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97-187. _ ("° �'°W � � �,, € �, Ytl Council File # 1 1 r � � / � � ` � � � � � '° ��'• � Green Sheet # �� JS Presented By Referred To 1 2 3 4 5 6 7 8 s �o �� 12 13 14 �s �s n ia �s 20 21 22 23 24 2s 2s 27 28 29 30 31 32 � 34 35 36 37 � PAUL, MINNESOTA Committee: Date RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF A FIRST AMENDMENT TO PLEDGE AGREEMENT 1�i/■1 : a� � 1. The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the "Authority") proposes to issue its Taxable Parking Revenue Bonds, Series 1997A in the approximate principal amount of $13,000,000 (the "Series 1997A Bonds") pursuant to the Indenture of Trust dated as of March 1, 1997 by and between the Authority and First Trust National Association, in St. Pau1, Minnesota (the "Trustee") to finance an expansion of an existing municipal parking ramp commonly referred to as the Seventh Street Ramp (the "Seventh Street Ramp") and certain public redevelopment costs related to the Downtown Redevelopment Project area (collectively, the "Project"). 2. The Series 1997A Bonds are to be secured by, among other things, the net revenues derived from the parking ramp commonly known as the Seventh Street Ramp (the "Seventh Street Ramp"). 3. The City and the Authority have heretofore entered into a Pledge Agreement dated as of June 1, 1995 (the "Prior Pledge Agreement") pursuant to which net revenues of various parking ramps and lots, including the Seventh Street Ramp, were pledged to the payment of the Authority's Variable Rate Demand Parking Revenue Bonds, Series 1995 and its Parking Revenue Refunding Bonds, Series 1945 (the 'Prior BOIlCIS��. 4. In order to facilitate the issuance of the Series 1997ABonds, it is necessary to amend the Prior Pledge Agreement to delete the Seventh Street Ramp from the definition of Parking Facilities subject to the Prior Pledge Agreement. 5. A form of the First Amendment to Pledge Agreement (the "First �nendment to Pledge Agreement") has been submitted to the City Council for approval and the Authority has requested that the City Council approve and authorize the execution of the same. 340432.2 qR -\8'� z 3 a s s � a s �o �i 12 13 14 15 �s 17 18 �s 20 21 22 23 24 2s 2s 27 2a 2s i�� •_ i � 1. The City Council hereby approves the First Amendment to Pledge Agreement and authorizes the Mayor, D'uectoz, Department of Planning and Economic Development and Director, Department of Finance and Management Services to execute the First Amendment to Pledge Agreement in substantially the form submitted. Any other documents, agreements and certificates necessary to reflect the amendment of the Pledge Agreement shall also be executed by the appropriate officers of the City. 2. The Mayor and Clerk and other officers of the City are authorized and directed to prepaze and fiunish certified copies of all proceedings and records of the City relating to the transaction described above, and such other affidavits and legality of the First Amendment to Pledge Agreement as such facts appear from the books and records in the officers' custody and control of as otherwise I�own to them; and all such certified copies, certificates and affidavits, including any heretofore furnished, shall constitute representations of the City as to the truth of al statements contained therein. 