96-1332 S���"���`—� _ j � �a!7 � Council File#C��'� � 3� �
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R OLUTION
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AI PAUL, MINNESOTA ,3S
Presented by ��
Referred To Committee Date
1 A proposal to establish minimum requirements
2 to bring an NHL Franchise to Saint Paul
3 WHEREAS,the Saint Paul City Council and Mayor aze committed to an ongoing revitalization of the City
4 of Saint Paul, its neighborhoods and its downtown; and
5 WHEREAS,there exists a great deal of effort to attract a major league hockey team to Saint Paul; and
6 WHEREAS,a professional hockey team will bring a significant number of people downtown; and
7 WHEREAS,a fiscally prudent approach is required when negotiating the parameters of the City's support
8 for any NHL franchise to be located at the publicly owned Civic Center; and
9 WHEREAS, the cost of attracting and maintaining a major league professional sports franchise may be
10 significant; now
11 THEREFORE, BE IT RESOLVED, that the City of Saint Paul places the following parameters on
12 dealing with or negotiating the potential of bringing professional sports franchises to Saint Paul:
13 That the Mayor and City Council appoint a negotiating team to participate in discussions between the City,
14 business leaders, potential team owners and National Hockey League officials. Further, PED staff will
15 present biweekly updates to the Mayor and the City Council in writing,describing pertinent data, including
16 both capital and operating costs, financing methods, implementation schedules, and quantified benefits
17 justifying public participation in local funding.
18 AND BE IT FURTHER RESOLVED, that any public involvement will be limited to the financial
19 parameters listed here:
20 1. Any package to bring a professional hockey team to Saint Paul will be done with no financial risk
21 to the taxpayers of Saint Paul.
22 2. Any improvements to the Saint Paul Civic Center specifically for an NHL package must be financed
23 through revenues generated by the team,preferably in a revenue bond issue.
24 3. Any agreement with an NHL team must include:
1
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1 (a) a lease that guarantees payback in full by the team and its owners of all debt and other expenses
2 related to public improvements if the team breaks the lease for any reason; and
3 (b) a lease term equal in length to that of the secured bonds used to fmance any part of the package.
4 4. Since major league sports are of statewide importance, there must be a City and State partnership
5 to help fund building improvements. The partnership will be either in bonding or in any state
6 income tax revenues generated by the hockey team's payroll, which may be committed in the bond
7 agreements for debt payment as part of the financing plan.
8 5. The NHL team will--through its agreement with the City--demonstrate a commitment to local
9 hockey and youth organizations. This commitment might include grants, services-in-kind, or
10 percentages of annual revenue.
11 6. The NHL team will demonstrate a commitment to fair ticket prices and packages for families.
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Yeas Na s Absent Requested by Departrnent of:
Blakey :.�
Bostrom ✓
Guerin �
Harris ,�
Megard ,� By:
Rethnan ,�..
��e " Form Approved by City Attorney
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By:
Adopted by Council: Dat -.�� z G /I�
Ado ion Certified by Co ta�_. Appr by Mayor fo Submission to Council
B : B `f���I/�W
Y
Approved b ayor: Da I v �� ��
By:
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Green Sheet# �'S y
RESOLUTION
OF SAIN PAUL, MINNESOTA SD
Presented
Refened To Committee Date
1 Resolution concerning City-subsidized sporting facilities and franchises, restricting the City from financially
2 supporting those facilities or franchises if the subsidy is more than one million dollars
3 WHEREAS,the cost of attracting and maintaining a major league professional sports franchise may be in the
4 millions of dollars; and
5 WHEREAS,with few exceptions,the owners of sports franchises attempt to obta.in public assistance in the
6 form of tax dollars from a variety of sources, such as sales taxes,property taxes, tax increment financing,
7 consession and parking revenues; and
8 WHEREAS,the potential economic benefits to the community from having a sports franchise is debatable;
9 THEREFORE,BE IT RESOLVED,that the City of Saint Paul places the following conditions on dealing
10 with or negotiating the potential of bringing professional sports franchises to Saint Paul:
11 Any negotiation or substantive discussion with representatives of sports franchises must be revealed to the City
12 Council, along with the names of city representatives involved, and estimates of the amount of time to be spent.
13 Further,bi-weekly updates shall be presented to the City Council in writing, describing pertinent data, including
14 both capital and operating cost, financing methods, implementation schedules, and quantified benefits justifying
15 public participation in local funding.
9 �.-1�3�
1 AND BE IT FURTHER RESOLVED,that before the City commits to any expenditure, concession, revenue
2 sharing,promise or guazantee which sha11 exceed $1,000,000 (one million dollars),be it any combination of the
3 forms of free rent,public financing,public improvements, general operating or revenue bonds, credit
4 enhancement,ticket sales guarantees, or use of any public employee or publicly-owned property,this must first
5 be presented to the voters in the form of a Special Ballot question.
� �� � � � �'�.°��; !_
Yeas Na s Absent Requested by Depaxtment of:
Blakey
Bostrom
Guerin
Harris
Megard By:
Rerirnan
��e Form Approved by City Attorney
By:
Adopted by Council: Date
Adoption Certified by Council Secretary Approved by Mayor for Submission to Council
By: By:
Approved by Mayor: Date
By: