Title
Accepting grant funds, authorizing execution of a grant agreement (with indemnity obligations and other documents related thereto) and amending the operating budget with respect to the City’s sponsorship of a Minnesota Department of Employment and Economic Development (DEED) Contamination Cleanup grant for the benefit of The Rondo Community Land Trust’s Mixed-Use Redevelopment at 642 Selby Avenue (District 16, Ward 1).
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WHEREAS, in RES 25-579, the Saint Paul City Council resolved that the City of Saint Paul (the “City”) may act as the legal sponsor in connection with a Contamination Cleanup grant application for the benefit of The Rondo Community Land Trust (Rondo CLT) and, thereby, authorized an application to DEED related to Rondo CLT’s project located at 642 Selby Avenue (“Application”); and
WHEREAS, the DEED accepted the Application and awarded the City a $102,808 Contamination Cleanup grant for the benefit of Rondo CLT for such site (“Grant Funds”); and
WHEREAS, the DEED Contamination Cleanup grant contract (“Grant Agreement”) requires the City to indemnify DEED; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Saint Paul City Charter, does certify that there are available for appropriation funds of $102,808 in excess of those estimated in the operating budget; now, therefore, be it
RESOLVED by the Saint Paul City Council:
1. Upon the recommendation of the Mayor, that the $102,808 is available for appropriation in the Operating Budget, the City Council hereby authorizes and approves said budget, as heretofore adopted by the City Council, to be amended as outlined in the attached financial analysis.
2. the City Council hereby authorizes and approves entering into the Grant Agreement with DEED that includes an indemnification clause to accept and implement the Grant Funds consistent with the Application and applicable compliance requirements.
3. the City Council hereby authorizes and approves the City entering into a subgrant agreement(s) or loan documents with the redeveloper of the site, The Rondo Community Land Trust (or another entity owned and controlled by it that has an interest in the subject property), for the disbursement of the Grant Funds consistent with the Application, the Grant Agreement, and applicable compliance requirements.
4. the City Council hereby authorizes and approves City staff to take all actions necessary to carry out the activities authorized by this Resolution, including finalizing all documents and agreements necessary to effectuate the activities to be undertaken by this Resolution, subject to approval by the City Attorney’s Office.
5. Proper City officials are hereby authorized and approved to execute any and all documents in connection with this Resolution, subject to approval by the City Attorney’s Office.
6. This Resolution does not constitute a binding legal agreement; rather, the action taken herein shall not be effective until said documents are executed by the appropriate official(s) of the City.
Financial Analysis
See Attachment.