr ved by Cit tt ey Adopted by Council: Date - (/ Certified Yassed by Council Secretary By � � �2 a By Approved by INavor: Date Approve by Mayor Eor Submission tot�ouncil By B . : l'����-��,_=� -2- 1 . The Redevelopment Plan; 2. The Tax Increment Financing Plan; 3 . The Saint Paul Riverfron.t Pre-Development Plan and Pre-Development Plan Summary prepared by the Downtown Riverfront Commission; 4. The Saint Paul Planning Commission Report to the P•layor and City Council : Review of Riverfront Plans including the written oPinion of the Planning Commission on the Redevelopment Plan; 5 . As a part of the Redevelopment Plan, a statement of the method proposed for financing the Project and a statement respecting displacement and temporary relocation resources for persons and businesses displaced by the Project undertaking; b . As a part of the Tax Increment Financing Plan a statement of reasons and supporting facts for determination that the District meets the requirements of a redevelopment district under Minnesota Statutes Section 469 . 174 Subdivision 10 ; and 7 . The resolution of the HRA approving the Redevelopment and Tax Increment Financing Plans ; and j�iEREAS , the Pre-Development Plan, P�edevelopment Plan and Tax Increment Financing Plan submitted contain an identification of need and statement of objectives and program of the City and HRA for carrying out of a redevelopment �roject and development district undertaking �n the Project District, including property ta be acquired, public improvements and facilities including open space to be provided, land use controls including pronosed reuse of private land to be employed, proPerty disposition to occur and other redevelopment project activities and operations ; and the Tax In.crement Financing Plan contains estimates of the public redevelopment cost of the project and District , including administrative expenses , amount of bonded indebtedness to be incurred, sources of revenue to pay said bonds and other public redevelopment costs , the most recent assessed value of taxable property within the District, the estimated captured •assessed value of the District at completion, and the duration of the District' s existence; and • ' �.�� �l��.3 -3- WHEREAS, the City and HRA have provided an opportunity to members of the Ramsey County Board and Independent School District No. 625 to meet with the City and HRA and have presented the Board members of said County and School District their estimate of the fiscal and economic implications of the proposed tax increment financing district; and WHEREAS, the Saint Paul Planning Commission has reviewed the said Redevelopment Plan and Tax Increment Financing Plan and approved the same as being in conformity with the Saint Pual Comprehensive Plan, as amended, the general plan for the development of the municipality as a whole; and WHEREAS, the City Council conducted a public hearing upon the Tax Increment Financing Plan, in conjunction with a public hearing upon the Redevelopment Plan, all after published notice of a hearing on both such plans in the Saint Paul Pioneer Press and Dispatch and Legal Ledger, and in accordance with statutory notice requirements. Affidavits of publication are on file with the office of the City Clerk. WHEREAS, at said public hearing the City Council heard testimony from all interested parties appearing on the approval of the amended Redevelopment Plan and Project proposed, on the creation of the District and on the Tax Increment Financing Plan; and WHEREAS, the Council has considered the finding and determinations of the Saint Paul Planning Commission and the HRA, respecting said Project, District, Redevelopment Plan and Tax Increment Financing Plan, and additional reasons and supporting facts recited herein and in the Pre-Development, Development and Tax Increment Financing Plans; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Saint Paul, Minnesota, having reviewed and considered the documents submitted and the recitals, representations and provisions contained therein, and having weighed and considered testimony presented at the public hearing together with evidence developed in connection with the Council consideration and adoption of Comprehensive Plan and Zoning Code amendments respecting the Project, as follows: 1. It is hereby found, determined and declared: � � f;�-- �-7 i��� -4- A. That the undertakings and area of the Project , as described in the Redevelopment Plan, constitute a "redevelopment project" within the meaning of Minnesota Statutes , Section 469. 002 , Subdivision 14; B. That the land in the Project area would not be made available for redevelopment without the financial aid to be sought; C. That the Redevelopment Plan for the Project will afford maximum opportunity, consistent with the sound needs of the locality as a �ahole, for the redevelopment of such Project area by private enterprise; and D. That the RedeveloPment Plan conforms to the Saint Paul Comprehensive Plan, the general plan for the development of the locality as a whole, as the same has been amended upon Pl.anning Commission recommendation by Council action. 2 . It is hereby f_ound, determined and declared: A. That the desi�nation of the area of the Project described in the Redevelopment Plan as a "development district" within the meaning of Minnesota Statutes Section 469 . 125 Subdivision 9 will provide new development onportunity in a built up area of the City and will provide employment opportunities thereby improving the municipal tax base and strengthening the general economy of the City and State ; B. That consultations respecting the Project �rogram and proposed desi�nation of the Project area as a development district have been held with the Saint Paul Planning Commission and with the Saint Paul Downtown Riverfront Commission as the advisory board for the Project ; . � � , � ���---��.�����.� -5- C. That feasible means exists to provide temporary relocation of displacees in accordance with the requirements of the requirements of law; D. That the City hereby designates the area of the Project described in the Redevelopment Flan as a development district numbered and styled as Riverfront Developrnent District (Development District Number 4) . 3. It is hereby found, determined and declared for the reasons and upon the supporting facts set more fully in the HRA Resolution and the Tax Increment Financing Plan, �ahich Resolution and Plan are h.ereby incorporated and made a part hereof: A. That the District constitutes a "redevelopment district" within the meaning of rlinnesota Statutes , Section 469 . 174, Subdivision 10 , and that the District taill result in the removal of conditions of blight and sub- standardness ; B. That the development or redevelopment proposed in the Tax Increment Financing Plan, including particularly, but without limitation the Project , would not in the opinion of the City reasonably be expected to occur solely through private investment within the reasonably foreseeable future withouttfie public financial and other gublic assistance proposed, that �he usual sources of nublic revenue are not adequate to provide the�� required level of such public assistance and that , therefore, the use of tax increment financing as proposed in the Tax Increment Financing Plan is necessary; and that private investment along will not put the properties in the District acquired by the HRA to more productive use in the reasonaUly fore- seeable future ; C. That the Tax Increment Financing Plan conforms to the Saint Paul Comprehensive Plan which is the general plan for the develo�ment of the `J�c, �r r� ,� _k? . ,�r1�=r ,� ,�� -6- municipality as a whole; as the same has been amended upon Planning Commission recommendation by Council action; D. That the Tax Increment Financing Plan will afford maximum opportunity, consistent with the sound needs of the municipality as a whole, for the development or redevelopment of the Redevelopment Area and District by private enterprise; and that the assistance provided pursuant to the Tax Increment Financing Plan is a necessary and desirable encouragement of private development; and E. That the City elects the method of tax increment computation set forth in Minnesota Statutes Section 469 . 17 , Subdivision 3 , Clause (a) ; and that this election is consistent with the needs of the financing for the initial District and past practices of the City. 4. The Redevelopment and Tax Increment Financing Plans and the Project and District thereby created are each hereby approved and the HRA is hereby authorized to undertake and administer said Project and District in accordance with the Redevelopment Plan and Tax Increment Financing Plan and in accordance with the provisions of Resolution, Council File No . 275II52 , adopted October 23, 1980 . 5 . The HR.A is authorized to file two copies of the Tax Increment Financing Plan with the Commissioner of the Department of Trade and Economic Development of the State of Minnesota. 6 . The HRA is hereby authorized to file copies of the Tax Increment Financing Plan and this Resolution with the Ramsey County Department of Taxation and Records WHITE - CI;V Cl_ERK bINK• -'FINANCE COU/�C1I J CANARV - OEPARTMENT CITY OF SAINT PALTL (� 3 BL'-UE - -'MAVbR . Flle NO. �`/r� 1 � � Council Resolution Presented By Referred_To Committee: Date Out of Committee By Date -7- Adr:linistration and Ramsey County Auditor with its request for certification of the original assessed valuation of the District. COUIVCILMEN Requested by Department of: Yeas�yt. Nays NiCOSia Plannin and onomic Develo ment Rettmari [n Favor Scheibel � By So��n _ Against Weida V�ilsOri NOV , 0 1987 Form Approved by City Attorney Adopted by Council: Date � � Certified Pass b ouncil Secr ry By �' �0 ZZ �� sy- A►ppro y Mavor: Date ��� F' L'� �� Approve by Mayor for Submis � to CoW[cil By PUB�.iSt� �Y J'd 2 1 1987 ���-a�"�.1T° 063�5 � _ • PARTM�NT ' • _ _ � ;,��.,, .,a�ic k `�gee�cs�t,: „�_, CONTACT f� - 3211 � FHONE 10/22/87 DATE ��� �r � . SIGN N R FOR ROUTING ORDER Cli All Locations for.Si ature : Depar��ent Ufre�tor � Qfrectar of Management/Mayor � Finance and Management Services Director � ,,,5 City Clerk � / �•��j Budget; Director � �a�iVGI�M,On��C.f�G/�C�JL.� �C i ty Attorney yHAT WILL BE ACHIEVED BY TA�CING ACTION (N! TME ATTACHED MATERIRLS7 (Purpose/ Rationale) : An implementation structure .within which the Riverfront area can `be redeveloped will be created as a result of approval of attached Tax Increment Financing and Redevelopment Plans. It is a necessary prerequisite of tax increment bonding activity and other public development activities along the Riverfron . _ '1 )�� l�l � � C�OST/BENEFIT, BUOGETAI�Y AND PERSONNEL IMPACTS ANTICIPATED: r No direct impact ox� the City's �eneral operating funds will be felt as a result of this approval. Property taxes currently being generated in the distract will continue to be paid to the taxing jurisdictions. A higher tax base will t,�e ayailable for distribution to the City upon expiration of the dist rict. - FINANCING SOURCE AND BUDGET ACTIVITY NI�BER CHARGED OR CREDZTED: (Mayor's signa- ture not re- Total Amount of 'Transaction: � ��``�._ quired if under N/A - �10,00Q) Fundi�g S.ource: _ � Activity Number: • ATTACHI�NTS (Li st and Number Al l AttacF�aents) : � � 1) City Council Resolution � R 2) Tax I.ncrement F�tnancing Plan _ 3) Redevelopment Plan and Development Program ae�, '2 l� �7j . ��VCIN.MAN . '�� SCNE � DEPARTMENT REVIEW CITY ATi'ORNEY REYI�41 �CYes No Council Resolution Required? , ' Resolutlon Re�uired? � Yes No Yes No Insurance Required? Insurance 5ufficien�? �Yes No Yes No ihsurance Attached: (SEE •REVERSE SIDE FOR INISTRUCTIONS) _ � � Revised 12/84 �'� �� ,�,�; ;� ; ;� -6- ,% i / municipality as a tehole; as the �ame has been amended upon Planning Commissio�i recommendation by Council action; , � D. That the Tax Increment Financ�`ing Plan �aill afford maximum opportunity, consist�nt with the sound needs of the municipality a a whole , for the development or redevelonmen/� of the P.edevelopment Area and District by priva e enterprise; and that the assistance provi ed pursuant to the Tax Increment Financing Plan s a necessary and desirable encouragement f private development; and E. That the City elects t method of tax increment computation set forth n Minnesota Statutes Section 469 . 17 , Subdivision 3 , Clause (a) ; and that this elect�on is consisten with the needs of the financing for the ini ial District and past practices of the Cit . 4. The Redevelopment and T x Increment Financing Plans and the Project and Distric thereby created are each hereby approved and the HRA is hereby authorized to undertake and administer said Pr ject and District in accordance with the Redevelopment Plan and Tax Increment Financing Plan and in accordanc with the Joint Powers A�reement between the City and RA respecting the Project and District . 5 . The HRA is authorize to file two copies of the Tax Increment Financing lan with the Commissioner of the Department of Trade and Economic Development of the State of Minnesota. � 6 . The HRA is hereby a thorized to file copies of the Tax Increment Fin.a cing Plan and this Resolution with the Ramsey County epartment of Taxation and Records � � �- �� �3 RIVERFRONT PLAN REVIEW & ADOPTION SCHEDULE November 4: City Council conducts a final public hearing and discussion of the Comprehensive Plan/Zoning amendments (approving them with whatever changes are recommended) ; November 4 (after City Council Meeting) : HRA reviews and approves the Riverfront Redevelopment Plan and Tax Increment Financing Plan, subject to City Council approval of same; November 10: City Council conducts a public hearing and approves HRA's Riverfront Redevelopment Plan and Tax Increment Financing Plan. � � � i � � � z � � F, - rI I� I� fi � W � 1 z �� nA . o � �` �� � � � � � � z $� � � w � a �-- Q �� � � _ = o � � �� � �. � � � � m — � � € � � � � �' � � � � � �� � � � � � � �'° � �,« � �� }� � � � � � � ' � � � � � � � � � � � � � \ � � � � � Vf N t C Q O +� L C. 1 e� � O I +� v� C � C C L O � r0 � +� C N O (� O C. +� 7 N 3 � d •r .0 U •r L N GJ C > U N � N d S- Q� C 7 � N �6 O U i� t �O � •r � 1] � N � L � C i. +� L > N •� ,1-� N r0 d Q � � O � � •r � N � fC L � r 'p d � a..t � 'O QJ N r �1 i� +� •� � •r d +� C .0 'O C � C C �F- 7 7 N +� � � �6 S.. +� G N L In � Vf �f � O .0 N +� r � L � O N .G � � +� r •r C. tF O 4- C. �F- N L +� r- •r � O t L O U � C � a. � � � •r � � � r N U t O N d •� � +� .0 C. +> > > N C � +� L � � � � C �O C O •r 9 O N L. 4- C. 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N C � O t � Y .- N � •� U +� � � � +� C N U � •r i VI � L � C •� V � C) 'C G! R1 •� > r6 i � � �O N t •r � •r � .0 Y +� � U � N � L t U 4- � � N i � c� �O +� � � � +�+ O +� � N i 4- � C 41 O •r fO � � d L U C � •r � � rts O N � � � 3 � Q cn N +� •r r-� �n N L N O O O O 7 O M n U � � � � � � � � � � � � � � � 0 0 0 < D O� N 'p Z � Z � N �. -r � c� a o -s o c� ro m � fl. -s -s o c+ f � � ru � � B e. < N 'Q � fD �� fD N N -+• pr -+ � � c/� c'F fD f� -ff 'S 07 fD tG �• S �+ 'S fD 'S 7r c+ a G. fD —� < 0 J. Q V � (p {/f �� ("F � � O � 'C O l'1 O rF � Q �• N � �S N � t"Y S � C c'r W 7r fD Z � fD O � � 0+ � J• 'S O (D c�r fD � � < O+ Q N < W a � �G fD d � —• n+ a v� w C N 'S � tn 'S AJ f'h Q -i� S a �• r+ 7r � O o. A+ '-h O • � � �• a (D V� N C �• C � Q < S �J � n � � � � � a � � � 0 � �/ c � c a o+ -++ o cn o v� � � o. m -/�� rr G � � � � �' � �V � c� Q+ �n a � a m • o+ � cn �+ r� V d d <"f N � O c'�' F-+ fD t/� S S � fD � � f� 'S O C n c a o c � -s r+ o� J c'h �• (G C- rh N fD fD � � �. �. (p � tG O fi O C. Q Z � C 'S � (D O f� N c�F O N � C -+• -� �+ � Ph � W A� �S �+ ct O J. a J � -�• � �1 A+ �+ G. � (D � -+ Z Ai N SL rh -+• "S f� O tn r►' �' Gr fD !0 W "h C fD (D � N O+ � Q � a fD N 1 (� O N �. O W V7 O O "h �" 'S c�r -h O c+ '-►� fD Z -h � C O fD A+ fD (D �• �- -� fD fD 'S A lD G. � c'r N e'+ f� fD J� 3 V J• � Q � � � 0 � �.1. J. � J. � � Q/ � � {n � �J � � � � �• T �. d Oi C � � N �• 'Y N �• O m -� c a ru <-r c� < J (D J A� � (rt J. J• � J � J• • Q � o w a ru � � a � � a � � � � a � �, rr D c � -s �U -s N < fL pi fp N O m rr c� a ru � o � c� c� v� � c -� c+ fD �G E O ~ � - � � � .� . �' � TAX INCREMFNT FINANCING PLAN � FOR RIVERFRc�NT '.I'AX INCREMENT FINANCING DISTRICT (REDEVELOPMENT DISTRICT �2INNESOTA STATUTES, SECTION 469 . 