09-1095Council File #
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
PresenteG By:
Retertetl To:
GYeen Shret #
Committee: Date
� /
2009 Sudget Amendment for Payne Maryfand Joint Recreation Center/Library
i
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
WHEREAS, the Parks and Recreation DepaAment and Saint PaW Libranes would like to begin schematic design work for a joint facility
at Payne and Mary4and, on park owned iand, for an approximatefy 36,�00 square foot facihty ("Payne Maryland Pro�eci") ;and
WHEREAS, it has 6een determined that the "city portion" of this facility wil! c�st $14 mAlion; and
WHEREAS, the schematic tlesign work is $385,000, including 5175,000 for planning for the adjacent area pian; and
WHEREAS, the CIB Committee as part of ihe 2010-2074 Capital Improvement Program and Budget Process
has previously reviewed this project in report CABS304B1; and
W HEREAS, upon completion of the schematic tlesign and before the issuance of these bonds, this pro�ect will retum to the CIB Committee; and
WHEREAS, Office of Financial Services staff recommends;
(7) the Finance Plan for Payne/ Maryland Pro�ed attached in Exhibit A, which includes the issuance of Recovery Zone Economic
Development Bonds ("RZED" Bonds) to take advantage of the City aliocation from the Federal Govemment on or before
December 31, 20�0; and
(2) a finance team, mcluding the Gity Attomey, OFS staff, City Council staff, Kennedy and Graven, and Piper Jaffray begm work
work on this financi�g; and
WHEREAS, the Ciry confirms its intention, as required under federal law, to reimburse the City for associated costs for the
Payne Maryland Pro�ect f�om proceeds of the future RZED Bonds andlortax exempt bonds; aod
NOW THEREFORE BE IT RESOLVED, fhat the Finance Plan m Exhibrt A and the finance team, named above, is accepted by the
Council: and
BE IT FURTHER RESOLVED, the Gity conflrms, as reqmred untler federal law, to reimbuwe ihe City for associated costs for the project
from proceeds of the tuture RZED Bonds and/or tax exempt bonds; and
BE IT FURTHER RESOLVED, the Directors of Parks and Recreauon and Library wiil update the Councii by March 31, 2070 on the
Payne/Maryland Project, and
BE IT FURTHER RESOLVED, that the inierim source below of ISP 2007 STAR Taxable bonds of $175,000 be reimbursed by
Year-Round Neighborhood STAR aRer review and comment 6y the Neighborhood Star Boartl; and
BE IT FURTHER RESOLVED, that the interim source below of Fund 860 Fund Balance of $210,000 will be reimbursed by bond proceeds
of the pro�ect, a�d
BE IT FINALLY RESOLVED, the Mayor pursuant to Sec 70 07.07 of the City Charter, certifies tha[ $385,000 is availabie for appropriatio�
�n the 2009 budget antl recommends the following changes to the 2009 operating budget:
09-1095
3082297
Councii Rle % �9—
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presentetl By:
Referrea To:
Curtent Budget Ghange
40
a�
42
43
A4
45
46
47
48
49
50
51
52
53
SA
55
56
57
58
59
60
61
FINANCING PLAN:
860 Parks and Recreation Grants and Aids Special Fund
33199 Payne Maryland Phase I
9830 Use of Fund Balance
7306 Transfer from Capital Pro�ects Fund- STAR
SPENDING PLAN:
860 Parks and Recreation Grants and Aides Speciat Funtl
33199 Payne Maryland Phase 1
0219 Professionai Services - Design
Total Activity Budget
Explanation for the need of the Budget AmendmeM:
Adopted by Council. Date \O O��
Adopron ied by Council Secretary�
3 y. i
� �� j
lpproved+ Ma Date f�✓ CG'
� � �
Green Sheet #
Committee: Oate
210,000 00
175,000.00
385,000.00
385,0OO.OD
Budgei
210,000.00
'175,000.00
3$5,000 00
385,000.00
- 385,OOD.00 385,000 00
No funds previousVy approved for schematic design work for the Projec[.
� �--- -- -
,,
Requested 6y Deparfinent of.
�f�f L.� ��oO1l
� �� �
Appi
�
Fom
BY .
Appi
sy.
