96-1443 Council File # � G ��y�3
Green Sheet# 35875
r S�LV 1��N ��
TY F S IN AUL, MINNESOTA
Presented By:
Referred To: t � Committee: Date
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s WHEREAS, state laws(Laws 1986, Chapter 462, sec.31)and the City Charter Chapter 25.08) require that the
a revenues collected from the additional 3%hotel/motel tax be used to fund a convention bureau to market and
5 promote the city as a tourist or convention center; and
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s WHEREAS,the city desires to enter into an agreement with the Saint Paul Convention and Visitor Bureau as the
s convention bureau required by law and charter; and
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�z WHEREAS, a contract (attached)has been agreed to for 1997 between the city and the bureau;
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�s NOW THEREFORE BE IT RESOLVED,that the Clty Council approves the 1997 contract between
» the Clty and the Saint Paul Convention and Visitors Bureau.
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r.� n� a�.M Requested by Department of:
Blakey
so:ero,� Budget Office
Ouerin
H�►.rs By: Joe Reid
1Nepard
Rettnwn
m„►►e Appr Recommended by Budget Director:
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Adopted by Council: Date Q�\T�q (e
Form Ap d by Cit ttorn y�
Adoption Certified by Council Secretary: ,
�(\ By:
By� \ \ �� � � �rr--�enis.�_ `
/ Approved by Mayor for Submi ion to Council:
Approved by Mayor: Date /Z� �J `�
By:
By: s�r.we�aanomo��:tu�rnom,.�e�4�.vnu� ��na�e
� �„� � 9 G�iyy,�
sa�coe� 11-2ase GREEN SHEET No. 35875
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Ja Reid 266-8543 ,�„�,,..a, �i c�rr sn�an+sr [� extv ca�x
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TO'FAL 1�O�'SIGNATURE PAGBS (CLiP ALL LOCATI4N5 FOR SIGNATURE)
�e�es+'�
Approv�e 1997 oonhact with City and Convention and Visitors Bureau to spend HoteVMotel tax c+eceipts.
��Tto���ypem�.tN er�e W PERSONAL SBRYIGE CONTRACTS M[JST i4NSVVER Tt��(N.LOWING QU8$TIONS:
�a� cava.aertvx;s�uox 1.Ha�this pasonlrsm evarwot)ced mda�s contesc�16r tlrie dapar�?
cs oo�sQrne _ YES ND
_�st� _ 2.Hss th�penou�rm ever been a�ity ampto�yee?
psnncroouar ._ YES NU
xfipotra w�ncs�ootnx�.as�acrivsr 3.Doos this p�ir�powees s ddlt sot ao�ath'Po�ed bl'mp a�t cttY o�loyee?
YES 1Q0
(Bz ab aN a�awers on sheet and�ttad�to al�f.)
�enstntn+a wlps�t n�n[aPpaa7veqrY(vra w�r.wnr�.wiK..aeqrk
State laws allowin�the additional 3'No aales tax(Laws of 1986,Chapter 462,Sec.31)requires that"95�.of t�re revenues generated by this tax shsll
be nsed to fimd a ca��ntion bureau to merket end pmmote the city as a tourist or conveation ceata."
Chapter 25.08 of the City Charter has similar language.
The City ahoutd have e coatract to reflect both the 1aw,the chaRer and city policy. �:,
�►nvNrr�s��rr�eov� .
The city can pay the proceeds of the hoteUmoUel tax as dirxtsd by state laws and City Charter w the CVB.
DISADYAMMH3�APPROV�:
x�. Counc� i�s�nrc� Cenfi�r
DEC 0 21996 �
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� DtBADYANT/W8S0/t�q'I'APPROV�: . . . .
The city would not be in compliance with state laws and city charter.
