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85-942 M�H17E - GITV CIERK PINK - FINANCE COUIICII (� �] CANARV - DEPARTMENT G I TY OF SA I NT PAU L File NO. `� � a ��- ` BLUE - MAYOR � , � C ncil Resolution Presented By / �� V Referred To � 1`T°`F'�t�'E�-O n�°1'LC�— Committee: Date ������ Out of Committee By Date RESOLUTION APPROVING THE PROVISION OF CITY STAFF SERVICES TO THE RIVERFRONT REDEVELOPMENT CORPORATION 4JHEREAS, the City Council of the City of Saint Paul recognizes the Downtown Riverfront as one of Saint Paul 's greatest assets; and NIHEREAS, there is an ur�ency to plan and coordinate a foundation for carryin� out future economic and recreational development opportunities for the Downtown Riverfront; and WHEREAS, the Council of the City of Saint Paul has established the "Downtown Riverfront Commission" to structure public and private ener�ies devoted to the Downtown Riverfront under Council File 84-780 approved by Council June 14, 1984; and WHEREAS, the Riverfront Redevelopment Corporation, a P�linnesota non-profit corporation, has been organized to effect the plannin; and implementation of development and preservation of the iNississippi River corridor �vithin the City of Saint Paul with the advice and assistance of the Downtown Riverfront Commission; and WHEREAS, it is desirable commencin� in calendar year 1985 that the City Department of Planning and Economic Development provide financial adninistration, accounting, and professional economic development and planning services to the Riverfront Redevelopment Corporation respecting its programs and funds in the interests of effecting riverfront development. THEREFORE, be it resolved, that the Council supports the use of City staff to provide services and support to the Riverfront Redevelopment Corporation. BE IT FURTHER RESOLVED, that the i�layor, Director, Department of Finance and f'�lanagement Services, and Director, Department of Planning & Economic Development are authorized to ent�r into an abreement with the Riverfront Redevelopment Corporation for �he provision of said services. COUNCILMEN Requested b De ment of: Yeas Nays � Fletcher � Drew In Favor iNaeawz Nicosia scneibei �' __ A gai n s t BY Tedesco Wilson ��` 1 6 � Form A ' r City Attor ey Adopted by Council: Date � Certified }'a s d ouncil S ta BY / By t#pproved by 14 vor: D e ` �1 ��S`,UI" � �AV by Mayor for Submi sio o Council . BY � BY Pt�L�t� J U L 2 '7 1985 + , PED -. �ti verfront DEPAlRTME�NT ��9`��p 1 2� . Steve Thomp�on � CONTACT 7494, ext. 250 PHONE April 26, 1985 DATE / „��� e e NUN�ER FOR ROUTING ORDER Cli All Locations for Si nature : 1 partment Director � Director of Management/Mayor 3 Finance and Management Services Director 5 City Clerk (Council Resolution) . udget Director 6 Riverfront Office (aqreement doc.) ity Attorney WHAT WILL BE ACHIEVED BY TAKING ACTION ON THE ATTACHED MATERIALS? (Purpose/ Rationale) : �RP,C) This is an agreement between the City and the Riverfront Redevelopment Corporation, which will authorize PED to provide accourtting, auditing and other financial administration services to the Redevelopment Corporation. Funds raised by the Corporation for Corporation a+ctivities will be received, invested and dispersed by the City: in a normal , but separate, account budget procedure. The agreement has been approved by the Riverfront Redevelopment Corporation. COST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS ANTICIPATED: RECEIVED None. ����iv�� APR 2 g � ,S- MAY '; �y�, CIjY ATTORNEY � ' � I"viAYOn S OtFICE j � ��--� FIt�ANCING SOURCE AND BUDGET ACTIVITY NUMBER CHARGED OR CREDITED: (Mayor's signa- ture not re- Total Amount of Transaction: quired if under $10,00Q) ' Funding Source: Activity Number: ATTACHMENTS (List and Number All Attachments) : 1. City Council resolution to be signed and submitted 2. Agreement contract to be signed where indicated. DEPARTMENT REVIEW CITY ATTORNEY REVIEW X Yes No Council Resolution Required? Resolution Required? �Yes No Yes No Insurance Required? Insurance Sufficient? ,�Yes No Yes No Insurance Attached: (SEE REVERSE SIDE FOR INSTRUCTIONS) Revised 12/84 � � �'�- `�� . , AGREEMENT FOR FINANCIAL, ACCOUNTING, AND PROFESSIONAL ECONOMIC DEVELOPMENT SERVICES THIS AGREEMENT, made and entered into this c;ay oi , 1985, by and between the CITY OF SAINT PAUL, a municipal corporation of the State of Minnesota, hereinafter referred to as the "City", and the River— front Redevelopment Corporation, a Minnesota nonprofit corporation, hereinafter referred to as the "Corporation", WITNESSETH: WHEREAS, the Council of the City of Saint Paul has established the "Downtown Riverfront Commission" to structure public and private energies devoted to the Downtown Riverfront under Council File 84-780 approved by Council June 14, 1984; and WHEREAS, the Riverfront Redevelopment Corporation, a Minnesota non—profit corporation, has been organized to effect