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01-556ORIG(N,�L CITY Presented By RefeLred TO Council File # Q�" SS�O Sheet n Committee: Date 3`� 1 2 3 4 b 6 7 8 9 SO 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2S 29 30 31 32 33 34 35 36 37 38 39 40 41 42 WfIEREAS, there is Tas Increment Financing in the amount of $1,500,000 available to fund Downtown projects , and Wf3EREAS, cosTS incurred to date on the Wabasha West project previously funded with MSA aze eligible for TIF financing, and WHERF.AS, this DownWwn TIF Snancing is not eligible for the NE Quadrant project, and WHEREAS, this will allow the use of MSA financing for the North Quadrant project in 2001, and V7IIEREAS, the HRA Boazd has adopted Resolution #Ol-3f2S-3 moving the Downtown TIF money to Fwnd 149-76900 W accommodate this transfer, so Tf3EREFORE BE TT RESOLVED, by the Council of the City of Saint Paul, upon recrommendation of the Mayor and advice of the Long Range Capital Improvement Budget Committee, that $ 1,50Q000 is available for appropriation in the 2001 Capital Improvement Budgets, as heretofore adopted and amended by this Council, be hereby further amended in the Improvement Budgets, in the following particulazs: Current Amended Budget Changes Budget FINANCING PLAN Wabasha West St Redesign C00-2R040 MSA Fed Grant Fwnd 149-76900 (TIF) Asmts SPENDING PLAN Wabasha West St Redesign C00-2R040 Construction & Plaus FINANCING PLAN North Quadrant Project COl-2X.`{:LY MSA 2,204,458.00 -1,500,000.00 704,488.00 1,400,000.00 1,400,000.00 0.00 1,500,000.00 1,500,000.00 350,000.00 350,000.00 3,954,488.00 0.00 3,954,488.00 3,954,488.00 0.00 3,954,488.00 3,954,485.00 0.00 3,954,488.00 0.00 1,500,000.00 1,500,000.00 0.00 1,500,000.00 1,500,000.00 106286 0 l �SS� 43 44 45 46 47 48 Construction & Plans 0.00 1,500,000.00 1,500,000.00 0.00 1,5QQ,OOQ.UO 1,500,a00.00 � O° � . 1 � ����� c.`t � L�S<' *..3 .�vuw Q{ � �4 %.`�` 54W" f0'" �£ : + ' y G.' � 2(i . ti :.� �,£9 C �`�� �. , Li L cJ ��� ` �,�� �,S E7�� ��y�Ji tY p^ ��. ���� �� `v �` r �� �' � r. � � , l� f: " ` �U� y ti?' . ♦. :.' _n.. .: . enanav a ey os rom o ema� Harris antry ei er Yeas � � Absent I Requested by Department of: i� EJW/jab Public Works 4/5/O1 I By: `- . / �/ Approval Recommend y 0 f' e of ��/V I Financia�l SerVices ' ecto �� U Adopted by Council: Date ap0 Adoption Certified by Counci Secretary BX� SPENDING PLAN North Quadrant Project COl-2X.�'�CY � By: Form Ap�qved by City Attorney: - �� � ' �— -�., Approved By Mayor: Date �(�f9Q �� ��sf'/� Approved b May� r for Submission to Council: BY: Ct� / BY� V il ''`° f °!�`i t Public Works Ed Warti - 266-6142 MUST BE ON COUNCI�AGENDA BY (DAic7 4/5/2001 � ASSIGN NUMBFA FOR ROUi1NG GREEN SHEET No. 10628` InN Date InitiaVDate DEPA 1 I�pR 7 C�r�UNCIL I_ � ❑ CI"fY ATTORNEY � I 1 � QTY CLEHK ❑ FlNPNCIAL SEftVICES DIR �� FlNMICIAL SEflV/ACCTG ❑ 6 v � MAYORIORASS15fANi) b ❑ �C TQTAL # OF SIGNATURE PAGES 1 (CLIP ALL LOCATIONS FOR SIGNATURE) ACTION REQUESTEO Approval of attached Council Resolution amending the spending and financing plans of the Wabasha West Street Redesign project by substituting MSA funding with TIF and set[ing up a new projecT called North Quadrant and financing with MSA funds. O RECOMMENDATIONS Apprrne (A) or Reject (R) _ PWJNINGCOMMISSION � CIBCOMMITTEE CIVIL SERVICE COMMISSION PERSONAL SERVICE CONTRACTS MUST ANSWER THE FOLLOWING