274128 �NHITE - CITV CLERK
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PINK - FINANCE G I TY OF SA I NT PAU L Council `,�'���:�
CANARV - DEPARTMENT � �
BLUE - MAVOR File NO.
Council Resolution
Presented By
Referred To Committee: Date �
Out of Committee By Date
Resolved, that upon recommendation of the St. Paul Long Range
Capital Improvement Budget Committee, the Mayor, and the City
Council Committee on Finance, Management and Personnel, the
appropriation and financing changes for the Downtown Development
Projects on the attached document are hereby approved.
Approved as to Funding: Approved: _
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Bernard . Carlson, Director ;Ri ard E. chroeder
Department of Finance and Budget Director
Ma�na�gem�u/��rvicg���
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COUNCILMEN Requested by Department of:
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DEC 13 1979 Form Approved by Ci y Attorney
Adopte�#' y Council: ,Date — 1 �
C�ftified Yass y ourtc'I Secre ry BY , ' �
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App by M yor: D � � 9 A co e by Mayor for Su 'ssi�n to Council
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DOWNTOWN DEVELOPMENT PROJECTS
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SUMMARY
Original Recommended
Budget Change Budget
Downtown Development
�cvoo District #1 $ 393 ,400 $ 19, 304* $ 412 ,704
��'�0 1978 Tax Increment 6 ,510,000 -0- 6 ,510,000
3��l0o UDAG 4 ,800,000 -0- 4 ,800,000
��,soo Urban Renewal Bond Fund 917,985 173 ,079 1 ,091,064
�ouo private Donations -0- 200,000 200,000
NN'7/L ,wc�Ey i5 iPccC�rcD . '
TOTAL $12,621,385 �< • $392 , 383 $13,013,768
*Approved April 1979 - see attached.
10/18/79
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October 18, 1979 1 of 4
BUDGET AMENDMENT
DOWNTOWN DEVELOPMENT PROJECTS '
Approved Recommended
Budget Change Budget Fund
I. SEVENTH PLACE PROJECT
a. S.O.M. Conceptual Design $ 70,000 $ 0 $ 70,000 DDD #1
b, f�oole Construction Management 240,Q00 Item transferred to F TIF
c. Poole Site Services 250,000 Item transferred to F UDAG
d. S.O.M. Working Drawings 301 ,800 40}000 341 ,800 TIF
e. Engineering Consultant 20,000 0 20,000 u�Ac
f. Structure Construction 5,739,200 Item transferred to F TIF/UDAG
F. TOWN SQUARE FULL � New Includes items b,
CONSTRUCTION BUDG�T Item c, f, m & (v)cc 8,440,192 TIF/UDAG
g. Oxford Bl�ck 27 Ldalks,
Lights and Signals 79,000 (21 ,750} 57,250 TIF
h. Utility Relocation Costs 78,000 (6,000) 72,000 TIF
i . Manholes 6,000 2,126 8,126 TIF
j . Sewer Availability Charge (SAC) 10,G00 (U,O���) 3,°52 TIF
k: 67ock A Ramp Share 129,J00 (50,000) 79,�'���� TIF
Reimbursement to Port
1 . DPM Structural Support 200,000 106,784 306,784 TIF
m. Furniture/Fixtures Loft 300,Q00 Item transferred to F uDAC/Privat
n. Extended Skyway�Cedar Street 400,000 (400,000) 0 TIF
o. Project Contingency 765,500 (746,104) 19,396 TIF
Original Budget Items Total $8,588,500 $830,000 $9,418,500
Add Item (V)cc Inspection
Services 30,000 Item transferred to F
SEVENTH PLACE BUDGET $8,618,500 $800,000 $9,418,500
REVENUE SOURCES
Downtown Development District #1 $ 70,000 0 $ 70,000
UDAG 4,730,000 0 4,730,000