09-1095
� Green Sheet Green 5heet Green Sheet Green Sheet Green Sheet Green Sheet �
; PR - Parks and Recreation
Contad Person & Phone:
Tom Russell
66415
Must Se on Council Agenda by (Date):
0
Ooc, Type: �BLIC HEARW G
(RESOLUTION)
E-Document Required; N
Document ContacC Tom Russetl
Contact Phone: 86415
30SEP2009 � Green Sheet NO; 3082297
iy
Assign
i Number
j For
1 Routing
Order
Total # of Signature Pages _(Clip Ail Locations for Signature)
I Parks and Recrea4on i' Deoarlment Dicector '
2 CityAHOrnev '.i i �_
Approval of Resolution to establish the Phase I Payne Maryland Joint Recreation Center/ Library schematic design budget
Recommendations: Approve (A) or Reject (R):
Pianning Commission
CIB Committee
CivA Service Commission
Personal Service Contracts Must Answer the Following Questions:
1. Has this personJFrtn ever worked under a contract for this department?
Yes No
2. Has this person/flrm ever been a city empioyee?
Yes No
3. Does this persoNfirm possess a skdl not normally possessed by any
current aty employee?
Yes No
Expiain aii yes answers on separate sheet antl attach to green sheet.
InRiating Problem, Issues, Opportuniry (Who, What, When, Where, Why):
Parks and Libraries have an opporiunity to begin schemafic design wozk for a joint facility at Payne and Maryland on Park owned
land This action amend the spending and financing budget of Fund &60 and establishes the Phase I budget. The $525,000 needed wiil
come from PED i7RAP fundmg, Fund 860 Flmd Salanoe to be reimbursed by bond proceeds in 2010, and ISP taxable STAR bonds to
be reimbutsed by year round neigh6orhood STAR after review and cAmment by the Neighborhood STAR Boazd
AdvenWges tf Approved:
Phase I Schematic Design of this project may proceed with the approval of this resolufion.
Oisadvantages If Approved:
None
DisadvanWges If Not Approvetl:
Other avenues to begin this project will have to be explored, thus delaying the project.
Total Amount af
Transaction:
Funding Source:
Financial Informatian:
(Fxplain)
CostlRevenue Budgeted:
Activity Number:
September 30, 2009 4:23 PM Page 1
09-1095
��fl: Y =
September 15, 2Q09
Plan of Financefor Payne Maryland Project
The Mayors 2010-2011 CIB budget includes $8,000,000 from ISP Bonds to pay for the
Payne Maryland multiyear project. The current cost estimate as $14,000,000 (see Exhibit
� to build a combined 36,000 squaze foot Recreation Center and City Library and related
pazking on City owned land at Payne and Maryland.
The OFS staff recommends the following revised Finance and Spending Plan for the
Payne Maryland Project which needs to be consider this fall during the Council Phase of
the 2010 Budget.
$14 M RZED BOND3. Issue up to $14M of City general obligation bonds in 2010
as Recovery Zone Economic Development Bonds, using the federally approved
City entitlement of $8,672,000, in combination with Build America Bonds and
traditional Ta�c exempt debt. The annual optunized debt service over 2S years
would be approumately $796,000/year, after the direct payment credit from the
Il2S. (See Exhibit II}. The estimated saving of using RZED versus traditional taac
exempt bonds is approximately $2,200,000 over 25 years or about $88,000 per
yeaz.
2. Use of $8M TE LSP Bonds. The City will reduce the 2010 CIB Bonds from
$11,000,000 to $3,000,000 and use $8M in 2007 STAR Bonds, which is currently
in a Ciry Contingency ( 930-90320), to fund $8M of CIB Projects in the Mayor's
Phase of the 201a Budget (see Exhibit IIn. This list in Exhibit C still needs to be
reviewed by City Bond Counsel since they are STAR Bond proceeds.
