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 •