88-1938 WHITE - CITV CIERK
PINK - FINANCE G I TY OF SA I NT PA U L Council /�
CANARY - DEPARTMENT J(��
9�iUc ?MAVOR File �O. �+ ^��
City Attny/JTH • • �� -
Council Resolution �� ,
I'�
Presented By
Referred To � � y Committee: Date �� �'��
Out of Committee By Date �
PRELIr4INARY RESOLUTION
1989 GENERAL OBLIGATION BOND ISSUES
RESOLVED, That for the purposes of funding the Capital
Improvement Budget for 1989 , of funding certain street
improvements in connection with the Sewer Separation Program,
of funding the remodeling and refurbishing of Como Park
Conservatory and of funding the reconstruction of Shepard
and l,larner Roads , the City of Saint Paul in accordance with
anpropriate statutory and charter provision does hereby give
preliminary approval for the issuance of General Obligation
Bonds in 1989 as follows :
a) Capital Improvement Bonds in the estimated
aggregate principal amount of Eleven Million
Seven Hundred Fifty Thousand ($11 ,750 ,000)
Dollars ;
b) Street Improvement Special Assessment Bonds
in the estimated aggregate principal amount of
One Million Six Hundred Ttiaenty Thousand
($1 , 620 , 000) Dollars ;
c) Como Conservatory Improvement Bonds in the
estimated aggregate principal amount of Five
Million ($5 , 000,000) Dollars ; and
d) Great River Road Improvement Bonds (Shepard
and Warner Road Projects) in the estimated
aggregate principal amount of Five Million
Five Hundred Thousand ($5 ,500, 000) Dollars .
COUNCIL MEMBERS
Yeas Nays Requested by Department of:
Dimond
�� In Favor •
Goswitz
Rettman
��;be� Against BY
Sonnen
Wilson
Form Approved by City Attorney
Adopted by Council: Date
Certified Passed by Council Secretary BY
By
Approved by iVlavor: Date _ Approved by Mayor for Submission to Council
By BY
WHITE - CITY CLERK COUflCII
PINK - FINANCE GITY OF SAINT PAUL ���19�
CANARV DEPARTMENT
0"LUE �MAVOR File NO.
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
-2-
RESOLVED FURTHER, that the Director, Department of Finance
and Management Services is hereby authorized and directed to
initiate all necessary actions toward the sale of the aforementioned
bonds and to report to the City Council his recommendations for
the offering and sale thereof no later than January 5 , 1989 , at
which time the Council will consider a resolution fixing the amount
and maturity of the 1989 general obligation bonds and providing for
their sale.
COUNCIL MEMBERS Requested by Department of:
Yeas Nays
Dimond Finance and Mana�eme�t Serv�ces
�� [n Favor a
Goswitz �ww.-..�
Rettman
Scheibel � _ A gai n s t BY �" >--�'
Sonnen
Wilson
D�C 2 � � Form Approved by City Attorney
Adopted by Council: Date
Certified Passe �C ncil Secr ry BY r
Bl' r
���' � j � Approv Mayor for Sub i t il
Approve Mav • �
gy B
Pi�St� D E C � 8
_ ��-�93d'
. •*•• CITY OF SAINT PAUL
�„ : .
• •� OFFICE OF THE CITY ATTORNEY
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,, EDWARD P. STARR, CITY ATTORNEY
nn,, ....
°"��' 647 Ciry Hall, Saint Paul, Minnesota 55102
GEORGE LATIMER 612-298-5121
MAYOR
November 28 , 1988
To : Shirley Davis
From: Jim Ha �
Re: 1989 Ge eral Obligation Bond Issues ;
Preliminary Resolution
Transmitted herewith is the draft resolution giving preliminary
approval for the 1989 �eneral obligation bond issues .
Enc.
cc : Tony Stemberger
Briggs & Morgan
oNloMa�t�Oa r : _ o�re ra�u,[o okre aorn.E� .: `�" ' ���
: cary Narstr � ii/ZS/ss ' G�E�N ���ET No. �O � '`�
� _ oEn�►R�m�cron �w�rc�+coA�srN+n
Shi`rley Davis �FoR � �a�wwa�«r se+v�ces ow�cren �atr aavc �
Pinaace�Aigmt�:_Ser�.. 292-7038 _ � �o°E`u�'°" �
.__. � � � � �CIiY ATTORNEY�. � . . .
