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86-693 WHITE - CITV CLERK PIf�jS - RINANCE G I TY OF SA I NT PA U L Coun il CANARV - DEPARTMENT �� _ / /;� BLUE - MA;oR File NO. �o r Co nc ' es lu 'on ,- �� Presente By + Referred To ! �"l� LC Committee: Date �� Out of Committee By Date 4JHEiREAS, the State of Minnesota has passed a law regulatin the allocation of tax exempt industrial revenue bond authority to muni ipalities and; �NHEREAS, the City of Saint Paul needs to continue to take a broad approach in its efforts to revitalize our City including a continuec� emphasis on industrial, retail, office and housing, including both neighborh od and downtown development and; WHEREAS, the Saint Paul Port Authority is one of the most s ccessful industrial develo�ment agencies in the country and because of the development of their reserve fund can also act in a very important fashion in upporting projects that might otherwise not be able to be funded and; W�IEREAS, the City has created, in its Department of Planni g and Economic Development, a broad-based redevelopment agency struct rec� to undertake projects that require close coordination between our ity's planning and development objectives, including housing developme t and large and small-scale real estate-oriented redevelopment projects a d; WHEREAS, the limiting of the amount of tax exempt industria revenue bond authority will create a need to more clearly identify the resp nsibilities of the Port Authority and the Department of Planning and Econom' Development and; �JVHEREAS, the allocation of industrial revenue bond authority will come directly to the City of Saint Paul to be further allocated as the Ci y Council and Mayor deems appropriate. COUNCILMEN Requested by Department of: Yeas �n Nays __ Drew [n Favor � � �1ww�r i�.ettman Nicosia scheibel __ Against BY Tedesco Wilson Adopted by Council: Date Form Approved City Atto ey Certified Yassed by Council Secretary BY � B}� C t�pprov d Mavor. Date � Approv by Mayor for Su uncil BY BY . , , . � ' � -z- C'�-d'� �� NOW THEREFORE BE IT RESOLVED, that the Saint Paul City Council adopts the following policies regarding the allocation of tax exe pt and taxable revenue bond authority between the Department of Plan ing and Economic Development and the Saint Paul Port Authority and al o identifies the specific areas of responsibilities that each agency will have in issuing tax exempt and taxable bonds for development projects within t e City. I . Non-Profits HRA/PED will issue tax exempt and taxable bonds for all on-profit projects in the City. II. Housin HRA/PED will issue tax exempt and taxable bonds for all ousing projects in the City regardless of their location. $15 million of Saint Paul's tax exempt bond allocation will e set aside to be used for rental housing projects. If funds from the statewide competitive pool are available to be used for rental project in Saint Paul and any or all of the $15 million has not been used o is not needed for pending rental housing projects, then the rema ning sum will be reallocated according to the following sections. III. Neighborhood Development HRA/PED will issue tax exempt and taxable bonds for all rojects outside of downtown except those taking place on Port Authority wned land and/or manufacturing in nature. $12 million of the City's allocation will be set aside to be sed by the HRA/PED. HRA/PED will receive 40$ of any funds left from the $15 m'llion rental housing commitment. IV. i�anufacturing Port Authority will issue tax exempt and taxable bonds for all manufacturing projects. Funding should be sought from the statewide co petitive pool before any of the City's allocation is used. V. Downtown Projects (see map) Port Authority will issue tax exempt and taxable bonds for all downtown projects (excluding housing and non-profits) Bonds will only be issued for projects taking place on land now publicly owned in an effort to put the land back on the tax roles nless unusual circumstances exist and the HRA and Port Authority Boards jointly agree. . ' � � ��G� � ��3 ' ' ' -3- VI. Port Authority Owned Land Port Authority will issue tax exempt and taxable bonds fo all projects on land they own (excluding housing and non-profits) VII. General $16.7 milliion of the City's allocation will be set aside to b used by the Port Authority for downtown and manufacturing proje ts and projects on Port Authority land. Port Authority will receive 60� of any funds left from the rental