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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..._,. __.._.