Title
Approving the FY2022 Neighborhood Sales Tax Revitalization loan and grant awards. (laid over from November 2, 2022)
Body
WHEREAS, on September 28, 1994, the City Council of the City of Saint Paul established the Neighborhood Sales Tax Revitalization (STAR) Program, C.F. 94-1127; and
WHEREAS, the Neighborhood STAR Program is financed in accordance with Minnesota Statutes, Chapter 297A, authorized by the State of Minnesota, Chapter No. 375, Sec.46; 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, project activities occurring after September 1, 2022 may be eligible for Neighborhood STAR dollars; now therefore be it
RESOLVED, upon the recommendation of the Mayor, and with the advice of the Neighborhood STAR Board, the Council of the City of Saint Paul hereby approves funding for the twenty-one (21) twenty (20) 2022 Neighborhood STAR Loan and Grant Program projects as identified in the attached Financial Analysis; and be it
FURTHER RESOLVED, upon the recommendation of the Mayor, STAR funding for #22-122 DWD Group LLC ($100,000 total loan and grant), will be placed in contingency for use on security improvements including crime prevention through environmental design enhancements as recommended by the Department of Safety and Inspections and Saint Paul Police Department until licensing processes are successfully completed; and
FURTHER RESOLVED in the event Neighborhood STAR dollars are realized in 2023 from one or more 2022 Neighborhood STAR projects not moving forward, one additional project, #22-143, 651 University Avenue Sprinklers ($75,000 grant), is recommended for funding; and be it
FURTHER RESOLVED, implementation of all projects and programs identified for funding in the Twenty-eighth cycle Neighborhood STAR Large Loan and Grant Program shall conform to Part 6, Awards and Implementation of...
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