274023 WHITE - CITV CLERK
PINK - FINANCE GITY OF SAINT PAUL Council '��'' �
CANARV - DEPARTMENT
BLUE - MAYOR File NO. �� ��
Ca .nc ' solution
Presented By � ���
Referred To Committee: Date
Out of Committee By Date
WHEREAS, the Council of the City of Saint Paul by Resolution
C.F. 272972, adopted by the Council on May 17, 1979, and approved by
the Mayor on May 18, 1979, did give preliminary approval to the
undertaking of the construction by Galleria Towers, of a multi-story
residential, commercial, and office building on portions of the air
rights on premises situated in the Downtown Development District
commonly known as Block "7A" ;
.
WHEREAS, as a prerequisite to the actual commencement of the
above noted improvements, it is necessary that Galleria Towers, a
Minnesota partnership with general partners of Ted Glasrud Associates,
Inc. and Sherman Investments, Inc. , assumes the contractural obliga-
tions of Fountain Development, as provided in the Fourth Amendatory
Agreement and to which the City is a party; and
WHEREAS, the City has been requested to give its final approval
to the project, by ente�ing into an Assumption Agreement and Fifth
Amendatory Development Agreement.
NOW THEREFORE BE IT RESOLVED, that the City Council of the City
of Saint Paul hereby authorizes and directs the proper City officers
to execute on behalf of the City of Saint Paul the above mentioned
Assumption Agreement and Fifth Amendatory Deeelopment Agreement in
a form and manner approved by the City Attorney.
COUNCILMEN
Yeas Nays Requested by Department of:
�� McMahon � �n Favor
�Ie�..
Hunt ��-�/ �Y
Levine _ '�✓ __ Against -
Maddox
Showalter
Tedesco Form Approved by City Attorney
Adopted by Council: Date �nv � 5 1979 _
Certified a. � by Counc� , cr ^ '�+�
By
Appr e by ;1�lavoc t NOV 1 9 ���9 Approved by Mayor for Submission to Council
By BY
4
�o$��sH�� ,�a�� 2 4 197�
��...�����mi�rp; .�1,j$"'��" �r h�,1�
_�°`'��*• �.��1, � ,, ��3,,,_� CITY OF SAINT PAUL
_',�.r � ;�,,,,
'; � �_, OFFICE OF THE CITY ATTORNEY
=,.r iii'iiii°i ��
< . „� EDWARD P. STARR, CITY ATTORNEY
,. ,,,. ' 647 City Hall,Saint Paul,Minnesota 55102
��,..,,•:,.,.��'��.
612-298-5121
GEORGE LATIMER
MAYOR
November 14, 1979
A1 Olson
City Clerk's Office
Third Floor City Hall
Building
Re: Galleria Towers
Dear A1:
If at all possible could you please have this Resolution placed
on the Council's agenda for this Thursday (11-1�'i-79) . This develop-
ment is moving forward and it is therefore essential tha t city
authorization be properly delegated immediately.
If you have any questions or require anything else of ine, please
so advise.
Very truly yours,
I
�
WALTER . BOWSER
Assistant City Attorney
WAB:rl �
Enc.
CC: Richard H. Zehring
O