86-1494 WHITE - CI7V CLERK
'PINK - FINANCE I
CANARV - OEPARTMENT G I Y OF SA I NT PAIT L COUI�ClI //� '/�w
BLUE - MAVOR File NO• `� �
; C u 'l Resolution ,
Presente By •
Referred To Committee: Date � "��
Out of Committeie By Date
Wf�RF.AS:
1. On Sep�ember 0, 198 , the Port Authority of the City of Saint Paul dopted
Resolution No. �726 gi ing pr liminary approval to the issu�ance of revenue ds in the
initial princip�l a¢no t of $ ,200,000 to finance the construction of a 30,00 square
foot, three-stoily offi buil ing in E�ergy Park fo'r Energy Park V. Energy rk V is a
partnership sed o W. An ew Boss, Robert L. Pope and Stephen B. Welli on.
Miller & Schroe er Fi cial, Inc. has agreed to undeYwrite the revenue bond issue for a
tenn of 30 year .
2. Laws o� Minn ta 19 6, Chapter 234, provides that any issue of rev ue bonds
authorized by t�e Po AutYior'ty of the City of Saint Paul, shall be issued nly with the
oonsent of the �ity C cil o the City of Saint Paul, by resolution adopted in accordance
with law;
3. T1� Port Aut rity the City of Saint Paul has requested that the City Council
give its requisite oo ent p suant to said law to facilitate the issuance o said revenue
bonds by the Pqrt Aut rity the City of Saint Paul, subject to final appr val of the
details of saic� issue by the rt Authority of the City of Saint Paul.
RESOLVED, Iby the City C cil of the City of Saint Paul, that in acco noe with Laws
of Minnesota 1�76, C pter 2 4, the City Council hereby oonsents to the iss ce of the
aforesaid rever�ue bon s for he purp�ses described in the aforesaid Port Aut rity
Resolution No. 2726 exac details of which, including, but not limited t , provisions
relating to ma uritie , inte est rates, discount, redesnption, and for the is uance of
additional bon s are o be d ternnined by the Port Authority, pursuant to re lution
adopted by thelPort A thorit , and the City Council hereby autl�orizes the i uance of any
additional bon�s (inc uding efunding bonds) by the Port Authority, found b the Port
Authprity to b� neces ary fo carrying out the purposes for whicti the afore id bonds are
issued.
COUNCILMEN � Requested b Department of:
Yeas D►ev��' Nays �
�"os'a [n Favor
'�Rettman
'�Scheibel I
so�oa�— __ Against BY
-�Tede:� I
--wi�so� I
Adopted by Council: I Date
o �986 Form Approved by City Attorney
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Certified s d y Co Inc' . c BY
By�
A�pprov avor. D�ate
5 — �9�5 Appro y Mayor for Submis n uncil
By — By
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U��9SN�D N 0 v� " 1986_
st. paul Port 1�uth rity DEPARi'MENT + �%�`''�`��� � N� 06053
_ _
C.M. Towl�, E.A. aut ! CONTACT
224-5686 � PHONE
september 30, 1986 DATE �'�� - Qr .
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ASSIGN NUhR ER FOR .RO ING 0 DER C :i All Locations for Si nature :
,,�„ De�artment Direc or s Director of Managemen Mayor
� Finance and Mana ement ervice �I Director � 4 City Clerk
� Budg�t Director �.
2 City Attorney Err�RCY pAxic v
HAT WILL BE ACHIEVE BY T ING AC iIaN �V THE ATTACHED MATERIALS? (Purpose/
Rationale): �
The purgose of .the ond �i ue .is o finance the construction of a ,30,000 square- oot office
facility fcsr Energ� Park .in Ene gy Park. Energy Park V is a partnership compr sed of
W. Andrew Boss, Rob rt L, ope an Stephen B. Wellington, Jr. �
� � Y R�CEIVED
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�OST BENEFIT BUDGET RY AND PERSON L I.MPACTS ANTICIPATED: MAYOR�S O��I��
The amount of the r venue nd is �ue is $2,200,000 and will be for a term of 30 ears. There
will be approximate y 30 w jobs ';created as a result of this project.
