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277771 WNITE - CITY CLERK � (((���}+� PINK - FINANCE n � `� � CANARY - DEPARTMENT G I T Y O F S A I N T 1 �u L COUIICII � s BLUE - MAYOR File N O. . , ouncil Resolution , Presented By Referred To Committee: Date Out of Committee By Date I RESOLUTION AUTHORIZING THE APPLICATION FOR '�� A STATE OF MINNESOTA DISTRICT HEATING DESIGN LOAN AND ENCUMBRANCE OF UDAG FUNDS � I WHEREAS, by Resolution CF 277045 adopted June 25, 1981, thel City Council of Saint Paul approved an urban development action � grant and UDAG Funding Agreement with the United States Departme t of Housing and Urban Development for the downtown district heati g system project; and WHEREAS, the State of Minnesota has enacted the "District I� Heating Act" , Minnesota Law 1981, Chapter 334, which provides fo State loans to municipalities for the design of district heating systems; and WHEREAS, the District Heating Development Company has reque ted the City to secure a design loan from the State of Minnesota in he amount of $498, 500; and WHEREAS, the DHDC will pledge to the City a lien on the Thi�d Street Plant in the amount of $498,500; , NOW, THEREFORE BE IT RESOLVED, that the proper City officia s are hereby authorized and directed to secure on behalf of the Di trict Heating Development Company a District Heating Design Loan in th amount of $498,500; I BE IT FURTHER RESOLVED, that UDAG Funds in amount of the Di trict Heating Design Loan obtained from the Minnesota Energy Agency ( A) are hereby encumbered to meet loan repayment requirements impose under the District Heating Act by MEA. !, �� i COUIVC[LMEN �i� Yeas Na s Requestgd by Department of: , Hunt Y � � I Levine �_ In Favor Maddox : McMahon B - Showalter - __ Against Y Tedesco I Wiison i Adopted by Council: Date — DEC 3 1981 Form A d by City tor ' ✓ Certified as• y Council Sec ary BY � By i �C $ a��� A r ed by Mayor for S mi n to Council I Approved b . or. Date _ BY – — B i ��� PUBUSHED D E C 12 198i ' � . +i `. . . � . . . . . , .. .. ' " ' . .. ..'�• � �. . . . . . � . - ... � . . EXPLANATION O� ADMINISTRATIIf£ ORflERS, � . RES�LUTIONS, AND ORDINANCES: � . DA-�E: //- q- 8/ RE �OV 1 � 1 81 � ` T0: MAYOR GEORGE L'ATIMER MA'�ORS OF ICE � � FROM: �� r� C� 'C.n..�,-y _ Rf: C.�t�zc,wc�.%P �►�o�t�+o � ,�, �-r �- ��`� �L��'`'`�� �� �'�'� .�.. �- � s�..� � ��. � ,���.�.�- ���..� �,.., ; � `� ACTI01� REQUESTED: � '�'i`?r�t ' . . . . . .. - . �� r��. , . . . .. t �' F�K a�c. a.�t ,Z�i�r w� � �- ��� -� �.. ,E.o � ��,.. �,p ��,�� � ,,� ::� ���� �`�=�..� M..� : �-�.� �;�.=�.. �-- � -� �° � � � �tit�...� . �e�.�.�uwrT v� � ��a.�.r.� f� c,c.�v,a� PU�tPOSE AND RATIONALE FOR THiS ACTI(1N: ?"� S� �9�.�s� ��� �' �-o�- � '�` .� p��C �..��e� G-C`7 fn ��'u'�°'�' � ' : Q� � d��.� ��-� f 4 .�-✓�.-, :�� � �� , . �r.�-1L� ,� -� � � �-• � -c�.0:.� ,o,�vc � ��� ATTACtIME�ITS: C�-�=Q ' ' k� .- � .. . . . � .. � .. . . � � . . . . .. . ...:. -'. .. .:.... -._. . ��:. � � � .'1� . � � � . � . ... �� . � .. ... . ., .. . . .. . . . �. 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