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238796 1�. .� t � 9 :LEKK �' , •' + CITY OF ST. PAU COUNCIL N� �� ' OFFICE OF THE CITY LERK FILE � �'' U CIL OLUTION—G ERAL J � AT � WHE REAS, the Housing n Re ve ent Authority of � - the City of Saint Paul , Min.n. ota (herein called the "Local Public Agency" ) proposes to enter into an Early Land Acqui- sition Loan Contract (herein called the !'Contract" ) for . financial assistance under Title I of the Housing Act of �949, as amended (herein called "Title I" � with United . States of America (herein called the '�Government" ) acting � by and through the Department of Housing and Urban Develop- ,� ment $ecretary (herein called the "Secretary" )�.�pur�uant ^�`��`` to which Federal funds would be provided for Early�,and , Acquisition ' and related activities..in connection wi�h � an UY�}ban Renewal REdE•�r�lopment Pro;,�.ect (herein called the "Project" ) idEnt;ified'�as , the "Summ�it-University Urbap. Re- newal Project' Minn. R=47, '� situated��iri. the Summit-Un�versity Urban Renewal .�r-ea�; located in the �City of Saint Pau�, � Minnesota,' described in the exhibit attached hereto, marked _ F "Exhibit A" and made a.part hereof �y`�reference (herein called the� "Urban Rene�al Area�� ) ; and •�:� � � ._ , � ; WHEREAS, the Council of the City of Saint Paul, Min.n;esota, (hereinafter referred to as the "Council") • upon application of the Local Public Agency for approval .�.,:� � .• of Redevelopment �PTan_ for .Summi_t-IInivers.ity_ Pro j.ect dated ` ApriFl,t ig68, which 'application included an egplanation of "� ;°`;' the program; copy of the Redevelopment Plan, copy of the Project Eligibility R�port, copy of the Relocation Plan, copy of the Finaricial Plan;, copy of the certified minutes of the Gity Planni°ng Boa�rcl. regarding approval of the Redevelopment Plan, . and certified copy of the Resolution of the Local Public AgEncy approving the aforesaid plan, and afte.r a public hear•ing ' in the manner required by law, did approve thE ,Redevelopment Plan for Summit-University Urban Renewal 'Area dated December 26, i967, and detexmined upon the "�feasibility of relo�ca�i�nz� a�d financing of the aforesaid project; and . ,� 'W�A�S�� '��??a.�� s��bm'i�t-e�d-b�t-�L-oe-a3 COUNCILMEN , � Adopted by the Council 19_ Yeas Nays a� �0 PPROV D •/ � Carlson � ` Dalglish Ass . Corporation Counse Approved 19-__ Holland _��Favor Meredith � ' • Mayor Peterson ' Against � , � Tedesco Mr. President, Byrne '� �O � ' . � . DUlLICAT�TO TRINTER • �J�� ;; CITY OF ST. PAUL F,OENCIL N�,. � 4:. OFFICE OF THE CITY CLERK COUNCIL RESOLUTION-GENERAL FORM PRESENTED 6Y COMMISSIONER �ATF W�REAS� the Housing anct Redevelopment �luthority of the City of Saint Paul, Minnesota (herein ealled the "Local Publio hgency") propoaee to enter into an Ear1y Lan.d Aoqui- sition Loan Contract (herein called the ��Contract") �or finaneial asaistanQe under Title I o� the Housing AQt �f 1949, as amended (herein oalled "Title I") with United States of Amerioa (herein aalled the ��f�overnment") acting by and through the Department of Housing and Urban Develop- ment Seoretary (herein Qalled the '�Secretary'�)ipursuant to whieh Federal funds would be provided �or Early Land Acquisition and related aetivitiee in conneation with • an Urban Renewal Redevelopment Pro�ect (herein called the "Pro�eot" ) identified ae the "Summit-IIniversity IIrban Re- newal Pro�eQt Minn. R-47, �� situated in the Summit-University IIrban Renewal Area, loaated in the City o� Saint Paul, Minneso�a, deecribed in the exh�bit attaehed hereto, marked "F�shibit A�� and made a part hereo� by referenee (�Y��erein called the ��Urban Renewal Area��) ; and WHEREAS� the Counoil o� the City of Saint Paul� Minnesota (hereinafter reterred to as the '�Council"} upon appllcation of the Looal Public Agenoy for approval of Redevelopment Plan �or Summit-University Pro�ect dated April, i968, whieh application inoluded an e�p].anation of the program, eopy of the ftedevelopment Plan, oopy o� the Pro�eot Eligibility Report, oopy of the Relocation Plan.� copy of the Financial Plan, copy of the certi�ied minutee of the City Planning Board regarding approval o� the Redevelopment Plan, and oerti�ied copy o3 the Resolution o� the Loa al Publie Ageney approving the aforesaid plan, and after a public hearing in the manner required by law, did approve the Redevelopment Plan for Summit-Univera3.ty IIrban Renewal Area dated DeQember 26� i967, and determined upon the �easibility of �.elocation and Yinanaing o� the ��oresaid pro�eat; and WHEREAS, the Finan.Qial Plan submitted by the Loc al COUNCILMEN Adopted by the Counci� 19— Yeas Naya Carlson Dalgliah Approver� 19___ Holland Tn Favor Meredith Peterson Mayor Tedesco A gainst Mr. President, Byrne �O � • ' � ' e-�� , t . � ' r�� _ Page 2. ' WHEREAS, the Financial Plan submitted by the Local Public Agency in connection with its aforesaid application for approval , � of the Redevelopment Plan, as a means of interim financing of the unclertakings under said ftedevelopment Plan, did propose the entry by said Agency with United States of America into a con- tract providing financial assistance �or Early Land Acquisition, a Demonstration Rehabilitation Program, relocation activities , , property disposition, and other related activities , and the applicable provisions of Title I provide that "no loan for such purpose shall be made unless � � � the governing body of the Locality � � � shall have approved by resolution the acquisition of real property in the urban renewal area" ; and WHEREAS, Title I also provides that the "administrator may � � � permit any structure so acquired to be demolished and removed, and may include in any early land acquisition loan the , cost of such demolition and removal , together with administrative , . � relocation, and other related costs and payments , if the approval of the Local governing body extends to such demolition and removal" ; and , WHEREAS, Title I also provides that "the loan contract shall pro�ride that a local Public Agency shall not dispose of an.y such real property (except in lieu of foreclosure ) until the local governing body of the Locality involved shall have either approved the urban renejaal plan for the project or con- sented to the disposal of such real property)" ; and _ . WHEREAS, in connection with the application of the Local Public Agency for Redevelopment Plan approval an d the approval '. � thereof by this Council , proposals for relocation and information and d.ata respecting said proposals prepared by the Local Public Agency as a result of studies , surveys and inspections , and upon the general knowledge of the members of the Council , and after � careful consideration of the foregoing, approval was given to � the feasibility of the Relocation Plan ' in said application presented; and . WHEREAS, Title I further prohibits any loans from being � made for the purposes of Early Land Acquisition unless "Either (A) the Administrator shall have determined that such loan is reasonably secured b� a first � mortgage or other prior lien upon such real property or is otherwise reasonably secured, or (B) the � governing body of the Locality shall have assumed - the responsibility to bear any loss that may arise . as a result of such acquisition in the event that the property so acquired is not used for urban . renewal purposes because the urban renewal , plan for the project does not approve , oris amended to omit . any of the acquired property, or is abandoned for �, any reason. " �= < �� . Page 3• . . Now, Therefore , be it . RESOLVED, By the Council of the City of Saint Paul , Minnesota, as follo.ws : 1. That it hereby approves the acquisition of real property in the Urban Renejaal Area . covered by the Redevelopment Plan for Summit- IIniversity Urban Renewal Area dated December ' 26, 1g67, and by the application by the Local . Public A;ency for an Early Land Acquisition � Loan Contract. - • 2. That it also approves the demolition and removal of any structure acquired with �inancial assistance provided under the con- tract and the inclusion in the Early Land Acquisition Loan of funds sufficient to cover any costs of any such demolition or removal, together �aith the administrative , . � relocation, and other related costs and payme nt s . , . 3. That the disposition of real property acquired with financial assistance provided under the contract�, in accordance, wi th the provi si ons of the Redevelopment Plan for Summit-IIniversity IIrban Renewal Area Project Min.n. R-47, is hereby approved and 'consented to by this Council. 4. That it is hereby found and' determined and redetermined that the objectives of the Redevel- opment Plan, ara heretofore approved, cannot be achi�eved through rehabilitation of the properties in the urban renewal area to be acquired under the proposed contract for Early . . Land Acquisition Loan, and that such acquisi- tion is necessary to arrest the furthe r spread • o� blight and deterioration within the project area, and accomplish other Redevelopment Plan � objectives permitting the extensive rehabilita- � • tion and conservation of prc�perties saithin the . • project area not to be acquired under the � Redevelopment Plan and Contract. 5. That it is hereby found and determined and redetermined that the proposals of tlie Local . Public Agency for the proper relocation of S • � • � . • � ' Fr�(��.�� Page 4. families which may be displaced in carrying out � Early Land Acquisition and related activities in connection with the project in decent, safe , and sanitary dwellings are feasible , and can be rea- - sonably and timely effected to permit the proper � carrying out of such activities ; and that such dwellings or dwelling units available , or to be ' made available , to such families are at least equal in number to the numbe.r of families that may be displaced, are not generally less desirable in re gard to public utilities and public and com- mercial facilities and the dwellings of such families , are available at rents or prices within their financial means , and are readily accessible to their places of employment. � 6. � That it agrees to assume, an d does hereby assume , the responsibility to bear any lo�s that may arise , .._..`a,s a result of the acquisition of land and the undertaking o� related activities with financial assistance provided under the contract in the event ' the property so acquired is not used fo r urban � . renewal purposes, because either the Redevelopment � Plan for the project is amended to omit any of the acquired property, or is abandaned for any reason; ! - that this Council further represents that it will enter into a formal agreement with the Local Public Agency, in form and substance satisfactory to the _ ,______ _ _ Secretary_,._,a co�y_ of which agreement entitled ��"Cooperation Agreement Respecting Loan under ; Section 102(a) of Title I, Housing Act of 1949r � As Amended, to Undertake Redevelopment Project � i Activities -in. Summit-Un.iversity Urban Renewal ; Area" between the Local Public Agency and the City of Saint Paul having been presented to and considered at this meeting and is hereto attached, . under which Agreement the Council specifically � . ..assumes the obligation to pay to the Government upon demand any loss sustained by the Government under its contract with the Local Public Agency and which Agreement by its terms is assignable � to the Government upon request ; and it does hereby . i further authorize and direct the execution of the � aforeSaid Agreement for and in behalf of the City ' ; of Saint Paul by the proper officers of the ; Locality as authori zed by lasv. , � 7. That the Executive Director of the Local Public � Agency is hereby directed to make monthly progress , I � , 1 . i - � � � � � � � ,�1� DUPLICA76 TO r131NT[R . � /r,�� • CITY OF ST. PAUL couNCi� '` �`��' � OFFICE OF THE CITY CLERK FILE NO. COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY COMMISSIONEfL DATF Page 5. reports to the Council re�peating the early land acquisition activities and to cause reports o� the Rehousing Advieory Committee ta �ne made on a monthly basis, said reporta to be made and- pre– aented commeneing June 4, ig68, and on the �irst Tuesday of eaeh month thereafter. MAY 2 8196$ COUNCILMEN Adopted by the Counci� 19— Yeas Nays (i�AY 2 � 196� --Gar�� Dalglish � Approved 19—_ Tn Favor Meredith � Peterson Mayor Tedesco A gainst Mr. President, Byrne �O " • � ' _ . • � - - t� •i ,� _ . ..-��_..�- ' ' ' • . . . � .. .. . _ . : • • :. , ..._._. - .. -' ..