05-48Return copy to: (BJE)
Real Estate Division
140 City Hall
RESOLUTION
Council File # 0 S' 'T �
Green Sheet # 3424847
OF SAtNT PAUL, MINNESOTA
Presented By
Referred To
Committee: Date
��
1 WHEREAS, the Port Authority of the City of Saint Paul ("Port Authority") and Island Station, LLC
2("Island Station") have agreed to cooperate in the construction of a sanitary sewer and lift station to
3 serve their neighboring development properties along 01d Shepard Road southwest of Xcel Energy's
4 High Bridge power plant; and
6 WHEREAS, on October 27, 2004 (CF 04-1033) the Saint Paul City Council ratified an assessment of
7$385,560.00 to finance Island Station's share of the sewer construction; and
8
9 WHEREAS, the Port Authority and Island Station have agreed that the Port Authority will oversee
10 construction and financing of the sewer, and that Island Station will transfer its assessment funds to the
11 Port Authority to cover its share of the construction costs; and
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WHEREAS, the Port Authority requests that the City transfer Island Station's assessment funds to the
Port Authority as described in the attached agreement (Eachibit "A"); now therefore be it
RESOLVED, that the Saint Paul City Council hereby authorizes the proper city officials to execute said
attached agreement (E�ibit "A").
bS- �$
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
i Departmenf/officelcouncil: Date Initiated: �
! P{N — Public Worta f o�-�AN-0S ; Green Sheet NO: 3024847
�
f ConWctPe &
Peter White
266-8853
i Must Be on Couni
� Totai # of Signature Pages
�
Assign
Number
For
Routing
Order
ueoartmen[ senc to rereon inmavoate
0 Yublic Workc
1 ublic Works De arhnent irector w`
2 �CiNAttornev JudvHansoo '� �]
3 1blavor's ORce MavoN.�lssisiant
4 'Council
5 CiN Clerk CiN CIerA
(qip All Locations for Signature)
u � ncyu .v
i Approval of a resolution authorizing the transfer of $385,560 of city assessment funds to the Port Authority in recognirion of a
j developer's conhihution to the conshucfion of a sanitary sewex and lift station serving 6oth the Port Authority and developer.
�datlons: Approve (A) or R
Planning Commission
CIB Committee
Civil Service Commission
Contracts Must Answer the Following Questions:
1. Has this personJfirm ever worked under a wntract for this departmenY?
Yes No
2. Has this person/firm ever been a city employee?
Yes No
3. Does this person/firtn possess a skill not normally possessed by �any
current city employee?
Yes No
Ezpiaia aU yes answers on separate sheet and attach to green sheet
, Initiating Problem, Issues, Opportunity (Who, What, When, Where, Why):
The Port Authoriry and Island Station, LLC have agreed to cooperate in the conshucticn of a samtary sewer and hft station to serve
their neighboring development properties along Old Shepard Road near Excel Energy's High Brid�e power plant. The Port vnll oversee
conshvction and financing of the sewer, and Island Station will allow the transfer of its counci]-approved assessment funding to the
Port for this purpose. This resolution authorizes that transfet.
'�, AdvaMapes H Approved:
The assessment funds can be transferred and the project can be completed.
i
, Disadvantapes If Approved:
' None
�
DisadvanWges If Not Approved:
The project will lack sufficient funding to be completed.
Total Amounf of
Transaction:
Fundinp Source:
385560
Assessment Fund
Cost/Revenue Budgeted: y
Activity Number:
�� +. �.ffi�?�r�`�9l t'�i�
� Financial fqf�rmffiion:
, (Explain) JAN 11 2005
os- �8
REIMBURSEMENT AGREEMENT
THIS AGREEMENT is made effective the _ day of January, 2005, by the PORT
AiJT'fIORTTY OF TE� CITY OF SAINT PAIJL, a Minnesota public body corporate and politic
("Porl") and TI� CITY OF SAINT PAUL, MINNESOTA, a Minnesota municipality ("City").
RECITALS:
WHEREAS, the Port is the owner of real property legally described as Lots 1 and 2,
River Bend Business Pazk, Ramsey County, Minnesota, according to the recorded plat thereof
(the "Port Properly"), which the Port intends to develop for commerciai and light industrial
manufacturing, office, and warehouse uses.
WHEREAS, Island Station, LLC, a Minnesota limited liability company, is the owner of
real property located adjacent to the Port Property (the "Island Station Property"), which Island
Station intends to develop for multi-family housing and potential commercial uses.
WT�REAS, sanitary sewer service will be necessary for development of the Properties
and other adjacent property (collectively, the `Benefited Properties").
WFIEREA5, the Port has entered into a construction contract to provide for the
constru�tion of sanitary sewer service to service the Port Property and the Island Station
Property.
WHEREAS, by Resolution No. 04-831, the City has approved the construction of said
sanitary sewer service.
WI�REAS, by Resolution No. 04-869 and Resolution No. 04-1033, the City has
approved assessment of benefits, costs and expenses of said sanitary sewer service against the
Island Station Property.
WHEREAS, pursuant to that certain Sanitary Sewer Development agreement by and
between the Port and Island Station, LLC, dated August 23, 2004, the Port has anticipated
reimbursement from the Caty for that portion of the sanitary sewer service to be assessed against
the Island Stauon Property, in the total amount of $385,560.
AGREEMENT:
NOW, THEREFORE, in consideration of the covenants of the parties contained in this
Agreement and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Port and City hereby agree as follows:
Provision of Sanitarv Sewer. The City shali re3mburse the Port for that portion of the
cost of the above-referenced sanitary sewer service to be assessed against the Isiand Station
Property, in the total amount of $385,560. Such reimbursement shail be made to the Port
Authority within fifteen (15) days after delivery of an invoice from the Port to the City.
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IN VJTTNF.SS WIiEREOF, the Port and City have executed Uus Agreement effective the
date first above written.
PORT AUTHORITY OF TI�
CITY OF SAINT PAUL
By
Its
CITY OF ST. FAUL
By:
Mayor
By:
I:
Director, Office of Financial 5ervices
City Clerk
Approved as to form:
Assistant City AtYorney
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