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00-1070Council File # De-10'iO oa Presented Referred To Committee Date 1 WF�REAS, Saint Paul wants to promote a owth of technology businesses; and 2 WfIEREAS, there is a need for early stage seed capital to make it possible for technology companies to grow; and 3 WI-IEREAS,theexistenceofseveralhighgrowthtechnologybusinesseswouldhaveasignifcantpositiveeconomic 4 benefit to the City; and 5 WHEREAS, most of the local seed capital has been invested in companies outside of the City of aaint Paul; and 6 WEIEREAS, this resolution does not require any fmancial commitment from the City, it is simply expressing 7 support;and 8 WHEREAS, in order to receive the $SO,OOO loan/inveshnent fron: t2��e St4ie of P.�fu��, a resol��ion evidencing 9 support is required; and 10 WHEREAS, if the funds are not received ?n � t;melv m�nner, th� �ntl will n�r_exist hecause thP ,,,;n;muxn has not 11 been met at $450,000; 12 NO W, THEREFORE, BE IT RESOLVED, that the Saint Paui City Council supports the loan due to the economic 13 benefit to businesses located within the City of Saint Paul. Requested by Department aE By: Form Approved by City Attomey By� by Council Secretary Approved by Mayor for Submission to Council �l�a�T^�" �,. . -. � � �.�- d 'ri� f" � . _�ff, ,�r ! Adopted by Council: Date �erv .$+ a'�o � Llfl�.�i� DEPARTMENTAFFICE/COUNCIL OATE MlTIPTEO G R E E N SH E E o e-�O �� Clty C.011RCll INRIAL/DATE INITIAI/DATE CONTACi PERSaN R PHONE O DEPAiiTMENT DIRECTOP � C1TY COUNCR CI7T1S COIP_7Q2.II 266-8620 ��N �CITYATfORNEY pCRYCLERK MUST BE ON CAUNCIL AGEI3OA 8Y (DATE) NIINBQi FOP O BUDGET DIAECTOF � FIN. & MGT. SEAVICES D1R. pOUTIN6 OPOEB � MAYOR (OR ASSISTANT) ❑ TOTAL # OF SIGNATURE PAGES (CLIP ALL �OCATIONS FOR SIGNATURE) ACTION REQUESTER: The Saint Paul Capital Fund is required to have a resolution from the City of Saint Paul in order to get a$50,000 investment from the Minnesota Agriculture and Economic Development Board. The fund has raised $450,000 and needs the last $50,000 to begin to make investments aECOMMEND iONS: Approve (A) or Fieject (R) pERSONAL SEqVICE CONTRACTS MUST ANSWER THE FOLLOWING QUESTIONS: _ PLAMNiNG COMNASSION _ CIViL SEFVICE COMMISSION �� Has this personlFrm evet worked urWer a contract Eor ihis departmeni? _ CIB COMMITTEE YES NO _ STAFF l^ 2• Has this person/firm ev0� been a city employee? — YES NO _ Disrnic7 CoUai _ 3. Does this pereon/firm possess a skill not normally possessetl by any current city employee? SUPPORTS WHICH COUNdL 0&IECTIVE? YES NO Explain ell yea enswers on separate sheet antl ettach to green sheet INITIATING PROBLEM, I�SUE, OPP�RTUNfTY (Who, Wha[, When, Wh6re. Why) ADVANTAGES IPAPPROVED: � � DfSA�VANTAGES IF APPROVED: � � � � DISADVANTAGES IF NOT APPROVED: � TOTAL AMOUNT OF TRANSACTION $ COST7REVEtJIlE BUDGETED (CIRCLE ONE) YES NO FUNDIidG SOURCE ACTIVITV NUMBER FINANCIAL INFORFiATION: (EXPLAIN) Council File # De-10'iO oa Presented Referred To Committee Date 1 WF�REAS, Saint Paul wants to promote a owth of technology businesses; and 2 WfIEREAS, there is a need for early stage seed capital to make it possible for technology companies to grow; and 3 WI-IEREAS,theexistenceofseveralhighgrowthtechnologybusinesseswouldhaveasignifcantpositiveeconomic 4 benefit to the City; and 5 WHEREAS, most of the local seed capital has been invested in companies outside of the City of aaint Paul; and 6 WEIEREAS, this resolution does not require any fmancial commitment from the City, it is simply expressing 7 support;and 8 WHEREAS, in order to receive the $SO,OOO loan/inveshnent fron: t2��e St4ie of P.�fu��, a resol��ion evidencing 9 support is required; and 10 WHEREAS, if the funds are not received ?n � t;melv m�nner, th� �ntl will n�r_exist hecause thP ,,,;n;muxn has not 11 been met at $450,000; 12 NO W, THEREFORE, BE IT RESOLVED, that the Saint Paui City Council supports the loan due to the economic 13 benefit to businesses located within the City of Saint Paul. Requested by Department aE By: Form Approved by City Attomey By� by Council Secretary Approved by Mayor for Submission to Council �l�a�T^�" �,. . -. � � �.�- d 'ri� f" � . _�ff, ,�r ! Adopted by Council: Date �erv .$+ a'�o � Llfl�.