��11��1Y ` �� V Beginning et the point o£ intersection of the eastern right-of-way line of � Western Avenue with the projected northern right-of-way line of the alley . between Sherburne Avenue and University Avenue, then westerly along said , " projected line of the alley to the point of intersection with the western ' right-of-way line of Lexington Parkway, then southerly along said line to the poinC of intersection with the southern right-of-way line of the alley between Portland Avenue and Summit Avenue, then easterly along said line to the point of intersection with the eastern right-of-way Iine of Milton Street, then northerly along said line to the point of intersection with the southern right-of-way line of Portland Avenue, then easterly along said line to the point of intersection with the western right-of-way line . of Victoria Street, then southerly along said line to the point of inter- section with the southerr� right-of-way line of Portland Avenue, then . easterly along said line to the point of intersection with the western ' right-of-way line of St. Albans Street, then southerly along said line to the southern right-of-way line of the alley between Summit Avenue and ! Grand Avenue, then easterly along said line to the point of intersection ' � with the eastern right-oP-way line of Oakland Avenue, then northerly i � along said line to the point of intersection with the projected line of the southern right-of-way line of the alley between Summit Avenue and Grand ' Avenue, then easterly along said projected line to the point of inter- section with the eastern right-of-way line of Summit Court, then northerly along said line to the point of intersection with the southern right-of- way line of Summit Avenue, khen easterly along said line to the point of intersection with the southern right-of-way line of Ramsey Street, then easterly along said line to the point of intersection with the eastern right-o£-way line of Western Avenue, then northerly along said line to the point of intersection w�th the southerri right-of-way line of Irvine Avenue, then northeasterly along said line to the point of intersection with the � northeastezly right-of-way line of vacated Walnut Street, then north- westerly along said line to the point of intersection with the south- easterly right-of-way line of Suam►it Avenue, then northeasterly along said • line Co the point of intersection with the projected northern rigtit-of-way line of Dayton Avenue, Chen westerly along said line to the point of inter- section with the eastern right-of-way line of vacated Cathedral Place, then northerly along said line to the point of intersection with the northern right-of-way line of Marshall Avenue, then westerly along said line to the point of intersection with the eastern right-of-way line of Western Avenue, then northerly along said line to the point o.f intersection with the north- ern right-of-way line of Marshall Avenue, then westerly along said line to the point of inters�ction with the easterly right-of-way line of Arundel Street, then northerly along said line to the point of intersection with the southern right-of-way line of Concordia Avenue, then southeasterly along said line Co the point of intersection with the eastern righC-of-way line of Western Avenue, then northerly along said line to the point of intersection with the northern right-of-way line of the alley between Sherburne Avenue and University Avenue which is the point of beginning. � � Exhibit A ` - , 2��'�9� qUADRUrLICATE TO D`ARTM,G� � � CITY OF ST. PAUL FIOE NCIL NO. : OFFICE OF THE CITY CLERK COUNCIL RESOLUTION—GENERAL FORM PRESENTED sY COMMISSIONER �ATF �RI�1S, t�e �tou�ing ,�nci ��n�lopa�a� �.�tho�r�� a� t�� +�tt�► at 5��,� ��,ul i l�inn��+�� Iavx�Q�.n c�1�Qc� �C�te �I�do�l �'�b�.��a �'s�qua��E� �p�a,�c�� ta aata� in�o �az� r:�sx�.y� �an� Ar�qu��- �t�.��i►z� L�A �c�x�ta�aq� (#�oxe�� QaT3ed �t�a "Caxttr��) ��3� ��n�cua�a� a��f�tu�ai�� 1ae�t��^ ��t�.c� � o� tta� ��ou�a�.�� •�c�t of 3'��a9� aa AA��c�dc� (t��x��n �z��.�d �►T��v �R'y ��th �tnit�►c! . St�ta�s� o� ��iQA (hex�e�ri v��d tha "�r�vernmaa�i') aating Zxy �auc� t�ar��t �Ch� Tl��ar�a4n.t o� �i�►u�a�.ag �td �Jr�i�n� .i�v+�log– u��nt St�axa�nx•y� �h$r�i� n��d t�� Svc�retary"){pursut+n� to ��ri#a� �€�do�~a�. �'unQ+� �taultt �hc� ��r�q�dad �a�r �axly .�r� �iQ��R�.B�.'��.QI� �� '�QltitQ$ i�t3'��.Y�t�.C!$ �.Xt �RA�13BQ��.Ox1, �4�.$� � Uxbt�r� �tt�na��l i�ade�ve3op��mt F�r�c�et (h�a��xr va�xle�3 tb� HPxo�p�t") i€��x��.#�.�d s� t�e �St�mmi�-►Univ�rsi�6y IIrban� �te-i �a�#�xi ��o,�oo� �f�nm. �-�7�,a ��ti��+� in �t�� Su�tait–�3�tivr�re�.ty �'r�an ��n4wm1 �rc��x, �,r��te� in th� Git�r �p st�3�t �au�, Ai9��n��o;�ti� $esa�rf'bed ia t�� aahib;tt ae�t$obo@ �x��o� �arkod "��.b.�t A" � �aa�o a� p�axt f��vf b� re�eranat� (�heref.n Q�11ed t� �Uarl�� i�o�.vwai ��r��j ; +anci �� th� Cc►unai� �t th� �i�� ' Sain� Pau1* �si,�n4��t�� (��re�in�fte� �ca�f��r�� a a� �hc� �'C�wnQi3;"'} upon €��p�ie€�tion o� the �aoai �'ub��a 1�$6aa�r �or ap,�roval c�� ev�l�pm$�t �Iz►n �ar �u�3�t�IIni��rsitg� �ro��a� c�ated �lp��i, 3��f3� �t3.Qh Qppllar��e�x �.naluc�md an o�plu�stior� o� t�e pro�s��a, at�p�� o� t�A I�c�c�erral��r�QUt P�.�, �o�y o� the Pro�+os�� Eii�f��.1�ty �opc�rt,_ oo�y �� tx� �delotiat�o�t Pl�� ppy of ��i� Fiz�anaial F].s�� vopy +�f t�� c��t�.fi�d �ni�►utc�a Q� tke Cit�t Plants�ng �+oA�d x+�ggrdl�tg agp�ro�ral +�� t� ROd�va�apm�zit �lm.n, �n+d oe�ti�3�d t�pgy 4� t�a �esctYttt�.�u o�' Lhe Loaal Put�li� Agc�$Qy appro�i�g th� a�ore�a�d pl�n, ��►t� t��'�� p�,bltc� �e�►r�.�t� in `�� t�t�t��' x'8cguit'�d by l8af �t�c� opprt�v+� �L�►v ��ovv�apmsa� ��ar� �'o�r ��t–Ur�i.vQx�sity IIr��n �na�,�1 �x�� d��od D000mbe� 26� i96�; anc� �o�c�t�n�.�ed up�n t�o Y��bilf��r af' �elboatia� i�d �i�t�sc��ng o�` �he a�aro��tid �xa,�eo�� "i��F.�1�� thv �'iT3t�1t3�a1 I'�.#z�► d�b�t�LiGt�d by tta�. I,��s►t�1 COUNCILMEN Adopted by the Council 19— Yeas Nays Carlson �Dalglish Approved 19—__ Holland Tn Favor Meredith Peteraon Mayor Tedesco A gainst Mr. President, Byrne �O . � • � ' • ' �r��`?� Page 2. .� WHEREAS, �the Financial Plan submitted by the Local Public Agency in connection �aith its aforesaid application for approval of the Redevelopment Plan, as a means of interim financing of the undertakings under said Redevelopment Plan, did propose the entry by said Agency with United States of America into a con- tract providing firiancial assistance for Early Land Acquisition, a Demonstration Rehabilitation Program, relocation activities , property disposition, and other related ac�tivities , and the applicable provisions of Title I provide that "no loan for such purpose shall be' made unless � � � the governing body of the Locality � � � shall have approved by resolution the acquisition of real property� in the urban renewal area" ; and • i . - WHEREAS, Title I also provides that the "administrator � may � -� � permit any structure so acquired to be demolished and removed, and may�,, include in any early land acquisition loan the cost of such demolition and removal, together with administrative , ---relocation, and other related costs and payments , if the approval of the Local governing body extends to such demolition and removal" ; - - �and WHEREAS, Title I also provides that "the loan contract shall pro�vide that a local Public Agency shall not dispose of any such real property (except in lieu of foreclosure ) until - the local go verning body of the Locality involved shall have either approved the urban renewal plan for the project or con- sented to the disposal of such real property)" ; and WHEREAS, in connection with the application of the Local _ Public Agen� for Redeve�ogpn_�nt_.P_lan._.agproval _and the approval thereof by this Council, proposals for relocation and information and data respecting said proposals prepared by the Local Public Agency as a result of studies , surveys and inspections , and upon the general knowledge of the members of the Council, and after careful consideration of the foregoing, approval was given to the feasibility of the Relocation Plan ' in said application presented; and � � -- - - -WHEREAS, Title I further prohibits an.y loans from being � made for the purposes of Early Land Acquisition unless � "Either (A) the Administrator shall have determined that such loan is reasonably secured b� a first mortgage or other prior l.ien upon such real �property , . � or is otherwise reasonably secured, or (B) the , governing body of the Locality shall have assumed the responsibility to bear any loss that may arise . - ---- --------as a resu�t of such acquisition in the � event that the property so acquired is not used for urban renewal purposes because the urban renewal plan for � the project does not approve, oris amended to omit any of the acquired property, or is abandoned for � any reason. " � •r ' • ' , � f • _ /�r� j� \� F��J V a l.: Page 3. � � . Now, Therefore , be it RESOLVED, By the Council of the City of Saint Paul, Minnesota, as follows : 1. That it hereby approves the acquisition of . real property in the Urban Renewal Area covered by •the Redevelopment Plan for Summit- University Urban Renewal Area dated December 26, 1967, and by the application by the Local Public Agency for an Early Land Acquisition Loan Contract. 2. That it also approves the demolition and removal of any structure acquired with financial assistance provided under the con- � �A� tract and the inclusion in the Early Land Acquisition Loan of funds sufficient to _�"rLcover any cos�ts of any -such demolition or removal, together with the administrative , - , � relocation, and other related costs and payments . , 3. That the disposition of real property acquired with financizl assistance provided under the contract, in accordance wit� the provisions of the Redevelopment Plan for Summit-University IIrba.n Renewal Area Project Min.n. R-47, is � ---- -�•--- Yrereby--�approved - and- consented to by this Coun.cil. , 4. That it is hereby �ound and determined and redetermined �that the objectives of the Redevel- opment Plan, a� heretofore approved, cannot be achieved through rehabilitation of the . properties in the urban renezual area to be � � acquired under the proposed contract for Early . � �� `Land��Acquisition Loan; and that such acquisi- tion is necessary to arrest the further spread of blight and deterioration Saithin the project area, and accomplish other Redevelopment Plan _ objectives permitting the extensive rehabilita- � tion and conservation of properties within the . project area not to be acquired under the Redevelopment Plan and Contract. 5. That it is hereby found and determined and redetermined that the proposals of the Local Public Agency for the proper relocation of r . � n � , . w' / 2�� °� Page 4. • • families which may be displaced in carrying out • Early Land Acquisition and related activities in connection with the project in decent, safe , and sanitary divellings are feasible , and can be rea- - sonably and timely effected to permit the proper carrying out of such activities ; and that such �dwellings or dzaelling units available , or to be made available , to such families are at least equal in number to the number of families that may be displaced, are not generally less desirab�le in re gard to public utilities and public and com- • mercial facilities and the dwellings of such families , are available at rents or prices within their financial means , and are readily accessible to their places of employment. 6. That it agrees to assume , and does hereby assume , the responsibility to bear any lo�s that may arise as a result of the acquisition of land and the undertaking of related activities with financial assistance provided under the contract in the event ' the property so acquired is not used for urban renewal purposes , because either the Redevelopment Plan for the project is amended to omit any of the acquired property, or is abandoned for any reason; that this Council further represents that it will enter into a formal agreement with the Local Public . Agency, in form and substance satisfactory to the , Secretary, a copy of which agreement entitled � "Cooperation Agreement Respecting Loan under Section 102(a) of Title I, Housing Act of i949, As Amended, to Undertake Redevelopment Project �� Activities in Summit-University Urban Renewal Area" between the Local P.ublic Agency and the . City of Saint Paul having been presented to and considered at this meeting and is hereto attached, . under which Agreement the Council specifically assumes the obligation to pay to the Government upon demand any loss sustained by the Government un.der its contract with the Local Public Agency and which Agreement by its terms is assignable to the Govern.ment upon request; and it does hereby �urther authorize and direct the execution of the a�oresaid Agreement for and in behalf of the City oY Saint Paul by the proper officers of the ' Locality as authorized by law. , � - 7. ' That the Executive Director of the Local Public • Agency is hereby directed to make monthly progress �r . , ` ' I - ' � - � . 