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85-1517 WHITE - CITY CLERK PINK - FINANCE G I TY OF SA I NT PA IT L Council CANARV - DEPARTMENT ryf BLUE - MAV OR , Flle NO. ✓ /�/� Co cil Resolution � 4 � Presented By � Referred To �I �l�'l\J�L� Committee: Date �� 3� "�� Out of Committee By Date WHEREAS: 1. On October 23, 1984, the Port Authority of the City of Saint Paul adopted Resolution No. 2363 giving prelima.nary approval to the issuance of revenue bonds in the initial princa.pal amount of $4,500,000 to finance the conversion of the Cruciform Building into a 51,000 Sq. Ft. office building in Energy Park by Atrium Office Partners, AHW Corporation General Partners. This action was ratified by the City Council on November 27, 1984. On October 22, 1985, the Port Authori.ty of the City of Saint Paul adopted Resolution No. 2539 giving preliminary approval to the issuance of revenue bonds in the initial principal amount of $2,500,000 to finance the completion of an additional 26,200 Sq. Ft. of office space in the Cruciform Building for Atrium Office Partners. Miller & Schroeder, Financial, Inc. will underwrite the 29 year bond issue at a rate to be set at the time the bonds are sold. 2. Laws of Minnesota 1976, Chapter 234, provides that any issue of revenue bonds authorized by the Port Authority of the City of Saint Paul, shall be issued only with the consent of the City Council of the City of Saint Paul, by resolution adopted in accordance wa.th law; 3. The Port Authority of the City of Saint Paul has requested that the City Council give its requisite consent pursuant to said law to facilitate the issuance of said revenue bonds by the Port Authority of the City of Saint Paul, sub3ect to final approval of the details of said isaue by the Port Authority of the City of Saint Paul. RESOLVED, by the City Council of the City of Saint Paul, that in accordance with Laws of Minnesota 1976, Chapter 234, the City Council hereby consents to the issuance of the aforesaid revenue bonds for the purposes described a.n the aforesaid Port Authority Resolution No. 2539 the exact details of which, including, but not limited to, provisions relating to maturities, interest rates, discount, redemption, and for the issuance of addit3.onal bonds are to be determined by the Port Authority, pursuant to resolution adopted by the Port Authority, and the City Council hereby authorizes the issuance of any additional bonds (including refunding bonds) by the Port Authority, found by the Port Authora.ty to be necessary for carrying out the purposes for which the aforesaid bonds are issued. COU[VCILMEIV Yeas ,,,F,w Nays ` Requested4 '�tment of: - � "'�`�5�="' �� [n Favor � � ,� schP�i���� _ __ Against BY Sonnen ��e ���n �OV � � 1985 Form Approved by City Attorney Adopted by Council: Date E� � �J% Certified Pa se ouncil t ' �� gy, t�ppr y Mavor. Date � ����( i � i�t�� Approved by Mayor r ub ' on to Council g _ y l.�sr �,t..J �� �.-� :"�` � �:3�� St. Paul Port Authority . ' DE PARTMENT ��/,5-/'� N� 2 2 01 D. G. Dunshee or E. A. Kraut •CONTAET (612)224-5686 PHONE October 22, 1985 DATE 1 ,�/�� �Qi ASSIGN NUMBER FOR ROUTING ORDER (Clip All Locations for Signature) : 1 Department Director 3 Director of Management/Mayor Finance and Management Services Director 4 City Clerk Budget Director Atrium Office Partners 2 City Attorney 52.500.000 Revenue Bond TsGLe WHAT WILL BE ACHIEVED BY TAKING ACTION ON THE ATTACHED MATERIALS? (Purpose/ R tionale�: The purpose of the bond issue is to finance the completion of an a�ditiona 26,200 Sq. Ft. of office space in the Cruciform Building b� Atrium Office Partners, a Minnesota Limited Partnership; in Energy Park's historic district. They have letters of intent or are in serious negotiations for the entire 26,200 Sq. Ft. of space in the addition. This would bring the occupancy on the total building to 57.8�. AHW Corporation has agreed to guarantee this bond issue until the project is 70% leased or at a break even point with three year leases. COST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS ANTICIPATED: The amount of the revenue bond issue is $2,500,000 and it will be for a term of 29 years. There will be 30 new jobs created as a result of this pro3ect. The project will be syndicated to take advantage of the historic tax credits. Financing in addition to the proceeds of the tax exempt bond issue of $2,500,000 will involve approximately $1,000,000 in syndication proceeds. The lease will be