Title
Amending the 2014 budget in the amount of $9,000,000 to accept a grant from the State of Minnesota for the renovation of the Twin Cities Public Television Building; and approving and authorizing execution of State Grant Agreement and related documents, Ground Lease, Lease/Use Agreement and related documents, and an amended Cultural STAR Grant Agreement, Ward 2, District 17.
Body
WHEREAS, in 2014 the Minnesota Legislature approved a $9,000,000 grant for the Renovation of the Twin Cities Public Television Building in downtown Saint Paul ("Project"), by Chapter 294, Article 1, Section 21, Subd. 20 ("Grant"); and
WHEREAS, City of Saint Paul staff has negotiated the terms and conditions of a Ground Lease, with Twin Cities Public Television, Inc., and a Lease/Use Agreement with Twin Cities Public Media Commons, and other related documents (collectively the "Lease Documents") and a General Obligation Bond Proceeds Grant Agreement-Construction Grant, and other related documents with the Department of Employment and Economic Development for the State of Minnesota (collectively the "State Construction Grant Documents"); and
WHEREAS, City staff has reviewed the terms and conditions of a sublease between Twin Cities Public Media Commons, as sublessor, and Twin Cities Public Television, Inc, as sublessee, and finds it to be consistent with the Lease Documents ("Sublease"); and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does hereby certify that $9,000,000 in funds are available for appropriation in excess of those estimated in the 2014 budget and recommends the changes to the 2014 budget identified on Attachment A; and
WHEREAS, the City and TPT have executed a Cultural STAR Grant Agreement dated November 16, 2011 for use in the Project and the timelines, compliance documents and eligible uses of funds for construction of the Project need to be updated to reflect the current schedule and scope of the Project as ...
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