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86-1245 NiHITE - C�TV CIERK � PINK - FINAN�E �I COUIICIl /)1�� /� /f C4NARV - OEPARTMENT G I TY OF SA I NT PAU L �Y �J BLUE - MAYOR File NO• ouncil esolution - , / c� Presented y � � l ! Referred To �� -'� Committee: Date �� Out of Commi tee By Date WHEREAS: 1. On J ly 22, 1986, the Port Authority of the City of Saint Paul ado ted Resolution No. 2684 givi g preliminary approval to the issuance of revenue bonds in th initial principal amo nt of $1,200,000 to finance the construction of a 20,000 squa e foot manufacturing facility for an affiliated company and to construct a 5,600 s uare foot addition to t e existing facility occupied by Century Circuits & Electronic Inc. Miller & Schroeder F nancial , Inc. has agreed to underwrite the revenue bond issue for a term of 30 years. 2. Laws of Minnesota 1976, Chapter 234, provides that any issue of re enue bonds authorized by the Port Authority of the City of Saint Paul , shall be issued only with the consent of th City Council of the City of Saint Paul , by resolution adopte in accordance with law; 3. The ort Authority of the City of Saint Paul has requested that th City Council give its requ site consent pursuant to said law to facilitate the issuance f said revenue bonds by the ort Authority of the City of Saint Paul , subject to final app oval of the details of sa d issue by the Port Authority of the City of Saint Paul . RESOLVED by the City Council of the City of Saint Paul , that in accor ance with Laws of Minnesota 976, Chapter 234, the City Council hereby consents to the iss ance of the aforesaid rev nue bonds for the purposes described in the aforesaid Port Au hority Resolution No 2684 the exact details of which, including, but not limited o, provisions relating to m turities, interest rates, discount, redemption, and for the i suance of additional bo ds are to be determined by the Port Authority, pursuant to re olution adopted by th Port Authority, and the City Council hereby authorizes the i suance of any additional bo ds (including refunding bonds) by the Port Authority, found b the Port Authority to e necessary for carrying out the purposes for which the afore aid bonds are issued. COUNCILME[V Requested by De rtment of: Yeas pfeW Na s � �J,Z� Nicosia [n Favor Rettman Scheibel Sonnen �.—_ Against BY Tedesco �'" Adopted by Council: Date �7EP � — �986 Form Ap�ed by City Attorney �\ � Certified Yas e ou cil Se ar BY �� By, Appr ve y Mavor: Da e Appr yor for Sub ' sion to Co ncil _ B pt1BLISHED S E P 1 31986 St Paul Port Au ori ty l DE�PARTMENT �� N. 3 6 34 0 J.e. TerPell ,• E. . Kraut CONTACT 224-56$6 PHONE August 7, 1986 DATE �Q,/�� e Qr ASSIG �NUMBER FOR R UTING ORDER Cli All Locations for Si nature : Department Dire tor 3 Director of Managemen /Mayor Finance and Man gement Services Director 4 City Clerk Budget Director 2 City Attorney $1 200 000 Revenue B nd Issue WHAT WILL BE ACHIEV D BY TAKING ACTION ON THE ATTACHED MATERIALS? (Purpose/ Rationale) : The purpose of the ond issue is to finance the construction of a 20,000 square oot manufacturing facil ty for an affiliated company and to construct a 5,600 square foot addition to the exi ting facility occupied by Century Circuits & Electronics, In . COST/BENEFIT BUDGE RY AND PERSONNEL IMPACTS ANTICIPATED: The amount of the r venue bond issue is $1,200,000 and will be for a term of 30 ears. There will be appro imately 47 new jobs created as a result of this project. The Port Authority ill submit an application for an industrial revenue bond all ation from the State of M nnesota Competitive Pool , in 1987 as the project is industri 1 . The _ City of Saint Paul ' 1987 entitlement allocation will not be affected by this ap lication. FINANCING SOURCE AN BUDGET ACTIVITY NUMBER CHARGED OR CREDITED: (Mayor's signa- ture not re- Total Amount of ansaction: quired if under $10,00Q) Funding Source: Activity