Attachments
E�ibit I Finance and Spending Plan - Payne/Maryland Project
Exhibit II Comparison of 10 Yeaz C1B Bonds to 25 Year RZED Bonds
Exhibit III Subset of 2Q10 CIB Projects
Exhibit I- To Finance PIan 09-1095
Finance and Spending Plan
Payne Mary. land Pro.ject
Iand Arquu�fioNDemo/Relocatlon
Rou Sacei Vacanon
Demo/Relocauov
Profess�on Semces
Ae Dea� (alreedy camplem)
Schemalic Desi�(PUblic Pomm)
Schematic Desi�(Rest ofSim)
Oilitt Rof¢ssional Seivices
Ro�eM Mgnt
Exremal (Constructlon Manager)
Intemal (Parl6/L�b)
PHASE-Ivioil
Po6Ge Portim
Rec CwwlLibr:
Phase 1
]OQ000
226,600
45,3�0
210,000
466,300
343,600
Construction SF
Rec Cevn 19,850 3,782,400
L�6ia[y 16,610 3,536,I40
L6EDS -C6m'ge vp 379,500
3b,460
Site Relatad and Parlang
SiteWock(Earthwork,Cvc,StreatSCepe,ero) 49Q000
Play Area 300,000
SurFaoeparldng(120Spacea) 260,000
Cov[mgavcy 23Q000
Conbvgeacy 467,500
Fummve FixNreS avd Eqmpment (FF&E)
Pablic Art
Escalation (m m�d point Fa11 20 10 -4 6%)
Sources - NSnance Plau
Ciry Rccwery Zope Ecoaomy Development
(uot to c<ceed SS4M of RZED Bonds) (2)
Parks (1BD by OcYn (1)
13,806,400
ContingenryorMahrialEUalafion 1,}25,Q00 $ 36.35
Total Pro'ecC Coss 8ase 1 13,806,400 9.60%
175,400
315,U00
jectLOidaeves Amount BudgetSource
sport ov MWh-Phase Projut 14Q000 7A06 CIB ConHngency(CF O8-U8S)
: undetway ofFour Houses and garage: 60Q000 ISP Bonds - HIL4 Res 49- XX-X
near Church pazlmg lot STAR S300K Loav and %300K Gcant m Payne-Mazyland Partne`slup LLC
SQOOD Est emounC ei��ble forNSP Fede[el Grarit (ao[ yM awarded)
225.000 Previous PED fuvds
7,698,000
t,2xo,uoo
736,300
206200
942 500
202,500
202,500
582,600
a,�w. �-+.�-a.,d.�vw�w„�,d.�,...
09-1095
Eghibit II- To Finance Plan
Comparison of 10 year CIB Bond to 25 yrRecovery Zo�re Econouric Development Bond
2010Proposed Trutifional Amended(Oprimized)
CIBLess CI& R7�A Bonds
Proceeds 8,000,000 14,0OO,OQO 14,p00,p00 Budget
P&I P&I Net P&I Vaziance
Yeaz
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
(9�,�)
(9�,�)
(904,000)
(904,000)
(904,000)
(90A,000)
(904,060)
(904,000)
(9�4,�00)
(9Q4,OaQ)
(9>040,OQ0)
886,500
886,500
886,500
886>500
886,500
886,500
886,500
886,500
886,500
886,500
886,5�0
886,500
886,500
886,500
886,500
886,500
886,500
886,500
886,500
886,500
886,500
886,500
886,500
886,500
886,500
22,162,500
796,000
796,000
796,000
796,000
796,000
796,000
79b,000
796,000
796,000
796,000
746,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796,D00
796,000
796,000
19,900,000
(IOS,000)
(108,000)
(108,000)
(108,000)
(108,000)
(108,000)
(IOS,000)
(108,000)
(108,000)
(108,000)
796,000
796,000
746,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796,000
796.000
10,860,000
Savings 2,262,500
Rounded Debt Service from 9/14/2009; wrrently Ciry allocatioa of $8.672M
09-1095
SUBSEI' OF CIB FINANCING SWRCES
PROPOSED 2010 AND TENTATNE 2011l20122p13
(Mpimts reilected in tMusar�)
CSpBalim � �
provemefrt BotWs
Trtk
GSty�vitle CapiTai Maintenance
(]ryuride 7ree Plantlng Program
CouR RestoreHOn Program
Ptay Prea Improvements
AsphaltResroraUOn antlReplacementProgram
Paiis and Rec Grant PrepiPrelim Desgn Program
Parkantl Library Facilily Mainfenance
SidewafkRaronsttucyon Program
Bicytle, Pedestrian andTraffic Safety Progrem
Pailroatl Qossing Safety Irtprovements
