279069 WHITE - CITV CLERK COUIICII 'f�.1/rC�
PINK - FINANCE G I TY OF SA I NT PA U L
CANARY - DEPARTMENT � �7��■,
BLUE - MAVOR File NO. V �
�
Council Resolution
Presented By � ' �
Referred To Committee: Date
Out of Committee By Date
WHEREAS, Council File 277510, adopted October 1, 1982 did establish certain Special
Fund budget policies; and
WHEREAS, pursuant to the Section of the Charter of the City of Saint Paul, the Mayor
recommends the following amendment be made to the 1982 budget:
CURRENT AMENDED
FINANCING PLAN BUDGET CHANGES BUDGET
TOWN SQUARE PARK FUND
Assessments $ 434,301 $ (150,000) $ 284,301
Contribution from City - -0- 150,000 150,000
Tax Increment Revenues from
Downtown & Seventh Place Tax
Increment District #82
NOW, THEREFORE BE IT RESOLVED, that the City Council adopts the above Amendment
to the 1982 budget, and
BE IT FURTHER RESOLVED, that financing from tax increments revenues from the
Downtown and Seventh Place District #82 be included in the Mayor's Proposed Town Square Park
Fund budget in the following amounts and in the following years:
1983 $ 175,000
1984 $ 150,000
1985 $ 100,000
1986 $ 100,000
1 �
� = � � �' ;
COUNCILMEN
Yeas Nays Requested by Department of:
Fletcher � �
�ev�ne [n Favor
Masanz
Nicosia
scheibei �__ Against 'T�-BY
Tedesco
Wilson
pUG 5 ��Z Form Appro d by ity ney
Adopted by Council: Date R
Certified P� s Coi ncil r ar BY
' f
B,
t\pprove vor� Date _ � , Ap y Ma � u 's ion t ounci
�
BY _ B
PU6USt�F� AU G 1419 -
�
,' � � � � . .
/ ' ' � . ' ' L�'' .
1NTERDEPh�R MENTAL MEMORANDUM � O�,1�'6�
UATE: July 7, 1982 _
T0: t•iayor George Latimer ���d Members of the City Council
ti
FRO:•1: Steve Wellington ��
- RE: TO[:'N SQUARE FINANCING PLAN •
4fter considerable discussion with representatives of the Building Owners and
M2nagers Association, the Downtowri Community Development Council, the Chamber
of Com.-nerce, and Oxford Development, I am now prepared to .recommen� a financing
plan for the 19�82-83 Town Square Park operating budget. ,�s you are aIl awa�e,
this financing plan has been the subject of considerable controversy over the
past several years. I believe all parties are now in agreement regarding a �
long-term solution to this difficult issue. Staff is now prepared to reeom-
mend that the following financing plan be adopted by the City Cauncil.
1.. Fro� July 1, 1982 and thereafter, costs for Town Square Park will be .
allocated between the so-called Town Square "Loft" and the balance of
the public space on the lower"'three levels. The Loft is unders�ood to
nean all of the costs associated with the park on the fourth level, the
scenic elevator, the two escalators between �the skyway and the loft level,
` zt�d fountain system on all levels, _ _
?. Oxford Development will be responsible for 100% of the costs an the lower
three levels which are not included in the Loft de£inition as e}:pl.ained
above.
3. The costs for the Loft will be spread on downtown property owners through
a service charge formula as detailed by Bill Donovan, the Director of
Assess�:•,nts and Valuations for the City.
4. In co�sideration for Oxford assuming 100% of the costs of the lower three
levels, the City k*ill agree to provide development asszseance in the foru�
o� z contribution toward the operation and maintenance costs of the Towa
Square public space as follows: .
, � Operating Year Ccntribution "
1982-83 $250,000 _
1983-84 150,000 .
1934-85 � 125,000
1985-86 . 100,000
1986-87 50,000
. �' L���aaa
� . . ,
3 .
. -2-
y Tne source of this developmen.t assistance is tax increment revenue provided as
'�`�,;;F a part of the Seventh Place Project Redevelopmeat and �inancin� Plan. The
"=?x` so-called Seventh Place Tax Increment Project aperates on a caiendar year basis
:r' as opposPd to the July to June budget year for the Town Square operating hudget.
' � Consequently, the allocation that is proposed from down:town tax increment
proceeds �s as follows:
1982 • $150,000
. • 1983. r 175,000
1984 150,000 �
1985 100,000
1986 100,000
Total. $675,OQ0
It is estimated that over the n�xt five years the total cost for the public
space will equal $3,929,548. This figure assumes that the operating bu�iget
f�r, the total publ.ic space (Town Square Lof_t and the lower three levels
cou�bined) will i.ncrease at a rate of approxi_matel.y 10%. Using these assuznptians,
tne $615,000 of City financial assistance from the Downtown Tax Increment Dist:rict
will equal approximately 17% of the total costs for the public space o��er the
next five years.
