Title
RESOLUTION AUTHORIZING A DEVELOPMENT AGREEMENT WITH ST. MARY’S DULUTH CLINIC HEALTH SYSTEM, FOR THE DESIGN AND CONSTRUCTION OF PUBLIC REALM PRIVATE INFRASTRUCTURE RETAINING WALLS AS PART OF THE DULUTH REGIONAL EXCHANGE DISTRICT, IN THE AMOUNT OF $3,473,578.00.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to enter into a Development Agreement for the design and construction of public realm private infrastructure retaining walls located on adjacent to the rights-of-way for 4th Avenue East, 2nd Street, Superior St, and along the alley above Superior St. (the “Retaining Walls”), Regional Exchange District Project, substantially the same as that attached hereto as Exhibit A, with St. Mary’s Duluth Clinic Health System dba Essentia Health (“Essentia”), a Minnesota nonprofit corporation, pursuant to which Essentia will cause the design and construction of the Retaining Walls; and pursuant to which the city will reimburse Essentia for costs thereof in the amount not to exceed $3,473,578.00, payable from Fund 455 Regional Exchange District; as authorized pursuant to Minnesota Laws 2019, First Special Session, Chapter 6, Article 10, as amended by Minnesota Laws 2021, First Special Session, Chapter 9, Section 1.
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to approve a Development Agreement with St. Mary’s Duluth Clinic Health System dba Essentia Health (Essentia) for the infrastructure retaining walls located on adjacent to the rights-of-way for 4th Avenue East, 2nd Street, Superior St, and along the alley above Superior St. as part of the development of the Regional Exchange District. This project is payable from appropriation bond proceeds authorized as Project 8 pursuant to Minnesota Laws 2019, First Special Session, Chapter 6, Article 10, as amended by Minnesota Laws 2021, First Special Session, Chapter 9, Section 1 (the “Act”).