FROM THE CAPITAL IMPROVEMENT BUDGET
— St. Paul street program: $15.5 million would fund citywide street improvements, including an expansion of the Grand Round pedestrian- and bicycle-path along Wheelock Parkway
— Scheffer Recreation Center: Located on Thomas Avenue in Frogtown, the rec center is budgeted for $4.6 million in improvements in 2018, followed by a tentative $5.4 million in 2019.
— Lafayette Road: From University Avenue to Otsego Street, the Lafayette Road bridge over the railroad tracks would be budgeted for $2.09 million in improvements in 2018 and a tentative $2.24 million in 2019.
— Griggs Park: A new park along Metro Transit’s Green Line would get a $1.5 million boost.
— Playgrounds: The Eastview Play Area and Western Sculpture Park Play Area would receive more than $600,000 between them over the next two years.
— Margaret Street bike boulevard: $320,000 in funding for the long-awaited bike boulevard.
"Because of a Minnesota Supreme Court decision last summer, the city eliminated its "right of way" maintenance assessment, which covers services including snow plowing, tree trimming and pothole filling. Coleman's plan shifts $30 million in those fees to the city's general fund.
With that shift, the 2018 property tax levy — the total amount collected — will rise by 23.9 percent."
"Issuers of all types of securities – stocks and bonds – in all different capital markets around the world continually debate the value of investor relations. The debate comes down to this: is an investor outreach program a necessary cost, or is it an investment from which an issuer can expect a return on it’s investment over the long-term?"
"A zoning plan for the Highland Park site recently got a well-deserved green light from the city’s Planning Commission. And though the plan has significant opposition from some neighbors, it should move forward. The zoning proposal represents a practical vision for a more densely populated, mixed-use urban village overlooking the Mississippi River."
StPaulbonds.com received media attention from the local paper and from The Bond Buyer.
St. Paul Mayor Chris Coleman “had challenged us to be more transparent in our investor relations and our bond sales,” said Todd Hurley, director of the city’s Office of Financial Services. “I’m happy to say I think we succeeded in that with the development of StPaulBonds.com. This is essentially a one-stop shop for investors in our city to get all the relevant information about the city’s finances and our bond sales.”
Fitch Ratings has assigned a 'AAA' rating to the following Saint Paul, MN (the city) general obligation (GO) bonds:
--$11 million capital improvement bonds series 2017A;
--$23.7 million public safety bonds series 2017B.
The city's Issuer Default Rating (IDR) is 'AAA'.
The Rating Outlook is Stable.
The bonds are scheduled for competitive sale on March 8. Proceeds will be used to finance various capital projects, finance certain public safety projects, and advance refund the city's series 2008C bonds on a crossover basis.
Treasure Island Resort and Casino has entered an agreement for naming rights for the redeveloped building which will include a rooftop practice facility for the NHL's Minnesota Wild.
The city of St. Paul and the Ford Site Planning Task Force will host a public meeting on March 7 to discuss one of the more controversial questions related to Ford’s former Twin Cities auto manufacturing plant: zoning.
On Monday, the city of St. Paul will host the first of three community meetings to discuss a potential Climate Action Plan — an organized effort to improve energy efficiency in buildings and homes, increase reliance on renewable energy and lower the city’s “carbon footprint” to nil by the year 2050.