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Accepting a grant/donation from the Central Corridor Funders Collaborative in the amount of $10,000 for community promotion through The Line online magazine, and authorizing expenditure of the $10,000 grant and $6,000 from the City's Marketing Budget to further community development through publication of The Line.
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WHEREAS, the Central Corridor Funders Collaborative was formed to promote regional community and economic development and place making for businesses and individuals; and
WHEREAS, the Central Corridor Funders Collaborative has approved the granting/donation of $10,000 for ongoing publication of The Line and asks that the City serve as a fiscal agent to receive the grant and then transmit the donated funds to The Line; and
WHEREAS, the City would like to accept the donation and establish a 2015 financing and spending plan in the amount of $10,000 for this grant; and
WHEREAS, the City wishes to expend $6,000 from its Marketing Budget to add to the budget for publication of The Line; and
WHEREAS, such expenditure has a public purposes of economic and community development realized through publication of The Line; and
WHEREAS, the Mayor pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does certify that there are available for appropriation funds of $10,000 in excess of those estimated in the 2015 budget; and
WHEREAS, the Mayor recommends that the following additions, set forth in the attached Financial Analysis report, be made to the 2015 budget; now, therefore, be it
RESOLVED, that the Council of the City of Saint Paul hereby authorizes reciept of the grant money and expenditure of $6,000 from the City's marketing budget for publication of The Line; and be it
FURTHER RESOLVED, that the City Council approves the changes to the 2015 budget as defined in the attached Financial Analysis report.