3. The approval hereby given to the First Amendment to Pledge Agreement includes approval of such additional details therein and such modifications thereof, deletions therefrom and additions thereto as may be deemed necessary and appropriate and be approved by the City's staff, City Attorney and Bond Counsel prior to their execution; said staff, City Attorney and Bond Counsel are hereby authorized to appzove said changes on behalf of the City. The officers of the City herein authorized shall be conclusive evidence of the approval of such documents in accordance with the terms hereof. In the absence of the Mayar, Director, Department of Planning and Economic Development and Director, Department of Finance and Management Services, any of the documents authorized by this resolution to be executed may be executed by any other appropriate officers. Adopted by Council: Date_�N� �`�T_ by Council Secrelary By: Approved by Mayor: Date ay: -. I .-.. . ��fi�(s� � /s �.`,+�� ; . ./. � . } . � � .!� 1� i : /✓1.��/ ' �- -'-" � Approved b Mayor for S n to Council g � ' l��C�s� 9'1— lg � �� qFFlCE/COUNpL DAT INITIA D J Y J�,J pEfl /�3� g7 GREEN SH, E CIXJi Cf PERSON & PHONE ITIRIAI IN1TfAUDASE � / � DEPAflTMENT DIRE CRY CAUNCIL v l h'� O C e�. � () - �� N YIBENFOR �CRVA'fTORNEY OCffl'CLERIC MUST BE ON CAUNGLAGENDA BY (D POMN6 O BUDGET �IRECT O FlN. & MGT. SEflVICES DIR. /�� ` �7 J� g ORDEN MpYOR (Ofl ASSISTAN'n O � d9 C / TOTAL # OF SIGNATURE PAGES � (CLIP ALL LOCATIONS FOR SIGNATURE) ACTIONPEQUESTED: .�_ . t �ii�c� � � � � � �� . pECOMMENDAnONS: npprove (N or Reieet(R) PERSONAL SERVICE CONTRACTS MUST ANSWER TNE FOLLOWING QUESTIONS: _ PLqNNINCa CAMMISSION _ C��IL SERVICE CAMMISSION �� Has this personffirm ever worked untler a conbact for this department? _ CIB CAMMmEE _ YES "NO _ S7AFF 2. Has this penonYfirm ever baen a city empfoyee? — YES NO _ DiSTpICiCOURr _ 3. Does this rson/firm ossess a skill not normall pe p y possessed by any curreM ciry employee? SUPPORTSWHICHCOUNCIL09JECTIVE? YES NO Explain ell yes answers on separete sheet anA attaeh to green sheet INRIA� G PROBLEM.ISSUE, OPPfi1RTUNIN(W�et, Wh�Wher� �� _� T .��G � � �� ,�.° � �. �� , � �� i,"� - � ) ADVA� S IF AP E� �^ � t �� n J `-Y` � _ ,_ c�ir j � � �,rGu�! �-.�- c�Y. �/�•_ � � �� ,� � ��s� � �o�av�. 1 , DISADVANTAGES IP APPROVED: / ,� [ K .(��E 7n/"'_ `� ' 'q7-" ",�-� �� / �-� � � .. L�-= � �`�"'�" " �iQ$d�E�!i 3� c,�-�.� �.,,� t �" , , _ _- � <��%Z�� i�U� � �' �� 399� �EB {?r`f 1997 �. � DISAWANTAGES IF NOT APPROVED� „`^--- _� , J Gr� e c�w�-� �ze�--� � 3 S � J a�� --�--.�"; �.�c�-� � c�. � � � -e-��,--�� - � ��-�s ��_;��.� FE6 45 1°9T ;.,€�j,{'�'t�kp�'�V � Y ��40� TOTAL AMOUN7 OF TRANSACTION $ � GOST/REVENUE BUDGE7EU (CIRCLE ONE) VES NO FUNDI(tlG SOURCE (� �� ACTIVI7Y NUMBER � /� FINANCtAI INFORhSATIpN� (EXGLAIN) . _ ("° �'°W � � �,, € �, Ytl Council File # 1 1 r � � / � � ` � � � � � '° ��'• � Green Sheet # �� JS Presented By Referred To 1 2 3 4 5 6 7 8 s �o �� 12 13 14 �s �s n ia �s 20 21 22 23 24 2s 2s 27 28 29 30 31 32 � 34 35 36 37 � PAUL, MINNESOTA Committee: Date RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF A FIRST AMENDMENT TO PLEDGE AGREEMENT 1�i/■1 : a� � 1. The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the "Authority") proposes to issue its Taxable Parking Revenue Bonds, Series 1997A in the approximate principal amount of $13,000,000 (the "Series 1997A Bonds") pursuant to the Indenture of Trust dated as of March 1, 1997 by and between the Authority and First Trust National Association, in St. Pau1, Minnesota (the "Trustee") to finance an expansion of an existing municipal parking ramp commonly referred to as the Seventh Street Ramp (the "Seventh Street Ramp") and certain public redevelopment costs related to the Downtown Redevelopment Project area (collectively, the "Project"). 2. The Series 1997A Bonds are to be secured by, among other things, the net revenues derived from the parking ramp commonly known as the Seventh Street Ramp (the "Seventh Street Ramp"). 