278705 WHITE - CITY CLERK ---��--�.., J_�j����
PINK - FINANCE ���-.. �/ lJ
CANARY - DEPARTM r G I T Y O F S A I N T �L1 LT L COUflC1I
BLUE - MAYOR
File N .
, �� il Resolution
Presented B
Referred To Committee: Date
Out of Committee By Date
CITY COUNCIL RESOLUTION AMENDING THE 1982 CAPITAL
IMPROVEMENT BUDGET TQ PROVIDE FUNDING FOR ENERGY
PAf�K DEVELOPMENT PROJECTS AND TO AMEND THE ENERGY
PARK, TAX INCREMENT DTSTRICT 11 FINANCIAL PLAN
BE IT RESOLVED, by the Council of the City of Saint Paul , upon recommendation
of the Mayor and advice of the Long Range Capital Improvement Budget Committee,
that the 1982 Capital Improvement Budget, as heretofore adopted by the Council
and thereafter amended, (CF277821 ) is hereby amended in the following particulars:
A. Add New Tax Increment Finance Bonds to the 1982 Capital Improvement $938,a 51
Budget
Fund Source: Tax Increment Bonds
B. Add New Tax Increment Finance Bond Appropriations to the 1982 Capital $938,�51
�mprovement Bu get
Energy Park Tax Increment District
C. Appropriation Analysis
See attached "Energy Park Land Acquisition and Public Improvements
Surr�nary Budget" with Financing and Appropriatioris Plan and Appropriations
Analysis.
/7_
Greg e , Budget Director Peter Hames, Director of Finance and Mgt.
Serviees
COUIVCILME[V Requestgd by Department of:
Yeas Nays �
Hunt
.�wwo-- [n Favdr
Maddox
McMahon B
snowaiter -�-- Against Y
Tedesco
Wilson �
MAY 1 8 1982 Form Approved by City,Attorne
Adopted by Council: Date —
Certified P•ss d b ncil e BY
B �
Ap rov by ;Vlayor. D 'MAY 2 0 1 82 Appro y Ma r f Submi io ncil
B _ BY
PUBUSHED M AY 2 9 1982
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' ENERGY P_ARK LAND ACQUISITION AND PUBLIC IMPROVEMEN"I'S BUDGET
(Reflects changes�requested for proposed budget amendment of 5-18-82)
I. FINANCING PLAN �
A. Estimated sources of revenue other than
• tax increment or bonded indebtedness
1. Port Authority Revenues $ 7,642,863
2. Urban Development Action Grant 18,731,500
3. Economic Development Administration Grant 2,300,000
28,674,363
B. Short Term Energy Park Revenue -Bonds �
Series 1981-1 • , 25;000,000
C. Other Port Authority Revenues or
Tax Increments 8,824,151
D. Total Financing Plan 62,498,514
II. SPENDING PLAN �
- A. Direct Costs
Estimated
Description Costs
Land Acquisition ac Relocation 13,158,839
Sanitary Sewer 975,224•
� Storm Sewer 6,844,151
Water Mains 755,000
Streets 2,675,250
Lexington Avenue Signals 100,000
Bike Trails 274,100
Lexington Avenue Sidewalks 50,000
Demolition/Site Preparation 632,900
Grading 1,061,745
Gas Mains 50,Q00
Energy System 8,365,489
Athletic Facility 2,883,000
Administration 2,262,066
Parking 262,000
Concourse 6,178,800
' Contingency 2,000,000
. 48,998,514
B. Indirect Costs
Capitalized Interest 8,000,000
Debt Service Reserve 4,600,000
Cost of Issuance 900,000
13,500,000
C. Total Direct & Indirect Program Costs $62,498,514
...�
� _ �7 �'��`� .
.
Appropriations Analysis _
• . Tax Increment Finance Bond Budget �
Recommended by the CIB Committee 5-14-82
� � Current Proposed
Line Items Appropriations* Change +/{•=� '� Appropriations
A. Midway Ath Fac 635,000� 635,000 -
B. Land Acquisition 7,389,500 � (174,000) • 7,215,248
C. Rail Relocation 280,000 (105,000) 175,000 ��
D. Demolition/Site Pr 1,200,000 (705,000� 495,000
E. Streets/Roads 973,296 ( 296) 973,000
G. Grading 985,000 ( 68,255) 916,745
I. Storm Sewer 747,000 4,151 751,151
K. Sanitary Sewer 100,000 � ( 34,776} � 65,224
L. Energy Plant 973,254 (744,571) 228,683
M. Energy Lines 325,000 325,000
T. Bike Trails 274,100 274,100
W: Contingency 468,050 1,531,950 2,000,000
938,051 .
. *As Amended 11/17/81
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