non-recourse because of the syndication. FINANCING 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: �ECE�vF� ATTACHMENTS (List and Number Al1 Attachments) : 1. Staff Memorandum ��'T 2 4 1985 2. Draft City Gouncil Resolution r�AYOR'S OFf��E 3. Port Authority Resolution No. 2539 cc: Richard Thorpe DEPARTMENT REVIEW CITY ATTORNEY REVIEW �_Yes No Council Resolution Required? Resolution Required? x Yes No Yes �No Insurance Required? Insurance Sufficient? X Yes No Yes x No Insurance Attached: (SEE REVERSE SIDE FOR INSTRUCTIONS) Revised 12/84 HOW TO USE THE GREEN SHEET The GREEN SHEET has several PURPOSES: l, to assist in routing documents and in securinq required signatures 2. to brief the reviewers of documents on the impacts of approval 3. to help ensure that necessary supporting materials are prepared, and, if required, attached. Providing complete information under the listed headings enables reviewers to make decisions on the documents and eliminates follow-up contacts that may delay execution. The COST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS heading provides space to explain the cost/benefit aspects of the decision. Costs and benefits related both to City budget (General Fund and/or Special Funds) and to broader financial impacts (cost to users, homeowners or other groups affected by the action) . The personnel impact is a description of change or shift of Full-Time Equivalent (FTE) positions. � If a CONTRACT amount is less than $10,000, the Mayor's signature is not required, if the department director signs. A contract must always be first signed by the outside agency before routing through City offices. Below is the preferred ROUTING for the five most frequent types of documents: CONTRACTS (assumes authorized budget exists) 1. Outside Agency 4. Mayor 2. Initiat�.ng Department 5. Finance Director 3. City Attorney 6. Finance Accounti.ng ADMINISTRATIVE ORDER (Budget Revision) ADMINISTRATIVE ORDERS (all others) 1. Activity Manager l. Initiating Department 2. Department Accountant 2. City Attorney 3. Department Director 3. Director of Management/Mayor 4. Budget Director 4. City Clerk 5. City Clerk 6. Chief Accountant, F&M5 COUNCIL RESOLUTION (Amend. Bdgts./Accept. Grants) COUNCIL RESOLUTION (all others) l. Department Director 1. Initiating Department 2. Budget Director 2. City Attorney 3. City Attorney 3. Director of Management/Mayor 4. Director of Management/Mayor 4. City Clerk 5. Chair, Finance, Mngmt. & Personnel Com. 5. City Council 6. City Clerk 7. City Council 8. Chief Accountant, F&MS SUPPORTING MATERIALS. In the ATTACHMENTS section, identify all attachments. If the Green Sheet is well done, no letter of transmittal need be included (unless signing such a letter is one of the requested actions) . Note: If an agreement requires evidence of insurance/co-insurance, a Certificate of Insurance should be one of the attachments at time of routing. Note: Actions which require City Council Resolutions include: l. Contractual relationship with another governmental unit. 2. Collective bargaining contracts. 3. Purchase, sale or lease of land. 4. Issuance of bonds by City. 5. Eminent domain. 6. Assumption of liability by City, or granting by City of indemnification. 7. Agreements with State or Federal Government under which they are providing funding. 8. Budget amendments. r ►. `�� C �l�L._� �tL��t'�.� f_..� � C',c d'S '/S� 'I � PORT AUTHORITY OF THE CITY OF SAINT PAUL TOLL FREE(800) 328-8417 25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • PHONE (612) 224-5686 October 22, 1985 Mr. James Bellus, Director �E Planning and Economic Development Department O C���.�� City of St. Paul �'/'� 14th Floor, City Hall Annex 4 19� St. Paul, Minnesota 55102 fdAY��,����� S l�F SUBJECT: Atrium Office Partners, A Minnesota Limited Partnership • $2,500,000 REVENUE BOND ISSUE Dear Jim: We submit herewith for your review and referral to the office of the Mayor, City Council and City Attorney`s office details pertaining to the issuance of revenue bonds in the amount of $2,500,000 to finance the completion of an additional 26,200 Sq. Ft. of office space in the Cruciform Building by Atrium Office Partners in St. Paul Energy Park's historical district. In addition to the staff inemorandum, we are attaching a draft copy of the proposed City Council resolution and a copy of Port Authority Resolution No. 2539 which authorized the sale of revenue bonds in the amount of $2,500,000. Your expeditious handling of this matter will be appreciated. urs truly, `Q.A.