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FINANCING SOURCE AND BUDGET ACTIVI NUMBER CHARGED OR CREDITED: (Mayor's signa-
ture not re-
Total Amount of "T ansact on: S2 !200,00o quired if under
_ , - �10,000)
Funding Source: I
Activity Number: �I
ATTACHMENTS List an Numbe All A achments :
1. Staff Memorand
2. Draft City Coun il Res lution
3. Port Authoritg esalut on No. 726 .
cc. J. Shoholm ;
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DEPARTMENT REVIEW � CITY ATT�JRNEY REVIEW
x Yes No Council Resol tion R uired? '.Resoaution Requi�ed? X es No
Yes x No Insura e Req ired? � Insurance Sufficien�? �_ es No
Yes X No Insura e Att hed: � _
(S E +REVE E SI� FOR IPISTRUCTIONS) �
Revised 12/84
, , .. � HOW TO.USE THE 6RE�N SHEET �
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The GREEN SHEET has several PURPOSES: � � � � �
1. . to assist in routing documents and in securinq required signatures
, 2. to brief the reviewers of docwnents on the impacts of approval
3. to help ensure that necessary supporting materials are prepared� and, if
, required, attached.'. _
Providing complete informa'tion under the listed headings enables reviewers to make
decisions on the documents and eliminates follow-up contacts that may delay execution.
The COST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS headinq provides space to explain
� the cost/benefit aspects of the decision. Costs and benefits related both to City ° .
budget (General Fund and/or Special Funds) and to broader financial impacts (cost
to users, homeowners or other groups affected by the action) . The personnel impact
is a description of change or shift of Full-T�,me Equivalent (FTE) positions. �
If a CONTRACT amount is less than $10,000, the Mayor's signature is not required,
if the depart�ent director signs. A contract must always be first signed by the
outside agency before routing through City offices.
Below is the preferred ROUTING for the five most fre�uent types of documents:
. CONTRACTS (assumes authorized budget exists) �
� l. Outside Agency 4. Mayor .
2. Initiatinq Department 5. Finance Director
3. City Attorney 6. Finance Accountinq
ADMINISTRATIVE ORDER (Budget Revision) ADMINISTRATIVE ORDERS (all others)
1. Activity Manager 1. Initiating Depart�nt
2. Department Accountant 2. City Attorney
3. Department Director 3. Director of Management/Mayor
4. Budget Director 4. City Clerk '
5. City Clerk �
6. Chief Accountant, F&MS
COUNCIL RESOT'.UTION (Amend. Bdqts./Accept. Grants) COUNCIL RESOLUTION (all others)
1. Department Director 1. Initiating Department
2. Budget Director 2. City Attorz�ey
3. City Attorney 3. Director o€ Manaqement/Mayor
4. Director of Management/Mayor 4. City Clerk
5. Chair, Finance, Mngmt. & Personnel Com. 5. City Council
6. City Clerk
7. City Council
8. Chief Accountant, �&MS
SUPPORTING MATERIALS. In the ATTACHI�NTS section, identify all attachments. If the
Green Sheet is well done, no letter of transmittal need be included (unless signing �
such a letter is one of the requested actions) .
Note: If an aqreement requires eviderice of insurance/co-insurance, a Certificate of
Insurance should be one of the attachments at time of routing.
Note: Actions which requixe City Council Resalutions include:
1. Contractual relationship with another governmental unit.
2.. Collective barqaininq contracts. •
3. Purchase, sale or lease of�land.
4. Issuance of bonds by City.
5. Eminent domain.
6. Assumption of liability by City, or granting by City of ind�mnific�tion. .
7. Agreements with State or Federal Govermaent under which they are providing
funding.
8. Budqet amendments. : ,
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�, P O R T �� � + ��^����
' AUTHdRI Y
OF THE CITY OF ST. PAUL
� Memorandum
TO: g�,gD c�F �'ON�I SSIONE DATE: Se t. , 1986
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(Sep$. 30 S cial eting)
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FROM: C.M. T�wle
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SUBJECT: �g�yl,p� V A MI SOTA LIMITED PARTNERSHIP
PUBLIC �E�ARI - PRE IMINARY AND UNDERWRITING AGREEMEI�TTS
$2,200,b00 D ISSUE
RESOLUTION [JO 2 7 2 6
PUBLIC ��EARI - SALE OF LAND
RESOLLTTI01�1 [VO. 2 7 2 7
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1. TF�I PRQ7E
Staf�f is r oo9mien ing to the Comnission and for your considerati that
we underta e the inancing of a 30,000 square foot, three-story fice
building t be 1 ated on the southeast oorner of Energy Park La and
Enezhgy Par Drive in Energy Park for Energy Park V. Approximatel 2/3
of t}his bu lding ill be occupied by Pope Associates Architects a d St.
