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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 LSBD St. Paul Broadway II, LLC for its project known as Ember on Pine located at 500 Broadway Street (District 4, Ward 2).
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WHEREAS, in RES 26-454, 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 LSBD St. Paul Broadway II, LLC, a Minnesota corporation, and, thereby, authorized an application to DEED related to LSBD St. Paul Broadway II, LLC’s project known as Ember on Pine located at 500 Broadway Street (“Application”); and
WHEREAS, DEED accepted the Application and awarded the City a $204,200 Contamination Cleanup grant for the benefit of LSBD St. Paul Broadway II, LLC 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 $204,200 in excess of those estimated in the operating budget; now, therefore, be it
RESOLVED by Saint Paul City Council:
1. Upon the recommendation of the mayor that the $204,200 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 DEED which includes an indemnification clause to accept and implement the Grant Funds consi...
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