Title
Amending the 2015 budget in the amount of $14,000,000 to accept certain grants from the State of Minnesota for the Renovation and Expansion of the Minnesota Children’s Museum; and approving and authorizing execution of State Grant Agreement(s) and related documents, Amended and Restated Lease/Use Agreement and related documents, and a STAR Loan Agreement and related documents (Ward 2, District 17).
Body
WHEREAS, in 2014 the Minnesota Legislature approved a GO Bond Grant of $6,515,000 and General Funds Grant of $7,485,000 (collectively, the “Grant”) for the Renovation and Expansion of the Minnesota Children’s Museum in downtown Saint Paul (“Project”), by Chapter 294, Article 1, Section 21, Subd. 17 and by Chapter 295, Section 10, Subd. 12 as amended by MN Laws 2015, Chapter 2, Article 4, Section 3; and
WHEREAS, City of Saint Paul staff has negotiated the terms and conditions of an Amended and Restated Lease/Use Agreement with Minnesota Children’s Museum and other related documents (collectively, the “Lease Documents”) and one or more Grant Agreements for construction, 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, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does hereby certify that $14,000,000 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; and
WHEREAS, the City Council has approved $1,010,000 in Cultural STAR funding for the Minnesota Children’s Museum in RES #15-1017 for use in the Project and City staff has negotiated terms and conditions of a Cultural STAR Capital Project Loan Agreement and other related documents (collectively, the “STAR Agreements”); and
WHEREAS, a public hearing on this resolution was held before the City Council on this date hereof, Oct...
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