� TOYALAMOUNTOYTRANBACTION� +1�X�,�XXX COiT/R6V6NU6BUDCST6D(CiRfLBON� - ( Y6S ) lV0 �
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NNDlIYG 80URCL dJQ3O 1 l/0 ACTIVRY NUMBBR �
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MISSION AND GOALS
Saint Paul Convention and Visitors Bureau
Saint Paul Civic Center Authority
Revised June 28, 1996
Mission of the Saint Paul Convention and Visitors Bureau
The Saint Paul Convention and Visitors Bureau is the marketing organization to bring out-of-town
visitors to the greater Saint Paul area to strengthen the economy, generate revenue and create
employment. Its purpose is to market and sell the resources of the area for use by conventions and by
leisure travelers. As a non-profit organization, the Bureau works closely with its members to encourage
professionalism and partnership within the industry.
Mission of the Saint Paul Civic Center Authority
The Saint Paul Civic Center is a city-owned, multi-use facility organized under state law, which houses
conventions, single, multiple day and civic events. Its purpose is to serve, improve and enhance the
community of Saint Paul by attracting and keeping events which contribute to the economic, cultural,
educational and social health of Saint Paul. The Saint Paul Civic Center Authority is committed to
operating the facility in a fiscally responsible and cost effective manner.
Joint Mission
The shared mission of the Saint Paul Convention and Visitors Bureau and the Saint Paul Civic Center
Authority is to sell the Civic Center as a site for events and to service those events with the highest level
of professionalism in furtherance of the respective mission of each organization.
Shared Goals:
1. To research, draft and implement consistent, professional, industry-recognized policies and
procedures for selling, pricing, contracting, scheduling and hosting conventions and events at the
newly expanded Saint Paul Civic Center.
Strateg,y 1. To research policies, staffing and procedures used at other state-of-the art
convention centers and to visit centers for the purpose of collecting document samples, touring and
evaluating facilities and consulting with facility operation managers in order to learn from their
experience.
Action: Ad hoc Joint Powers Executive Committee, Executive Directors and key
staff will tour a minimum of three facilities. Bureau will coordinate.
Bud�t_$10,000 (airfare, lodging, meals, etc. Possible in-kind donations will offset
costs).
Deadline: October 1, 1996.
Strategy 2. To schedule a series of round table discussion sessions with state and national
meeting planners and local convention service contractors to review the proposed new Civic Center
policies and to seek feedback on any additional changes that may be needed.
Action: Two meetings held with a total of 10 professionals. Attended by Executive
Directors and key staff. Bureau will coordinate.
Budget: $350.
Deadline: September 15, 1996.
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Strategy 3. To finalize new contracts, pricing structures and policies for the Civic Center.
Action: Documents prepared and reviewed by Executive Directors and key staff
and presented for approval by ad hoc Joint Powers Executive Committee. Civic Center
will coordinate.
Bud�et: tbd.
Deadline: October 15, 1996.
2. To magimize the best possible use of alt facilities within the newly egpanded Civic Center and
to pursue events which will contribute positively to the economy of the City of Saint Paul and
which will generate revenue for the Civic Center.
Strategy 1. To finalize and implement a booking policy for the Civic Center.
Action: Bureau and Civic Center staff to finalize a proposed policy for
presentation/adoption by the ad hoc Joint Powers Executive Committee.
Bud�et: N/A.
Deadline: October 15, 1996.
Strategy 2. To develop an information system(e.g. booking calendar, e-mail, Internet) between
the Bureau and Civic Center and agree on the type of software programs that will provide the most
information and the best format for Bureau and Civic Center management.
Action: Staff to review existing information system and recommend changes to
Executive Directors.
Bud�et: tbd.
Deadline: October 15, 1996.
Strateg,y 3. To review e�cisting Bureau and Civic Center marketing plans and to prepare a 1997
plan for marketing the newly expanded Civic Center.
Action: Staff to prepare a 1997 plan for Civic Center marketing with specific
measurements, responsibilities and costs identified for presentation to Executive
Directors and ad hoc Joint Powers Executive Committee.
Bud�et: N/A.