1978 Tax Increment 3,818,500 �600,000 4,418,500
Private Donations* 0 200,000 200,000
8,6 8,500 800,000 9,418,500
*Note: fromrSeventD�PlacenStart UptFund �(Iii�y�ed, �nterim Funding will be provided
• ' •��tGber 18, 1979 • 2 of 4
� Approved Recommended
Budget Change Budget Fund
II . RADISSON HOTEL PROJECT
p. Skyway Bridge - Hotel to
Norl;hwestern Bank $ 200,000 Transfer to item Q 0 URBF
q. Sky�ray Bridge _ Hotel to
Bremer Building 200,000 Transfer to item Q 0 URBF
Q SKYWAY CONSTRUCTION BUDGET 0 - $ 629,200 URBF
Subtotal � 400,000 �229,200 $ 629,200 URBF
r. Escalator and Concourse 265,620 ( 8,345) 257,275 URBF
s. Block A-4 Concourse and
Storage 175,3b5 6,664 182,029 URBF
t. Block A Walks, Lights, Signals 77,000 (54,440) 22,560 URBF
u. Change Orders 91 ,800 0 91 ,800 TIF
v. Radisson South Skyway Costs
(Non CD) 160,000 (120,000) 40,000 TIF
Total $1 ,169,785 � 53,079 $1 ,222,864
REVENUE SOURCES
Urban Renewal Bonds R-20 $ 917,985 5173,079 $1 ,091 ,064
1978 Tax Increment 251 ,800 (120,000) 131 ,800
1.,169,785 53,079 �1 ,222,864
III . PROJECTS RELATED TO SEVENTH PLACE REDEVELOPMENT
w. Parking f�uil Dzsign $ 20,400 0 $ 20,40G DDD #1
and Supervision
x. Parking Mall Construction 1�5,000 0 135,000 iIF
y. Seventh Place Initial Startup* 350,000 (100,000) 250,000 TIF
Y PUBLIC SPACE SUPPLTES, EQUIPMENT AND
FURNISHINGS New item $100,000 100,000 TIF
Z CULTURAL ADVISORY COP�MITTEE OPERATION:
CONSl1LTANTS, PRINTING AND
EXPENSES New Item 20,000 20,000 TIF
aa. Potential Acquisition � $ 500,000 (500,000 0 TIF
Total $1 ,005,400 (�480,000) $ 525,400
*Item y to be amended to a]low interim advance funding of items to be privately financea
through donation. _
REVENUE SOURCES
Downtown Development District #1 $ 20,400 0 $ 20,400
1978 Tax Increment 985,000 (480,000) 505,000
�1 ,005,400 ( 480,000) 525,400
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October 18, 1979 '�-� �¢� 3 of 4
Approved Recommended
Budget Change Budqet Fund
IV. BLOCK 7A PROJECT COMPLETION
bb. Skyway BridgE� to St.
Joseph' s Hospital $413 ,000 $ 19 ,3Q4 $432 ,304 TIF/DDD�.
Total $413 ,000 � 19 ,304 $432 ,304
REVENUE SOURCES
Downtown Development
District #1 $303,000 $ 19 , 304 $322,304
1978 Tax Increment 110 ,000 -0- 110 ,000
$413 ,000 $ 19 ,304 $432,304
V. STAFF COSTS
Cc. Inspection Services Item trsfrd. -0- TIF
to I (F)
dd. Administrative Expenses $270,000 $ -0- $270,000 TIF/UDAG
Total $270, 000 $ -0- $270,000
REVENUE SOURCES
1978 Tax Increment $200 ,000 $ -0- $200,000
UDAG 70,000 -0- 70,000
• $270,000 $ -0- $270,000
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4 of 4
October 18, 1979
Approved Recommended
Budget Change Budget Fund
VI. BOND SALE RELATED EXPENSES
ee Tax Increment Analysis $ 20,000 $ -0- $ 20,000 TIF
ff Bond Consultant and Counsel 20,000 -0- 20,000 TIF
gg Contingency 4,700 -0- 4,700 TIF
hh Estimate of Capitalized Interest
for G.O. Developmen,t: Refunding
Bonds of 1978 562,300 -0- 562,300 TIF
ii Estimate of Capitalized Interest
for G.O. Development Bonds of
1979: Series A 457,700 -0- 457,700 TIF
jj Discount at Time of Issue for
G.O. Development Bonds of 1979:
Series A 80,000 -0- 80,000 TIF
$1,144,700 -0- $1,144,700
Revenue Sources
1978 Tax Increment $1,144,700 -0- $1,144,700