04-849Council File # " � _ ���
Resolution #
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Presented By
Referred To
Committee: Date
3`�
BE IT RESOLVED that the Gity of St. Paul act as the legal sponsor for project(s) contained in the Business and
Community Development Application to be submitted on September 1, 2004 and that the Director of the Department of
Planning and Economic Development is hereby authorized to apply to the Department of Trade and Economic
Development for funding of this project on behalf of the City of St. Paul.
BE IT FURTHER RESOLVED that the City of St. Paul has the legal authority to apply for financial assistance, and the
institutional, manageriai, and financial capability to ensure adequate construction, operation, maintenance and replacement
of the proposed project 4or its design fife.
BE IT FURTHER RESOLVED that the City of St. Paul has not incurred any costs and has not entered into any written
agreements to purchase property.
BE IT FURTHER RESOLVED that the City of St. Paul has not violated any Federal, State, or local laws pertaining to fraud,
bribery, kickbacks, collusion, conflict of interest or other unlawful or corrupt practice.
BE IT FURTHER RESOLVED that upon approval of its application by the state, the City of St. Paul may enter into an
agreement with the State of Minnesota for the above-referenced project(s), and that the City of St. Paul certifies that it will
comply with all applicable laws and regulations as stated in all contract agreements and described on the Compliance
Section (S-7) of the Business and Community Development Application.
AS APPLICABLE, BE IT FURTHER RESOLVED that the Cifij of St. Paul has obtained credit reports and credit information
from Midwest Independent Transmission System Operator Inc.
NOW, THEREFORE BE {T RESOLVED that the Director of the St. Paul Department of Planning and Economic
Development or successor in office, is hereby authorized to execute such agreements, and amendments thereto, as are
necessary to impiement the project(s) an behalf of the applicant.
I CERTIFY THAT the above resolution was adopted by the City Council of the City of St. Paul on (Date).
SIGNED:
(First Authorized Official)
(Title)
RESOLUTfON
OF SAINT PAUJ,., MINNESOTA
(Date)
WITNESSED:
(Signature)
(Title)
(Date)
Adoption Certified
SY: —G
Approved by Ma��
By:
oy-8�q
By:
, � V ��
Approved by Financial Services
By:
Adopted by Council: Date �� a'�//q!
Dy- 8y9
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
DepartmeM/office/council: pate Irtifiated:
Pe -P�������ve��m� ,�A�� Green Sheet NO: 3021785
Contaet Person & Phene: � . DeoartrneM Sent To Person I�nitia
MarieFranchett 0 lan iu & con ic evel u I ./FYZX///
266.6702 ' � "-
Assign 1 At[orne . �
Must Be on Council Agenda by (Date): Number ��
2 scit Be anav
�£- t� F �� 3 1 n'n & Eco o ic Develo ari Fran Le
Routing
�'vblicHaari..�rtyoi`v'�ol order
0
Total # of Signature Pages _(Clip Ail Locations for Signature)
Action Requested:
City CouncIl authorizarion to submit Minnesota Inveshnent Fund application to DEED � pv �1 it. ��lc.r i K9 •
Recommendations: Approve (A) or Reject (R): Personal Service Contrects Must Answer the Folfowing Questions:
Planning Commission 7. Has this person/hrm ever worked under a contract for this department?
CIB Cummittee Yes No
Civil Service Commission 2. Has this person/firm ever been a city employee?
Yes No '
3. Does this person(firm possess a skill not normally possessed by any
current city empbyee?
Yes No
Explain all yes answers on separate sheet and attacB to green sheet
tnitiating Problem, Issues, Opportunity (Who, What, When, Where, Why):
The Midwest Independent System Transmission Operator("MISO") has requested that the City of St. Paul apply for $250,000 low
interest, 10 yr loan to assist in the financing of its $20 M capital investmenUexpansion program at its facilities located at 1125 Energy
Pazk Drive.
RdvantapeslfApDroved:
Faciliate $20M capital investment program, retention of 75 jobs and creaflon of 25 r.ew jabs. Salaries ovzr $70,000 per year
Disadva�rtagesifApproved:
NA
D�sadvarrtages If NM Approved:
City would not be able to leverage state fixnds for this St. Paul economic development project
7otal Amount of CosHRevenue Budgeted: �
Transaction: �/�.
Fundins� Source: Aetivity Number:
Financial Information:
(Explain)