�,Q , , Eugene A. Kraut Executive Vice President EAK:DGD:sjs cc. Mayor Latimer EUGENE A KRAUT,C.I.D. OONALD G.DUNSHEE,C.I.D. CHARLES M.TOWLE CLIFFORD E.RAMSTED PERRY K.FEDERS EXECUTNE VICE PRESIDENT ASSL EXEC.VICE PRESIDENT DIRECTOR OF INDUS7RIAL DEVELOPMEM CHIEF ENGINEER DIRECTOR OF RNANCE C.E.O. RICHARD A GIERDAL WILLIAM E.McGNERN aao�aN n,vwa,c-.�a DIRECTOR OF%1&JC RELATIONS COMMISSIONERS GEORGE W.WINTER WIWAM WILSON ARTHUR N.GOODMAN VICTOR P.REIM RAYMOND E.LANGEVIN CHRIS NICOSIA JEAN M.WES PRESIDENT V10E PRESIDENT SECRETARV TREpSURER COMMISSIONER COMMISSIONER COMMISSIONEf C.I.D. Certified Industrial Developer � ORT . , �� �,s- �.s��7 �� AUTHORITY OF THE CITY OF ST. PAUL Memorondum T�� BUARD OF COMMISSIONERS �A� Oct. 18, 1985 (Meeting October 22, 1985) FROM: Donald G. Dunshee SUBJECT: pUBLIC HEARING — PRELIMINARY AND UNDERWRITING AGREEMENTS — $2,500,000 REVENUE BOND ISSUE — ATRIUM OFFICE PARTNERS, A MINNESOTA LIMITED PARTNERSHIP — ST. PAUL ENERGY PARK RESOLUTION N0. 2539 1. The Company The AHW Corporation is a subsidiary of the Amherst H. Wilder Foundation with whom the Port Authority entered into a land sale and development agreement in the early stages of the Energy Park planning. AHW has to date constructed 356 housing units and have 415 units under construction for a total of 771 housing units. Attached is a summary of the Bandana Square development progress through August of this year. The summary points out the rental housing units are virtually 100y occupied, Bandana Square is 90% leased, SHARE Medical Center is full and they need additional expansion space in the Atrium Office Building, the Children's Museum is open, the Sunwood Inn will open in November, and the first tenants will be moving into the Atrium Office in December. 2. The Project The Port Authority Commission on October 23, 1984, approved a $4,500,000 industrial development revenue boad issue to finance the remodeling of 51,000 Sq. Ft. of space in the Cruciform building for office use. At the time that issue was approved AIiW planned to include as part of the Atrium building a 30,000 Sq. Ft. Health Club financed with a $1,750,000 taxable bond issue. The health Club was never constructed and Wilder proposes to complete the development of the Cruciform Building as an office facility with the new bond issue to complete an additional 26,200 Sq. Ft. for a total building containing 77,200 Sq. Ft. At the present time AHW Corporation has leased 18,480 Sq. Ft. of the original 51,000 Sq. Ft. or 36� of the space. They have letters of intent or are in serious negotiations for the entire 26,200 Sq. Ft. of space in the addition. This would bring the occupancy on the total building to 57.8y. At the present time in Energy Park all of the office space in the Energy Park Rus?r_ess Cent�r is lease�l and m�rP ihan 9q� of the of£ice space in the Energy Technology Center is also leased. AHW has agreed to guarantee this bond issue until the project is 70% leased or at a break even point with three year leases. . . , � /----�'S=/s/7 BOARD OF COMMISSIONERS — OCTOBER 22, 1985 ATRIUM OFFICE PARTNERS PAGE 2 The current atrium office building as well as the proposed addition were appraised by Berge Hansen on October 14, 1985, and he placed a market value on the completed project of $8,000,000. This is $1,000,000 more than the two bond issues will total. 3. Financing The proposed financing would be done as an 876 industrial development revenue bond issue for a 29—year term. The Port Authority would receive its customary fiscal and administrative fees, sinking fund earnings and earnings on the debt service reserve after the third year. Proceeds from the bond issue are as follows: Construction $2,025,000.00 Debt Service Reserve 256,500.00 Construction Period Interest 118,500.00 Bond Issuance Cost 25,000.00 Bond Discount 75,000.00 $2,500,000.00 Miller & Schroeder Financial, Inc. has agreed to underwrite the 29 year bond issue at an interest rate to be set at the time the bonds are sold. We anticipate the bonds will sell at the regular November 19, 1985 meeting. The project will be syndicated to take advantage of the historic tax credits. Financing in addition to the proceeds of the tax exempt bond issue of $2,50U,000 will involve approximately $1,000,000 in syndication proceeds. The lease will be non—recourse because of the syndication. 