Antl�ony Pa k Stat Bank.
2. THE IDE'VEIA ERS
The �C]evelo r own /occupants of this facility are Robert Pope,.
prin ipal er o Pope Associates Architects, and W. Andrew Boss
Chai�n o ttie rd of St. Anthony Park State Bank. Steve Weli ngton
willlhave snall sition in the partnership as a developer's fe with
the �alan owned y by Messrs. Boss and Pope with the possibilit of
addi ional ers 'n the event a tenant desires awnership of his pace.
The �aguir Agency Inc. , a St. Paul insurance campany, is giving
seribus oo iderat'on to becaning a tenant in the building which uld
givelan ove all oc upancy of 90$.
3. FI�CING
The �ropos finan ing would be a $2.2 million 876 industrial rev nue
bondlissue ith $2 0,000 provided by the developers for additiona
leas�hold ' provesn nts for the bank and office space. A letter o
cred}t will be pro ided by the developers for the debt service res rve;
and v�ith th lease ld improvement funds, there will be an 18$ equ'ty
cont�hibutio by t partners. The sources and uses of funds are a
follqws:
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B0�1RD C�F C'ONIl�I SSIONE
Septemper 26, 1986
Page -?�-
Sou�rces o Funds: Uses of Funds:
Po�t Aut rity d Issue $2,200,000 Construction $1,9 4,000
DebtL Serv'ce Res e 200,000 Special Leaseholds 00,000
(Letter f Cre it) Letter of Credit 00,000
Dev�loper aseho ds 200,000 Construction Period
TO�tal $2,600,000 Interest 55,000
i Discount 66,000
Bond Issuance Cost 25,000
Total $2, 00,000
Thi� will a no -reoourse partnership, and the developers
ind}vidual y will execute a Cash Flaw Maintenance Agreement to
guarantee ebt se ice and operating oosts for a period of five ars
or until s ch tim as 105$ of these costs are covered by leases '
pla�e for ternn f no shorter than three years.
The term o the 1 ase will be for 30 years with the developers ha ing
an dption o pure se the building for 10$ of the original bond i sue
oost� at 10 20 an 30-year periods.
ThelPort A thorit will receive sinking fund earnings and fiscal nd
adninistra ive f based on the fonnula of .5$ per year of the nd
issu�e for hree y rs and 1$ per year of the bond issue for the lance
of t!he t' the ds are outstanding.
4. LAND�LF.�ASE
The �rojec will cupy approximately 105,000 square feet of land and
the lland r t woul be calculated on the basis of $3 per square f t
withjan a 1 ren of $31,901.57 or $.306 per square foot based n the
fina� land urvey. Land rent will start six months after the
capi alized intere t period. Land purchase options for the 10, 2 and
30-y�ar per'ods wi 1 be based on $3.48 per square foot, $2.50 per
squa�e foot and $1 50 per square foot respectively.
5. UNDE TI
Mill�r & Sc roeder Financial has agreed to underwrite the 30-year nd
issu� at an intere t rate to be set at the tune the bonds are sol , and
we an�ticipa e this to occur at our regular October meeting.
6. REC01�7EN�AT ONS
The I�istric 10 Co cil has been contacted and have registered no
objec�tions o this project. Staff has interviewed the principals f
this partne ship, eviewed their financial statements and recozrmen s
apprdval of Resolu ion Nos. 2726 and 2727.
