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274324 WMITE - C�TV CLERK I PINK - FINANCE COUnCII ������ CANARVlDEPARTMENT CITY OF S.�INT PAUL =� BLUE - MAVOR File NO• CityAttny/J'IIi —RH • • o ncil �esolut�on Presented By Referred To Committee: Date Out of Committee By Date RESOLUTION AUTHORIZING EXE UTION OF A DEVELOPMENT CONTRACT FOR THE CEDAR STR ET RETAIL BRIDGE WHEREAS, the Council of th City of Saint Paul approved on January 17, 1980, subject to cert in conditions which must be accepted and performed by Oxford evelopment Minnesota, Inc. (Oxford) and Dayton-Hudson Corpor tion (Dayton) , the vacation of certain air, surface and subsurfa e rights over, in and under Seventh Place and Cedar Street in the City of Saint Paul; and WHEREAS, the Council has f rther authorized and permitted Oxford, subject to certain conditions, to construct a retail and pedestrian concourse elevated str cture over Seventh Place and Cedar Street, which will contain ublic easement areas for the Saint Paul Skyway System connecti from Town Square to Dayton's Department Store; and WHEREAS, on behalf of the C'ty, there has been negotiated preliminarily, subject to this Co cil's approval, a certain "Block 26 - Phase One, Seventhland Cedar Bridge and Concourse Construction and Cost Preliminary greement" , which Agreement further delineates the responsibil'ties of Oxford, City and the Housing and Redevelopment Authorit of the City of Saint Paul, Minnesota (HRA) as to the distribu ion of cost responsibility and conditions and covenants under whi h the structure may be constructed; and WHEREAS the fundin for e Cit . g y grant portion of the cost responsibility, not to exceed $575 000 , is to be drawn from the Urban Development Action Grant (UD G) funds generated from the payback of Gran�t No. B-79-AA-27-00 6 , and that interim funding therefore may be drawn from HRA ta levy funds, to be reimbursed COUNCILMEN � � Yeas Na s Requested by Department of: Y Butler ��- Hozza In Favor I� Hunt I � ��S$� Levine __ Against �I BY Maddox Showalter I Tedesco I Form Approved by City Attorney Adopted by Council: Date �/�/�� /_. Certified Passed by Council Secretary BY � ��� By i tapproved by :Wavor. Date _ Approved ayor for Submission to Council BY - — BY � I WMITE - CITV CLERK .(� PINK - FINANCE � COIIIICII � "' '� CANARVf- DEPARTMENT GITY OF SAINT PAUL File NO• ��' �t'� BLUE - MAVOR ` Council R solution Presented By Referred To Committee: Date Out of Committee By Date 2. by said UDAG payback, when availab e. NOW THEREFORE, BE IT RESOL D THAT: 1. All appropriate City of icials and agents are hereby authorized to execute the "Block 2 - Phase One, Seventh and Cedar Bridge and Conoourse Construction nd Cost Preliminary Agreement" in its present form. 2. Funding for the City gr nt commitment thereunder, not to exceed $575,000, sha11 be from the anticipated payback of funds generated by UDAG Grant No. B-79- -27-0006, that interim funding therefore may be drawn from HRA ta levy funds , to be reimbursed by said UDAG payback, when availab e. ; j Yeas COU[VCILME Na s Requested by Department of: I�cMA�=HON Y �a [n Favor Hunt � � Levine _ d __ Against By v Maddox Showalter Te JAN 2 2 1980 Fo�m APP�o�e City Attorney Adopt y Counc� : Date � ertified . �ed by uncil Secretary By � � /�lpprov avor: Date �AN 2 4 i980 I Approved by Mayor for Submission to Council ; By BY PU,�i.ISHED ;�� 2 ���'