It should be emphasized that the City assistance declines over time and that as
of July 1, 1987 Oxford Development will be responsible for 100% of the cost of
*_he Iower three levels without any City assistance.: �"
?�ttached to this memorandum are copies of the detailed assessment plan as
prepared by Bill Donovan's office, a map of the dowTntoc�n area illustrating ttie
four zones of properties which will be affected, the detailed 1982-83 operatir.�
budget for Tok�ri Square, anci a copy of the proposed amendment to the Downto�-n
'�ax Increment Budget. If there are any questions with any of these materials
prior to the 3uly 13th gublic hearing please feel zree to canLact n�e.
S[,T:d a
cc: Jim Bellus
Jim Hart �
Walt Bowser
John Poor -
Bill Donovan �
Gr.eg Blees _
. , �
4 . ������
5�:��`IC� Total Es�i:aated costs and financir.g plan for ti:e praposed 1evel oi
C:'Q�:GE Operation and uaintenance for Tow�n Saua:e "Pub?ic Space�" for t�ie
-�:p�- period :rom July 1, Z982, to June 30, 1983, is as , iollows:
`AT10ti •
Concourse Level S134,634 - 100; Da2G� tJ� �:cTor�
Street/Skyway 222,640 - 100i paid bv Ox�ord.
. � Loft 2�6,37b - Paid by all P:operties
T��al Budget � Sb43,6�0
�stimated Service Cnarge rates are :iou:ed in �ollars per square :oot c�f -
land area.
SERVICE CH?3GE. BLOC�S�
, ZOtv� RaTE _ I:� ZOATE
Toc,.i Scuar� Ohford $2.4E3360!� � � 35, �Oi
Zone 1 $ .09':961 35,."s7,�°,5t}8,51,60,5?,62
Z.one 2 S .0647!�0 2Z,��'�3�?!�s3!,�33,,5,�2,
. • 59,63,71,�2,73,i�:,7�
Zone 3 S .043��I1 1i,12,13,14;I3,�G,2p,25
25,33,39,'+Q,4�,-�6,4;,5.i
54,�7,�fi,64,6�,69,70,76
���g��g;,S4,8�,8E,E7,�s;g9
Zorie 4 -$ .004?02 1,2, 3,i,5,5,i,8,9,10,15,16
• 17,15:,27p28,29,30,31,3?
41,!+3,!•�,»,56,66,6i,7S,
' 79,gl,gp,°1,93,G4,95,95
* See attached map to locate Blocks . -
:. , , _. . . .. - - - -_ ..�,...a...�....,...�._....._.._._ . �.._. . .
� :.: �.:...::.�..:�.�:::::...;._ , . -. ,,�, - -- .�.��.:,. .. .. _. . :.:
,.w.���-.
t!1 � W N ., � n � N
W ct
_�..'. G
p p .� � y� t �
� . � n p O
'� — �.} - -
Q � ¢r ci- c-t � �
� � � �� v � ..�J J � I�V W . .
�
� � ..S � �..s � � Q '� '
� '� � � c �
N • � C � � � N _ G. 4
fD � � ! _ ff] � ,
CO fD fD
� ¢, cC - W O� N ct fi �
� p C W .
.�. N � W
N � � ..a. ID �
� tn -S � .c} �
iv -5 �D . .
(D
�p � tn < � �'
' � �- � � --s �
�
(n t0 fD Q' OJ y -
. . � � �. � J� . Tl . . �
- -� fD C]- Z •
� rD -'s � ' � p
• N � � �, w � �--
�
tn
ct f7 � � a1 N � -
N (D N � N -
�. .-. c-}� � �- O
� `�',, "' o � -� r -n
-a o �-. c� c� � �' � ° � .
p, ,. � � rr � � u cNi� � � o
c-�t O � O � C N N 01 � .
V O
Q1 V � W �
� C � � O.. '�'S J N
N ?� C� N �? � C
� �
�. � O o 4 C7 �3
�- �s < -s � m
m cn v� cn c �
..S � • •. � �A C
n o � '� c�
�
,N ° �'; c�-� � � . '
• �� � �.{. �
.._+ C _ •
. � � _' �V
� �-" �
n • � X
� �J �
� • , �
0 � . .
� pQ N
N N �
v�
" �p .
X
'l7 •
(D
. y � � Cll . CI7 Ol --j • .
' � CTl • W .A �
. N . .A V W c+
_ � � .� W
W Cil 01 �-'
N W �
Ctl � O
�
. �.
�
, • ,
�.
�: �:�'��::� iY
�IT. c)r�.