9 :� . . � t . �2.� - b' � - RESOLUTION N0. 68-5/1�+-.3. RESOLUTIOiV APPROVIi•�G CCOPEF.ATI�OtiT AGR�E��NT • RESP�CTII�G LOAii Ui�7E� S�CTION 102(a) OF TITLE I, HOL'SI\G ACT OF 1949, AS AZ•I�tiDLD, � TO U��I'.T�1kE nEBEVELOPi�t:s'iat PROJECT ACTIVITIES IN SUi•�•fIT-UNI�IERSITY URBa�1 RENEr.T�1L A?,F;t1 • WHER�AS, the �iovsing and P,edev�Iopment Authority of the City of Saint Paul, 2•iinnesota has determined that the Sunmit-University Area, located in the City of Saiat Paul, tlinnesota, is a blidhted, deteriorated and deterior�ting area and app�oved a Redevelopment P1aa for said area providing for ttie elininution of blight and *_iie nndertalcing of a rehabilita�ion and conservation project with Federal financial assist- ance; �nd - • - WHEREr1S, the AutFiority has obtain�d financial assistance from tFie Uni.ted Statcs of America under Title I of the Housir.o Act of 19�f°, as arended, to undertake surveys and -plans for the Su�;�mit-Univ�rsity Urban Rene�•�al Area Project Aiinn. R-�7, and has prepared and approved a Redevelopment. Plan I'or Summit-University ::rea, dated Dec�s�ber 26, 1967, provid�ng a re�iabilitation and conservation project including th� acquisition of substandard properties and de�nolition of the s�ructures thereon, acquis�tioa oL � properties �or rehabilitation, relocation of site occupants, rehabilitati.on of pro�er- ti.es not to be acquired, assembly and disposi.tion of acquired property ,to provide sites • for construction of ne�•� .housin� and public facilities and provision o:: public ir�iprove- ments; �nd j�THER�,S, the Authority has determined that the conditions ot blight ancl deteriora- tion existin� in the Sur:lmit-University Urb2n Renetaal �rea nre detr.inler.t21 to the heal�h, safety, morGls and ��rel{are of the conmunity anci t'nat the elimination of such conlitior.s of deterio;:ation ar_d blight can only be accomplished by governr,:ental assistancc to be in part obtained by a Federal grant under Section 103, Title i: of the FIousir.� Ac� �i 1949, as arnended, and furelier determined t�:at the lenoth of t�me necessa.ry to pr.epare, process zncl obtain �overn:�e�tal ap�roval for s«ch �rant �aas sucti ttia�, ic ��as r�ecess«ry � to make a�plicati.on for a rederal loan under Section 102(a) of titl.e I of ��e afor�- said Act in the �mount of $7,949,111.00 to the Aut�ority to acqui.re and den:olisn st:b- . stanaar.d blighted properties zr,1 to undertal;e acquisition of certain prof�erti�s for. rehabilitation in order zo de�onstrate ieasibility of a renabilitation and cor,s�r;Jati.on pro�r2r�1 an�l provide a relocation resource for clisplaced familzes durin� et-�e pariod oi preparation, reviei•* and ap��roval of the �tailt apoLication in order to prevent tlie £urther spread of blioht ai:d deteriora�ioa i.n t�►e F!-oject Arca durin� such �i:,;e; ancl � jdH�RE_AS, a condition ef a loan und�r Secti.on 102(a) of the afores��ic1 Act is that tt�e oc�vernin; body oI the locality shall have assu►r.ed thz responsi.bilit.y Lo be�:r anj� loss Lliat *��ay �ri.se as ti�e reSUJ.t o� sucti pr.op•�rty acquisition in the even;: eheit ttie property so acquir.ed is r.ot usec; for. urban renew�l . purposes because ttle redeve].o�; �nt plan for ttie project is r_o� approvecl, or. is ar�eiided to or��zt any of the acq�iired gr:ope�c;�,� . or is auandoned for any rcason; and . . i , �. . _ - � � � � , . � . . �� WH�REAS, it is necessary and in the sound interest of the community and otherwise benet-icial and ad�antaoeous for the City to cooperate with the Authority in carrying out the Project to the end that deleterious conditions in the Project rlrea be renoved and that the Project Area be redeveloped in accordance �•rith the objectives of the Redevelopment Plan thereby contributing materially to the �aell-beino, progress and , developT�nt o£ the comriunity as a �ahole; and ' TdfiEREAS, under its general po�aers and under Section 35, Chapter 487, Laws of , � Minnesota T947 , as ar�ended, the City is empot•�ered to cooperate �•�ith the Authority to undertake a redevelopn:ent pro�ect, including among other, things the power to p2y the obligations of the Authority or mal:e �oans and contributions for suci� projects and enter into agreements with the Authority respecting actions to,be talcen by the City. • NOj•1, THEREFORE, BE IT RESOLVED, by the Housino and Redevelopment Authority of the City, of Saint Paul, rlinnesota that that ceriain document, entitled, "Cooper2tion Agreement Respectinj Lozn Under Section ].02(a ) of litle I, Housin� Act of 1949, As Amended, To Undertalce Redevelopatent Project Activities Iii Summit-University Urban Rene�•�al Area," bet�aeen the Authority and the City of Saint Pau1, Pfinneso�a, a copy of which is hereto anner,ed as E:{hibit "A" , providing for certain underta?:ings by the Authority and �he City respectin; the project activities to be carried ouL- by tiie Authority under the aforesnid Section 102(a) Loan and the undertaking of the said City of Sai.nt Paul to assut:�e responsibility for any loss that �might arise to the United , States of Am�rica by reason of said activiti�s in event of the occurrence of any oi the conditions in said ?�ree�ent racited, is hereby approved and the proper officc:rs o£ the Authority arc hereby authorized on behalf of tre Authority to e�ecute the said Coopzra- tion Agreement, � . - � .. . qUADRUrLICATE TO D;PARTlA6NT V a ' CITY OF ST. PAUL FIOE NCIL N0. 23�� OFFICE OF THE CITY CLERK COUNCIL RESOLUTION—GENERAL FORM PRESENTED 6Y COMMISSIONER DATF ��1�� j• r�,�ox�ta ta �th� Coiu�ail repp4r��igg t2�a �ar�y land eQquie�tie�� ac�t�v�.tise ena� to o�ue�e repQ��e o� L�,s� �t�hous�,n� �dv�e��,r Commit�Qe t,� �a ma8e on � ffio�n��ly b��e, eaid �aport8 to bo a�a8o g�sl prc�— a�ntec� oa��noi�g J�no �y �968, a�nd r�n thQ ��.x�t �'u��dr�� e�t o�a�► muntla t��xa��ft�x. MAY 2 8 1968 COUNCILMEN Adopted by the Council 19— Yeas Nays . (��j' �$ 196$ tiarlsen-�—_,. Dalglish Approved 19�_ �,.,�� Tn Favor Meredith , Peterson Mayor Tedesco A gainst Mr. President, Byrne �O � ' . ' • - - t' '4 .. _ . . _...___'_" _. ' , , - ` �' ' . � -- - ' ' � - : - /�� E C3�� --- -- :.�s.'...., �C.y Beginning at the point of intersecCion of the eastern right-of-way line of Western Avenue with the pro�ected northern right-of-way line of the alley between Sherburne Avenue and Un�versity Avenue, then westerly along said projected line of the alley to the point of intersection with the western right-of-way line of Lexington Parkway, then southerly along said line to the point of intersection wiCh the southern right-of-way line of the alley between Portland Avenue and Summit Avenue, then easterly along said line . to the point of intersection with the eastern right-of-way line of Milton Street, then northerly along said line to the point of intersection with the southern right-of-way line of Portland Avenue, then easterly along said line to the point of intersection with the western righC-of-way line of Victoria Street� then southerly along said line to the point of inCer- . section with the southern right-of-way line of Portland Avenue, then • ' easterly along said line to the point of inCersection with the western . right-of-way line of St. Albans Street, then southerly along said Iine to , the southern righC-of•way line of the alley between Summit Avenue and Grand Avenue, then easterly along said line to the point of intersection with the eastern right-of�-way line of Oakland Avenue, then northerly � along said line to the point of intersection with the projected line of the • southern right-of-way line of the alley between Summit Avenue and Grand � Avenue, then easterly along said pro,jecCed line to the point of inter- section wtth the eastern right-of-way. line of Summit Court, then northerly ' along said line to the point of intersection with the souChern right-of- way line of Summit Avenue, then easterly along said line to the point of � intersection with the southern right-of-way line of Ramsey Street, then eastexly along said line to the point of intersection with the eastern I right-of-way line of Western Avenue, then northerly along said line to the r � point of intersecCion with the southern right-of-way line of Irvine Avenue, then northeasterly along said line to the point of intersection with the I northeasterly right-of-way line of vacated Walnut Street, then north- westerly along said line to the point of intersection with the south- i easterly right-of-way line of Summit Avenue, then northeasterly along said • line to the point of intersection with the projected northern riglit-of-way ��- �--line of Dayton Avenue, then westerly along said line to the poinC of inter- ! section with the eastern rfght-of-way line of vacated Cathedral Place, then ! � northerly along eaid line to the point of intersection with the northern righti-o£-way line of Marshall Avenue, then westerly along said line to the point of intersection with the eastern right-of-way line of Western Avenue, then northerly along said line to the point af intersection with the north- ern right-of-way line of Marshall Avenue, then westerly along said Iine to the point of intersection with the easterly right�of-way line of Arundel � - Street, then northerly along said line to the point of intersection with the southern right-of-way line of Concordia Avenue, then southeasterly along said line Co the point of intersection with the eastern right-of-way line of Western Avenue, then northerly along said line to the point of interaection with the northern right-of-way line of the alley between . Sherburne Avenue and University Avenue which is the point of beginning. I - . • . . Eghibit A � � � ' ; . •- ' ° �� . , � Page 2. WHEREAS, the Financial Plan submitted by the Local Public Agency in connection with its aforesaid application for approval of the Redevelopment Plan, as a means of interim financing of the undertakings under said Redevelopment Plan, did propose the entry by said Agency with United States of America into a con- tract providing financial assistance .� �or Early Land Acquisition, a Demonstration Rehabilitation Program, relocation activities , property disposition, and other related activities , and the applicable provisions of Title I provide that "no loan for such purpose shall be made unless � � � the governing body of the= Locality � � -� shall have approved by resolution the acquisition o� real propexty in the urban renewal area" ; and WHEREAS, Title I also provides that the "ad.ministrator may � � * permit any structure so acquired to be demolished and removed, and may include in any early land acquisition loan the cost of such demolition and removal, together with administrative , relocation, and other related costs and payments, if the approval of the Local governing body extends to such demolition and removal!' ; �,nd WHEREAS, Title I also provides that "the loan contract shall provide that a local Public Agency sh all not dispose of a.ny such real property (egcept in lieu of foreclosure ) until th�e local governing body of the Locality involved shall have � either approved the urban renewal plan for the project �r con- sented to the disposal of such real property)4!; ;and WHEREAS, in connection with the application of the Local Public Agency for Redevelopment Plan approval and the approval thereof by this Council , proposals for relocation and information and data respecting said proposals prepared by the Local Public Agency as a result of studies , surveys and inspections , and upon the general knowledge of the members of the Council , and after careful consideration of the foregoing, approval was given to the feasibility of the Relocation Plan in said application presented; and WHEREAS, Title I further prohibits an.y loans from being made for the purposes of Early Land Acquisition unless "Either (A) the Ad.ministrator shall have determined that such loan is reasonably secured b3� a first mortgage or other prior lien upon such real property � or is otherwise reasonably secured, or (B) the govern.ing body of the Locality shall have assumed the responsibility to bear any loss that may arise as a result of such acquisition in the event that the property so acquired is not used for urban renewal purposes because the urban renewal plan for the project does not approve, oris amended to omit any of the acquired. property, or is abandoned for any reason. " ' . ' _I ' e � . �r F ° ` !a�� I a � , Page 3. Now; Therefore , be it RESOLVED, By the Council of the City of Saint Paul, � ; ��•-. � Minnesota, as follows : " ,� 1. That it hereby approves the acquisition of • real property in the Urban Renewal Area ; covered by the Redevelopment� Plan for Sum.mit- �University Urban Renewal Area dated December 26, ig67 , and by the application by the Local Public .Agency for an Early Land Acquisition Loan Contract. 