07-1187RESOLUTION
OF SAINT PAUL, MINNESOTA
Presented By:
Referted To:
Committee: Date
a WHEREAS, pursuant to authority granted in Laws of Minnesota 2005, Chapter 152, Article 1, Sections 1 and 38, (the "Special Law"),
a the City of Saint Paul, Minnesota, a municipal corporation (the "City") entered into an Agreement, made effective on October 1,
s 2005 (the "Agreement") with the Saint Paul RiverCentre Convention & Visitors Authority, a Mlnnesota non-profit corporation
s (the "RCVA"), whereby the City contracted with the RCVA to equip, maintain, manage, and operate ali or a portion of those certain
� properties and facilities commonly known as the RiverCentre complex and to manage and operate a convention bureau to
s market and promote the City as a tourist or convention center; and
s
m
ii
iz
t3
�a
u
is
WHEREAS, Section 6.7 of the Agreeement requires that the RCVA's "Approved Operating Budget and Approved Capital Budget
shall be transmitted to the City Council as part of the Citys annual budget approval process'; and
W HEREAS, Section 6.7 of the Agreement further requires that "[t}he City Council may modify the Approved Operating Budget
and Approved Capitat Budget onfy with respect to those amounts contained therein that are proposed to be financed by general
revenues of the City or bond proceeds; and
n W HEREAS, on November 27, 2007, ihe RCVA Board of Directors adopted the 2008 RCVA budget, RCVA resolution #07-008, and
�a transmitted said budget for $10,726,855 to the City pursuant to Section 6.7 of the Agreement;
is
zo NOW, THEREFORE, BE IT RESOLVED, that pursuant to Section 6.7 of the Agreement, the RCVA budget for the fiscal year beginning
zi January 1, 2008 as adopted by the RCVA Board of Directors on November 27, 2007, is hereby approved as modified by the City
zz Council during their 2007 budget deliberations as described in Attachment A; and
23
za BE IT FURTHER RESOLVED, that the Director of the Financial Services Office be and is hereby authorized to prepare the final 2008
zs budgets in accordance with the actions taken herein and to equalize, balance or set the final department revenue sources and
zs department appropriations as necessary.
z�
28
29
30
3t
32
33
34
35
36
37
38
Requested by Department of:
Services O�ce
By: Matt Smith
Approv Re ial Services Director:
By:
'—�
Adopted by Counal: Date
Atloption Certifietl by Council ecretary:
By: t
Approved by Mayor: � te �Q �/
By:
Council File #
Green Sheet #
d7 !/8�
3046939
3g
Form Approved by City Attorney:
�
BY ���s��P. �i��
0
A rov 4 Ma rforS isslon uncil:
BvP �/�A,l ���,�i4�-�
oreceaF��rc.aise�ces c�srvarea�euayen�rrzoos�couronane�cem.exoosewye�Reawm�m
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
l�?�1187
FS -F�a� s��
saNOV-0�
Green Sheet NO: 3046939
Contact Person 8 Phone:
Matt Smith
266$796
Must Be on Council Agenda by (Date):
1&DEC-07
Dx. Type: RESOLUTlON W!$ TRANSAC
E-Document Required: N
Document Contact:
Contact Phone:
0 ' ancialServices
1 cial Services De artment Director �
2 ' ancial Serviees ffice Financial Services �
3 i Attorne
4 a or's Office Ma or/Assistsnt
5 onnc� Ci CouocO
6 " Clerk Ci Clerk
�
Assign
Number
For
Routing
Order
Total # of Signature Pages _(Clip All Locations for Signature)
Action Requesied:
Approve the Saint Paul RiverCentre Convention & Visitors Authority 2008 Budget.
itlatlons: Approve (A) or R
Planning Commission
CIB Committee
Civd Service Commission
1. Has this person/firtn ever worked under a contrect for this department?
Yes No
2. Has this personlfirm ever been a city employee?
Yes No
3. Does this person/firm possess a skill not normally possessed by any
current city employee?
Yes No
Explain all yes answers on separete shee! and attach to green sheet
Initfating Problem, Issues, Opportunity (Who, What, When, Where, Why):
Advantages If Approved: �
The Saint Paul RiverCentre Convention & Visitors Authority will have an approved plan for spending and financing.
DisadvanWges If Approved:
None.
DisadvanWges If NotApproved:
The City will not have complied with Minnesota Law.
Transaction:
Funding Source:
Financial Information:
(Explain)
CosURevenue Budgeted: y
Activity Number:
November 30, 2007 138 PM
Page 7
b�-Ilg�
2008 Adopted Budget
Resolution Attachment
RiverCentre
Office of Financial Services
Report date/time:
Page 1 of 1
Recommended Budget...
Butlget Total
Gap F�cess/(ShoM1hall)
�2/t?J2007 330:00 PM City Council Meeting
Council Changes to the Recommended Budget...
Non recommended
Total Budget (as atlopted)
Gap' E<cess / (ShoM1fall)
Spending Financing
1,43Q8W 1,430,897
0
'1.43Q897 1,43q897
7of7