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File #: RES PH 15-290    Version: 1
Type: Resolution-Public Hearing Status: Passed
In control: City Council
Final action: 10/7/2015
Title: Accepting a Livable Communities Demonstration Account (LCDA) Grant from the Metropolitan Council and amending the 2015 Budget.
Sponsors: Russ Stark
Attachments: 1. Attachment B - Financial Analysis

Title

Accepting a Livable Communities Demonstration Account (LCDA) Grant from the Metropolitan Council and amending the 2015 Budget.

 

Body

WHEREAS, the City Council on July 9, 2014, by Resolution number 14-1158 authorized the Director of the Department of Planning and Economic Development to apply to the Metropolitan Council for Livable Communities Demonstration Account (LCDA) for Vandalia Towers Project; and

 

WHEREAS, the Metropolitan Council approved an LCDA grant of $650,000 for Vandalia Tower.

 

WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does hereby certify that $650,000 in funds are available for appropriation in excess of those estimated in the 2015 budget and recommends the changes to the 2015 budget identified on Attachment A:

 

NOW THEREFORE, BE IT RESOLVED, that the City Council of Saint Paul accepts this grant and approves the changes identified on Attachment B to the 2015 budget.

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