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97-301< Presented By Referred To Coromittee: Date 2 RESOLUTION APPROVING TO ACCEPT A STATE OF MINNESOTA CONTA1bIINATION 3 CLEANUPGRANf AND APPROVING TI� AMENDMENT OF THE REDEVELOPMENT PLAN FOR 4 THE NEIGHBORHOOD PROJECT AREA, TF� CREATION OF A SOILS CONDITON DISTRICT AND 5 SUBDISTRTCT AND FINANCING PLAN FOR TI� HiJBBARD PROJECT 9 WHEREAS, the 1993 State of Minnesota Legislature established the Contamination Cleanup Grant Fund to 10 provide resources for remediation of polluted sites, and to provide opportunity to convert contaminated 11 property into marketable assets; and 12 13 WHEREAS, the program is administered through the State Department of Trade and Economic 14 Development;and 15 16 WHEREAS, the Housing and Redevelopment Authority of the City of 5aint Paul has approved this action on 17 march 12,1997;therefore be it 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 RESOLVED, that Mayor Norm Coleman as Chief Executive of the City of Saint Paul is hereby authorized to submit and accept the Contamination Cleanup Grant funds of the State of Minnesota's Department of Trade and Economic Development in such form as prescribed by the regulations of said Department; and be it FURTHER RESOLVED, by the mayor or his representative, the Director of the Department ofPlanning and Economic Development is further authorized to submit to the State any assurances, certifications, technical or additional information that may be required by said Department during the review of the Contamination Cleanup Grant application; and be it FURTF�R RESOLVED, that upon notification of approval of the Contamination Cleannup Grant, the Council does authorize the proper ciry officials to execute a grant agreement between the State of Minnesota and the City of Saint Paul; and be it FURTI�R RESOLVED, that Attachment A, entitled Required Material- Local Crovernment Resolution, is hereby incorporated and made part of this resolution;and be it Council File # �� vO � Green Sheet # �Z� U RESOLUTfON C1TY OF SAINT PAUL, MINNESOTA �� �`t 30� 2.01 The City Council hereby finds that the amendment of the Redevelopment P1an for the Neigkil�orhood Redevelopment Project Area and the Creation of a Soi1s Condition Tax Increment Financing District and a Hazardous Substance Subdistrict and adoption of a Tax Increment Plan therefor, are intended and, in the judgment of the City Council, its effect will be, to clean up polluted land within the City, provide an impetus for the development, to increase the tax base and employment and otherwise promote certain public purposes and accomplish certain objectives as specified in the Redevelopment Plan, as modified, and Tax InCrement Financing Plan. 2.02 The City Council hereby finds that the Ta�c Increment Financing District qualifies as a"soils condition district" within the meaning of Minnesota Statutes, Section 469.174, Subdivision 19, for the following reasons: (a) There are hazardous substances located on property within the Soils Condition District which require removal or remedial action before the property may be developed; (b) the estimated cost of the proposed removal and remediation action exceeds the fair market value of land before completion of the preparatibn; and (c) the proposed removal or remediation action is specified in a development action response plan submitted to the Minnesota Pollution Control Agency ("MPCA") and the actions recommended in the plan has been approved by the MPCA as reasonable and necessary to protect the public health, welfare and environment. The reasons and supgorting facts for the above findings are as follows: The Schnitzer Property is on the Permanent List of Priorities for the State of Minnesota. The Univer5ity of Minnesota, the current fee owner of the property, has obtained approval of a Revised Response Action Plan from the MPCA. The University estimates that the costs of clean-up and remediation are approximately $4,900,000, and 345562.1 2 Increment Financing Plan there£or. G� �o \ 1 2 3 4 S 9 10 11 12 13 14 is 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 5� the fair market value of the property is approximately $625,000. 