4. Terms of the Lease The original bond issue was done last Fall and the new issue will be for a term of 29 years. The Port Authority will receive as additional office building rent $30,000 per year from this bond issue. 5. Recommendation Staff has interviewed officers of the Corporation, reviewed the proposal and recommends approval of the above resolutions. � sjs . � . � �s-i��� , . . � 532-0 Resolution No. � RESOLUTION OF THE PORT AUTHORITY OF THE CITY OF SAINT PAUL WHEREAS, the purpose of Chapter 474, Minnesota Statutes, knawn as the Minnesota Municipal Industrial Develop- ment Act (hereinafter called "Act" ) as found and determined by the legislature is to promote the welfare of the state by the active attraction and encouragement and development of economi- cally sound industry and commerce to prevent so far as possible the emergeace of blighted and marginal lands and areas of chronic unemployment and to aid in the development of existing areas of blight, marginal land and persistent unemployment; and WHEREAS, factors necessitating the active promotion and development of economically sound industry and commerce are the increasing concentration of population in the metropolitan areas and the rapidly rising increase in the amount and cost of governmental services required to meet the needs of the increased population and the need for development of land use which will provide an adequate tax base to finance these inczeased costs and access to employment opportunities for such population; and WHEREAS, The Port Authority of the City of Saint Paul (the "Authority" ) has received from the Atrium Office Partners, a Minnesota limited partnership (hereinafter referred to as "Company" ) a request that the Authority issue its revenue bonds to �finance the completion of the renovation of the Cruciform Building in Energy Park in the City of Saint Paul through the acquisition, installation and construction of an additional 26, 200 square foot office facility in that building (hereinafter collectively called the "Project" ) , all as is more fully described in the staff report on file; and WHEREAS, the Authority desires to facilitate the selective development of the community, to retain and improve its tax base and to help it provide the range of services and employment opportunities required by its population, and said Project will assist the City in achieving that objective. Said , �(_�5—/S/? Prcject �ill help �o ir�crease the assessed valuation of the- City and help maintain a positive relationship between assessed valuation and debt and enhance the� i.inage and reputation of the City; an� WKEREAS,: the Project to�be- financed by revenue bonds �ilZ result in substantiaT employment opportunities in ttze Prajeet; WHEREAS� the Authority has been advised by repre– sentatives of the Company that conventionalr commercial financing to pay the� capitaT cost of the� Project is available only on � limited basis and at such higli costs: of borrowing that the� economic feasibility of operating the Projeet would be significantly reduced,. but the Cocnpany has aTso advised this Authority that but for revenue bond financing, and its resulting Lo� borrow�ing cost, the Project would not be undertaken; WHEREAS, Miller � Schroeder Financial, Inc. ( the "Underwriter") has r�ade a proposal in an agreement ( the "Underw�iting Agreement" ) relating to the purchase of the revenue� bonds to be issued to finance the Prvject; WHEREAS, the Authority, pursuant to Minnesota Statutes, Section 474.01, Subdivision 7b did publish a notice, a copy of which �ith proof of publication is on file in the office of the Authority, o� � public hearing on the proposal� of the Company that the Authozity financ� the Projeet hereinbefore described by th� issuance� of its i.ndustrial revenue bonds; and WHEREAS, the Authority did conduct a public: hearing pursuant to said notice, at which hearing the recommendations contained in the� Authority' s staff inemvrandunr to the �ommissioners were reviewed, and a�ll persons who appeared at th� hearinq were given art. opportuni.ty to exp=ess tlaeir vi�ws� �it2i respeet to the proposal ; and WHEREAS, it is the intention of the Port Authority to issue- its revenc�� bonds to fi.nance the Project on/or befor� December 31 , 1985y NO�, TSEREEORE.. BE LT' RESOLVED by the Commissioners cf th� Port Authority of th� �ity of Saint Paul, Minnesota as follows: L.. Ors the- basis of informatioa available to the Authority it appears., and the- Authority hereby finds, that said Pro7eet cons.tituteg