174 SUBDIVISION 10) 5AINT PAUL, MINNESOTA OF THE HOUSING AND REDEVELOPMENT AUTHORITY (HRA) OF THE Cr'I'Y OF SAINT PAUL, MINNESOTA AND OF THE CTTY OF SA:LNT PAUL, MINNESOTA A��proved by i:h� HRA: , 1987 � Approved by the City of Saint Paul : _ __, 1987 TABLE OF CONTENTS PAGE A. Introduction - Identification of Need 1 B. St�tement of Objective 4 � C. De�telopment Program 6 D. Description of Tax Increment District Property 9 E. Development Activities under Contract 13 F. Expected Development Activities �\ 13 G. Cost of the Project 16 H. Bonding Indebtedness to be Incurred 16 I. Revenue to Finance Public Cost 16 J. Assessed Value of Property 17 K. Estimated Captured Assessed Value 17 L. Duration of District 18 M. Fiscal Impact on Other Taxing Jurisdictions 18 N. Reasons and Supportive Facts for Determinations 18 Appendix 1: Tax Increment Financing District and Redevelopment Plan Area Map � TAX INCREMENT FINANCING PLAN A. INTRODUCTION - IDENTIr'ICATION OF NEED The HRA Board, and the Council of the City of Saint Paul (the "City") , have determin�d that a need exists to establish a Riverfront Tax Increme t Financing District within the boundaries of the Saint, Paul downtown Riverfront Redevelopment Project Area and Development District for which a Redevelopment Plan and Development Program have been adopted. The Project Area and Development District are bounded generally by the Lafayette Bridge, Alabama Street, State Street, Fillmore Avenue, Robert Street, Chicago Northwestern Railway Company tracks, Plato Boulevard, Wabasha � Street, Nagasaki Street, the new High Bridge, Wilkin Street, ', Soo Line Railroad Company tracks, Chestnut Street, Exchange Street, Walnut Street, West Seventh Street, Kellogg Boulevard, Wall Street and Broadway Street. Specific boundaries are outlined on Appendix 1, attached hereto and made a part hereof. The tax parcels included in the Tax Increment Financing District Plan are described by property identification number and address in Section D of this Plan. Every reference to Redevelopment Project, Redevelopment Project Area and Redevelopment Plan in this Plan shall include by this incorporation a reference to the Development District, Development District Area and Development Program. The Riverfront Tax Increment Financing District is a 215 acre area of land located in and near downtown Saint Paul, on the north and south shores of the Mississippi River; in addition, Navy Island is included in the District. For the past several decades, the prominence of the riverfront as a manufacturing and transportation center has declined. The city has developed away from the riverfront and toward the downtown core, as the importance of the port function has changed with technological advances and as the focus of the regional economy has changed from manufacturing to service. The present pattern of use and development reflects this economic transformation. The downtown river corridor is characterized by a lack of maintenance and new private investment as evidenced by the various vacant and underutilized pr.operties; functionally obsolete transportation networks and facilities; deteriorated and inefficient manufacturing plants; polluted and weak soil ; 1 , �`'.��_�,' �/c� and incompatible land uses. Many of the remaining private structures present barriers to the shoreline, and in some instances contribute to soil contamination that makes public use and enjoyment of the river difficult. Public facilities ; in the riverfront area are also in need of rebuilding, including an improved floodwall/levee. If left unattended, current pa terns of land use and economic attrition are likely to contin . New development will be hampered by poor soil condition , lack of infrastructure, fragmented property ownership, Gonflicting land uses and perhaps most importantly, a public perception of the area as one in decline. In 1985, the single most critical private investment decision was made in the riverfront area, when American Hoist & Derrick Company (AmHoist) abandoned its primary ,1 administrative, research and development, manufacturing and assembly facilities. These facilities are located in an unintegrated complex of twenty-one buildings, occupying over fifty acres that dominate the south shore of the river east of Wabasha Street to east of Robert Street. The buildings range in age from 9 - 87 years, with a weighted age of over 51 years. In abandoning the plant, AmHoist cited the deteriorated condition of the buildings and functional obsolescence of the entire plant and site as its primary reasons for relocating. Presently, almost all of the buildings are vacant, open to the weather elements, unmaintained, and deteriorated to a point requiring clearance and/or substantial rehabilitation. The Technical Sealants buildings, previously utilized for manufacturing purposes and adjacent to the AmHoist plant, is currently vacant and unprotected from the weather. The Union Oil tank farm, also near the AmHoist complex, is idle. The south side of the riverfront has abandoned and broken railroad trackage, which is symptomatic of the area' s decline in manufacturing and changing transportation preferences. The Chicago Northwestern Railway Company bridge connecting this trackage to the north side of the Mississippi River is unused at this time. On the north (downtown) side of the river, redevelopment efforts to revitalize the riverfront have been limited. In 1957, Shepard Road was constructed This single public works project completely changed the nature of the riverfront by introducing a major traffic artery that cut off the river from the rest of the city. In addition, it created new acces� for an eme�qing industria� urea cn the fringe of the central bu�iness district. In conjunction ��ith building the road, the city created the Upper Levee Renewal Project in 1958, to clear the continually flooded residential areas west of Chestnut Street, and replace them with flood-protected 2 . industrial sites. In the most visible site development case, H.S. Kaplan Scrap Iron & Metal Co. , Inc. was relocated from the Riverview area across the river to the Upper Levee in 1965. The Kaplan operation has been the subject of numerous com�laints regarding odor, noise and visual pollution, and in response to these on-going aggravations and as a symbol of the city' s interest in revitalizing the riverfront, the HRA acquired the property in 1986 for the purpose of clearing the site and making it available for redevelop nt in accordance with the Riverfront Redevelopment Plan (the "Plan") . In 1987, the HRA secured a four year purchase option ,from Harvest States Cooperatives for their surplus grain elevators and other facilities at 266 Shepard Road. In 1983, a substantial number of grain elevators adjacent to the remaining elevators were demolished for safety reasons by that organization. To the east of Harvest States' property were the structures previously housing the Industrial Steel Container Corporation's metal barrel and container reconditioning facility. The HRA acquired the property and removed the structures. Soil pollution was discovered on the site and has been subsequently corrected. A vacant and for-sale paper warehouse is centrally located on the north bank of the Mississippi River. Several buildings located on the block bounded by Kellogg Boulevard, Fourth Street, Cedar Street and Minnesota Street, were physically connected via underground tunnel to this warehouse. The buildings were determined to be technically obsolete by the owners, Northwest Publications, and have been razed. This warehouse site remains difficult to redevelop given the proximity of it to the adjacent railroad tracks and Shepard Road. On the other end of downtown, the riverfront has been dominated by the Union Depot. This train station is composed of a large headhouse, concourse and train platform covering over six acres at the city's original riverfront steamboat landing. At its peak, the Union Depot serviced over sixty trains per day. By the early 1960 ' s, however, train service had dramatically declined in Saint Paul and across the country. A consortium of railroads formed the Saint Paul Union Depot Company, which oversaw the operation and ultimate closing of the Depot. Throughout the 1960 ' s and 1970 ' s, the Union Depot Company declined to improve the Depot, and slowly began to dismantle it. Small subareas were leased for storage and parking. In abandoning and neglecting the massive Depot, the railroads left the city with a blighting influence on the riverfront. In 1982 , the Union Depot Company �old trie headhouse to Asset Development Services, a commercial real estate developer which proceeded to renovate the headhouse. This project has instilled new activity into the area, and is the basis for 3 ♦ anticipated continued private investment interest. Nevertheless, the site remains isolated from the riverfront by railroad right-of-way and Shepard-Warner Road. In 1984, t;fie United States Army Corps of Engineers proposed to upgrade the floodwall and levee protecting Riverview Industria'1 Park by increasing the height of the flood control structures by four feet. Although this project has been authorized by Congress, funding is yet to be secu ed. A substantial local match to the federal assistance ill be required. � The City has initiated efforts to reconstruct Shepard Road to � alleviate original design shortcomings that have contributed to excessive numbers of traffic accident. As part of the requisite environmental assessments of this project, alternative road alignments and configurations are being considered. Significant local funding commitments may be necessary. Over fifty percent of the existing structures in the District are in need of either substantial renovation or demolition. The City has undertaken physical surveys of properties for the purpose of determining the extent of the deterioration. These reports indicate that the residential, commercial, and industrial buildings vary in condition from good to extremely poor. The current condition of several important riverfront sites, plus the opportunities presented by the City' s announced initiatives to upgrade public facilities and to promote new investment along the entire downtown riverfront dictate the need for a tax increment financing district. Without public intervention, the riverfront will continue to display a pattern of disinvestment and be characterized by increasing degrees of blight and deterioration. B. STATEMENT OF OBJECTIVES The HRA and the City will use tax increments and proceeds of tax increment notes/bonds payable there from to pay public costs of redevelopment associated with the Riverfront Redevelopment Project (the "Project") as identified in the Riverfront Redevelopment Plan, which Plan further sets forth the objectives of the HRA and the City for improvement of the Project and and Project area covered by the Redevelopment Plan. The HRA and the City have determined that a need exists to undertake a redevelopment effort in the Project area ::onsistent .���. rhe purposes an� cwj�ctivcs of th� Plan. The goals of the HRA and the City for improvement of this Project are to create a redevelopment district wMich will protect and preserve the Mississippi River corridor as a 4 unique resource that benefits the citizens of the city and region, maintain the Riverfront's value and utility for residential, commercial, industrial and recreational functions, develop an economic value for the downtown riverfront while insuring ��e preservation of its natural and aesthetic characteristics, ; and increase its tax base and job- creation capacity. The primary objectives of this project are: � 1. To eliminate and/or ameliorate the adverse physical and environmental conditions that exist in the Riverfront Tax Increment Financing District area, and to prevent the spread of such detrimental conditions within and without the Project area. 2 . To establish a viable residential rental and ownership community along the riverfront. 3 . To create economically feasible commercial areas to serve the residential community to be established. 4 . To maintain and strengthen employment and services by attracting institutions, office space, and regional cultural and entertainment attractions. 5. To provide public improvements necessary to stimulate private investment and reinvestment in the Project area, and to make private land more marketable, usable and valuable. 6. To create an attractive pedestrian-oriented place in which people are able to enjoy personal or social interaction. 7. To develop the Riverfront Tax Increment Financing District area in a manner that conforms to the City's Comprehensive Plan, and that complements the existing attractiveness and future development of nearby areas. 8 . To establish light industrial and related office space in accordance with land use recommendations in the Plan and compatible with Riverview Industrial Park. 9. To utilize public financial resources in a manner that conforms with the City's adopted capital allocation and fiscal policies. 10. To leverage significant private investment by the use of limited public assistance. 11. To preserve and enhance the tax base of the county of Ramsey, the Independent School District #625 and the City of Saint Paul. 5 . �'�--/� �.,� 12. To stabilize and reduce heating and cooling costs of residential, industrial and commercial users in the downtown Riverfront area. 13 . To require responsible parties to u�}'dertake and finance the costs of identified hazardous waste clean-up. C. DEVELOPMENT PROGRAM The development program for this Project is further set forth in Section F of this Plan. Generally, the role of the public sector in housing, commercial and industrial development has been to assemble and deliver development sites, and provide controls and incentives in order to encourage and obtain needed development. Among the various mechanisms available to the City and its redevelopment agencies are: 1. Acquisition To acquire as authorized under Minnesota Statutes, Chapter 469: (a) blighted areas, buildings and other real property, where removing such can remove, prevent or reduce blight or the causes of blight; (b) open or undeveloped land blighted by virtue of conditions which have prevented normal development by private enterprise; (c) underused or inappropriately used land which may be converted to other uses recommended by the Plan; (d) lands or property necessary to complete assembly of parcels suitable for redevelopment; (e) Other real or personal property as necessary to accomplish the objectives of the Plan; and (f) lands or property deemed to be unsafe or hazardous to the public's health and safety. 2 . Site Preparation and Public Improvements (a) demolition, removal or rehabilitation of buildings and improvements; (b) a�tivities t:, ca�rECt �dvcrse p::ysical characteristics of the faulty lan-3 division or inadequate access or utility service or other development-inhibiting conditions; 6 (c) activities deemed necessary or desirable to remove, reduce or prevent other blighting factors and causes of blight; (d) activities deemed necessary or desirable to improve and prepare sites, including the corr�ction of soil conditions, for commercial, housing a�nd industrial development or redevelopment purpose� in accordance with the Plan; and (e) installation, construction or reconstruction of streets, utilities, and other public improvements or facilities as necessary or desirable for carrying out Plan objectives. 3 . Commercial, Housing and Industrial Financing It is the City and its redevelopment agencies intention to make available as appropriate and feasible, and upon the sole determination of said agencies, affordable sources of financing to developers, corporations, small businesses and other organizations involved in the commercial, office, residential and industrial sectors. There are a number of financing mechanisms that can be used as appropriate to accomplish the City and its redevelopment agencies goals and objectives: (a) Industrial Development Revenue Bond Loans - This provides below market rate loans to finance manufacturing projects; (b) Urban Development Action Grant Loans - This federally funded program provides low interest, long-term loans to industrial, housing, and commercial projects with special emphasis on distressed areas; (c) Tax Increment Financing - This locally administered tool provides a means by which to redevelop blighted areas, assist industry, develop commercial properties and create affordable housing; (d) Special Assessment Financing- This locally raised and administered source of financing provides benefiting property owners an affordable interest rate and long term financing mechanism by which to repay public improvements; (e) SBA 503 Loan Guarantee Program - This federally spansore� �Logram pro�ides loan guarar,tees to banks providing loans to qualified small businesses; 7 (f) Mortgage Revenue Bond Loans - A financing vehicle to provide below market financing for the acquisition, rehabilitation or new construction of owner-occupied housing; ;� (g) Rental Housing Revenue Bond Loans - Revenue bonds to finance the development of rental housing; ' (h) Minnesota Housing Finance Agency - A Minnesota state agency involved in the provision of affordable financing to private developers for rental and ownership housing rehabilitation and development; and (i) Great River Road Funds (J) Such other local, regional, state, federal and private financing programs or mechanisms as may be available during the duration of the District. 