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94-1337 Council File # 9 — (' zs31 o R I G I N A L Green Sheet # RESOLUTION CITY OF SAINT PAUL, MINNESOTA 3 Presented By b „, ,l Referred To Committee: Date I PROJECT RESOLUTION APPROVING A PRO J SCOPE /IMPLEMENTATION SCHEDULE FOR TH DAYTON'S BLUFF PROJECT WHEREAS, on December 28, 19 3, the Council of the City of Saint Paul, by Resolution 93- 1827, did allocate $250,000 of 1993 Co , 1 unity Development Block Grant (CDBG) funds to the Dayton's Bluff project; and WHEREAS, Resolution 93 -1827 quired that 'prior to entering into agreements for implementation of the identified projects the Council shall approve a project scope and implementation schedule", and WHEREAS, a project scope and 1 plementation schedule have been prepared in accordance with Resolution 93 -1827; now therefor: be it RESOLVED, that upon the reco endation of the Mayor, the Council of the City of Saint Paul does hereby approve the impleme 1 tation of the activities as described in the attached document entitled "Statement of Work Project Scope of Service"; and be it FURTHER RESOLVED, that the Council hereby authorizes the Housing and Redevelopment Authority of the City of Saint Paul to ' plement the project activities included in the attached ili Statement of Work /Scope of Service oits' behalf. Yea Nays Absent Blakey Requested by Department of: Grimm Guerin �/` Harris ,/ P1a n_ . Eco A� is D:�selo•ment Me and Z'hune I & () 1 By: ir Adopted by Council: Date . 11 1 )qc.r _ Adoption Certified by Council Secreary Form Ap► o ed by I 4 Attorney By: s By: 0 q /4VIA i tijl Approved by a r: D to By: 1464 1 Approv Mayor fo S mission to Counc By: P i DEPARTMENT/OFFICE/COUNCIL DATE INITIATED N Q 2 r 3 3 it 4 PED - Economic Development 8 -23-94 GREEN S1 T CONTACT PERSON &PHONE 03 DEPARTMENT DIRE V go art COUNCIL TIAVDATE 4- Dave Gontarek - 266 -6674 ASSIGN lgl em FOR CITY ATTORNEY e�f�r '/ 6,1 CITY CLERK MUST BE ON COUNCIL AGENDA BY (DATE) RANG E3 BUDGET DIRECTOR FIN. & MGT. SERVICES DIR • ASAP ORDER m MAYOR (OR ASSISTANT) r rri t Rab ,, TOTAL # OF SIGNATURE PAGES 1 (CUP ALL LOCATIONS FOR SIGNATURE) I ACTION REQUESTED: FOR: Consent Agenda Council a f p proval of the project ,cope and implementation schedule for the Dayton's' Bluff neighborhood -_. project -E rea. RECOMMENDATIONS: t Approve (A) or Reject PERSONAL SERVICE CONTRACTS MUST ANBWER THE 1rOLLOWiNB QUESI1ON$: PLANNING COMMISSION CIVIL SERVICE COMMISSitai 1. Has this Person/fin ever worked: under a contract for this department? CM COMMITTEE A HRA YES NO STAFF 2. Has this person/firm ever been a city employee? YES NO DISTRICT COURT 3. Does this personlflrm possess a skill not normally possessed by any cur rent city empkwe? SUPPORTS WHICH COUNCIL OBJECTIVE? YES NO Explain all yes answers on separate Meet and attach to green onset INITIATING PROBLEM, ISSUE, OPPORTUNITY (Who, What, When, wheat, Why): City Council. Resolution 93 - 1827 requires City Council approval prior to entering into agreements for implementation of the identified projects. RECEIVED AUG 25 1994 MAYOR'S OFFICE ADVANTAGES IF APPROVED: Expansion of Economic activity in the area. Increase jobs and tax base. RECEIVED DISADVANTAGES IF APPROVED: AUC 24 a long , None N eseirch CITY Y ATTORNEY AUG 2 5 1994 DISADVANTAGES IF NOT APPROVED: Area will not reach full potential of economic activity. • ( TOTAL AMOUNT OP TRANSACTION $ COST/REVENUE BUDt1ETED (CIRCLE ONE) YES NO FUNDINti SOURCE ACTIVITY NUMBER FINANCIAL INFORMATION: (EXPLAIN) 1 RISOLUTION NO. 94/8 -10 -1 _..trlel RESOLUTION AUTHOR[ZING APPROVAL OF THE PROJECT SCOPE /IMPLEMENTATION OF THE DAYTON'S BLUFF PROJECT (DISTRICT 4) WHEREAS, On Decembe.'• 28, 1993, the Council of the City of Saint Paul, by Resolution 93 -1827, did allocate $250,000 of the Community Development Block Grant (CDGB) funds to the Dayton's Bluff project; and I WHEREAS, Resolution 93.1827 required that "prior to entering into agreements for the implementation of the identified 1 rojects, the Council shall approve a project scope and implementation schedule ", and WHEREAS, A project scone and implementation schedule have been prepared in accordance with Resolution 93 -1817 and outlined in HRA report dated 8- 10 -94. WHEREAS, Staff will repo -t back to the HRA for allocation of the remaining $15,000.00 in the project scope and implementation schedule. NOW, THEREFORE, BE IT RESOLVED, that the following statement of work /scope of services is hereby approved: - 685 Third Street, an HRAi /CDBG loan in the amount of $40,000 with the balance of the project financing to core from equity and a bank loan for renovations to the building located at 685 Easi Third Street; and - Ali Artoli Food Market, an HRA /CDBG loan in the amount of $75,000 for machinery and leasehold improvements and working capital with the balance of the needed financing to come from equ and a Disaster Assistance Loan; and - 1045 Hudson Road, an HRA /CDBG loan in the amount of $120,000 for the relocation of Paul's Lounge, leaseholds and working capital with any additional funds needed coming from personal resources. A portion of the loan may be deferred provided the borrower meets certain ongoing management objectives related to being a good neighbor; and - Business Loan Structure, �ayment schedules for the business loans will be structured to fit the cash flow for each bu ;iness with amortization to be 10 to 15 years in length with terms matching the leases; and BE IT FURTHER RESOLVED, the Executive Director of the HRA is authorized to set the final terms and conditions and Execute the necessary loan documents; and BE IT FINALLY RESOLVED, that a Resolution be sent to the City Council consent agenda which authorizes the HRA t h implement the project activities. I I 1