Title
Approving the Neighborhood STAR Program Guideline modifications.
Body
WHEREAS, the Neighborhood Sales Tax Revitalization (STAR) Program was established by the Mayor and City Council on September 9, 1994, by Resolution #94-1127, to promote partnerships through neighborhood revitalization; and
WHEREAS, the purpose of the Neighborhood STAR Program is to fund capital improvements to further residential, commercial and economic development in the neighborhoods of St. Paul; and
WHEREAS, the Neighborhood STAR Board was established for the purpose of making recommendations to the Mayor and City Council on matters relating to the Neighborhood STAR program; and
WHEREAS, as part of its ongoing responsibility, at its December 13, 2019 meeting, the Neighborhood STAR Board considered several amendments to Neighborhood STAR Guidelines requiring City Council approval; and
WHEREAS, the recommended changes include: Loan Standards, Program Description, Eligibility and additional definitions in the Appendix; now therefore be it
RESOLVED, that upon the recommendation of the Mayor, and with the advice of the Neighborhood STAR Board, the Council of the City of Saint Paul does hereby adopt the changes to the Neighborhood STAR Program Guidelines as delineated on Attachment A, and hereby made part of this resolution.