HomeMy WebLinkAbout19-121 - ADMIN Resolution - City Council - 2019/10/21Resolution No. 19-121
Resolution approving Subrecipient Agreement (Beltline Boulevard
Station Park and Ride project) between the St. Louis Park Economic
Development Authority and the Metropolitan Council
Whereas, the St. Louis Park Economic Development Authority (the “Authority”) is currently
administering its Redevelopment Project No. 1 ("Project") pursuant to Minnesota Statutes,
Sections 469.001 to 469.047 ("HRA Act"), and is pursuing the establishment of a tax increment
financing district within the Project to finance a portion of the costs of expected mixed-use
development in connection with the planned Southwest Light Rail Transit (“SWLRT”) Beltline
Station; and
Whereas, the Authority, the City of St. Louis Park (the “City”), and Sherman Associates
Development LLC (“Redeveloper”) have entered into a Preliminary Development Agreement dated
as of February 5, 2018, memorializing the parties’ preliminary agreements as to the conveyance
and redevelopment of certain Authority-owned property adjacent to the SWLRT Beltline Station
(the “Development”), as well as the redevelopment of certain other property owned by the
Redeveloper (the “Property”), in relevant part for the construction of a structured parking facility
(the “Ramp”) in which 268 parking stalls will be reserved for SWLRT park and ride users, and 94
parking stalls will be for the use of other users of the Development; and
Whereas, on behalf of the Authority, the City previously submitted a Congestion Mitigation
and Air Quality (“CMAQ”) grant application to the Federal Transit Administration (“FTA”) to finance
a portion of the costs of construction of the Ramp, and FTA has awarded a CMAQ grant in the
amount of $6,453,054 (the “Grant”) to be administered by the Metropolitan Council (“Met
Council”) for the benefit of the Authority as subrecipient of the Grant; and
Whereas, Met Council and the Authority have negotiated a CMAQ subrecipient agreement
(the “Grant Agreement”) in the form presented to the City Council, memorializing the terms and
conditions of the Grant, and the City Council finds that the execution thereof by the Authority and
performance of the Authority's obligations thereunder are in the best interest of the City and its
residents.
Now, therefore, be it resolved by the City Council of the City of St. Louis Park as follows:
A. The City Council hereby authorizes the Authority to execute the Grant Agreement
as presented to the City Council, subject to modifications that do not alter the substance of the
transaction and that are approved by the President and Executive Director, provided that
execution of the Grant Agreement by such officials shall be conclusive evidence of approval.
B. The City Council hereby authorizes the President and Executive Director of the
Authority to execute on behalf of the Authority the Grant Agreement and any documents
referenced therein requiring execution by the Authority, and to carry out on behalf of the
Authority its obligations thereunder.
DocuSign Envelope ID: F1041EF5-FD57-4569-B1A1-FC15E1BA1596
Resolution No. 19-121 2
Reviewed for Administration: Adopted by the City Council October 21, 2019
Thomas K. Harmening, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: F1041EF5-FD57-4569-B1A1-FC15E1BA1596