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Accepting grant funds, authorizing execution of a grant agreement (with indemnity obligations and related documents) and amending the operating budget for the Metropolitan Council’s Livable Communities Demonstration Account Affordable Homeownership Grant Program for Rondo Community Land Trust (RCLT) at 1036 Marshall Avenue (District 8, Ward 1).
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WHEREAS, RCLT, on behalf of the City of Saint Paul (the “City”) made a Metropolitan Council grant application related to RCLT’s project located at 1036 Marshall (“Application”); and
WHEREAS, the Metropolitan Council has awarded a grant of $760,169.00 to the City of Saint Paul under its Livable Communities Demonstration Account Affordable Homeownership Grant Program to benefit the RCLT affordable housing project located at 1036 Marshall Avenue in the City of Saint Paul, Minnesota;
WHEREAS, the Metropolitan Livable Communities Act (“LCA”) Demonstration Account Affordable Homeownership grant program agreement (“Grant Agreement”) requires the City to indemnify the Metropolitan Council; 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 $760,169.00 in excess of those estimated in the operating budget; now, therefore, be it
RESOLVED by Saint Paul City Council that:
1. upon the recommendation of the mayor that the $760,169.00 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 the Metropolitan Council which 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 ...
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