87-322 WMITE - GTV CLERK
PIN16- - P►NANCE G I TY O F SA I NT PA U L Council n
CANARV - DEPARTMENT File NO. �/ ���
BLUE -ytAVOR
oun il Resolution ,��
; � �
Presente By � �
� r d �Referred To � / A� Committee: Date � °�6
Out of Committee By Date
WHEREAS, he Mayor and City Council have placed a high priority
on controlling Saint Paul ' s general obligation debt in a responsible
manner while p oviding for the future physical development of the
City; and
WHEREAS, n 1978 , the City adopted a strategy to reduce, by 1985,
_ the per capita debt of the City, including its proportionate share of
the debt of In ependent School District 625 , the 5aint Paul Port
Authority, and Ramsey County, from $1,005 to $900 or less, and to reduce
its general ob igation debt as a percentage of estimated market value
from 8 . 5 perce t to 6 .0 percent; and
WHEREAS, s of December 31, 1985, the per capita general
obligation de was $834 (based on the Metropolitan Council 1985
population es imate of 267 ,810) and the percent of debt to estimated
market value as 3 .4 percent; and
WHEREAS, The 1976 aggregate principal sum of $292 ,037 ,000 for
City direct a d indirect general obligatian debt outstanding (including
metropolitan rea taxing units) was reduced to $220 ,698 ,000 by 1986 ,
a sum of $71 , 08,000 or 25 percent; and
WHEREAS, During 1986 , the Joint Debt Advisory Committee,
representing he City of Saint Paul, Ramsey County, the Saint Paul
School Distri t and the Saint Paul Port A�thority, was reconvened to
set new objec ives relating to debt on th� Saint Paul tax base; and
I
COUNC[LMEN Requesteld by Department of:
Yeas Drew Nays
Nicosia [n Favor
Rettman
Scheibel
Sonnen __ AgeinSt BY
Tedesco
Wilson
Adopted by Council: Da e Form Approved by City Attorney
Certified Yassed by Council S cretary BY
By�
Approved by :Navor: Date _ Approved by Mayor for Submission to Council
By _ _ _ By
WHITE - C�TV CIERK
PINiF� - P�NANCE GITY OF SAINT PALTL Council �,7_�a �
CANARV - DEPARTMENT
BLUE -_MAVOR File NO.
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
WHEREAS, I its report, the 1986 Joint Debt Advisory Committee
recommends that a five year debt management strategy be updated
annually; that he overlapping general obligation debt of the City,
County, Schools, and Port Authority shall not exceed 3 .5 percent of the
estimated marke value of taxable property in Saint Paul by 1992;
and that the Ra sey County Delegation support the City' s request
for Capital Im ovement Bonding Authority, the County' s request to
initiate a cap ' tal improvement program, special bonding for the City
Hall and Court ouse Repair, and construction and remodeling bonding
for the school district; now, therefore, be it
RESOLVED, That upon the recommendatior� of Mayor George Latimer,
the Council of the City of Saint Paul does hereby accept the
recommendation of the 1986 Joint Debt Adv�;sory Committee and
adopts the fol owing goal statement: "The City of Saint Paul will
strive to have its direct debt be less tham 2 .5 percent of the
Estimated Mark t Value of its taxable prop�rties by 1992 . "
AND BE IT ALSO RESOLVED, That the hsaybr transmit a copy of this
resolution to he members of the Ramsey County Delegation.
i
�
COUNCILMEN Requeste�i by Department of:
Yeas orew Nays � I
Nicosia Finan e and Management Services
Rettman Irt Favo[ �
Scheibel �
Sonnen __ Ag8ltlst BY
�ao-
Wilson
MAR � !� �987 Form A d by Cit Atto ey
Adopted by Council: Da e
Certified Y : y Council retar BY
By
Appr y Mavor: Date MAR 13 'Ig$7 p►ppro d b Mayor fo ub is ' to Council
� "`---�_.... .
�_ By
BIISH �r��� ��
'� • � ��`�°�� lw° OS529
Financ : & Manageme t er ices p RT1�NT. _ . _.
,r, - ,
Gary Norstrem N AGT
292-7016 E`� .
February 18, 198 7 T � ��'�/ I r e .
; .