Number: ' ATTACHMENTS List an Number All Attachments : 1. Staff Memorandu 2. Draft City Coun il Resolution 3. Port Authority esolution No. 2684 cc: Jacqui Sholhol DEPARTMENT REVIEW CITY ATTORNEY REVIEW X Yes No Counci Resolution Required? Resolution Required? X es No Yes X No Insura ce Required? Insurance Sufficient? X es No Yes X No Insura ce Attached: (SEE REVERSE SIDE FOR INSTRUCTIONS) Revised 12/84 . . ,...,�.."' �—� �--��9�' � . . � a� , � � � _�� PORT AUTH RITY C7F THE CITY OF SAINT PAUL TOLL FREE(8 0) 328-8417 1900 AMH IST TOWER • 345 ST. PEfER STREET • ST. P'AUL, MN. 55102 • PHONE(6 2) 224-5686 August 7, 1986 �Fr i �� Mr. Jam s Bellus, Director Plannin and Economic Development Department �ity of st. Paul AUG 1 � ;ag� 14th F1 or, City Hall Annex St. Pau , Mi nnesota 55102 : ��-�� o ,; „ i � ��r��' SUBJECT CENTURY CIRCUITS SIX � - � $1,200,000 REVENUE BOND ISSUE " Dear Ji : - We subm t herewith for your review and referral to the office of the Mayor, City Co ncil and City Attorney's office details pertaining to the is uance of reve' ue bonds in the initial amount of $1,200,000 to finance the constru tion of a 20,000 square foot manufacturing facility for an affilia ed company and to construct a 5,600 square foot addition to he existin facility occupied by Century Circuits b Electronics, Inc. The Por Authority staff has conducted a thorough evaluation of the irms and/or ndividuals that are involved in this project or in which the princip ls have an interest. This investigation has included detail d credit nalysis, Dun and Bradstreet reports, direct communication wi h represe tatives of financial institutions with whom the participants have done bu iness and data base checks to determine if any principal(s) h ve been in� ny way involved in legal proceedings as a result of securiti s fraud, tortion, embezzlement or financial misrepresentation. In addi 'on to the staff inemorandum, we are attaching a draft copy of the proposed City Council resolution and a copy of Port Authority Resolut'on No. 268 which authorized the sale of revenue bonds in the amount of $1,200,0 0. Your exp ditious handling of this matter will be appreciated. Yours truly, �- ` Eugene . Kraut EAK:ajc Execut ve Vice President cc. Mayo Latimer � EUGENE A KRAUT,C.I.D. D ALD G.DUNSHEE,C.I.D. CHARIES M.TOWLE CLIFFORD E.RAMSTED,P.E. PERRY K.FEDERS C.P.A EXECUTIVE V�CE PRESIDENT L EXEC.VICE PRESIDENT OIRECTOR OF INDUSTRIAL DEVELOPMENT CHIEF ENGINEER DiRECTOR OF FINANCE ASST.TREASURER RICHARD A GIERDAL WILLIAM E.McGIVERN PROPERN MANAGER DIRECTOR OF PUBLIC RELATIONS COMMISSIONERS GEORGE W.WIN R WILLIAM WILSON ARTHUR N.GOODMAN VICTOR P.REIM RAYMOND E.LANGEVIN CHRIS NI OSIA JEAN M.WEST PRESIDENT VICE PRESIDENT SECRETARV TREASURER COMMISSIONER COMMIS NER COMMISSIONER C,I.D. Certified Industrial Developer ` P O R T �' . � � �� AUTH RITY OF THE CITY OF . PAUL Merr�o�andum TO: BOARD F COMMISSIONERS DATE: �u�Y 7, 1986 (July 2, 198 lar Meeting) FROM: J.E. rre � SUBJECT: CENTU CIRCUITS SIX PUBLIG HEARING - PRELIMINARY AND UNDERWRITING AGREEMENT $1,2001 000 RESOLUTIQN 876 RIVER EW INDUSTRIAL PARK RESOL ION N0. 2684 PUBLI HEARING - SALE OF LAND RESOL ION N0. 2685 1. T PARTNERSHIP C tury Circuits Six is a Minnesota partnershiu comorised of A. . Amundson, K 'th R. Elwood, Russell E. Barnes, David D. Coyer, James W. Ro inson and N man R. Gibbs, who are all principals in Century Circuits and Electronics, I . The partnership proposes to construct a 20,()00 square foo m ufacturinq facility for an affiliated company and to constru t a 5,600 s are foot addition to the existinq facility occupied by Centu y Circuits & E1 ctronics, Inc. The companies that will siQn subleases are Ce tury Ci cuits & Electronics, Inc. & Loken Manufacturina Co. These t o firms will le se �11 the space in the proposed new buildinq and the expens'on and will u�'lize the parking area. C� tury Circuits & Electronics, Inc, was incorporated in 