Title
Amending RES 23-1515, Authorizing the City's ranked list of 2024 State G.O. bonding requests for submittal to Minnesota Management and Budget (MMB).
Body
WHEREAS, the City of Saint Paul City Council passed RES 23-1515 on October 4, 2023, with the City's ranked list of 2024 State G.O. bonding requests for submittal to Minnesota Management and Budget (“MMB”); and
WHEREAS, MMB has advised the City of Saint Paul (“City”) that if the City wishes to change either project rankings or costs, a new or amended resolution from the Saint Paul City Council is required; and
WHEREAS, the City of Saint Paul wishes to adjust project cost amounts requested by the City of Saint Paul; and
WHEREAS, the City of Saint Paul wishes to adjust projects listed for the City’s previously ranked list of 2024 State G.O bonding requests passed in RES 23-1515 by the Saint Paul City Council; and
WHEREAS, the City of Saint Paul recognizes that all State G.O. bonds have certain common requirements. They must be for a public purpose, authorized in the constitution, specified in law, and mature in not more than 20 years; and
WHEREAS, the City of Saint Paul understands that the principal purpose for which state G.O. bonds are issued is to acquire and better public land and buildings and to make other public capital improvements; and
WHEREAS, the City of Saint Paul understands that a capital project, in general, is to acquire or improve fixed assets, such as land or buildings; and
WHEREAS, the City of Saint Paul understands that bonds issued under the capital improvements provision may only be for publicly owned projects, whether state or local; and
WHEREAS, the City of Saint Paul requests support from the Minnesota State Legislature to fund capital projects to improve the City’s infrastructure, public recreation, and economic development needs, understanding that City projects must be ranked; and
WHEREAS, the City of Saint Paul supports requests to the Minnesota State Leg...
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