01-539O��GI�lAL
Council File # 0� � S�
Resolution #
Green 5heet # i�\ b�6to
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presented By
Referred To
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
RESOLVED, that upon the recoi
Paul does hereby approve the following
Fund:
Frogtown Facelift Loan Fund
P6-100-98005-0547-00661
Comp. Housing Real Estate
P6-100-96004-0584-00518
Totals
CURRENT
BUDGET
$900,000.00
$ 15.542.07
$915,542.07
Committee: Date
3a
bf the Mayor, the Council of the City of Saint
to the Community Development Biock Grant
CHANGE
AMENDED
BUDGET
($250,000.00)
$250,000.00
$ 0.00
$650,000.00
$265.542.07
$915,542.07
Requested by Department of:
Plannin & Econo .ic Develo ment
By:
�
S C1C
Form Approved by City Attorney
Adopted by Council: Date �`3 pOt � /� � A �
Adoption Certified by Counci Secretary By: ��`�-z /�1�'.�V��
By:
� Approved by Mayor for Submission to Council
Approved by Mayor: Date �l /sLUj , iJ
%
By: By: �Y �
v
DEPAR'IMEtil'/QFFSCtiC04NCIL: DATE IYITIATED GREEN SHEET Nor 111086
PED 4/24/O1 ' O l 5�
S[ephanie Hat�kinson, 256b585 � IN[71.aLD.�1'E INt7'I.1tJUaTE
1 DEPARIMENT DIR CITYCOUNCIL
ASSIGN ? C[TY ATl'ORNEY� _ CITY CLERK
btIIST BE ON COUI�CIL AGENDA BY (DATE} hUbiBER _FINAhCIAL SERV D[R. _ FLNANCIAL SERVlACCTG
FOR 3 MAYOR (OR ASST.) _ CIVIL SERVICE COMMISSION
ROUTING µ'�T 7EAM (Kershaw)
ORDER
TOTAL # OF SIGNATURE PAGES _l_(CLIP ALL LOCA7IONS FOR SIGNA'['URE)
acr[or izeQUesren: Greater Frob own CDC requests the transfer of $250,000 from their Greater Forgtown Facelift
Loan Fund to their Comprehensive Housing Real Estate Fund, more commonly known as the Rental Rehab
program. This resolution accomplishes that fund transfer.
RECOMMENAATIONS: Approve (A) or Reject (R) PERSO\AL SERVICE CONTItACi'S MUST ANSW ER THE FOLLOW IIVG
QUESTIONS:
PLANNQ4G COMMISSION 1. Haz this person/Fcm ever worAed under a conhac[ for [his deparhnent?
CB COMMITTEE Yes No
CML SERVICE COMMISS[ON 2 Has this person/firm ever been a city employee?
Yes No
A S[aff 3. Does this person/firtn possess a skill no[ nortnally possessed by any curtent ciTy�employe�?
Yes No �
Explain all yes answers on separate sheet and a[tach to green shee[
INITIATINC PROBLEM, ISSUE, OPPORTUNiT�' (�'�'ho, What, When, Where, Why):
All the funds previously allocated for the Comprehensive Housing Real Estate program have been committed and
there is a growing waiting list of landlords who are interested in completing rehabilitation projects on their rental
property.
ADVANTAGESIFAPPROVED: ,
Rental property will receive health/safety improvements and/or defened maintenance improvements. (
�
i
!
;
DISADVANTAGESIFAPPROVED.
None �PR 3 � ���'�
Y PeTTORNE
DISADVANTAGES IF NOT APPROVED'
These rentai properties will continue to deteriorate
TOTAL 9MOCNT OP TRANSACTION: S 25Q000 COST/REVENOE BUDGETED: ���� �+��t�
FONDPVG SOURCE: The transfer of fi!nds from P6-7 00-98005-0541-00661 ACTA'ITY NUMBER:
To P6-]00-96004-0�84-00518 e �
FRVANCIAL INFORMATION: (EXPLAIN) _� �'i��', +''��S g 2QQ� �
� i
✓
DEPARTMENT OF PLANNING
& ECONOMIC DEVELOPMENT
Brian Sweeney, Director
CTTY OF SAII�IT PAUL
Norm Colemam, Mayor
Apri125, 2001
To: Councii President Bostrom
Councilnnember Benanav
Councilmember Blakey
Councilmember Coleman
Councilmember Harris
Councilmember Lantry
Councilmember Reiter
Fr:
Re:
Brian Sweeney
25 West Fourth Sbeet
Saint Paul, MN i5102
o t -.s39
Telephone: 651-266-6655
Facsimile: 651-228-3267
Request for City Council Approval of a Resolution Authorizing
the transfer of $250,000 from the Greater Frogtown Facelift Loan Fund to the
Comprehensive Housing Real Estate Fund.
