279521 M/H17E - CITV CLERK COUIICII ����
PINK - FINANCE
CANARV - DEPARTMENT GITY OF SAINT PAUL
BLUE - MAVOR File NO.
City A�ttny/RSH Council Resolution
Presented By � .
Referred To Committee: Date
Out of Committee By Date
RESOLUTION AUTHORIZING PA TO ACT
AS AGENT FOR CITY UNDER UDAG NO.
B-82-AA-27-0043 ( "UDAG")
WHEREAS, the City of St. Paul, bZinnesota ( "City") , Recipient
under Urban Development Action Grant No. B-82-AA-27-0043 has
received preliminary approval for a Grant of $3,431, 000 .00 for
use in the development of the Energy Park Project ( "Project") ; and
WHEREAS, the Authority shall issue its Industrial Development
Revenue Bonds to finance a portion of the Project; and
WHEREAS, the City and the Authority are desirous of coordin-
ating the expenditure of public funds and the development of the
Project in general.
NOW THEREFORE, BE IT RESOLVED by the Council of the City
of St. Paul as follows:
1 . The City hereby authorizes the Authority to act on
behalf of the City and as agent for the City in its capacity
as Recipient under the above-referenced UDAG.
2 . The City Council hereby authorizes execution of the
Agreement dated as of November 23, 1982
by and between the Authority and the City (attached hereto) .
COUNC[LMEN
Yeas Nays Requested by Department of:
ReR."her� •-��
�e��ne [n Favor
Masanz
Nicosia �
�,•�e;be� _ __ Against BY
Tadeeeo•
Wilson
NOV 3 � �9$2 Form Approved by City Attorney
Adopted by Council: Date r
cJ,
Certified • d by Co nci cret By
By
tlpproved by vor• Date DEC 2, 198� Appr ed by Mayor for ssion to Council
B ' �� – — BY
y
PUBUSHED D E C 11 1982
C a.Q� �-'� ' f
P.E.D. RA T ���
QE �
Terry Rittenhouse CONTACT
292-1577 PHONE l � '
11/10/82 DATE ���� �
(Routing and EXplanation Sheet)
Assign Number for Routing Or�r (Clip All Locations for. Mayoral Signature): �
� ,,,
� Department Director I�,
�;
1 City Attorney RE,C�
QK� Director of Management/Mayor ��
Fi nance and Management Servi ces Di rector NOV ;( '� .� , ,
Ci ty C1 erk MAYQ�,� ,��.�1C� ,
Budget Director
4 Jim Scheibel , St. Paul City Council �
What Will be Achieved b Takin A�ction on the Attached Materials? Pur ose Rational :
- Authority to execute the participation agreement between the City�and the Port Au hority.
(This agreement is a required evidentiary document to the Energy Park II UDAG con ract)
- City funds are not involved.
Financial , Budgetary and Personnel Impacts Anticipated:
Funding Source and Fund Activity Number Charged or Credited:
Attachments (List and N wr�er all Attachments) :
Agreement between the City and the Port Authority.
DEPARTMENT REVIEW CITY ATTORNEY REVIEW
Yes No Council Resolution Required? Resolution Required? 1Fes ' No
Yes X No Insurance Required? Insurance Sufficient? Yes ' No
Yes No Insurance Attached?
Revision of October, 1982
(See Reverse Side for Instructions '