87-338 WHITE - CITV CIERK � .
PINK - FINANCE � /�OUnC,ll �`'��
CANARV - DEPARTMENT G I TY OF SA I NT PA U L File 1N0. � �
BLUE - MAVOR
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
28. Headings. Headings in thig resolution are
included fo conven e ce of reference only and are not a part
hereof, and shall not limit or define the meaning of any
provision h reof.
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COUNCILMEN Requested Department of:
Yeas Drew Nays
�� [n Favor Finance & Mana ement 5ervices
Rettman �
Scheibet �
son�e� � __ Against BY �
Tedesco
�1AIilIiR.
Adopted by Council: Date
�1AR 17 ��7 Form Approv d by City Attorne
Certified Pas e nc.�l Se r BY �
By�
Approv b Vlavor. Da _- �R � 7 p1 Appr M yor for Sub ission to Council
sy _ sy
pUBll ED irii�R 2 3 198�
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SPRtNGSTED�N ORPCRATED EXhlblt A
�'��33d'
, Public Finance Advi rs
85 East Seventh Pla .Suite�00
, Saint Paui,Minnesot 55101•2143
oi2•223�3000
$���9��
CITY'OF� SAINT PAUL, MINI�ES TA
GENERAL BLIGATIOIW C'u4PITAL IMPROVEMEN BOPDS, SERIES I 987
AWARD: THE h10RTHERN TRUST COMP NY
ENTIAL'BA►CHE SECURITIES INC RPORATED
BLUNT, �LLIS & LOEWI, INCORPO ATED
- And Associates
SALE: ' , March I6, 1987 Moody's Ratingz Ao
; S 8� P's Rating: AA+
, Interest et nterest
Bidder Rates Price Cost & Rate
THE NORTHERN TRUST OMPANY � 5.80�0 1988 $10,717,959.75 $3,297,886.08'
PRUDENTIAL-BACHE SE URITIES ' 4.50% I 989 (5.239591%)
BLUNT, ELLIS & LOEWI, 4.30% t 990
INCORPORATED 4.60°� 1991
MBank Capital Markets 4.8096 1992
The Connecticut Bank & T ust ' 5.00% 1993
Company, N.A. 5. I03o I994
George K. Baum & Compa y ' S.30% 1995
A. Webster pougherty & C ., 5:40% I996
Incorporated �i 4.50% 1997
, First of Michigan Corporat on I
UMIC, Inc.
Westcap Securities, Incorp rated '
Ferris & Company Incorpor ted '
Advest, Inc.
-. CHASE MANHATTAN CA ITAL 3.75% 1988 $10,724,865.75 $3,301 ,067.58
AdAR1�FTc r�nap(1F�AT RI _ t� ll�� 1 9Q9 ---- - - . __ _ l� �i.i�c9�1 -�__ `
(panui�uo�)
u�dwo� �.snal pu� �u�8 �aaa�S a�o�S
'°� '8 S��a9��1 'M 4��'d
•�u� �,(uoduao� �g I.UDI.�D.I� ���a�.tnd
•�u� •oJ �g sooW •y•�
•�u� ��(u�dwoJ �g �(qao� •M•�
•�u� 'a�soW u��o�
, pa�.o�od�o�u� �ssoa� �g �.�anasoo�
•d.�o� sai�ian�as .(a�asoW
, j •d•N ��u�8 auia�W
pa�.�aodao�u�
. ,
- In Association With - :
KIDDER, PEABODY & COMPANY,
INCORPORATED
Dougherty, Dawkins, Strand & Yost,
Incorporated
McDonald & Company Securities, Inc.
Newhard, Cook & Co., Incorporated
Peterson Financia) Corporation
William E. Pollock & Co., Inc.
