D001608'�
City Cler
Finance
CITY OF SAINT PAUL, MINNESOTA
OFFICE OF THE MAYOR
ADMINISTRATIVE ORDER
BUDGET REVlSION
No: DOD �(00 �
oate: /jy- 7
ADMINISTRATIVE QRDER, Consistent with the authority granted to the Mayor in 5ect7on 10A7.4 of the City
Charter and based on the request of the Director of the Department of Planning 8 Economia Development
to amend the 7998 6udget of the Ciry Sales Ta�c Capital Projects Fund, the Director of the Office of Financial
Services 7s authorized to amend said budget in the following manner:
WHEREAS, Council Resolution 96-11463 was approved on 11l27/96 to ailocate funds for a iwo-year STAR Business
Revolving Loan Program in the amount $550,000; and
NOW THEREFORE, staff recommends $55,000 be allocated from these funds for the Rice Street Meaf & Grocery
projett.
Current
Budget
Fund 930 City Sales Tax Capitaf Projects Pund
�
P7-930�90305A547-77103 Loans
P7•930-90306-0547-77103 Grants
STAR Business Revolving Loan Prgram
P7-930�0305-9547-77232 - Loan
P7-930-90306A547-77232 - Grant
Rice Street Meat & Grocery Project
NetChange
$193,100
$18,900
$0
$0
Amended
Budget
$143,100
$13,900
$50,000
$5,000
�
��`�� Y�"' D�-�-c�l "IC
/ Appr by: ctor of Financial Servic -- V — (�ate)
C�
M:AOODBU�GWKi 10/94
Change
($50,000)
($5,000)
$50,000
$5,000
.,
s, ��
Planning & Economi¢ Development
Carole Otto 266-6635
����
10119f98
GREEN
orrr�rtr�rtcwtcra¢
❑ ofvwnart�r
�
�
� 0���
❑ wmrttae�umcwn
TOTAL # OF S16NATURE PAGES (CLIP ALL LOCATIONS FOR
)�� .��.
,
.
. i .
an�ca�aa.
C.
/�_. ,..
�7 ' /f�
Approval of attached Administrative Order Budget Revision to allocate funds from the STAR Business Revolving
Loan Program for $55,000 to the Rice Street Meat & Grocery projec�
PLANNtNG COMMISSION
CB COMMITTEE
CML SERV{CE COMMIS:
Has u,is a�soM�m ever wwkea uMar a comraa r«u,is decerimerA7
YES NO
tlas ttun ve��� eKt heen s atY �obv�?
YES NO
Does ih� P&�im possess a sldN iwt namaNYP�ssed bY �Y curtefR cily emWoyee7
YES NO
k tliis PersotJPoma �rgeietl vt�da? .
YFS NO
)TAL ANIOUNT OF TRANSACTION S
COSTIREVENIlESLLDQETED(CIRCLEONE) � NO
umn+c souFCCe Fund 930 Citv Sales Tax Cauital Projects Fund�crwm Nurs�t P7-9�0-90305 & 90306
� i"F°R"�"n°" �°w`ar� Net effect to the 1998 budget is zero. +�/D(i4�d
Approvai of Financial CommitmentlEncumbrance of Funds N° 21017
(Complete insttucGOns are on 6ack side-p(ease read and Po!(ow.) File I.D. Number 4J ` �C � 4 �
• Section A- Project Identification / a�nd Fund Management
Account Officer ��� �} y jvr'. e-�- Form Comptetion Date �J- / y- �r Y
New Commitment: Yes � No _(If no. Prior Commitment Number:)
BorrowerorVendor N��4��s � f�t.�t�Ptz-� �-� G
BorrowersServicingAddress �16 ,Q.,�c� .$'�' .5'f'• Pa.�c /"LN �3 ��3
Principal(s) �L�� M����-r� � TotalPro}ectCost ��-3 t«'J
ProjecfName f�i�-L �yY� l�/��l �'Vr�C<=r� ProjectAddress �Ib �L (�' �,_.�t {�� �t.j,i1 ,r�J6j
Type Credit Transaction L.1:o-c. Nature of Project t �� 7 Ya�/?l++Gi..c .�
Job Requirements: Applicable _ N/A � 1fi applicable, jobs creation goaf
CDBG Eligibility: Yes _ No � N/A ,� Grants Staff tnitials ��1 Date '� °�'" ���
Sources of CityIHRA Funds:
Progrem
�(ip""
V�
•
.
Fund Source � Account Code
Total CityIHRA Funds: �4 S L �O
Use of CityiHRA Funds:
Amouni � Fund Manager
Initials
Team Leader Review/Initials � Expiration Date of Commitment 11�3L� - - y0
Section B • Credit Approval
Risk Rahng: 'I-(A)_ 2-(S)�
Credit Committee Approval: Yes � No
Addi4onal Approvai Conditions
3-(Q)_ 4-(Lj_ 5-(F)_
NA,
Credit Committee initials (if applicabie) Approval Date ���� l�
t�� � r ��
Delegated Approval Imtials (if applicable) Approval Date
Section C- Accounting and Compliance Notification
Accounting Section Verification
Entered into Fund Management system Date��lnitials �"7v1
Entered into Citywide accounting system Date Initials
Entered mko PED subsystem (if applica6le) Date Initials
Compliance Notification
Human R+ghts
Work Force Develapment
Other
Purchasing (Targeted Vendor}
LaborStandards
(Origmalfwhite copy to Credit Gommittee records, yellow copy to Account Or(icerlcredit flle, pink copY to Accouniing, golden�od copy to Grants
ManagementJ
ReviSEd 2/9l98 � �sharetlVfbvnanoal�posc �,: