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280457 WHI�E. - CITV CLERK PINK �- FINANCE G I TY OF SA I NT PALT L Council s)�� t� CANARV - DEPARTMENT � QJ.UE - MAYOR File NO. � � •City Atfny/JTH • • C uncil Resolution Presented By �'�� Referred To �t 1�l/�"�� Committee: Date b�a 8 3 Out of Committee By Date RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF GROUND LEASE AND PURCHASE AGREEMENT RELATING TO THE SALE OF THE CIVIC CENTER TO THE HOUSING AND REDEVELOPMENT AUTHORITY (HRA) WHEREAS , by Resolution CF 280374 adopted May 26 , 1983 , the City Council approved the Seventh Place Redevelopment Project Financing Plan For the �ivic Center Improvement and Civic Center Sale-Leaseback concept whereby $10, 000 ,000 would be made available for the repair, renovation and improvement of the Auditorium and Parking Ramp components of the Civic Center Complex property; the Civic Center real property and improvements would be conveyed to the HRA under Ground Lease and Purchase Agreement and an assign- ment of said Ground Lease and Sale Agreement made by HRA to Civic Center Partners Limited Partnership (Partnership) ; and the Partner- ship as lessor and City as lessee would enter a Lease Agreement providing for the continued public use and operation by the Civic Center Authority of the Civic Center for cultural , convention and recreational uses ; and WHEREAS, under provision of Minnesota Statutes Sections 462.445 Subdivision 1 , 462.581 and 465 . 035 the City and HRA have the authority to enter said lease, purchase and sale agree�_ents in order to provide or obtain land, buildings and structures and to improve the same as necessary for governmental , proprietary or red.evelopment public use and purposes ; and the City and HRA have determined that it is necessary and desireable to enter into a Ground Lease and Purchase Agreement in the exercise of their powers in furtherance of these purposes ; now therefore, COUNCILME(�1 Requested by Department of: Yeas Nays Fletcher `R7 GaO� In Favor Masanz Nicosia sche�be� __ Against BY Tedesco Wflson Form Approved by City Attorney Adopted by Council: Date Certified Vassed by Council Secretary BY By Approved by INavor. Date Approved by Mayor for Submission to Council By BY WHITH - CI7V CLERK . COI1flC11 V �{ / PINK - FINANCE � // /�) CANARV - DEPARTMENT GITY OF SAINT PAiTL aQ � i � / BLUE - MAVOR File NO. � Council Resolution Presented By Referred To Committee: Date Out of Committee By Date ' -2- BE IT RESOLVED by the Council of the City of Saint Paul , Minnesota as follows : , 1. That the Ground Lease between the City and the HRA for a term of 40 years commencing June 1 , 1983 of the real property described in the attached survey underlying the Civic Center Arena, Auditorium, Concourse and Meeting Rooms , and Parking Ramp and Pedest�ian Tunnel , substantially in the form presented to and considered at this meeting and as the same may be here- after modified in a manner and form acceptable to the City Attorney are hereby approved as a part of the transaction des- cribed in CF 280374 and referred to as the Civic Center Sale/ Leaseback (the "Transaction") and its execution by the proper City officers is hereby authorized. 2. That the Purchase Agreement between the City and the HRA dated June 1, 1983 , whereby the City agrees to sell and the HRA. to purchase the Arena, Auditorium, Concourse, Meeting Rooms , Parking Ramp, Pedestrian Tunnel buildings , improvements , fixtures and specified movable personalty used in the operation of the Civic Center (the "Facilities") , and the HRA agrees to pay the City as consideration therefore (a) upon closing the sum of $5 , 032, 000, (b) periodic payments pursuant to a Tax Increment Note attached to said Agreement, (c) on July 1 , 1998 the sum of $26 ,576, 000 pursuant to Deferred Payment Note No. 1 thereto attached, (d) on July 1, 1998 the sum of $14,113 ,000 pursuant to Deferred Payment Note No. 2 and of the limitations of the Purchase Agreement, and further the HRA agrees to expend or cause to be expended in accordance with the terms of the COU[VCILMEN Yeas Nays Requested by Department of: Fletcher Levine In Favor Masanz NiCOSia scneibe� _ __ Against BY — Tedesco Wilson Form Approved by City Attorney Adopted by Council: Date Certified Passed by Counc.il Secretary BY By Approved by Mavor. Date _ Approved by Mayor for Submission to Council BY - – — BY WHIEE, - CITV CLERK [[[\��( l PINK �- FINANCE Jx��;� CANARV - DEPARTMEN T G I TY O F SA I NT PA IT L CO11flC1I ,"�� B�.UE - MA;OR Flle N O. ` .Council Resolution Presented By �� ' Referred To Committee: Date Out of Committee By Date -3- operating Lease between the Partnership and the City the sum of $10, 000, 000 for improvements to the Facilities , which Purchase Agreement substantially in the form submitted to and considered at this meeting and as the same may be modi- fied in a manner and form acceptable to the City Attorney is hereby approved as a part of and upon condition of the completion of the entire Transaction and its execution by the proper City officers is hereby authorized. 3 . That prior to final City Council approval and closing of said Transaction, the Council understands that � the HRA. will conduct a public hearing upon the proposed . assignment of the Ground Lease referred to in Paragraph 1, and execution of a Sale Agreement to the Partnership ; that the Civic Center Authority will give final approval to the disposition and sale of the Ground and Facilities ; and that the City Attorney will approve as to form the Transaction Documents including the said Ground Lease and Purchase Agreement herein approved in substance. 4. That upon the occurrence of the events described in Paragraph 3 , above, delivery of the said Ground Lease and Purchase Agreement to the HRA is hereby authorized timely for the closing of the Transaction. COU[VCILMEN Requested b Department of: Yeas Nays Fletcher � Galles [n Favor Masanz Nicosia sche�be� __ Against BY - Tedesco Wilson Adopted by Council: Date JUN 9 �9�3 Form Appro by City tor y Certified s e b Council S re BY � B}� t�p by Mavor: Date � � O i9 y Mayor for S mi io o Council By , PUBLISHED JUN 18 1983 I� �� PED _ DEpARTt�1ENT Steve Wellington CONTACT 292-1577 PHONE June 3 1983 DATE ��n �� (Routing and Explanation Sheet) Assign Number for Routing Orckr EClip All Locations for Ma�yoral Signature): �Department Director City Attorney t/Mayor Finance and Management Services Director R�CENED - 4 City Clerk JU,� �D -. , 3 Budget Di rector MAYORS OFFICE i�hat Will be Achieved by Taking Action on the Attached Materials? (Purpose/Rationale): This is one of several forthcoming resolutions pursuant to the sale and leaseback of the Civic Center. This resolution pertains to the conveyance of the Civic Center by the City to the HRA under a Ground Lease and Purchase Agreement. It authorizes the execution of such .documents by the City after an HRA public hearing to be held June 8, 1983. and upon closing of the sale lease/back transactions. Financial , Bud�tary and