properties, used or useful in connection with one oz more• revenu� producing enterprises engaged in any . business within the meaning of Subdivisioa 1(a) of Section � .,� ��S`�l�/`� 474.02 of the Act; that the Projeet furthers the purposes � . stated irt S�ection 474.0 L of the Act and, but for th� �cill:ingness of the Authority to furnistt such financing, the Company wouTd not undertake the Project, and that the effeet of the- Project, if undertaken,. c�iTl be to encourage> the develop— ment of economically sound industry and commerce and assist in th� prevention of the eniergence� of bl.ighted and marginal Tand, anc� w�ill. he�lp to prevent chronic unesnployment, and w�ill help the Ci.t� to- retairr and improve- its ta.�c base and provide the range of services and employment opportunities� required by its populationr and �,�€ilT he-lp to prevent the movement of talented anct educated: persons out of the state• and to areas w�ithin the state whe=e their services may not be as: effectively used. and . �€ill result in mor� intensive° development and use of land wGithin th� City and w�ill eventually result in an increase in the City' s tax. base, and that it is in th� best interests of the port distziet and the people� of the City of Saint Paul and in furtherance of the� general plan of development to assist the C'ompany in financing the Project.. 2. Subject to the� mutual agreement ot the Authority, the Company and the purchaser of the revenue bonds a� to the details of the� lease or other revenue agreement as defined in the Act, and other documents necessazy to evidence and effect the financing of th� Project and the� issuance of the revenue� bonds�,. the Project is- hereby approved and authorized. and th� issuanc� of revenue bonds of th� Authority i.n an amount not to exceed approximately $2, 500,000 (other than_ such additional =evenue� bond� as are needed to complet� tYLe Project) is authorized. to financ� the cost� of th� Project and the zecommendations of the� Authority' s staff, as set forth in the� staff inemorandum to the- Co�nissioners� which was presented to th� Commissioners, are incorporated herein by reference� and approved. 3. In accordance w�ith Subdivision ?a o� Section 4?4.O1, Minnesota Statutes, th� Executive Vice—President of the AUTHORZTY is hereby authorized and directed to submit the propos�l for th� abov� described Project to th� Commissioner of Energy and Economic� Development, requesti.ng his approvai, and other officers, employees and agents of the AUTHORITY are hereby authorized to provide th� Commissioner �ith such � prelimina�y information as> h� may requir�.. 4. Thete ha� heretofore been filed wcith the Authority a fornr o� PreTiminary Agreement between the Author.ity ancY �ompariy, relating to the proposed construction and 3. .' � � . �- ��i.��� financinq of� the Projeet and a fornt of the Underwriting Agreement. The forms of the agreements have been examined by the� Commissioners.. Zt i� th� purpose of the ag�eements to evidenc� the commitment of the parties and their intentions w'itk respect to th� proposed Project in order that the Conipany may proceed wGithout delay w�ith the� commencement of the acquisition, installation and construction of th� Project with th� assurance that there has been sufficient '"official action"" under Section T03(b) o� th� Znternal Revenue Code of 1954, as amendedF to; allo� for the issuanae of industriaT revenue bonds (including, if deemed appropriate-,. any interim note or notes to provide� temporary financinq thereof) to finance� th� entire cost of the Project upon agreement being reached as to the uTtimate- details. of th� Praject and its financing. Said Agreements are hereby approved, and the President and Secretary of the Authority are- hereby authorized and directecT to execute said Agreements� 5.. Upon execution of the P=eliminary Agreement by the Company, the staff of the Authority is authorized and directed to continue negotiations �ith the Company so as to resolve th� remaining issues necessary to the preparatioa of th� lease and other documents necessary to the• adoption by the Authority of its final bond resolution and the issuance and delivery of the zevenue bonds; provi.ded that the President (or Vice—President if the President is= absent) and the Secretary (or Assistant Secretary if th� Secretary is absent) of the Authority, or if either of such officer� (and Ytis alternative) ar� absent, the Treasurer of th� Authority i.a Iieu of such absent officers, are hereby authorize� in accordance with the provision� of Minnesota Statutes,, Section 475..06, Subdivision L, to accept a final offer of the Undezw-riter mad� by the Underwriter to purchase• said bonds and to execute an Underwriting Agreement setting forth such offer on behalf of the� Authority.. Sucrr acceptance shall bind the Underwriter to said offer but shall be subject to approval and ratification by the Fort Authority in: a formaZ suppT.emental bond resolution to b� adopted prior tQ the delivery of said revenu� bonds. 