Loading...
273723 M�H�TE - C�TV CLERK C011flC11 2��►� 3 e�..:� M VORE GITY OF SAINT PAUL File NO. CANARV - DEPARTMENT � ��At�y�� .J� Council Resolution Presented By (�� / � Referred To Committee: Date Out of Committee By Date PRELIMINARY RESOLUTION APPROVING A HOUSING DEVELOPMENT PROJECT FOR REHABILITATION OF THE CARDOZO WAREHOUSE BUILDING UNDER CHAPTER 260 , LAWS OF MINNESOTA FOR 1975, AND MINNESOTA STATUTES, CHAPTER 462, AND CITY OF SAINT PAUL ORDiNANCES NOS. 15975 and 16504, OR CHAPTER 462C, AND AUTHORIZING A PRELIMINARY AGREEMENT FOR THE ISSUANCE OF REVENUE BONDS WHEREAS, the City desires to encourage the development of new ' housing units , especially in the downtovan area; and WHEREAS, the Manillo Companies has proposed to convert the Cardozo Warehouse into 80 renta.l housing units; and WHEREAS, the Department of Planning and Economi.c Development has proposed that the City assist in this development through the issuance of revenue bonds pursuant to Chapter 260, Laws of Minnesota for 1975 (the "Act") , Minnesota Statutes, Chapter 462A ("Chapter 462A") , City of Saint Paul Ordinances Nos. 15975 and 16504 (collectively, the "Ordinances") , or Chapter 462C ("Chapter 462C") , Minnesota Statutes. NOW THEREFORE, BE IT RESOLVED by the Council of the Cit� of Saint Paul as follows: a. The Department of Planning and Economic Development, in consultation with the City's fis��].consultant, Springsted Incorpo�ated, and in consultation with bond counsel, is authorized to develop a specific financing plan for this project. b. The City Attorney is authorized to prepare a Preliminary Agreement for issuance of the housing development bonds and to retain bond counsel. COUNGLMEN Requested by Department of: Yeas Nays Butler Hozza In Favor Hunt G� Levine _ __ Against BY Maddox Showalter Tedesco Form Approved by City Attorne Adopted by Council: Date , / ��r Certified Passed by Council Secretary BY B� �lpproved by :Vlavor. Date _ Appr d by Meyor foc S b i to�ouncil By — BY WHITE - C�TV CLERK COUflC1I ����J� PINK - FINANCE CITY OF SAINT PALTL CANARV - DEPARTMENT �� � �d BL.ILE �.MAVOR File NO. �o�ncil Resolution Presented By Referred To Committee: Date Out of Committee By Date 2. c. Al1 indentures , agreements, bond purchase agreements or contracts of purchase, and other documents in connection with the financing of such revenue bonds shall be submitted to the City Council for approval prior to the issuance of such revenue bonds. � COUNC[LMEN Requested by Department of: Yeas Nays � �8� McMahon [n Favor ddazzz. Hunt Levine � __ Against BY Maddox Showalter SEP � g 1979 Tedesco Form Approved by C"ity Attorne Adopted by Council: Date v Certifie a5- d b Co � Se ary By sy � Appr by Mavor. at �P 2+ App v by Mayor for m' ion,,to Council By — By �SHED S E P 2 9 1979 . ..:�_;� ��1- �,-,r -, �_, r�z ,� -^� �3 �.L _.c �.,� ,.