08-751Presented by
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Councit File # 11$ ' �]�j f ;
GreenSheet# 3056570
RESOLUTION ��` �-�
ZINT PAUL, MINNESOTA �3 � �.
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RESOLUTION OF THE CITY OF SAINT PAUL APPROVING
MINNESOTA LAWS, 2008
CHAPTER 366, ARTICLE 5, SECTION 36
WHEREAS, the 2008 session of the Minnesota Legislature passed and the Governor
signed Minnesota Laws, 2008, Chapter 366, Article 5, Section 36 which authorizes the
establishmenY of a redevelopment taac incremenY financing district.
WHEREAS, such legislation requires local approval in accordance with Minnesota
Statute §645.021; and
WHEREAS, the City of Saint Paul desires the law to become effective;
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Saint Paul
that Minnesota Laws, 2008, Chapter 366, Article 5, Section 36 is hereby approved.
15 BE IT FLTRTHER RESOLVED that the City Clerk is hereby instructed to submit the
16 appropriate certificate and a copy of this Resolution to the Secretary of State of the State of
17 Minnesota.
Bostrom
Carter
Harris
Helgen
Stark
Thune
Adopted by Council: Date
✓
"""`� Requ�d by�� t oi�
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✓ By:
Approved y the Office of Financial
By:
�/ Apprdved by Ci A �t�ey
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rZ By: �,._
� Approved ly}�T�yoffd�f bmi io
Adoption Certified by C micil Secre�ry g
By: � �
Approve�l ]y�.�fi� or: Dat � L,S O
By:
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Exhibit A— 2008 State Special Law for Saint Paul �����
FIF No 3149B Conference Committee — 2008 Session PP 67-68
. 36. CITY OF ST. PAUL: TAX INCREMENT FINANCING DISTRICT.
ea. � Subdivision 1. Authorization. Notwithstandin¢ the provisions of any other
aa. alaw, upon anoroval of the ¢overnin¢ bodv of the citv of St. Paul, the Housing and
as . s Redevelopment Authority of the city of St. Paul mav establish a redevelopment tax
aa. ioincrement financina district comprised of the prooerties included in the existine downtown
aa. iiand Seventh Place tax increment dish (Countv #821. Norivithstanding Minnesota
sa. izStatutes, secrion 469.177, subdivision 6, if certification of the district is requested bv July
as. i331, 2008, the certificarion will be rewgnized bv the countv auditor in deternunin¢ local
as. istax rates for taxes pavable in 2009 and subsequent years. The district created under this
as. issection ternunates December 31, 2023. The citv mav create the dish under this section
as. iconlv if it enters into an a¢reement with Ramsev Countv to pav the countv annuallv out of
as. i�the increment from this district an amount equal to the tax that would have been pavable
as. iato the countv on the captured taY capacitv of the district had the dishict not been created.
a4. is Subd. 2. Special rules. The requirements for qualifyinq a redevelopment dish
a4. zounder Minnesota Statutes, section 469.174, subdivision 10, do not auply to parcels located
as.2iwithin the distnct. Minnesota Statutes, section 469.176, subdivisions 4j and 41, do not
aa. szannlv to the district. The ori¢inal tax capacitv of the district is $1,801,052.
a4. z3 Subd. 3. Authorized exnenditures. Tax increment from the district mav be
ac. asexroended onlv to pav principal and interest on bond obligations issued bv the St. Paul
a4. zsHousin¢ and Redevelopment Authority in 1996 for the convention center, includina
aa. z�yment of urinciqal and interest on anv bonds issued to revav the bonds or loans. All
as. a�such expenditures are deemed to be activiries within the district under Minnesota Statutes,
as.zasection 469.1763. subdivisions 2, 3, and 4.
84.29 Subd. 4. Adiusted net talc capacitv. The caphxred tax cavacitv of the district must
as.3obe included in the adiusted net tax capacitv of the citv, countv, and school district for the
as.3zpurposes of determinin¢ loca] eovemment aid, education aid, and count�program aid.
ss.3zThe countv auditar shall report to the commissioner of revenue the amount of the captured
a4.3stax cauacitv for the district at the time the assessment abstracts are filed.
as. iEFFECTIVE DATE.This section is effective unon comvliance with Minnesota
as.zStatutes, section 645A21, subdivision 3.
CERTIFICATE OF APPROVAL OF SPECIAL LAW
BY GOVERNING BODY
(Pursuant to Minnesota Statutes, 645.02 and 645.021)
STATE OF MIi�TNESOTA
County of
TO THE SECRETARY OF STATE OF MINNESOTA:
PLEASE Tt1KE NOTICE, That the undersigned chief clerical officer of the
o�-���
DOES HEREBY CERTIFY, that in compliance with the provisions of Laws, 20 ,
Chapter requiring approval by a majority* of the governing body of said local
governmental unit before it becomes effecrive, the
at a meeting duly held on the _ day of
(if other than resolution, specify)
(designate governing body)
20 by resolurion
did approve said Laws, 20 Chapter
by a majority vote* of all of the members thereof (Ayes ; Noes ;
Absent or not voting ) and the following additionai steps, if any required by statute
or charter were taken:
A copy of the resolution is hereto annexed and made a part of this certificate by reference.
Signed:
(Official designarion of officer)
(Th�s form prescribed by If�e Attomey Generzl and fumished by the Secretary ofState as mquired in Minnesota StaNtes 645.021.)
*Ifeztraordinary majority is required by the specisl law, insert faction or percen[age here.
Please see reverse side for instructions for completing this form.
S�[IFCIVI[{l\9PENMpIICFRT6ICATEOFMPROVpLOF AECIALLAW Jo[
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Contact Person 8 Phone:
Bob Geurs
266-8837
16.IUL-08
i e-
Doc. Type: RESOLUTION W/$ TRANSAC
E-Document Required: Y
Doeument Contaet: Bob 6eurs
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Number
For
RouNng
Order
ContaetPhone: 266-8837 I I
Total # of Signature Pages _(Clip All Locations for Signature)
Green Sheet NO: 3056570
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3 ' Attorne - �7 Ci Attome �-�✓�
4 or's Office Ma or/Assistant
5 ouncil Ci Councl
6 " Clerk Ci Clerk
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Local approval by City Council of 2008 special law that allows I3RA to create a new TIF' district to benefit the RiveiCentre complex
from 2009-2023.
aanons: a,pprove �H� or n
Planning Commission
CIB Committee
Civil Service Commission
1. Has this person/firm ever worked under a contract for this departrnent?
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
curzent city employee?
Yes No
Explain all yes answers on separete sheet and attach to green sheet
Initiating Problem, Issues, Opportunity (Who, What, When, Where, Why):
New 2008 special state law allows the Ciry, through its HRA, to create a new TIF district &om 2009-2023 to provide new financing
of over $4 million a yeaz for the RiverCenhe complex
AdvantageslfApproved:
Special law allows new TIF esrimated at more than $4 million annually from 2009 to 2023 to pay HRA 1996 Sales Tas Refunding
Bonds (RiverCentre Project). This will free up a like amount annually to make renovauons and improvements to the RiverCenue
complex.
DisadvantageslfApproved:
Nonelmown
Disadvantages If Not Approved:
City will lose more than $4 million annually that is allowed via the new TIF Disttict
Trensadion:
Funding Source:
Financial 1 nformation:
. (Explain)
Activity Number:
CostlRevenue Budgeted:
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