housing allocation. In recognition of the continuing HRA/PED staff commitmen to assist the Port Authority in the development of its projects, the Port Authority agrees to provide to the HftA/PED a sum of money equal o the HftA's normal bond fee (Z o at closing, Z% on first anniversary d te of issue and 1/l0o annually thereafter) for planning, design and roject management assistance. This sum shall be paid for all tax exempt bo ds issued by the Port Authority. The Director of the Department of Planning and Economic Development and the Executive Vice President of the Port Authority s all meet monthly to jointly review the projects to be financed and the stat s of the use of the bond allocation. They shall report monthly, be inning in September, to the HRA and Port Authority Board on the tatus of the use of the bond allocation and any recommendations f r adjustment to the allocation formula. The Port Authority will issue bonds for all expansion pr jects of previously financed 876 projects in neighborhoods and for all projec s previously sent out for ENS review. HRA/PED will issue bonds for all public use facilities (i. . skyways, parking ramps, etc. ), all tax increment projects and all rojects on PED owned land. WHITE - Cr'TV CLERK PIN�F - FINANCE G I TY OF SA I NT PA U L Coun il CANARV - DEPARTMENT BLUE - MAVOR File NO. �� Co ci es lu ion Presented By + Referred To Committee: Date Out of Committee By Date -4- In order to more closely integrate its Economic Develo ment programs with its equal employment, equal opportunity and job t aining and job placement activities, the City will require that dev lopers and/or firms receiving financing and/or financing assistance a sociated with a commercial or industrial project valued in exces of $1,000,000 shall agree to: l. Demonstrate compliance with a carefully considere and reasonably constructed affirmative action policy and plan, 2. Execute, with appropriate City officials, a carefu y considered and reasonably constructed binding first source ployment agreement, and 3. Comply with the City's set-aside requirements for minority, handicapped, women and small business enterprises. 4. These three provisions will take effect 30 days f om May 29, 1986. COUNC[LMEN Requested b Department of: Yeas SQnngn Nays � �MMhsr Drew [n Favor �...� Rettman Nicosia Scheibel ° __ Against BY Tedesco Wilson Adopted by Council: Date MAY 2 9 1986 Form Approved by City Attor ey; Certified Pass d il Sec e r,� BY By �lppro by 14avor: Date — Approve y ayor for S 'on t Council By By PUBIISHED 7U�! 7 19�6 �N 7E ITV CLERK � — � � ARV -�EVA`MENT GITY - OF SAINT ��ALTL Council � iil.JE -• MAYOR � Flle O. . , Co ci es lu ion "t'resented By + � Referred To Committee: Date Out of Committee By Date -4- j _ In order to more closely integrate its Economic Develop ent programs with its equal employment, equal opportunity and job tr ining and job placement activities, the City will require that devel pers and/or firms receiving financing and/or financing assistance as ociated /�/� with a commercial or industrial project valued in excess of , 00,000 � shall agree to: 1. Demonstrate compliance with a carefully considered and reasonably constructed affirmafiive action policy and plan, 2. Execute, with�appropriate City officials, a carefull considered and reas�ably constructed binding first source e ployment agreement, and 3. Comply with the City's set-aside requirements for inority, �� women and small business enterprises. � '�', � k�a„ `1'�kn�- �1�'D1�r1,bY�- �,151�� `-{jt,Q� �.✓� �� . � _ _.::___. _... _. _ _ - - �c��-� �`�� i�i �� COUNCILMEN Requested by Department of: Yeas $ r gn Nays , -�Z_ Drew "^�� -�K Rettman In Favor Nicosia scne�be� Against BY Tedesco Wilson Form Approved by City Attor ey Adopted by Council: Date Certified Passed by Council Secretary BY � Bp Approved by Mavor: Date Approve y ayor for S 'on t Council sy By . _ ; � � . . . � . �-� -��3 ��.�tTT�•� � CITY OF SAINT PAUL a o � OFFICE OF THE MAYOR '' ii�i i i►�p : a a� �o +s�• 347 CITY HALL SAINT PAUL, MINNESOTA 55102 GEORGE LATIMER (612) 298-4323 MAYOR April 21, 1986 Victor Tedesco, President and Members of the Saint Paul City Council Seventh Floor City Hall Saint Paul, Minnesota 55102 Dear City Council Members: Attached for your consideration is s resolution ou lining an agreement drafted by Jim Bellus of the Department f Planning and Economic Development and Gene Kraut of the Por Authority regarding tax exempt and taxable revenue bonds. A all of you knorr, our ability to issue tax exempt industrial r venue bonds has been severely limited by federal legislation. Whereas last year the two agencies issued over 5300, 000, 000 wor h of bonds, our allocation from the State this year will be 54 . 