Title
Approving the execution of the third amendment to the second agreement with the Saint Paul RiverCentre & Convention Authority.
Body
WHEREAS, pursuant to authority granted by 2005 Minn. Laws, Chapter 152, Article 1, Sections 1 and 38, the Saint Paul City Council in 2005 adopted a resolution authorizing the City of Saint Paul (the “City”) to enter into a contract with the Saint Paul RiverCentre & Convention Authority (the “Authority”), to equip, maintain, manage, and operate the Saint Paul RiverCentre and to market and promote the city of Saint Paul as a tourist and convention destination; and
WHEREAS, the City entered into a three (3) year agreement (the “First Agreement”) with the Authority on September 30, 2005; and
WHEREAS, the term of the First Agreement expired on December 31, 2008; and
WHEREAS, the City entered into a second agreement with the Authority on January 1, 2009, which was then amended and extended twice (collectively, the “Second Agreement”); and
WHEREAS, the term of the Second Agreement, as amended, expired on December 31, 2017; and
WHEREAS, the City and the Authority wish to extend the Second Agreement for another three (3) years with a third amendment (the “Third Amendment,” attached as Attachment A), effective as of January 1, 2018, the terms and conditions of which will be substantially similar to those already contained in the Second Agreement, on file with the Office of Financial Services; now, therefore, be it
RESOLVED, that the City Council of the City of Saint Paul approves the Third Amendment, attached as Attachment A; and
BE IT FURTHER RESOLVED, that City staff and legal counsel for the City are further directed and authorized to take all actions necessary to implement this Resolution, and to execute all necessary documents, consents and instruments in connection therewith.