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 Demonstration Account for Affordable Homeownership Grant for the benefit of The Rondo Community Land Trust’s Mixed-Use Redevelopment at 642 Selby Avenue (District 8, Ward 1).
Body
WHEREAS, in RES 25-1443, the Saint Paul City Council resolved that the City of Saint Paul (the “City”) may act as the legal sponsor in connection with a Metropolitan Council Affordable Homeownership Grant application for the benefit of The Rondo Community Land Trust (“Rondo CLT”) and, thereby, authorized an application to the Metropolitan Council related to the mixed-use redevelopment project located at 642 Selby Avenue (“Application”); and
WHEREAS, the Metropolitan Council accepted the Application and awarded the City a $900,000 Affordable Homeownership grant for the benefit of Rondo CLT’s mixed use redevelopment project (“Grant Funds”); and
WHEREAS, the Metropolitan Council Livable Communities’ Affordable Homeownership Grant contract (“Grant Agreement”) requires the City to indemnify the Metropolitan Council; and
WHEREAS, by this Resolution, the Council authorizes acceptance of Affordable Homeownership Grant, amends the 2026 Budget and authorizes execution of a grant agreement with 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 $900,000 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 $900,000 is available for appropriation in the Operating Budget, the City Council hereby authorizes and approves said budget, as heretofore adopted ...
Click here for full text