Deadline: November 15, 1996.
Strategy 4. To form a joint planning committee in conjunction with the Civic Center Expansion
Committee responsible for planning the grand opening of the newly expanded Civic Center.
Action: Members of Authority and Bureau boards, industry representatives and
key staff to be appointed by marketing committees of Bureau and Authority and
Executive Directors.
Bud�et: N/A.
Deadline: August 15, 1996 (first committee meeting).
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3. To provide seamless delivery of services to events using the Civic Center and other resources
within the City.
Strategy 1. To set a plan for hiring and training convention service personnel with the goal of
providing seamless delivery of services to events using the Civic Center and other resources within the
city.
Action: Executive Directors review staffing plans used for Bureaus and
Convention Centers with similar sized facilities and determine staffing plan,job
descriptions, training schedule and budget.
Bud�et: tbd.
Deadline: October 30, 1996.
4. To establish systems for ongoing, formalized communication between the staffs and boards of
the Authority and the Bureau.
Strategy 1. To elect a representative of each board to serve as a non-voting member of the
other's board.
Action: Each board to elect a representative to serve on the other's board.
Bud�et: N/A.
Deadline: September 1, 1996.
Strategy 2. To continue monthly staff meetings of the Bureau and Civic Center for the purpose
of understanding each other's challenges, reviewing accounts, policies and procedures and tracking
progress on the goals and strategies stated herein.
Action: Monthly staff meetings held with minutes produced for Executive Directors' and
board Chairs' review.
Bud�et: N/A.
Deadline: ongoing.
Strategy 3. To co-locate the offices of the Bureau and Civic Center in space created in the
newly expanded Civic Center.
Action: Executive Directors to negotiate a lease agreement for approval by the
boards of the Bureau and the Authority.
Bud�et: Lease terms to be negotiated.
Deadline: Move to occur by mid-1998 as determined by construction schedule.
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5. To establish a six-person ad hoc Joint Powers Executive Committee consisting of the Chair
and one representative of both the Authority's and the Bureau's Board of Directors and the
Mayor and a member of the Saint Paul City Council to oversee implementation and
communication of the shared goals and strategies, to facilitate dispute resolution and to
investigate other possible ways of cooperation and reorganization. No one serving on the Joint
Powers Egecutive Committee shall serve concurrently on more than one of the participating
entities.
Strategy 1. To establish by the Chairs an ad hoc Joint Powers Executive Committee and
present resolutions for adoption by the Bureau's and the Authority's boards.
Action: The Authority and Bureau boards to elect a representative each, to invite the
Mayor and Council participation and to schedule meetings on a regular basis.
Bu�: N/A.
Deadline: First meeting to be held by September 15, 1996.
Strateg,y 2. To communicate with City leaders, Saint Paul area organizations, the Bureau
membership, convention, event and local media regarding the shared goals and ad hoc Joint Powers
Executive Committee.
Action: Board Chairs and Executive Directors to determine communication plan and
implementation schedule.
Bud�et: N/A.
Deadline: August 1, 1996.
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AGREEMENT
for 1997
by and between
CITY OF SAINT PAUL
and
SAINT PAUL CONVENTION AND VISITORS BUREAU
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AGREEMENT
This Agreement, made as of the day of , 19� by and
between the City of Saint Paul, a municipal corporation of the State of Minnesota
("City"), and the Saint Paul Convention and V'isitors Bweau, a 1Vlinnesota nonprofit
corporation("Bweau").