J.P. MORGAN SECURITIES INC. 4.50% 1988 $10,716,995.00 $3,38t ,529.00
SALOMON BROTHERS INCORPORATED 4.25% 1989 (5.372489'0)
BEAR, STEARNS & COMPANY 4.SO�o 1990
GOLDMAN, SACHS & CO. 4.709b 1991
DONALDSON, LUFKIN & JENRETTE 4.80% 1992
SECURITIES CORPORATION 5.00°16 1993
BANKERS TRUST COMPANY 5.25% I 994-I 997
CHEMICAL BANK 4.50% 1988-199Q $10,832,610.00 $3,382, 191 .00
PAINEWEBE3ER INCORPORATED 4.609'0 1991 (5.3735%)
NATIONAL WESTMINSTER BANK USA 4.80% 1992
Shawmut Bank of Boston, N.A. 5.00% 1993 �
Wachovia Bank & Trust Company, N.A. 5.20% 1994
Miller & Schroeder Financial, 5.40% 1995
Incorporated 5.60% 1996 -
5.75% 1997
MERRILL �YNCH CAPITAL MARKETS 3.759'0 1988 $10,775,586.50 $3,392,627.04
4.00� 1989 (5.3901139'0)
4.25% 1990
4.50% 1991
4.759'o I992
5.00% 1993
5.209b 1994
5.40% 1995
5.50°�'0 1996
5.70% 1997
SMITH BARNEY, HARRIS UPHAM & 3.90� 1988 $10,804,080.00 $3,400,310.62
COMPANY 4. I 0% I 989 (5.402321%)
SHEARSON LEHMAN BROTHERS INC. 4.40% I990
DEAN WITTER REYNOLDS 4.65`Yo 1991
INCORPORATED 4.85% 1992
Boettcher & Company, Inc. 5.009'o I993
5.20� 1994
5.40% 1995
5.60°"0 1996
5.759'0 1997
CITICORP INVESTMENT BANK 3.90% 1988 $10,803,535.00 $3,417,831 .70
THE FIRST BOSTON CORPORATION 4.20% 1989 (5.4301°Io)
BANK OF AMERICA, NT & SA 4.50�0 1990 •
First Interstate Bank of California 4.70% 1991
Manufacturers Hanover Trust Company 4.90% 1992
Ehrlich-Bober & Company, Incorporated 5. 10°0 1993
Bank of Boston 5.30% 1994
Thomson McKinnon Securities, 5.40qo 1995
Incorporated 5.60% 1996
The Chicago Corporation 5.70�'0 1997
Howard, Weil, Labouisse, Friedrichs
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EOFFERING SCHEDULE OF THE PU CHASER
Rate Year ield
5.809'0 1988 .9096
4.50% 1989 .109b
4.30% 1990 .3596
4.60% ' 1991 Par
4.8096 1992 Par
5.0090 1993 Par
5.I0% I994 .I596 -
5.30°� 1995 Par
5.4096 I 996 .45�
4.509'0 ' I997 .6096
BBI: 6.61
Average Maturity: 5.77 Years
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Finance & Mana eme Service DE A MENT _ _
Gary No�strem CO TA T
292-7016 PH N
March 17 1987 DA I �( � ,► �
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ASSIGN NUhBER FOR ROUTxNG OR R Cli A 1 l.ocations :for .S,i nat re :
Departn�nt Dire�tor 3 Di ector of Man�gement/Mayor
. 2 Finance and Management S rvices Dir c or � �,r,_ Ci y Cl.erk
Budget. Director
_y.^._
City At:torney
AT WILL BE ACHIEYEQ BY TAK NG ACTIO,N THE ATTACHED MATERIA S? :(Purpose/
Rationale) :
Thw most favorable bid on e ch of the b �d issues will be ind'cated to the City Council for
their acceptance and -the Ci y Council w l award the issues t the successful bidders.
OST BENEFIT BUDGETARY AND ERSONNEL M CTS ANTICIPATE : �
INANCING SOURCE AND BUDGET ACTIVITY ER CHARGED OR REDIT D: (Mayor's signa- �
� ; ture. not re-
Total Amount of."Transact on: quired if under
' �10,000)
Fundin� Source:
Activity Number: . .
ATTACHMENTS List and Num All Atta nts :
1. Resolution - $10,900, 00 General 0 ligation Capital Imp ovement Bonds, Series 1987
2. Resolut.ion - $10,240, 00 General 0 ligation Water Pollu ion Abatement Refunding Bonds,
. Series 1 87 '
3. Resolution - `$2,Z80,0 0 General b igafion 'Street Impro ement Special Assessment Bonds,
Series 1 87
4. Resolution - $500,000 General 0 �i ation Urban Renewal onds, Series 1987
pEPARTMENT REVIEW �� CITY I#TTORNEY REYIEW
�Yes No Council Reso ution Req ir d? , ' Reso ution Required? DC Yes No
,�Yes No Insurance Re uired? Insu ance Sufficient? �ifes No
Yes No Insurance q ached:
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• � � °( EE •REXERS IDE FOR IMStRUC'�'IONS) . � .
Revised 12/84 ;
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