3. The City and the Authority have heretofore entered into a Pledge Agreement dated as of June 1, 1995 (the "Prior Pledge Agreement") pursuant to which net revenues of various parking ramps and lots, including the Seventh Street Ramp, were pledged to the payment of the Authority's Variable Rate Demand Parking Revenue Bonds, Series 1995 and its Parking Revenue Refunding Bonds, Series 1945 (the 'Prior BOIlCIS��. 4. In order to facilitate the issuance of the Series 1997ABonds, it is necessary to amend the Prior Pledge Agreement to delete the Seventh Street Ramp from the definition of Parking Facilities subject to the Prior Pledge Agreement. 5. A form of the First Amendment to Pledge Agreement (the "First �nendment to Pledge Agreement") has been submitted to the City Council for approval and the Authority has requested that the City Council approve and authorize the execution of the same. 340432.2 qR -\8'� z 3 a s s � a s �o �i 12 13 14 15 �s 17 18 �s 20 21 22 23 24 2s 2s 27 2a 2s i�� •_ i � 1. The City Council hereby approves the First Amendment to Pledge Agreement and authorizes the Mayor, D'uectoz, Department of Planning and Economic Development and Director, Department of Finance and Management Services to execute the First Amendment to Pledge Agreement in substantially the form submitted. Any other documents, agreements and certificates necessary to reflect the amendment of the Pledge Agreement shall also be executed by the appropriate officers of the City. 2. The Mayor and Clerk and other officers of the City are authorized and directed to prepaze and fiunish certified copies of all proceedings and records of the City relating to the transaction described above, and such other affidavits and legality of the First Amendment to Pledge Agreement as such facts appear from the books and records in the officers' custody and control of as otherwise I�own to them; and all such certified copies, certificates and affidavits, including any heretofore furnished, shall constitute representations of the City as to the truth of al statements contained therein. 3. The approval hereby given to the First Amendment to Pledge Agreement includes approval of such additional details therein and such modifications thereof, deletions therefrom and additions thereto as may be deemed necessary and appropriate and be approved by the City's staff, City Attorney and Bond Counsel prior to their execution; said staff, City Attorney and Bond Counsel are hereby authorized to appzove said changes on behalf of the City. The officers of the City herein authorized shall be conclusive evidence of the approval of such documents in accordance with the terms hereof. In the absence of the Mayar, Director, Department of Planning and Economic Development and Director, Department of Finance and Management Services, any of the documents authorized by this resolution to be executed may be executed by any other appropriate officers. Adopted by Council: Date_�N� �`�T_ by Council Secrelary By: Approved by Mayor: Date ay: -. I .-.. . ��fi�(s� � /s �.`,+�� ; . ./. � . } . � � .!� 1� i : /✓1.��/ ' �- -'-" � Approved b Mayor for S n to Council g � ' l��C�s� 9'1— lg � �� qFFlCE/COUNpL DAT INITIA D J Y J�,J pEfl /�3� g7 GREEN SH, E CIXJi Cf PERSON & PHONE ITIRIAI IN1TfAUDASE � / � DEPAflTMENT DIRE CRY CAUNCIL v l h'� O C e�. � () - �� N YIBENFOR �CRVA'fTORNEY OCffl'CLERIC MUST BE ON CAUNGLAGENDA BY (D POMN6 O BUDGET �IRECT O FlN. & MGT. SEflVICES DIR. /�� ` �7 J� g ORDEN MpYOR (Ofl ASSISTAN'n O � d9 C / TOTAL # OF SIGNATURE PAGES � (CLIP ALL LOCATIONS FOR SIGNATURE) ACTIONPEQUESTED: .