WHEREAS,the City has levied and is collecting a tax on hotel and motel usage
within the geogaphic boundaries of the City(the"Market Area"), a portion of
which is specified by state law for use by a convention and visitor bureau to
promote the market area as a convention and tourism destination, generating
hotel room stays, restaurant, entertainment and retail business and
accompanying revenues to benefit the City, and those persons and businesses
located in the Market Area;and
WHEREAS, the Bureau is organized to promote and market the Market Area
and the convention and hospitality facilities situated therein as a towist and
convention center, including assisting in maximizing the use of the Civic Center
which is operated by the Saint Paul Civic Center Authority, an_.agency of the
City (the "Authorit}�') so as to benefit the City, and those persons and
businesses located in the Market Area;and
WHEREAS, the City desires to retain the services of Bureau to market and
promote the Market Area as a tourist and convention center and Bureau is
willing to do so subject to the terms and conditions as set forth in this
Agreement,
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NOW, TI-�REFORE, in consideration of the premises and the mutual
covenants, conditions and promises herein contained, the parties hereto agree as
follows:
ARTICLE I
1.1 This Agreement shall be for the term of one year and shall commence as of
the first day of January, 1997 and sha11 terminate December 3 l, 1997, unless
e�ended as provided in Section 1.3 below.
1.2 The City may ternunate or suspend, upon thirty(30) days written notice, or
such additional time as is mutually agreeable between both parties to allow
for the orderly transition of the Bureau's services to be furnished hereunder.
The Bureau shall be notified in writing by the City of the ternunation or
suspension of the Bureau's services, and thereupon such services on behalf
of the City shall be halted immediately. In the event of such termination or
suspension, the Bureau shall be entitled to reasonable compensation for a11
expenses theretofore incurred by the Bureau and documented, but limited to
those expenses which relate to services specifically authorized in accordance
with the terms of this Agreement prior to the date of ternunation or
suspension. In the event of ternvnation or suspension, copies of all finished
and unfinished documents prepared by the Bureau and compensated for
under this Agreement shall be forthwith delivered to and shall become the
property of the City. The City sha11 be fully and solely responsible for any
use the City or others make of these documents.
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1.3 On or before October 1, 1997, and each subsequent year if this Agreement
is renewed, the Bureau will initiate a request in writing to renew this
Ageement for a subsequent one-year term. The City will respond in writing
within 30 days if it is the City's intention not to renew the Agreement.
Otherwise, the Ageement will be renewed automatically for subsequent one
year terms. Failure on the part of the Bureau to provide the written request
will cause the Ageement to terminate.
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ARTICLE II
SCOPE OF SERVICES TO BE PROVIDED BY BUREAU
2.1 The Bureau shall submit to the City a conveirtion/tourism marketing
plan (the "Marketing Plan"), setting forth the scope of services to be
provided by the Bureau, and the manner in which the Bweau intends to
promote the use of the Civic Center and Market Area. The 1997
Marketing Plan will be submitted prior to January 1, 1997.
2.2 The parties contemplate that the services to be performed by the Bweau
will include,but shall not be limited to,the following activities:
a. The preparation and distribution of materials which present the
meeting, convention and trade show potential of the Civic
Center and the Market Area.
b. The prepazation and distribution of marketing materials which
promote hotels, restaurants, meeting facilities and other retail
businesses within the Market Area.
c. The preparation and distribution of marketing ma.terials which
promote the cultural and educational attractions within the
Market Area.
d. The provision of hospitality services for persons attending
meetings, conventions and trade shows at the Civic Center and
other facilities within the Market Area.
e. In association with major area attractions to collect and evaluate
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tourism reseazch.
2.3 The Bureau recognizes the investment of the City and the Authority in
the Civic Center and the importance of achieving maximum occupancy
in the Civic Center for meetings, conventions and trade shows.
Accordingly, the Bureau shall, as one of its primary objectives, solicit
meetings, conventions and trade shows that utilize the Civic Center.
2.4 The City recognizes that the Bureau will not be able to successfiilly
market and promote the Market Area and the Civic Center without the
Authority willing to partner with the Bureau and the City will use its
best e�orts to influence the Authority to parmer with the Bureau in the
following ways:
a. provide the Bureau on a timely basis with all pertinent
information regarding local and consumer events.
b. input on a priority basis, accurate, detailed, relevant information
into the Authority's booking software, linked to Bweau
soflware relating to the Civic Center so as to provide the
Bureau with access, including the nature of any booking dates
on hold(tentative, definite, second option, move in-out days).
c. provide the Bureau on a timely basis with appropriate, fully
updated marketing and operations collateral relating to the Civic
Center, including but not limited to:
(i) Technical specifications.
