Title
Approving an amendment to the spending and financing budget for the Ford Site Redevelopment Capital project and Hidden Falls Connection project to reflect receipt of the State of Minnesota Point Source Implement Grant (PSIG) for the Ford Site Central Stormwater Utility and related facilities as well as updated cost estimates and related sources on the Mississippi River Boulevard crossing project, also commonly referred to as the Hidden Falls Connection project.
Body
WHEREAS, pursuant to Resolution No. PH 19-388, the City of Saint Paul approved the execution of a redevelopment agreement and related documents for the Ford Site Redevelopment Project, now known as the Highland Bridge redevelopment project (District 15, Ward 3), and approved a Capital Improvement Budget for the Ford Site Redevelopment Project (“Project”); and
WHEREAS, in Resolution No. 19-226, the City authorized the submission of a PSIG application to the Minnesota Public Facilities Authority (PFA), and the City has recently secured a PSIG grant in the amount of $7,000,000 from the State of Minnesota to fund stormwater management infrastructure and the grant will offset or reduce the other anticipated City sources to the project; and
WHEREAS, in Resolution No. PH 20-185 the City revised the Capital Improvement Budget to reflect receipt of a grant in the amount of $1,721,063 from the Capital Region Watershed District for certain elements of the Project and to assist in the funding of enhanced infrastructure connecting the Ford Site to Hidden Falls Regional Park by continuing a daylighted creek to link the new upstream system and the existing downstream regional park while also facilitating safe and accessible non-motorized transportation under Mississippi River Boulevard; and
WHEREAS, after further design and engineering the revised budget further reflects increased capital costs for the Hidden Falls project and adjustments to pay for non-grant eligible costs; and
WHEREAS, the Mayor, p...
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