85-874 WHITE — CITV CLERK
PINK — FINANCE C I TY OF SA I NT PAUL Council
CANARV - DEPARTMENT � ��
BLUE - MAVOR File NO.
ouncil�esolution
Presented By � � �
Referred To Committee: Date
Out of Committee By Date
WHEREAS:
1. On May 7, 1985, the Port Authority of the City of Saint Paul
adopted Resolution No. 2454 giving preliminary approval to the issuance of
industrial development revenue bonds in an initial principal amount of
$885,000 to finance the construction of a 10,400 square foot office
building to be located in Riverview Industrial Park.
2. The St. Paul City Council, by Resolution No. 85-677 adopted on May
21, 1985, approved the action taken by the Port Authority on May 7, 1985.
3. At the time of the adoption of Port Authority Resolution No. 2454,
the final location for the new building had not been chosen, and the Port
Authority was required to schedule a new public hearing for the pro3ect,
which hearing was held on June 18, 1985.
4. Although the City Council of the City of Saint Paul has given its
requisite consent to the issuance of the Bonds, pursuant to Council
Resolution No. 85-677, the Port Authority has asked the City Council to
further approve this pro�ect to be located on the Northeast corner of State
Street and Plato Boulevard in Riverview Industrial Park, subject to the
final approval of the details of the issuance of the Bonds by the Port
Authority of the City of Saint Paul.
RESOLVED by the City Council of the City of Saint Paul that the City
Council hereby ratifies and affirms its consent to the issuance of the
Bonds to finance the project for the purposes described in the Port
Authority Resolutions No. 2454 and 2488.
COU[VC[LMEN Requested by Department of:
Yeas Nays r--���
Drew
.��r In Favor r
ai�se9«a—
Scne�bei _ __ Against BY ,
Sonnen
� �� � e . �
Tedesco
Wil on JUN 2 7 1985 Form Approv y City Attorney
Adopted by C�ouncil: Date L� .
Certified Pass uncil Sec r By �`�` � �
By �
Approv by avor: Date µU - 1 1985 App ed by Mayor for i sion to Council
Bv - —
PU�iS�i� ,J�! �'i 198�
Donald G. Dunshee or r'Q( ,C'f � � � ��5�� 7�
Eugene A. Kraut �
��,�����r�§8�6 PHONE . �� �� � � �
May 7, 1985 DATE
(Routing and Explanatian Shee.t)
K��� — R��:.�:7A1. — — - - --�__�_..:a:a . "?eleA` "s`e�''" _
Assi n i�umber for Routi n Order C1 i A1� Locati ons for h1a oral Si nature :
_� Department Di rectar �
�
2 Ci ty Attorn�y ��-z�
3 Director of Management/May�r �
Finance and Management Services Director
4 City Clerk �
Budget Di rector -� �,�
�C\ .`F`.;._,,.i �J�..
Wha� �lill be r�chi�ved�'iakin Action on the Attached Materials? (Purpose/Rationale�
The purpose of the bond issue is to finance the construction of a 10,000� Sq. Ft. off ice
building on a 55,000 Sq. Ft. site on South Wabasha Avenue in Riverview Industrial Area West,
St. Paul, Minnesota for Robert G. Flynn Sublease to New England Mututal Life Insurance Company.
The project would be finaaced by an industrial development revenue bond issue in the amount of
$885,000 which would be underwritten by Miller & Schroeder Municipals, Inc. The lease would
be for a term of 30 years. The Company presently employs 24 people and the new facility will
permit them to increase employment to 50 in the near future.
Financi�l , B�sdg�tary and Personnel Impacts Anticipatad:
Funding So�lrce and Fund Activity Number Charged or Credited:
Attac���nts (L�st and Number all Attachments) :
Staff Memorandum
Draft City Council Resolution
Port Authority Resolution No. 2454
���•'r�.T����: ..� _ " � _ _ .. : . .�`.. `+.�:.r'�.:: . ry�<. . ' -R
"��ii:�.la��:.1 '"C �:i- "s�_-� +._i�L��r..� s.v.. i++�'+•'a^�:�-`a -
t •�wr...r.a�- Pi.'�''��.'-F�r�—.....�TiLr�'
pEPARi��Ei�T REVIcL•J CITY ATTORNEY REYIEW
x Yes ��o Council �zsolution Required? Resolution �equired? X Yes No
Yps x P;o insurance Required? Insurance Sufficien`? �_ Y2s P;o
Yes x �ie Insurance Atfiached%
Revision of October, 19P2
��pP RPVPY'G? SiciP f�r InStruCtions)
WHITE r- C�TV CLERK
PINK - FINANCE G I TY OF SA I NT PAU L Council ��/y1
CANARV - DEPARTMENT File NO. V�_8 "�
B�UE � MAVpR
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
Property Description: Kipp' s Macalester Park, St. Paul, MN.
East 15 ' of Lot 25 and all of lots 26, 27
and 28, Block 1.
---------------------------------------------
6-11-85 6-85H 107/115 Fairview Fairview Terrace Co.
BOARD ACTION: Moved to refund the filing fee to appellant as this
did not jurisdictionally belong with the board.
Property Description: Merriam Park Third Addition
Lot 7, Block 6
---------------------------------------------
6-11-85 4-86-H 1664 Ashland Ave. Evelyn Van Al1en
BOARD ACTION: Moved to refund the filing fee to appellant as this
did not jurisdictionally belong with the board.
Property Description: Schroeder' s Addition to the City of
St. Paul, Lot 9, Block 15
---------------------------------------------
6-11-85 7-85-H 2238 Doswell Avenue Dorothy S. Healy
BOARD ACTION: Moved to refund the filing fee to appellant as this
did not jursdictionally belong with the board.
Property Description: St. Anthony Park North
Subject to Como Ave. and Easement
The southeasterly 50 ' of Lot 13 and north-
westerly 10 ' of Lot 14, Block 32 .
COU[VC[LMEN . Requested by Department of:
Yeas drew Nays
'�"r _,� [n Favor
.firee�►c
Sche�be� _ O� __ Against BY —
Sonnen
Tedesco
IAhlson ,�N 2 7 1985 Form Approved by City Attorney
Adopted by Council: Date
Certified Pas e b uncil Se tar BY �-�e � �r �` " S
g�,
t�ppr d by �Vlavor: Dat
� Approved by Mayor for Submission to Council
y By
PU81SHE8 ��