03-1136Council File # � `��
Resolution #
Green Sheet # � �� r � � �
RESOLUTION
PAUL, MINNESOTA 2�
Presented By
Referred To
Committee: Date
RESOLUTION APPROVING AND AUTHORIZING A LOAN FROM
THE NEIGHBORHOOD INVESTMENT iNITIATIVE PROGRAM TO
THE HIGHLAND GRANDVIEW LIMITED PARTNERSHIP
1 WI the Higliland and Grandview Theaters are Saint Paul's last two surviving neighborhood
2 cinema houses, and
3 WHEREAS, the Highland Theater was built in 1939 and the Grandview Theater was built in 1933 and
4 both buildings aze historically significant because of their Art-Deco azchitectural design and their
5 continued use as neighborhood movie theaters, and
6 WHEREAS, both theaters serve as anchor attractions to successful commercial districts in Highland
7 Village and Crrand Avenue, and
8 WHEREAS, both theaters have served generations of movie-going Saint Paul residents, and
9 WIIEREAS, both theaters are in need of capital improvements to ensure their continued use as movie
10 theaters, and
11 WHEREAS, the modern economic strucrizre of the movie indusriy does not encourage private investment
12 in lristoric neighborhood movie theaters, and
13 WHEREAS, Mann Theatres, Inc. and their affiliates desire to continue operating the Highland and
14 Grandview Theaters, and
15 WHEREAS, the Saint Paul City Council desires to preserve the Highland and Grandview Theaters, and
16 WHEREAS, on June 18, 2003 the City Council authorized a$75,000 Cultural STAR grant (STAR No. 03-
17 539) to the Highland Business Association for the preservation of the Highland Theater during Cycle 9 of
18 the Cultural STAR Program, and
19 WHEREAS, the Neighborhood STAR Board will, at its January 2004 meeting, review an application from
20 Mann Theatres, Inc. for a loan from the Neighborhood Investment Initiative Program to make capital
21 improvements to the Highland and Grandview Theaters, now, therefore, be it
22 RESOLVED, that the Saint Paul City Council hereby authorizes a loan from the Neighborhood Investment
23 Initiative Program to the Highland Grandview Limited Partnership in the total amount of $213,270, and be
24 it
63
1 FURTHER RESOLVED, that the City Council hereby waives the private matching fund requirements for
2 the Neighborhood Investment Inifiative Program for this loan, and be it
3 FURTHER RESOLVED, that the City Council hereby requests the Neighborhood STAR Board to review
4 this loan request at its January 2004 meeting prior to execution of any loan agreement or the expenditure
5 of the funds described herein, and be it
6 FURTHER RESOLVED, that the Cuitural STAR allocation to the Highland Business Association be
7 allocated in accordance with the terms and condiuons of the Neighborhood Investment Initiative Pro�am
8 loan, and be it
9 FINALLY RESOLVED, Yhat the City Council hereby authorizes the Budget Amendment attached to this
resolution as Attachment A.
Requested by Department of:
Plannin4 & ECOnomiC DeVeloAment
By:
Adoption Certified by Council Secretary
Sy:
Approved by Mayor, � �Date C• `
By:
Form AppTOVed by City Ak�o�ney (�
j f � � i
aY. � \ _
Approved�fy Mayor for Submission to
by Director, office of Financial Services
By:
Adopted by Council: Date ��-�� a� ��U3
�3�4�31�
ATTACHMENT A
Fund 930 City Sales Tax Capital Projects Pund
P7-930-90306-0547-77992
Neighborhood Investment Initiative - Ward 2
P7-930-903�6-0547-77993
Neighborhood Investment initiative - Ward 3
P7-930-90305-OSA7-77701
Mann Theaters
P7-930-90310-0547-71525
P7-930-90309-0547-71525
Highland Theater Preservation
Cuaent
Budget
$277,916.96
$164,Q19.QU
$0.00
$75,000.00
$0.00
Net Change
Change
($50,000.00)
($763,270.00)
$213,270.00
($75,000.00)
$75,000.00
$0
Amended
Budget
$221,916.96
$749.00
$213,270.00
$0.00
$75,000.00
03 �t l�
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
PE — Planning 8c Economic Develapment
Contact Person 8 Phone:
Dan Smith
266.658I
Must Be on Councii Agenda by (Date):
Date initiated:
12-DEC-03
y
Assign
Number
For
Routing .
Order
Green Sheet NO: 3009075
DeoarhneM Sent To Person .. .
0 laonin & wnomic Devel Jud I.tsc
1 lannin & Economic Develo De artment Directo
2 inancial Se 'ces �ce Financial Se '
3 i Attome
4 or'sOffce a or/Assistant
5 ouncil Ci Council
6 i Clerk Ce lerk
Total # of Signature Pages _(Clip All Locations for Signature)
Action Requestetl:
Aufhoizing a loan of $213,270 from the Neighborhood Inveshnent Iniriative Pro�am to the Highland Grandview Limited Partnership
idaflons: Approve (A) or Reject (R):
Planning Commission
CIB Committee
Civil Service Commission
Personal Service Contracts Must Answer the Foilowing Questions:
1. Has this personffirm ever worked under a contract for this department?
Yes No
2. Has this person/flrm ever been a city employee?
Yes No
3. Does this person/firm possess a skiil not normally possessed by any
curzent city employee?
Yes No
Explain ali yes answers on separate sheet and attach to green sbeet
Initiating Problem, Issues, Opportunity (Who, What, When, Where, Why):
Advantaqes If Approved:
,DisadvantageslfApproved:
DisadvanWges If Not Approved:
7otal Amount of
Trensaction:
Funding Soarce:
Fi nancial Information:
(Expiai�)
��v CosURevenueBudgeted: y
Activity Number: � � �r � �
oL M-e_�
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