�_ . t �ii�c� � � � � � �� . pECOMMENDAnONS: npprove (N or Reieet(R) PERSONAL SERVICE CONTRACTS MUST ANSWER TNE FOLLOWING QUESTIONS: _ PLqNNINCa CAMMISSION _ C��IL SERVICE CAMMISSION �� Has this personffirm ever worked untler a conbact for this department? _ CIB CAMMmEE _ YES "NO _ S7AFF 2. Has this penonYfirm ever baen a city empfoyee? — YES NO _ DiSTpICiCOURr _ 3. Does this rson/firm ossess a skill not normall pe p y possessed by any curreM ciry employee? SUPPORTSWHICHCOUNCIL09JECTIVE? YES NO Explain ell yes answers on separete sheet anA attaeh to green sheet INRIA� G PROBLEM.ISSUE, OPPfi1RTUNIN(W�et, Wh�Wher� �� _� T .��G � � �� ,�.° � �. �� , � �� i,"� - � ) ADVA� S IF AP E� �^ � t �� n J `-Y` � _ ,_ c�ir j � � �,rGu�! �-.�- c�Y. �/�•_ � � �� ,� � ��s� � �o�av�. 1 , DISADVANTAGES IP APPROVED: / ,� [ K .(��E 7n/"'_ `� ' 'q7-" ",�-� �� / �-� � � .. L�-= � �`�"'�" " �iQ$d�E�!i 3� c,�-�.� �.,,� t �" , , _ _- � <��%Z�� i�U� � �' �� 399� �EB {?r`f 1997 �. � DISAWANTAGES IF NOT APPROVED� „`^--- _� , J Gr� e c�w�-� �ze�--� � 3 S � J a�� --�--.�"; �.�c�-� � c�. � � � -e-��,--�� - � ��-�s ��_;��.� FE6 45 1°9T ;.,€�j,{'�'t�kp�'�V � Y ��40� TOTAL AMOUN7 OF TRANSACTION $ � GOST/REVENUE BUDGE7EU (CIRCLE ONE) VES NO FUNDI(tlG SOURCE (� �� ACTIVI7Y NUMBER � /� FINANCtAI INFORhSATIpN� (EXGLAIN) . _ ("° �'°W � � �,, € �, Ytl Council File # 1 1 r � � / � � ` � � � � � '° ��'• � Green Sheet # �� JS Presented By Referred To 1 2 3 4 5 6 7 8 s �o �� 12 13 14 �s �s n ia �s 20 21 22 23 24 2s 2s 27 28 29 30 31 32 � 34 35 36 37 � PAUL, MINNESOTA Committee: Date RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF A FIRST AMENDMENT TO PLEDGE AGREEMENT 1�i/■1 : a� � 1. The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the "Authority") proposes to issue its Taxable Parking Revenue Bonds, Series 1997A in the approximate principal amount of $13,000,000 (the "Series 1997A Bonds") pursuant to the Indenture of Trust dated as of March 1, 1997 by and between the Authority and First Trust National Association, in St. Pau1, Minnesota (the "Trustee") to finance an expansion of an existing municipal parking ramp commonly referred to as the Seventh Street Ramp (the "Seventh Street Ramp") and certain public redevelopment costs related to the Downtown Redevelopment Project area (collectively, the "Project"). 2. The Series 1997A Bonds are to be secured by, among other things, the net revenues derived from the parking ramp commonly known as the Seventh Street Ramp (the "Seventh Street Ramp"). 3. The City and the Authority have heretofore entered into a Pledge Agreement dated as of June 1, 1995 (the "Prior Pledge Agreement") pursuant to which net revenues of various parking ramps and lots, including the Seventh Street Ramp, were pledged to the payment of the Authority's Variable Rate Demand Parking Revenue Bonds, Series 1995 and its Parking Revenue Refunding Bonds, Series 1945 (the 'Prior BOIlCIS��. 4. In order to facilitate the issuance of the Series 1997ABonds, it is necessary to amend the Prior Pledge Agreement to delete the Seventh Street Ramp from the definition of Parking Facilities subject to the Prior Pledge Agreement. 5. A form of the First Amendment to Pledge Agreement (the "First �nendment to Pledge Agreement") has been submitted to the City Council for approval and the Authority has requested that the City Council approve and authorize the execution of the same. 340432.2 qR -\8'� z 3 a s s � a s �o �i 12 13 14 15 �s 17 18 �s 20 21 22 23 24 2s 2s 27 2a 2s i�� •_ i � 1. The City Council hereby approves the First Amendment to Pledge Agreement and authorizes the Mayor, D'uectoz, Department of Planning and Economic Development and Director, Department of Finance and Management Services to