=�.�1.I:� �_ _�. ��zT_+� i f� • � �_:� � ��`,-- =;;" .`;�� o�:��:���.�:,��. o:_� -z��:c:r�: c.�t�r c.����.�:r.s � �.3 ,� t;� � < < ;���' ;; ���� f� .; - � .:�, . -;�.`• � �� - � 1.;:, �t.,�� i��' Da t e - September 5, 1979 . .,_ �� . � � ��ri �,�i ���y_� � �' �i i � � '��"i 4i � O . �oin� �'ctui Ci�� Co�neii - . �i: �7 �1�J = C 0;�'!iij i'�!�� t)i I FINANCE, MANAGEMENT AND PERSONIVEL RUBY HUNT ; chairnan, mG�,''s-c.s fihe �ottc.•rinc� � re port o n C. F. � Ordinc�nce - ��) Q Resot�'rion - �� � • �} O�h2r - l !] L� ' _ - , .The Finance Committe�y at its meet�ing of September 5, 1979 recommended approval of the preparation of a resolution granting retention of bond counsel for the _ purchase and rehab of the Cardozo warehouse building. (Resolution to be prepared). � �,�- .:�.Q �,,�-v �!Q.� . � - . � � . - � -. �, se���:;�-r�� ��z.co,: s:�i�r r��.�.r_, �zT_���s�:e.� ss�L, t ,Y? . p ... �,xkY y�, ��'�„�k�y��t a � '`+w"z�c '�'a '-r' -"C''f c,� ' " : x"^'�"3E,� "T "� *��;.,. � � r �k�`�` �, � . r ? . r��s' �x�*�'S�.1t x � ,r�,.� f. . R�r .; 'ta.u��v F �aXi,�1 ,�wrr�r' *�Cy i7�,., '�n"�abM ._.. �4 - a. a_ fir -^� a� x`eo �r.'S �, �,r „y , � a:,, a � �'��. r �€��� w�- �r r- n .,�"„ ���"r ,�� v g;w �t �� � y� `�"."".'��� r ,�, � : b, a �t � ♦ �+5�M'h. � x K � ,� ��- s a � 4 t �� i a X � '�� , �'r s ,r '� . a r "�+�a�'?fi �4^'i�, x�ffi F���xa � a '�'�.i � .�'�sy�'"''� rPYI" ,�4 ���':.R T� '�, r�'���� � f t a,,r4,,. ��`� xt '�' � �•* �4w��y'-'+-S��,'���`'7��� ��'� '' "t�''� Yd.�' '�,q av' s�a . ; ; 4�, ,���,�. �j,. �g � t* x,�+$ F ����4�5.��'R hF�� s}y'rt������� �4`'', t'� � �+� �ia ? � � �z� ��� . . �� � : �� �s;i r ��fi�,�pj'r� .�,d�"�"e S�r'i�4a:r'�'�'Y r','..`w�y,�&q�t'��'' fi f��k' �3" :� r�1"�,' n a.�-�*��;,�, r4�-+, �.�a i . kh�,��, '�n5n X :%i 7� ��'� . � fc.r .� KK� u. ,.� 'Y�3'Y">ytk . �Y'v �� .3�y �' � EF ' I I I I��. � 9 p . �• ,. �y � �2i t 2. i :F '�,� "��.' SA r s . ,} � '� Y } 'N �s' ? " X '3 ,�' iy��„' �.��a�.3��.9 ��a c.ro y�,� .'��'t4g`� 3,p,��� �_. � k�,�„�,��nc �. ���,�z,`a,s�,ir'��„'��y . � � �r�, ��� �r � �,ra�Y ���' ��"� �����-w�� `�w sw; ��''`�� k� r�', >��m,F _`� a+� �? `� r,�y,r". J 3,}�r�Yj r f k,... � t � r n �e`W '.� i � '��+' s � '` �`� ,�`' � r��,�+ t > w 3 " -�.�-'"s x �� t s ;y v '�``�+� �` � ° .y�;� ���# i�$ � � _ ;fi� � y,�p.�j� �� � �. �. r� �' ,, ,: , '�� � .� �.•7t ,�i � -� 3.�. " l .� X�f.,$ n x�w!� " ' 3.�. . �" �..} �r'?Aw;t" �`.'.YT�'C. ,��w ���� 's�k��,y„�" �a }�r�s'f-'t' 3 � ��'�r i� .tr ,r-� f +�i.a �.. c � ,� � ��: � .� ,�ta,a� r F'�k}�e��+ ?�µsav � �5.� �� ��`""-��°X'� ��+,y ..