7 million �vith previously excluded items such es rental hous ng pro�ects now having to be included within the $43. 7 millian limit. This reduction in tax exempt bonding authority has been anticipated for several years and has provided the impetus for the development of several new initiatives to meet the changing t i mes. Undoubtedly the most significant part of this bond ng agreement is the strong and direct language that eneures tha the city's set-aside, affirmative action and binding first so rce employment agreements are applied to all bond fina ced pro�ects over 82 million. This is significant because it c estes for the first time in the history of the city a direct lin betWeen our bond financed pro�ects and our �ob training, set-a ide and affirmative action activities, thus ensuring more pportunities for the economically disadvantaged residents of ou community. With your approvel of this agreement, major pro�ec s financed with taxable and tax exempt revenue bonds will dir ctly result in the crestion of �ob opportunities for unemploye and underemployed city residents. This agreement prov des us with our first opportunity to implement one of the ma�o recommendations of the Citizens Commission on Bond ng and Financing Practices and establish a direct linkage betpeen our economic development programs and the needs of the underpriviliged in our city. �46 - , . - . ' �� _ ,,-. � . . . - � (�tID `�' � 3 Despite restrictions on the amount of tax exempt r venue bonds available to the city, we remain committed to an i novative and broadly based economic development program which a dresses the city's housing, commercial and industrisl needs. We remain committed to the needs of small business s in our city. For example, PED now manages an industrial ncubator and is looking toward the crestion of a second one and the Port Authority and PED are jointly developing a seed ca ital fund. We remain committed to the maintenance and improve ent of our housing stock. We propose that more than one-thir of our tax exempt bond allocation -- some $15 million -- be s t eside for rental housing projects and programs. We will con inue to seek , and find additional innovative ways of financing m rket-rate and loM-income housing. PED will retain authority ove housing finance programs. We remain committed to downtown revitalization. B cause our bonding authoirity �ill be limited, priority will e given to those pro�ects which utilize land that is already ublicly owned. Because downtoNn pro�ects will likely requ re a combination of taxable and tax-exempt bonds, the P rt Authority will finance most downtown commercial developments We remain committed to the expansion and maintenan e of our industrial and manufacturing �ob base and the Port Authority will continue to finance these types of pro�ecte. We remain comitted to assisting non-profit organizations and neighborhood businesses and PED will continue to finance these ypes of pro�ects. In order to meet our committments, both the Port A thority and PED Mill continue to seek ways of leveraging our f nancial resources in order to maximize their effectiveness We anticipate using more taxable bonds in the future nd we are exploring a variety of rrays of ueing the HRA Devel pment Fund and UDAG loan paybacks in the most efficient and p oductive manner possible. Jim Bellus and Gene Kraut will be available to mee rith the Council and review this agreement in more detail. I hope you will give it your prompt and serious consideration. Sincerely, eor e Latimer May .. . ,• 1 � , ' ,, , r ' .�-(l' v � �' � �_J� I�� ~ �� . � �—• ; �i I --- --.�---- � a�� i J a � i ' �� --- r - - � - ' ----_ ` - , ,L� C `~ -- - �r--r• _ �� _ t _ /', ri �i �� n N O R 7 M c_f!'w�� i �; ��—� f R N y _� �� 'fi' � '��;� � �r-��,,�� , -.'��ll �� , , �,,y; i d �'• ! � �s \l " �NDl1 ~ � � '1 � . -� —��` ' �J1 „ ,,? �o I �J,Li�; L.i 4,j� \. ` � �� '� � ,�, ,�: a �'�� rE; � ' �� _ "��= � __ . ( - � , �--; :: �, - ' � ' .. ��: . �� L:� i F �;� n��;. ,�. . �i---....... �a � ' _ _�:�� ':��:; oe� � i�� : � e�i -�,� \�� ;:7 i i .rL— � � . .,� r� ;,�. � �v � "`"`-m p_ � '- `�� o�� - P '�� _ � � �...,�. .�.�, ,�,. . � ; �.