Title
Authorizing the Department of Parks and Recreation to accept state bonding funds and enter into a grant agreement, which includes an indemnification clause.
Body
WHEREAS, the State Legislature appropriated $6,000,000 to the Minnesota Department of Employment and Economic Development for a grant to the City for construction of the North End Community Center in Minnesota Laws 2023, Chapter 71, Article 1, Section 14, Subdivision 36; and
WHEREAS, Res PH 23-222 amended the City’s capital budget to reflect said funds; and
WHEREAS, the Department of Parks and Recreation wishes to accept said grant funds and enter into an agreement for the funds, which includes an indemnification clause; and
WHEREAS, a requirement of said grant agreement is the recording of a declaration on the deed of the project property that declares that said property is “bond financed property” for 125% of the useful life of the funded improvement; and
WHEREAS, the City Council finds that there is a public purpose in expanding recreational and social opportunities to residents of the North End; now, therefore, be it
RESOLVED, by the City Council of the City of Saint Paul, that the appropriate City officials are authorized to enter into an agreement with the Minnesota Department of Employment and Economic Development for the aforementioned funding, which includes an indemnification clause; and, be it
FURTHER RESOLVED, that the appropriate City officials are hereby authorized to execute and record a deed declaration for the funded project.