the planning and implementation of development and preservation of the Mississippi River corridor within the City of Saint Paul with the advice and assistance of the Downtown Riverfront Commission; and WHEREAS, it is desirable commencin� in calendar year 1985 that the City Department of Planning and Economic Development provide financial administration, accounting, and professional economic development and planning services to the Corporation respecting its programs and funds in the interests of effecting economies by centralizing such services; and WHEREAS, the City is willing to provide financial administration and accounting services for the Corporation's programs and funds in accordance with the provisions of this Agreement. • • ��^��� � � —2— NOW, THEREFORE, the parties do hereby mutually agree, effective , 1985, as follows: 1 . That the City, acting through its Department of Planning and Economic Development, agrees to perform, and the Corporation authorizes the City to so perform, all necessary financial administration, accounting, and professional economic development and planning services for the Corporation in accordance with the provisions of Chapter 4 of the Saint Paul Administrative Code. 2, That the City is authorized to receive all Corporation income and revenues and to disburse Corporation funds upon direction of the Corporation President or his designee, in accordance with programs and budgets approved by the Corporation's Board of Directors. 3. That the City is authorized to invest Corporation funds, in common with City investment funds, and to credit earnings attributable to said invest— ments to Corporation accounts, in accordance with acceptable accounting practices. 4. That the City shall maintain records of account of all transactions performed for the Corporation under this Agreement, in accordance with acceptable accounting practices, and the Department of Planning and Economic Development shall provide such reports and statements of account in such manner as are normally provided, or as may be requested from time to time by the Corporation President or its Board of Directors. 5. During the term of this Agreement, the parties agree to consult on a continuing basis respecting performance of the provisions of this Agreement, the improvement of inethods of performances, and to resolve disputes, if any, as may arise between them. In the event of a dispute, the Director of the Department of Planning and Economic Development and the President of the Corporation shall meet for the purpose of resolving the same. Failing such • � �;�- �'�G,_, • -3- resolution disputes of an administrative nature, shall be referred to the Mayor for adjustment, and disputes of a policy nature shall be referred to the City Council and the Corporation Board for resolution. 6. This Agreement shall remain in effect unless administratively terminated by 90 days written notice served by either party upon the other, and upon receipt of such notice, the City shall deliver' to the Corporation or deposit at its direction, all Corporation funds in its possession or there- after received, and that within a reasonable time of the effective date of such termination, the City shall deliver to the Corporation all records and related documents of the Corporation accounts, or verified copies thereof, and render a detailed and complete final accounting. Approved As To F rm CI F SAINT PAUL '' � gy Assi nt City Attorney I s ayor By Its Director, Department of Finance and Management Ser. By s Di tor, Department of Planning & Economic Dev. RIVERFRONT REDEVELOPMENT CORPORATION By I resident of the Board By I ecreta y �^ � �Lo'( i CITY OF SAINT PAUL =,,,,�p� OFFICE OF THE CITY COIINCIL ' .�........�� ,•.�.�•: � Octe : July 8, 1985 COMM (TTEE RE PORT TO = SQint PQU I City Council F R � M � C o m m ir t e e Q h C i ty Deve 1 opment and TransPortat i on CHAIR W� � � �am �. Wi lson l . Resolution authorizing an agreement- between the City and the Riverfront Redevelopment Corp. whiCh wili authorize PED to provide accounting, auditing and other financial administration services to the Redeve l opment Corp. (Cortxr�ittee recomrnends approve l ) � 2. Resolution authorizing issuance of Port Authority tax exernpt mortgage note in the amount of $7U0,000 to finance the acquisition and rehabilitation of the old Van Waters and f�ogers building at 2313 Wycliff in St. Paul by Update Co. (Committee recommends approval - Jim Hart witl review for possible amendment before Council meeting) 3 . Selby/Dale UDAG (Commit�tee recommends approval ) 4. Lease� agreement with Jebco Properties for space on th� nintn floor of the Commerce Building. (Committee recommends approval witn an amendment . directing the Mayor to appoint someone to rJO a long range space study and report back to the committee in three months. ) CITl'H�►LI- SEVENTH FLOOR SAINT PAUL, MINNESOTA 55102 ��.