1976 a d began o ' rations in leased space in Riverview Industrial Park in 1977. The c pany is a manufacturer of sinqle and multi-layer flexible ci cuits, s cializinq in hiqh technoloqy state of the art circuits. Their products a utilized in the fields of aerospace, computers, military, i strument m nufacturinq and medical electronics. C ntury Circuits currently employs 132 people and pro,jects the hiring of 25- 3 additional employees over the next 18 to 24 months as a res lt of this e pansion. L ken Manufacturinq Co. was formed in 1975, and is owned by th same s areholders as Century Circuits. This Arden Hills based firm is engaQed in t e manufacturing of class A hand tool dies and in die stampin_ . Their c stomers include Honeywell , 3M and Stresua Labs. The compan,y currently e ployees 17 peoule and projects the hirinq of 17 additional p rsons over t e next two years. 0 September 16, 1980, the Board of Commissioners approved a $ 75,000, R solution 876 Revenue Bond Issue for the construction of an 1 ,200 square f ot manufacturinq and o�'fice facility for the Century Circuit in Riverview I dustrial Park. � .. , � _ ,�� BOARD OF OMMISSIONERS July 17, 986 Page 2 On Ja uary 26, 1982, the Board of Commissioners approved a $500,00 , Resol tion 876 Revenue Bond Issue to construct an 11,200 square fo t addit on to this buildinq. 2. THE P OJECT The p rtnership proposes to construct a 20,000 sQUare foot office, manuf cturing and warehouse facility on a three acre site in River iew Indus rial Park across from Century Circuits current buildinq. The partn rship further proposed to construct a 5,600 square foot addition to the e istinq Century Circuit's facility. The P t Authority would lease the site containinq 123,839 square f et at a gross ate of $1.85 per square foot plus lOX interest for a 30-year term. The la d rent will be adjusted to a rate to be negotiated with the partn ship when soil correction costs have been confirmed for the uildinq. The la d rent will be determined before the bonds are sold and will be payabl monthly in advance beqinninq in November 1987. 3. FINANC NG The pr uosed financing would be done as an 876 Industrial Developme t Revenu Bond Issue with an A and B Series. The A Series Bonds whic will be used t construct the 20,000 square foot facility on Parcel E-4 wil be for a term of 30 years. The Series B Bonds which will be used to const uct the 5,600 ' quare foot addition to Century Circuits existinq buildinq wi 1 be issued coterminous with the previous bond issues. Proceeds from th bond issue ould be as follows: Constr ction Phase A & B $ 975,000 Debt S rvice Reserve 114,500 Capita ized Interest (6 Months) 51,500 Bond I suance Cost 23,000 Bond D scount 36,000 $1,200,000 The Po t Authority would receive earnings on the sinkinq fund as well as the custom ry fiscal and administrative fees based on a formula of .42% per millio per year for the first ten years, .54% per million per year for the second ten years, and .66� per million per year for the third ten y ars of the le se. Century Circuits 8 Electronics, Inc. will quarantee thi bond issue r the entire term. The individual partners will guarantee he bond issue r a period of five years from the sale of bonds. ' .� � ,,� -�a�' t BOARD OF OMMISSIONERS July 17, 986 Page 3 4. UNDER RITING Mille � Schroeder Financial , Inc. has aqreed to underwrite the 30 ear and 24 ye r bond issues at interest rates to be set on the day the bon s are sold. We anticipate the bonds will sell at the regular April , 198 Cortani sion meeting. 5. TERMS 'OF THE LEASE The t rm of the lease would be for 30 years with the partnership having an option to purchase the land for one-half the original cost and the uilding for lq% of the oriqinal bond issue cost at the end of the term. An amend nt to the land lease on the currently facility will provide or the bond nt of the B series bonds. 