09-1291Council File # 09-1291
Green Sheet# 3087796
11/25/09 SUSSTITUTE RESOLUTfON
CITY O�SAINT PAUL, MtNNESOTA
1 Finance and Spending Plan for CCLRT - Streetscape
2
3 WHEREAS, the Metropolitan Council will construct the Central Corridor Light Rail Transit ("CCLRT") line
4 through the City of Saint Paul ("City") beginning in 2010; and
6 WHEREAS, the route for the CCLRT line has been duly established to run from an operarions and maintenance
7 facility on Prince and Broadway Streets in Lowertown to the western border of the City, traveling down the
8 middle of 4�' Street, Cedar Street, 12�` Street, Robert Street and University Avenue; and
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10 WHEREAS, municipal consent was granted by the City of Saint Paul for the construcrion of the CCLRT line
11 on March 18, 2009, subject to the provisions of a Memorandum of Understanding adopted on the same date;
12 and
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14 WHEREAS, the project scope for the CCLRT conshuction includes relocation of public urilities and
15 reconstruction of the affected streets and sidewalks at proj ect expense; and
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Presented by
/�.
WHEREAS, the City of Saint Paul believes that the CCLRT, which is projected tc� carry 44,QOQ riders a day,
represents a unique opportunity to spur economic and community development in neighborhoods along the line;
and
WHEREAS, experience from ciries around the country demonstrates that the opporiunity for transit related
development is enhanced by high quality public infrastructure, including pedestrian scale lighting, street trees,
and pedestrian amenities; and
WHEREAS, the City can expect a significant return on its investment in public infrastructure in the form of a
higher property tax base; and
WHEREAS, although the CCLRT project budget does not provide for the quality ofpublic infrastructure that
the City believes is appropriate for the Corridor, the Metropolitan Council has agreed to include improvements
as additions to the project scope, to be constructed with the balance of the project, if the City is able to secure
the necessary financing; and
WHEREAS, the City has idenrified four potenrial financing sources: Capital Improvement Bonds, STAR
Program funds, related TTF disttict monies, and assessments from abutting property owners; and
WHEREAS, the City confirms its intenrion, as required under federal law, to reimburse the City for associated
costs for the CCLRT Project from proceeds of the future Special Assessment Bonds; and
WIlEREAS, the City continues to seek financing from other sources including a request for State of Minnesota
bonding, Federal Transportation Enhancement Funds and CCLRT project conringency funds that are expected
to be released at various points during project construction and may be used to finance proposed 'unprovements;
and
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WIiEREAS, the City believes it prudent to: identify and adopt the Finance and Spending Plan for Central
Corri@or — Streetscape, as attached in EaLhibit A, in the 2010 Capital Improvemen� Budget and Pmgram, with
the understanding that specific acrions will have to be taken related to each fina.ncing source, including the
amendment of iudividual TIF pians, review and comment by the CIB Committee and STAR Board, and the
adoption of a final order and rarification of assessxnents and the sale of General Obligation Special Assessment
bonds; now, therefore be it
RESOLVED, that the City Council confirms, as required under federal law, to reimburse the City for associated
costs for the project from proceeds of the future Special Assessmettt Bonds; and be it further
RESOLVED, that the Ciiv Council directs City stalf'to neQOtiate with the Metropolitan Council to include in
the CCI:RT Project budaet $3,100,000 for median imnrovements necessarv to ensure vublic safet�and enhance
the economic development potenrial of the Corridor: and be it finallv
RESOLVED, that the City Council adopts the Finance and Spending Plan for Central Comdor — Streetscape, as
attached in E�ibit A, in an amount not to exceed $18.765 430.