2.03 The City Council hereby makes the following additional findings: (a) The City Council further finds that the proposed development, in the opinion of the City Council, would not occur solely through private investment within the reasonably foreseeable future and, therefore, the use of tax increment financing is deemed necessary. The specific basis for such finding being: The presence of hazardous substances on land in the Tax Increment District makes the use of tax increment financing necessary to defray, in part, the costs of clean-up and remediation. Without such clean-up and remediation, the land would not be developed. (b) The City Council further finds that the Tax Increment Financing Plan conforms to the general plan for the development or redevelopment of the City as a whole. The specific basis for such finding being: The Tax Increment Financing Plan will generally compliment and serve to implement policies adopted in the City's comprehensive plan. The development contemplated to occur on the property is in accordance with the existing zoning for the property. (c) The City Council further finds that the Tax Increment Financing Plan wi11 afford maximum opportunity consistent with the sound needs of the City as a whole for the development of the Soils Condition District by private enterprise. The specific basis for such finding being: The clean-up and remediation will make the land available for development by Hubbard Broadcasting, an owner of adjacent property. Hubbard, or an affiliate, has agreed to construct improvements having a minimum market value of $2,500,000. The property will also be transferred from a tax exempt owner to a tax paying entity. (d) For purposes of compliance with Minnesota Statutes, Section 469.175, Subdivision 3(2), the City 345562.7 ��3V` 1 2 3 4 5 6 7 8 9 10 li 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 40 41 42 43 44 45 46 47 Council hereby finds that the increased market value of the property to be developed within the Tax Increment District that could reasonably be e�ected to occur without the use of ta�s increment financing is $0, which is less than the market value estimated to result from the proposed development after subtracting the present value of the projected tax increments for the maximum duration of the Tax Increment District. In making these findings, the City has noted that the property has been undeveloped for many years and would likely remain so if tax increment financing is not available. Consequently, the Council reasonably expects that the increase in the market value of the property in the Tax Increment District, without the aid of tax increment financing, would be $0. In addition, based on current estimates, it appears that the market value of the future development will be at least $3,125,000 with tax increment financing. The expected present value of the tax increment over 12 years, which is the maximum duration of the Tax Increment District as set forth in the Tax Increment Financing P1an is substantially less than $3,125,�00. Thus, the use of tax increment financing will be a positive net gain to the City, the School District, and the County, and the tax increment assistance does not exceed the benefit which will be derived therefrom. 2.04. The provisions of this Section 2 are hereby incor- porated by reference into and made a part of the Tax Increment Financing Plan for the Soils Condition District and Subdistrict. therefor. 3.01. The amendment of the Redevelopment Plan for the Neighborhood Project Area and the creation of the Soils Condition Tax Increment Financing District and Hazardous Substance Subdistrict and the Tax Increment Financing Plan therefor, are hereby approved. 3.02. The Soils Condition District and the Subdistrict are exempt from the reduction in state aid because the City and Authority have elected to make the qualifying local contribution pursuant to Minnesota Statutes, Section 273.1399, subdivision (d) . 345562.1 � �1--3 0 \ 1 3.03. The staff of the City and the Authority and their 2 advisors and legal counsel are authorized and directed to proceed 3 with the implementation of the Soils Condition Tax Increment 4 Financing District and the Hazardous Substance Subdi5trict and 5 the Tax Increment Financing Plan there£or. Requested by Department of: by Council Secretary a —s � -�� _ Approved by Mayor. Date� � ���' By: � Form A rovetl b�ry�ney � I' io� Approved by�or Submission to Coundl / .� / gy � /�r 345562.1 Adopted by Council: Date 1'\� �� •���� .. . a�t 30� �EtM1R7\IRi7lOFFICE/COUNqL DATE INRIATED �„Q}- �J1- � y�f �� c �� ,¢,,,�,, � ,� �—� � GREEN SHEE ' IAwA CONiACf PERSON 8 PHONE O DEPARTMENT DIRECTOF CT' COUNpL � t � , y�-+K 6 -- �Q A���N CffYATTORNEV�� �CITYCIEflK T BE ON CO C AGENDA BY OATE NUYHEfl FOA N ( � ROUTING BUDGET DIpECTOR � FIN. & MGT. SERVICES DIR. �_ _ ORDER a MpyOR (OF ASSISTAtJn � T OF NATURE PAGES (CLfP ALL LOCATIONS FOR SIGNATURE) ACTION AE�UESTED: ff'�yt�v.a.. Jl� a.cc.z�te.,,�a_ O O� S fi�G�th�rninei �in3 �/�. h�' �- t s, .� o., b b .- �r j �e ��-, G�a�v1 t c � � � �} �e RECAMMENDATIONS: Appmve (A) or Feject (p) pEpSONAL SERYICE CONiRACTS MUST ANSWER THE FOLLOWING QUESTIONS: __ PLANNING COMMISSION _ CIVIL SERVICE WMMISSION 1. Has this perSOnRirm ever worketl untler a contract for this departmerit? _ CIB COMMITTEE _ �'ES NO _� 2. Has this person�rtn ever been a ciry employee? — YES NO _ olsiRic7 COURT _ 3. Does this personRirm possess a sk�il not nrnmalYy possessed by arry cunent city employae? SUPPOATS WHICH COUNCIL OBJECTIVE? YE$ NO Explain all yes answers on separate sheet and attaeh to green sheet . INITIATING PROBLEM, ISSUE, OPP4IRTUNIN (Wha, What, When, Where, Why): �hsz �-{`?ff�Gi�y � a�s o��� �a L �ar O�- S7-o�y�.o- of h� f`rrh..rc.r��a, G o h to.m i h a ��On C^r �a .