6. RECOM NDATION Early otice for District 3 was published September 20, 1985. Staf has contac ed District 3 and there is no opposition to this project. T e partn� ship has agreed to siqn a First Source Employment and Traini g Agreem nt. The partnership has agreed to have their qeneral contra tor compl,� with the City's set-aside program. Company's of which the p rtners are pr'ncipals in, have in place an Affirmative Action Policy. Sta f has interv�'ewed the partners, reviewed their financial statements and r eommends approv 1 of the above resolutions. JET:ajc �, . � �, -/01�.� J 517S . � Resolution No. �,? �'�/ _ RESOLUTION OF THE PORT AUTHORITY OF THE CITY OF SAINT PAUL WHEREAS, the purpose of Chapter 474, Minnesota Statut' s, known as the Minnesota Municipal Industrial Deve op- ment A t (hereinafter called "Act" ) as found and determine by the le islature is to promote the welfare of the state by he active; attraction and encouragement and development of eco omi- cally ound industry and commerce to prevent so far as pos ible the em ryence of blighted and marginal lands and areas of chroni unemployment and to aid in the development of exis ing _ areas f blight, marginal land and persistent unemployment and WHEREAS, factors necessitating the active promot on and de elopment of economically sound industry and commerc are the in reasing concentration of population in the metropol tan areas nd the rapidly rising increase in the amount and co t of gover ental services required to meet the needs of the ' increa ed population and the need for development of land se which ill provide an adequate tax base to finance these increa ed costs and access to employment opportunities for such popula ion; and WHEREAS, The Port Authority of the City of Saint Paul (the " uthority") has received from Century Circuits Six, Minnes ta general partnership (hereinafter referred to as he "Compa y" ) a request that the Authority issue its revenue bonds, which may be issued as two series of bonds, one ser es to fin nce the acquisition, installation and construction f a 20,000 square foot manufacturing facility and the other se ies to acq ire, install and construct a 5,600 square foot addi ion to an xisting office and manufacturing facility (hereinaf er collec ively called the "Project") , which Project will be sublea ed to Century Circuits and Electronics, Inc. , and L ken Manufa turing Co. and will be located in Riverview Industr al Park i the City of St. Paul, all as is more fully describ d in the st ff report on file; and � .' � � �, —i�rs� - WHEREAS, the Authority desires to facilitate th selec ive development of the community, to retain and imp ove ' its t x base and to help it provide the range of services and - emplo en�. opportunities required by its population, and aid Proje t will assist the City in achieving that objective. Said Proje t will help to increase the assessed valuation of t e City d help maintain a positive relationship between as essed valua ion and debt and enhance the image and reputation o the City; nd WHEREAS, the Project to be financed by revenue nds will sult in substantial employment opportunities in th Proje ; WHEREAS, the Authority has been advised by repr - senta 'ves of the Company that conventional, commercial finan ' ng to pay the capital cost of the Project is avail le only a limited basis and at such high costs of borrowin that e economic feasibility of operating the Project wou d be signi ' cantly reduced, but the Company has also advised th' s Autho 'ty that but for revenue bond financing, and its result'ng low borrowing cost, the Project would not be undert ken; WHEREAS, Miller & Schroeder Financial, Inc. (the f "Under riter") has made a proposal in an agreement (the "Unde riting Agreement" ) relating to the purchase of the revenu bonds to be issued to finance the Project; WHEREAS, the Authority, pursuant to Minnesota Statut s, Section 474.01, Subdivision 7b did publish a not