4. Land and Other Financing Assistance The City and its redevelopment agencies may enter into long-term lease arrangements rather than land sale contracts where appropriate. One type of lease arrangement would allow a developer to spread land costs over a longer period thus reducing cash equity requirements. The City and its redevelopment agencies may, where appropriate and at their sole discretion, also execute agreements to make periodic assistance payments to developers to reduce the difference between fair market rents obtainable, and debt service and expenses necessary to operate a project at a feasible level. 5. Development on Each Parcel in District Development will occur in accordance with Section F of the Plan on each parcel of the District either pursuant to private financing, or through redevelopment agreements with the City and its redevelopment agencies, in which latter case all developers shall execute minimum property tax assessment agreements with the City/HRA and the Ramsey County Assessor pursuant to Section 469 . 177 Subdivision (8) . 8 . � �P� - �� i� D. DESCRIPTION OF TAX INCREMENT DISTRICT PROPERTY The Riverfront Tax Increment Financing District tax parcels numbers and property addresses* are: � Pin Property Address � 1. 062822130023 0 2nd St. 2 . 062822140005 80 2nd St. 3 . 322922340006 0 3rd St. E. 4 . 062822230011 0 7th St. W. 5. 062822230023 0 7th St. W. 6. 062822230007 174 7th St. W. 7. 062822230008 202 7th St. W. 8. 062822230009 214 7th St. W. 9. 062822230010 222 7th St. W. 10. 062822230012 224 7th St. W. Pin Property Address 11. 062822230020 226 7th St. W. 12 . 062822230027 232 7th St. W. 13 . 062822230028 240 7th St. W. 14 . 062822230029 242 7th St. W. 15. 062822230030 250 7th St. W. 16. 062822230031 254 7th St. W. 17. 062822230032 256 7th St. W. 18 . 052822240021 0 Alabama St. 19 . 062822230024 0 Chestnut St. 20. 062822230026 0 Chestnut St. 21. 062822310009 0 Chestnut St. 22 . 062822310003 176 Chestnut St. 23 . 062822310001 190 Chestnut St. 24 . 062822320083 266 Chestnut St. 25. 062822230111 272 Chestnut St. 26. 062822230110 276 Chestnut St. 27. 062822230040 295 Chestnut St. 28. 062822230013 300 Chestnut St. 29 . 062822230025 301 Chestnut St. 30. 062822230022 321 Chestnut St. 31. 062822230021 323 Chestnut St. 32 . 062822410028 41 Chicago Ave. E. 33 . 062822240022 0 Eagle St. 34 . 062822240029 0 Eagle St. 35. 062822240023 184 Eagle St. 36. 062822240026 222 Eagle St. 37. 062822240039 267 Eagle St. 38. 062822230005 319 Eagle St. 39 . 062822230006 319 Eagle St. 40. 062822240027 319 Eagle St. 41. ����82232C�73 0 E11r� St. -- 42 . 06282223�019 177 Exchange St. S. 43 . 062822230015 195 Exchange St. S. 44 . 062822230016 195 Exchange St. S. 45. 062822230017 195 Exchange St. S. 9 46. 062822230018 195 Exchange St. S. 47 . 062822230014 221 Exchange St. S. 48. 062822230039 225 Exchange St. S. 49. 062822230038 231 Exchange St. S. 50. 062822230037 295 Exchange St. S. 51. 052822230008 0 Fillmore Ave. E. 52 . 052822230009 0 Fillmore Ave. E. 53 . 052822230010 0 Fillmore Ave. E. 54 . 052822230011 0 Fillmore Ave. E. 55. 052822230012 0 Fillmore Ave. E. 56. 062822410014 0 Fillmore Ave. E. 57. 062822410018 0 Fillmore Ave. E. 58. 062822410019 34 Fillmore Ave. E. 59. 062822410001 80 Fillmore Ave. E. 60. 062822240033 0 Hill St. 61. 062822240024 155 Hill St. 62 . 062822240032 193 Hill St. Pin Property Address 63 . 062822110033 195 Jackson St. 64 . 062822110036 225 Jackson St. 65. 322922340005 0 Kellogg Blvd. E. 66. 322922330034 0 Kellogg Blvd. E. 67 . 322922330037 0 Kellogg Blvd. E. 68 . 062822130022 0 Kellogg Blvd. E. 69 . 062822140004 79 Kellogg B1vd. E. 70. 062822110032 120 Kellogg Blvd. E. 71. 062822110029 160 Kellogg Blvd. E. 72 . 062822110039 160 Kellogg Blvd. E. 73 . 062822110040 160 Kellogg Blvd. E. �4 . 062822110025 162 Kellogg Blvd. E. 75. 052822220009 180 Kellogg Blvd. E. 76. 082822220005 267 Kellogg Blvd. E. 77 . 052822220006 271 Kellogg Blvd. E. 78 . 052822220007 279 Kellogg Blvd. E. 79 . 322922330047 281 Kellogg Blvd. E. 80. 322922330032 319 Kellogg Blvd. E. 81. 322922330033 390 Kellogg Blvd. E. 82 . 062822240028 0 Kellogg Blvd. W. 83 . 062822130025 12 Kellogg Blvd. W. �4 . 062822130027 40 Kellogg Blvd. W. 8� . 062822130024 48 Kellogg Blvd. W. 86. 062822130028 50 Kellogg Blvd. W. 87 . 062822240014 76 Kellogg Blvd. W. 88. 052822210006 0 Lafayette Rd. S. 89 . 052822330005 0 Livingston Ave. 90. 052822320017 0 Plato Blvd. E. 91. 052822320019 0 Plato Blvd. E. 92 . 062822410031 0 Plato Blvd. E. 93 . �5282232�021 0 Pl�to ��'vd. �. 94 . 052�22320022 0 Platv Blvd. E. 95. 052822320024 0 Plato Blvd. E. 96. 052822330009 0 Plato Blvd. E. 97 . 052822330007 60 Plato Blvd. E. 10 ♦ , 1 98. 322922330031 308 Prince St. 99. 052822230013 0 Robert St. S. 100. 052822230014 0 Robert St. S. 101. 052822330002 0 Robert St. S. 102 . 052822230006 63 Robert St. S. 103 . 052822320012 137 Robert St. S. 104. 052822320013 149 Robert St. S. 105. 052822320015 173 Robert St. S. 106. 052822320016 193 Robert St. S. 107. 052822330001 243 Robert St. S. 108. 062822240031 0 Ryan Ave. 109. 062822230112 203 Ryan Ave. 110. 062822240030 224 Ryan Ave. 111. 062822310012 266 Shepard Road 112 . 062822310007 270 Shepard Road 113 . 062822330001 345 Shepard Road 114 . 062822320084 345 Spring St. Pin Property Address 115. 062822320032 0 St. Clair Ave. 116. 052822330011 0 Starkey St. 117 . 062822410006 2 Starkey St. 118 . 062822410007 2 Starkey St. 119. 052822230002 0 State St. 120. 052822230018 51 State St. 121. 052822230005 91 State St. 122 . 062822320030 0 Unassigned 123 . 052822210007 0 Unassigned 124 . 052822230007 0 Unassigned 125. 052822320014 0 Unassigned 126. 052822320018 0 Unassigned 127 . 062822140002 0 Unassigned 128 . 062822410002 0 Unassigned 129. 062822410009 0 Unassigned 130. 062822410029 0 Unassigned 131. 062822410030 0 Unassigned 132 . 062822410037 0 Unassigned 133 . 062822410024 0 Unassigned 134 . 052822320023 0 Unassigned 135. 052822330004 0 Unassigned 136. 052822330006 0 Unassigned 137 . 052822330008 0 Unassigned 138 . 052822330010 0 Unassigned 139 . 052822330012 0 Unassigned 140. 062822210026 0 Unassigned 141. 062822110027 0 Unassigned 142 . 062822110028 0 Unassigned 143 . 062822110030 0 Unassigned 144. 062822110035 0 Unassigned 145. 052822120008 0 Unussigr.a3 146. 062822140007 0 Unassigned 147 . 062822110034 0 Unassigned 148 . 062822240015 0 Unassigned 149. 062822240016 0 Unassigned 11 150. 062822240017 0 Unassigned 151. 062822240018 0 Unassigned 152. 062822240019 0 Unassigned 153. 062822240020 0 Unassigned 154. 062822240021 0 Unassigned 155. 062822240025 0 Unassigned 156. 062822240034 0 Unassigned 157. 062822310002 0 Unassigned 158. 062822310004 0 Unassigned 159. 062822310005 0 Unassigned 160. 062822310008 0 Unassigned 161. 062822310010 0 Unassigned 162. 062822310013 0 Unassigned 163 . 062822320039 0 Unassigned 164 . 062822130026 0 Unassigned 165. 062822320033 0 Unassigned 166. 062822320034 0 Unassigned Pin # Property Address 167. 062822320035 0 Unassigned 168. 062822320036 0 Unassigned 169 . 062822320038 0 Unassigned 170. 062822320040 0 Unassigned 171. 062822320076 0 Unassigned 172 . 062822320077 0 Unassigned 173 . 062822320079 0 Unassigned 174 . 062822330002 0 Unassigned 175. 062822320020 0 Unassigned 176. 062822320031 0 Unassigned 177 . 062822320037 0 Unassigned 178. 062822320072 0 Unassigned 179. 062822320078 0 Unassigned 180. 062822140006 0 Unassigned 181. 062822410026 0 Wabasha St. S. 182 . 062822410036 O Wabasha St. S. 183 . 062822140001 0 Wabasha St. S. 184 . 062822130001 1 Wabasha St.S. 185. 062822420001 31 Wabasha St. S. 186. 062822410015 84 Wabasha St. S. 187 . 062822410020 114 Wabasha St. S. 188. 062822410025 120 Wabasha St. S. 189. 062822410033 162 Wabasha St. S. 190. 062822230036 292 Walnut St. 191. 062822230035 302 Walnut St. 192 . 062822230034 312 Walnut St. 193 . 062822230033 318 Walnut St. 194. 052822220010 600 Warner Road 12 195. 062822410005 0 Water St. E. 196. 062822140003 40 Water St. E. 197. 062822410008 40 Water St. E. 198. 062822410003 43 Water St. E. 199. 062�22410004 43 Water St. E. * "0" before street name indicates unimproved parcel for county tax record purposes. E. PROPERTY FOR ACQUISITION AND REDEVELOPMENT ACTIVITIES UNDER CONTRACT In Part A of this Plan, the fact of early acquisition under provision of Minnesota Statutes Section 462 .521 Subdivision 3 (subsequently recodified as Section 469 . 028 Subdivision 5) of the H.S. Kaplan Scrap Iron and Metal Co. , Inc. property and optioning of the Harvest States Cooperatives property in the Upper Levee Area of the District is recited. JLT Group, Inc. , a private development corporation has acquired a contract for deed to purchase the Amhoist Plant property. HRA and JLT Group, Inc. have entered into a preliminary memorandum agreement respecting acquisition, demolition and site preparation, provision of public improvements and redevelopment of the AmHoist property for uses in accordance with the Redevelopment Plan and Development Program and a development agreement to be entered into by HRA and JLT Group, Inc. covering the elements of the memorandum agreement. Specific areas of the AmHoist site within which public improvements, site preparation and acquisition will be undertaken, will be covered in the development agreement. A total of $6, 100, 000 is presently contemplated, with a completion date expected by 1991. Other development activity anticipated, but unscheduled are floodwall, marina, roadway and parking public improvements, and development of office and retail commercial and housing uses in the Upper Levee Area, Amhoist Property and Union Depot areas of the District. The staging of these activities involve necessary Federal project and financing assistance approvals, environmental assessment processes, tax increment bond sales, and the obtaining of. other financial commitments, and will be dependent upon the occurrence of these events and receipt of such approvals. The extent of anticipated development activities is set out in Part F following. The estimates of project costs appears in Part G. F. EXPECTED DEVELOPMENT ACTIVITIES A more pred�ctable schedule of development activities can be estimated upon the resolution of the three major issues now confronting the riverfront area: 1) clearance of the former AmHoist property along the south side of the river 2) 13 � � [.J � Vf/ �.��' completion of a rerouted and improved Shepard Road along the north shore of the river 3) completion of an improved levee/floodwall alonq the south shore of the river. As each of these issues is resolved, development activities are expected to be commenced at a schedule, level and sequence consistent with normal industry standards associated with a project of this magnitude. 1. Public Open Space - The Mississippi River shoreline will be a continuous, publicly-supported, river-oriented park and trail corridor. It will unite the major elements of the Project area. Development of public facilities within and adjacent to the trail corridor will be undertaken according to site-specific standards, based on the physical capacities and programming needs of the particular site. At a minimum, provision of open space, trails and associated public facilities shall maximize public access to the shoreline and views of the river and provide those physical improvements that increase pedestrian comfort, safety and pleasure. Major components will include, but may not be limited to Kellogg Mall, Lambert Landing, Harriet Park and Navy Island. 2 . Public Facilities and Utilities - There are several facilities on the riverfront that serve a city-wide population. As such, they provide services that enhance the economic, social, cultural, recreational and educational base of the City. As necessary, they will be improved to accommodate the projected demands upon them, and/or to extend their useful life. They include: (a) The floodwall/levee flood control structures; (b) Sidewalks, bridges and roads; (c) The Civic Center parking ramp; and (d) Water sewer and drainage systems. Other facilities will be encouraged as activity centers, to be developed publicly or in conjunction with private ventures: (a) Marinas and marina services; (b) Facilities for exhibition, public entertainment, research, tAaching� muse�am/aquarium or other institutional purposes; and (c) Parking facilities as required to serve predominant uses; and 14 � , (d) Commercial recreation and navigation service facilities; and (e) Commercial uses in limited amounts, intended primarily to provide service to the predominant public users, such as food and beverage establishments, vending, etc. 3 . Residential - One of this Plan's primary objectives is to provide for land use patterns that reintroduce residential neighborhoods to the riverfront. Market studies and planning analysis indicate that housing is one of the development initiatives that offers the most opportunity to achieve specific development objectives. The types, amounts and prices of various housing units will depend on prevailing market and finance conditions at the time specific projects are undertaken. Housing will be developed in accordance with the applicable sections of the Plan. 4 . Commercial and Retail - To a large degree, development of office and retail space is considered to be an economic activity that will occur as a market response to other population generators such as housing or regional attractions. Most likely, this response will be manifested through a combination of rehabilitation of existing buildings and new construction of restaurants, single-owner/tenant office buildings, convenience commercial services, or smaller offices that prefer to be located close to, but not in, the central business district. Specific sites are highlighted in the Plan. 5. Light Industrial - New light industrial development or expansion of existing uses will be encouraged at higher employment densities and construction concentrations than currently exist on the sites. Prime sites for additional light industrial are identified in the Plan. 15 � G. PUBLIC COSTS OF THE PROJECT (USES) a) Bond/Note proceed or tax increment requirements for payment of principal and interest, and public redevelopment costs including acquisition, relocation, demolition and site preparation, public improvements, marketing, land disposition, and administrative expenses = $32, 000, 000 b) Costs of bond/note issuance = 2,000,000 c) Bond/Note Discount = 1,600, 000 d) Net capitalized interest = 11,000, 000 e) Interest paid on indebtedness = 68 , 100. 000 TOTAL EXPENDITURES $114,700, 000 The HRA may amend or alter any line item while maintaining the integrity of the total estimated expenditures. H. BONDING The City and its redevelopment agencies intend to issue a series of tax increment bonds or notes up to a total of $46, 600, 000 in connection with this Project. These issuances will be repayable in whole or in part from the revenues generated by the captured property taxes in the Project area. Bond/note issuance will be brought to HRA Board individually for consideration of approval. I. REVENUE TO FINANCE PUBLIC COST (SOURCES) a) Projected market value of property = $128,500, 000 b) Total Assessed Value = 55, 255, 000 c) (Less) Original Assessed Value = 19,400, 000 d) Captured Assessed Value = 35,855,440 e) Average annual captured increment at 128 mills = 4, 589, 440 f) Captured increment over life of district = $114,700, 000 Tax increments received that are greater than anticipated, due to fluctuating mill rate levels and inflation, will be available tL �he HRA for public redeve2opment co�t� and administrative expenses associated with establishment, implementation and monitoring activities for the duration of the District. 16 . � � � In advance of tax increment or bond proceed availability, the HRA or private developers may utilize interim public or private funding sources to finance public costs in connection with public undertakings. Such interim expenditures may be reimbursed durinq the duration of the district. Several of the projects may include: a) Kaplan Scrap Iron & Metal Company Property b) Harvest States Cooperatives c) Industrial Steel Container Corporation d) Amhoist Redevelopment Area e) United States Postal Service Property J. ASSESSED VALUE OF PROPERTY Pursuant to Section 469. 175, Subdivision 1, and Section 469.177, . Subdivision 1, the Original Assessed Value of the tax increment district is for 1986 taxes payable 1987. This is the most recent assessed value for the properties certified by the State Commissioner of Revenue. The estimated OAV is $19,407,804. K. ESTIMATED CAPTURED ASSESSED VALUE The HRA and the City have discussed the District with the Ramsey County Assessor to arrive at reasonable estimate of fair market and assessed values for the purpose of determining estimated captured value for the District. For purposes of these discussions, the HRA assumed: l. That current statutory assessment classifications will remain unchanged. 