QUESTIONS: 1. HasthispersorVfirtneverworketluntle�acontractforthisdepartmen[? YES NO 2. Has this persoNfirm ever been a city employee� YES NO 3. Does this persoNtirm possess a skilt fmi frormally possessed by any cu�te�it aty empioyee? YES NO 4. Is this oersoNfirm a taroeted ventlor'+ INITIATING PROBLEM, ISSUE.OPPORTUNITY (WNO. WHAT, WHEN, WHERE, WHI�. ' �° �vv Tax Increment Financing in the amount of $1,500,000 is available fcr use on the Wabasha West project. Costs incurred on the Wabasha West project that are MSA eligible will be substituted with TIF financing. The MSA financing freed up will be transferred to a new North Quadrant project in 2001. ADVANTAGESIFAPPROVED: Financing wIlt be available for the public roadway improvements in the North Quadrant project. None. IF APPflOVED: � � r naY 1 s zafl� DISADVMfiAGES IF NOT APPROVED Other sources of financing the public roadway improvements in the North Quadrarn pro�ect wiil need to be found. .....,�M... . .x / - OTAL AMOUNT OF TRANSACTION § $1,500,000 COST/REVENUE BUDGETED (CIRCLE ONE) YES No FUNDING SOURCE Fuud 149-'I69OO(TIF ACTIVITV NUMBER COO-2R040 & COl-2XXXX _ FINANCIqL INFORMATION (IXPLAIN) ORIG(N,�L CITY Presented By RefeLred TO Council File # Q�" SS�O Sheet n Committee: Date 3`� 1 2 3 4 b 6 7 8 9 SO 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2S 29 30 31 32 33 34 35 36 37 38 39 40 41 42 WfIEREAS, there is Tas Increment Financing in the amount of $1,500,000 available to fund Downtown projects , and Wf3EREAS, cosTS incurred to date on the Wabasha West project previously funded with MSA aze eligible for TIF financing, and WHERF.AS, this DownWwn TIF Snancing is not eligible for the NE Quadrant project, and WHEREAS, this will allow the use of MSA financing for the North Quadrant project in 2001, and V7IIEREAS, the HRA Boazd has adopted Resolution #Ol-3f2S-3 moving the Downtown TIF money to Fwnd 149-76900 W accommodate this transfer, so Tf3EREFORE BE TT RESOLVED, by the Council of the City of Saint Paul, upon recrommendation of the Mayor and advice of the Long Range Capital Improvement Budget Committee, that $ 1,50Q000 is available for appropriation in the 2001 Capital Improvement Budgets, as heretofore adopted and amended by this Council, be hereby further amended in the Improvement Budgets, in the following particulazs: Current Amended Budget Changes Budget FINANCING PLAN Wabasha West St Redesign C00-2R040 MSA Fed Grant Fwnd 149-76900 (TIF) Asmts SPENDING PLAN Wabasha West St Redesign C00-2R040 Construction & Plaus FINANCING PLAN North Quadrant Project COl-2X.`{:LY MSA 2,204,458.00 -1,500,000.00 704,488.00 1,400,000.00 1,400,000.00 0.00 1,500,000.00 1,500,000.00 350,000.00 350,000.00 3,954,488.00 0.00 3,954,488.00 3,954,488.00 0.00 3,954,488.00 3,954,485.00 0.00 3,954,488.00 0.00 1,500,000.00 1,500,000.00 0.00 1,500,000.00 1,500,000.00 106286 0 l �SS� 43 44 45 46 47 48 Construction & Plans 0.00 1,500,000.00 1,500,000.00 0.00 1,5QQ,OOQ.UO 1,500,a00.00 � O° � . 1 � ����� c.`t � L�S<' *..3 .�vuw Q{ � �4 %.`�` 54W" f0'" �£ : + ' y G.' � 2(i . ti :.� �,£9 C �`�� �. , Li L cJ ��� ` �,�� �,S E7�� ��y�Ji tY p^ ��. ���� �� `v �` r �� �' � r. � � , l� f: " ` �U� y ti?' . ♦. :.' _n.. .: . enanav a ey os rom o ema� Harris antry ei er Yeas � � Absent I Requested by Department of: i� EJW/jab Public Works 4/5/O1 I By: `- . / �/ Approval Recommend y 0 f' e of ��/V I Financia�l SerVices ' ecto �� U Adopted by Council: Date ap0 Adoption Certified by Counci Secretary BX� SPENDING PLAN North Quadrant Project COl-2X.