2. That it �}also approves the demolition:.:and removal of any structure acquired with financial assistance provided under the con- tract and the inclusion in the Early Land � Acquisition Loan of funds su�ficient to ' cover any costs of any such demolition or . removal, together with the administrative , - . � �relocation, and other related costs and payments . , _ - Y , _ -_;�,..,,.�,_,,,,q,...-_�.,..�-..r.�_;_ _ -.,. -�._. ., ; - � , 3:` That the disposition of real property acquired _ . , with financial assistance provided under the contract, in accordance wi th the provi si ons of the Redevelopment Plan for Summit-IIniversity Urba.n. Renewal Area Project Minn. R-47, is hereby approved and 'consented to by this Council. 4. That it is hereby found and determined and , redetermined that the objectives of the Redevel- opment Plan, ?:a� �eretofore approved, cannot be achieved through rehabilitation of the properties in. the urban renewal area to be acquired under the proposed contract for Early Land `fAcquisition Loan, and that such acquisi- tion is necessary to arrest the further spread of blight and deterioration within the project area, and accomplish other Redevelopment P7!an objectives permitting the extensive rehabilita- tion and conservati on of properties wi thin the �_ ' . J project area not to be acquired under the ' ;", • Redevelopment Plan and Contract. � 5 . That it is hereby found and determined and redetermined that the proposals of the Local , � Public Agency for the proper relocation of n +. : ' � _ , � ' � ``'1 - � �d�� . , � Page 4. families which may be displaced in carrying out Early Land Acquisition and related activities in connection with the project in decent, safe , and sanitary dwellings are feasible, and can be rea- sonably and timely effected to permit the proper carrying out of such activities; and that such dwellings or dwelling units available , or to be ' made available , to such families are at least �� equal in number to the number of famili�esd�that ` . • may be displaced, are not generally less desirable in. re gard to public utilities and public and com- mercial facilities; and the dwellings of such " families , are available at rents or prices within their financial means , and are readily accessible to their places of employment. 6. That it agrees to assume , an.d does hereby assume, , t}ie responsibility to .bear any lo�s that may arise � as a result of the acquisition of land and the undertaking of related activities with financial ,„, � , assistance provided under the contract in the event ` • , . '- the property so acquired is not used for urban � _ " renewal purposes�,�� because e�ither the Redevelopment -�°:� ' ' Pla� �for the project is amended to omit any of the � acquired property, or is abandoned for any reason; that this Council �urther represents that it will enter into a formal agreement with the Local Public � • Agency, in form and substance satisfactory to the ;. Secretary, a copy of which agreement entitled "Cooperation Agreement Respecting Loan. under Section 102(a) of Title I, Housing Act of 1949, As Amended, to Undertake Redevelopment Projecti Act�ivities in Summit-University Urban Renewal Area" between the Local Public Agency and the City of Saint Paul having been presented to and considered at this meeting and is hereto attached, � under which Agreement the Council specifically - assumes the obligation to pay to the Government upon demand any loss sustained by the Government under its contract with the Local Public Agency and which Agreement by its �erms is assignable to the Government upon request; and it does hereby further author.ize and direct the execution of the aforesaid Agreement for and in behalf of the Gity of Saint Paul by the proper officers of the Locality as authorized by law. 7 . That the Executive Director of the Local Public Agency is hereby directed to make monthly progress � - . j - � � � , ORiGIN%1L TO CITY CLERK • �r� � .��` CITY OF ST. PAUL COUNCIL �� i�c.9'1.J' � ` ~ OFFICE OF THE CITY CLERK FILE N�'• ' " �' COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY COMMISSIONER �ATF Page 5. .._: reports to the Council respecting the early land acquisition activities ancl. to cause reports of the Rehousing Advisory Committee to b,e made on a monthly basis , said reports to be made and pre— sented commencing June 4, 1968, and on the first Tuesday of each month thereafter. � � i�H l � � � � �-- � �� NiAY 2 8� 196� COUNCILMEN Adopted by the Council 19_ Yeas Nays �_ fi�AY 2 � 1968 Dalglish Approved 19—__ N��.,a Tn Favor Meredith ' Peterson � Mayor Tedesco A gainst Mr. President, Byrne 1 1968 �rs�� Jl�N �o . . � . . � _ • ' " l';` ' - • . � �._... _ � - � . � - � , . ` � . ' � .. _ . _ - � . . . -�-- .- - _:_ �_ _ _ ��--�� .. - , � �� - � � c.� �a��- � �� M � Beginning at the point of intersection of the eastern right-of-way line of + • Western Avenue with the pro�ected northern right-of-way line of the alley between Sherburne Avenue and Un�versity Avenue, then westerly along said �' projected line of the alley to the point of intersection with the �oestern ' right-of-way Iine of Lexington Parkway, then southerly along said line to the point of intersection with the southern right-of-way line of the alley � between Portland Avenue and SummiC Avenue, then easterly along said line to the poinC of intersection with the eastern right-of-way Iine of Milton - Street, then noreherly along said li.ne to the poine of intersection with the southern right-of-way line of Portland Avenue, then easterly along • said line to the point of inCersection with the western right-of-way Iine o� Victoria Street, Chen southerly along said line to the point of inter- section with the southern right-of-way line of Portland Avenue, then . � - easterly along said line to the point of intersection with the western _ � right-of-way line of St. Albans Street, then southerly along said Iine to - the souChern right-of-way line of the alYey. between Summit Avenue and Grand Avenue, then easterly along eaid line to� the point of intersection wiCh the eastern right-o�-way line of Oakland Avenue, then northerly � along said line to the point of intersection with the projected line of the � southern right-of-way line of the alley between Summit Avenue and Grand Avenue, then easterly along said projecCed line to the point of inter- section with the eastern right-of-way line of Summit Court, then northerly along sai ine to the point of intersection with the southern right-of- way li o Summit Avenue, then easterly along said line to the point of �! intersecti n with the southern ri ht-of-wa line of Ramsey Street, then , S Y �I easterly along said line to the point of intersection with the eastern right-o£-way Iine of Western Avenue, then northerly along said line to the point of tnterseGtion with tne southerri ri�ht-o_f=way line of Irvine Avenue, - then northeasterly along said line to the point of intersection with the � - northeasterly right-of-way line of vacated Walnut Street, then north- westerly along said line to the point of intersection with the south- easterly right-of-way line of Summit Avenue, then northeasterly along said i � line to the point of intersection with the projected northern rigtit-of-way � • line of Dayton Avenue, then westerly along said line to the poin� of inter- ( section with the eastern right-of-way line of vacated Cathedral Place, then � northerly along said line to the point of in�ersection with the northern � right-of-way line of Marshall Avenue, then westerly along said line to the point of intersection with the eastern right-of-way line of Western Avenue, � then northerly along said line to the point of intersection with the north- ern right-of-way line of Marshall Avenue, then westerly along said line to � ' the point of intersection with the easterly right-of-way line of Arundel • • Street, then northerly along said line to the point of intersection with the southern right-of-way line of Concordia Avenue, then southeasterly along said line to the point of intersection with the eastern right-of-way line of Western Avenue, thea northerly along said line to the point of � interaection with the northern right-of-way line of the alley between Sherburne Avenue and University Avenue which is the point of beginning. . I � - • . � . • . . Exhibit A j � . Pd��LI$NE9 . d�� 11�Q � � . � . . � _ � � i .� � � � . - - ( . . . . . ) i i �� . � �3 �?� � Ana Cod��I2 ��1TY a�,� THOMAS J�STEARNS 223-5121 �a y. 4 a JON R. DUCKSTAD ,�, N:i�y� 5 ARTHUR M. NELSON �m,�W:«a ti� JEROME J.SEGAL �.. THOMAS M. MOONEY ROBERT E.O'CONNELL JAMES W. KENNEY First Assistant CITY OF SAINT PAUL KENNETH J. FITZPATR�CK GER/�LD H.SWANSON DANIEL A.KLAS GORDON C. M0058RUGGER Spectal Auirtant LEGAL DEPARTMENT PAUL F. McClOSKEY,dR. 316 Cit•y Hall. St. Paal, Mtue�sota b5102 .IOSEPH P. SUMMERS 9 Corporotion Couns�l May `�8� 1 6$ To the Honorable Mayor and Members of the Council of the City of Saint Paul and City Comptroller of the City of Saint Paul Re: Early Land Acquisition Contract relating to Summit-University Urban Renewal Area. Gentlemen: '�^ This letter is being written for the purpose of once again calling your attention as officers of this City with respect to the commitment which you are making on behalf of the City by assuming the responsibility to bear any loss that might arise as a result of such early land acquisition in the event that the property, to be acquired is not used for urban renewal purposes because the urban renewal plan for the project is not approved by the Federal Government or such plan is amended to omit any of the early acquired property or if the project were abandoned for any reason. The full extent of the City' s commitment which contem- plates reimbursement of the Federal Government "on demand" for "any such loss sustained by the United States under the aforesaid loan, which u.ndertaking and agreement shall be assignable (from the Housing and Redevelopment Authority of the City of Saint Paul to the Federal Government) to the United States of A.merica upon its request. " (Emphasis supplied) (Parenthetical insert) , is to be found in paragraph number 4, page 4, of the proposed"Cooperation'' Agreement Respectin.g Loan Under Section 102(a) of Title I , Housing Act of 194g, As Amended to Undertake Redevelopment Proj�ect Activities in Summit-University Urban Renewal Area" . The provisions of the commitments between the City and the Housing and Redevelopment Authority of the City of Saint Paul as distinguished from the City' s commitment and undertaking under �� 1 • To the Honorable Mayor and Members of the Council of the City of Saint Paul and City � Comptroller of the City o� Saint Paul -2- May 28, 1968 the proposed "Cooperation Agreement Respecting Loan Under Section 102(a) of Title I, Housing Act of 194g, As Amended to Undertake Redevelopment Project Activities in Summit-University Urban Renewal Area" , is to be found at paragraph 3, page 4, of the proposed "Cooperation Agreement Respecting Summit-University Urban Renewal Area Project Minn. R-47" , said paragraph number 3 reading as follows : "3. The City and Authority agree with respect to the City' s undertakings under the Cooperation A reement Respecting Loan Under Section 102(a� of Title I, Housing Act of 194g, as amended, To Un.dertake Redevelopment Project Activities In Summit-University Urban Renewal Area, dated , 1g68, between the Authority and the City respecting repayment upon demand of any loss sustained by the United States under said Section 102(a) loan, that in the event of such demand for repayment the Authority shall assist in the financing of the Project by a cash con- tribution from the Redevelopmen.t Project Fund Reserve �in. the amount of �1, 132,74J_. 00 and the further amount of �3,400, 000. 00 by issu- ance of Housing and Redevelopment Authority Bonds. In order to assure performance of its undertakings under this Paragraph, the Authority further agrees to maintain Redevelopment Project Fun.d Reserves including any surplus accruing to said Reserve in the calendar year 1968, or subsequent years , in � an amoun.t not less than �1, 132, 741. 