85-240 WHITE - CITV CLERK
PINK - FINANCE GITY OF SAINT PAUL Council �( /�
CANARV - DEPARTMENT ��� %J/
BLUE - MAYOR File NO. oi 7�
�
Council Resolution
Presented By
Refer ed To Committee: Date
Out of Committee By Date
RESOLVED that the City Council of the City of Saint Paul does
hereby support and adopt as part of the 1985 Legislative Program
the following:
Policy statement on allocation of authority to issue industrial
development bonds (IDB' s) :
The City of Saint Paul supports the continued use of IDB's
through the application of Minnesota' s existing IDB allocation
system with amendments which support the following policy principles:
1. Municipalities in Minnesota should retain the maximum share
of IDB authority in the State of Minnesota.
2. The allocation system should recognize the need to maintain
local discretion and flexibility in IDB decisions.
3 . Minnesota's allocation system should minimize state control
of local IDB decisions.
COU[�1CILMEIV Requested by Department of:
Yeas �r�„dNay�1
bH.15/kt' �
Drew In Favor
Masanz
Nicosia
.,-satiswsr- . __ A ga i n s t BY
Tedesco
Wilson
FEB 1 4 1985 Form Approved by City Attorney
Adopted by Council: Date
Certified Pa•- d � ouacil r BY
gy,
Approve y Mavoc Da — FFR 1 � �aR�, Approved by Mayor for Submission to Council
By BY
P�J�L1��E� ,= � E- �� :� 1985