Re,quested by Department of:
By:
Approved by the Office of Financial Services
B
Approved by City Attomey
B
Adopted by Council: Date ���� ���JC/ Approved by Mayor for Submission to Council
...��� ��- . .... - -
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� Green Sheet Green Sheet
Green Sheet Green Sheet Green Sheet Green Sheet
n�i_12�r�
�
DepartmentlOffice/Council: Datelnitiated: I Green Sheet NO: 3087796
MO—MayoPs Office 09 NOV 2009
Conpct Person & Phone: Deaartment Sent To Person I �niti IlDate i
� a or's Office I �'-"� ' j)
Nancy Homans y o � �7
266-8568 1 Y.ttvAtturnev I�I �
Must Be n Council Agenda by (Date): ry��jn�b¢r 2 wr's Office I I MavodAssis�nt i,�-?� ,��
�� j�1 � Fa. 3 ouoc0 ' Coonc�
Routing 4 C'ttv Clerk Ci C1erk
Doc. Type: RESOLUTION Order
E-Document Required: N
Document Contact:
Contatt Phone:
Total # of Signature Pages _(Clip All Locations for Signature)
Action Requested:
Approve finance and spending plan for Central Corridor Streetscape.
Recommendations: Approve (A) or Reject (R): Personal Service Contracts Must Answer the Following Questions:
Planning Commission 7, Has this person/firm ever worked under a contract for this department�
CIB Commiftee Yes No
Crvil Service Commission 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
Expiain all yes answers on separate sheet and attach to green sheet.
Initiating Problem, Issues, Opportunity (Who, What, When, Where, Why):
Advantages If Approved:
Disadvantages If Approved:
Disadvantages If Not Approved:
Total Amount of
Transaction: CastlRevenue Budgeted:
FundingSource: ActivityNumber. ����[` j��
q AI
Financial Information:
(Explain) NUY �1 � „ DO7
L
, �.._,�� � _
November 9, 2009 12:07 PM Page 1
09-1291
November � 25 2009
EXffiBIT A (REVISED)
FYnance and Spending Plan for Central Corridor - Streetscape
The Mayor's 2010 Proposed Capital Improvement Budget and Program includes
e�� z�� ��n $18,765,430 for this mulri-yeaz project to enhance the streetscape along
��o
the 5.5 mile light rail route from iJnion Depot in Downtown to the western border of
Saint Paul along University (see Map — Attachment n.
City staff recommends the following Finance and Spending Plan for the Central Corridor-
Streetscape (see Finance Plan for Central Corridor — Streetscape — Attachment In.
Sources:
l. CIB 2010: $500,000
2011: $1,500,000
2. Neighborhood STt1R (2010-2013]. $1,200,000 ($300,000 per year.)
3. Net TIF (2010 — 2013} Q' �,�� Q�o $12,665,430 over four years to minimize
need for interim borrowing costs and fiuther reduce size of Assessment Bonds
after TIF Plans are amended as described below. The gross amount of TIF being
used is Q",'� `�T $14,210,000. Upon completion of the project, TIF will be
reunbursed Q',��� $1.544,570.
4. G.O. Assessment Bonds (20131 Q =,°�- ^�o $2,900,000 Assessments bonds
issued at the completion of the Project.
See Attachment III for the final financine sources. If there are nroiect savinQS un to $31
million savings will be shared 80/20 between TIF and G.O. Assessment Bonds
financing. Anv savin¢s over $3.1 million will require a financing nlan amendment.
FundinE AEreement. The Cen4ral Corridor Project is being awarded under multiple
Metropolitan Council Contracts and these streetscape enhancements will paid for through
a Master Funding Agreement and related Supplemental Agreements between the Met
Council and the City. An estimated $750,000 of non-transit related streetscape
enhancements will be handled separately by the City/F�RA.
Future Sources To the extent the City receives outside source(s) of financine including,
but not limited to, state and federal grants, the sources that are permitted to be used to pay
for streetscape enhancements }-�� above will be amended.
09-1291
TIF Plan Amendments In order to impiement this finance plan, the HRA will amend
three TIF plans to permit the use of TIF under State law and the Funding Agreement
between the Met Council and the City will need to include language to legally permit the
use of TIF after the appmval of the amended TIF Plan and Budget Amendment.
Ontside Review/ Amendments
In the next 90 days the CIB Committee and Neighborhood STAR Board will review and
comment on the Finance and Spending Plan for the Central Comdor-Streetscape. To the
extent other local sources become available over the multi-year proj ect this Finance Plan
wiIl be amended.
