04-936i
���������
�dj��/��
Council File # v�"�{�A
Resolution #
Green Sheet # �o5a(o�
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Presented By
Referred To
m
Committee: Date
Resolution approvin 302,616 STAR funds
for the 835 Arcade Street uilding 17 Site) project
WHEREAS, on September 28, 1994, the City Council o he City of Saint Paul established the
Neighborhood Sales Tax Revitalization (STAR) Progra ,, C.F. 94-1127; and
WHEREAS, the Neighborhood STAR Program is financed in a ordance with Minnesota Statutes,
Chapter 297A, authorized by the State of Minnesota, Chapter No.,375, Sec.46; and
WHEREAS, the purpose of the Neighborhood STAR Program is to fu�d capital improvements to
further residential, commercial and economic development in the neight�Qrhoods of St. Paul; and
WHEREAS, on October 23, 2002, the City Council by resolution numbers C
approved a STAR loan in the amount of $250,000 and a STAR grant in the
the Vertical Endeavors project at 835 Arcade Street; and
WHEREAS, Vertical Endeavors has decide to stay in their current location and
operations into the adjacent vacant commercial space in Seegar Square; and
and 02-994,
�t of $250,000 for
their
WHEREAS, Vertical Endeavors is no longer interested in developing the property located �yt 835
Arcade Street; and \
WHEREAS, 835 Arcade Street has soil contamination that will need to be remove prior to any `
further redevelopment of the site and if the Department of Planning and Economic Development
(PED) remediates the soil contamination at the present time, the cost saving to the City of Saint
Paul is estimated at $1,500,000; and
28 WHEREAS, PED has an opportunity to remediate the contaminated soii portion of the original
2�Vertical Endeavors site; and ,
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
� ? �n'.
S, PED is requesting $302,616 in STAR funds out of the approved Vertical Endeavors
STAR funds to be used for soil remediation at 835 Arcade Sfreet; and
WHERE°l�S, the remaining STAR funds of $197,384 not being requested would be returned to the
STAR fun�a ccount; and
WHEREAS, n eptember 1, 2004, the Neighborhood STAR Board reviewed a proposal by the
Pianning and Eco omic Development Department, and the STAR Board was supportive of the
proposal, however, e Board was unable to recommend approval because the project does not
meet STAR guideiine�adopted and approved by the City unless said guidelines are waived by the
City. �
NOW THEREFORE, BE IT`�I2ESOLVED, with the advice of the Neighborhood STAR Board, the
Council of the City of Sainf P�u( hereby approves waiving the following guidelines and amending
the $250,000 STAR loan and $�50,000 STAR grants to a$302,616 STAR grant.
1. The one-to-one match of publ� to private funds which is to be identified and released at the
time of initiaf funding is hereby �aived, with the understanding that the one-to-one match will
be met in the overall develoamen�of the site.
2. The requirement which indicates that`� City's DepartmenYs is only eligible to apply when in
partnership with a neighborhood and\o�r�\mmunity group is hereby waived.
3. The remaining STAR funds of $197,384 w�l be returned to the STAR fund account.
by Department of:
& Economic Development
Adopted by Council: Date
Adoption Certified by Council Secretary
sy:
Approved by Mayor: Date
B
Approval
By:
by Financial Services Director
Form Approved by City,Attoraey
B
Approved by Mayor for Submission to Council
By:
CITY COUNCIL
ITA PERSON 8 PHONE
Coun �lmember Dan Bostrom 6-8660
TOTAL # OF
Approval of $302,616 in STAR fut
preparing it for future development.
JDAI ION App�oVe (A) of ReJec[
PLANNING CAMMISSION
CIB COMMITTEE
qVIL SERVICE CAMMISSION
IF
AOUNT OF TRANSACTION S
SOURCE
0�-93t�
44TE WiIATW
September29 GREEN SHEET No 2o�J��B
NUMBER FOR
ROUTING
PAGES
�oQ����R ���^
❑ CRY4iT011MkY ❑ CRYCLERK
❑ fHRNGStsEANCESd0. ❑ RMONCWL9ERV/ACCTC
❑ YAYOR(ORA8518TAIR) ❑
(CLIP ALL LOCATtONS FOR SIGNATURE)
awazded to the Vertical Endeavors to be used to remove soil contaminafion at 835 Arcade
Where,WhY)
Hasth� persoMfirm everworked undcva cordradfwNis departmeM?
VES NO
Has this perso�rm ever been a cdy empbyee?
YES NO
Does this perso�rtn possess a sldll not nwmalrypossessM by any curteM city empbyee?
YES NO
Is this persoNfirm a tarpeted vendofl
� VES NO
�
�lain all ves ansvreis on seoarate sheet aM attech to areen sheet
COST/FtENENl1E BUDGETm (dRCLE ONE) YES � NO
�
ncTrvRVNUYSER f 1
(OwwM