# `n i�"� � ��'�{,n r �a G4„rttr:s`� :f Y' � .. � .f! � r � ,G ',; r�a`�... t ,[-+rt��i r,. . ,,;�4 ,yE ����," �x� .1t�t�+t��YE �.;�f r �4�rj;�,�y i :� >� {'pF,. �y�sr`�'k,�4�R � .,X� zgF ��iN� ..y�^ . �w 6S.y�, �tP+��'; '��� ',�Y .:tr'�, ak � `:r �-.. �'`+ �3 ���,*� ,�- 4 �i:� t,. '7. '�t "� ��; �d .� e� e -+ � :d x, '+ '�� :. .a,}q ' �fi �14 , $ , � 4'Gq� l � ^� �L ' z � �., '*1 �'Y�,'�+} '"� �y���y��,+� �.. _ r s{I ..'T.� .���06 �Y f � � �,d �7�f'V E' `� �� � .'?i�i �4 X'i3C C � 'y Y a � rr.4�' 1�"�.+,�r _��� F- �, r�,�� y�n . '�"',. - �. ,�r. �`,: tL ��,�,,;�,,, - " �i ..�... � E't�.;. ;� i .+ ��s.y „ k.� ' ,F€.- ,. . r`YJ'.,_s.. � '";, a �" . -ri� , '+^.., ., �� ��� .. s*s'�ps�4�+� ;ter'!° r aJ.� �n° ��. ia � �'? ;- 7se +W� _ ,,�, A 4 ,rc`,t.. -n °� . r+��J^ ,c,` ,r �.�� _ - _- � f��'. ���� � � ��"�-. '� z '" y-��r� �.. � ,�` � , t� ��,��: . '"�f�� �. . �'. ss2 a .�.JT ,�Y" Y • Ac�z j�+. ,� y"�iF r," =1 � ! ��I �ii������� � �'y�,.1� :rr ''� �,t'�r� ��4t �'� � ' � �°�m":c4' �+:�,� .�I �I � v.� �L 6 M1 d � T. 7 � P�'- ;�Y �il �3., �� ' �Y�asl« °f` a. �� � @ �a. `'�,��' � Y � A K� Ps,���,, § ..t�� .��l/+v°'�?�}:... �':....� `'4 Z'... �. #i�i s r.�� '^'!��' . 9�,,�� -�by f n i� 'j ` � � s �'"� w���., � �,�r�� � -a�'". r c�� �x�� ' , �� � � � ��;� .� �' �,��., . ,� ,� .,y. � ��.a . �. . 1 �c� - .ti� �+1:1�,4� t i:ti. t ;��.� ���xt '�'� �:,ht � �4 � f ' �,�.: � � +��k ��N� '�' .�C''� t�'} e�-i�" Fr° '�a' s a n�$. � � � � � ,.. a�� � „w. `.•"7 �� �i�� ^A�.� Fr e� . Y� 'i7� ,td*� 7,. F, � ;, � k ti � �`,� � �a�"� � s � , pC�`r r .:� r, .,y !�-� �r€ i�fi"� x}�- ?� ,• tJ� � . ' F�� ';�:��5�� R N *K�� 1' i � T '�r;.F"� kt �:a � ?, � - �Y��°=a��,; x � � w5 � ��"s�,��'tu%�;�X. Sr+ �� ..;r '� �'. t FtiC1'� � c � . '�°h �..°�'�,�;a '*S � ,e "'4- Sx•c. fi .W� _.� r � . � '` ��*'t. :�v� 4A r4.. F",{`-�' 9. "f� +,.�, �`i.a; �' �` ��� �4 �K �'.c�s'r.".�..���� ;t �x .. a c: a r �.a' � �p:.: e� �1.- ! F:.. �x -�'j . +.n�# �t�r3 '*+��� a. . y.�t'.c-r .. � ��'� �S' ..�: �s � '�t+ i � � �,..5°� �� ,,r''ti`�r'�.�r g :� t ;�4�'.�,*"e t 4 >4,a�r:yN��� Y x � � �w J � s1�� �,... `...�'����t ,"�e l�i�`St{ 1 �r 'a .J�.. � � � f �t ia'`�'"n { 7:"l. :. r+ t ' �"�, � .,�",a i � �. `j' :n' �.'t'' �4� "�f �,*r �� x �t . .� �+�a. s;� �. .�, +�"',cF i. .} r�;',` �. a t a .� hd: _ ,n . y, " ` '�D` . �` z /- � a��#� .�tc� �=,5 ' � •� �.�q �"£,s.<'� �.. x�''a° ° �' �. �k� '".� �� *.�rs.��.'. �i� �q..RC�. ~ � .; t �N�y'�,l:�s..i 3�°i + v �3s �Y 1 'k�'°q t ,°aiz � �" i � � i � � � a _, m•�,p�""r . 't% � �n� `"$`r(t^ "x �r �Y 1. c 1r r�� r�_y,�' �r�� � Y �u c CC .,�. < �3 r'F 1 �1 .� ��€+ µ' � y�i S'i '� i �. ti *'*e�� �M��yy��i$.��.u5"T�. yE�'S t ,'� Nr �`� . �'' kt�"s rsc titi �y ,y' sj,� x� {�! s y 3v n t�a s,� # r � M..,;a "e�6• '� ' Y, �r a �, ."�;'+e + -x.n- � ��a ��;�; �' ��r� 4.� ?'� k�a, R�� i '� � .{: } � _{� � � • �'�,"".t7£•E�. '�+�`��� fi'���'S.:�.�° � �:,`'1�,'R�,e}'�.