2 . That the original assessed value contained in Section J is accurate and will remain constant. The estimated captured assessed value upon completion of the project is estimated to be $35,855, 000. Section I outlines the steps involved in the calculation of estimated captured assessed value. The City and the HRA request 100� of the captured assessed value to pay debt service and public costs of redevelopment. A tax increment revenue account will be established into which increments will be deposited. Funds will be appropriated by the HRA and the City during the year for: 1. Prir�cipa2 and i��tzrest on the notc/bond debt service. 2. Project and administrative costs of a redevelopment and development district pursuant to Minnesota Statutes, 17 � ��-�W�� ( � Section 469.001 to 469.048, and Sections 469. 124 to 469. 134. L. DURATION OF THE DISTRICT This redevelopment district is expected to endure as long as it may under Chapter 469. Pursuant to Section 469. 176, Subdivision 1, the maximum duration of this tax increment redevelopment district is twenty five years from date of receipt by the HRA and City of the first tax increment. It is estimated that the HRA and City will receive the first tax increment in 1989. M. FISCAL IMPACT ON OTHER TAXING JURISDICTIONS The overlapping jurisdictions upon whose assessed valuation this tax increment financing plan could have an impact are: 1. Independent School District #625, whose boundaries are coterminous with ti�ose of the City of Saint Paul. 2 . The County of Ramsey, to whose assessed total valuation the City of Saint Paul contributes approximately 54�. 3 . The HRA, which is one of the requesting authorities. 4 . The Port Authority of the City of Saint Paul, whose powers of levy and use of property tax revenue are limited. 5. Metropolitan authorities--such as the Metropolitan Council, Metropolitan Airport Commission, Regional Transit Board, Metropolitan Waste Control Commission, and Metropolitan Mosquito Control District. Of these metropolitan authorities, only the Metropolitan Council, Regional Transit Board, and Metropolitan Mosquito Control District levy taxes on real estate. The impact on these taxing jurisdictions will be to deny them taxes on any increase in the taxable value of the property in the District during the term of the district. However, the City and HRA believe that an increase in market value will only occur due to public intervention and the provision of tax increment financing. The existing assessed valuation level, in which the taxing authorities share, will not be affected or decreased by this financing. N. REASONS 1�NB jJI?P�nTING F��TS FOR i�ETE�iIi3eiTIONS 1. The Riverfront Tax Increment Financing District within and for the Riverfront Redevelopment area meets the requirements for a redevelopment district under the 18 , c � � Minnesota Tax Increment Financing law, Minnesota Statutes, Sections 469. 174 to 469. 179. The HRA and City have found that the District is in the public interest because 147 of the parcels in the District are improved, which number is greater than the 70 percent of the 199 total parcels in the District. 32 of the buildings are in need of substantial renovation, which number is greater than 30 percent of the 95 total buildings in the District. 24 of the buildings are substandard, which number is greater than 20� of the 95 total buildings in the District. The methodology used in determining buildinq renovation needs and substandardness involved the development of a "Building Condition Survey" which survey was assembled by the City of Saint Paul and its consultants. The survey identifies twenty areas of interior and exterior building conditions. The survey provides four response options to the surveyor for each area: sound, minor repair, major repair and critical. The survey form indicates the conditions the surveyor is likely to encounter if that option is chosen. Saint Paul Housing and Building Code officials as well as rehabilitation advisors from the HRA conducted the surveys. 2 . The sound needs of the municipality as a whole are for development of the District and said Project area in the manner contemplated by the Plan. Though development is dependent upon the tax increment financing outlined in the Plan, and upon public redevelopment efforts by the City of Saint Paul and its redevelopment agencies, the development affords maximum opportunity for the development or redevelopment of the property by private enterprise. 3 . The City and authorities within the City have had a policy of not electing the method of tax increment computation set forth in Section 469. 177, Subdivision 3 , Clause (b) . It has generally been considered, and is considered here, necessary for all increment to support the development of the District, directly or indirectly through the payment of tax increment notes/bonds issued for such purposes. 4 . The Saint Paul Comprehensive Plan contemplates development in the area consistent with the objectives of the Redevelopment Plan and with this Tax Increment Financing Plan. The Tax Increment Financing Plan will lead to more orderly, effective and quicker development of the housing, commercial and industrial activities planned for this �=°ea in the Saint Pau3 Comprehensive Plan. 5. Private investment alone would not reasonably be expected to redevelop the properties currently in a substandard, 19 1 t � blighted or deteriorated condition. A substantial portion of the District's boundaries are occupied by facilities which, as a result of their single purpose design and construction, and as a consequence of changing economic conditions including increasing international competition and technological advances, have been rendered obsolete. 20 . � ' , �♦ . ,, APPENDIX I _a , �c - ';' ' � • . . I �'.1� , �� n , ,� ) , , , ` � 1 � n �.�lJ� i �. � b� � ;. ��. � ; ._. . �� ��, ,.,q � , � o '� ,��.�... ,,, ; � J � ,���OLI�;� � ; � � . . -, . 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I a_ � � . �� �� � 4 �'�-�l��"� REDEVELOPMENT PLAN and � DEVELOPMENT PROGRAM , RIVERFRONT REDEVELOPf�1ENT PROJECT AREA of the HOUSING & REDEVELOPMENT AUTHORITY (HRA) OF THE , CITY OF SAINT PAUL, MINNESOTA (MINNESOTA STATIJTES SECTION 469.001 Subd. 14) and . DEVELOPMENT DISTRICT (DEVELOPMENT DISTRICT #4) of the CITY OF SAINT PAUL, MINNESOTA (MINNESOTA STATUTES SECTIONS 469.124 - 469.134) Approved by the HRA: November 4, 1987 Approved by the City of Saint Paul : 1987 , � TABLE OF CONTENTS Pa9e No. A. DESCRIPTION OF THE DEVELOPMENT DISTRICT and REDEVELOPMENT PROJECT AREA . . .. . ... . . . . . . . . . .. . . . . 2 B. BACKGROUND . . . . .. . . . . . . . .. . . . .. . . . . . . . . . . . . . . . . . .. 6 C. PREVIOUS AND CURRENT EFFORTS . .. . . . . . . . . . . . . . . . . . . 7 D. QEVELOPMENT OBJECTIVES . . . . . . . . . . . . . .. . . . . . . . . . . . . 11 E. REDEVELOPMENT TECHNIQUES . . . . .. . .. . . . . . . . . . . . . . . . . 13 ' F. GENERAL lAND USE PLAN . . .. . . . .. . .. . . . . . . . . . . . . . . . . 17 G. OTHER NECESSARY PROVISIONS TO MEET : . .. . . . . . . . . . . . 22 STATE/LOCAL REQUIREMENTS 1 �. /' �. �, �. , ,; , ;� �> • � �;; � � � � , ^._ � ,� d ' i ' �•_{ ._• ^ ( I�� ` � �� • 1. .I 4 �•`���- �� �� � � � � � � : � � �. . � ( C F` ` -1•�� .�/ ,� N.� I � • `'�.;..I _ � �:� ._�.`� - , 1: r� ❑j ` �� ^� _ '�•�� tl� '' ! = � �i � � � ++ " �-_ _ D� ��.7,T L�i o � � ,�;� � - � c �. ` `�- °��i J i.�' � ' `� � ° , .�}:�` ����Q��_ �� Q° �� r—� ''�r � / � V � :� , ;p 1 -� � � � ; � I u ,..�("'� � , �M: � � f , ��� �.. �� _ .)LLJ ,' l ,ry' � �/. �' / �� � � . �, �'I - •, �L-�- ; �:':� � ��4. �/ ( ,/ "" � � �J ,�CJ � �I I ! ( �.,.�'1 � i l.� � � � : , ; I '; p � �I ��,. J r�t `.I — .! '�;�__�� `. 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I � ��- /�l � ,r The Housing and Redevelopment Authority of the City of Saint Paul , Minnesota (HRA) proposes to establish RIVERFRONT REDEVELOPMENT PROJECT AREA, as provided for in Minnesota Statutes, Chapter 469, and a REDEVELOPMENT DISTRICT as provided for in Minnesota Statutes, Section 469.001, Subd. 14. Additionally, the City of Saint Paul proposes to form a DEVELOPMENT DISTRICT, as provided for in Minnesota Statutes, Sections 469.124-469.134. The project and district would be coextensive with each other. References to the Redevelopment Project, Project Area and Plan shall be understood to include by this incorporation a reference to the Development , District, District Area and Development Program. � In addition, the City and the HRA proposed to adopt a TAX INCREMENT FINANCING PLAN, as provided for in Minnesota Statutes, Chapter 469.174, Subd. 10, to finance project and district activities in accordance with the following Plan and Program. A. DESCRIPTION OF TNE DEVELOPMENT DISTRICT AND RtOEVELOPMENT PROJECT AREA PROJECT BOUNDARIES ' The boundaries of the Riverfront Development District and Redevelopment Project Area are mapped on Map A, attached, and described as follows: All of Block 1, J.T. McMillan Company's Plat, St. Paul , Minn., except that , part which lies southerly of a line described as follows: Beginning at an iron monument in the north line of Section 12, Township 28, Range 23, Ramsey County, Minnesota, which monument is 514.63 feet east of the northwest corner of Government Lot 1 in said Sec'tion 12; thence (assuming the north line of said Section 12 as a due East and West line) South 60 degrees 29 minutes West, 141.60 f eet to a point; thence South 71 degrees, 46 1/2 minutes West 250.82 feet to a point; thence South 6� degrees, 18 minutes West, 166.96 f eet to a point in the West line of said Government Lot 1; also Block 3, Northern States Power Company's Plat, St. Paul , Minnesota; also Lots 1, 2 and 3 in Block 15, E. H. Hawke's Subdivision to Winslow's Addition • to the Town of St. Paul; also That certain tract or parcel of land lying and being in Section 12, Township 28 North, or Range 23 West, �and within the following boundary lines, to-wit: Starting at the Northeast corner of the northwest quarter of the northeast quarter of said Section 12, according to the United States 6overnment survey of said Section, thence South along the East line of said Northwest quarter of the Northeast quarter (which is also the � . �` . a , � a„ ; ' � � . Q f� � �, , � -�-� � � � ,., � 1;� , , I . �_-_. / b� r�, �ji; '��, ; °C ��'''� � 'Q ��.� � _. 1�� �i' �• •, �_ jU�, ' �!'�' �� - �� ;0[I};� � � U ��� '� �� o '[�'�l D � � � � F �j ,..t�� o �}i � �� f�1 �.�_ \ � �',�n'�.: �Jrt L �L.. , `�J� C QQ�� -- �� � ; � 1 � . , _ '�, ��� u __' o : � �:; I --_.:� Q `, ,� �'.-�� �i - � -� ° �r �` L ; �;, _ Q � _ , '.. � `.!i _ � -- ';- - - - =�►jf ;_._; =1 /-- ' � � ��" L_J i;' �}�i��;D ��� ; �,; ._ � � ; ,p � � _ :i; �i^� �. �: � O '�r? pl : i ;Ei� j •'; � L�:u�---:�,-- o ,' i'L� . _ � ll �--�`u � ~I _ / ' I � �i �� ' �.� l ����/, � U 1 1 'r F`J i 7� � � "� �, •.� � %/ `�0 ]•� l Cl L I E� o , : ,,� _., C t. � ��;I � � - ! l,��r ��_.�., �1 � � � ; �l; o�`"' ,��,--�. ,�c`/ O { o' , t�1; � � �o � � -- m D+ L . _ ' R"' O � , 'Qi � �- � i j, �� � �J� C 10 �� � ;r� ; � .•-•�— I „�� , r _ �'r'� d e JyL U_'=�4! � T. -� � � .' � � �j !r^ .,,--_.__ « O . .� . _�� � � � �� � m �, p�" g��l ;� � �� ,� E .. �, V �%� . f ' � i�; � �-�l. � � n '�I' `� �/ � 'i o° � fi1 I'I � � ,� � o �e . I ` ��I / �"i� .� ;iL,��� � �'y� ~ >�^ I ! �� ::c ':' � � �1; � , � ; �� m o ' ��I:V J-%a :�k, _'y" `,�:, Q ♦ „ "�, � ;�i "�:\ o ' /� � �� 1' ..; 1,,` J' �� • r� tt !- J�,�` � •.,;,� `��; � � � �, ,:v,\ �....J;% � �. ,� � :;(=' 1:� � � �'% '/ y'✓< � `',i• 1 �� �1 1t,�i // �'^` ' � .� .�; . �i` ,� �f �t` . i, � 1\ / � _.' G. ��;•� ���': , - � . ; , �\ ���� o != % � � •t✓ r �, ` �` ,, ,�. ` ,;y ' `� ' 1 ,o� ���'`�� ��:` ' �� ' �,�''' �\, � �:.� �: .r � �J.. ��-% .'..:� i3'� ,: '`� , � - ��'�'� C°,•�-,� •�'., � �rj' / • �\ / ;.. C°� �.y. ry'1 c� . � � y . ,i ,�_..,"J U .o� � - �t•� I � ;�;'� jl / �,,� �(�\ �+r C C��!` •J '.�Y.i� ' �' � O\J O , � � �; ' �' `'� `� _..��/�. ; i� ' = � a _ )� �•:� r � c � .i :� ^".M ��' •,., °� c•.�,� ;}:� � � �' `� � v •`� (, '� °�� ',;,,r �� '; ► , � � �p�.� ,! ' , �� v��l� ;.t r� �,� � �� ]�— ��? °`� ' C� —, �� ��.� � �� � �'i � jf G'., s+ �°a�\�v,, L�,,, r-� I ... \ ,� /'�J1: >i`1� ,�� �/ ,`�. ` �I � :3�+�� �./ � �� `V�^ �/ �` ��`\ 1� ,o �:�� \� > ~ \ . 1� � '1 � y ,� ,, � -- �, � (� ' ` 1�, , � ,� � � �. ';l �.:��' '� �' � ,� ��°� \ � G � i \ �,\ � �� `� ,�, Pr���\ U � •� ,� �`t,� \ „�7 � � .i �: U �, ` ,�� ��1\,,� ; _ � ., . _ �..- - �� � . . ,�,-�; %�- ` '> ,i � � L� � ,� � � � ; ;J i , . _ � � i � .. ; '� r� .. � \ •N 7 '�v �� � J�^\ '� � �n /I ' �� ,\ 1,J �/ �. .,� ` � + I •T � >: ' '� ;� .; �,G�:`�� I �,�-' .� Q - - � �� m� Easterly line of Lot 16, Partition Plat and of McMillan's Addition, according to the respective plats thereof on file and of record in the office of the Registrar of Deeds of Ramsey County, MN, and the true bearing of which line is South 0 degrees 6 minutes East from the said point of beginning) and along the extension of said line 1,931.1 f.eet; thence South 62 degrees 23 minutes West, 144.28 feet; thence Sauth 49 degrees 30 minutes West, 500 feet; thence South 77 degrees 22 minutes West 33.54 feet to the intersection of said last described line with the Westerly line of Lot 15, Partition Plat, extended Southerly, thence North alon the said Westerly line af Lot 15, Partition Plat, extended Southerly �(the true bearing of which line is North 0 degrees 6 minutes , West) and along the said line 2,191.2 feet to the right-of-way of the . Chicago, St. Paul , Minneapolis and Omaha Railway; thence North 44 . degrees, 1 minute East along the line of said right-of-way 193.6 feet to the North line of said Section 12; thence East along the North line of said Section 12 to the place of beginning, excepting therefrom the following described tract: Commencing at a point of beginning on the Westerly line of Lot 15, Partition Plat, 1,476 f eet more or �less North from the granite monument located at the intersection of said line and the North line of the Levee Road (the said point of beginning being the point where said Westerly line of Lot 15, Partition Plat, crosses the Easterly boundary of the right-of-way for stockyard . tract conveyed by M. J. 0'Connor and Niartin Delaney to St. Paul and Sioux City Railroad Company by deed recorded in 94 of Deeds, page 141} ; thence Northeasterly along said Easterly boundary of said right-of-way, 466 feet more or less to the North line of said Lot 15, Partition Plat; thence West along said North line of � Lot 15, Partition Plat, 35 f eet more or less to the right-of-way .