�'�CY � By: Form Ap�qved by City Attorney: - �� � ' �— -�., Approved By Mayor: Date �(�f9Q �� ��sf'/� Approved b May� r for Submission to Council: BY: Ct� / BY� V il ''`° f °!�`i t Public Works Ed Warti - 266-6142 MUST BE ON COUNCI�AGENDA BY (DAic7 4/5/2001 � ASSIGN NUMBFA FOR ROUi1NG GREEN SHEET No. 10628` InN Date InitiaVDate DEPA 1 I�pR 7 C�r�UNCIL I_ � ❑ CI"fY ATTORNEY � I 1 � QTY CLEHK ❑ FlNPNCIAL SEftVICES DIR �� FlNMICIAL SEflV/ACCTG ❑ 6 v � MAYORIORASS15fANi) b ❑ �C TQTAL # OF SIGNATURE PAGES 1 (CLIP ALL LOCATIONS FOR SIGNATURE) ACTION REQUESTEO Approval of attached Council Resolution amending the spending and financing plans of the Wabasha West Street Redesign project by substituting MSA funding with TIF and set[ing up a new projecT called North Quadrant and financing with MSA funds. O RECOMMENDATIONS Apprrne (A) or Reject (R) _ PWJNINGCOMMISSION � CIBCOMMITTEE CIVIL SERVICE COMMISSION PERSONAL SERVICE CONTRACTS MUST ANSWER THE FOLLOWING QUESTIONS: 1. HasthispersorVfirtneverworketluntle�acontractforthisdepartmen[? YES NO 2. Has this persoNfirm ever been a city employee� YES NO 3. Does this persoNtirm possess a skilt fmi frormally possessed by any cu�te�it aty empioyee? YES NO 4. Is this oersoNfirm a taroeted ventlor'+ INITIATING PROBLEM, ISSUE.OPPORTUNITY (WNO. WHAT, WHEN, WHERE, WHI�. ' �° �vv Tax Increment Financing in the amount of $1,500,000 is available fcr use on the Wabasha West project. Costs incurred on the Wabasha West project that are MSA eligible will be substituted with TIF financing. The MSA financing freed up will be transferred to a new North Quadrant project in 2001. ADVANTAGESIFAPPROVED: Financing wIlt be available for the public roadway improvements in the North Quadrant project. None. IF APPflOVED: � � r naY 1 s zafl� DISADVMfiAGES IF NOT APPROVED Other sources of financing the public roadway improvements in the North Quadrarn pro�ect wiil need to be found. .....,�M... . .x / - OTAL AMOUNT OF TRANSACTION § $1,500,000 COST/REVENUE BUDGETED (CIRCLE ONE) YES No FUNDING SOURCE Fuud 149-'I69OO(TIF ACTIVITV NUMBER COO-2R040 & COl-2XXXX _ FINANCIqL INFORMATION (IXPLAIN) ORIG(N,�L CITY Presented By RefeLred TO Council File # Q�" SS�O Sheet n Committee: Date 3`� 1 2 3 4 b 6 7 8 9 SO 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2S 29 30 31 32 33 34 35 36 37 38 39 40 41 42 WfIEREAS, there is Tas Increment Financing in the amount of $1,500,000 available to fund Downtown projects , and Wf3EREAS, cosTS incurred to date on the Wabasha West project previously funded with MSA aze eligible for TIF financing, and WHERF.AS, this DownWwn TIF Snancing is not eligible for the NE Quadrant project, and WHEREAS, this will allow the use of MSA financing for the North Quadrant project in 2001, and V7IIEREAS, the HRA Boazd has adopted Resolution #Ol-3f2S-3 moving the Downtown TIF money to Fwnd 149-76900 W accommodate this transfer, so Tf3EREFORE BE TT RESOLVED, by the Council of the City of Saint Paul, upon recrommendation of the Mayor and advice of the Long Range Capital Improvement Budget Committee, that $ 1,50Q000 is available for appropriation in the 2001 Capital Improvement Budgets, as heretofore adopted and amended by this Council, be hereby further amended in the Improvement Budgets, in the following particulazs: Current Amended Budget Changes Budget FINANCING PLAN Wabasha West St Redesign C00-2R040 MSA Fed Grant Fwnd 149-76900 (TIF) Asmts SPENDING PLAN Wabasha West St Redesign C00-2R040 Construction & Plaus FINANCING PLAN North Quadrant Project COl-2X.