CMr:ca
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Resolution No. o� 7
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I RESOLUTION OF
THE P RT AU HORITY OF THE CITY OF SAINT PAUL
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WHER AS, t e purpose of Chapter 474, Minnesota
Statutes� know as t e Minnesota Municipal Industrial Develo -
ment Act (hereinafte called "Act" ) as found and determined y
the legi latur is t promote the welfare of the state by th
active a tract 'on an encouragement and development of econo i-
cally so nd in ustry and commerce to prevent so far as possi le
the emer ence f bli hted and marginal lands and areas of
chronic �nempl yment and to aid in the development of existi g
areas of bligh , mar inal land and persistent unemployment; nd
I WHER AS, f ctors necessitating the active promotio
and developmen of e onomically sound industry and commerce re
the incr asing conce tration of population in the metropolit n
areas an� the apidl rising increase in the amount and cost of
governmental s rvice required to meet the needs of the
increasec� popu ation and the need for development of land us
which willl pro ide a adequate tax base to finance these
increased cost and ccess to employment opportunities for s ch
populatioln; an
WHER AS, T e Port Authority of the City of Saint Pa 1
( the "Authorit " ) ha received from the Energy Park V
(hereinafter r ferre to as "Company" ) a request that the
Authority issu its evenue bonds to finance the acquisition,
installation a d con truction of facilities for the 30,000
square foot, t ree-s ory office building (hereinafter
collectiv�ly called e "Project" ) in Energy Park in the City
of St. Pa 1, a 1 as 's more fully described in the staff repo t
on f ile; and
IWHER AS, th Authority desires to facilitate the
selective deve opmen of the community, to retain and improve
its tax b se a to h lp it provide the range of services and
employmen opp rtunities required by its population, and said
Project w'll as ist t e City in achieving that objective. Sa d
Project w 11 h lp to increase the assessed valuation of the
City and �ielp m intai a positive relationship between assess d
valuation' and d bt an enhance the image and reputation of th
City; and ,
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WHE EAS, he Project to be financed by revenue bon s
will result i subs antial employment opportunities in the
Project;�
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WHE EAS, he Authority has been advised by repre-
sentatives of the C mpany that conventional, commercial
financin�g to ay th capital cost of the Project is availabl
only on �a lim ted b sis and at such high costs of borrowing
that thelecon ic fe sibility of operating the Project would be
signific�antly reduc d, but the Company has also advised this
Authorit that but f r revenue bond financing, and its
resultin� low borro ing cost, the Project would not be
undertak�n;
I WHER AS, M 'ller & Schroeder Financial , Inc. (the
"Underwriter" ) has m de a proposal in an agreement ( the
"Underwr �iting greem nt" ) relating to the purchase of the
revenue lbonds o be 'ssued to finance the Project;
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i WHER AS, t e Authority, pursuant to Minnesota
Statutes, Sect 'on 47 .01, Subdivision 7b did publish a notic ,
a copy of whic with proof of publication is on file in the
office off the uthor ty, of a public hearing on the proposal of
the Comp�ny th t the Authority finance the Project hereinbef re
describe� by t e iss ance of its industrial revenue bonds; a d
I WHER AS, t e Authority did conduct a public hearin
pursuantlto sa d not ce, at which hearing the recommendation
containe� in t e Aut ority's staff inemorandum to the
Commissioners ere r viewed, and all persons who appeared at
the hearing we e giv n an opportunity to express their views
with resp�ect t the roposal.
iNOW, THERE ORE, BE IT RESOLVED by the Commissioners
of the Polrt Au horit of the City of Saint Paul, Minnesota as
follows:
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I1. On th basis of information available to the
AuthorityI it a pears, and the Authority hereby finds, that sa 'd
Project cbnstit tes p operties, used or useful in connection
with one or mo e rev nue producing enterprises engaged in any
business d�ithin the m aning of Subdivision 1 (a) of Section
474.02 ofjthe t; th t the Project furthers the purposes
stated inlSecti n 474 O1 of the Act and, but for the
willingness of he Au hority to furnish such financing, the
Company w�uld n t und rtake the Project, and that the effect f
the Proje�t, if under aken, will be to encourage the develop-
ment of e�onomi ally ound industry and commerce and assist i
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the prev�entio of th emergence of blighted and marginal lan ,
and willlhelp to pr ent chronic unemployment, and will help
the City to retain a d improve its tax base and provide the
range of� serv ' es an employment opportunities required by i s
populatipn, an will help to prevent the movement of talente
and educ�ted rsons out of the state and to areas within th
state where th ir se vices may not be as effectively used an
will res�lt in more 'ntensive development and use of land
within tthe Cit and ill eventually result in an increase in
the City�s tax base; and that it is in the best interests of
the portldistr 'ct an the people of the City of Saint Paul a d
in furth¢rance of th general plan of development to assist he
Company in fin ncing the Project.