� of the C. St. P. M. �& 0. Ry. Co., thence Southwesterly along said right-of-way 193.6 feet more or less to the West line of said Lot 15, Partition Plat; thence South along said West line of Lot 15, Partition Plat, 285 f eet more or less, to the place of beginning, which lies Northerly of a line drawn parallel with the North line of said Northwest Quarter of the Ncrtheast Quarter, and 218 feet Southerly thereof (the above described being a part of Lots 15 and 16, Partition Plat�; also Lots 6 (except Railroad), 7 and 8, Block 14, and Lots 4, 5, 6, 7 and 8, Block 15, South of Railroad in E. H. Hawke's Subdivision to Winslow's Addition to the Town of St. Paul, Minnesota Territory, together with so much of Von Minden Street, vacated, as accrued to said premises by reason of the vacation - thereof, and together with so much of St. Clair Street, vacated, as accrued to said premises by reason of the vacation thereof; also Beginning at the most Northeasterly corner of J. T. McMillan Company's Plat, and the Southeasterly line of the joint railroad right-of-way of the Chicago, Milwaukee and St. Paul and Chicago, St. Paul, Minneapolis and Omaha Railroad; thence Southwesterly along the Southeasterly line of said railroad right-of-way to the South line of Block 15 of E. H. Hawke's Subdivision to Winslow's Addition; thence West along the South line of Block 15 to the � Southwest corner of Block 15; thence North along the West line of saxd Block 15 and its Northerly extension to the intersection of the Northwesterly line of the joint railroad right-of-way of the Chicago, Milwaukee and St. Paul/Chicago, St. Paul , Minneapolis and Omaha railroad; thence in a Northeasterly direction along said Northwesterly line of said railroad right- of-way to the intersection with the Northeast line of Walnut Street and�� Southeasterly line of Nill Street; thence Northeast along the Southeast line of Hill Street to the Southwesterly line of Chestnut Street; thence Northwesterly along the Southwesterly line of Chestnut Street to the . Southeasterly line of Exchange Street; thence Southwest along the Southeasterly line of Exchange Street to the Southwesterly line of Walnut , Street; thence Northwesterly along the Southwesterly line of Walnut Street to the Northwesterly line of West Seventh Street; thence Northeasterly along the Northweste•rly line of West Seventh Street to the intersection of the Northeasterly line of Kellogg Blvd. and Southeasterly line of Main Street; t�hence on a Southeasterly and Easterly line along Kellogg Blvd. to the Southeasterly line of St. Peter Street; thence Northwesterly along the Southwesterly line of St. Peter Street to the Southerly line of Fifth Street; thence Northeasterly to the intersection of• the Northwesterly line of Fif th Street and Nor.theasterly line of St. Peter Street; thence Northeasterly along the Northwesterly line of Fifth Street to the Southwesterly line of Cedar Street as widened; thence Southeasterly along the Southwesterly line of widened Cedar Street to the Northwesterly line of Fourth �Street; thence Northeasterly along the Northwesterly line of Fourth Street to the Northeasterly line of Minnesota Street; thence Northwesterly along the Northeasterly line of Minnesota Street to the Northwesterly line of Sixth Street as widened; thence Northeasterly along the Northwesterly line of Sixth Street to the Northeasterly line of Robert Street; thence Southeasterly along � the Northeasterly line of Robert Street to the Northwesterly line of Fifth Street� as widened; thence Northeasterly along the Northwesterly line of Fifth -, Street to the Southwesterly line of Broadway Street; thence Northwesterly along the Southwesterly line of Broadway Street to the intersection of the Southwesterly extension of the Northwesterly line of Fifth Street; thence Northeasterly along Fifth Street and its extension to the Northeasterly right- of-way line of Highway 56 (Laf ayette Road) ; thence Southeasterly along Highway 56 (Lafayette Road) right-of-way to the Northeasterly line of Kellogg Blvd. as widened; thence Northeasterly along the Northwesterly line of widened Kellogg Blvd. to the Northeasterly line of vacated Brook Street; thence Southeasterly along the Northeasterly line of vacated Brook Street to the East line of the Southwest Quarter of Section 32, Township 29, Range 22; thence South along the East line of said Southwest Quarter to the Harbor Line on the Northerly line of the Mississippi River; thence Southwesterly along the Northerly Harbor Line to the Northeasterly right-of-way line of Highway 56 (Laf ayette Road) ; thence Southeasterly along Highway 56 (Laf ayette Road) right-of-way to the Harbor Line of the Southerly side of the Mississippi River; thence Northeasterly along the Southerly Harbor Line to the Northeasterly corner of Block 17 of Brooklynd; thence Southeasterly along the Northeasterly line of Block 17 and its extension, to the Southeasterly line of Alabama Street; thence Southwesterly along the Southeasterly line of Alabama Street and its extension, to the centerline of State Street; thence Southerly along the centerline of State Street to the Northeasterly extension of the Southeasterly . line of Fillmore Street; thence Southwesterly along the extension and Southeasterly line of Fillmore Street to the Northeasterly line of Robert Street; thence Southeasterly along the Northeasterly line of Robert Street to the intersection of the Northeasterly extension of the Southeasterly line of Lot 7, Auditor's Subdivision No. 39; thence Southwesterly along the Extension � and Southeasterly line of Lot 7, Auditor's Subdivision No. 39 to the Northeasterly line of Lot 12, Auditor s Subdivision No. 39; thence Southeasterly along the Northeasterly line of said Lot 12, to the Southwesterly line of an easement for South Robert Street; thence Southerly along the Southwesterly line of said easement to a line 40 feet Northeasterly of and parallel with the Northerly line of Tract B of Registered Larrd Survey No. 366; thence Northwesterly along said 40 foot line for 975 f eet more or less to a point; thence left at right angles to the Southwesterly line of the railroad Right-of-Way; thence Northwesterly along the Southwesterly railroad right-af-way to the center of vacated Plato Ave. ; thence Southwesterly along said centerline to the Southwesterly line of Starkey Street; thence Northwesterly along the Southwesterly line of Starkey Street to the Southerly , line of new Plato Blvd. ; thence westerly along the Southerly line of Plato Blvd. to the Northeasterly line of South Wabasha Street; thence Southeasterly � along the Northeasterly line of South Wabasha Street to the Northerly extension of the East line of Hall Avenue; thence Sou�hencenWesterlysalongethe Hall Avenue to the Northerly line of Prospect Blvd. ; Northerly line of Prospect Blvd. to the East line of vacated Bellows Street; thence South along the East line of vacated Bellows Street to the foot of the Bluff; thence Southwesterly along the Foot'of the Bluff to the centerline of Bellov+s Street; thence South along the centerline of Bellows Street to the horth line of Delos Street, which is also the North line of Section 7, Township 28, Range 22; thence West along the North line of Section 7� Township 28, Range 22, to the Northeast corner of Lot 15, Block 198 of Irvine s Addition; thence South along the East line of Lot 15 for 80 feet to a point; thence West, parallel with the North line of Lots 15 through 11, said Block 198, to the West line of Lot 11; thence North along the West line of Lot 11 to the Northwest corner of Lot 11; thence West along the Westerly extension of the North line of Lot 11 to the centerline of Ohio Street; thence in a Southwesterly direction along the centerline of Ohio Street to the Southezsterly extension of the Southerly line of Cherokee Avenue; thence • Northwesterly and Southwesterly along the Southerly line of Cherokee Avenue to the Southwesterly right-of-way line of Smith Avenue; thence Northwesterly along the Southwesterly right-of-way line of Smith Avenue and its extension across the Mississippi River to the intersectio�n with the West line of the Northwest Quarter of Section 7, Township 28, Range 22, which is the Southerly extension of the West line of Wilkin Street; thence North along the West line of Wilkin Street and its extension, to the Northwest line of Spring Street; thence Northeasterly along the Northwest line of Spring Street to the North line of the Southwest quarter of the Southwest quarter of Section 6, Township 28, Range 22; thence West along said quarter quarter line to the Southeasterly line of Hill Street; thence Southwesterly to the Northwesterly corner of Block 1, Northern States Power Company's Plat; thence South along the West line of Block 1 of Northern States Power Company's Plat to the Southeasterly line of Hill Street; thence Southwesterly along the Southeasterly line lockll ofreet to the Southeasterly extension of the Southwest line of Lot 8, Rearrangement of Oppenheim's Addition; thence Northwest to the Northwesterly corner af said Lot 8, Block 1, which is also the Southwesterly line of the joint railroad right-of-way track of the Chicago, MthenceeSoutf�westerlylalong Chicago, St. Paul, Minneapolis and Omaha Railroad; said right-of-way line to the Northeasterly line of Smith Avenue; thence Southeasterly along said Northeast line of Smith Avenue to the Southeasterly line of Hill Street; thence Southwest along the Southwest line of Hill Street to the �East line of vacated McMillan Street; thence South and SouthMcMillann9 the east line of vacated McMillan Street to the East line of J. T• Company's Plat; thence North on said East line to the North line of Section 12, Township 28, Range 23, to the point of beginning. 5 � �'�- /�i.� B. BACKGROUND The Riverf ront Redevelopment Project Area is located in and near downtown St. Paul , on the north and south shores of the Mississippi River. The Mississippi River is the city's birthplace, and dominant natural feature. Throughout the history of Saint Paul , the river has determined the extent and nature of the city's growth, development and geographic/economic/social climate. � For the past several decades, the prominence of the riverfront as an economic � and social center has declined. The city has grown 'up and away' from the riverfront as the importance of the port function has changed with technological advances in transportation and industrial processes, and as the focus of the regional economy has changed from manufacturing to services. The present conditions of use and development reflect the deterioration that one would expect as the city looked elsewhere for development opportunities.� The entire dawntown river corridor is characterized by large areas of neglected vacant and underutilized land, transportation networks and f acilities that are functionally obsolete, and inefficient labor-extensive activities that waste the potential of inherently valuable land. Public improvements have deteriorated; are inadequate to serve demands; and in some cases are potentially hazardous. Both public facilities and remaining private . structures present severe barriers to access and use of the shoreline; environmental conditions are such that make public use and appreciation of the river difficult. Such a condition is generally incompatible with contemporary public objectives �° which consider the Mississippi River the city's most unique natural attribute, to be enhanced as a resource of aesthetic, ecological , cultural and economic importance. Without positive intervention, the downtown riverfront is unlikely to fulfill its public potential . Current patterns of land use and economic attrition are likely to continue. Private reinvestment needs will not be met. New development will be hampered by poor soil conditions, lack of infrastructure, fragmented property ownership, and perhaps most importantly, a public perception of the area as one in decline. 6 C. PREVIOUS AND CURRENT EFFORTS Since 1960, there have been several efforts by the City of Saint Paul ta plan f or and direct change in the Project Area. Several Redevelopment Plans and Commercial and Industrial Development Projects have been prepared under provisions of Chapter 469 of Minnesota Statutes, and approved for areas of the city that include small portions of the Riverf ront Redevelopment Project area. These include: . - Riverview Renewal Project (R-26}; 1963 (W. of Robert St. ) . - Riverview Industrial Project: 1964 (E. of Robert St.) - Upper Levee Renewal Project (R-3) : 1958, rev. 1965 - West Seventh Neighborhood Development Project (Minn. A-1-7) : 1973 - Seven Corners Neighborhood Development Project (Minn. A-1-6): 1973 - Downtown Urban Renewal Project (R-20)� 1963 - Central Core Neighborhood Development Project (Minn. A-1-5) : 1973 - Seventh �Place Redevelopment Project: 1978 � Because of the incremental nature of past efforts and the fractured a�proach to establishing redevelopment districts, the Riverfront Project Area is not addressed comprehensively. Consequently, this Redevelopment Plan incorporates and supercedes those ortions of previously approved redevelopment lp ans�identified above that lie within the Project Area described in Section A of this lan. . The above-referenced redevelopment plans have resulted in one significant change in the Project Area. Riverview Industrial Park was established. Riverview Industrial Park is a Project resulting from the combination of the Riverview Renewal Project and Riverview Industrial Project cited above. It consists of 190 acres within and adjacent to the Project Area. It was established after continual spring flooding had made the housing that was originally located there untenable. From 1957-64, the Saint Paul Port Authority purchased and cleared the land. The existing floodwall was constructed in 1962, after which site development began. In 1965, the area was subjected to a record flood. The land within the floodwall remained dry, and the success of Riverview Industrial Park was assured. Since then, Riverview has been one of the city's most productive industrial parks. Of the . original 190 acres, less than 7X remains available. Employment currently exceeds 6000. In 1980, the Saint Paul City Council adopted the Saint Paul Mississippi River Corridor Plan as a component of the Comprehensive Plan of St. Paul . The River Corridor Plan established city objectives, policy and general recommendations for the treatment of the entire river valley, including the Riverfront Redevelopment Project Area. Since 1980, it has periodically been amende�+, and in fact, is being amended concurrently with the adoption of this Redevelopment Plan. The River Corridor Plan, as amended, remains the most definitive city statement of riverfront development objectives. In 1985, the single most important private investment decision was made in the Riverfront Redevelopment Project Area, when American Hoist & Derrick Company (Amhoist) abandoned its primary administrative, research, development, manuf acturing and assembly facilities. These f acilities (comnonly refer.red to as the 'Amhoist Plant' ) are located in an unintegrated complex of 14 buildings, occupying 50 acres that dominate the south shore of the river. The buildings range in age from 9-87 years, with a weighted age of 51+ years. In abandoning the plant, Amhoist cited the deteriorated condition and functional obsolescence of the entTre plant and site as its primary reasons for relocating. , Adjacent to the Amhoist property, a chemical tank f arm owned by the Union Oil Co., and 1930's vintage industrial buildings once owned by Technical Sealants Co., are vacant, idle, and marked as potentially hazardous. These sites, plus broken and unused railroad trackage that bisect them, are symptomatic of the obsolescence of riverfront-dominated industrial and transportation uses. On the north (downtown) side of the river, redevelopment efforts to revitalize the riverfront have been piecemeal . In 1957, Shepard Road was constructed in the Project Area. This single public works project complete'y changed the nature of the riverfront by introducing a major traffic artery that cut off the river from the rest of the city. In addition, it created new access for . an emerging industrial area on the fringe of the Central Business District. � In conjuction with building the road, the City created the Upper Levee Renewal Project in 1958, to clear continually flooded residential areas west of Chestnut Street, and replace them with flood-protected industrial sites. In the most visible site development case, Kaplan Scrap Iron & Metal Co. was ' relocated from the Riverview area across the river to the Upper Levee in 1965. Since then, the Kaplan aperation has been the subject of numerous complaints regarding noise, odor, visual pollution, and damage to city sewers. In response to these ongoing aggravations, the HRA acquired the property in 1985 for purposes of clearance and making the site available for redevelopment. Adjacent to the Kaplan's site, the HRA has secured a long-term option for purchase of the Harvest States Cooperatives' Chestnut St. Grain Terminal . The grain elevators and terminal operations have been declared surplus by the owner, citing obsolescence of the facility for contemporary grain shipment processes. Earlier, in 1980, Harvest States demolished approximately half of the grain storage silos on the site because they were unused, unmaintained, and considered a safety hazard. East of Harvest States' terminal is the site of former industrial Steel Container Corporation. The plant had been on the site for over 40 years, � manuf acturing and reconditioning metal barrels and containers. In 1970, the HRA purchased the site for purposes of removing a blighting influence and an impediment to potential roadway improvements. Soil contamination was discovered on the site. On the other end of downtown, the riverfront is dominated by the Union Depot. The former train station is composed of an extremely large headhouse, concourse and train platform covering over 6 acres at the city's original riverfront steamboat landing. In its heyday, the Depot serviced over 60 trains per day. By the early 1960's, however, train service had dramatically declined in St. Paul and across the country. � - � � -i� f,�. The consortium of railroads which owned and operated the depot (known as the Saint Paul Union Depot Company) oversaw its closing. Throughout the 1960's and 1970's, the Union Depot Company declined to improve the depot, and slowly dismantled it. S�nall subareas were leased for storage and parking. In. abandoning and neglecting the massive depot, the railroads left the city with a blighting influence on the riverfront. In 1982, the Union Depot Co. sold the headhouse to Asset Development Services, a commercial developer which proceeded to renovate the headhouse. This project has instilled new activity into the area, and is the basis for , anticipated continued private investment interest. Nevertheless, the site . remains isolated from the riverfront by railroad right-of-way and Shepard- . Warner Road. In 1984, the City embarked on a program entitled the Riverf ront Initiative, an energetic and comprehensive effort to reclaim the riverfro�t from its