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(ri) Policy and procedure manuals.
(iri) Floor plans, photographs and slides.
(iv) Equipment inventories and price lists.
(v) Sample contracts.
(vi) Civic Center booking data -event days by type, revenue
generated etc.
(vii) Marketing materials, press releases, etc.
(viii) Union contracts.
(ix) Rate structures.
d. provide the Bureau with timely access to the Civic Center
facility for tows,familiarization trips, etc.
e. execute contracts on a timely basis.
f. respond in a timely manner to all requests from the Bureau, or
persons and organizations which have booked or have
expressed an interest in booking the Civic Center.
g. conduct its operations consistent with a world-class convention
and trade show facility and in accordance with the expectations
of persons and organizations which sponsor major conventions
and trade shows.
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ARTICLE III
COMPENSATION TO BUREAU
3.1 So as to provide funds to cany out the purposes of this Agreement, the
City shall pay to the Bweau a fee in the amount and in the manner and
at the times herein specified. It is expressly agrced and understood that
in no event shall the total amount for services rendered under this
Agreement exceed the fee amount stated herein.
The total fee paid to the Bureau for the term of this agreement will be
95%of the second 3%of the lodging tax collected plus 10%of the first
3%of the lodging tax collected by the City in the previous month.
3.2 Payments will be made monthly, on approximately the 15th da.y of the
month succeeding the due date of the hoteUmotel tax receipts from the
collecting hotels/motels. The Bureau may request an advance of funds
in writing subject to the Mayor of the City or his or her designee's
consent in writing.
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ARTICLE N
BOOKS.RECORDS AND REPORTS
4.1 The Bureau shall maintain its records and financial statemerns in
accordance with generally accepted accounting principles.
4.2 The Budget and records of the Bureau, including direct personnel and
consultant expenses pertaining to this Agreement shall be kept on a
generally recognized accounting basis and shall be made available for
inspection by the City within 14 days of the City's written request. The
Bweau's 1997 budget forecast will be submitted prior to January 1,
1997.
4.3 The Bweau shall maintain all records relating to its performance
hereunder, including supporting documentation, for a period of not less
than five(5)years.
4.4 No later than one hundred twenty(120)days after the end of each fiscal
year of the Bureau, the Bureau shall submit to the City an audited
financial statement of the Bweau for the fiscal year then ending prepared
by an independent certified public accountant, in accordance with
generally accepted auditing standazds.
4.5 The Bureau shall prepaze and submit to the City within thirty (30) days
following the end of each calendar quarter the following:
a. A list of all meetings and conventions booked by the Bweau in
the previous quarter and year to date including:
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(i) the name of the event;
(ii) the date of the event;
(ui) the facility booked for the event;
(iv) the anticipated attendance at event;
(v) the anticipated exhibit space(if any);
(vi) the anticipated expenditures by persons attending the
event;
(vii) and the anticipated lodging nceds.
b. A report on the approximate number of visitors attracted to the
City as a result of the meetings and converrtions booked by the
Bureau through the previous quarter and year-to-date.
c. A calendar list of future meetings, conventions and tradeshows
which are scheduled to occur within the Market Area and which
are known to the Bureau(including those booked by the Bureau
pursuant to this Agreement). Such list shall include the total
number of persons anticipated to be in attendance at such
meeting or convention.
d. A list of all industry meetings attended by Bureau employees
during such quarter in an attempt to induce organizations to
hold meetings, convenrions and tradeshows at sites within the
Mazket Area, and group tour operators to select the Market
Area.