ce, a copy of which with proof of publication is on file in th office of the Authority, of a public hearing on the propos 1 of the Co pany that the Authority finance the Project hereinb fore descri ed by the issuance of its industrial revenue bonds; and WHEREAS, the Authority did conduct a public hear ng pursua t to said notice, at which hearing the recommendati ns contai ed in the Authority' s staff inemorandum to the Commis ioners were reviewed, and all persons who appeared t the he riny were given an opportunity to express their vie s with r spect to the proposal. NOW, THEREFORE, BE IT RESOLVED by the Commission rs of the Port Authority of the City of Saint Paul, Minnesota as follow : 2 � .' . , ��-�- ��z� M 1. On the basis of information available to th Autho 'ty it appears, and the Authority hereby finds, that said ' Projec constitutes properties, used or useful in connecti n . with e or more revenue producing enterprises engaged in ny busin s within the meaning of Subdivision la of Section 4 4.02 of th Act; that the Project furthers the purposes stated 'n Sectia 474.01 of the Act and, but for the willingness of he Author'ty to furnish such financing, the Company would not undert ke the Project, and that the effect of the Project, if undert ken, will be to encourage the development of econom cally sound industry and comnerce and assist in the preven ion of the emergence of blighted and marginal land, and will h lp to prevent chronic unemployment, and will help e City t retain and improve its tax base and provide the ra ge of ser ices and employment opportunities required by its popula ion, and will help to prevent the movement of talen ed and ed cated persons out of the state and to areas within he state here their services may not be as effectively used nd will r sult in more intensive development and use of land within the City and will eventually result in an increase n the Ci y' s tax base; and that it is in the best interests f the po t district and the people of the City of Saint Paul and in fur herance of the general plan of development to assis the Compan in financing the Project. 2. Subject to the mutual agreement of the Author ty, the Company and the purchaser of the revenue bo ds as to he details of the lease or otlzer revenue agreement s define in the Act, and other documents necessary to evide ce and ef ect the financing of the Project and the issuance o the revenu bonds, the Project is hereby approved and authoriz d and tn issuance of revenue bonds of the Authority, which revenu bonds may be issued in two series, in an aggregate amount not to exceed approximately $1,200,000 (other than uch additi al revenue bonds as are needed to complete the Pro 'ect) is aut rized to finance the costs of the Project and the recomm dations of the Authority's staff, as set forth in e staff morandum to the Commissioners which was presented the Co issioners, are incorporated herein by reference an approv ' . 3. In accordance with Subdivision 7a of Section 474.01,� Minnesota Statutes, the Executive Vice-President of the AUTHORI is hereby authorized and directed to submit the proposa for the above described Project to the Commissione of Energy d Economic Development, requesting his approval, d other a ficers, employees and agents of the AUTHORITY are hereby uthorized to provide the Co�nissioner with such prelimi ary information as he may require. 3 . • _ �,- ��- . 