execute the First Amendment to Pledge Agreement in substantially the form submitted. Any other documents, agreements and certificates necessary to reflect the amendment of the Pledge Agreement shall also be executed by the appropriate officers of the City. 2. The Mayor and Clerk and other officers of the City are authorized and directed to prepaze and fiunish certified copies of all proceedings and records of the City relating to the transaction described above, and such other affidavits and legality of the First Amendment to Pledge Agreement as such facts appear from the books and records in the officers' custody and control of as otherwise I�own to them; and all such certified copies, certificates and affidavits, including any heretofore furnished, shall constitute representations of the City as to the truth of al statements contained therein. 3. The approval hereby given to the First Amendment to Pledge Agreement includes approval of such additional details therein and such modifications thereof, deletions therefrom and additions thereto as may be deemed necessary and appropriate and be approved by the City's staff, City Attorney and Bond Counsel prior to their execution; said staff, City Attorney and Bond Counsel are hereby authorized to appzove said changes on behalf of the City. The officers of the City herein authorized shall be conclusive evidence of the approval of such documents in accordance with the terms hereof. In the absence of the Mayar, Director, Department of Planning and Economic Development and Director, Department of Finance and Management Services, any of the documents authorized by this resolution to be executed may be executed by any other appropriate officers. Adopted by Council: Date_�N� �`�T_ by Council Secrelary By: Approved by Mayor: Date ay: -. I .-.. . ��fi�(s� � /s �.`,+�� ; . ./. � . } . � � .!� 1� i : /✓1.��/ ' �- -'-" � Approved b Mayor for S n to Council g � ' l��C�s� 9'1— lg � �� qFFlCE/COUNpL DAT INITIA D J Y J�,J pEfl /�3� g7 GREEN SH, E CIXJi Cf PERSON & PHONE ITIRIAI IN1TfAUDASE � / � DEPAflTMENT DIRE CRY CAUNCIL v l h'� O C e�. � () - �� N YIBENFOR �CRVA'fTORNEY OCffl'CLERIC MUST BE ON CAUNGLAGENDA BY (D POMN6 O BUDGET �IRECT O FlN. & MGT. SEflVICES DIR. /�� ` �7 J� g ORDEN MpYOR (Ofl ASSISTAN'n O � d9 C / TOTAL # OF SIGNATURE PAGES � (CLIP ALL LOCATIONS FOR SIGNATURE) ACTIONPEQUESTED: .�_ . t �ii�c� � � � � � �� . pECOMMENDAnONS: npprove (N or Reieet(R) PERSONAL SERVICE CONTRACTS MUST ANSWER TNE FOLLOWING QUESTIONS: _ PLqNNINCa CAMMISSION _ C��IL SERVICE CAMMISSION �� Has this personffirm ever worked untler a conbact for this department? _ CIB CAMMmEE _ YES "NO _ S7AFF 2. Has this penonYfirm ever baen a city empfoyee? — YES NO _ DiSTpICiCOURr _ 3. Does this rson/firm ossess a skill not normall pe p y possessed by any curreM ciry employee? SUPPORTSWHICHCOUNCIL09JECTIVE? YES NO Explain ell yes answers on separete sheet anA attaeh to green sheet INRIA� G PROBLEM.ISSUE, OPPfi1RTUNIN(W�et, Wh�Wher� �� _� T .��G � � �� ,�.° � �. �� , � �� i,"� - � ) ADVA� S IF AP E� �^ � t �� n J `-Y` � _ ,_ c�ir j � � �,rGu�! �-.�- c�Y. �/�•_ � � �� ,� � ��s� � �o�av�. 1 , DISADVANTAGES IP APPROVED: / ,� [ K .(��E 7n/"'_ `� ' 'q7-" ",�-� �� / �-� � � .. L�-= � �`�"'�" " �iQ$d�E�!i 3� c,�-�.� �.,,� t �" , , _ _- � <��%Z�� i�U� � �' �� 399� �EB {?r`f 1997 �. � DISAWANTAGES IF NOT APPROVED� „`^--- _� , J Gr� e c�w�-� �ze�--� � 3 S � J a�� --�--.�"; �.�c�-� � c�. � � � -e-��,--�� - � ��-�s ��_;��.� FE6 45 1°9T ;.,€�j,{'�'t�kp�'�V � Y ��40� TOTAL AMOUN7 OF TRANSACTION $ � GOST/REVENUE BUDGE7EU (CIRCLE ONE) VES NO FUNDI(tlG SOURCE (� �� ACTIVI7Y NUMBER � /� FINANCtAI INFORhSATIpN� (EXGLAIN)