Title
Establishing the Water Street Special Sanitary Sewer Availability Connection Charge District, determining the Water Street Special Sanitary Sewer Availability Connection Charge, expressing intent of the City to reimburse itself from proposed tax-exempt bond proceeds, and approving a budget amendment (Ward 2, District 3).
Body
WHEREAS, the City of Saint Paul (the “City”) is a home rule charter city organized and existing under the laws of the State of Minnesota; and
WHEREAS, under the provisions of Chapter 76 of the City’s Legislative Code, the City’s sewer utility manager has submitted to the City Council a report and recommendation (hereinafter, “Report”) that an area of the City, as described in the attached Exhibit A and, for the purposes of this resolution is hereinafter described as the “Water Street Area,” either lacks sufficient sanitary sewer capacity or requires sanitary sewer infrastructure improvements as the case may in order to meet sanitary sewer demands created by new development or uses on land parcels within the Water Street Area known as the Water Street Sanitary District Service Area; and
WHEREAS, to meet the expected demand on the sanitary sewer capacity caused by new development or uses in the Water Street Area, the Report also recommends creation of special sanitary sewer availability connection district to facilitate the recovery of sewer capacity and related infrastructure improvements (hereinafter, “Improvements”) to be incurred by the City for such Improvements which presently has an estimated total production cost (hereinafter, “TPC”) of $12,492,000 and that, but for these Improvements, new development in the Water Street Area would not occur; and
WHEREAS, the City intends to fund a portion of the TPC Improvements through a grant (hereinafter, “Grant”) from the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (hereinafter, “HRA”), in the sum of $5,887,670; and
WHEREAS, the City further intends, ...
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