Preliminarv Schedule
November 18, 2009 — City Council Finance Plan For Central Corridor — Streetscape
resolution adoption.
T T,.�,e..6...� 2/1 �nno T�..G4 TTC ../.... 4 4.. D..«...e.. /"b.....a. ..«A ODDQT XL7G
�vvc.�oc.[�o� om Dx¢xcTU�lxiau$ciiicoZCC�c�pocarc¢
December 9, 2009 — Review and comment by STAR boazd
December 14, 2009 — Review and comment by CIB Committee
December 16, 2009 — 2010 Capitai Improvement Budget adopted (including CCLRT
Financing}. '
January 6, 2010 — Public Hearing , Final Order to
� authorize t�assessment �exds financing
Januarv 20, 2010 — Pablic Hearin� on the TIF Plan Amendments
Attachments
Attachment I - LRT Map
Attachment II- Spending Plan for the Central Corridor — Streetseape evised
Attachment III - Net TIF and G.O. Assessment Bonds amounts
09-1291
TIF Plan Amendments In order to unplement this fivance plan, the FiRA will amend
three TIF plans to permit the use of T3F under State law and the Funding Agreement
between the Met Council and the City will need to include language to legally pernut the
use of TIF after the approval of the amended TIF Plan and Budget Amendment.
Ontside Review/ Amendments
In the next 90 days the CIB Committee and Neighborhood STAR Boazd will review and
coznment on the Finance and Spending Plan for the Central Corridor-Streetscape. To the
extent other local sources become available over the multi-yeaz project this Finance Plan
will be amended.
Preliminarv Schedule
November 18, 2009 - City Council Finance Plan For Central Corridor - Streetscape
resolution adoption.
TL' ,.1..�. ,..,«a a,. D !� .] (�
Y .
December 9, 2009 - Review and comment by STAR board
December 14, 2009 - Review and comment by CIB Committee
December 16, 2009 - 2010 Capital Improvement Budget adopted (including CCLRT
Financing). ,
January 6, 2010 - Public Hearing , Final Order to
� authorize t�assessment �e�s fiiancing
Januarv 20, 2010 - Public Hearine on the TIF Plan Amendments
Attachments
Attachment I - LRT Map
Attachment II - Spending Plan for the Central Corridor - Streetscape evised
Attachment III - Net TIF and G.O. Assessment Bonds amounts
Attachment 1
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09-1291
Attachme�t 3
Finance and Spending Plan for Central Corridor Streetscape
Revised Budqet Scenario
Revised 11-252009
SOURCES
CIB (2010)
CIB (2011)
STAR
Net TIF (2010-2013)
GO Assessment Sonds (2013)
TOTALSOURCES
Total Assess¢ble Costs
Percent Covered by GO Assessment Bands
Original Plan
11/18/2009
5506,000.
51,500,000
�1,200,000
' .�15;182,330
�3,945;000
- °-_$22;329;336
$9 6I;1 Z80 _
.." . —: � 9,1%
� _
Revised Plan
Medians Out Change
11l25/2D09 from Original
5500,000 $0
51,500,000 SO
�1,200,000 $0
$12,665,430 ($2;516,900)
$2;900,000 ($1,045;000)
$18,765;430 ($3,561,900)
$i,.716,Z&(7. �, � ...
�57% ,
USES
University Avenue Sheetscane
Lighring (recent cost reduction)
Sheet trees, sh soil
Boulevazd pavers
Special paving (signal�zed crosswalks)
Special paving (intersection comers)
Median improvements
Median Imgation
Parldng Improvements/Mitigation
Sidewalk fum�shings
Upgraded overhead contact system poles
Subtotal UniversityAvenue
Downtown Streetscane
4th Street lighting
4th Street boulevard pavers
4th Street upgcaded OCS poles
Guideway Safery Elements
Cedar Street tcees, strucmral soil, imgation
Cedar Sfreet stdewalk pavers
Cedaz Street lighting (globe)
Cedar Street upgraded OCS po]es
Cedar 3c 4th Enhancements/connections
Subtotal Downtown
Fiber Conduit - Universrty Ave/Downtown
Station (Westem, V�ctoria or Hamline)
Costs of Iss�ance
TOTAL USES
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Attachment 3, page 2
09-1291
November 18, 2009
EXHIBIT A
Finance and Spending Plan for Central Corridor - Streetscape
The ayor's 2010 Proposed Capital Improvement Budget and Program includes
$22,32 330 for this multi-year project to enhance the streetscape along the 5.5 mile light
rail rout�m Union Depot in Downtown to the western border of Saint Paul along
Universiry see Map — Attachment I).