�i� DEPARTMENTAFFICE/COUNCIL OATE MlTIPTEO G R E E N SH E E o e-�O �� Clty C.011RCll INRIAL/DATE INITIAI/DATE CONTACi PERSaN R PHONE O DEPAiiTMENT DIRECTOP � C1TY COUNCR CI7T1S COIP_7Q2.II 266-8620 ��N �CITYATfORNEY pCRYCLERK MUST BE ON CAUNCIL AGEI3OA 8Y (DATE) NIINBQi FOP O BUDGET DIAECTOF � FIN. & MGT. SEAVICES D1R. pOUTIN6 OPOEB � MAYOR (OR ASSISTANT) ❑ TOTAL # OF SIGNATURE PAGES (CLIP ALL �OCATIONS FOR SIGNATURE) ACTION REQUESTER: The Saint Paul Capital Fund is required to have a resolution from the City of Saint Paul in order to get a$50,000 investment from the Minnesota Agriculture and Economic Development Board. The fund has raised $450,000 and needs the last $50,000 to begin to make investments aECOMMEND iONS: Approve (A) or Fieject (R) pERSONAL SEqVICE CONTRACTS MUST ANSWER THE FOLLOWING QUESTIONS: _ PLAMNiNG COMNASSION _ CIViL SEFVICE COMMISSION �� Has this personlFrm evet worked urWer a contract Eor ihis departmeni? _ CIB COMMITTEE YES NO _ STAFF l^ 2• Has this person/firm ev0� been a city employee? — YES NO _ Disrnic7 CoUai _ 3. Does this pereon/firm possess a skill not normally possessetl by any current city employee? SUPPORTS WHICH COUNdL 0&IECTIVE? YES NO Explain ell yea enswers on separate sheet antl ettach to green sheet INITIATING PROBLEM, I�SUE, OPP�RTUNfTY (Who, Wha[, When, Wh6re. Why) ADVANTAGES IPAPPROVED: � � DfSA�VANTAGES IF APPROVED: � � � � DISADVANTAGES IF NOT APPROVED: � TOTAL AMOUNT OF TRANSACTION $ COST7REVEtJIlE BUDGETED (CIRCLE ONE) YES NO FUNDIidG SOURCE ACTIVITV NUMBER FINANCIAL INFORFiATION: (EXPLAIN) Council File # De-10'iO oa Presented Referred To Committee Date 1 WF�REAS, Saint Paul wants to promote a owth of technology businesses; and 2 WfIEREAS, there is a need for early stage seed capital to make it possible for technology companies to grow; and 3 WI-IEREAS,theexistenceofseveralhighgrowthtechnologybusinesseswouldhaveasignifcantpositiveeconomic 4 benefit to the City; and 5 WHEREAS, most of the local seed capital has been invested in companies outside of the City of aaint Paul; and 6 WEIEREAS, this resolution does not require any fmancial commitment from the City, it is simply expressing 7 support;and 8 WHEREAS, in order to receive the $SO,OOO loan/inveshnent fron: t2��e St4ie of P.�fu��, a resol��ion evidencing 9 support is required; and 10 WHEREAS, if the funds are not received ?n � t;melv m�nner, th� �ntl will n�r_exist hecause thP ,,,;n;muxn has not 11 been met at $450,000; 12 NO W, THEREFORE, BE IT RESOLVED, that the Saint Paui City Council supports the loan due to the economic 13 benefit to businesses located within the City of Saint Paul. Requested by Department aE By: Form Approved by City Attomey By� by Council Secretary Approved by Mayor for Submission to Council �l�a�T^�" �,. . -. � � �.�- d 'ri� f" � . _�ff, ,�r ! Adopted by Council: Date �erv .$+ a'�o � Llfl�.�i� DEPARTMENTAFFICE/COUNCIL OATE MlTIPTEO G R E E N SH E E o e-�O �� Clty C.011RCll INRIAL/DATE INITIAI/DATE CONTACi PERSaN R PHONE O DEPAiiTMENT DIRECTOP � C1TY COUNCR CI7T1S COIP_7Q2.II 266-8620 ��N �CITYATfORNEY pCRYCLERK MUST BE ON CAUNCIL AGEI3OA 8Y (DATE) NIINBQi FOP O BUDGET DIAECTOF � FIN. & MGT. SEAVICES D1R. pOUTIN6 OPOEB � MAYOR (OR ASSISTANT) ❑ TOTAL # OF SIGNATURE PAGES (CLIP ALL �OCATIONS FOR SIGNATURE) ACTION REQUESTER: The Saint Paul Capital Fund is required to have a resolution from the City of Saint Paul in order to get a$50,000 investment from the Minnesota Agriculture and Economic Development Board. The fund has raised $450,000 and needs the last $50,000 to begin to make investments aECOMMEND iONS: Approve (A) or Fieject (R) pERSONAL SEqVICE CONTRACTS MUST ANSWER THE FOLLOWING QUESTIONS: _ PLAMNiNG COMNASSION _ CIViL SEFVICE COMMISSION �� Has this personlFrm evet worked urWer a contract Eor ihis departmeni? _ CIB COMMITTEE YES NO _ STAFF l^ 2• Has this person/firm ev0� been a city employee? — YES NO _ Disrnic7 CoUai _ 3. Does this pereon/firm possess a skill not normally possessetl by any current city employee? SUPPORTS WHICH COUNdL 0&IECTIVE? YES NO Explain ell yea enswers on separate sheet antl ettach to green sheet INITIATING PROBLEM, I�SUE, OPP�RTUNfTY (Who, Wha[, When, Wh6re. Why) ADVANTAGES IPAPPROVED: � � DfSA�VANTAGES IF APPROVED: � � � � DISADVANTAGES IF NOT APPROVED: � TOTAL AMOUNT OF TRANSACTION $ COST7REVEtJIlE BUDGETED (CIRCLE ONE) YES NO FUNDIidG SOURCE ACTIVITV NUMBER FINANCIAL INFORFiATION: (EXPLAIN)