00, and to make no expen.diture from such Reserve which would reduce the amoun.t thereof below �1 , 132,741. 00 without the consent of the Council of the City by resolution made and provided for. The City agrees , in the event , of approval of the issue of Housing and . Redevelopment Authority Bonds to consent to the levy by the Authority, as authorized � in Section 28, Chapter 487, Laws of Min.nesota lg4'7, Subdivision 6, of a tag on all real and personal property in the City not to exceed, . together with all other taxes levied by the Authority un.der said Section, one and one- tenth mill in each year, to pay debt service and amortization of said Bonds. " , I To the Honorable Mayor and Members of the Council of the City of Saint Paul and City Comptroller of the City of Saint Paul -3- May 28, 196s While it would appear extremely remote that the Federal Government would not approve the Summit-University Urban Renewal Area Project M.inn. R-4'7 at least to the extent of tentative commitments with respect to such project (approximatin.g �12, 000,000. 00) as heretofore represented to the City by per- sonnel of the Housing and Redevelopment Authority of the City of Saint Paul and, therefore, additionally, it would appear extremely� remote that the Federal Government would ever require the City to repay the aforementioned loan, we feel you should be aware at least of the possibility of such an occurrence. If the Federal Government were to require repayment of such loan in addition to the City' s commitment o� issuance of its urban renewal bonds in an amount approximating �2,866, 370.00 and the Housing and Redevelopment Authority of the City of Saint Paul ' s commitment of �3, 400,000. 00 through the iasuance of Housing and Redevelopment Authority �of the City of Saint Paul ' s bonds and contribution from the Housing and Redevelopment Authority of the City of Saint Paul ' s project fund reserve in an amount approximating �1, 132,741. 00, there would also be required of the City Coun.cil of the City of Saint Paul consent to the levy of said Authority as authorized by Section 28, Chapter 487 , Laws of Minnesota for 1947, Subdivision 6, a tax on all real and personal property in the City not to exceed, together with all other taxes levied by the Authority under said Section, one and one-tenth mill in each year, to pay debt service and amortization of said bonds. This, then, would� mean that the amounts heretofore available from the said Authority �to pay the interest on the City' s urban renewal bonds for the first three years of the life of such bonds would, for a period of not less than 20 years , be un.available. We feel it is incumbent upon our office to reiterate an.d reemphasize to you as City of�icials the effect of the City' s commit- ment with respect to the contemplated loan by the Federal Government for early land acquisition purposes remote of the calling of such loan by the Federal Govern.ment for payment by the City may appear at the moment. Yours very tr ly, � sep P. ummers . rpo ation Counsel G ` ��( R ert . 0'C n.nell First Assistant Corporation Counsel � REO�mlp � , .. - � a3��91 G-7 � . 10/20-60 CERTIFICATE OF SECRETARY The undersigned hereby certifies, as follows: (1) That he is the duly qualified and acting Secretary of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota, herein called the "Local Public Agency" and the keeper of the records af the Local Public Agency; (2) That the attached Resolution No. 68-5[23-8 is a true and correct copy of the reaolution as�ado ted on the 23rd day of �^� , 19�g,_; (3) The �seal affixed below constitutes the official seal of the Local Public Agency and this Certificate is hereby exeucted under such officiaY seal; (4) That the undersigned is duly authorized to execute this Certificate. IN WITNESS WHEREOF, the undersigned has hereunto set his haad . � this 23rd day of May , 19 68 . Secretary (SEAL) � • , � -'�� L � �I . ( ` . �� , . , coorr,�-�lTo�� nc,r;;rr;��,T • . . R�SY�CTI�:G LO:+i1 U�ID;s; S�CTION 102(a) .OF TI1L� I, IIOUSIrIC ACT Or 1949, AS Ai�I��vD�D TO iTI`D'r;RT[11:E REDi.V�LUPi'T�;T �ROJ�CT ACTIVITI�S � II1 SU:AfIT-UNIVEiSITY UP.�AN R�t�L•';•!AL � AR�A ' THIS AGRE�;i,:i�;T, entered into this day of , 1965, by and betwcen . , . HOUSII�'G AND �Z:D�VELOPi•?G�IT AUTfIQRITY OF Tl-iE CITY OF SAIP;T Pt1UL, ifIt`1Iv�SOTA, a Minneso�a public body corporate and •, politic, hereinafter referred to as • ' the "auehority", � � � and , CITY OF SAI�:T PAUL, �flidN�SOtA, a ' , ' , I•finnesota muni,ipal corporation, • hereinafter re=erred to as the "Cii:y", �•]I i\�SSET�I: ' SJ:IcRL'1S, the Autnority lias dete"rmined that the Sum�nit-University ��rca , loc2ted in - the City of Saint �aul, :�Iinnesota, descri_becI as follo�.s : Eeginnin� at the poi�t of iztersection of the eastern ri;lit-of-wzy line of ;•Jestern rlvc^ue t��ith the pro;ectec northern ri�ht-of-c��ay line o; the �t1cy bett•�cen Sher';urne ��venue a�d Univcrsity Avenue, tren �•�esterl.y alon� s�id projected line of the alle5� to the po�nt of. intersection c•�ith the �•�es�ern ' ri�"':tt-of-��a;T line of Lexin�ton P2rla:ra�, then southerl� alon� said line to � the point of intersect�on �•�ith the seuthern ri�ht-of-�•Jay line ot the a11ey be�t•�een Portland �venue and Summit �venue, then easterly alon� saic? line � to the point of intersection �ait� the eastern rioht-of-�oay line of c;ilton . Street , then northerly alon5 said line to the point of inter.secei��n <<�th the southern ri�iit-of-�•�ay line of- Portlancl Avenue, tlien easterly alon� ' saic� line to tI�e point "oi i�tersection �aith the c,restern ri�ht-of-�aay line of Victoria Street , then so�therly aloa� saici line to the point of inter- section.�•�ith t;�e souttiern riant-of-t•;ay line o� Portland t\ver,ue, tiien . eas;.erly �alon� said line to the point of iatersection �•;ith thc° �•rester� � riaht-of-��ray line of St. Albans Stree� , then southerly alon� said. line to ' the southern ri�ht-of-�vay Iine oi the alley bet��een Su�n:�it Avenue �and ' Graad Avenye, then easterly along said line to the point of intersection � � . �aith the eastcrn rioht-of-�aay lin� or Qa1:land Avenae, tnen nortnerly alon� s2id line to the point of 'intcrsection with the projected liae o� the southern right-of-caay line of the a11e� bet�:teen Summit Avenu� and ,n,ranc Avenue, then easterly alo�� said projecteci line to the poin� ot ins_er- section c•�ith tite eastern ri;�t-of-:aa;� linc o� Stir,�mit Court , �hen no�t��erly alon� saic: line� to the poin*_ of inte�section �aith the soutnern xi�ht-of- -- wa�� line of Sur�r�it Avenue, t;1en eas�erl;� alo�� said Linc �o the poinc oC intersection t•�itn the southern ri�ht-oi-�aay line of Ra:nsey Strcet , then easterl; c110iT� S21C� L1i72 t0 ttle nOlPIL' Oi interSCCtlOCi C:�7.��'1 ��1� enst:ern ri�ht-of-�:ay li:�e of ?•7estern Aver.ue, ��hen nortt�erl� c1o;1� saic: Iin� to t�hc � point of intersec�ion wit� t�ie souch�rr_ rz�ht-of-�•�a�a 1ir�c of Irvin� clvenue, t}1211 RO1t:�eas�erl;r �i1011�.^� Sa'!Q Zlfl� �O the po�in� Of 7.P.tC1SCC�1Ql'l F,'!�il �:ilL' nor�heasterly ri�ht-of-�•�uy li;�e of vacated tl�lnut S�reet, �he.i ncrcii- • �•ms+_erly alor.� saic: line t_o tlie noiat oF ineersection tai.tl� the scGeh- eusterL;� ri�ht-Qt-��r�y Ll.T1C.' Of SllR:lill� �iJ�11UC'� tlien r.orthc^..o��E.'x'�,�,- clii•��"' 5�1�� line t0 �i1C' DOlP.� �f intersection C?1C_: ��1E' nrojecte(� riOY��Ciit Y:.,�i?i:-C�:-::3�r line of �a}�t:on Aveni��, then westerl}� �ton�;__sGid line to �l-:e poinL o.� �.:��e-r- sec*ion �aith the ea:ter.n right-ot-*.•:a�: ?.ine cf v�catec! Ca::necra,l ��rc � , `i�e:, � northcrlV ��G:1�^, S�'!:� ilriC' t0 �j1C nO�il� Oj intersection C�i_��1 ��1i:. liC);'4';'_ -,1 ' rz�tli-O{-L•T3J li.nc o� ::ars�all �:venu�, t11��z westerly r�:tur.�-� sa�� lir,� � • :t;c . ' J ' ' �O1T.?t O� 1Y'itC7:S@C��nLl Ta?til t_r:C easre_-_z ri�he-of-<<�a;� l�:li'_ ni i?CiC;i:l ' . ::,1:: . � , " . � < < " . � � � C�.�n :ia�:�:c::l.< <?.on� said li:ic to the po�nt of intcrseclioil �aitli thc iiort:h- , Cli: z•i:;':�-��f-ca��y linc 01: l'•I�^.�:i�'131]. C�VC!'ll!@� tilE[1 �•JCS�CI:Lf c?L011d Sc11G �il1E.' t0 �!:e no'_:�'_ ��L �r:�crsect-ion �•�i.tii th^_ easl-crly ri.oht-oi-c�ay line •oL �lrundel St-rcct , s_:jct1 ncr+�ilerly a1on� s�id l�ine �o ttle point of intersectioTi �•;irl� �j:C SOIF��I(:l:Ii TJ.�;il�—O�—t?1'.\' 11RC Or Concoruia AVCI1llC� t11C11 SOU�i1C'F.SI�C11)' �10^:; ..�: �, ti:�e �� l�e poin� o.0 zntcrsection with the eustern ri�l�t-of-��:ay Zi'_'lu C�� .CS::Ci:? t��^11UC � then CIOTI'tLCr�)' c''.],011� Sc71(.� L1.I1C' t0 rt1C �O'_Ri; Of , " i::Cerse�t�on ��iL-1� thc norl-hern ri�lit-oi-c:�a}� line o� t?ie a11cy bett:�een ��?GTI:it1=?� ?:Vt?IIUC o^_^_C L'niversity c1��enue [•li:1C11 1S ti1C point Oj UC�innino, � � was 4 bZi�li�c.l, cleter?oratec anc� deterioratin� area and appro��cd a'Red,:vclopr�ent Plan ' for saic �:er. �ro-�?dir.; _er the elirunation of bli�ht and the underta':cin� oL a rehabili- tatzon a�c, cone,er��iott projec� c•�ith rec;eral financial assist�nce; and I:�I(E!;E115, �ne F,:it�iority has obtained financial assistance trom tl:e United States of Arnerica uncler Title I of thc Housin� Ac*_ oF 1949, as amencled, �o undertalce surveys and pl:ans �or t11� Sur�unit-Univcrsity Urban Renec•.*al Area Project Minn. It-�7, and has prepared . . and approved a F,ede��elopmen� P1an For Summit-University Area, dated December 2G, 1967, pro��idin� a ren2bili�ation and coriservation project includinS the acquisition of sub- standarcl properties ar.d de:�olition of the structures thereon, acquisition of properties for rehabilitatioa, relocation of site occupants, rehabilitation of properties not to be acquired, ass�:�:bly and disposition oi acc;uired property to provide sites for construction of ne�� iiousin� and public Facilities and provision of public improvements; and T•IHEP�aS, *he Authority.has determined that the conditions of blight and deteriora- tion e�cisting in the Sun.-�it-LTniversity Urban Renewal Area are detrimental to the health, _ saf�ty, morals una c�;elfare ot the community and that the elinination of such conditions of deteriora��on and blight can only be accomplished by oovernmental assistance to be in part obtaine� by a I'ederal ;rant under Section 103, Title I of the Housino Act of 1949, as amended, ar.d further netermiried that the Ien�th of time necessary to prepare, process and obtain oover:z�ental approval for such grant was such th2t it ��as necessary to make . aQplication tor a I'ederal loan under Sec*_ion 102(a) of Title I of the aforesaid Act in the ar.:ount of $7 ,949,11I.00 to the Authority to acquire anc'. der�olish substandarcl blighted properties .and to un�ertalce acquisition of certair. properties for reitabilitation in order to demonstra�e �easibiLity of a rehaSilitation and conse n�ation pro�ram and provide a reloc�tion �esource for �isplaced families curing the period of preparation, review and approval of the �rant anplication in orc!er to prevent the further spread of blight and deterioration in the Project Area durin� such time; and � . � . . - 2 - , � � i 1 • WF1Qt�AS, a conclirion of a loan under Section 102(a) of the afores�id Act� is thar the bovernin� body ot the locali�y shall have assumed thc zesponsiozliey to bear any loss that may� arise as the result of such property acquisiti.on in tlie event that the . property so acquired is not usecl for urt�an renewal purposes �Uccause t}�c redeve].op�ent ! plan for the project is not approved, or is amended to omit any oE the acquired pro�erty, � . � � . ', or is abandoned for any reason; and , I � WHERP�IS, it is necessary and in the sound interest of the community and other�•�ise � beneficial and advanta;eous for the Ci.ty to cooperate with ttie At�thority in carryin� out the Project to the end that deleterious conditions in the Project �1rea bc removed I ' � and that �he Project Area be redeveloped in accordance c�rith ttie objectives of the F Redevelopment Plan thereby contributino materially to the well-bcin�, pro,r�,Less and fdevelopment of the commvnity as a whole; and F I , WEILREAS, under its general po�•�ers and under Section 35, Chapter 437, Lac•�s of � . 