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 Metropolitan Council Livable Communities Demonstration Account Transit Oriented Development (“TOD”) Pre-Development Grant for the benefit of the 678 N Snelling Ave project located at 678 Snelling Avenue North (District 11, Ward 4).
Body
WHEREAS, in RES 20-1450 the City Council of the City of Saint Paul resolved that the City may act as the legal sponsor in 678 N Snelling Ave’s TOD Pre-Development grant application and, thereby, authorized an application to the Metropolitan Council related to 678 N Snelling’s Pre-Development project of a facility located at 678 N Snelling Ave (“Application”); and
WHEREAS, the Metropolitan Council accepted the Application and awarded the City a $45,000 TOD Pre-Development grant for the benefit of the redeveloper of 678 N Snelling Ave (“Grant Funds”); and
WHEREAS, the Metropolitan Council TOD Pre-Development grant contract (“Grant Agreement”) requires the City to indemnify 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 $45,000 in excess of those estimated in the operating budget; now, therefore, be it
RESOLVED by the City Council of the City of Saint Paul:
1. that upon the recommendation of the Mayor that the $45,000 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. that the City Council hereby authorizes and approves entering into a Grant Agreement with the Metropolitan Council which includes an indemnification clause to...
Click here for full text