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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Heidi Heller, City Clerk <br /> <br />DATE: June 22, 2018 <br /> <br />RE: Joint Powers Agreement with the St. Paul Port Authority for the Suite Living <br />Little Canada MinnPACE Application <br /> <br /> <br />The Council reviewed this proposal at their June 6 Workshop and was supportive of participating <br />in this energy saving financing program run by the St. Paul Port Authority. The new Suite <br />Living Little Canada senior housing building has applied for financing as part of the MinnPACE <br />program. By participating, they are agreeing to use more energy efficient products in their new <br />project with no upfront costs, and will pay the loan back through a special assessment that the <br />City certifies to their property. The Council will also need to agree to place the assessment on <br />the property once the assessment amount and payback terms are determined. There is no risk to <br />the City to participate in this agreement. <br /> <br />Staff recommends entering into the Port Authority of the City of Saint Paul Property Assessed Clean <br />Energy Program (MinnPACE) Joint Powers Agreement. <br /> <br /> <br /> <br /> <br /> <br />