1 ' f . Minnesota 1947, as amended, the City is empo��ered to cooperate c�ith the Authority to � undertake a redevelopment project , incZudi.ng among other thin�s the po�•:er to��ay the obligations of the Authority or malce loans and contributions for such projeGts and entzr into ao'reement's �•iith the Authority respecting actions to be talcen by the City. � NOtJ, THEREFORE, in consideration of the mutual �enefits and ad�=anta�es hereinbefore recited and the mvtual covenants herea£ter set forth, the Authority and the City do hereby agree as follo�•rs : 1. The Au�hority �vill proceed with all due dili�ence to secure approval by the United States of America of th� Application for a loan in the ar�ount of $7,°49,111.0� � under Section 102(a) Title I, Housino Act of 1949, as anended, =or ��hich �p�Iication - � - has heretofore been made. It is understood and agreed that the undertakin�sof the City � under this Agrecr�l:ilt are predicated upon issuance of said Loan b� �he L':�ited S�ates. -' . 2. The Autilority will proceed with all due diligence to pr�paxe �n ap1licatioz � for, and secure approval by the United States of a money grant ur:rler Section 10;, Title • I, Housing Act of I9�f9, as amended, to aid in the financin�� oz the 5��,;:�it-�ni�,•�rsity Urban Renewal Area Project �Iinn. R-47. , � 3. The Authority �,rill, ��pon approval ot th� Federal loan, �roc•�ec; to undcre«';e th� proposed property acquis�tions, and related activities, in orcler to assurc thu rc;�o=;�L of conditions of blight and deterioration in the Project Are� �, soo�� as �:-,^c�ic��1:., � - 3 - � � . . � � ... � 1 . . _ � . i . = ° #-�-- -� _ - -. : - ._ �._, ._ � .. _. � . -- .,.. _ _ �. __ - - _ - _ - - -- - . ._ ._ . .....__ ._ _._.__ . , � � , �. ; r ' ' � . . � 4. The City a�rees, without condition, and notwithstanding the provisions of any ' other agreement between the Parties respecting Summit-University Urban P.ene��al. Area, � to assume the responsibility-Co bear any Loss that may arise as the result of property � . � acquisition financed by the Section 102(a) Loan in the event that the properey so � acquired is not used for urban renewal purposes because tt�e Redevelopment Plan for the Summit-University Urban Renewal Area Project riinn. R-47 is not approved, or is amended ' to omit any of the acquired property, or is abandoned for any reason. The City further agrees that an expression of this undertalcing of the City to assume such Ioss,' if any, shall appear on the face of any Project Temporary Loan Note and Notes issued by the Authority payable to the United States of Anerica respecting the loan under Section , � 102(a)(e)(b) , Title I� Housing Act of 1949, as amended, and the City further agrees ; to pay the United States on demand any such loss sustained by the United States under , the aforesaid loan, which undertaking and agreement shall be assignable to the United _ � States of America upon its request. � . i � IN WITNESS WHEREOF, the parties have hereunto set their hands and seals all as of the day and year first above writteri. • _ ' • HOU�ING AND P.EDEVELOPriENT AUTHORITY OF . - THE CITY OF SAINT PAUL, MINNESOTA . � By • , • � � � ' Its . • (SEAL) _ � By ` It s - , - CITY OF SAINT PAUL, r1IrTNESOTA . By . • - . Mayor Countersigned by: � $y ' City Clerk Comptroller • - , ' gy ' � Commissioner �oL- Finance � . . Approved as to Form: - � Approved as to Form: _ : . { . �. Authority Staff Counsel � • _ ;. , � ' � . . . - ' - , ; . . , , , I . ! . _ ' . � , • . . j � - � � � , , . , - � . � . . � � . � � - _cE— .,. . , , � � � � �. � . • 1" ' . - .._ .. .�,.�r��. :.�.�.w� .+.V rt��.��.�i_ -... .�.�.�- � _.`_�.�✓:a�.�.....� .....�.�.J.Y .n-.. . �. .. ��___.�.�-�. r.�. .r.�.�. ...'_' _�..�...._... -.�.�. �..�.._..�... . . � . . . , � � � ,a a 1^ L • r .i �3 �^ � ��V f , i ' COOPER,ATION AGREEMENT • � RESPECTING LOAN UNDER SECTION � 102(a)�.OF TITLE I, HOUSING ACT � • OF 1949, AS AMENDED TO UNDERTAKE REDEVELOPMENT PROJECT ACTIVITIES , � - IN SUNAiIT-UNIVERSITY URBAN RENEWAL , � � AREA , , THIS AGREEMENT; entered �.nto th:[s ,�� tlay of , �.96E�, by and between ; HOUSING AND REDEVELOPMENT AUTHORITY ! � " ` OF THE CITY OF�SAINT PAUL, MINNESOTA, � � a Minnesota public .body corporaee and ;_ politic, hereinafter referred to as i } the "Authority", ' i . and �� . � ; � CITY OF SAINT PAUL, MINNESOTA, a � � Minnesota municipal corporation, a hereinafter referred to as the "City", � , _ WITNESSETH: ` , � � ; WHEREAS, the Authority has determined that the Summit-University Area, located in � . , the City of Saint Paul, Minnesota, described as follows : � � Beginning at the point of intersection of the eastern right-of-way line of � Western Avenue with the pro�ected northern right-of-way line of the alley � between Sherburne Avenue and University Avenue, then westerly along said �� projected line of the alley to rhe point of intersection with the �•iestern � ' right-of-way line of Lexingtbn Parkway, then southerly along said line to i ' � the point of intersection with the southern right-of-way line of the alley i ' between Portland Avenue and Summit Avenue, then easterly along said line � ' , to the point of intersection with the eastern right-of-way line of Milton ' . Street , then northerly along said line to the point of intersection with v the southern right-of-way line of Portland Avenue, then easterly along ` said line to the point of intersection �aith the western right-of-way line ;. of Victoria Street, then southerly along said line to the point of inter- , section with the southern right-of-way line of Portland Avenue, then � � easterly along said line to the point of intersection with the western ' � right-of-way line of St. Albans Street, then southerly along said line to the southern right-of-way line of the al).ey between Summit Avenue and ' Grand Avenue, then easterly along said line to the point of intersection � '; � caith the eastern right-of-way line of Oakland Avenue, then northerly � � along said line to the point of intersection with the projected line of the ` southern right-of-way line of the alley between Summit Avenue and Grand . Avenue, then easterly along said projected line to the point of inter- ' section c�ith the eastern right-of-way line of Summit Court, then northerlx ; along said line to the point of intersection with the southern right-of- 3 way line of Summit Avenue, then easterly along said line to the point of � intersection with the souttiern right-of-way line of Ramsey Street, then : easterly along said line to the point of intersection with the eastern right-of-cvay line of Western Avenue, then northerly along said line to the point of intersection with the southern right-of-way line of Irvine Avenue, • then northeasterly along said line to the point of intersection �aith the ' northeasterly right-of-way line of vacated Walnut Street , �hen north- • westerly along said line to the point of intersection caith the south- ' easterly right-of-way line of Summit Avenue, then northeasterly along sai.d line to the point of intersection with the projected northern ri�ht-of-caay • line ot Dayton Avenue, then westerly along said•line to the point of inter- , section �oith the eastern right-of-way line of vacated Cathedral Place, then northerly along said line to the point o£ intersection �aith the northern right-of-way line of Marshall Avenue, then westerly along said line ro the point of intersection with the_eastern right-of-way line of Western Avenue, r � - � . • , " J .� J • S +� `L � � � � then northerly along said line to the point of intersection with the north- I ern right-of-way line of Marshall Avenue, then westerly along said line to � the point of i:ntersection with the easterly right-of-way line of Arundel I Street , then northerly along said line to the point of intersection with i . the southern right-of-way line of Concordia Avenue, then southeasterly along said line to the point of intersection with the eastern right-of-way line of Western Avenue, then ,northerly along said line to the point of intersection with the northern right-of-way line of the alley between Sherburne Avenue and University Avenue which is the point of beginning, ' was a blighted, deteriorated and deteriorating area and approved a Redevelopment Plan for said area providing for the elimination of blight and the undertaking of a rehabili- tation and conservation project with Federal financial assistance; and WHEREAS, the Authority has obtained financial assistance from the United States of ' America under Title I of the Housing Act of 1949, as amended,• to undertalce surveys and i i plans for the Summit-University Urban Renewal Area Project Minn. R-47, and has prepared and approved �a Redevelopment Plan For Summit-University Area, dated December 26, 1967, providing a rehabilitation and �onservation project including the acquisition of sub- standard properties and demolition of the• structures thereon, acqui�ition of properties for rehabilitation, relocation of site occupants, rehabilitation of properties not to be acquired, assembly and disposition of acquired property to provide sites for construction of new housing and public facilities and provision of public improvements; and WHEREAS, the Authorit�y has determined that the conditions of blight and deteriora- tion existing in the Summit-University Urban Renewal Area are detrimental to the health, safety, morals and welfare of the community and that the elimination of such conditions of deterioration and blight can only be accomplished by governmerital assistance to be in part obtained by a Federal grant under Section 103, Title I of the Housing Act of 1949, as amended, and further determit�ed that the length of time necessary to prepare, process and obtain governmental approval for such grant was such that it was necessary to make application for a Federal loan under Section 102(a) of Title I of the aforesaid Act in ' the amount of $7,949,111.00 to the Authority to acquire and demolish substandard Ulighted properties and to undertake acquisition of certain properties for rehabilitation in order to demonstrate feasibility of a rehabilitation and conservation program and provide a relocation resource for displaced families during the period of preparation, review and � ,approval of the grant application in order to prevent the further spread of blight and deterioration in the Pro�ect Area ddring such time; and `' + ' _ ' . ; . _' • �, � - 2 - . . . . . . . , � � • 3 . � d e � � WHIItEAS, a condition of a loan under Section 102(a) of the aforesaid Act is that the governing body of the locality shall have assumed the responsibility to bear any loss that may arise as the result of such property acquisition in the event that the property so acquired is not used for urban renewal purpoaes because the redevelopment plan for the project is not approved, or is amended to omit any of the acquired property, or is abandoned for any reason; and ' WHEREAS, it is necessary and in the sound interest of the community and otherwise beneficial and advantageous for the City to cooperate with the Authority in carrying ' out the Project to the end that deleterious conditions in the Project Area be removed and that the Project Area be redeveloped in accordance with the ob�ectives of the Redevelopment Plan Chereby contributing materially to the well-being, progress and development of the community as a whole; and WHEREAS, under� its general powers and under Section 35, Chapter 487, Laws of Minnesota 1947, as amended, the City is empowered to cooperate with the Authority to , undertake a redevelopment project, including among other things the power to pay the _ obligations of the Authority or make loans and contributions for such projects and enter into agreements with the Authority respecting actions to be taken by the City. NOW, THEREFORE, in consideration of the mutual benefits and advantages hereinbefore recited and the mutual covenants hereafter set forth, the Authority and the City do hereby agree as follows : 1. The Authority will proceed with all due diligence to secure approval by the United States of America of the Application for a loan in the amount of $7,949,111.00 under Section 102(a) Title I, Housing Act of 1949, as amended, for which application has heretofore been made. It is understood and agreed that the undertakingsof the City under this Agreement are predicated upon issuance of said Loan by the United States. . 2. The Authority will proceed with all due diligerice to prepare an application for, and secure approval by the United States of a money grar�t under Section 103, Title I, Housing Act of 1949, as amended, to aid in the financing of the Summit-University ' Urban Renewal A'rea Project Minn. R-47. . 