`{:LY MSA 2,204,458.00 -1,500,000.00 704,488.00 1,400,000.00 1,400,000.00 0.00 1,500,000.00 1,500,000.00 350,000.00 350,000.00 3,954,488.00 0.00 3,954,488.00 3,954,488.00 0.00 3,954,488.00 3,954,485.00 0.00 3,954,488.00 0.00 1,500,000.00 1,500,000.00 0.00 1,500,000.00 1,500,000.00 106286 0 l �SS� 43 44 45 46 47 48 Construction & Plans 0.00 1,500,000.00 1,500,000.00 0.00 1,5QQ,OOQ.UO 1,500,a00.00 � O° � . 1 � ����� c.`t � L�S<' *..3 .�vuw Q{ � �4 %.`�` 54W" f0'" �£ : + ' y G.' � 2(i . ti :.� �,£9 C �`�� �. , Li L cJ ��� ` �,�� �,S E7�� ��y�Ji tY p^ ��. ���� �� `v �` r �� �' � r. � � , l� f: " ` �U� y ti?' . ♦. :.' _n.. .: . enanav a ey os rom o ema� Harris antry ei er Yeas � � Absent I Requested by Department of: i� EJW/jab Public Works 4/5/O1 I By: `- . / �/ Approval Recommend y 0 f' e of ��/V I Financia�l SerVices ' ecto �� U Adopted by Council: Date ap0 Adoption Certified by Counci Secretary BX� SPENDING PLAN North Quadrant Project COl-2X.�'�CY � By: Form Ap�qved by City Attorney: - �� � ' �— -�., Approved By Mayor: Date �(�f9Q �� ��sf'/� Approved b May� r for Submission to Council: BY: Ct� / BY� V il ''`° f °!�`i t Public Works Ed Warti - 266-6142 MUST BE ON COUNCI�AGENDA BY (DAic7 4/5/2001 � ASSIGN NUMBFA FOR ROUi1NG GREEN SHEET No. 10628` InN Date InitiaVDate DEPA 1 I�pR 7 C�r�UNCIL I_ � ❑ CI"fY ATTORNEY � I 1 � QTY CLEHK ❑ FlNPNCIAL SEftVICES DIR �� FlNMICIAL SEflV/ACCTG ❑ 6 v � MAYORIORASS15fANi) b ❑ �C TQTAL # OF SIGNATURE PAGES 1 (CLIP ALL LOCATIONS FOR SIGNATURE) ACTION REQUESTEO Approval of attached Council Resolution amending the spending and financing plans of the Wabasha West Street Redesign project by substituting MSA funding with TIF and set[ing up a new projecT called North Quadrant and financing with MSA funds. O RECOMMENDATIONS Apprrne (A) or Reject (R) _ PWJNINGCOMMISSION � CIBCOMMITTEE CIVIL SERVICE COMMISSION PERSONAL SERVICE CONTRACTS MUST ANSWER THE FOLLOWING QUESTIONS: 1. HasthispersorVfirtneverworketluntle�acontractforthisdepartmen[? YES NO 2. Has this persoNfirm ever been a city employee� YES NO 3. Does this persoNtirm possess a skilt fmi frormally possessed by any cu�te�it aty empioyee? YES NO 4. Is this oersoNfirm a taroeted ventlor'+ INITIATING PROBLEM, ISSUE.OPPORTUNITY (WNO. WHAT, WHEN, WHERE, WHI�. ' �° �vv Tax Increment Financing in the amount of $1,500,000 is available fcr use on the Wabasha West project. Costs incurred on the Wabasha West project that are MSA eligible will be substituted with TIF financing. The MSA financing freed up will be transferred to a new North Quadrant project in 2001. ADVANTAGESIFAPPROVED: Financing wIlt be available for the public roadway improvements in the North Quadrant project. None. IF APPflOVED: � � r naY 1 s zafl� DISADVMfiAGES IF NOT APPROVED Other sources of financing the public roadway improvements in the North Quadrarn pro�ect wiil need to be found. .....,�M... . .x / - OTAL AMOUNT OF TRANSACTION § $1,500,000 COST/REVENUE BUDGETED (CIRCLE ONE) YES No FUNDING SOURCE Fuud 149-'I69OO(TIF ACTIVITV NUMBER COO-2R040 & COl-2XXXX _ FINANCIqL INFORMATION (IXPLAIN)