4. There has heretofore been filed with the Authorl' ty a form of Preliminary Agreement between the Auth rity � and Co pany, relating to the proposed construction and - financ ng. of the Project and a form of the Underwriting Agreem nt. The forms of the agreements have been examined by the Co issioners. It is the purpose of the agreements to eviden e the commitment of the parties and their intention with r spect to the proposed Project in order that the Com any may pr ceed without delay with the commencement of the acquis tion, installation and construction of the Project ith the as urance that there has been sufficient "official act on" under ection lU3(b) of the Internal Revenue Code of 1954, as amende , to allow for the issuance of industrial revenue nds (inclu ing, if deemed appropriate, any interim note or not s to provid temporary financing thereof) to finance the entire cost of the Project upon agreement being reached as to the ulti ate detail� of the Project and its financing. Said Agreements are herebylapproved, and the President and Secretary of the Author�'}ty are hereby authorized and directed to execute sa'd Agreeme} ts. 5. Upon execution of the Preliminary Agreement y the Co any, the staff of the Authority is authorized and direct� to continue negotiations with the Company so as to resolvel the remaining issues necessary to the preparation o the lea e and other documents necessary to the adoption by e Authori y of its final bond resolution and the issuance and deliver of the revenue bonds; provided that the President (or Vice-Pr sident if the President is absent) and the Secretar (or Ass stant Secretary if the Secretary is absent) of the Authori y, or if either of such officers (and his alternati e) are abs nt, the Treasurer of the Authority in lieu of such absent fficers, are hereby authorized in accordance with t e provisi ns of Minnesota Statutes, Section 475.06, Subdivisi n 1, to a cept a final offer of the Underwriter made by the Underwr ter to purchase said bonds and to execute an Underwr ting Agreement setting forth such offer on behalf o the Aut ority. Such acceptance shall bind the Underwriter o said of er but shall be subject to approval and ratificatio by the �Por Authority in a formal supplemental bond resolution to be adop ed prior to the delivery of said revenue bonds. . 6. The revenue bonds (including any interim not or notes) d interest thereon shall not constitute an indebte ess of the Authority or the City of Saint Paul wit in the mear�'ng of any constitutional or statutory limitation a d 4 I 1 : . . � �- �� . shall not constitute or give rise to a pecuniary liabilit of the A thority or the City or a charge against their gener 1 • credi or taxiny powers and neither the full faith and cr it . nor t e taxing powers of the Authority or the City is ple ed for payment of the bonds (and interim note or notes) inter t thereon. J 7• In order to facilitate completion of the re enue bond fl'nancing herein contemplated, the City Council is he eby reques ed to consent, pursuant to Laws of Minnesota, 1976, Chapte 234, to the issuance of the revenue bonds (includi g any in erim note or notes) herein contemplated and any additi nal bonds which the Authority may prior to issuance or from t me to time thereafter deem necessary to complete th Projec or to refund such revenue bonds; and for such purp se the Ex cutive Vice President of the Authority is hereby author zed and directed to forward to the City Council cop es of thi resolution and said Preliminary Agreement and any additi nal available information the City Council may requ st. 8. The actions of the Executive Vice-President of the Au hority in causing public notice of the public heari g and in describiny the general nature of the Project and estima ing the principal amount of bonds to be issued to financ the Project and in preparing a draft of the propos d applic tion to the Commissioner of Energy and Economic Develo ment, State of Minnesota, for approval of the Proje t, which as been available for inspection by the public at t e office of the Authority from and after the publication of' notice f the hearing, are in all respects ratified and confi d. - � Adoptedl July 22, 1986 �,. � , Attest 4.� Presi The or Authority of the City ,-�� of Sai Paul -� � � ��.�'�f_� �.reta 5 � � i — � . • . • � � _�a�s ;..^...�•. , t CITY OF SA.INT P�.UL - � ��'- . . ...