� � d�s� 8., 1'� �2`a�S d��� �o, G zr o atC c u� t � h.sZ � 66iv/�. Z/�� ��✓ O��ps-a�-.eC- �.h.l� l°Lp�n e�.�a` � � Z'�� H�.b�o��� �ye'� �� an m�r�h /a,� l��? ��e� �ti.� c�Xy �.Q�e�s �o a 2 i°�o.n o�al6�zteo( �}� Z-`h�- l'/J°�• ADVANTAGESIFAPPROVED: (! �� �S? _ S/ EC.�"�. G�-pC ✓l �S fi�. Y.lL._ GL < C.��-' �2 O�_ _ DISAWANTAGES IF APPROVED: I\id h �-- . � �, G �°°;�:; �_� V.s� �� ae �:'i�g� �a�'t;3§�i �W�a'�a, 2 �. 1�97 s� DISAOVANTAGES IF NOT APPROVED� �l� s� �o s-o j�_ct � � n a. n c i n� u�d u� L cZ s-� 0 z� .L�rlt_ c�h�L.Q, �� 70TAL AMOUNT OF TRANSACTION $ COST/REVENUE BUDGE7ED (CIRCLE ONE) YES N� FUNDIWG SOURCE AG71VI7Y NUMBER FINANCIAL INFORRFATION (EXPLAIN) a Attachment A �� 3c� \ ZtESOLUTi01H OF APPLICANT• Applicants must adopt azid submit the following resolution. This resolution must be adopted prior to submission of the application package. BE IT RBSOLVED thaz Citv of St. Paul. MN act as the legal sponsor for project(s) (Appiicant} contained in tha Contamination Cleanup Cnant Program to be submitted on N��P�r,P,-. i qaF (DaY, Month, Yeaz) and that Mavor Norm coleman is hereby authorized tn apply ta the Depa�mient of (Tifle of Authorizad Q£ficis!) ; Trade and Economic Development for funding of this pzoject on behalf of City of St. Pau1, Minnesota {Applicant) BE IT FURT'HER RESOLVED that_citv of st pa � rtx has the legal authoriiy to (Applicant) apply for financial assistanca, and the irstitutional, managerial, and fmanciaL capability to ensi�ra adequate project administratian. BE IT FUR'Y'HER RESOLVEA that the sources and amounu of the local match identifiad in the application are committed to tha project identi$ed. BE IT FURTHER RESOLVED that City of St. Pau1, MN (Applicant) has not violated any Federal, State oc local laws pertaining to fraud, bribery, �aft, kickbacks, collusion, 12 V3/18/97 17:56 FA% 6122965287 DTED conflict of intersst or other unlawful or comipt pracrice. BE IT FUgTi�R RESOLVBD that upon approvsl of its application by the state, r.� � � �� J�\ city of st. Panl, rtri �y encer inm an agreement with the State of hfinnesota for (Applicaat) the above refereaced pzoject(s}, and that Citv of St. Pa��lcextiftes that it will comply with (Applicant) alI applicable laws and regulation as stated in all contract agreements� NOW, Tf$REFOIZE BB TT RBBOLVED ihat Mayor Norm Coleman is heteby (Tifle of Aurhorized Officisl} authorized to execute such agreements as are necessary to implement the praject(s} on behalf of the applicanX I CERTIFY THAT the above resolution was adopted by the City Council (City Couacil,.C�unty Bosrd, etc.) of the Citv of Sainr Pa,i rma on . (Applic8nt) (Date) SIGNED: WITNESSED: {Authozized OfFicial) (Signat+us) (Tide} (Dafe) (Tide) 13 (Data) a i a 3 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 40 41 BE IT RESOLVED by the City Council of the City of Saint Pau1, Minnesota (the "City��j as follows: Section 1. Recitals 1.01. The Housing and Redevelopment Authority of the CiCy of Saint Paul, Minnesota (the "Authority") has asked the City to approve (a) an amendment to the Redevelopment Flan for the Neighborhood Redevelopment Project Area to expand its boundaries; (b) the creation of a Soils Condition Tax Increment Financing District covering the property commonly referred to as the Schnitzer Property (the "Soils Condition District") and a Hazardous Substance Subdistrict, the boundaries of which will be coterminous with those of the Soils Condition District ("Subdistrict"), and (c� the adopt�}on of a Tax Increment Financing Plan therefor, all pursuant to and in accordance wi�h Minnesota Statutes, Sections 469.00l.through 469.047, both inclusive, as amended, and Minnesota Statutes, Sections 469.174 to 469.179, both inclusive, as amended. 1.02. The Authority has performed all actions required by law to be performed prior to the amendment of the Redevelopment Plan and the creation of the Soils Condition District and the Subdistrict and the adoption of a Tax Increment Plan therefor, including, but not limited to, notification of Ramsey County, the County Commissioner representing the portion of the County in which the Soils Condition District is proposed to be created and Independent School District Number 625, and has requested that the City approve Che adoption of the Tax Increment Financing Plan and the creation of the Soi1s Condition District and Subdistrict following the holding of a public hearing upon published and mailed notice as required by law. 345562.1