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87-1140 wHITE + C�TV CLERK PINK I FINANCE COUflClI CANARV � DEPARTMENT G ITY OF SA I NT PAUL File NO. �^ //�4 B�ue MAVOR r � Council Resolution -�, Presenti d By . �� , I Referred To Committee: Date Out of Committee By Date , e i o i.n a , er e auspices o e r, as co�u i se to part}icipate in a bid to host the 1996 Summer Olympics, ar�ci W��, The Ci� of Saint Paul has agreed to �articipate equally with the City of Minneapolis arid State o Minnesota in the first part o the bid, wifh the cost to each partne� of $15,000, ar�d , The Mayors pursuant to Section 10.07.1 of the City Charter, does certify that ere are available for ap�ropriation revenues in excess of those estimated in the 1987 budget; arrl Wf�, The Mayor reco�nends the following chanqes to the 1987 budget: � Current Amer�ded F oI1�NC$�� Bu�dget Chanqes Bwdget (i !9890 Fun�d-Balance, Unreserved 166,106 +15,000 181,106 Designated _ jAll Other Financing 115,689,148 0 115,689,148 �� 115,855,254 +15,000 115,870,254 OO��nII�ii�L FU1�ID F' ce & Mariag ement Services 06000 PID Contribution 106000-02�9 Fees-Other Professional Services 34,680 +15,000 49,680 06000 All Other uzg � 1,542,740 0 1,542,740 j Al.l Ottier Fur�d � 114,277,834 0 114,277,834 j 115,855,254 +15,000 115,870,254 i�T CH�iNGE +15,000 FUR'ii3F�Ct RESQLVID, That the City Council a�roves these changes to the 1987 budget. FURTHEI� RESOLVED, That the City Council raould approve any venue in the City for the 1996 Summer Olympi� ' cing is ail Approval Recomner�ded � � Direc r of Finance Bwdget i tor I - �OUNC[LMEN Requested by Department of: Yeas i Drew Nays � �. Dep . Planning & Economic Develop�nent I Rettman [n Favor - Scheibel I Sonne�■�' __ Against BY Tedesco I Wilson Adoptqd by Council: Date �1UG � ,+ 1987 Form Approved y City Attorney Certifi�d Pa s y ounci Sec BY By Approve y : avor: Da �' AUrj 1 198� Approve yor for Submissi t Onuncil sy _ — By i PU8l.IS#d�A ;"!,�:�� 1 � 1�87 I �, - ,,�� ' � ` � + l .�°_ 010952 � ED DEPART1rIENT . - - - - - - � ane Eastw�od CONTACT NAME � 92-320.9 Pxor� . � � , � DATE SS I G R: (See reve se side.) ✓(/� �, 1 Department Director t� yor�� Assistant) _ Finance aad Management Services Directo �S'I��Clerk S q/V � City Attorney _ 1• TO 1 (Cli al� locations for signature.) T�T Y CT 0 E D T R ? (Purpose/Rationale) , Th General Fund Fi'na�,cing Plan and the General Fund Spending Plan for the De t. of PED will be amended to include $15',000 in financing(fund balance) an $15,000 in spending(fees�-other professiona�. services) . The $15,000 wi 1 be used by St-Paul to participate as an equal partner with Minneapolis an the $tate 6f MN in the preparation of a bid fox 'the 1996 Sum�er Olympics. C��-�,�" : S BUDG RSO EL C �,1 The Olympic Games represent a significant economic development opgo�tunity, $2 illion to $3 billion, as well as an opportunity for the Twin Cities to bec me a premier center for amateur athletics and to gai.n extensive national an internationa( attention. An additional $I50 ,000-$200 ,000 will be needed for the 2nd phase of the initial bid process. This will consist of preparation for and a formal presentation to the U.S. Olympic Committee in 1/1988. Funds FI� . 1 d � A El� OR D D: . (May r•s s#gnature not required if under $10,000.) � To al Amount of Trans�ction: Activity Number: . $15,000 .00 �, 06000 F ding Source: 1 �� Fund Balance, Unrese�?ved, Designated �C ATT N S: (List and number all attachments.) ��L 231987 1. solution 2 . ane Eastwood memo to Blees dated :7/14/87 �'Y�R'S OFp��E ; � ,� � ,�, AD S T V PROCEDURES es _No Rules, Regulations, Procedures, or Budget Araendment required? es _No If yes, are they or timetat�le attached7 DEPAR T REV • j CITY ATTORNEY REVIEW _Y s No Council resolution required? Resolution required? Yes . _No _Y s ✓15to Insurance required? Insura�ce sufficient� Yes No _Y s � Insurance attached? ' � � ; , . A.,�.` u �� //�U . i ' t � I � � CITY OF SAINT PAUL INTERDEPARTMENT/1l MEMORANDUM I� I� T0: Greg Blees � FROM: Jane Eastwood�i, v-� _ - - _ 'I RE: Request for Budget Amendment of $15,000 for 1996 Olympic Bid � DATE: July 14, 1987 II The cit o y f Saint Paul, under the auspices of Mayor Latimer, has committed ; itself to participate in a bid to host the 1996 Summer Olympics. The initial , bid process consists of two phases: I, 1. Preparation of a bid document by September 15; this has an estimated total cost of $45,000. 2. Formal presentation to the U.S. Olympic Committee in mid-January, 1988; the estimated cost of this phase is between $150,000 and $200,000. ' The city agreed to participate equally with the city of Minneapolis and the ' state of Minnesota in the first part of the bid, with a cost to each partner ' of $15,000. The Minneapolis City Council last Friday voted to approve the ' $15,000 expense; the state has already committed the funds. I� We would like to request a budget amendment to transfer funds in the amount of i $15,000 to PED for the Saint Paul portion of the expenses for the Olympic bid. I, The decision to bid on the 1996 Swnmer Olympic Games is based on the research ; provided by a consultant hired by the cities of Saint Paul and Minneapolis � which indicated a positive opportunity for the Twin Cities in pursuing this event. The initial budget of between $200,000 and $250,000 supports the bid effort through the point of designation of a candidate city for the United � States to the international selection process. Beyond that point, if the Twin � Cities is selected as the U.S. designate, the bid process will be supported by ' private funds. It is anticipated that the bulk of the initial $200,000 to ' $250,000, besides the cities' and state's $45,000 contribution, would also be ' solici.ted from private sources. I�The Olympic Games themselves represent a significant economic development �opportunity ($2 billion to $3 billion) as well as an opportunity for the 1�ain iCities to become a premier center for amateur athletics and to gain extensive inational and international attention. The visibility provided �ust by the ,U.S. designation for the 1996 Olympics is a considerable advantage to the Twin ,Cities in seeking other national and international competitions to host. �iGiven the short timetable on which to prepare this bid document, we would like to go to Council with this budget amendment as quickly as possible. Please �call me at ext. 3209 if you have any questions. �cc: Mayor Latimer ! Jim 0'Leary i I _. g� - l��J A G E_N D_A __M A T E_R_I_A L_� COUNCIL ID�� _�� -�/. / DATE RECEIVED � �� GENDA DATE � AGENDA ITEM �� ,. �y� �UBJECT � yti�_. , _�,�,/ �c, , i . � 1 � �� c �� l � s �� ORIGINATOR �� ' �' ''-�--�� CONTACT RESEARCH STAFF ASSIGVED DATE SENT TO CLERK � COUNCIL ACTION ' . ikASTER FILE 2NF0 AVAILABLE � � ' � • � � � , ORD'IRESOL. �6 ' DATE FILE CLOSED L� . �f ��".�-� � X- f,� .. . �. :