273322 wMiTe - cirr c� COUIICII �����,�
PINK - - FINAN � TF' �T �
CANARV - DEPA TMENT G I Y OF SA I NT 1 A ll� L
BI.UE - MAV R File NO•
�.�At� � un ' Resolution
Presented By �
Referred o Committee: Date
Out of Committee By Date
RESOLUTION AUTIiORIZING REPAYMENT OF INTERIM
EXPENDITURES FOR PROJECT COSTS FOR PURCHASE
AND PREPARATION OF PARCEL 21-1, DISTRICT 17,
HARKINS BOWLING ALLEY
WHEREAS, the Board of Commissioners of the Housing and Rede-
velopment Authority of the City of Saint Paul, Minnesota (HR�,
on July 11, 1979, authorized its purchase of the Harkins Bowling
Alley property, 67 East Eighth Street, from Sumanit National Bank
for the sum of $325 ,000 , and further authorized additional
expenditures for demolition, site preparation, appraisals and
closing expenses, for a total of approximately $393,000 expenditure
thereunder; and
WHEREAS, interim funding for the project was provided by said
HRA Board from its Tax Levy Fund, which funding may be repaid,
subjec� .to the approval of this Council, from UDAG construction
loan funds from the Brown and Bigelow project, which funds are
expected to be available for this purpose on or after October 1, 1979.
NOW THEREFORE, BE IT RESOLVED that expendittzres made by the HRA
for the purchase, demolition, site preparation and such other
activities as are necessary preliminary to redevelopment of Parcel
21-1, District 17, 67 East Eighth Street, which will be provided on
an interim basis from HRA tax levy funds , shall be repaid on or
after October 1, 1979 out of funds available to the City of Saint Paul
from the UDAG construction loan from the Bro�n and Bigelow project.
COUNC[LMEN Requested by Department of:
Yeas �r Nays ,( Planning and Economic Development
Hozza
��� In Favor
Hunt
Levine � __ Against BY , ��� — —
Maddox
Showalte
Te o JUL i 2 1979 Form by Cit Attorne
Adopte y Council: Date , � ,
Ce ified Pass y Council Secret�y B
l�ppro by Mavor. wt a l,' tp� Approved by Mayor far Sub ' ion to Council
By — By
��� �v�. 21 ±a79