� o , ; � ,,,� � �`: , ' : �o� �—� , ��U` ' _ "' •.'' �' . •—,:; � � .,�'" , 9` o i. �� riWt�� \9\ �\ I 1 � � l. � � �S .�"� x � , �. �' .(�� r. Q t�� : i ,e � :� \ � �s'�r '� o i J,, \ i i < � � � l� � o > \ .�� : s �/'� z ` i. �` � �6 ,� y �� a� � ' � �<. �" •�`` �' ��' �� Z � < .u� e i0 �. � ?' + �� , �j� �'► �o � (//��\ . 1 \ � '."�. 3 U O ' �V i�i �� I� � � !4. � � � " ao a � ; � � � � �p� � � �<� O • ,,.�,. i�?',� � � �.�� i � , � . � _ e -. --,��.^e o , . � ;�`C` , , -� �;� \• . �nG� � /�\ �� i M• _�� \ " � -r, \�� O �51P ��=s� / ►f•> � \ / •*S L \ �. � � �, ,, , `O�4'f' V ♦�1�� O i //i O ' < <� O -/,�� i pR —___ �/ I� `` �^ O � / '/ � �� ,�/�\ + .�� Stv � D � e � , : F D //c �' I� _�-�il O `.'` \ ��`"5 / /5 1 i J jo�"µa �'°s, 5. ' �� /` . � �--� ,,�. � � � M ��' ��, . � a•,, , . � � � � � o •-� i i� � � _- -- �� ` � � . \\ f ti �� .. �Y ¢ � + �� '� `� � � ♦ � / M� � ♦� l ' �� 1 ��yJ\� '\ � //'�� t / / / � \\ • � � `''P A / / . �:� v � ��r. f �' ' • �• '�4/\ '�1 w °` v V — M O� '� �\ Y � c �\ /�^\\ �//`� 1's. �� / )��///,� ��,'��\�' ._ l. .�� • ��w a � � �� S I • [ ., _ I � _ i , . �_ �,( c_._ f'C// 1� r , . � ' �� -1�93 �..�, : CITY OF S.AI�TT PAUL .:r;�3 : FtLED 'iii"t;i:�iii f OP'F'IC� OF TH� CITY CDIINCIL . �iq�j �� r .... i,t:� �1 r�� !1 'Lr^ ' �'` ^' � , � {'!7•v n. __ V�111.111.1�1,�v ��L .�. ; � . .'r r-'. i '^r �i. '�. F:i�anc� l�ana ement � Personnel Cammitt e. MAY 21, 1986 1. Approval of minutes from meeting held May 8, 1986. a roved 2. Resolution amending the 1986 budget by adding $100,000 to the Fi ancing Plan and to the Spending Plan for Civic Center Operating. ap rove 3. Resolution amending the 1986 budget by adding $8,000 to the Fina cing Plan ' and to the Spending Plan for Public Works--Infrastructure Invent ry. 2 ,•a a ov�� to 5/29 4. Resolution amending the 1986 budget by adding �42,517 to the Fin ncing Plan and to the Spending Plan for Housing Information Office (Better pportunities Through Self-Sufficiency). approved , 5. Resolution amending the 1986 budget and adding $15,200 to the Fi ancing Plan and to the Spending Plan for Public Works operations. approv d � 6. Administrative Orders: D-8000: Budget revision in the Mayor--Budget Section. discuss d D-8001: Authorization for payment to Robert P. Provost for 3 pr -retirement seminars. discussed D-8007: Authorizes an agreement with Bonestroo, Anderlik and As ociates, Inc. to design canopies for the Public Works Department discussed 7. Resolution establishing rate of pay for titles of Environmental ealth Aide, Environmental Health Technician and Environmental Health Technic an Supezvisor in the Salary Plan and Rates of Compensation in Section I D 2 of the Salary Pl.an and Rates of Compensation resolution. laid over to 6/5 8. Re.solution establishing the rate of pay for the titles of. Enviro ental Health Specialist, Environmental Health Analyst and Environnental Healt Supervisor in Section I D 3 of Salary Plan and Rates of Compensation resolu ion. Iaid over to 6/5 9. Resolution amending the salary plan and rates of compensation re olution regarding Environmental Health Specialist. laid over to 6/5 10. Resolution establishing the rate of pay for Environmental Health Program Supervisor in Section I D 4 of the Salary Plan and Rates of Comp nsation ' resolution. laid over to 6/5 � . 11. Resolution amending the salary plan and rates of compensation re olution by establishing a salary range under the 1986 Technical Range and S lary Range under the 1986 Professional Non-Supervisory Range. laid over to 6/5 CTTl' Ht1I-I- SEVENTH FLOOR SAINT P UL,MINNFSOTA 55102 .�.ss :_::�VCE, MANAGEMENT & PERSONNEL �,/- '.:`�IITTEE REPORT � a�' � �3 .;� 21, 1986 _�e 2 • - 12. R�a��:en adc�ati�g pi�c��c�ea Ys�arding 'the a�location of:.t,zx ex pt and taxa'bl�'��v�nue ba�"authority t�etweea the Department of 1*,lana g and E�oac�m#�a�Be�e]:�r�at and tiie'` Saint Paul Port Au�tho�t#ty, an� id ti�qing areas of i�sponsibilfty. �"a��e�"�th amendments 13. Resolution recognizing the reconstitution of Citizen Participat on District No. 2. approved 'f 14. Executive Order: E-24: Establishment of an Employee Policy of HTLV-III Disease AIDS). laid over to 6/5 15. Resolution appropriating $20,000 to the Saint Paul Division of ublic Health for soil lead testing, lead screening and education of neighbor ood residents, and $8,000 to Dr. Howard Mielke for soil mapping. a proved 16. Resolution amending the 1986 budget and transferring $10,Q00 fr m Contingent Reserve to Executive Administration--Civic Organization Contrib tions. approved