HomeMy WebLinkAbout25-147 - ADMIN Resolution - City Council - 2025/11/17
Resolution No. 25-147
Approving amendment to the contract for private development for
PPL Union Park Community Limited Partnership
Be it resolved by the city council (the “city council”) of the City of St. Louis Park,
Minnesota (the “city”) as follows:
Section 1. Recitals; authorization.
1.01. The city has heretofore created an Affordable Housing Trust Fund, which is funded
in part with pooled tax increment derived from property within certain tax increment financing
districts within the city as provided in Laws of Minnesota 2022, First Special Session, Chapter 14,
Article 9, Section 5. The city is authorized to make loans from its Affordable Housing Trust Fund to
provide funding for affordable housing developments in the city.
1.02. To facilitate the development of certain property within the city, the St. Louis Park
Economic Development Authority (the “authority”), the city, PPL Union Park Community Limited
Partnership, a Minnesota limited partnership (the “developer”), and PPL SLP LLC, a Minnesota
limited liability company and the general partner of the developer (the “general partner”), entered
into a contract for private development on Oct. 18, 2023 (the “original agreement”) which
provides for the construction by the developer of 60 units of multifamily rental housing,
approximately 70 underground parking stalls, and approximately 9 surface parking stalls (the
“minimum improvements”) on certain property legally described and provides a loan from the city
in the principal amount of $650,000 (the “AHTF loan”) to the developer from the city’s Affordable
Housing Trust Fund to assist with the costs of the minimum improvements.
1.03. In addition, to the AHTF loan, the authority also agreed to provide proceeds of
an environmental response fund grant in an amount not to exceed $177,000 (the “grant”)
made by Hennepin County through its Environment and Energy Department to the general
partner; and
1.04. Due to delays in the construction of the minimum improvements, Hennepin
County requested certain changes to its grant agreement (the “grant agreement”) with the
authority which require changes to the original agreement.
1.05. The parties have prepared a first amendment to contract for private
development (the “amendment”) to reflect the updated grant agreement.
Section 2. Development documents.
2.01. The city council hereby approves the amendment in substantially the form
presented to the city council, together with any related documents necessary in connection
therewith, including without limitation, all documents, exhibits, certifications, or consents
referenced in or attached to the amendment (collectively, the “development documents”).
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2.02. The city council hereby authorizes the mayor and city manager, in their
discretion and at such time, if any, as they may deem appropriate, to execute the development
documents on behalf of the city, and to carry out, on behalf of the city, the city’s obligations
thereunder when all conditions precedent thereto have been satisfied. The development
documents shall be in substantially the form on file with the city and the approval hereby given
to the development documents includes approval of such additional details therein as may be
necessary and appropriate and such modifications thereof, deletions therefrom and additions
thereto as may be necessary and appropriate and approved by legal counsel to the city and by
the officers authorized herein to execute said documents prior to their execution; and said
officers are hereby authorized to approve said changes on behalf of the city. The execution of
any instrument by the appropriate officers of the city herein authorized shall be conclusive
evidence of the approval of such document in accordance with the terms hereof. This
resolution shall not constitute an offer and the development documents shall not be effective
until the date of execution thereof as provided herein.
2.03. In the event of absence or disability of the officers, any of the documents
authorized by this resolution to be executed may be executed without further act or
authorization of the city council by any duly designated acting official, or by such other officer
or officers of the city council as, in the opinion of the city attorney, may act in their behalf.
Upon execution and delivery of the development documents, the officers and employees of the
city council are hereby authorized and directed to take or cause to be taken such actions as
may be necessary on behalf of the city council to implement the development documents.
Section 3. Effective Date. This resolution shall be effective upon approval.
Reviewed for administration: Adopted by the city council November 17,
2025:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
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