�-a�„� � .:�i� s�t.til OFFICE OF TH� CITY COIINCIL . .. . . �OIl�I111�� 2 Qr� � � �:' � anc� l�ana ement & Perso ' _ nnel Com�ttee. August 28, 1986 1. Approval o minutes from meeting held August 21, 1986. approved 2. Resol.utionlladjusting the rate of pay for the title of Public Informatio Specialist I and II in Section T D 3 of the Salary Plan and Rates of Co pensatioa Resolutionll (laid over from August 21, 1986). passed w/o recommendation 3. Ordinance 6-1015 establishing the title of Intergovernmental Relations -Coordinato as specified by Chapter 12 of the Charter, Section 12.03(H) hereof (laid overifrom August 21, 1986) . passed out w/o recommendation 4. Resolutionl stablishing the rate of pay for Intergovernmental Relations Coordinato� in Grade 53, Section V, Subsection D, "Professional Group" U - classified, of the Salary �Plan and Rates of Compensation Resolution (lai over from i gust 21, 1986). passed out w/o recommendation ' 5. Resolutionl stablishing the rate of pay for Water Billing Operator in Gr de 1$, Section_I _ 1 of the Salary_Plan and._=Rates of Compensation Resolution__(1 id -_ . over from gust 21, 198b) . laid over (refer to Water Board for recomme dation) 6. Resolutionl xtending for three years and 60 days the provision of C.F. 8 -928, adopted Ju]� 17, 1984, which amended the Civil Service Rules pertaining o the filling of vacancies and extended certification. passed out w/o rec endation 7. Resolution I reating a new fund and activity to provide spending authorit for the operatill n of Watergate Marina. approved 8. Resolution mending the 1986 budget and adding $70,000 to the Financing lan. and to the pending Plan for Finance and Management Services - Citywide Information Services (computer center - laid over from August 21, 1986). a rove 9. Resolution mending the 1982 Capital Improvement Budget by transferring $560,000 fr m Metro Parks Grant (Battle Creek Park Reimbursement) to Log � Parks and R creation - Central Service Facility (laid over from August 2 , 1986). laid over t Se tember 4, 1986 10. Resolution mending the Capital Improvement Budget by transferring $97,0 0 from activi ies as listed to Fire Station 24 Addition (laid over from August 21, 986) . approved 11. Resolution Imending the 1986 Capital Improvement Budget and transferring $500,000 fr m Low-Income Housing Development Fund to Acquisition of Blig ted Properties Riverfront (laid over from August 21, 1986) . approved as am nded revised resolu ion to be submitted C� ��- SEVENTH FLOOR SAINT PAUL,MINN OTA 55102 °a�.•a __ __ -- � .._ _ _ _ _ _ . _ . __ .. . ....._,. ....,�,�..,-..,._.,_.,�.....�,..� __ _ .__ . . ...�.�. .::_ COrf�"IITTEE REPORT � , �/a�� FINAN�E, MANAGEMENTI & PERSONNEL COMMITTEE �ugust 28, 1986 I Page. 2 - ' I . 12. Resolut� n amending the 1986 budget by adding $33,964 to the Financi g Plan and to t{ e Spending Plan for General Governments Accounts - CH/CH Bu lding Mainten� ce (City - 35Z Share), approved 13. Res�lut'I n amending the 1986 budget by adding $30,000 to the Financi Plan and to t e Spending Plan for Public Works - Street Engineering Fund. a r ed 14.: :. coxisenting to .��r��a�e of F4 , .., � a,, . . . ��aritY'�,'�. X� . the f $].,�Ofl;�t'!tf tz� �;..the con"s��t � � �ti�acturi g f ��y �ircuits �.nd �lectronics�;.jr�,,.. . ..�;;.,.: ,�.�,: �,, 15. Resoluti n authorizing an agreement with the University of Minnesota hereby the cityiwill receive the services of Leon Satran, M.D. a roved Z6. Administ ative Orders: D-8072: I ddition of $11,887.85 to the contract for tuckpointing at F re tation No. 20 (laid over from August 21, 1986) , laid over D-8080: pproval of payment to Personnel Decisions Inc. for Assessme t enter for testing for Library Public Services Managers (lai ver from August 21, 1986) . laid over � � �. D-8095:� _luthorization for payment=to Brushworks and `Citywide Pos�erin � - nc., for services for the Rivertown International Film Festi al. laid over � . � � I