ASSIGN NUFBER FAR_ROUTING �R :Cl i Alt Locations for� St r�e :
Deparfiment Director � irector of Managem�ent/Mayar
1 Fina�ce and Management ervices D r ctor � � ity C1erk
Budget Director
��ty Attorney
HAT WILL BE ACHIEVED BY T �ING ACTI ATTACHED ��IATER ALS? (Purpose/, . .
Rationale) :
This Council R solution a �pts the 19�6 Jo n� Debt Advisory Committee
Report. Thei� recommen a ions include a f ve year debt management
strategy befiwe n the Ci y of Saint Pa�l, R msey County, Independent
School Distric 625 an e Saint Paul: Por Authority which will be
updated annual y.
� T BENEFIT BUDGETARY PERSQNNE ACTS ANTICIPR ,ED: ' RECEIVED �..
�
FEB 191987
Of F10E OF THE DIRECTOR �
� N�A � . DEPARTMENT OF �tNANCD
�ND 1�AANAQEAAEI_�I$E,�1f1S�
�'INANCIN6 50URCE AMD BUDG T ACTIVIT N ER t�iAR6ED . CRED TED: (Mayar's signa-
� ture not re-
Total Amount of'Transa tion: quired if rtnder
. Z10,000)
Funding Source: .
Activity Number: • '
�1TTACHMENTS List and N er All At a haents :
> 1. Council solutio - "
- .
�EPARTMEMT REYIEW . CI Y ATTORNEY REYIEM
�Yes No Cbuncil ti� olution R 'q red? , ' lutfon Required? �Yes No j
*Yes No Insurance equired? 1 wr�ace 3ufficient? : �Yes No
�Yes Na Insurance ttached:
- _ (SEE �REyE SIDE FOR It�.STRk�CTI� ) .
kevised ]2/84 �
� � ' ���_ �,��
�,,. CITY OF SAINT PA.UL
•:€iii'ii:�i�l � OFFICE OF TH� CITY COIINCIL �
ia t
' :.
Cammittee Report
�`in.anc� Mana ement & Personn i Committee.
. MARCH 5, 1987
1. Approval of minut s from meeting held February 26, 1987. approved .
2. Resolution author zing proper city officials to execute an amendment to the
Consolidated Coop ration Agreement between the city and the Public Housing
Agency for the pu pose of reducing the PILOT payment to benefit the low-income .
housing program i Saint Paul (laid over from February 26, 1987). passed out w/o rec.
3. Resolution amendi g Section 16.D of the Civil Service Rules pertaining to
alternates for Co ission hearing and/or meeting (laid over from February 19,
1987). ee ord. n substitution of this res.--ord. passed out w/o rec.
4. Resolution amendi g the Civil Service Rules concerning procedures for appealing
discharge or redu tion or suspension. • approved �
S. Resolution amendi g the Civil Service Ru1Qs concerning procedures for appealing
discharges, reduc ions or suspensions through the official-grievance procedure
. .._document:--.....Z_aid o er to 3/�9- - ,- � -_-- -- . — -
6. Resolution establ'shing the rate of pay in Grade 34, Section I D 1, Clerical
Graup of the Sal y Plan and Rates of Compensation Resolution for the title
of Recruitment a Selection Coordinator. approved
7. Resolution amend g the 1986 Long Range Capital Improvement Budget and trans-
ferring $80,000 rom major sewer repair to Forster Street sanitary sewer.
a roved
$. Resolution amend ng CDBG Year XII Program and adding �75,000 to Dayton's Bluff
NHS to asaist lo /moderate income homeowners. approved
10. Resolution desig ating Springsted Inc. as the financial advisor for the city
of Saint Paul, 7. 87-1988. approved
11. Letter of the St te Department of Revenue transmitting Application No. 329023
: of Eric B. Holla d for reduction of assessed valuation of certain real estate
in the city of S int Paul. discussed
12. Letter of the St te Department of Revenue transmitting Application No. 329036
of Mark W. Reili g for reduction of assessed valuation of certain real estate
in the city of S int Paul. discussed
Cm �►� SEVENTH FLOOR SAIN'T PAUL,MINNESO'TA 55.102
�.e
---__ ..,.,._.,._.r_._..,.�«-,__.._._,... __._- _._ ____.. ._n. _�
_ _.._. , ..._....,.__ _ ,T.__ .
_ ..._,,..,..�Y..._,. __.._.