94-1478 Council File # "1 "
0 R I G I I� A L Green Sheet # _ 1 b
RESOLUTION
CITY O SAINT PAUL, MINNESOTA �
Presented By
Referred To Committee: Date
1
2 APP OVING EXECUTION OF A
3 GRANT AGREEMENT
4
5 WHEREAS, the State of innesota (the "State") has appropriated moneys to pay and
6 redeem or defease the bonds issu by the City of Saint Paul, Minnesota (the "City"), in 1989
7 to finance capital improvements the Como Park Conservatory; and
8
9 WHEREAS, the State req 'res the City to enter into a Grant Agreement in order to
10 receive the appropriation, a copy f which has been prepared (the "Grant Agreement"):
11
12 NOW, THEREFORE, B IT RESOLVED by the Council of the City of Saint Paul,
13 Minnesota, that the Grant agreem nt is hereby approved in substantially the form submitted
14 and on file in the Office of the C y Clerk, with subsequent changes therein as may be
15 approved by the City Attorney. he Grant Agreement shall be executed in the name of, and
16 on behalf of, the City by the Ma r, and countersigned by the Director, Department of
17 Finance and Management Service . Any other documents and certificates necessary to the
18 transaction herein described shall e executed by the appropriate City officers or staff.
19
20
Yeas Navs Absent Requested by Department of:
B a ev
Harris Finance and Management Services
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Adopted by Council• Date `' Form App ved by City Attorney
Adoption Certified by Council Sec etary g �,. �/� * �
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BY= ` Appr ved by Mayor for Subm' sion to
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Approved b a . Date l7
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By: ���;ei 6t— `'� By'
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Fipance and Ma�g�Wnt 5emices 9/Z9/94 V�E`� �£� ` f�l� 2 3 8�J
� _ `. � QEP�RT�ASNT DIRECTOR��� �r CITY COUIiCN. � ; .
' , .f�. .i�. . . .
�I�1�rth�. KanEorotr�c`s: 2�E�636 � Ocm�Tro�r �e+.�ac;
(� euoc�er anecro� �w. a�r. eEr+v�s a�:
�tober 12, 1994 . ' � wv►roR (oFl �T�n71 ' �
,
TOTAL #E OF lqQNATUR� .H�'d�8 (C P ALI. LOCA't10N8 FOR SKiNATURE) .;
�oti�a�: " {
• _ � ;'
The attached resolution authorizes the execu on of a qrant aqreement �rith tt►e State of Hinnesota for 52,800, }� 4
to pa� Debt Se�r�.ce (Principal) on,1989 Como onservatorp Bonds. � • ,� :
' �
AECOMI�lIOJ�►�OFIB: Mww+ (�1 "a �a (R) i � ' �
BRSONAI �ERVICE l�li7'RRACT� MUiT AN=WER TME ROLL01MIli9 at1laT10NS: ;� ;.
_ PLArNrwO COM�a80�ON `.,_ CIViL B�IVqE C� . Has ffiIe paeonAkm swr worlasd widsr a��or tl�s depiubMnt?
_ qs COIrq�ITTfE ,_ YE8 NO
Has this psnonlRrm ew► bssn a oUy �n+plo�yss9
— �� — � YES NO
—��T — . Does d�le p�rsoNBrm Pw�sa a NdI1 rat nonraNY P�d �Y �Y �+� �Y ��
8uPP0AT8 wNICN oOUNCIL 08JE6TIVE9 YES NO � '' �
xplNn all yN �n�r�rs on Np�nb �hMt Mld �thoh to.�rMN1 �hNt
f: ; .
INITU1TNi3 PWOb1.EM. 188UE. t�PORTUNm (wlw. Wh�t. WMn. WlNes. ): _� .;
;
;
The State of Minnesota has appropriated funCs for payment of Debt Service on 1989 Eomo Conservatorp Bon9s. >
[LaKS of Minnesota, 1994, Chapter 643, Secti 6] `�
The Citp Treasury rill.invest these funds to ieid an amount sufficient to pay all future debt obliqations on �'}
these bonds. . il ':
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Ad11ANT/KiiEB �APPRO'V�D:
ANT K
The 1989 C�o Conservatory Bonds are qenersl ligation bonds and this apgropriation provides a source fas fu ing ;�
future debt service on the bonds in lie�u of a ax levp. �
� RECEIyED
�
SEP 2 9 1994 �
�1
DISADVANTAOES IFAPPFlOVED: '
[��PARTMENT OF F�NANCE
� None. aND MANAGEMENT �ERVIC�S ;
13
Council Research Center. ' �
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OCT 0 3 1994
as�ov�a � Nar �ovgo: ' h
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An additional tax levp �ould be needed to pay ebt service on these bonds. '�
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TOTAL AMOIMFT OF TRAI+�XCTION i CO�tlIVlYlNUE otlD(iETED (CIRC�E ONE) 1fH8 NO s �
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FUNOING SOURCE . ' ACTIYtT1F NUMBER ; a
FINAWCIAL INPORMATION: (EXPWN) � � � + �(
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TATE OF 1�IINNESOTA
DE ARTMEDiT OF BINANC�
CAS 71IdD DEBT 1[ANAQEMEDiT
arant Aqreement
Fiscal Year 1995
This Agreement is m de between the State of Minnesota, acting
through the Department Finance (hereinafter the Grantor), and
the City of Saint Paul, a municipal corporation of the State of
Minnesota, (hereinafter he Grantee).
Pursuant to Minneso a Laws 1994, Chapter 643, Section 6(the
Act), the Grantor has b n allocated funds by the Legislature of
the State of Minnesota f r the purpose of paying and redeeming or
defeasing bonds issued by the Grantee to finance capital
improvements at the Como Park Conservatory.