City staff re
Streetscape
5ources:
1. CIS 2010:
2011:
2.
the following Finance and Spending Plan for the Central Corridor-
e Plan for Central Conidor — Streetscape — Attachment II).
3. Net TIF (2010 — 2013) $3�5,1
interim borrowing costs and f�
Plans are amended as described
$17,768,267. Upon completion
$1,200,000 ($300,000 per year.)
30 over four years to minimize need far
reduce size of Assessment Bonds after TIF
>w. The gross amount of TIF being used is
�e project, TIF will be reimbursed $2,5$5,937.
4. G.O. Assessment Bonds (20131 $3,94�,,000 Assessments bonds issued at the
completion of the Pxoject. �,,
�^�
Fundine AEreement. The Central Conidor Project is be'1a�g awarded under multiple
Metropolitan Council Contracts and these streetscape enha�c�ements will paid for through
a Master Funding Agreement and related Supplemental Agre ents between the Met
Council and the City. An estimated $750,000 of non-transit rela ed streetscape
enhancements will be handled separately by the City/HRA. ��
Future Sources To the extent the City receives outside source(s) incl`ia�ding, but not
limited to, state and federal grants, the sources that are permitted to be us,ed to pay for
streetscape enhancements the sources above will be amended. �.
.,
TIF Plan Amendments In order to implement this finance plan, the HRA wiI�.amend
.
three TIF plans to permit the use of TIF under State law and the Funding Agreeix�ent
between the Met Council and the City will need to include language to legally pei$nit the
use of TIF after the approval of the amended TIF Plan and Budget Amendment.
t�\
09-1291
Outside Review( Amendments
In the nea�t 90 days the CIB Committee and Neighborhood STAR Board will review
comment on the Finance and Spending Plan for the Central Corridor-Streetscape. To the
e tent other local sources become available over the multi-year project this Finance Plan
w� be amended.
Novemb 18, 2009 — City Council Finance Plan For Central Corridor — Streetscape
resolution option.
November 3 2009 — Draft TIF plan sent to Ramsey County and SPPSD #625.
December 9, 09 — Review and comment by STAR board
December 14, 2 09 — Review and comment by CIB Committee
December 16, 20 — 2010 Capital Improvement Budget adopted (including CCLRT
Financing).
January 6, 2010 — Pu ic Hearing on TIF Plan Amendments, Preliminary Order for
Assessment Bonds
Attachments
Attachment I - LRT Map
Attachment II - Spending Plan for e Central Conidor - Streetscape
Council File # �� �� �
Crreen Sheet # � t� � � { j0
RESOLUTION
Presented By
Refened To
CITY OF
MINNESOTA
Finance
2
3 Whereas, the Metropolitan C�
4 line through the City of Saint
Spending Plan for CCLRT - Streetscape
will construct the Central Corridor Light Rail Transit (CCLRT)
�eguuiing in 2010; and
6 Whereas, the route for the CCLRT line as been duly established to run from an operations and
7 maintenance facility on Prince and Broa ay Streets in Lowertown to the westem border of the City,
8 traveling down the middle of 4`� Street, Ce Street, 12`� Street, Robert Street and University
9 Avenue; and
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Whereas, municipal consent was granted by the C of Saint Paul for the construction of the CCLRT
line on March 18, 2009, subject to the provisions of Memorandum of Understanding adopted on the
same date; and
Whereas, the project scope for the CCLRT construction � ludes relocation o£ public utilities and
reconstruction of the affected streets and sidewallcs at proj t expense; and
Whereas, the City of Saint Paul believes that the CCLRT,
day, represents a unique opportunity to spur economic and
neighborhoods along the line; and
is projected to cany 44,000 riders a
iunity development in
Whereas, experience from cities around the country demonstrates t the opporhxnity for transit
related development is enhanced by high quality public infrastructur including pedestrian scale
lighting, street Vees, and pedestrian amenities; and
Whereas, the City can expect a significant rehun on its investment in pu lic infrastructure in the form
of a higher propercy tax base; and
Whereas, although the CCLRT project budget does not provide for the quah of public