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e. A list of all travel agents, tour brokers, travel writers, meeting,
conventioq and trade show pla.nners, and other promoters of
business and leisure travel hosted by the Bweau individually or
by means of familiarization trips during such quarter.
f. A list of all special promotions sponsored by the Bweau to
induce persons to select the Market Area as a site for meetings,
conventions,trade shows and group tours.
g. Such additional information and reports as reasonably requested
by the Mayor of the City or his or her designee(s).
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axTTC�v
MIsc�.�ous cov�varrrs
5.1 No member of the City Council of the City, or any officer or employee
of the City shall have any personal interest, direct or indirect, in any
contract made by the Bureau in performing the services hereunder.
5.2 The Bureau sha11, for the purpose of this Agreement, be deemed to be
an independent contractor, and not an employee of the City. Any and
all employees of the Bureau or other persons, while engaged in the
performance of any work or services required by the Bweau under this
Agreement, shall not be considered employees of the City, and any and
a11 claims that may or might arise under the Workers' Compensation Act
of Nfirinesota. on behalf of said employees while so engaged, and any
and all claims made by any third paxty as a consequence of any act or
omission on the part of the Bureau's employees, while so engaged on
any of the work or services to be rendered, sha11 in no way be the
obligation or responsibility of the City.
5.3 The Bureau warrants that it has not employed or retained any company
or persons, other than a bona fide employee working solely for the
Bweau, to solicit or secure this Agreement, and that it has not paid or
agreed to pay any company or person, other than a bona fide employee
working solely for the Bureau and attorneys for reviewing, drafting or
negotiatin� this Agreement, any fees, commission, percenta.ge,
brokerage fees, gifts or any other consideration, contingent on or
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resulting from the award or making of this Agreement. For breach or
violation of this warranty, the City shall have the right to annul this
Agreemern without liability, or at its discretion to deduct from the
contract price or consideration, or otherwise recover, the full amount of
such fees, commission, percentage,brokerage fee,gift or contingent fee.
5.4 The Bureau shall endeavor to comply with all applicable Federal, State
and local laws,together with a11 ordinances and regulations applicable to
the work, particularly Chapter 183 of the Saint Paul Legislative Code.
Bureau shall procure all licenses, pernuts, or other rights necessary for
the fulfillment of his obligation under this Agreement.
5.5. Except as provided herein, the Bureau shall not assign this Agreement
without the prior written approval of the City; provided however that
the Bweau may enter into such contracts as it may reasonably deem
appropriate or helpful to cany out and perform its obligations under this
Agreement.
5.6 This Agreement shall be subject to change, amendment or modification
only by the mutual written consent of both parties.
ARTICLE VI
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INDEMIVITY
6.1 The Bureau shall hold harmless, indemnify,protect and defend the City,
its o�cers, agents and employees from all suits, actions or claims of any
character brought for or on account of any injwies or damages received
by any person or property resulting from any error, omissions or
negligent act of the Bureau, its employees or agents in canying out the
terms of this Agreement.
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ARTICLE VII
TOWN SQUARE HOTEL ACCOUNT
7.1 To finance the re-opening and renovation of the hotel in Town Square
(the "Town Square Hotel"), the City, along with the Port Authority of
the City of Saint Paul (the"Port Authorit�'), Capital City Properties, a
nonprofit affiliate of the Port Authority and the Housing and
Redevelopment Authority of the City of Saint Paul, Minnesota (the
"HRA"), has entered into a Town Square Hotel Moral Obligation
Agreement (the "Moral Obligation Agreement") under which the City
has agreed to create a"Town Square Hotel Account"to be used, at the
City's sole discretion, to pay principal and interest due on the
$5,900,000 Hotel Facility Revenue Bonds (Radisson Inn Town Square
Project)(the Bonds"), and to be funded as follows:
1. By hoteUmotel tax revenues received by the City which are
dedicated to the general use of the City and which are
generated by(i)the re-opening of the Town Square Hotel;
and(ri)the Radisson Kellogg Hotel in excess of a base
amount;
2. By the portion of the hoteUmotel tax revenues received by
the City,which are dedicated to the funding of a convention
bureau for purposes of marketing and promoting the City as
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a tourist or convention center and which are generated by(i)
the re-opening of the Town Square Hotel; and(ri)the
Radisson Kellogg Hotel in excess of a base amount;and
3. By an annuallevy of$100,000 which the Port Authority has
agreed to request and the City has agreed to make under
Nfinn. Stat. 469.053, subd. 6.