In consideration o mutual promises set forth below, the
parties agree as follows
The Grantor shall g nt to the Grantee the sum of TWO MILLION
EZGHT HUNDRED THOUSAND D LLARS ($2,800,000) which shall be State
Funds appropriated by t Legislature of the State of Minnesota
from the proceeds of bon s. The parties recognize the Minnesota
State Constitution does t allow bond proceeds to be used to make
interest payments on t e Grantees bond�, and therefore the
additional $100,000 by t act is not funded by this agreement.
Funds made available pursuant to this Agreement shall be used
only for project costs in performinq and accomplishing such
purposes as described he ein and in Minnesota Laws 1994, Chapter
643, Section 6. The G antee may utilize grant funds for the
purpose of paying bonds ssued by the City of Saint Paul for the
Como Conservatory Project.
Accountina. For al expenditures of funds made pursuant to
this Agreement, the Grant e shall keep financial records including
properly executed cont cts, invoices, and other documents
sufficient to evidence in roper detail the nature and propriety of
the expenditures. The G antee must account for the State grant
pursuant to Minnesota Law 1994, Chapter 643, Section 6.
Reportinc. Grantee has provided evidence to the previous
Grantor (State of Minne ota Department of Trade and Economic
Development), of the foll wing: 1) the bonds have been issued for
the project; 2) the bon proceeds were spent for the intended
purpose; 3) the schedule f debt service due on the bonds issued
for the project. Payme t shall be made after the Grantee has
provided evidence to the antor on the principal payments due and
the schedule thereof. T e Grantee shall submit an expenditure
report to the Grantor on how the grant funds were spent. The
report must also specific lly identify the INTEREST ACCRUED on the
grant and its expenditure. The report for the Fiscal Year 95 grant
q� -►�`I�
` will be due on June 25, 995.
. Grantee shall attach to thi� Aqreement
a certified copy of resol tions or other authorizinq actions by the
appropriate qoverning b y or bodies, as shall legally authorize
the execution of the Agr ement on behalf of the Grantee.
Affirmativs l�ction. A Grantee that receives State money for
any reason is encourage to prepare and implement an affirmative
action plan for the empl yment of minority persons, women, and the
disabled and submit the lan to the Commissioner of Human Right�.
v o on acts and Sub s. The Grantee shall
include in any contract a d subgrant, in addition to the provisions
that define a sound and complete Agreement, such provisions that
also assure contractor d subqrantee compliance with applicable
state and federal laws.
�ayment• The Gra tor shall make funds available to the
Grantee in State fiscal ear 1995. The Grantor shall pay grant
funds for principal on b nds issued by the City of Saint Paul, for
deposit into a segregate account of the Grantee for the payment on
March 1 of the years 199 , 1996, 1997, 1998 and 1999 of principal
of the bonds.
Term• The Grantee shall perform the activities that are
specified herein during e period from July 1, 1994, through June
30, 1999. The Grantor ill consider a request for extension of
thie term if the project is not complete as of June 30, 1999.
Termination Clause. If the Grantor finds that there has been
a failure to comply wit the provisions of this Aqreement, that
reasonable progress has not been made, or that the purpose for
which the funds were ranted have not been or will not be
fulfilled, the Grantor m take action to protect the interests of
ths State of Minnesot , including the refusal to disburse
additional funds and re iring the return of all or part of funds
already disbursed.
. Accounts and records related to the
funds provided under is Agreement shall be accessible to
authorized representati s of the Grantor for the purpose of
examination and audit. I addition, Grantee will give the State of
Minnesota Department of Finance, Legislative Auditor, and State
�uditor's Office, through any authorized representatives, access to
and the right to examine all records, books, papers, or documents
related to the grant for inspection and audit.
Amendments. Any a endments to this Agreement shall be in
writing, and shall be ecuted by either the same parties who
executed the original Ag ement, their successors in office, or by
those parties authorized y the Grantee through a formal resolution
of its qoverning body.
q� _ ���lg
� Antitrust. Contrac r or subcontractor hereby assigns to the
State of Minnesota any a d all claims for overcharqes as to goods
and/or services provided n connection with this contract resultinq
from antitrust violation which arise under the antitrust laws of
the United States and the antitrust laws of the State of Minnesota.
e. This Aqreement shall be bindinq
upon any successors or a signees of the parties.
No�ia• to arantee. You are required by Minnesota Statutes,
Section 270.66, to provid your Minnesota Tax Identification number
if you do business within the State of Minnesota. This information
may be used in the e forcement of federal and state laws.
Supplyinq these nurabers ould result in action to require you to
file state tax returns d pay delinquent state tax liabilities.
ve
provided. These numbers ill be available to federal and state tax
authorities and state pe sonnel involved in the payment of state
obligations.
Minnesota Tax ID,�
Federal Employer ID
The Grantor and G ntee acknowledge their assent to this
Agreeraent and agree to be bound by its terms throuqh their
siqnatures entered bel . This Agreement is effective upon
execution by the Commiss oner of Finance or its designee.
3
q� - ���g
�iR�1NTOjt s (�RANTEE :
,APPROVED: APPROVED:
Commissioner of Finance City of Saint Paul
By
Mayor
Date
Date
APPROVED AS TO FORM AND
EXECUTION: COUNTERSIGNED:
Attorney General's Offic
Director, Department of Finance
By and Management Services
Date Date
APPROVED AS TO FORM:
STAT� OF MINNESOTA b and
through the Departmen of
Finance Assistant City Attorney
By Date
Title
Date
4