current condition, and to implement physical and programmatic changes that reflect public objectives identified in previous activities: To oversee this effort, and to advise the Mayor and City Council on appropriate actions, the City Council established the Saint Paul Downtown Riverfront Commission. Since its inception in 1984, the Riverfront Commission has actively engaged in current riverfront issues. In 1986, the Riverfront Commission completed and recorrmended to the City Council a detailed riverfront redevelopment strategy.. This strategy, entitled the Saint Paul Riverfront Pre-Development Plan, suggested several long-term and short-term public and private actions which would stimulate redevelopment. It clarified redevelopment objectives, and detailed specific actions the City • can take to initiate the redevelopment process in a timely manner. Currently, the City of Saint Paul is using this plan as the basis for amending the city's Comprehensive Plan, and as a guide in preparing this Redevelopment Plan. As a result, the City is planning to undertake several significant activities which are identified by the Riverfront Commission as important. In I984, the US Army Corps of Engineers proposed to upgrade the floodwall and levee protecting Riverview Industrial Park by increasing the height of the flood control sturctures 4' . This project, presently authorized by Congress, is currently being considered for funding. It is a significant public works project that will increase flood protection to existing and planned development. In addition, the City has initiated efforts to reconstruct Shepard Road to . alleviate original design shortcomings that have contributed to excessive numbers of traffic accidents. As a part of the requisite Environmental Assessments of this project, alternative road alignments and configurations are being considered. In conjunction with the reconstruction of Shepard Road, the city has received a committment from the Federal Highway Administration to contribute funds from the Great River Road program to realign and rebuild portions of Warner Road in the vicinity of Lambert Landing. This will also contribute to improvements in the safety and aesthetic characteristics of the road ori the riverfront. In 1984, the City established the Riverfront Enterprise Zone, which encompasses most of the project area. Authorized under Minnesota Statutes, Sec. 273.13 (rev. 1983) and approved by the State of Minnesota, the Enterprise Zone allows for individuals or companies making investments to qualify for combinations of several types of state and local tax credits. To date;"four comaanies have invested over $3,000,000 in industrial and corranercial projects in those portions of the Enterprise Zone located within the project area. The current condition of the important riverfront sites, plus the opportunities presented by the city's announced initiatives to upgrade public f acilities and to promote new investment along the entire downtown riverfront dictate the need for a comprehensive redevelopment effort based on an updated redevelopment plan for the project area. ._, 10 D. DEVELOPMENT OBJECTIVES The objectives of the Riverfront Redevelopment Project are based upon the policy directives of the Saint Paul Comprehensive Plan and the Saint Paul Mississi i River Corridor Plan. Both documents were prepared by the St. Paul anning Commission and adopted by the City Council . Objectives generally include: 1. To protect and preserve the Mississippi River Corridor as a unique . resource that benefits the citizens of the city and region. 2. To maintain the river corridor's value and utility for residential , commercial , industrial and recreational functions; 3. To preserve the river c�rridor's biological and ecological functions; 4. To enhance� the river corridor's aesthetic, cultural , scientific and historic attributes; 5. To develop an economic value for the downtown riverfront, while insuring the preservation of its natural and aesthetic characteristics; 6. To stimulate private investment and reinvestment along the downtown riverfront; 7. To increase the tax base and job-producing capacity of the riverfront in , downtown; Furthermore, the primary purposes of this Redevelopment Plan, as recommended by the St. Paul Riverfront Commission in the St: Paul Riverfront Pre- De��elopment Plan, are: 1. To eliminate and/or ameliorate the adverse physical and environmental conditions that exist in the Riverfront Redevelopment Project area, and to prevent the spread of such detrimental conditions within and without the project area; 2. To improve the attractiveness and desirability of the area as a place in which to live, work, shop and/or secure cultural and recreational enrichment; . 3. To re-establish viable residential neighborhoods on the riverfront by creating opportunities for, and attracting, new housing and residential services; 4. To maintain and strengthen employment and services by attracting institutions, high-tech industrial and office space, personal and professional services; by retaining and attracting regional cultural and entertainment attractions; 5. To create an attractive pedestrian-oriented place in which people are able to enjoy personal or social interaction, and where public access to and along the riverfront is maximized; 11 6. To provide the public improvements necessary to stimulate private investment and reinvestment in the project area, and to make private land more marketable, usable and valuable; 7. To develop the Riverfront Redevelopment Project in a manner that conforms to the city's Comprehensive Plan, and complements the existing attractiveness and future development of nearby areas, most particularly the West Side, the Central Business District, Lowertown, and the West Seventh/Fort Road neighborhood; � 8. To utilize public financial resources in a manner that conforms with the � city's adopted capital allocation and tax policies. IRplementation of this Plan will be undertaken by providing for incentives and land use controls that encourages sound development that is consistent with the needs of the corrmunity as a whole, and is supported by types of market growth that can reasonably be expected in Saint Paul. . E. REDEVELOFMENT TECHNIQUES This plan envisions the permitted use of all techniques or powers authoriied through applicable statutes by the City, HRA, Port Authority, or other public agencies as appropriate and necessary to carry out the implementation of this Plan. No provision of the Plan is to be taken to limit the full exercise of these powers. The following techniques are cited as examples of ineans to achieve the objectives presented in Section D above: 1. SUPPORT PRIVATE INITIATIVES. ' � As a primary course of action, the HRA and the City will promote and support � those initiatives by property owners or other persons in control of project sites to market, develop, redevelop, rehabilitate or otherwise improve their property in accordance with this plan. Private initiative and investment is the preferred means of achieving the objectives of this plan, and will be encouraged. The HRA or the City may, without acquiring property, enter into agreements with property owners or other persons in control of project sites which identify specific private responsibilities for the improvement of sites, and will seek private guarantees to undertake redevelopment in accordance with this Plan. To induce such agreements, the HRA and the City will provide for, or cause to provide for, the following, as is necessary and appropriate: A. ADMINISTRATION of those public processes and requirements deemed necessary to support or allow development/redevelopment of property to occur , in accordance with this Plan. If applicable and advisable, the HRA and the City will provide assistance to developers to allow them to take responsi- bility for administrative activities. These include, but are not limited to: - Coordination of project activity, financing and review with human service agencies, citizen participation entities, and other state, regional and federal government agencies; - Initiation of vacations, rezonings, dedication of public rights-of- way, or other public actions as may become necessary to implement this Plan, in accordance with state and local statutes. This will be undertaken by the HRA or the redeveloper. - Provision �f standard municipal services to adequately insure public health, safety, and welf are; - Enforcement of building codes, design controls, site covenants, provisions to insure compliance with state and local requirements relating to non-discrimination, income levels, environmental quality, f aithful performance, and any other public objectives relating to the purchase, development, improvement or use of the land; - Property exchanges. B. PUBLIC IMPROVEMENTS, as needed to provide for adequate public access to and use of riverfront space and project sites. These include, but are not limited to, installation/construction/reconstruction of streets, parkways, utilities (mainline collection systems), parks, walkways and trails, bridges, flood control structures, and other public improvements or f acilities as necessary or desirable to carry out the objectives of this Plan. Public improvements will be undertaken in phases (of time and location) that coincide with and promote rational development patterns. Costs of such improvements may be assessed to the sites served by them. C. FINANCING to provide affordable sources of financing to private companies involved in developing components of this Plan. There are several financing mechanisms that can be used as appropriate to accomplish the objectives of this Plan. They include, but are not limited to: - Tax Increment Financing - Industrial Development Revenue Bond Loans (Taxable or Tax-Exempt) - Ot�her Revenue Bo�d Loans (Taxable or Tax-Exempt) - Nousing Revenue Bond Loans - Mortgage Subsidy Bonds � - Urban Development Action Grant (UDAG) Loans - Acquisition/Lease/Sublease � - Land Lease � - Equity Participation - Development and Rental Assistance Payments - Interest Rate Reduction - Implementation of statutory authority for creation of projects : ` and undertaking of activities where it is appropriate to use other '- financing methods. In selecting methods of project finance, the HRA and the City will take into account the forms of other assistance available� and negotiate with individual developers so that a method can be chosen which provides sufficient incentive for the developer to create a quality product. 2. LAND ACQUISITION. As an alternative and/or complementary redevelopment technique, the HRA or the City may choose to acquire certain property, as authorized under Minnesota Statutes. Acquisition of property will be considered when such property is found to have any of the following characteristics: A. Blighted areas, buildings, and other real property, where removing such can remove, prevent or reduce blight or the causes of blight; B. Open or undeveloped land blighted by virtue of conditions which have prevented normal development by private enterprise; � C. Underused or inappropriately used land which may be converted to other uses recommended by this Plan at a reasonable cost without major clearance activities; 14 �� �%�'-���'.� D. Land necessary to complete parcels which would be suitable for development; E. Lands or property declared to be unsafe or otherwise hazardous to- public health and safety; F. Other real or personal property as necessary to accomplish the objectives of this Plan. Acquisition of property will be undertaken in strict adherance to state and f ederal statutes (as applicable) governing procedures for such activity, . including the provision of relocation services, assistance and benefits in . accordance with Minnesota Statutes Chapter 117. 3. SITE PREPARATION. The HRA or the City will undertake or cause to undertake those actions deemed necessary to prepare acquired sites for redevelopment. These include, but are not limited to: A. Demolition, removal or rehabilitation of buildings and improvements; B. Activities to correct adverse characteristics of the land, soil or subsoil conditions, unusable subdivision or plat of lots, inadequate access or utility service, flood protection, or other development- inhibiting conditions; C. Activities deemed necessary or desirable to remove, reduce or prevent ' other blighting f actors and causes of blight; D. Other activities deemed necessary or desirable to improve and prepare sites for development rehabilitation or r�edevelopment for uses in accordance with this Plan; E. Installation, construction or reconstruction of streets, parkways, utilities, parks, walkways and trails, and other public improvements or facilities as necessary or desirable for carrying out the objectives of this Plan; F. Provision of relocation services, assistance and benefits in accordance with Minnesota Statutes Chapt. 117. 4. LAND DISPOSITION AND IMPROVEMENT AGREEMENTS. The HRA and the City will sell, lease, or otherwise dispose of acquired property at f air use values in accordance with the requirements of applicable laws and plans, and subject to purchaser's contract obligations, by any or a combination of the following methods: A. Af ter clearance and/or provision of site improvements; 6. After rehabilitation at its f air market or reuse value so improved; C. Without clearance, to rehabilitate, clear, or otherwise improve the property for the purposes and accordance with the objectives and requirements af this Plan; D.. To public bodies for the purposes of providing public improvements or supporting f acilities; , . F. 6ENERAL LAND USE PLAN Predominant land uses and related elements of the Riverfront Redevelopment Projec� shall be in accord with the objectives of the Comprehensive Plan of the City of Saint Paul . A description of intended purposes and character of each follows. Proposed general land uses are shown on Map B. 1. PUBLIC OPEN SPACE It is a highest priority to reanimate the riverfront by promoting those , activities and facilities which make the riverfront an appealing place for the public at large to visit. The best way to do that is to develop recreational opportunities and attractions that encourage public access to and use of riverfront spaces. The Mississippi River shoreline will be a continuous, publicly-supported, river-oriented park and trail corridor. It will unite the major elements of the project area. Development of public facilities within and �adjacent to the trail corridor will be undertaken according to site-specific standards, based on the physical capacities and programming needs of the particular site. At a minimum, provision of open space, trails and associated public facilities shall maximize public access to the shoreline and views of the river and provide those physical improvements that increase pedestrian comfort, safety and pleasure. Major components include: A. A continuous pedestrian/bicycle TRAIL CORRIDOR, adjacent to the river, extending from Harriet Island-Lilydale Park to the Pier Foundry site on the south shore of the river, and from • Randolph Street to Warner Road on the north shore. Plazas, ' cor�nemorative markers, and other elements will be provided as appropriate; 6. "UPPER LANDING SITE", a passive open space extending eastward at the river from the foot of Chestnut Street, to provide for a focal point at the site of the historic Upper Landing, to enhance the historic and physical connection between the landing and adjacent Irvine Park and West 7th Street neighborhoods, and to enhance the entry into downtown along Shepard Road. C. KELLOGG MALL, to continue as a major bluff-top park, promenade and look-out on the north side of the river. The bluff-f ace overlooking the river offers extraordinary opportunities to extend the use of the park, both physically and seasonally, if it were enclosed, . reconfigured, and terraced to the river below; D. LAMBERT LANDING, to provide for pedestrian movements and trail connections to upstream and downstream parks, a plaza, and a servicable landing .for comnercial and pleasure boats; E. "LANDING PARK", a broad expanse of passive open space on the eastern fringe of Lowertown, adjacent to the river, to increase public access � to the landing, and to create a more gracious entry to the city on Warner Road; 17 _ !'� , . � i� �' l� , � � •� �� ,I .r.._ � --J l � , �I � -�.�, n � � , .. . �. � �� �� . . . . •�.. . - / !;j ' � i� � iI i:i i ' '�......,� U /C �'�? •;' � I � .. � i���• � '_'�. \ - � � � • � � • f\ �`-`. 1i. ��. :I� •�i i i �',! �� �� ��� ' �'�; � ����i• I.. `i\I C L'``�``�\ �� �j-5` ��',; �, 1! Ji �� ::::• f'. .=: r� - ���-- ["'� . . . .�.� � ; �_. �' _ _,' 'Q� ,�.�1 1°�� ��:: ,�� O \���_ '�•' 1 � . . .. . � � ' � i�- � � � ",� • �• / � •��• � , ::•. 1 �,� 1;7''C ° �1 n • � • �." "",.., . l�� .�� _-lJ L�4��;�__ �I� i�i i qor—� � , •.