08-259Suspension 3/12/2008
RESOLUTION
Presented by
Council File # 08-259
Green Sheet # 3o5D c(.5 O
OF SAINT PAUL, MINNESOTA
1 Whereas, Saint Paul is proud to feature an Event District for all Minnesotans to enjoy in the space of a few
2 downtown blocks, consisting of the RiverCentre Convention Center, Roy Wilkins Auditorium, Xcel
3 Energy Center, 317 on Rice Pazk (historic Minnesota Club building), Ordway Center for the Performing
4 Arts, Landmark Center and the Science Museuxn of Minnesota; and
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6 Whereas, these cultural, educational and entertainment venues aze an excellent benefit to Minnesotans and
7 a great niche in the event industry; and
9 Whereas, the Event District enriches our entire state; and
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11 Whereas, the City built the RiverCentre without State assistance; and
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13 Whereas, the RiverCentre generally does not compete with Minnesota convention centers outside of the
14 Minneapolis-Saint Paul area; and
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16 Whereas, the RiverCentre Convention Center has an urgent need to address a looming deficit in its capital
17 maintenance fund; and
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19 Whereas, the facility has been using operaring revenue to cover year-to-year capital maintenance costs;
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Whereas, the City of Saint Paul requested that the legislahxre move forwazd with a request to address the
needs of the Event District; and
Whereas, that request would appropriate $43 million to the City of Saint Paul to help cancel city-issued
bond debt owed on the RiverCentre Convention Center (which was modeled after what the State passed for
the Minneapolis Convention Center in 1998)'; and
Whereas, the legislahxre did not move forwazd with this request in either the House or Senate bonding
bills;
THEREFORE, BE IT RESOLVED, that the City of Saint Paul supports the alternative request to extend
the duration of the Downtown/7`�' Place TIF district unti12030 (the district is currently set to decertify in
mid-2008), and with the extension, make other adjushnents to permit the TIF revenues to be used to
support RiverCentre debt and meet development goals in the TIF project area and Event District; and
BE IT FURTHER RESOLVED, that the City of Saint Paul will assure Ramsey County receives $1.5
million revenue by the end of calendar year 2008, which equates to the amount it was expecting with the
decertification of the Downtown/7 Place TIF district; and
08-259
41 BE IT F'LIRTHER RESOLVED, that the City of Saint Paul also assures Ramsey County that, if the City
42 receives funds from the legislature in the future to address the capital and operating needs of the Event
43 District, the District will be decertified at that point in time; and
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45 BE IT LASTLY RESOLVED, that the City of Saint Paul will continue to work in partnership with
46 Ramsey County to enhance the Event Dishict and the economic vitality of Saint Paul and Ramsey County.
Requested by Department of:
�o�Qf� ��
BY � �`'�-
Approved by ice of F�nancial Services
By: ��
Approved by
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for Submission to Council
Adoption Certified by Council Secretary By:
By: '
Approved a Date �� � 0�
By:
Adopted by Council: Date ��/���i) )�
OS-259
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
co -����
Contact Person & Phone:
KathyLantry
266-8670
musi ese on
12-MAR-0B
Doc. Type: RESOLUTION
E-Document Required: Y
Document Contach. Jean BirkhoFc
,2-�-08 I Green Sheet NO: 3050950
y I o ooncil Y
Assign 1 omcil De artruentDirector
Number Z - CI¢rk C5 Clerk
For
Routing 3
Order q I
5
Contact Phone: 266-8673 I I
Total # of Signature Pages _(Clip All Locations for Signature)
Approving an Event District for all Minnesotans to enjoy in the space of a few downtown blocks, consisting of the RiverCentre
Convention Center, Roy Willcins Auditorium, Xcel Envery Center, 317 on Rice Pazk (historic Minnesota Club building), Ordway
Center for the Performing Arts, Landmazk Center and the Science Museum of Minnesota.
ioauons: Hpprove (n) or n
Planning Commission
CIB Committee
Civil Service Commissian
'I. Has this persoNfirm everworked onder a contract for this department?
Yes No
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 employee?
Yes No
Explain all yes answers on separate sheet and attach to green sheet
Initiating Probiem, Issues, Opportunity (Who, What, When, Where, Why):
AdvanWges If Approved:
DisadvanWges If Approved:
Disadvantages If Not Approved:
7ransaction:
Funding Source:
Financial Information:
(F�cplain)
CostlRevenue Budgeted:
Activity Number.
March 13, 2008 12:35 PM Page 1