08-263Council File # 8�'
Green Sheet # 7(j5 j)(Q'7 3
RESOLUTION
SAINT PAUL, MINNESOTA
Presented by
2 RESOLUTION ALLOWING PED STAFF TO ACCEPT AND PROCESS
3 CUL1`URAL STAR APPLICATIONS FROM PARK SQUARE THEATRE,
4 AN ORGANIZATION ON THE ADVERSE LENDING LIST
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6 WHEREAS, Park Square Theatre, secured one redevelopment loan in 1986 and two redevelopment loans
7 in 1991, totaling $122,617, and
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9 WHEREAS, in 1995, Park Square Theatre relocated from the Mears Park Neighborhood to 20 West 7`
10 Place, and in that same year defaulted on the three redevelopment loans, and was placed on the Adverse
I 1 Lending List, and
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13 WHEREAS, the charge off for the tlu loans totaled $SO,OOQ and
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IS WHEREAS, Park Square Theatre, applied for, and was awarded, Cultural STAR grants every yeaz fmm
16 1997 through 2007, and
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WHEREAS, in 2007 the newly established Quality Control system alerted PED staff that Pazk Squaze
Theatre was on the Adverse Lending List and needed special dispensation from the City Council to be
considered for future funding; and
WHEREAS, Park Square Theatre has applied for a 2008 Cultural STAR grant, now, therefore, be it
RESOLVED, by the City Council that PED staff may accept and process Cultural STAR applications from
Park Square Theatre for 2008 and subsequent years.
Bostrom
Harris
Stark
Thune
Adopted by Council: Dace
Re uested b De a��nt of:
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By:
� Form Appro b i Atto sry�
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.�/� Form Ap ved M y for Su rms � n to Council
Adoption Cer[ifled by Co� cil Secretary g �^��_��' `.✓"-r'�
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Approv ay : Dare � z-" b Approv f ina ' 1 Services
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PE 'P���B&EconomicDeve]oQment I o�-M�-oB I Green Sheet NO: 3050673
i Contact person & Phone:
� Michele Swanson
, 266-6574
� ueOalIInept SetItTOPefson
0 laonme & Economic Develonme Kurt Schnitz
Assign I lannin & Ecovomic Developme De➢srOnentDirector �
NUmber 2 i Attome p¢tz�qcCall �
For
Routing 3 vor's Office Mavo /ASS" fa t �
Order 4 oao
I C1tv Cou cil
. 5 iN C7erk C'tv Cle k
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72-MAR-08
Doc.Type: RESOLUTION
E-Dowment Required: Y
DocumeM Gontact: Kurt Schufiz
Contad Phone: 266-6590
MAR 0 5
Total # of Signature Pages _(Clip All Locations for Signature)
Pass a resolution allowing pED staff to accept and process Culturat STAR applications from Pazk Squaze Theatre, an organization on
the Adverse Lending List.
wawns: ,vpprove �a) or rt
Pianning Commission
CIB Committee
Croil Service Commission
'I. Has this personJflrm ever worked under a contract for this department?
Yes No
2. Has this personlfirm ever been a ciry employee?
Yes No
3. Does this pefson/firm possess a skill nof nortnalfy possessed by any
current city employee?
Yes No
Explain aIl yes answers on sepa2te sheet and attach to green sheet
Initiating Problem, issues, �ppoRunity (Who, What, When, Where, Why):
Pazk Squaze Theatre is on the Adverse Lending List and would like to be considered for a Cultural STAR grant, which is not possible
currently.
Ativantages If qpproved:
Pazk Square Theaire will be allowed to access the GSiltural STAR grant process and be considered for Cultural STAR funding.
Disadvantages If Approved:
An organization that defaulted on three loans will be permitted to access additional dollars without paying back the previous loans.
Disadvantages If Not Approved: �
Park Square Theatre will find it more difficult to provide the same level of theatrical progamming in the Culhual Distdct.
Transaction; $0.00
Funding Source: N/A
Financial fnformation:
(ExPlain)
CosURevenue Budgeted: ,
Activity Number. NOf10.
March 3, 2008 1125 AM Page 1