Personnel Impacts Antici�ated: No immediate impact, but will authorize the sale and leaseback of the Civic Center under the terms so negotiated and described in the various disposition documents. Funding Source and Fund Activity Number Charged or Credited: . Attachments (List and N�er all Attachments): 1. City Council Resolution DEPARTMENT REVIEW CITY ATTORNEY REVIEhII ' Yes No Council Resolution Required? Resolution Required? Yes No Yes No Insurance Required? Insurance Sufficient? Yes No Yes No Insurance Attached? Revision of October, 1982 ISPP RPVPr�P SidP for �Instructions) . + ' , - - �� ,,. , , . . . . ' • . - �, _ � � . .. � .� . _� �-�:iv��-� . CzT�T or S�z�TT �'�.vr� . ��,,, ,;�� ,�. � r.'� �;�� `,: orricr oi�• •r�-zr ci•r.Y- cov�c�r� � �� rr�+ifTti��' � - � ^�'_-rfl�SY..- �t . � - D d f e : 2, 1983 ,._�• ___ :=�"•��s June , �; :`..� __;^!�^� "•.; `•_. -�,, ....-• - `_��'`a"'i�=�'�`'��C'��=¢�, � TO = Sa �n? Pau l City Councit - -F R O � �-C O t71 t��)I T�'e�- O h F INANeE,-�MANA�EMENT�'�'"PERSONNEL � C N a(R James Scheibel l., Approval o� minutes from meeting� held May 26, _1983. ,��;�.��4.�� - - . . • . . ,, • • . _ � - 2. Resolution authorizing�an increase in �Che budget for the Police Responsi��e - Services Fund. (Police Dept.) ��'!`!�f'�' ��. 3. Resolution agproving the Community Development Block Grant Program }iousing� ..____Assistance Plan, 1983-1986.• � (PED� ,_ �O�`O�� '��EEtC� •''"� - � . � . ' . --:��ta-a.n-�....��.-ai_'`' 4. Ordinance amending Sections'33.0�1 and 370.16 of the St. Yaul Legislation Cocle. ' (Community Services) � =o�fR.`=Q%�1�,_�p ""'' , , . . , .a.�...�y,�,.aa-�� . � � S. Resolut�.on approving the issuance of industrial development revenue boncl,,,= for the acquisit�sn ,and=remode�ing a� H�axt].ar,�� p ess I�ic �Lort, Authorit ��*'�'�°'� &�3:-_DZ��a W�w�� xc aG r��2fSoc.v�o�"�v.�'"c.a_ :" �I g- �� __ _._�-3-p. . -- as.rc.r..� ....,�-.�...,�.- -•• -fv+�6c►-�r�r-�� t..s._ _[�-' �° '+�+ry='v i�wc.5.-,.s., 6. Resolution. approving the issuance _of industrial development revenue bonds for Unitog Co. to finance th��con�truction of and equipment for a�new building. • (Port�Authority)�' Ua La NG fiC'!='b7F,,CEST� -/'v_~P_R��:�ir+�="frLS' �n�o,� . .., +�+e'�.c�....�-�v�,a.a�l-....,t�.��c....�a� . „+i�t�.'�;=�s+.��c� . ��J•. 7:_:.Status Report on the City Budget follo�ring_the 1983 Legislative�ession. ' �c7t1"��EK.no.�' _��.f,'�"�'b'��. NOT ON PREPARED AGENDA: '�"'r'°�°`-"~"°- ' 8. Resolution authorizing execution and delivery of ground lease and purchase agreement relating to the sale of the Civic Center to the HRA. � p�OVEO 3-O. ��...... ...,-- 9. Resolution reducing amount of tax increment pledge towards payment of project General .Obligation Eonds for pledge to pay�ent of Special " Obligation Tax Increment Revenue Note (St. Paul Civic Center Project), Series 1983 '�'L�G�_tb"=�v-:T.bv��[� -:t.v�;�u-T ��2�coi-•��o^n1a'�. - � --. - �uLn.,sr. ,.�....�.r.�..: ..vs�....a a....�.•�--�+.�.-�*1..�:= y��_- 10. Resolution authorizing execution and delivery of lease agreement and depository agreement relating to the Civic. Center; establishing and providing for the administration of a Civic Center Lease Fund and a . , Lease Security Fund; and pledging and appropriating certain moneys and revenue sourcYs�to�sa�_funds to meet the City's obligations under the lease. ��.�_�"%=-=�.�3./y2Gs.�,.u3 �T�puT y,RC�,��C�jAn-1'o�? "�' . . I - -t..,.........�..,e ....L .�.. C1('Y }IAI.L SE;VF:�1TtI FL.001: SA1I�7' I'AUL, �11�:N1:�C)� �1 551(�' ' ��..-i..„