�: , �,, � •. . .. . � �( -� 1 ����p�^�I� • � � ��.1�� � ! �� . . �'� . .�W' i • wM � � • J r1 � � , r I I I II �! �11;~ � �� ;/ -' L� //�i� 'I �; � � � -��,�;� ���,� I — _ �o�;�__��� _� � 1��:;:, ° # . - --- - -, � � �� � � � % � ��� � o ; . � r � � i' , ���jI�;�D�;�o�_ ;i� � __ � i ; � � ._ �ca- j — ;:;;:::>:<:; '� ,� _ ■ ° I L— o np� n i � ' `�-'' `� ` � �,' �1,� ?Lc� �1 .;� �.��J1�' ° -��:'''�:,�'� ��� '� `' �. �� ' � , �, �� i ;� 'J � « r.i: '; :. �,� �,� � `;�.-- // \ ; � ! , >.,�• ' ' � �:�����`'�:': •�- � � . •� :;<:�:s:::�:<::;:>::::>:: ������:���\. . %/ To v � � �:�'::'�'. tl1 �'� _ . ,� p �._::..:��:»:;. � � . .��� z c `�_ ` � �:;::':;:'�:�:�: . ... i t; .4 �� �.:..:�::�� � ��_=1����- �,� i w m � �+ r'S '� � -�10;�-�, '''`;;���i��>.� ' ,. 4`::<;::.: ... �.�.J�'.�� .� .: ,� v «' o �. � �� � ..�a..,r.�. .:•:'.. `. � �t�`� /�� � � � I I �Ss•>::> c.� � � ?r+ .. �t w, , :' ` �.,�:.� .�..._. t � C O J: � ! + °�� � , ... f WIy�� �J �_ 'i;C::;:;f3: / � . i� �' �—�,�,� - :I((��/ 1+._ /i ' �i � �I � � 5 �/�': �` ❑ O� • • n ��)�� ' b �r '♦ � �' i• � �--- *'-- -- _ �--�„ �; ;�� � i� � � � . -1. ;J<'Q�;'� / E� ' -� �' ��� O,f,� �;/'�� ,/ ;' � � � '� .i �( u��'�,// ' ��/ a o a -�l. i .� �� ,;i' �:��:�::::�::<;;��;;���::�� � � � u � � I i I i,,�`��(�/` ; '?�.:-.»�:...```'.;>:?;.;.;..: � ��� o a F � � � �,� t�� € � �' �:�° �� � � "/� � '"�� � '.;..�....��.�....���.����,..:.; �� �'~-� � c�i ip w � �` I'-i, / � i, '°; a � « �o — � ,` � V ";' � :.:;.;:��._.:..::.::t � Q a c ` 'Q � �1 r G � I, :�;;;'3i�;;;�i�`.��� ! / N O 4► // :i; ...�;`"�;' � 'v 6 .G` ` /T.;, �;A' �i �'':i'f:•::r:;:�::{'i / �p C " O IA E C /. ��� - � �::,,�;;;:;::. � !0 �' `',. � _j' ',�;, � , ;�;�;i�;; a a o � )�-/�• ,; �'"'.'.:'��� d O � V � �.� �.;:;. O C . � '•;•�• i • • •} �� o �o� s,�_ �;, ..l.. .. :� - - 11 � � � � 1 ��1 ••'v�• � , /-', .'..•''��. ��i /r � 1���� � ����'1r �'�O, ��•.k•.. � �.'1 Q�.1 ••�,� p° •'.'�'�' ,� in� � �,���' •:ty 1���'�'110!` :{:�:.. \ . � � ' 1 '''•� � : ". �� � � � � o� ,, �� ,.•. �� � � :,�. ��''� .1 ;�sv � .. o, � Ga �� � p, J 1� � ���� ,p . k � , � �.`�1 k2jG�'� 1',� 'ppp'�p 4,I .-;�'. � `':�� O � i �� C/�.� � // r � � �,\o � , p°o o ��i� � , . `', �V / C—/, � C �{ W �� �0 1�� o0I I�':�:':> � ' ✓ 'V 3� � � � t � : �:::.:: fl !a\ / > � � d � � ! .���`��::`::`:`:. .r I b � � �, � �.o� :�:�:�:�:::::: _ � �\ r � QG.. �. I '�'�'�` �\ I� p c�p o a � a�' � � I ��������`���`��� r:, �� � . ���\ � � �` / , :; ,: ��::. ,n � . � e.� o a � l� � �Y � � � �I �;;�::�i.;::::: ! � �\ ti > (��/ j ��:::.; 1 , °� � �,� � . C� � . �� ..>. • � �o o�� Q � ��� � ���o ,, '.���.`'�<���>�-. � \ -� ` � � � � /I ''��''>` • � I F r�\� a�.^.. � �" •'� l I � , � L- ; � % � �� �/ . .r.�-�"r"`-- o � c/��, m� a ,' �V�� � `,t•� � � ,¢• o � ; J � , �- �� a ���, /� _( _ � �� �.G�� ��� � } � _ _ � �� - /� �3 F. HARRIET ISLAND, to continue to be the major urban open space of the downtown riverfront, providing the variety of active and passive recreational uses and opportunities consistent with its setting and designation as a regional park; ._. G. NAVY ISLAND, to continue to provide passive open space on the city's only true island; H. Privately developed open space, as may be required by land sale and development contracts. 2. PU6LIG FACILITIES & UTILITIES There are several facilities on the riverfront that serve a city-wide population. As such, they provide services that enhance the economic, social , cultural , recreational and educational base of the city. As necessary, they will be improved to accommodate projected d`emands upon them, and/or to extend their useful life. They include: � A. The floodwall/levee flood-control structures; B. Sidewalks, bridges and roads; C. The Civic Center parking ramp; . D. Water, sewage and drainage systems; E. District heating. Other facilities will be encouraged as activity centers, to be developed public�y or in conjunction with private ventures: � � A. Marinas and marina services; B. Facilities for exhibition, public entertainment, research, teaching, museum/aquarium or other institutional• purposes; C. Parking facilities required to serve predominant uses; D. Commercial recreation and navigation servicing f acilities; E. Commercial uses in limited amounts, intended primarily to provide service to the predominant public user, such as food and beverage establishments, vending, etc. 3. RESIDENTIAL One of this Plan's primary objectives is to provide for land use patterns that reintroduce residential neighborhoods to the riverfront. Market study and � planning analysis indicate that housing is a private development initiative that off ers most opportunity to achieve development in accordance with the objectives of this Plan, and which would create conditions that entice other preferred development. . The types, amounts and prices of various housing units will all depend on prevailing market and finance conditions at the time specific projects are conceiVed. Sites for residential projects are recomnended as follows: A. On the south shoreline of the river, on a site bordered by Wabasha Street on the west, Fillmore Ave. on the south, and Robert St. on the east; (Note: See Par. 4(E) beiow.) B. In the SOUTHBANK INLAND AREA, in the vicinity of Harriet Island Park, on a site roughly bounded by Water St.and Plato Blvd., west of Wabasha St. ; C. At the LOWER LANDING, where new development utilizing air righ�t�s over the railroad should be encouraged and include housing in conjunction with office, com�ercial, hospitality and entertainment elements. Where appropriate, adaptive reuse of the depot concourse and other significant structures should be considered. D. On the north shore of the river, at the UPPER LANDING, where a new � residential site would be established in the area west of Chestnut St. and below the bluff, by realigning Shepard Road to remove the � roadway from the shoreline between Chestnut St. and the NSP High � Bridge power plant. E. In the vicinity of the Civic Center, on a site bounded by Fort Road/W. 1th St. , Kellogg Blvd. , Exchange St. , and Walnut St. , where new development will be encouraged and include housing in conjunction with office, commercial, entertainment and hospitality elements. 4. COMMERCIAL: RETAIL & OFFICE . . To a large degree, development of retail and office space will occur as a market response to other population generators such as housing and other regional attractions. Most likely, this response will manifest in a combination of rehabilitated existing buildings and development of newly- � constructed buildings to accommodate 'special opportunities' such as -�� restaurants, a single-owner headquarters complex, convenience commercial services, or smaller offices that prefer to be located close to, but not in, the Central Business District. Sites for commercial (office and retail ) space are recomnended as follows: A. At the LOWER LANDING, where new development utilizing air rights over railroad property should be encouraged, and should include commercial space in conjunction with housing, hospitality and entertainment elements. Where appropriate, adaptive reuse of the depot concourse should be considered. B. At the UPPER LANDING, between Shepard Rd., Chestnut St., Exchange St., and Kellogg Blvd. C. In the vicinity of the Civic Center, on a site bounded by Fort Rd./W. . 7th St., Kellogg Blvd., Exchange St., and Walnut St., where new development will be encouraged and include commercial space, hospitality and entertainment elements in conjunction with housing. D. On the south shore of the river, along Wabasha St. to Plato Blvd., . and in the vicinity of HARRIET ISLAND MARINA, including sites west of Wabasha St. on Water St., and on the upstream end of Navy Island; r E. Along the river, on a site bordered by Robert St. on the west, Fillmore Ave. on the south, and the Pier Foundry site on the east, including the site of the existing office building on the northwest corner of Robert St. and Fillmore Ave. 5. INDUSTRIAL New industrial development or expansion of existing uses will be encouraged at higher employment densities and construction concentrations than currently exist on the sites. Prime sites for additional industrial development are: � A. At the UPPER LANDING, in the area roughly bound by the existing NSP High Bridge plant, the river, a realigned Shepard Rd. (west of Chestnut St. ) and the existing bluff; B. At the f ar-eastern end of the AMHOIST SITE, in the vicinity of the Laf ayette Bridge; C. In the SOUTHBANK INLAND AREA, on a site roughly bound by Fillmore Ave., Wabasha St., Plato Blvd., and Robert St. 6. VEHICULAR CIRCULATION Major vehicular access to and through the Project Area will take place on existing roadways. Major streets, to be maintained and improved as . appropriate, are: Chestnut Street, Kellogg Boulvard, Jackson Street, Sibley Street, Wabasha Street, Robert Street, and Plato Boulevard. A. Shepard Road and Warner Road (between Randolph St. and Childs Rd.) will be redesigned and rebuilt to improve engineering characteristics and traffic safety. The City will investigate advisable ways of realigning segments of these roads to provide additional shoreline space along the north shore of the river. The final decision on the alignment of Shepard Road and its intersection with Chestnut Street may have impacts on the reasonable and appropriate redevelopment of the Upper Landing site. When the alignment and intersection decisions have been made, the reuse of the Upper Landing will be evaluated by the City and the HRA, in conjunction and after consultation with the appropriate District Council, the Riverfront Corronission and the Planning Commission. As properties are developed, public collector roads and private access roads will be established. Al1 streets (collectors and internal circulators alike) will be treated with appropriate landscaping, lighting, signage, rest/overview stops where advisable, and. other materials to establish a pleasant character. Costs for such improvements will be assessed as appropriate. n 1. DESIGN CONTROLS The HRA will develop detailed Design Controls that address specific considerations of exterior design on each site, and will arbitrate design discussions. The Design Controls are not intended to dictate specific design solutions or inhibit design freedom. Rather, they will be used to insure an integrated and mutually supportive approach in the development of subareas, and to insure a consistently high level of design quality throughout the . riverfront. , As a component on the St. Paul Riverfront Pre-Development Plan, the St. Paul Riverfront Commission prepared "Urban Design Guidelines" to support the various planning decisicns and development choices which have been recommended in this Plan. The Urban Design Guidelines will be used as the basis for the �Design Controls. They are attached as Appendix A. 21 r , 6. OTHER NECESSARY PROVISIONS TO MEET STATE/LOCAL REQUIREMENTS 1. NON-DISCRIMINATION Every contract for sale, lease or redevelopment of project property will include provisions against land speculation, require compliance with all applicable state and local laws, prohibit discrimination or segregation by , reasons of race, religion, color, sex, or national origin in the sale, lease . or occupancy of the property, and require that this latter provision be made . a covenant running with the land and be binding upon the redeveloper and every � successor in interest to the property. � The redeveloper must comply with provisions of Sec. 73.03-A of the St. Paul Human Rights Ordinance on affirmative action employment. Agreement for compliance by the redeveloper will be asserted in all subcontracts, subcantracts or purchase orders, where the redeveloper wi17 also be defined as the "contractor" or "subcontractor" as appropriate. 2. DURATION OF CONTROLS The provisions of this Plan respecting land uses and associated regulations and controls that govern redevelopment will be in effect for a period of thirty (30) years from the date of approval of this Plan by the City Council of the City of Saint Paul . . 3. ADVISORY BOARD The Saint Paul Riverfront Comnission may f unction as an advisory board to the Council of the City of Saint Paul and Board of Commissioners of the Housing and Redevelopment Authority for purposes of advising the Council and Board on the implementation of the Development Program and Redevelopment Plan, and the construction, maintenance and operation of the Project and District. The designation of the Commission as the Advisory Board, and the delineation of the scope of advisory powers and duties will be made and prescribed by future resolution of the Council of the City of Saint Paul . Approval of this Plan and Program by the City Council constitutes a statement of present intention to designate the Riverfront Comnission as Advisory Board. 4. EFFECT OF PLAN ADOPTION ON PREVIOUS REDEVELOPMENT PLANS AND DISTRICTS Adoption of this Plan wi11 have the following effects on previous redevelopment plans and districts: A. Upper Levee Renewal Project (R-3) : Adoption of this Plan will rescind the R-3 pro3ect and program. B. Riverview Renewal Project (R-26) : Adoption of this Plan will amend land use recommendations for those portions of Riverview Renewal Project that are located within the Riverfront Redevelopment Project, as described in Section A of this Plan. Land use amendments are described in Section F of this Plan. 22 � , C. Riverview Industrial Project West Seventh Neighborhood Development Project (Minn. A-1-7) Seven Corners Neighborhood Development Project (Minn. A-1-6) Downtown Urban Renewal Project (R-20) Central Core Neighborhood Development Project (Minn. A-1-5) --- Seventh Place Redevelopment Project : Plans for these projects will remain in effect to the extent that they are consistent with the provisions of this Plan. Where they are inconsistent, provisions of this Plan shall control , and eff ected provisions of said plans shall be amended by relevant provisions of this Plan. � 5. RELOCATION PLAN � A. Policies and Regulations - A f amily, individual , business firm, or non-profit organization required to move from property that has been directly affected by a publicly sponsored acquisition activity is eligible for relocation payments to assist in obtaining and moving to a replacement dwelling or location in accordance with �he provisions and requirements of the � Federal Uniform Relocation Assistance Act of 1970, and of Minnesota Statutes, 1984, Section 117.50. In the event any redevelopment project does not involve acquisition for a federal or federally-assisted project, nor involve , acquisition within the meaning of Minnesota Statutes, 1984, Section 117.5Q, the City elects to provide relocation assistance for f amilies and tenants � i nd i rect ly. It is the intent of the City to provide relocation assistance to. each person to be displaced in locating a suitable housing unit or place of business. The � foliowing services are provided; .>. - Eligible persons are informed at the earliest possible date as to the availability of relocation payments and assistance, the eligibility requirements, and procedures for obtaining such payments. - The extent of need of each eligible person for relocation assistance is determined through direct personal interview. - Current and continuing information is provided on the availability and prices of comparable sales and rental housing, and of comparable commercial properties and locations. - Information concerning Federal and State housing programs, loans and other special programs offering assistance is supplied to eligible displaced persons. � - Other City, property owner, and referral services concerning housing, financing, employment, training, health, welfare and other assistance is provided in order to minimize hardships. . - Assistance is provided in campleted any required applications and forms. - Services are provided to insure that the relocation process does not result in different or separate treatment on account of race, color, religion, national origin, sex or source of income. , � ��-/�s.�... 6. Organization and Staffing - The relocation staff is part of the Saint Paul Department of Planning and Economic Development (PED). Supervisory personnel, relocation advisors, and technical and clerical employees are responsible for administering the above policies for Federal programs, and for such other programs as the Section 312 Rehabilitation Program and acquisitions for Ramsay and Washington Counties. The PED relocation staff will work directly wi�h property owners in administering the locally adopted Relocation Guidelines. � 6. PROVISION FOR PLAN MODIFICATION AND AMENDMENT This Redevelopment Plan may be amended at any time in the manner provided by law. The Saint Paul Planning Cormnission will review all amendments for conformance with the city's Comprehensive Plan. , � Z,e. �`""r� 2I'��'E*>�." .MR �3 .4+e�Fr ° ��' �uvt �, 6�;: . . J. � Aya�x'�t���`Ta L'�'4 i+u+,�,e :e �R� a ,�r y�; ��� ,.. t 5` ��°- : i`'"�+�, s+ ;•i.o�.. x , Y .. '�� i. �.