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File #: RES 19-2022    Version: 1 Name: Approving the 2020 capital investment bonding priorities
Type: Resolution Status: Passed
In control: City Council
Final action: 12/4/2019
Title: Approving the 2020 capital investment bonding priorities.
Sponsors: Amy Brendmoen
Related files: RES 19-966
Title
Approving the 2020 capital investment bonding priorities.

Body
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 and economic development needs; and
WHEREAS, the City of Saint Paul supports our nonprofit community partners to request the Minnesota State Legislature to fund their capital investment needs after the City’s bonding priorities are funded; and
WHEREAS, the International Institute’s capital investment project for building a new facility will provide necessary space to increase, strengthen the education and employment programming for Minnesota’s new Americans; and
WHEREAS, Humanities Center’s capital investment request to complete urgent repairs and updates to the City of St. Paul's historic building will provide programs, offices, and an Event that serves communities statewide; and
WHEREAS, PlayWright Center’s capital investment project is to build a center to serve as an international hub for playwrights and that will provide a community gathering space, multi-purpose education classrooms and multi-use theater space; and
WHEREAS, Victoria Theater’s capital investment project is requested for acq...

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