Title
Authorizing the Department of Planning and Economic Development to apply to the Metropolitan Council for Tax Base Revitalization Account fund for contamination cleanup for a project at 42 Water Street West (Farwell on Water: District Connections and Venue).
Body
WHEREAS the City has identified these contamination cleanup projects within the City that meet the Tax Base Revitalization Account’s purposes and criteria and are consistent with and promote the Metropolitan Livable Communities Act and the policies of the Metropolitan Council’s adopted metropolitan development guide; and
WHEREAS the City has the institutional, managerial and financial capability to ensure adequate project and grant administration; and
WHEREAS the City certifies that it will comply with all applicable laws and regulations as stated in the contract grant agreements; and
WHEREAS the City finds that the required contamination cleanup will not occur through private or other public investment within the reasonably foreseeable future without Tax Base Revitalization Account grant funding; and
WHEREAS the City represents that it has undertaken reasonable and good faith efforts to procure funding for the activities for which Livable Communities Act Tax Base Revitalization Account funding is sought but was not able to find or secure from other sources funding that is necessary for cleanup completion and states that this representation is based on the following reasons and supporting facts:
1. The City of Saint Paul has no general fund resources to invest in site investigations or remediation activities; and
2. Planning and Economic Development staff and private sector teams attempt to balance brownfield grant funding subsidy requests for large cleanup costs with approach to county, state and regional government programs.
BE IT RESOLVED that the City Council of Saint Paul authorizes the Director of Planning and Economic Development to submit an application for Metropolitan Council Tax Base Revitalization Account grant funds and, if the City is awarded a contamination cleanup grant for 42 Water Street W. (Farwell on Water District Connections and Venue), the City will be the grantee and agrees to act as legal sponsor to administer and be responsible for grant funds expended for the project contained in the Tax Base Revitalization grant application submitted on November 1, 2024.