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270480 WHITE - CITV CLERK COURCII r ]¢,'�� PINK - FINANCE GITY OF SAINT PAUL ������'�J CANARV - DEPARTMENT � BLUE - MAVOR File NO. H�-L�E�� uncil Resolution Presented By Referred To Committee: Date Out of Committee By Date RESOLUTIO�1 OF THE COUNCIL OF THE CITY OF SAINT PAUL, MINNESOTA APPROVING AND AUTHORIZING THE FILING OF AN APPLICATION FOR AN URBAN DEVELOPMENT ACTION GRANT FOR SEVENTH PLACE PROJECT WHEREAS, St. Paul is eligible for grant assistance under the Urban Development Action Grant Program (UDAG) of the Community -- Develop�nent ��ct of 1977; and WHEREAS, the Seventh Place Project has been reviewed and approved by the Planning Commission and Housing and Rede�elopment Authority; and WHEREAS, said Project has been approved by the City Council, and there has been submitted to and considered by the Counci�' an application on behalf of the City for an Urban Development Action Grant to assist in the provision of the Galleria and related public improvements as a part of the Seventh Place Project; and WHEREAS, the required public hearings upon said application have been held. NOW THEREFORE, BE IT RESOLVED that the Council of the City of Saint Paul does hereby approve the filing of the Application for an Urban Development Action Grant for the Seventh Place Project, and the project and activities therein proposed, and be it COUNCILMEN Yeas Na}�s Requested by Department of: Butler In Favor Hozza Hunt �, �� Levine __ A ainst BY`��C/��' Ga�� Roedler g Sylvester .t Tedesco Form Approved by City Attorney/ Adopted by Council: Date � /� Certified Passed by Council Secretary BY �`����L � B I `/, ; Approved by IVlayor: Date _ Approved by Mayor for Submission to Council By BY \NHITE - CITV CLERK COUISCIl PINK - FINANCE CANARV - DEPARTMENT GITY OF SAINT PALTL �,�,.���'��'� B L U E - M A V O R� F I l e N O. �� ` Council Resolution Presented By Referred To Committee: Date Out of Committee By Date -2- FURTHER RESOLVED that Mayor George Latimer, as Chief Executive Officer of the City, is hereby authorized and directed to submit said Urban Development Action Grant Application to the Department of Housing and Urban Development in such form as prescribed by the regulations of said Department, and be it FINALLY RESOLVED that the City Attorney is hereby authorized and directed to provide the Depa�#�nent of Housing and Urban Develop- ment with such Assurances and Certifi�cations as may be required in connection with the Application. , <� COUNC[LMEN Yeas Na}�s Requested by Department of: �� � Hozza [n Favor Hunt Qj �� Levine __ Against BY — ' C��� Roedler Sylvester Tedesc _ Adopted Counci Date — �!N 3 � �9?8 Form Approved by City�orney Cer ied Pa- by C ncil Se�etar BY • JAN 31 197$ App oved by or for ubmis 'on to Council Approve Mavor: Da � By — BY PUBLISHEt� F EB �- ri��� f� !'��•�'�� . .. �ITY op CITY OF SAINT PAUL �°� '- DEPARTMENT OF PLANNING AND ECONOMIC DEVELOPMENT � � , - ., � '::�:�. 9 �� ' �� DIVISION OF COMMUNITY DEVELOPMENT �,� 25 West Fourth Street,Saint Paul,Minnesota,55102 612-298-5586 George Latimer Mayor MEMORANDUM To: Interested Citizens From: Cor�nunity Development Division Date: January 30, �978 Re: Urban Development Action Grants (UDAG)--a New Federal Program to Assist our Neighborhoods The Urban Development Action Grant (UDAG) Program is a cornerstone of President Carter' s initiatives in the 1977 Housing and Community Development Act, carrying into action his commitments to our Nation's cities to encourage a public and private urban reinvestment process. "Action Grants" will assist severely distressed cities and severely distressed urban counties in revitalizing stagnating local economies and reclaiming deteriorated neighborhoods. The program will seek targets of opportunity through which qualifying communities can stimulate new, increased private investments. The financial commitment from the private sector must be secured by communities before Action Grant projects can be started. These projects should generally take no more than four years to complete. Urban Development Action Grants, authorized by Section 119 of Title I of the Housing and Community Development Act of 1977, have been appropriated $400 million for Fiscal Year 1978. At least 25 percent of Action Grant funds will be set aside for small communities with populations under 50,000. The Community Development Block Grant (CDBG) Program is well suited to provide communities with a basic level of assured, ongoing financial support for basic community and economic development functions and activities. Action Grants, HUD' s new discretionary program, is a greatly needed strategic, flexible, and complementary tool through which HUD can: -- respond to unique opportunities while they are current; -- provide "front-end" funding that allows communities to capture and leverage significant private investments; and, -- make substantial resources available when needed to join other Federal Departments in coordinated efforts to meet the urban reinvestment needs of the most distressed of our Nation's communities. Action Grant funds will be available to carry out projects in support of a wide variety of economic revitalization or neighborhood reclamation activities which involve partnerships with the private sector. These projects may include such activities as land clearance, site improvements, provision of infrastructure, rehabilitation, construction of public, commercial , industrial , and residential structures, and the provision of financial participation in the form of equity funding, loans, loan -2- guarantees, lease guarantees, or other appropriate arrangements for joint public- private development. Priority will be given to those proposals where the community will be in a position to recapture and recycle its financial participation for other economic development activities. Used as a catalyst to private investment, Action Grant funding can address a wide range of problems and opportunities, such as: -- a major employer announces its intention of leaving the community, but will stay if the community can provide land for expansion; -- a distressed cor�nunity can get commitments for new housing construction if it can demolish abandoned structures, provide open space, lessen density, and upgrade infrastructures; -- major organizations promise to continue their growth in employment if the community can improve neighborhoods proximate to work for lower-income employees; -- financial institutions will commit mortgage availability if the distressed community can stabilize and improve blighted or declining residential and commercial areas; -- an opportunity arises to convert underutilized land or structures to more productive use; -- a developer is ready to undertake a major commercial , residentiai or mixed use development if the community will provide additional public facilities and services; and -- there is an opportunity to develop air rights over public utilities or transit facilities. Proposals should reflect discrete projects for which plans are already complete and which have substantial participation from the private sector. Funding will not be available for purely "speculative" ventures or for project planning and application development. FOR MORE INFORMATION CONTACT THE COMMUNITY DEVELOPMENT DIVISION AT 612-298-5586