�w+ �� i ;��n-'�'�' �....>�. —,+ i���'iF'T . } �r ;-.:�.- -}.+e.rw.:�...+.w+�l��.r_ . . ' '����`�ti; : �z�'':< �"�,, ,�a ,�� .�+1DS.wwe� �w� � ' ^ * � „� ; �t �a: a�#�iAt���.��p* "" r.. � ����; ��� ���� �I'��Y. � � u�:i .� ,r .:�,��, - _ ��. , . �a..� �, � -�' �>�'f � k" ,�, x +� :.., � .. . . =" . . . . . ",. . . � .: r � , - � • : . ,� f� . ' . S' . �S5{ +�� •' � � �e _ � . Ar,'� ����� y �" . ,� :-� •'...«.�. q:�. ... ��+ t� ' .. .. .a '.�i^ . . -:.. ..,� . .. . ,p ' ,y v. ,: '� . . ■� � .. < .Y' o„Gr �•�,. .. .):.�:..� .:� .. . ....�.w. � '.:.».. :� ��. ,�`�",� 4,y� -� ��V' :., St3` .� �.z�` S - . .. � j"� �teferred�'o �� � � '�` �nmittee: Date ., . -. : � : �;.� 'flnt'of Cammittee By Date 1 . � � � x:�;s . . � � . � . . r � _ �'` �. .�x� , . , . , �.�, :..:� � .�` � --:�', , � �. �.. . . . � 1.�-� .� . �, . . .. . . . . . . . . .. � � . ,.,�;� . . . � . . . . . .. � RESOLUTION RELATING TO THE RIVERFRONT REDEVELOPMENT PROJECT AREA AND DEVELOPMENT DISTRICT, APPROVING THE REDEVELOPMENT PLAN �ND DEVELOPMENT PROGRAM, AND APPROVING ADOPTION AND CREATION OF A TAX INCREP�IENT PLAN AND DISTRICT WI'T�IIN AND FOR SAID REDEVELOPMENT AREA AND DEVELOPMENT DISTRICT WHEREAS, the Cit�- Council �the "Council") of the City of Saint Paul, t4innesot�a (the 'City") ,� has the statutory responsibility under . Minnesota Statutes , Section 469.028 to approve a redevelopment plan proposed by -a Housing and Redevelopment Authority, and under Sections 469.124 through 469.134 and Sections 469 .174 through 469. 179 to adopt a development program and to approve and adopt a tax increment financing plan within the City, in each case after public hearing thereon; and GJHEREAS, the City proposes to undertake, in cooperation with the Housing and Redevelopment Authority of the City of Saint Paul , Minnesota (the "HRA") under a Joint Powers A;reement, the Riverfront Redevelopment Pro�ect and Development District (the "Project") pur- suant to the Redevelopment Plan and Development Program for the Project {the "Redevelopment Plan") and to finance the Project under- taking throu�h the creation of the Riverfront Tax Increment Financing District (the "District") pursua.nt to the Tax Increment Financing Plan For the District (the "Tax Inerement Financing Plan") ; and WHEREAS, there has been presented the Council in connection with _ the proposed Project and District the following documents: < � CO[JNC[LMEN � r. Requested by Departmeat aE: Yeas �+tays ,'�`� ,�',' � '`�'` Plannin and Ec omic Dev o ent ''�a Favor..�_ '�,°_�. _ - .. . : _: � . f .u � �� . . �b...,. .� . yy� - _ '�' L:.' .. �.... S ��� .. ,. . . -. � � , ... � � � � � ��M�` ,Y• ,���� . . ."�� • � � �� '�r K �M^�����,{�� � ��.- .�. L . . g � � � a� s�ro� � xil:�.4#�� v��'�3�s. N-+I�•rtJ � 'S j��R� ;�. � Ev� � . '^" v ' a• ...• � . .�. .f� 'A ��': � R .. } ! e. r _ �� � i� . . . ., T�fJ ` . .. . N' �','��`�4 F=' . . .. ..- . . . o , , .- ... � .., � .. �x J; . - �� . ..�.._ . :.r . .. . . -.. �. C�''.�lCt'�G�Yt'�! '� y. � .� � � �I 1 � � t �; V � x� �y{ � 4� � . �.Z, �, a":+eY; �'G, �'• �„*'�, ;,� ,� ; . ��' �,. ' . r _ e �;:: ,� ,,m � �,y�.� . �„ � d . Q� a .: . �ec, �.. '� ,e �,+���.:�, e�i fx � � � �. - _ *�;���� � ,� i v i~ w a .. �,,� .. �&'j!,�`�k ;�s,,�,s. ,,. .,y�1�.,,.«:�. .�.^�� .-�. ,�.��• H '�, .+�+�. ,xitr* `���'. 't <� � �� ��.����.�.��-��,.c�+ 't?*u�� �,.s�a s�� �',_ l��y��a`i7�ss��Zd�i.�iG� � ��i�� `" �{�'�2: '� k�• t ,..R ;- f , , �� �.� - rf. i -c .� W j.�r '� . '�" ,� �"�'��� �� X�� ��r- r� � ��., y� u�c'F. " e.,:: " , .. � .;� . ': .' , . ? . . � .. '� . . . ,.Y: . , . .� .... r.;'..C`+.., .. .., P'ea31�.. � . . . , _ e -2- 1 . The Redevelopment Plan; 2. The Tax Increment Financing Plan; 3. The Saint Paul Riverfront Pre-Development Plan and Pre-Development Plan SuBUnary prepared by the Downtown Riverfront Commission; 4. The Saint Paul Planning Commission Report to the Mayor and City Council : Review of Riverfront Plans including the written opinion of the Planning Commission on the Redevelopment Plan; 5. As a part of the Redevelopment Plan, a statement of the method proposed for financing the Project and a statement respecting displacement and temporary relocation resources for persons and businesses displaced by the Project undertaking; b. As a part of the Tax Increment Financing Plan a statement of reasons and supporting facts for determination fh.at the District meets the requirements of a redevelopment district under Minnesota Statutes Section 469. 174 Subdivision 10; and 7. The resolution of the HRA approving the Redevelopment and Tax Increment Financing Plans ; and WHEREAS, the Pre-Development Plan, Redeveloument Plan and Tax Increment Financing Plan submitted contain an identification of need and statement of objectives and program of the City and HRA for carrying out of a redevelopment project and development district undertaking in the Project District, including property to be acquired, public improvements and facilities including open space to be provided, land use controls including pronosed reuse of private land to be employed, property disposition to occur and other redevelopment project activities and operations ; and the Tax Increment Financing Plan contains estimates of the. public redevelopment cost of the project and District, including administrative expenses , amount of bonded indebtedness to be incurred, sources of revenue to pay said bonds and other public redevelopment costs , the most recent assessed value of taxable property within the District, the estimated captured assessed value of the District at completion� and the duration of the District's existence; and -3- WHEREAS, the City and HRA have provided an opportunity to members of the Ramsey County Board and Independent School District No. 625 to meet with the City and HRA and have presented the Board members of said County and School District their estimate of the fiscal and economic implications of the proposed tax increment financinq district; and WHEREAS, the Saint Paul Planning Commission has reviewed the said Redevelopment Plan and Tax Increment Financing Plan and approved the same as being in conformity with the Saint Pual Comprehensive Plan, as amended, the general plan for the development of the municipality as a whole; and WHEREAS, the City Council conducted a public hearing upon the Tax Increment Financing Plan, in conjunction with a public hearing upon the Redevelopment Plan, all after published notice of a hearinq on both such plans in the Saint Paul Pioneer Press and Dispatch and Legal Ledger, and in accordance with statutory notice requirements. Affidavits of publication are on file with the office of the City Clerk. WHEREAS, at said public hearing the City Council heard testimony from all interested parties appearing on the approval of the amended Redevelopment Plan and Project proposed, on the creation of the District and on the Tax Increment Financing Plan; and WHEREAS, the Council has considered the findinq and determinations of the Saint Paul Planning Commission and the HRA, respectinq said Project, District, Redevelopment Plan and Tax Increment Financing Plan, and additional reasons and supporting facts recited herein and in the Pre-Development, Development and Tax Increment Financing Plans; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Saint Paul, Minnesota, having reviewed and considered the documents submitted and the recitals, representations and provisions contained therein, and having wefghed and considered testimony presented at the public hearing together with evidence developed in connection with the Council consideration and adoption of Comprehensive Plan and Zoning Code amendments respecting the Project, as follows: 1. It is hereby found, determfned and declared: -4- A. That the undertakings and area of the Project � as described in the Redevelopment Plan, constitute a "redevelopment project" within the meaning of Minnesota Statutes , Section 469.002, Subdivision 14; B. That the land in the Project area would not be made available for redevelopment without the financial aid to be sought; C. That the Redevelopment Plan for the Project will afford maximum opportunity, consistent with the sound needs of the locality as a whole, for the redevelopment of such Project area by private enterprise; and D. That the Redevelopment Plan conforms to the Saint Paul Comprehensive Plan, the general plan for the development of the locality as a whole, as the same has been amended upon Planning Commission recom�endation by Council action. 2. It is hereby found, determined and declared: A. That the designation of the area of the Project described in the Redevelopment Plan as a "development district" within the meaning of Minnesota Statutes Section 469. 125 Subdivision 9 will �rovide new development opportunity in a built up area of the City and will provide employment opportunities thereby improving the municipal tax base and strengthening the general eeonomy of the City and State; B. That consultations respecting the Project program and proposed designation of the Proj-ect area as a development district have been held with the Saint Paul Planning Co�unission and with the Saint Paul Downtown Riverfront Co�ission as the advisory board for the Project; -5- C. That feasible means exists to provide temporary relocation of displacees in accordance with the requirements of the requirements of law; D. That the City hereby designates the area of the Project described in the Redevelopment Plan as a development district numbered and styled as Riverfront Development District (Development District Number 4) . 3. It is hereby found, determined and declared for the reasons and upon the supporting facts set more fully in the HRA Resolution and the Tax Increment Financing Plan, which Resolution and Plan are hereby incorporated and made a part hereof: A. That the District constitutes a "redevelopment district" within the meaning of Minnesota Statutes , Section 469.174, Subdivision 10, and that the District �aill result in the removal of conditions of blight and sub- standardness ; B. That the development or redevelopment uroposed in the Tax Increment Financing Plan, including particularly, but without limitation the Project, would not in the opinion of the City reasonably be expected to occur solely through private investnent within the reasonably foreseeable future without t�e �public financial and other public assistance proposed, that the usual sources of public revenue are not adequate to provide the required level of such public assistance and that, therefore, the use of tax increment financing as proposed in the Tax Increment Financing Plan is necessary; and that private investment along will not put the properties in the District acquired by the HRA to more productive use in the reasonably fore- seeable future; C. That the Tax Increment Financing Plan conforms to the Saint Paul Comprehensive Plan which is the general plan for the develovment of the -6- municipality as a whole; as the same has been amended upon Planning Commission recommendation by Council action; D. That the Tax Increment Financing Plan will afford maximum opportunity, consistent with the sound needs of the municipality as a whole, for the development or redevelopment of the Redevelopment Area and District by private enterprise; and that the assistance provided pursuant to the Tax Increment Financing Plan is a necessary and desirable encouragement of private development; and E. That the City elects the method of tax increment computation set forth in Minnesota Statutes Section 469. 17 , Subdivision 3, Clause (a) ; and that this election is consistent with the needs of the financing for the initial District and past practices of the City. 4. The Redevelopment and Tax Increment Financing Plans and the Project and District thereby created are each hereby approved and the HRA is hereby authorized to undertake and administer said Project and District in accordance with the Redevelopment Plan and Tax Increment Financing Plan and in accordance with the Joint Powers Agreement between the City and �HRA respecting the Project and District. 5. The HRA is authorized to file two copies of the Tax Increment Financing Plan with the Commissioner of the Department of Trade and Economic Development of the State of Minnesota. 6. The HRA is hereby authorized to file copies of the Tax Increment Financing Plan and this Resolution with the Ramsey County Department of Taxation and Records �, . . . i;; , , _. w :. . .y ..,p , . , . �.. . , . _ _ , z . . �,. ___ �._____. � �—.____ --_- -,_ � , ��`__: . �_ _� .�..�.�u_.—.—_�_�.�--- ------------- wH�TE ..c�tr e�:wK �� PiNK �i1NANC�E � � �� :�.. � . �V{qp{;lI . - CANAI�Y—DEPARTMENT GITY OF �SA�INT PAUL �. �File NO. � ��/�j� �. . �WE �MAYOR � _ • c �� r �� � ��� - Council R�esolution � : � �� �`°` `�' Presented By ,� Referred�'o Committee: Date � ` Out of Committee By Date I -7- Adninistration and Ramsey County Auditor with its � request for certification of the original assessed ; valuation of the District. , ', � , �I € �„ �� �� . . . � COUNCILMEN : � � Yeas Nays > Re9uested by Deportmeat af: : � ; �, �- ' ' In Favor P�nnin and onomic �eve ment " �- _ , " � ' Against $y _ � -. 2 ;. � .�. . _ �: ,: _ . _. , , ,. :� ,.. . : , ,- � � _1 .: '� . � . M � ���4: �,,q.fl +�.'t��' ; � ~zs �.�,.,, ' a� �+ ' < �+ " s�, �,����"x.,r� d0'- �s� a �{9R� , � ����O[� � ;< ., � ' � .� .,,� ° . - , r r'�� £ .��.#iP�R�w��'�R"'�� pr"� �� r.. �..�' x , '��'s� - �.¢' {► �,�� ,3r,sy, ��'4se�,., �{,���� . �c . .?:': , �....:;. :.,.. `s. M,..;.'. s,a '-.: : . � , ,� � `"iz , .aL _ _ : . - _ :' . � : Certified Passed �y CouACil Sec�ry � � '�'Z �� � , .., ,,� ' �s � r� ' � �� � �wY � � . . , , '� �` z:. � . � , . . •.�.. • .., " .-' ' , " . . . ,;.� � r�.:n y� r�"` s , ,., v . . � �i�^ . . ,y ,, ,.. ,,� g ��. � � .;�y� ,'S-� � . �, ; , s�{� �.. - .-. I� ��L.,�� '�.: �t �` Appro+iea by Yevor: ��ate _ . . llpproved by Mayor Ea Snbmission to�o�mcil � f. �c, O Is�,,� �' � - ,,�'� �� /Via�M�i2 /o NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that a public hearing before the Council of the City of Saint Paul will be held in the City Council Chambers, City Hall, 15 est Kell g Boulevard, Saint Paul, Minnesota, .at 9:00 o'clock a.m. on 1987, to consider proposals of the Housing and Redevelopment Authorit of the City of Saint Paul, Minnesota (HRA) to adopt a DISTRICT AND REDEVELOPMENT RIVERFRONT PROJECT DEVELOPMENT PROGRAM, a REDEVELOPMENT PLAN AND a TAX INCREMENT FINANCING PLAN FOR RIVERFRONT TAX INCREMENT FINANCING DISTRICT, SAINT PAUL, MINNESOTA. The City of Saint Paul and HRA propose to form a DEVELOPMENT district and a REDEVELOPMENT project as defined in Minnesota Statutes, Section 469.126 Subdivision 9 and Section 469.001 Subdivision 14, respectively. The City and HRA propose to finance said project undertaking by creation of a Tax Increment Redevelopment District as defined in Minnesota Statutes Section 469.174 Subdivision 10. Copies of the DEVELOPMENT PROGRAM, REDEVELOPMENT PLAN and TAX INCREMENT FINANCING PLAN are on file with the City Clerk, Room 386 City Hall, and with the HRA, 13th Floor City Hall Annex, and are available for inspection during regular business hours. Additional information may be obtained from Rick Wiederhorn (612)228-3398 as to the Redevelopment Project and Plan and from Rick Beeson (612)228-3211 as to the Tax Increment Financing Plan and District. Upon said public hearing all interested persons will be given opportunity to be heard or to submit written comment and the City Council will consider, among other matters, (1) whether the proposed Redevelopment Project would be undertaken within the reasonably foreseeable future without the tax increment assistance being sought, (2) whether the proposed Pro�ect area constitutes a Redevelopment District within the meaning of Minnesota Statutes Section 469.174 Subdivision 10, (3) whether the Redevelopment Plan and Tax Increment Financing Plan conform to the Saint Paul Comprehensive Plan, (4) whether the Redevelopment Plan will afford maximum opportunity consistent with the sound needs of the City as a whole for the development of the Project in cooperation with the private enterprise, and (5) whether the Development Program and Redevelopment Plan and Tax Increment Financing Plan should be approved. Date �GTG/�Q•�,� �� , 1987 Albert B. Olson City Clerk � y �- / � /� RIVERFROhT PLAN REVIEW & ADOPTION SCHEDULE November 4: City Council conducts a final public hearing and discussion of the Comprehensive Plan/Zoning amendments (approving them with whatever changes are recornrnended); November 4 (after City Council Meeting) : HRA reviews and approves the Riverfront Redevelopment Plan and Tax Increment Financing Plan, subject to City Council approval of sarries November 10: City Council conducts a public hearing and approves HRA's Riverfront Redevelopment Plan and Tax Increment Financing Plan.