Sig�alized Intersection Safely Improvements Progrsm
Snd9e Enhancement Program
lightlng VnfrasVUCture hrQrwerrenLS Progrem
Traffic Sign Refur6ishing Pragram
CIB Con6ngency
CB Bond Sale Cos�
Como Park Ptay Area
Conway TotlM antl Petlerson Pathway
BumsPark PlayArea
TrilliumSite Development
Bruce Venm NaWre Sanduary Site Aoauistion
PalaceRea�eaUOn Centar Renova5oNAtl�tlon
Grend FWUntl k�plementaLOn
Fitzgereltl Park
GreaterEaS Side Parks Meintenarice Faoliry-Pre��m Desgn
CnerokeeRegionalParkTrail-T27 GrantMatch
Harriet tslantl A�uisNOns antl Maint Fadiiry and Lilydale
Como HisNric Britlge Site -T21 Grent Mafih
Lafayerte Britlge Replacemeni
HerttlineAvenue FletonstruCfion oVerAyUAiLlI Road
4Vheelork Parkway Britlge flemnstruc4on
Centraf Cortidor StreelscaPe
Central CortitlorSitlewalkCOmpletion Fu�d
Central Comtlor OiF-Street Parldng
Green Sfair 7owar Reconstructon
Le�Snglon eikeway antl Britlges
Ruth Skeei Bike La�us
PnorAvenue Bicyvye Rpu[e (rtq�frnrem�nts
Jelferson Avenue Bike LaneS
Morton SVeetStairs Re�nstructlon
St PaUI Reai E9ate & Fadhry Asset Management System
Ke1lc�ggBoulevard eritlge Rea�nstruction atNerket Street
Como Pooi Repiacement
Hghlantl Pooland Bath House RenOVation, Phase 2
Available fOr Other Prqeds
Tota� recommemletl torqB furMs
(Fl R*9u'ses rev:ew fryCgv Smd Counset
E�ubit III - to Finance Plan
257
2017
1,500
350
251
250
250
�
500
525
75p
70
12$
250
200
725
250
130
373
2012
1500
350
25i
250
250
�
525
150
10
12$
250
200
125
250
13�
2073
1,SC0
350
257
25p
250
�
525
150
10
725
250
200
125
250
t30
724
500 500 500
275 573 1,760
884 500 544
340
272 237
1,OOD 1.W0 500
400
7500 500
175
575 500
53
773
2,300 2,300
500 1,OW
PAYI`IE PHALEI`I
P LA 1`I l�i I l�i G
STRONG � SAFE
October 7, 2009
.,�' WELCOMING
Council President Kathy Lantry
Members of the City Council
City Council Chambers, 3 Floor
15 West Kellogg,
Saint Paul, MN 55102
� .�,,., S !
DISTRICT F"I�IE
�t �O�t 5
COUI�ICIL
� CONNECTED :°j°��°'� IVE1GtiBORHOODS
Re: Resolution 51 Payne —Marvland Join Recrea6on Center/ Libratv Schematic Desinn
Budeet
Dear Council President Lanhy and Members of the City Council:
The Payne Phalen Board of Directors has long supported community efforts to secure
much needed recreafion and lea.rniug services for all residents. One in three residents of
District Five is under the age of 18. As such, our community holds the promise of Saint
Paul's future. The community infrastructure to support and mu our next generation is
lacking.
The Joint Recreation Center/ Library design funding is an important step in a sustained
community building process that can revitalaze the area. District Five's Board has taken
the position that new facilities are needed in this deserving neighborhood.
Resident leaders have worked diligently tl�rough the public funding process to advocate
for the children and families of District Five. A new facility will strengthen Saint Paul's
ability to atlract new investment and support the full potential of our neighborhood.
District Five supports this resolution.
Sincer ly,
�� ���
Les1�e McMurray v ���
Execurive Director/ Organizer
CC: Board of Directors
506 KENNY ROAD, SUITE 130, SAINT PAUL, MINNESOTA 55130-4554
Te� # (65l ) 77A � Fpx # (651 ) 774
E-MAIL: DISTRICT5@PAYNEPHALEN.ORG
WWW.PAYNEPHALEN.ORG