3. The Authority will, dpon� approval of the Federal loan, proceed to undertake the proposed property acquisitions, and related activities, in order to assure the removal �of conditions of blight and deterioration in the Pro�ect Area as soon a� practicable. , � � � - , , . _. t . . , , . . , , . . � � _ . - 3 - . ' ' - � . i ,`, �. � i � � 4. The City agrees, �aithout •condition, and notwithstanding the provisions of any � other agreement between the Parties respectin� Summit-University Urban Renewal Area, � f , . to assume the responsibility to bear any loss that may arise as the result of property � . R acquisition financed by the Section 102(a) Loan in the event that the property so ' f. � � ' acquired is not used for urban renewal purposes because the Redevelopment Plan for the � Sununit-�Jniversity Urban Renewal Area Project Minn. R-47 is not approved, or is amended . I to omit any of the acquired property, or is abandoned for any reason. The City further agrees that an expression of this undertalcing of the City to assume such loss, if any, � shall appear on the face of any Project Temporary Loan Note and Notes issued by the � Authority payable to the United States of America respecting the loan under Section ; � 102(a)(e)(b) , Title I� Housing Act of 1949, as amended, and the City further agrees to p��► th� Unit�d S�ates on demand any such loss sustained by the United States under � the aforesaid loan, which undertaking and agreement shall be assignable to the United States of America upon its request. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals all as of the day and year first above written. � HOUSING AND REDEVELOPMENT AUTHORI�Y OF . THE CITY OF SAINT PAUL, MINNESOTA � B Y' : _ ' ItS � 1C Y[[l � • (SEAL) � � , . _ � ' By : • Its Chairmsn . , � • '►, • 5 CITY Or S INT PAUL, MINNESOTA � 4 t , By . .; � M�Yor � � Countersigned by: r, Y i 1 � ' �� ` City erk � Comptroller , � � � . . � i BY . Co sioner of inance � 4 Approved as to Form: � roved as eo P'orm: / . . � Authority Staff Counsel -4- • z � ' . . , ` • ^ �� , , _ . . �� • C001'1;�-\i70i< AG�i:ri�fEi;T RESI'£CTI�:G LdAi; Ui�D�R S�'CTIOi�1 " 102(a) OF TTTLE I, iIOUSI�iC ACT OI' 1949, AS c1i��i�?D�D TO UI`:DERTAI:: , RED��IcLOPP•��;T PROJ�CT ACTIVITIES � ' IN SU:li•IIT-UNIVE�SITY UREAiJ R�\E;•!AL - AR�r1 ' TIIIS AGR��Il�'..�;T, entered into this day of , 1965, by and betwcen HOUSI\G A�1D Ri:D�VELOPi�.E�iT AUTFIQRITF OF THB CITY OF Sc\IP:T nt1UL� ifI�1\��S�TA, - , a Piinnesota pvblic body corporate and � �. ' politic, hereinaPter referred to as • the "Auehority", � . • • and , . CITY 0:' SAI�:T PAUL, ?•tI�IiIrSOTA, a ' :•iinnesota mun�ci�a1 corporation, " hereinafter referred to as the "Ci�;�", • _ ;•]I;:�LSSET�I: • ' tJ:IL�tL!1S, the rlut:ority iias determine;l that the Sum;�it-tTniversity Area, located in the City of Saint �aul, i�iinnesota, descri.bed as follos•:s : Eeginning at the po�nt of intersection of the eastern ri;Ilt-Of-[J��Ly li:�e o� j•)estern �lvcnue ��i�li the pro;ectec northern rioht-of-way 1i.ne of the alley' � between Sher'aurr.e' Avenue and Univcrsity Avenuc, t�:en �•�ester?.y alon� said projected line o� the alley to t-he point or intersection cai*_h the i:�es�ern ' ri�?it-of-t�a;T line oi Lexin�ton P2rla•�ay, then sovtherly ato�;; said l.ine to i:�:e point oi intersect�on wit�► the soutiiern ri�ht-of-��ay line oL- tne a11ey • bet��feeei Portland rlvenue and Summit Avenue, then eas�erly alon� saic? line � to �he point of intersection �ait� the east�xn rioht-of-��ay line of I;ilton Street , then northerl� alons said line to ti;e point oi intersection �a�th the southern ri,b�t-of-t•�ay line of Portland Avenue, then easterly a1o�� saic� line to the �oint oi iatersection �•�ith the �aestern ri�ht-of-�•;a}* line of Vic�oria Street , then southerly alo�� said line to the point of inter- section 4�ith �he southern rijnt-of-��ay linc o� Portland tiver,ue, ti:en . eas�erly alon� said line to the point of intersection �•:ith the ��estera rioht-of-way line oz St. Albans Stree� , then sov�herly alo�� said line to the southern ri�ht-of-saay line oi the all.ey bett��een Su��^it :lvenue �anc Grand Avenue, then easterly alon� said Iine to the point of intersection . �aith the eastern ribht-of-�aay line of Oal:land Aven�e, tnen noreiierl.y alo�� said line to the point of intersection �vith thc projzcted li:�e o� the southern ri��it-af-�•:ay line of the alley betGTeen Summit �:venu� and Gr�r,d , Avenue, then eas�erly alono said projecteu Iine to the poi::t of incer- sect�on c•�ith tiie eastern ri;�t-of-:aa;� line of St�r�it Coi�rt , Lhen nort�erly alon� said li_ne �o the point of inte�section �cith the soe��;�e�n ri�ht-of- �- ,� _ caay Iine of Sur.u�:it Avenue, t;1en easterl;� a1o�� said line to �the point o� . � intersec�ion t•:ith the southern right-oi-��.*a}* line o-f Fa:nscy S�rcc� , then easterl� along S2Zd Llri� t0 t�1C �OlIl� Q� intersection T.47.�f1 ��1L' Cc^�;;;:ern , ri�ht-of-��ay li.r.e of ?•;estern :lvenue, tl�en nortlierl,� �loa� ssic: Iin� �o rizc poin� of intersection iaith t�ie sou�hern ri�ht-of-�:�av Linc ei Irvi:�e �~venue, then 170Ti.heas�cr�;� c ZOiI� Shc(1 11riL' �O tlie point Of �.ntersecL-ior. C•;7��:] ,�i12 _ nor�heastcrl� ri�iit-of-��ay 12.:1G' Oi vacatec� il�;�.U� $�TCc^�� L'i;C:t i1C`i C?1- 41CSre�1_y alon� S31C! line 1:0 t11G' DOlilt Oi inL'ersection C•7Lt�1 ��le 50L'�:�1- cas;.erl;� ri�ht-o�-*.�:ay line of Sunsnit �venue , tlicn northeas�eri�- ul::r.�• s�i�i Z1ilC' t0 ti1C' poir.� of inLersection F71LE1 �he nrojec�£d ro•r�`;e�ci t:.�l�(_-(�,�-�:'3�T line of Da}*�on �veni,�, then t•,estetly u1on;, ,s�id line to �h^ �oin� c.� i-�te.- ¢ SE'C!:lOil [•71t�1 t�1C L�uS�CJ':i r1P:lt�O�'T.•:8�' �.I.i1E Qi Vc1Cc1tF?C� (�,�:C:�`_'::i�l� Z�i�C ':l`c'.^ � nor�hcrly ��OA? S��i il:l° t0 �11G. �?O�ilt Of 1?'l�.:ersectio.^. � �.=:1 �.he s;;�;''��.';',l rl�tl�-Of-L•TaJ li.r.e Oi .��3ZSi1211 Avenue, t�l°i1 [•,C.'�ter1'.T c L�.:�, �:?�C' t'.i�� i.�' �jl� point of' intc�secti�n tazth the eas��er�i ri�nt-of-�:=4� li�� : ;?�si:o��:, -• ,:u:.? , . ' . ._ .. , . ,. _ . ,..,._ _ _ - -� ._ _-__--- _..W -- - - - - � - - - _.. _ .. _ -- ' - ,. � . , li;cl: llt7l'�:tit�i:�.�r J�.O[l� Scll�� .111C LO ti1C' po�n�: Of 1RtCI'SCC�lOIl t;lrll ti1L IlOL'�tl- . c�rr. L•i;;i:t-o�-�a�:v linc of il�rshall Gvenu�, Lhen t�esterl� alou� slid l.ine to �ii�: nc�i�;'. ol ;.r.�crsection �•�itti tlic cas�crly right-oi-��Gy line of 1lrundel Strcct , t:ii'll [?orl'11Cr1y a1on;; sa.ic 1.:;.ne Co the point of intersection t•;itli ' �l:e SOUi:�+.�1'll Y]_'�Ili:-Or-I:T:!�' Iine O� Concoruia Avcnue, then SOU�`.i:@�;l'elly �lo::;; s�i�l line to �t�e poin� of zntersection �•�ir.h the easLern r�ihht-of-caay li.^.0 O� i.CS�'Cii e,�I�1111� � t�1C'Tl nor�tierl}' c�.].011� S.']1C1 line t0 C�1C po�nt Oj , ' ititersect:ioti ��iLl1 thc nor�hcrn ri;ht-of-�•:a�• linc oi ttie a11cy bett:�een S!�ez-LltYi1C .��V�i�UC ar�d Univcrsity ilvenue FlI:7.CI1 is t11e point oL- bc�innin�, � �:�c1S c^. U],1`^,(1�(?u� c�Ei;�r1UT'StC'C �1riC': deterioratin; area ariC� approved a Red�vclo�n�ent I'1an ior said area ��io•✓i�ir.� L-nr ehe elimination of bli�ht and the underta'.cin� oL- a rehabili- tation a�d conser��ation projec� ��,ieh recleral iinancial assistance; and j.,7{�rt�1S, tne AatiioriCy has obt��neu financial assistance �rom tl:e United States of �lmeric�� ur,der Tit1e I of thc �Iousin� Act of 1949, as amencled, to undertalce surveys and � plans �or the Sur��it-University Urban P.enec•�al Area Project Plinn. P.-47, and has prepared and approved a �edevelopm�nt Plan For Summit-University Area, dated December 26, 1967, pro��iding a renzb�li�ation and conservation projeci- including the acquisition of sub- standard pro�ertics anc de�olition oi the structures thereon, acquisition of pro�erties for rehabilitation, relocation of `site occupants, rehabilitation of properEies not to be acquired, asse;�bly ancl disposition oi acquired property to provide sites for construction of ne�•� housin� and public Facilities and provision of publi.c improvements; and i•7HER�aS, *_he Authority lias determined that the conditions of blight and deteriora- ' tion existin� in ttie Sur.u-nit-University Urban Fenewal Area are detrimental to the health, safety, n,orals «nu �•:clfare of the community and that the elimination of such conditions of deter�oration ancl blight can only be accomplished by oovernmental assistance to be � . '� in part obtainec� by a I'ederal �rant under Section 103, Title I of the Housino Act of 1949, as amencled, and further netermined that the len�th of time necessary to prepare, process an� oUtain gover;L7ental approval for such jrant was such that it c�as necessary to make application for a I'ederal loan under Sec*ion 102(a) of Title I of the aforesaid Act in the ar�ount of $7 ,949,111.00 to the Authority eo acquire and demoli.sh substandarcl bli�hted properties and to un�crtalce ac�u�sition of certair. properties for rehabilitation in order to demonstrale �easibility of a rehabilitat�on and conservation proora;n and provide a relocation Lesource for cisplaced tamilies dur=nG the period of preparation, review and approval of the ;;rant anplication in or�er to prevent the further spread of blioht and deterioration in the Project Area durin� such time; and � • � . � - � � � � . .,. � . . . _ , _ . . . . . � - � r • t 1 � ' . W}IGREAS, a condition of a loan u►tder Seclion 102(a) of the a�oresaid Act is tt�at the oovcrnin� body of the localil-y shall have assumed the responsibility to bcar any loss that may 3rise as the result of such property acquisition in tlie event that the . propert}• so �cquired is not used for urvan rene��al purposes because �tic reclevelopnen� plan for the project is not approved, or is amended to omit any of the acquired property, or is abandor�ed for any reason; ancl - � 4lHEREAS, it is necessary and in the souncl interest of the community and othert•�ise beneficial and advantaoeous for the City L-o cooperate with the Ai�t�ority in carrying out the Project to the end that deleterious conditzons in the Project �1rea be removed and that the Project Area be redeveloped in accordance �•�ith tlie objectives of the Redevelopment P1an thereby contributino materially to the t��ell-bcin�, pro,n,;:ess and development of the community as a whole; and • WHLREAS, uader its general po�aers and under Section 35, Chapter 487, Lac•�s of riinnesota 1947,� as amended, the City is empowered to cooperate tvith tl�e Authority to . undertake a redevelopment project , including among other thin�s the po�•;er to pay the obligations of the Authority or make loans and contributions ior such projects and enter into ao'reements �•iith the Authority respecting actions to Ue talcen by the City. ~ - NO�d, THEREFORE, in consideration of the mueual benefits and ad�rantages hereinbefore - recited and the mutu�l covenants hereafter set forth, the Authority and the City do hereby agree as follo�:�s : 1. The Authority �aill proceed with all due dili�ence to secure approval by the United States of A�erica of the Application for a Ioan in the amo;�nt of $7,�149,111.00 � under Section IO2(a) Title I, Housino �1ct of 1949, as amended, ior o:hicl� �pplication . has heretofore been nade. It is understoo� and agreed that the undertalcin�sof the C�ty under this Agree;,ent are predicated upon issuance of said Loan oy the United States. J 2. The Autnority will proceed �aith all due diligence to prep<t;-e an apj lication for, and secure approval by the United States of a money arant un�ler Section 103, Title I, Housing Act of 1949, as amended, to aid in �he financint� of tile Su�i�it-liniv�rsit; Urban Renewa i Area P�o j ect i•ii.an. R-�7. , � . ' 3. The Authority ��ill, upon approval of the Federal loan, ��occe�i to utiticrt�,?;e the proposed property acquis�tions, and relaee� activities, in order to assure th�� re:;:o�:a1 ,of conditions o� bli�ht and deter.ioration. in the Project ��re� as �soc>ci :1s a�c,r_.,:icr,��i.^.. . . _ 3. _ ' , •. • s - . . . . . . , • . , c -' - ' r .. � .. . , � . . . c r ' , � r ' L � � � • � , . 4. The City a�rees, �aithout condition, and nol•withstanding. the provisions of any other agreement be��aeen the Parties respecting Summit-University UrUan Rene�•�al Area, to assume the responsibility to benr any Loss that may arise as the result of property acquisition financed by the Section 102(a) I,oan in the event that the property so acquired is not used for urban renewal purposes because ttie Redevelopment Plan for the Summit-University Urban Renewal Area Project rlinn. R-47 is not approved, or is amended to omit any of the acquired property, or is abandoned for any reason. The City further a�rees that an expression of this undertalcin� of the City to assume such loss,' if any, � shall appear on the face of any Project Temporary Loan Note and Notes issued by the Authority payable to the United States of Anerica respectin� the loan under Section 102(a)(e) (b) , Title I� Housing Act of 1949, as amended, and the City further agrees to pay the United States on demand any such loss sustained by the United States under .the aforesaid loan, which undertaking and agreement shall be assignable to the United . States of America upon its request. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals all as of the day and year first above written. � � • HOU�ING AND P.EDEVELOPMENT AUTHORITY OF . � THE CITY OF SAINT PAUL, MI`]I�ESOTA , By � Its . : (SEAL) _ � By . . - Its � CITY OF SAINT PAUL, PfINNESOTA " � � � By . I • , Mayor , i Countersigned by: - � . , sy I� City Clerlc Comptroller ' � By - Commissioner �of Finance Approved as to Form: Approved as to Form: f � � • � Authority Staff Counsel � � . � . . _ . I . � - . � .- . � . - . , , � - . . ; _ � . -�F- � � � ' � ; ', � . � � . . ; � ' � ' . . t ,. :�_ .__ .., . _,��:.,...:.:.:.;. _- ---- -- .�.�_.R;.�.._._.�.�_ .,�:...,�-.. __. M :...._ ., ,, • -�- - � - � � `- --- -� . . M1 << � • � 1 ♦ y� . L � C,��Z�J;�'\TTO�' �Gi:I;T,�`;}'.IiT _ RESI'ECTI\G LOA�1 UiIDL: SrCTIOV � 102(a) .OF TITL� I, IIOUSIAIC ACT . • or 1949, �s ?�r��dD�D TO UnTD'cRT[11;� , RED�V�LOPi��NT PP.OJ�CT �1CTIVITI�S ' � IN SUPIMIT-UNIVE?SITl' L'RLr1N R�NE;•!AL • AR�A . ' TIiIS AGR��:Il's�;T, entered into this day of , 196S, by and between HOUSII�G AND Ri:D�VELOPi�ENT AUTFIORITY OF ThE CITY OI' SAIt•�T PAUL, AfI�1�iE5�TA, , a �iinneso�a pvblic body corporate an�] - politic, llercinafter referred to as the "Auehority", � • , and , CITY OF SAI�:T PAUL, t�fI;•IV�SOTA, a ' I•finnesota municipal corporation, hereinafter referreJ �o as the "City", � �•IITI��SSET.II: � � [J�ILRL':1S, �the Authority Iias determii�eJ �hat the Sum�nit-University Area , located iz - the City of Saint Paul, :Iinnesota, descri_bed as follo�.s : Bc�innin� at i:he point of intersection of the eastern right-of-way line. of [•]estern tivcr.ue �•�itli the projectec northern ri�ht-of-��ay line of the alley betc•�een Sher�arne �lvenue a;�d Univcrsity Avenue, tren �:�esterJ.y along szid projected liae o� t?1e alley �o the po�nt .o� intersection ��ith the �•�es�ern ' ri�ht-of-�•�ay line of Lexin,�,ton Parlc�aay, then southerly alon� said l.in� to the ooint of intersect�on with tltc souttiern ri�ht-of-way line ot- tI�e �llcy bet�•�ee� Portland Avenue and Summit Avcnue, then easterly alo�� said line to �he point of intersection caith the eastern rioht-of-�•�ay line of- i;zlton Street , then northerly alon� said line to tile point of intersecti��n �aith ' the southern ri�ht-of-�•�ay line of Portland P.venue, tlien easterly alon� said line to the noint of intersection ��itn the taestern ri�hr-of-�•;ay iine of Victoria Strect , then southerly alon� said line to the point of inte•r- section 4�ith ehe southern right-of-way line of Portland tiver.c�e, ti:en . easterZy alon� said line to the point of i�tersection c•;ith the �•�es�er� right-of-way line of St. Albans Street, then southerly alon� said. line' to the southern ri�ht-of-�oay line o� the alley bet��een Surn:�it A'venue �anc Grand �lvenue, then easterly alon� said line to the point of intersection � • . c•7ith the eastcrn rioht-of-�aay line of Oa1:land Avenue, tnen nortnerl.�• alon� said line to the point of inecrsection �•�ith the projected liae of the southern ri�ht-of-�•�ay line of the al�ey betc.=een Summit Avenue and ,�',ran�' Avenue, then easterly alon; said pLojecteci line �o the point of i:�ter- section c��ith tlie eastern :i;�it-of-;aay line of Su�^r�it Court , L-hen nort��erly alon� said line to the point of intc;:section ��ith the soutnern ri�ht-o�- "-� ' caay line of St�r��it Avenue, then easterl;� alon� said linc to' ��he poirt oi . intersection t:•itn the southern ri;ht-oi-�aa}r line of F,amsey S�rcet , then easterly alo�� said line to t11e noint o` intersection �:>>.th t?�e e�s�ern �� right-of-�ray line of t•Testern Avenue, then nortl�erl� 410,1� said line to t�c i� POlilt Of in�ersection �Jli.h tne SOULj1^TR r?�}1t-Of-lduV ].1L1� Ot IY41L1L' ��V'�i.liC � then nort:ieas�erl;� c LOiI.�^� Sc11Cl Zlil� �O tI1C' 70:L1C Of int�;-sec�ion f•:1.��: ,Lile il nor�heasterly T��[li-Oj-[•J3J 11:1(.' Oi vaca�ec? -U�li1Ut S�I'C2� � Ci]C� ner�}1- - �•ies+_e;.ly alor.� saici line t:o ttie �oint oF inCersection .ai�I� the s��::�;1- easterl�r 11��'lt-Of-L•Ii�' line of Sue�r;ii� �lvenue, ti1Cri ROTthensterlt' c^,Ic:�,� 531�' I L1I1C' t0 �11e �JO7.i1� Ot intersection �91.Li1 i.�"1L' nrojec�ed ilpit�'�t'_iil li��li:-�:-i•12';r � line ot Day�.on �venuc, then wes�erly alon� .said line to �i�e �oi�(� ax �_�ter- section �•�ith t�-�e e4ster.;� ri�ht-of-��:a�� l.ine c;� v�cate� C�_-ner.�nL P?«c•� , '_-E;c:: northcrly c'llOil� S��_ca Llri� t0 �jiC n0�Ll� U� lri�ersectioz I??Ljl i:liC i�:��i F��;",] ri�ht-of-way li.r.c o� :'arshall Avenue, t11�n i:eslerly al��, sai:� Z�.r,: ! �- =?i�. 702I1t O� intersecLion �•T1C�'1 t�7C O�Si:E21 :��C:t-OT-�:'�� .:T?C Oi ;;Ti'.S�t'_t:. t "„il:: : . ' ^ ' i � . i • . I _ `,. t ..x ._ _ � __ . ..:r. �_ �-.�. �., � - � �-. ._�,- - --^-�- s ...__....,. .. . , ._ _..,� ._•._ ____... ... .._ ,_ .._._ _ .� ._.. ..._.._. � � - . �. � • � ' t�:�i• i;o�'".c::lrr t+?.on� sai�] linc L-o i;he point of intersecCioit ��itli the nore:ti- c�'�: i�i,;�;c-n"-*.-��y l.inc of i�farshall nvenue, CZ1C[1 �aesl-erl� aloii� ;aid li�ie to t:I�u t c�'..�: or _r.l'e�-seclion c•�i.th thc cas�crly right-oi-��ay line of �'lrundel Stre�t , tiic;l ror!_I�e�•ly �lon;; sai_c l�ine L-o the point of intersectioci ��;itl� ' .l,e sou:�,:�rn ri.�;�2::-o.E-�T�y line o� Concordia Avcnue, tl�en soutiieasterly �lo^; �4:�'. 1�ne to cl�e poi.n� oL- intersection ��ir.h fhe eus�ern ri�ht-of-��ay li^� Q� i.�'.S�Cii? it�!^:lUC � tE1C'ri nor�Etcrl}' �].011� Sa.11c1 line t0 tt1C poin� Of , it:Cers�_c;::on �:il-ii thc nor�hern ri�;ht-of-way line o� tlic a11cy b�t��een :ii1CYl.11�:1:: :�i�'LI�l1C II.^.0 jj[17�VCY'S1i.y clvenue �di:l.C�l 1S t}1C point of Ue�innin�� • :��as 4 Ulljhtc.i, ueter=orate:i and deteriorae:in� area and ap�roved a Redevelopr�ent ?'1an for saic ��ca �>>-o�;�_dir.; �or tlie eLimination of bli�ht and the undertal:in� ot a rehabiLi- tation a;�d Cn_?SC1�'a��on projec� �:*ith Fecieral financial assistance; and . [•lIIE1;L•"t\5, �ne t1��t�iori�y has obt�ineci financial assistance from tl:e United States of Arnerica un�cr Tit1e I of the Housin; Act of 1949, as amencled, to undertalce surveys and plans �or •th� Surc��it-University Urban Renecaal Area Project Minn. I'.-47, and has prepared and approved a Redevelop�nent P1an For Summit-University Area, dated Decem3er 26, 1967, pro�-iding a reh�bilitation and conservati.on project including the acquisition of sub- standard properties ar.c? de:�olition of the structures thereon, acquisition of properties for rehabilitatio:�, relocatio� of site occupants, rehabilitation of properties not to be acquired, asse:�:bl} anci disposition oi .acquired property to provide sites for construction � of ne�� iiousin� and public Facilities and provision of public improvements; and T�7HEP,�S, �he Autho�ity lias determined that the conditions of blight and deteriora- • tion existing in the Sun�-:iit-Ur.iversity Urban Fenewal �1rea are detrimental to the health, safety, *��orals unci �•:elfare of the comcnunity and that the elimination of such conditions of deteriora�ion and b?ioht can only be accomplished by oovernmental assistance to be in p2rt obtained by a I'ederal grant under Section 103, Title I of the Housino Act of 1949, ' as amended, ar.d further �eter^�ined that the Ien�th of time necessary to prepare, process and obtain oover.�ental �pproval for such grant was such that it was necessary to make application for s Tederal loan under Section 102(a) of Title I of the aforesaid Act in tile ar�ount of 57 ,9!E9,111.00 to the Authority to acquire and demolish substzndarcl blighted properties and to unc!ertalce acauisition of certain properties for rehabilitation in order to denionstra�e �easibility of a reh.:bilitation and conservation program and proviue a reloc�t�on resource for c:isplaced families durinr the period of preparation, review. and approval of the �rant a;aplication in order to prevent the further spread of blioht and deterioration _n the Project Area during such time; and ' _ _ , . ' - 2 - - ' . ' r � 4 . �� ' • . � � . tJI�iII2GAS, a condition of a loan under Sec�ion 102(a) of the aforesaid Act is that the govcrnin� body of tt�c Iocality shall havc assumed the responsibi'Iity to bcar any loss that may arise as the result of such property acq��isiti.on in tl�e event that the property so a-cquired is not usecl for urban rene:aal purposes nec�use the rede��elopment plan for the project i.s not approved,•or is amended to omit any of the acquireci pro�erty, or is abandoned for any reason; and ' ��IHER�AS, it is necessary and in the sounci interest of tl�e community and otherwise beneficial and advantaoeous for the City to cooperate with the Atitho�ity in carryinb out the Project to the end that deleterious condit�ons in the Project �1rea be removed and that the Project Area be redeveloped in accordance �•�ith ttie o�jectives o� the Red�velopment Plan thereby contributino materially to the well-being, pro,c�,;:ess ancl. development oi the community as a whole; and , � ' WEILREAS, under ies general powers and under Section 35, Chapter 487 , Latas of � Minnesota 1947,• as amended, the City is empo��ered to cooperate �aith tt�e Authority to � undertake a reclevelopment project, including among other thin�s the po��rer to pay the obligations of the Authority or make loans and contributions ior suclz projects and enter into ao'reements �7ith tne Authority respec�ing actions to be talcen by the City. � NOTd, THEREFORE, in considcration of the mutual benefits and advanta;es he�einbefore recited and the mvtual covenanes hereafter set forth, the Autho�it� an:�' the City do hereby agree as follo�•:s : � . . 1. The Au�hority �aill proceed �aith all due dili�ence to secure approval by the United States of America of the Application for a loa:� in the ar:�o�.!nt of $7,949,111.00 under Section 102(a) Title I, Housino Act of 1949, as anended, ior which �pplication has heretofore been made, It is understood and agreed that the undertalcin�sof the City . under this Agree;�ent are predicated upon issuance of said Loan by the U:,ited States. — 2. The Authority wi�-l-proceed �aith a11 �ue dili;ence to prepaxe an a�t 1i.cation for, and secure approval by the United States o` a money orant u;:�ler Sec�icn 103,. Title I, Housino rlct of 19�E9, as amended, to aid in �he .iin«ncint oF t:�e Su,-.;�it-liniversit; Urban Renec�al Area Project ?•Ii:�n. R-47. , . ' 3.� The Authority �aill, ��pon approval of the Feseral loan, n�octed to unc,crt��:ce the proposed property acquisitions, and relaeed activities, in orcler to ass�are *_h�? rer:o��I of conditions of blight and deter. ioration in the Project laLea as sooct :;s a�.^c�ica��l.^.. . . - 3 - � . � ' ' � . ,�. � � � � , . r ' 4. The City a�rees, �aithout condition, and notwithstanding the provisions of any other agreement between the Parties respecting Summit-University Urban Renec•ral Area, to assume the responsibility L-o bear any loss that may arise as the r.esult of property acquisition financed by the Section 102(a) Loan in the event that the property so acquired is not usecl for urban renewal purposes because the Redevelopment Plan for the Summit-University Urban Rene�•�al Area Project rLinn. R-47 is not approved, or is amended to omit any of the acquired property, or is abandoned for any reason: The City further • agrees that an expression of this undertalcin� of the City to assume such loss,� if any, shall appear on the face of any Project Temporary Loan Note and Notes issued by�the Authority payable to the United States of Anerica respectin� the loan under Section 102(a)(e) (b)., Title I� Housing Act of 1949, as amended, and the City further agrees � to pay the United States on demand any such loss sustained by the United States under the aforesaid loan, which undertaking and agreement shall be assignable to the United . States of America upon its request. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals all as of the day and year first above written. _ � • - HOU'SING AND P.EDLVELOP�iEi�1T AUTHORITY OF . � THE CITY OF SAINT PAUL, MI`lIvESOTA � gy . � � Its . • (s�r.) - . . . , - By . It s . � ` - CITY OF SAINT PAUL, PIIrT�IESQTA . � . By . . ' . - - �Y�r .. Countersigned by: . . By City Clerl: Comptroller � . By , . . � Commissioner of Finance Approved as to Form: Approved as to Form: � , Authority Staff Counsel . . , , , , , . , , , • - . - . - � . . . . . . . -4- � . � ' . � , , . � - __ . . - ._ __ - _ -- __...., . _-� � - - --- ---�-- -- • - �- - - - Y - ._ � � _ _ -