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281014 MiHITE � - CITV CI.ERK PINK - FINANGE G I TY O F SA I NT PA U L Council �f'�( CANARV - DEPARTMENT FIIC NO. �`-����4 BLUE - MAVOR City Attn.y/JTH Council Resolution Presented By Referred To Committee: Date Out of Committee By Date RESOLUTION APPROVING THE FORM OF AND THE EXECUTION AND DELIVERY OF THE GROUND LEASE 6 AND PURCHASE AGREEMENT I1V CONNECTION WITH THE SAINT PAUL CIVIC CENTER PROJECT WHEREAS , in connection with the undertaking of the Saint Paul Civic Center Project (the Project) , the City of Saint Paul as Lessor and Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (HRA) as Lessee propose to enter into a Ground Lease dated as of September 1, 1983 , (Ground Lease) whereby the City leases the land underlying the Civic Center Complex (more fully described in said Ground Lease) ; and the City as Seller and the HRA as Buyer propose to enter into a Purchase Agree- ment dated as of September 1, 1983 , (Purchase Agreement) whereby the HRA purchases the Civic Center Facilities (being the buildings , fixtures and equipment constituting the Civic Center improvements , and being more fully described in said Purchase Agreement); and WHEREAS, the City is authorized to enter into the Ground Lease and Purchase Agreement under Minnesota Statutes Sections 462.581 and 471 . 191 and under Section 13 . 04 of the City Charter and the HRA is authorized to undertake the Project and enter into the Ground Lease and Purchase Agreement under Minnesota Statutes , Chapters 462 and 474, and the approval, execution and delivery of the Ground Lease and Purchase Agreement in connection with said Project is for a public purpose as contemplated in said Statutes and Charter, is in the public interest and necessary to carry out the Project under- taking; now therefore, be it COUNCILMEN Requested by Department of: Yeas Fletcher Nays �e��� (n Favor Masanz NiCOSIa scnetbei __ Against BY Tedesco Wilson Form Ap ved b City Att rney Adopted by C ouncil: Date Certified Yassed by Council Secretary BY � By t�pproved by 1Aavor: Date _ APProv ayor for Sub ' to Council By By �� PUBLISHED 0 C T 2 2 1983 4/HITE �- CITY CLERK � ��/� ,`�� PINK - FINANCE G I TY OF SA I NT PA U L Council 1U CANARV - DEPARTMENT BLUE - MAVOR File NO. � Council Resolution Presented By Referred To Committee: Date Out of Committee By Date -2- P.ESOLVED by the Council of the City of Saint Paul that the forms of the proposed Ground Lease and Purchase Agreement presented to the Council on this date are hereby approved, and the Mayor, City Clerk and Director of the Department of Finance and Management Services are authorized to execute the same in the name of and on behalf of the City, together with such other documents as the City Attorney considers appropriate in connection with the implementation of said Ground Lease and Purchase Agreement . In the event of the absence or disability of the Mayor , City Clerk or the Director, such officers of the City as in the opinion of the City Attorney m� act in their behalf and shall without further act or author- ization of the City Council do all things and execute all documents required to be done or executed by such absent or disabled officers . Such officers are authorized to make such changes in the form of said documents as are necessary, subject to approval by the City Attorney, provided no such change shall materially alter the nature or extent of the City' s obligations thereunder. COUIVCILMEIV Requested b Department of: Yeas Nays �� Fletcher Galles In Favor Masanz Nicosia scnetbei 0 __ Against BY Tedesco Wilson Adopted by Council: Date ��+T � 3 1983 Form Appro y City ttorn Certified Y s e b un il c et BY T r By r�. Appro by�i4lavor: e 4 �9S Approv d by Mayor for Submission to Council By � BY PUBLISHED OCT 2 2 1983 , �� � �-�,�.2��fl14 NOU3tH6 AHD REDEYELOPMENT AUTHORtTY OF THE CtTY OF �A{NT PAUL, [IlilNNESOTA REP�RT TO THE COMMlSSIONERS DATE october 12 , 1983 REGARDI[�6 CIVIC CENTER PROJECT CLOSING Closing of the Civic Center sale-lease back transaction and revenue bond issue is set for October 26 , 1983 . In advance of the closing certain HRA Board and City Council actions are required: By HR.A Board - 1 . Final Bond Resolution and approval of Loan Agreement , � Indenture , and Official Statement , 2 . Tax Increment Note and Pledge, Special Obligation Notes and pledge of sale proceeds , and Real Estate Docu�ent (Purchase Agreement , Ground Lease , Sale Agreement , and Ground Lease Assignment) approval � Resolution; and By City Ct�uncil - 3 . Rea1 Estate Docvment approval Resolution , • 4. Tax Increment Resolution, 5 . Indemnitv Resolution, � 6 . City L;�.�s�e Resolution. Distributed herewith is the Preliminary Official Statement sumrnarized at page 3 thereof , �aith introductory statement of the transaction contained at pages 5 and 6 , and �ahich contains detailed descriptions of the several resolutions , documents and transactions referred to above . (See page 2 , ������ REPORT TO THE CONL^'IISSIONERS Page 2 October 12 , 19$3 Table of Contents) . The indemnity resolution, not referred to in the Official Statement , commits the City to defend and indemnify elected officials and officers , and PED, Finance Department and City Attorney Office employees against any claim that might arise out of their participation in the transaction and preParation of the Official Statement other than participation involving malfeasance or willful neglect . Staff requests that today' s regular meeting be continued to Thursday, October 13 , 1983 , at 10 : 30 a.m. , at which ,'time the HRA Board and . thereafter the City Council might consider t�hese actions . ' James Bellus James Hart •