1r 'i�...,,-..•• •
' ' �`4 , • Do t e . July ��. 1982 �
- ��.,,,� . . .
, . . . • �,
_ �. � C 4 �l1 I�JI l T T E E � R E P � R i - ;�`�9�69
.
� TO : Soin�t PouE City Coctrrcit _ . � � - �
FRO � � Commi-t�ee Ot1 FzNANCE� MANAGEMENT � PERSO�TNEL -
. � . ' James' Scheibel , choiFmon, . �=•�� � : ._� .-
The Finance Committee; "at �the meeting of �/29/g2 . , recommended approval of the following:
. -
1. Approval of minutes from meeting held July 22, 1982_ . • �
2. Resolution reimbursing I�-. �, Mrs. James Carmouch for �overcharges in .the
amount of $233_40 due to an error in the classification of their property
for tax purposes. ��, -�-,__.�'=��`"�� � � _.
- 3. Resolution reimbursing the Dept. of I�'atura2 Fesources for overchar es in �
street maintenance assessments for the Fish }latchery site. �...a '
4. Resolution appro�ing a tti,ro year Agree�ent� be�,t►;� . St_ Paul and
the Electrical Union, Local 110. '��.�fle' �� -
- ��� - �-�� .,�
S. Resolution authorizin d�S�uc,ta.on..caf�arious City of St. Paul General
Obligation Bonds. ���13� ��� -
6_—Resod��.iau-a��3c�o��g--�-�e-1�82...]�a,S�3lte�a�e--�,a�ol'-Aoa..�ee�►e33z-beLwaPn tt,P ['ity=�
�tT-�atd-e�d-t�e-£-i�vator{.jonst�rne��-s--�3r��o�;—�,c�e�-�� �'r��'°r,r�c�rs--:.�L�•,---�,,.--c ;
7. Resolution amending the Civil Service Rules concerning promotion re r� ents
������:�Q i
. S. Resolution transferring �23,000 into the Oxford Pool Account code�� �
���3-p -�
���.Presentation by Joann I�elson of the Rec}•cling Unlimited Proj ect.
/� ! ��� �� • - _ C� ��
�,'1��il:i.c:.;� � Gll'o l.�A� C�-D /�-t1 1� � �i(;�lti
'/��' .. �� � //r)/�J� . -' 1�=�`.'%�� li r.���s'�.;.G. CJ
_. !/ ✓ /
„��i
CITY' ;!:\(_L SEVF.�TH F1.OUR ,:�I�-T P�\1;L, :.tlti`f=S���f.\ S�I(�'_
_�„ .
.
+ DEPARTMEi�T: P �,A
• ' ' CONTACT s '�'a-wL �'el�.c-c.�.�-t _
� ROUTING a�a EXPLANATI�N SHEET p}��E; ��qo _
GREEN. SHEET
�� - i �l
For Administrative Orders, Resolutions, Ordinances and. Agreemeats
ROUTING ORDER — ROUTE BY ASSI6NE� NLMAFR; �JUL � 91982
I CTOR OF MANAGEMENT MAYORS 0 F
°� . �'���69
, DEPARTMENT DIRECTOR DIRECTOR, FINANCE 8 MGT. SERYICES
' CITY ATTORNEY CITY CLERK
BUDGET DIRECTOR '
ACTION RFALESTED �GLIP A 0 ATt�NS FaR I�LeYORA StC1�LeTL�s€,:
Approval to s�bmit Council Resolution amending the financing�plan of the 1982
Town Square Park Fund Budget.
�IHAT WI B A HI VEfl BY TAKING ACTION ON THE ATTAGHED NL�TERIALS- �PLRPOSE AN� RATtONALE)?;
The City will finance a portion of the 1982 operating and maintenance costs
of Town Square.
FIN NCIAL. BLlpGETARY AN� P RSONN IMPA -TS ANTI -IPAT D,
Change in the �Financing plan of 1982 Town Square Park budget decreasing
assessments by $150,000 and replacing this with a City contribution from
�owntown T�x increments of $150,000. Also, the City is proposing to make �
additional contributions from tax increments in the a�aunt of $525,000
from 1983 - 1986.
ATTACHMENTS �LIST ALL ATTACHMENTS): r
1. Council Resolution .
2. Memo from Steve Wellington to the Mayor and City Council '
3,
eccae nev.cew neceee ort. en,t o e o w�c.ng 4uppo cwnewta
� . . C.r,ty +ILWn.ney:
1. Counci.t Reao�Cu.t.i.on Requ,ucedt yES NO i. Reea.P.atL°on? YES NO
2. Ineunan.ce Requ.ih.ed' YES NO 2. inawca►tce Sc�6b.i.�i.�.tY YES NO
3. Ineunanc.e Ax.tachedY YES NO
Rev3sian OFIe4/29/82