7.2 The Bureau authorizes the City to retain and deposit in the Town
Square Hotel Account the portion of hoteUmotel tax revenues which are
generated from the reopened Town Square Hotel and to which the
Bureau is entitled under the terms of this agreement.
7.3 The Bureau authorizes the City to retain and deposit in the Town
Square Hotel Account the hoteUmotel tax revenues to which the Bureau
is ernitled under the tenns of this a�reement and which are generated
from the Radisson Kellogg Hotel and in excess of the amourns of the
hoteUmotel tax revenues received by the Bureau from the Radisson
Kellogg Hotel in 1994 or 1995, whichever is greater("Excess Radisson
Kellogg Hotel HoteUMotel Tax Revenues").
7.4 The Bweau authorizes the City to retain the hoteUmotel tax revenues as
specified in paragraphs (7.2) and (73)until the amount accumulated in
the Town Square Hotel Account equals three times the "maximum
annual debt service" as that term is defined in the Moral Obligation
Agreement.
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7.5 The City agrees to pay the Bureau, or its successor organization, the
Town Square Hotel HoteUMotel Tax Revenues and the Excess
Radisson Kellogg Hotel HoteUMotel Tax Revenues received by the City
following the accumulation of three times the maximum annual debt
service in the Town Square Hotel Account.
7.6 The parties agree that in the event a deficiency exists in the Town
Square Hotel Account because the City has used the funds for purposes
of paying debt service on the Bonds, then the City may, at its sole
discretion, require the Port Authority, the City, and the Bweau, or its
successor organization, to reinstitute their contributions to the Town
Square Hotel Account as provided in this Article and the Moral
Obligation Agreement until the amount in the Town Square Hotel
Account equals three times the maximum annual debt service. The
Bureau agrees that, upon receipt of notice from the City that such
cornributions have been reinsrituted, and provided that such
contributions are to be made on a pro rata basis, the City is authorized
to again retain the amounts described in paragraphs(7.2) and(7.3)until
the amount in the Town Square Hotel Account equals three times the
maximum annual debt service.
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7.7 The City agrees that upon ternunation of the Moral Obligation
Agreement, which is to occur on the earlier of 25 years or the
repayment of the Bonds, any amounts which the Bureau has authorized
the City to retain in the Town Square Hotel Account plus earnings and
which are not used to pay debt service on the Bonds, shall be paid by
the HRA to fund a convention bweau for the purpose of marketing and
promoting the City as a tourist or convention center destination.
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NOTICES AND CONSENTS
8.1 All notices, consents and other communica.tions under this Agreemern
shall be sufficiently given and shall be deemed given when delivered
personally or mailed by first-class mail, postage prepaid, with the
address as hereafter indicated. The City and Bureau may, by written
notice given to the other, designate any other address:
To/for the City: Mayor
City of Saint Pau1
Room 390, City Hall
15 West Kellogg Blvd.
Saint Paul,MN 55102
To/for the Bureau: Executive Director
Saint Paul Convention
and Visitors Bweau
102 Norwest Center
55 East Fifth Street
St. Paul,N1N 55101
IN WITNESS WHEREOF,the parties hereto have caused this Agreement to be
executed in their behalf respectively by their proper officers as of the day and
yeaz first above written.
SAINT PAUL CONVENTION CITY OF SAINT PAUL
&VISITORS BURE
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ts Chaiirnan Mayor
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Its Executive Director Director,Department
of Finance&Management Seivices
Ap ved To
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As istarrt City Attorney �
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