� ' Gives_ the A.epartmeat�of Finaace & irt�nagemerit �rvices aut or _.:
ization to initiate all neces�sary action legdi�g to the issuat�ce of the fol�.ow�u$ 8e�e�a1
o��igation debt in February 1989: $I1,,750,OUO Capital Tmproveinent $Qn�,s, Series 1989;
` - $I,620,OOQ: St�eet Iaiprovement Specigl Assessmentt -Bottds;�--Sa�ies:�98�j.`.Q����17�OUO CO�SQ-COAB "``
� u�:tary Improvement Bonds, Series 1989; $5,500,p00 Great River Raad Improvetne.A,t Bond� (She rd
& Warner Road Fro�ects) , Series 1989.
_
�i�POra+U►)a�el.0(R)? c��s�crt Ne0n1; _
Pu�xi coM�+ c�w�sE�cowaseio�+ o��x� o,t�e air _ a+µvaT a�a��a.
mHw�o� �so e�5 scE+oa ewno
ss� cw�arEa� coMai.��svs �coti uu�o.ao�• �ro ro ooHr�r cotierrtueNr
. _ _Fon,an'i.irir0. =r�oaACU *
aisra�cr oot�wc�
_ *ex�rror,:
• sii�►oets vNrcH oourcw oeactrv�+ .
� 1NF1'IA71qli f110�1�MM1E.C�MOII?1lNIfY Mma whM.whr�,vNwie.WMk ' ' •'
The bonds will be issued for tlie purpose of fuadittg the Cagitial Impxovement Budget of 1989
where the,projects for these tsond funds are listed. Q,�
0
�.IS_ RESOI,UTiON. 15 `SCHEDULED TO�BL-#iFa�?. �Y TH� Et3i.L�CQi�NC�L ON �E.CEI�BER.26; T 98$.
�_
> , .: 1ttM+roaMla.n�s.�aa.M�w..Aea,par. , _, ,
There is no cos� l�enefit at this -ti�e as this is a p�eli,mi�,ary reso.]:ution. The resolution
_ recommeading the sale will be presented to Council on J'anuary 5, I989.
.fl.
.,-: w�,�. . , .
1V�w�T; r
,:�1aad"'���. ``� � ' s� are dictated b Git. Eha�ter ar�d Sta�e Statutes. This
�.. .y. < Y Y pxel3�inaxp
reeelutioa" s�ts�C`��e''p�ssed ta fulfill these requiremeants and meeti a11 deadlines leading to
the award di� o€ February 14, 1989.
�;, .
�tya�a►nv�: _ �os - _ �s
� „�:�: �u�� 1=tesearch Center
_ ��OV 2 � 1�8�
��:
The City. annually fssues general obligation bonds to fund City. pro,�ects that have previousl
�bee� approved bp the Mayor and �ity�Coun�il, �
�.�a�u�wea:
These have been addressed by City Attoxney and Bond CounseL
. _.... _ ._..__ _ -------__—� __._
r � . . ��_�y��-
. ,� ti GITY OF SAINT PAUL ��
71i1p5l7411
OFFICF. OF 'i`FIF. CITY COIINCIL
- Committee Report
� Finance. Manaaement. &"1'�ersonnel CommitteeT
December 12, 1988
1. Approval of minutes of November 28 meeting. Approved
2. Discussion of Fire Chief selection process.
3. Resolution 88-1822 - amending the 1988 budget by Laid over one week
transferring $32,090 from General Government Accounts
to Executive Administration Personnel for Fire Chief
selection process. (Referred from Council November 17)
4. �esolution 88-1897 - amending the 1988 budget by trans- Approved
ferring $7,67.s to the Financing and Spending Plans for
(Referred from Council December 1 )
5. Resolution 88-1910 - amending the 1988 budget by adding Approved
$29,000 to the Financing and Spending Plans. for River-
front Promotion. (Referred from Council December 1 )
6.�-�--fte�1`t�ti c�n 88�*�L938�•- g i v i ng pre 1 i m i nary approva 1 to Approved
the sale of 1989 Generai Obligation Bond Issues.
(Referred frorn,�iunci l December 8)
7. Administrative Order D-996b - addition of $2,040.98 No action required
to the contract for Ar�lington Hills Library.
{Referred from Council November 29)
8. Resolution 88-1743 - Recommending the City Negotiator Approved substi-
negotiate a cap or 95 percent of the Mayor's salary tute resolution
for any City position and freeze salaries which ;super-
sede the 95 percent cap. {Laid over November 14) ; and
Discussion of substitute resolution requesting market
s�rvey of salaries. (Laid over November 28)
�continued)
CITY HALL SEVENTH FLOOR 5AINT PAUL. MINNESOTA 55102
s a��e