Purpose
On behalf of the Greater Frogtown Community Development Corporation's (GFCDC) Board of
Directors, Jill Nikodym has requested that $250,000 be transferred from the Frogtown Facelift
Program into the Comprehensive Housing Real Estate fund, more commonly lrnown as the
Rental Rehab Incentive Program.
Background Information
The Rental Rehab Incentive Pro�g am provides loans up to $26,900 to owner-occupied landlords,
and loans based on inveshnent to non-owner occupied landlords. The incentive portion of the
owner-occupied loans is 2/3 of the total loan, 1/3 of which is forgiven over five years and the
other 1/3 due upon the sale of the property. The remaining 1/3 is amortized. For non-owner
occupied rental properiy, the landlord is required to invest 1/4 of the rehabilitation cost and in
retum they will receive another 1/4 of the cost in a loan forgiven over five years and the
remaining %2 amortized at 5 1/4-percent interest.
K\SIiARED\Hawkinso\GFCDC\CiTy CouncilMemoRentalRehab.wpd
1
ot-53'
The Frogtown Facelift Home Rehab Loan rp O�cam provides toans up to $26,000 for interior and
exterior health/safety and deferred maintenance improvements. To ensure the financing is
affordable to low income families, 1/3 of these secured funds are amortized over 7-9 years at 5%
interest, 113 is forgiven over five years, and 1i3 is due upon sale.
Although the Facelift program has either spent or committed the $300,000 received through the
CIB process in 1998 and 1999, GFCDC just entered into a contract for $300,000 additional
dollazs for this program and will receive $255,000 more in June. An additional $108,991 in
Facelift funds was received in 1999 for Capitol Heights but remains uncommitted despite
aggressive mazketing efforts. Conversely, due to the popularity of the Rental Rehab money,
GFCDC has either spent or committed the $180,000 that was available for this program. In
hopes of receiving additional funding, they have created a lengthy waiung list of interested
landlords.
StafFis requesting the City Council adopt a resolution supporting the transfer of $250,000 from
the Frogtown Facelift Loan Fund to meet the demand of the Comprehensive Housing Real
Estate, or Rental Rehab, program..
Recommendation
A resolution is attached for the City Council consideration.
Attachments
Resolution Authorizing Application to the Metropolitan Council `s
Tax Base Revitalization Account.
Sponsored by: Commissioner Blakey
Prepazed By: Stephanie Hawkinson, West Team
cc: Mayor Coleman
Susan Kimberly
K:\SHAREDQ-Iawkinso\GFCDC\CiTy CounciIMemoRentalRehab.wpd
2
O��GI�lAL
Council File # 0� � S�
Resolution #
Green 5heet # i�\ b�6to
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presented By
Referred To
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
RESOLVED, that upon the recoi
Paul does hereby approve the following
Fund:
Frogtown Facelift Loan Fund
P6-100-98005-0547-00661
Comp. Housing Real Estate
P6-100-96004-0584-00518
Totals
CURRENT
BUDGET
$900,000.00
$ 15.542.07
$915,542.07
Committee: Date
3a
bf the Mayor, the Council of the City of Saint
to the Community Development Biock Grant
CHANGE
AMENDED
BUDGET
($250,000.00)
$250,000.00
$ 0.00
$650,000.00
$265.542.07
$915,542.07
Requested by Department of:
Plannin & Econo .ic Develo ment
By:
�
S C1C
Form Approved by City Attorney
Adopted by Council: Date �`3 pOt � /� � A �
Adoption Certified by Counci Secretary By: ��`�-z /�1�'.�V��
By:
� Approved by Mayor for Submission to Council
Approved by Mayor: Date �l /sLUj , iJ
%
By: By: �Y �
v
DEPAR'IMEtil'/QFFSCtiC04NCIL: DATE IYITIATED GREEN SHEET Nor 111086
PED 4/24/O1 ' O l 5�
S[ephanie Hat�kinson, 256b585 � IN[71.aLD.�1'E INt7'I.1tJUaTE
1 DEPARIMENT DIR CITYCOUNCIL
ASSIGN ? C[TY ATl'ORNEY� _ CITY CLERK
btIIST BE ON COUI�CIL AGENDA BY (DATE} hUbiBER _FINAhCIAL SERV D[R. _ FLNANCIAL SERVlACCTG
FOR 3 MAYOR (OR ASST.) _ CIVIL SERVICE COMMISSION
ROUTING µ'�T 7EAM (Kershaw)
ORDER
TOTAL # OF SIGNATURE PAGES _l_(CLIP ALL LOCA7IONS FOR SIGNA'['URE)
acr[or izeQUesren: Greater Frob own CDC requests the transfer of $250,000 from their Greater Forgtown Facelift
Loan Fund to their Comprehensive Housing Real Estate Fund, more commonly known as the Rental Rehab
program. This resolution accomplishes that fund transfer.
