86-854 WHITE - CITV CLERK
PINK - FINANCE il ' G I TY OF SA I NT PA U L Council
CANARV - DEPARTMENT �DJ
B1.UE +MAVOR File NO. `�-��
JTH/City Attny. � _ '�O ' Resolution
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Presented By � �
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Referred To Committee: Date -
Out of Committe I By � Date
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RESOLUTION APPROVING LOAN AGREEMENT
ii � WITH METROPOLITAN COUNCIL
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WHE AS ' there has been presented to and considered at this
meeting a pr posed Loan Agreement between the Metropolitan Council
and the C ty ;of Saint Paul whereby the Metro Council will make an
interest re $10, 000 loan to the City to finance the updatin� of
certain b se ;maps along the Mississippi River Corridor payable
one half un 1 , 1987 and one half June l, 1988 ; and
WHE IAS� the activity to be funded will be advantageous to
both par es�; now therefore, be it
RES b that the Loan Agreement, Contract No . L-86-3 between
the Metr o ��.tan Council and the City of Saint Paul dated effective
May 12 , 8 �, is hereby approved and the proper city officers are
hereby a h �rized to execute the same on behalf of the City.
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COUNCI
LMEN
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Yeas N �s Requested by Department of:
�rea�
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�'"°"°" �� ' [n Favor
Rettman �� i
Scheibel �
Sonnen i � __ Ag81[lst BY
Tadsseo+ I �
Wilson
JUN Z � � Form Approved by City Atto ney
Adopted by Council: i I ate
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Certified V•s e C nci � cr By "
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Approv :Navor: at � �UN 2 5 �� Approv Mayor for S b i to�Council
By _ � — gY
� � P����ISHED .a U N 2 8198�
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PED ' DEPARTMENT V`-����0 2756
RicR Wiederhorn CONTACT �
7494 ext. 246 PHONE
4 June 1986 DATE 1 Qj�� ,, e
ASSIGN N�ER FOR ROU ING ORDER Cli All Locations for Si nature :
epartment Direct � Director of Management/Mayor
Finance and Manag en Services Director 6 City Clerk
Budget Director 5 Council Member Scheibel
City Attorney
AT WILL BE ACHIEVED Y AKING ACTION ON THE ATTACHED MATERIALS? (Purpose/
Rationale) :
The City will be aut ri ed to accept a loan of $10,000 from the Metropolitan Council
for purposes of hiri a consultant to update river corridor base maps. The loan has
already been approve his resolution will accept the loan agreement between the city
and Metro Council.
�ECE(VED
C►�9'J°���``a� �-�—= �J U N v �
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COST/BENEFIT BUDGETA A D PERSONNEL IMPACTS ANTICIPATED: PJIAYOR'S OFFICE
This is an interest- ee loan. to be repaid to the Metropolitan Council in 2 increments:
$5000 to be paid in ne 1987 and $5000 to be paid in June 1988. The actual work
will be done by a co� ul ant to the Department of Public Works. Public Works will be
reimbursed by PED fo' PE 's portion of the project. The City will receive the money
now, and have free u o it for the 2-year time period.
FINANGING SOURCE AND DG T ACTIVITY NUMBER CHARGED OR CREDITED: (Mayor's signa-
ture not re-
Total Amount of Tr sa tion: $10,000 quired if under
$10,000) �
Funding Source: ,�= �� ,
-- 12 36050 (to be used to repay the loan in 1987 and 1988)
Activity Number: � ���� ���
ATTACHMENTS List and� um er All Attachments :
J U N � »�e
1. Council resolut n o be signed.
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CITY �T�`O�N�1�
DEPARTMENT REVIEW CITY ATTORNEY REVIEW
�Yes No Council es lution Required? Resolution Required? �Yes No
Yes X No Insuran R quired? Insurance Sufficient? /y�Yes No
Yes X No Insuran A ached:
EE REVERSE SIDE FOR INSTRUCTIONS)
Revised 12/84