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Accepting grant funds, authorizing execution of a grant agreement with indemnity obligations and amending the operating budget for the City's sponsorship of a Metropolitan Council Livable Communities Act Pre-Development Grant Program for 680 and 694 Minnehaha Ave E (Hamm’s Brewery II, District 4, Ward 7).
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WHEREAS, in RES 23-940, Saint Paul City Council resolved that the City may act as the legal sponsor in 680 and 694 Minnehaha Ave E (Hamm’s Brewery II) Pre-Development grant application and, thereby, authorized an application to the Metropolitan Council related to 680 and 694 Minnehaha Ave E (Hamm’s Brewery II) project of a facility located at 680 and 694 Minnehaha Ave E. (“Application”); and
WHEREAS, the Metropolitan Council accepted the Application and awarded the City a $200,000 Pre-Development grant for the benefit of 680 and 694 Minnehaha Ave E (Hamm’s Brewery II) (“Grant Funds”); and
WHEREAS, the Metropolitan Council 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 $200,000 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 $200,000 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. City Council hereby authorizes and approves entering into a Grant Agreement with the Metropolitan Council which includes an indemnification clause to accept and implement the Grant Funds consistent with the Application and applicable compliance requirements.
3. ...
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