RECOMMENAATIONS: Approve (A) or Reject (R) PERSO\AL SERVICE CONTItACi'S MUST ANSW ER THE FOLLOW IIVG
QUESTIONS:
PLANNQ4G COMMISSION 1. Haz this person/Fcm ever worAed under a conhac[ for [his deparhnent?
CB COMMITTEE Yes No
CML SERVICE COMMISS[ON 2 Has this person/firm ever been a city employee?
Yes No
A S[aff 3. Does this person/firtn possess a skill no[ nortnally possessed by any curtent ciTy�employe�?
Yes No �
Explain all yes answers on separate sheet and a[tach to green shee[
INITIATINC PROBLEM, ISSUE, OPPORTUNiT�' (�'�'ho, What, When, Where, Why):
All the funds previously allocated for the Comprehensive Housing Real Estate program have been committed and
there is a growing waiting list of landlords who are interested in completing rehabilitation projects on their rental
property.
ADVANTAGESIFAPPROVED: ,
Rental property will receive health/safety improvements and/or defened maintenance improvements. (
�
i
!
;
DISADVANTAGESIFAPPROVED.
None �PR 3 � ���'�
Y PeTTORNE
DISADVANTAGES IF NOT APPROVED'
These rentai properties will continue to deteriorate
TOTAL 9MOCNT OP TRANSACTION: S 25Q000 COST/REVENOE BUDGETED: ���� �+��t�
FONDPVG SOURCE: The transfer of fi!nds from P6-7 00-98005-0541-00661 ACTA'ITY NUMBER:
To P6-]00-96004-0�84-00518 e �
FRVANCIAL INFORMATION: (EXPLAIN) _� �'i��', +''��S g 2QQ� �
� i
✓
DEPARTMENT OF PLANNING
& ECONOMIC DEVELOPMENT
Brian Sweeney, Director
CTTY OF SAII�IT PAUL
Norm Colemam, Mayor
Apri125, 2001
To: Councii President Bostrom
Councilnnember Benanav
Councilmember Blakey
Councilmember Coleman
Councilmember Harris
Councilmember Lantry
Councilmember Reiter
Fr:
Re:
Brian Sweeney
25 West Fourth Sbeet
Saint Paul, MN i5102
o t -.s39
Telephone: 651-266-6655
Facsimile: 651-228-3267
Request for City Council Approval of a Resolution Authorizing
the transfer of $250,000 from the Greater Frogtown Facelift Loan Fund to the
Comprehensive Housing Real Estate Fund.
Purpose
On behalf of the Greater Frogtown Community Development Corporation's (GFCDC) Board of
Directors, Jill Nikodym has requested that $250,000 be transferred from the Frogtown Facelift
Program into the Comprehensive Housing Real Estate fund, more commonly lrnown as the
Rental Rehab Incentive Program.
Background Information
The Rental Rehab Incentive Pro�g am provides loans up to $26,900 to owner-occupied landlords,
and loans based on inveshnent to non-owner occupied landlords. The incentive portion of the
owner-occupied loans is 2/3 of the total loan, 1/3 of which is forgiven over five years and the
other 1/3 due upon the sale of the property. The remaining 1/3 is amortized. For non-owner
occupied rental properiy, the landlord is required to invest 1/4 of the rehabilitation cost and in
retum they will receive another 1/4 of the cost in a loan forgiven over five years and the
remaining %2 amortized at 5 1/4-percent interest.
