Title
Approving the use of grant funds through the Mayor’s Office Neighborhood Star Year-Round Program for TMREIT, LLC.
Body
WHEREAS, on February 16, 2024, the Neighborhood STAR Board reviewed a proposal for STAR grant financing through the Mayor’s Office Neighborhood STAR Year-Round Program from TMREIT, LLC; and
WHEREAS, the Neighborhood STAR Board rates grant requests on a scale from 1 (low) to 5 (high) with TMREIT, LLC receiving a final score of 4.75; and
WHEREAS, it is the intent of the Mayor and the Saint Paul City Council to participate in the financing of this activity by providing grant financing up to $25,000 for TMREIT, LLC; now be it
RESOLVED, that by the City Council of the City of Saint Paul, upon the recommendation of the Mayor that funds are available for appropriation, that the Neighborhood STAR award described above is hereby approved; and be it
FURTHER RESOLVED, that staff of the Department of Planning and Economic Development are further authorized and directed to proceed with all other actions necessary to implement this Resolution, including finalizing all documents and agreements, subject to approval by the City Attorney’s Office; and be it
FURTHER RESOLVED, that the proper City official(s) are hereby approved and authorized to execute any and all documents in connection with this Resolution, subject to approval by the City Attorney’s Office; and be it
FINALLY RESOLVED, that this Resolution does not constitute a binding legal agreement; rather, the action taken herein shall not be effective until said documents are executed by the appropriate official(s) of the City.