infrastructure that the City believes is appropriate for the Corridor, the Metro litan Council has
agreed to include improvements as additions to the project scope, to be constru ted with the balance
of the project, if the Ciry is able to secure the necessary fmancing; and
Whereas, the City has identified four potential financing sources: Capital Improve ent Bonds,
STAR Program, related TIF districts, and assessment of adjacent property owners;
2167667v5
Whereas, the City confums its intenrion, as required under federal law, to reunburse the City for
associated costs for the CCLRT Project from proceeds of the future Special Assessment Bonds; and
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ereas, the City continues to seek financing from other sow+ces included a request for State of
sota bonding, Federal Transportation Enhancement Funds and CCLRT project contingency
funds at aze expected to be released at various points during project cottstruction and may be used
to finauc roposed improvements; aad
Whereas, the 'ty believes it prudent to: identify and adopt the Finance and Spending Plan for
Central Comdo Streekscape, as attached in Ezchibit A, in the 2010 Capital Improvement Budget
and Program, with e understanding that specific actions will have to be taken related to each
financing source, inc ding the amendment of individual T'IF plans, review and comment by the CIB
Committee and STAR oazd, and the adopfion of a Prelinvnary and Final Order for assessments and
the sale of General Obli tion Special Assessment bonds; and
Now, therefore, be it resolve thaf fhe City Council confirms, as required under federal law, to
reimburse the City for associa costs for the project from proceeds of the future Special
Assessment Bonds; and
Be it finally resolved, that the City uncil adopts the Finance and Spending Plan for Central
Corridor — Streetscape, as attached in 'bit A.
Yeas Nays Absent
Bostrom
cazcer
Hanis
Helgen
Lantry
Stark
Thune
Adopted by Council: Date
Adoption Certified by Council Secretary
By:
Approved by Mayor. Date
By:
Requested by Department oi
G or'sb{i
B f' 1r g -
Approvec�by th _, ce of Financial S ' es
/ )/`i
By: �
Approved by City A �
By. /C� , � .
�Approved by Mayor for Submissi to CouncIl
2167667v5
�"I-' �a'� !
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Whereas, the City confirms its intention, as required under federal law, to reimburse the City for
associated costs for the CCLRT Project from proceeds of the future Special Assessment Bonds; and
Whereas, the City continues to seek financing from other sources included a request for State of
� esota bonding, Federal Transportation Enhancement Funds and CCLRT project contingency
ds that aze expected to be released az various points during project construction and may be used
to ance proposed improvements; and
Wherea the City believes it prudent to: idenrify and adopt the Finance and Spending Plan for
Cenhal 'dor — Streetscape, as attached in E�ibit A, in the 2010 Capital Improvement Budget
and Pro with the understanding that specific actions will have to be taken related to each
fmancing so e, including the amendment of individual TIF plans, review and comment by the CIB
Committee and TAR Board, and the adoption of a Preliminary and Final Order for assessments and
the sale of Gener Obligation Special Assessment bonds; and
Now, therefore, be it sol
reimburse the City for a
Assessment Bonds; and
Be it fmally resolved, that
Corridor — Streetscape, as
Yeas
Bostrom
c��
x�s
Helgen
I Lantry
Stazk
that the City Council confirms, as required under federal law, to
zd costs for the project from proceeds of the future Special
Council adopts the Finance and Spending Plan for Central
in EJChibit A.
Requested by Department of:
Adopted by Council: Date
Adoption Certified by Council Secretazy
By:
Approved by Mayor: Date
By:
2167667v5
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J'`�G t�10Y s G1'�[" / Ce,
��-, � PS ..� �r 9-os
r�vecLbv the Office of Financial Cervu�nc
Approved
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by Ma}�r for Submission [o Council
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