K\SIiARED\Hawkinso\GFCDC\CiTy CouncilMemoRentalRehab.wpd
1
ot-53'
The Frogtown Facelift Home Rehab Loan rp O�cam provides toans up to $26,000 for interior and
exterior health/safety and deferred maintenance improvements. To ensure the financing is
affordable to low income families, 1/3 of these secured funds are amortized over 7-9 years at 5%
interest, 113 is forgiven over five years, and 1i3 is due upon sale.
Although the Facelift program has either spent or committed the $300,000 received through the
CIB process in 1998 and 1999, GFCDC just entered into a contract for $300,000 additional
dollazs for this program and will receive $255,000 more in June. An additional $108,991 in
Facelift funds was received in 1999 for Capitol Heights but remains uncommitted despite
aggressive mazketing efforts. Conversely, due to the popularity of the Rental Rehab money,
GFCDC has either spent or committed the $180,000 that was available for this program. In
hopes of receiving additional funding, they have created a lengthy waiung list of interested
landlords.
StafFis requesting the City Council adopt a resolution supporting the transfer of $250,000 from
the Frogtown Facelift Loan Fund to meet the demand of the Comprehensive Housing Real
Estate, or Rental Rehab, program..
Recommendation
A resolution is attached for the City Council consideration.
Attachments
Resolution Authorizing Application to the Metropolitan Council `s
Tax Base Revitalization Account.
Sponsored by: Commissioner Blakey
Prepazed By: Stephanie Hawkinson, West Team
cc: Mayor Coleman
Susan Kimberly
K:\SHAREDQ-Iawkinso\GFCDC\CiTy CounciIMemoRentalRehab.wpd
2
O��GI�lAL
Council File # 0� � S�
Resolution #
Green 5heet # i�\ b�6to
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presented By
Referred To
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
RESOLVED, that upon the recoi
Paul does hereby approve the following
Fund:
Frogtown Facelift Loan Fund
P6-100-98005-0547-00661
Comp. Housing Real Estate
P6-100-96004-0584-00518
Totals
CURRENT
BUDGET
$900,000.00
$ 15.542.07
$915,542.07
Committee: Date
3a
bf the Mayor, the Council of the City of Saint
to the Community Development Biock Grant
CHANGE
AMENDED
BUDGET
($250,000.00)
$250,000.00
$ 0.00
$650,000.00
$265.542.07
$915,542.07
Requested by Department of:
Plannin & Econo .ic Develo ment
By:
�
S C1C
Form Approved by City Attorney
Adopted by Council: Date �`3 pOt � /� � A �
Adoption Certified by Counci Secretary By: ��`�-z /�1�'.�V��
By:
� Approved by Mayor for Submission to Council
Approved by Mayor: Date �l /sLUj , iJ
%
By: By: �Y �
v
DEPAR'IMEtil'/QFFSCtiC04NCIL: DATE IYITIATED GREEN SHEET Nor 111086
PED 4/24/O1 ' O l 5�
S[ephanie Hat�kinson, 256b585 � IN[71.aLD.�1'E INt7'I.1tJUaTE
1 DEPARIMENT DIR CITYCOUNCIL
ASSIGN ? C[TY ATl'ORNEY� _ CITY CLERK
btIIST BE ON COUI�CIL AGENDA BY (DATE} hUbiBER _FINAhCIAL SERV D[R. _ FLNANCIAL SERVlACCTG
FOR 3 MAYOR (OR ASST.) _ CIVIL SERVICE COMMISSION
ROUTING µ'�T 7EAM (Kershaw)
ORDER
TOTAL # OF SIGNATURE PAGES _l_(CLIP ALL LOCA7IONS FOR SIGNA'['URE)
acr[or izeQUesren: Greater Frob own CDC requests the transfer of $250,000 from their Greater Forgtown Facelift
Loan Fund to their Comprehensive Housing Real Estate Fund, more commonly known as the Rental Rehab
program. This resolution accomplishes that fund transfer.
RECOMMENAATIONS: Approve (A) or Reject (R) PERSO\AL SERVICE CONTItACi'S MUST ANSW ER THE FOLLOW IIVG
QUESTIONS:
PLANNQ4G COMMISSION 1. Haz this person/Fcm ever worAed under a conhac[ for [his deparhnent?
CB COMMITTEE Yes No
CML SERVICE COMMISS[ON 2 Has this person/firm ever been a city employee?
Yes No
A S[aff 3. Does this person/firtn possess a skill no[ nortnally possessed by any curtent ciTy�employe�?