�a� i�, ��, "'�t� �.a i .�}, i�g'� .�5�,�� "'�+e'� _ ' '* tia��., f+' . �r'�:fr s" yFt �+' t'"�Y �''`u�`''� "4,�'� r �' f; � �� � � � 4 S�!�t'.� i.. i�txt�°?� ,��'�i�.v s .. J'�` .+ *.� �: h,. - �'x � : �` ..�i ��. a...n�.,��' y�w'� nr�: '� � � , � C� 4 'il s� y?§ +S 'F y2.(y u �^w'�`q�...� � � s�'. _. �y.��y'�` '�.� � ,`94��#a $�S�x�����y��`�,� ..F'..-�_"��,� t z �7�`'''- ,'� �- P'' ` �s.� '� �s� f �'��� �,�T' �e�'� '� �,s�,F t'��a3�� f .� � 4�� i � k3 �� ;.. �>. �'�;'S ` � F �. �+:` �, � .���, p� �_ t ;¢,"#.� J. �k `l"�.:,. b sr �# 4 � '� a.�?�'�y��tr� . ,��� °u' a'S�#. ` A {�'� i � k.k.� � ���, . '� S'`' ��"`-��tt<". v��`�" -t� x,r�3�Y �.c�'a �r`R,w t�+ei,��.' � .Y t � a� ..���' ��` ,e's'.� i� ��' Fi ���v�, �„. x {�� � �L� � �_ ° �� _ �� +� ' °����`.�� � t +�-�• °v�.'„ � � '- � � � � �_xr�§�•., .r"r- �"� .r*�":. a . ... , �. .� w:. .. �T���� �'h�+�. •.�. : +��yt. , d:: .v �..�._ ,., .!�.� ,��*# ',,1� . �,�s���(�,�� `�� y,. .,��-.- � .�,+. "`:u �� � },� t,��� < �y'�.��1�: ,,3.`.� i K'� '4:... ,�;'�{£ �' �a..>�`s-� r���t. «� ��t"` � � ��,�� � � ,,� r� z�� ��� t '�" �d: ;�, ��,� �'�,�: f��"{3 �' '� '�'w� � r:64 �� �.� s�, a ro s���' '�+..�� :�',+�'+�'�y �' � ; ! . t- °e . ' �� ��f •` � t,� ��, i��,� ,� �,s r � �'' p ,' k£ �7� S'rd.� u^y, `!f� y. A� � t-f,�,�q.v,� ,�, �. S�: �¢ }��� -n &.���,y���������:SS3 '�'.°�;,: x;�" ba+7,�, �< ° .: ,�_ •a,.. •a�3'"��**'3iy y � �� 'x n�y+� � ^ '. .*':t' '� ; �Ltt����� '' .A {j'�r: F�'`�"k �� s �� '��' �'�$�y�. � "'""K�� � '� ,#,xk :'y�, a,�`�4v �E3 •�w ��� ,��,f} u,�� S�'�G �-qn ��Fk�'y �4" *s t .e. �,, � t� � � �y F �� :. 'i y,� ���� � y�: .'�: ��- � s �� � ':r _ r:���-� .�„ - �.. ,� � ��{�• R. �ti' . �w�p, r . �..,� ��.. �'k'�"..,.�. �':i y � Ya ,'"'s. �r :f�'.. �?x. +S: _ . ..r a. ` . Pr,�3w,�a+� - ' .^7,}'S�� '�'i`�, 1 �r.. �i�s';�i. ?.� �z�" •.. • � � � ,��,' r �. , ., . . � � r�„ � �. �`'�i ' -�,. :ti, . ;� � �',�i�w,, � *�,1 h • „; �'c • � C ;, �� t<�,�a �W ��.� �,� � �. � � n�-,z:r i } �'. ,. .�'- � 'h ,'Y�,<E i� ���aa�,i:. cr �"'L an�^ � x a;. �a""�ri' r ��"A- s�. r> a-. �aR _r,. ,vi�..,vd' *. � � --{# �` �§ �":� F .y{1f.. ..x. ,+n t � . ..'�� ..� �;. .. - ti• � .;� #. � 4-�} F ` >, ,��f���i / ;�� �',� '�'" �: � � � . . � §� . '' ; '�st�«x s .¢,� �' .;s� �y,1'� <�,# 'd:a.r "' .� � � s, y, %.A L'�r. �, "�� �s�"t . "� '�� �.;�'��� :-a I`�'��'u�`''° '��'�h�,�'� �q �. .�k� �� ,';��i „s'�, •,'�; '!� �?-R � - k 4 �.4 �'x` 9 E .ls f, t.. y� R`� - � � ^��Y't X ���`Rl �� ?��� � ,,^ 1 .J } r x : , � . x .. . �m e � �,� }� �' . � ��Tk��r �' 's,�•` r"�� � �`�` _:iu x` `^"�: �,, ��,�.. �� �'� *�, ,�d� ? . � : ���� ., ., . .' ��"`�«`#._,. :. �,��tar'�i��x,"��x ;` .. ",���, � "�E'�' . � �...�'i:.'�.. _ xh,'.''�.,.. e�Sw .._ , . .,.*. x ' _ :� . .; . ._ . .._ '::.. .k . ... 7 _ _