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276439 WHITE - CITY CLERK .a;a PINK - FINANCE G I TY O F SA I NT PA U L Council ��6L��g CANARY - DEPARTMENT BLUE - MAYOR File N O. . ncil Resolution , . Presented By Re erred To Committee: Date Out of Committee By Date WHEREAS, the Saint Paul Port Authority was granted a broad array of powers, including the power of eminent domain, to under- take a governmental program of economic development, and WHEREAS, H.F. 246 would prevent the Saint Paul Port Authority from acquiring property by eminent domain and require that such action be taken by the City of Saint Paul, and WHEREAS, the power of eminent doma.in is essential to the Port Authority' s qualification as a political subdivision and its ability to issue revenue bonds, and �IEIEREAS, the elimination of the powers of eminent domain would require a ma.jor restructuring of the Port Authority and jeopardize its ability to ma.rket revenue bonds, thus adversely affecting the Saint Paul Port Authority, the City of Saint Paul and its citizens; now, therefore, be it RESOLVED, that the City Council hereby opposes H.F. 246 and, be it FURTHER RESOLVED, that the City Clerk shall transmit �a copy of this resolution to the Ramsey County Legislative Delegation for its consideration and action. COUNCILMEN Yeas Nays � Requestgd by Department of: t�� Levine � [n Favor Maddox McMahon � B showaiter __ Against Y �eda�c� FEB � � 1QR1 Form Approved by City ttorney A ted by C cil: Date � Certifi assed nc;l Secr ary � � FEB 2 7 1981 Approved by Mayor for Submission to Council Approve :Vlayor. Da — By BY 1'1i�tt�t��.0 ��;:,�;�; ;7 '�3u1