Yes No �
Explain all yes answers on separate sheet and a[tach to green shee[
INITIATINC PROBLEM, ISSUE, OPPORTUNiT�' (�'�'ho, What, When, Where, Why):
All the funds previously allocated for the Comprehensive Housing Real Estate program have been committed and
there is a growing waiting list of landlords who are interested in completing rehabilitation projects on their rental
property.
ADVANTAGESIFAPPROVED: ,
Rental property will receive health/safety improvements and/or defened maintenance improvements. (
�
i
!
;
DISADVANTAGESIFAPPROVED.
None �PR 3 � ���'�
Y PeTTORNE
DISADVANTAGES IF NOT APPROVED'
These rentai properties will continue to deteriorate
TOTAL 9MOCNT OP TRANSACTION: S 25Q000 COST/REVENOE BUDGETED: ���� �+��t�
FONDPVG SOURCE: The transfer of fi!nds from P6-7 00-98005-0541-00661 ACTA'ITY NUMBER:
To P6-]00-96004-0�84-00518 e �
FRVANCIAL INFORMATION: (EXPLAIN) _� �'i��', +''��S g 2QQ� �
� i
✓
DEPARTMENT OF PLANNING
& ECONOMIC DEVELOPMENT
Brian Sweeney, Director
CTTY OF SAII�IT PAUL
Norm Colemam, Mayor
Apri125, 2001
To: Councii President Bostrom
Councilnnember Benanav
Councilmember Blakey
Councilmember Coleman
Councilmember Harris
Councilmember Lantry
Councilmember Reiter
Fr:
Re:
Brian Sweeney
25 West Fourth Sbeet
Saint Paul, MN i5102
o t -.s39
Telephone: 651-266-6655
Facsimile: 651-228-3267
Request for City Council Approval of a Resolution Authorizing
the transfer of $250,000 from the Greater Frogtown Facelift Loan Fund to the
Comprehensive Housing Real Estate Fund.
Purpose
On behalf of the Greater Frogtown Community Development Corporation's (GFCDC) Board of
Directors, Jill Nikodym has requested that $250,000 be transferred from the Frogtown Facelift
Program into the Comprehensive Housing Real Estate fund, more commonly lrnown as the
Rental Rehab Incentive Program.
Background Information
The Rental Rehab Incentive Pro�g am provides loans up to $26,900 to owner-occupied landlords,
and loans based on inveshnent to non-owner occupied landlords. The incentive portion of the
owner-occupied loans is 2/3 of the total loan, 1/3 of which is forgiven over five years and the
other 1/3 due upon the sale of the property. The remaining 1/3 is amortized. For non-owner
occupied rental properiy, the landlord is required to invest 1/4 of the rehabilitation cost and in
retum they will receive another 1/4 of the cost in a loan forgiven over five years and the
remaining %2 amortized at 5 1/4-percent interest.
K\SIiARED\Hawkinso\GFCDC\CiTy CouncilMemoRentalRehab.wpd
1
ot-53'
The Frogtown Facelift Home Rehab Loan rp O�cam provides toans up to $26,000 for interior and
exterior health/safety and deferred maintenance improvements. To ensure the financing is
affordable to low income families, 1/3 of these secured funds are amortized over 7-9 years at 5%
interest, 113 is forgiven over five years, and 1i3 is due upon sale.
Although the Facelift program has either spent or committed the $300,000 received through the
CIB process in 1998 and 1999, GFCDC just entered into a contract for $300,000 additional
dollazs for this program and will receive $255,000 more in June. An additional $108,991 in
Facelift funds was received in 1999 for Capitol Heights but remains uncommitted despite
aggressive mazketing efforts. Conversely, due to the popularity of the Rental Rehab money,
GFCDC has either spent or committed the $180,000 that was available for this program. In
hopes of receiving additional funding, they have created a lengthy waiung list of interested
landlords.
StafFis requesting the City Council adopt a resolution supporting the transfer of $250,000 from
the Frogtown Facelift Loan Fund to meet the demand of the Comprehensive Housing Real
Estate, or Rental Rehab, program..
Recommendation
A resolution is attached for the City Council consideration.
Attachments
Resolution Authorizing Application to the Metropolitan Council `s
Tax Base Revitalization Account.
Sponsored by: Commissioner Blakey
Prepazed By: Stephanie Hawkinson, West Team
cc: Mayor Coleman
Susan Kimberly
K:\SHAREDQ-Iawkinso\GFCDC\CiTy CounciIMemoRentalRehab.wpd
2