6. The revenue bond� (including any interim note� or notes) and interest thereon shall not constitute� an indebtedness of th� Authority or th� �ity of Saint Paul within th� �neaning o� any constitutionaT or statutory Timitation and. shall not constitute� or giv� ris� to a pecuniary liability o� th� Authority or the� �ity or � charge against their general credit or taxing power�: and ne-ither th� full faith and credit nor th� taxing p�rers of th� Authority or the City is pledged for th� payment of the bond� (and interinr not� or notes) or interest thereorr� 4 ` - �-��r=/S���I � ' , ► • 7. Ia crder to facilitate� completion of the revenue bond financing hereia contemplated, the City Council is: hereby requested to consent, pursuant to Laws of Minnesota, 1976, � Chapter 234, to the issuance of th� revenue� bonds (including any interim note or notes) herein contemplateci and any adc�itional bonds which the� Authority may prior to issuance or froia. time� to time: thereafter deem necessary to complete the� ProJect or to refund such revenue� bonds; and for such purpose th� Executive Vice� President o� the Authority is hereby authorized and directed to forward to th� City Council copies of this resoTutioa and said Freliininary Agreement and any additional available information the �ity Council may request. 8► The+ actions of the Executive Vice-President of the Authority ia causing public notic� of the public hearing and iri describing the general natur� of the Project and estimating the principal amount of bonds to be issued to finance the- Projeet and in preparinq a draft of the proposed application to the Commissioner of Energy and Economic Development, State of Minnesota, for approval of the Project, �hich has been available- for inspection by the� public at the office� of the� Authority from and after the publication of notice of the hearing, are in all respects ratified and confirmed. Pidopted: October 22:, 1985 .' �/' �_ � �' , � Attest _ "' , , . . ;�__ President/ � The Fort�Authority of the City of Saint Paul � GGQ�- Se e ary � 5 ��s-�s<� �., '�:, CITY OF S.A.Ii�TT PA.UL �� �� �t�i=����'� OFFICE OF TF3� CITY COUYCIL ;1tt i's�:Lilll � �ammittee Report � F':i�.ance �iana�e� ment�, � Pers�nnel Committee. . November 7, _I985 1. Approval of minutes from meeting held October 31, I985. �l�1�;Zpv� � 2. Resolution approving an amendment to the I984-85 Collective Bargaining Agreement between the City and AFSCME Local 1842 and Local 2508. ��C�F.D 3. Resolution approving agreements with First Trust Company as Paying Agent, Registrar and Transfer Agency for the 1985 S9ater Revenue and General Obligation Bond Issues. ��%y� � `4' Resolution approving the City' s participat.ion in the Consolidated Dislocated Worker • `,� Proj�ect and amending the 1985 Special Flmd Budget bv adding .�-Y7';'`OII to the Financing Plan and Spending Plan for said project. �P�v� � �7,-s""� S. Resolution amending the. I985 budget by adding $15,377 to the Financing PIan and Spending Plan for Public Health-Health Bldg. Maintenance. I�pRCVF.LI 6���lution'authorizing,the issuance of Port Authority Revenue Bonds in the anount � �,t�f .$2.�SUQi I100 to fina.n�e the completion of offic,�e,;��:�.�s_.�ace in the Cruciform Buildizig ia Energy Park by Atrinm Office Partners. PCP����'�/� 7. Resolution amending the 1985 budget by adding $10,900 to the Financina and Spending Plan for Community Services. Ac���V� 8. Administrative Qrders: D-7682 (addition of $362,901.50 to the contract for the improvement of Ford Prky. from Mississippi River Blvd. to Howell Street and Cleveland Ave. from Hillcrest to Bayard) and D-7686 (Budget revision in Community Services Dept.) '� �� ��C� ����y NOT ON PREPARED AGENDA: Resolution amending the I985 budget by adding . $154,060 to the Financing and Spending Plan for Special Proj ects-Police. �P�Ot�£D. CTTY HALL SEVENTH FLOOR SAINT PAUL.MINNESO"�'A 55102 �° rse