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2. Subje t to the mutual agreement of the
Authority, the Compa y and the purchaser of the revenue bond
as to the deta ls of the lease or other revenue agreement as
defined in the Act, nd other documents necessary to evidence
and effeut the finan ing of the Project and the issuance of he
revenue b�onds , the P oject is hereby approved and authorized
and the �ssuan e of evenue bonds of the Authority in an amo nt
not to exceed pprox 'mately $2, 200,000 (other than such
additiona!1 rev nue b nds as are needed to complete the Project)
is author�ized o fin nce the costs of the Project and the
recommend�ation of t e Authority's staff, as set forth in the
staff inemprand m to the Commissioners which was presented to
the Commission rs, a e incorporated herein by reference and
approved. i
3. n acc rdance with Subdivision 7a of Section
474.01, M 'nnes ta Sta utes, the Executive Vice-President of t e
AUTHORITY is he eby a thorized and directed to submit the
proposal �or th abov described Project to the Commissioner f
Energy an�3 Econ mic D velopment, requesting his approval, and
other off `cers, emplo ees and agents of the AUTHORITY are
hereby au�horiz d to rovide the Commissioner with such
prelimina�y inf rmati n as he may require.
I4. here as heretofore been filed with the
Authority Ia for of P eliminary Agreement between the Authori y
and Compariy, re ating to the proposed construction and
financinglof th Proj ct and a form of the Underwriting
Agreement.i The forms of the agreements have been examined by
the Commi�sione s. I is the purpose of the agreements to
evidence �he co mitme t of the parties and their intentions
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with res�ect t the roposed Project in order that the Compa y
may proc ed wi hout elay with the commencement of the
acquisition, i stall tion and construction of the Project wi h
the assu ance hat t ere has been sufficient "official actio "
under Se�tion 03(b) of the Internal Revenue Code of 1954, a
amended, ' to al ow fo the issuance of industrial revenue bon s
to finance the entir cost of the Project upon agreement bei g
reached s to he ul imate details of the Project and its
financin . Sa 'd Agr ements are hereby approved, and the
Presiden and ecret ry of the Authority are hereby authoriz d
and directed t exec te said Agreements.
5. Upon xecution of the Preliminary Agreement b
the Comp�ny, t e sta f of the Authority is authorized and
directed to co tinue negotiations with the Company so as to
resolve he re ainin issues necessary to the preparation of
the leas and ther ocuments necessary to the adoption by t e
Authorit of i s fin 1 bond resolution and the issuance and
delivery of th reve ue bonds; provided that the President ( r
Vice-Pre ident if th President is absent) and the Secretary
(or Assi tant ecret ry if the Secretary is absent) of the
Authorit , or f eit er of such officers (and his alternativ )
are absent, th Trea urer of the Authority in lieu of such
absent officer , are hereby authorized in accordance with th
provisio s of innes ta Statutes, Section 475.06, Subdivisio
1, to ac�ept a final offer of the Underwriter made by the
Underwriter to purch se said bonds and to execute an
Underwriting A reeme t setting forth such offer on behalf of
the Auth�rity. Such acceptance shall bind the Underwriter t
said off r but shall be subject to approval and ratification by
the Port Autho ity i a formal supplemental bond resolution o
be adopted pri r to he delivery of said revenue bonds.
6. The r venue bonds and interest thereon shall ot
constitute an ndebt dness of the Authority or the City of
Saint Paul wit in th meaning of any constitutional or
statutor limi ation and shall not constitute or give rise to a
pecuniar liab lity f the Authority or the City or a charge
against heir enera credit or taxing powers and neither the
full fai h and credi nor the taxing powers of the Authority or
the City is pl dged or the payment of the bonds or interest
thereon.
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i 7. In or er to facilitate completion of the reve ue
bond financing herei contemplated, the City Council is here y
requestec� to c nsent pursuant to Laws of Minnesota , 1976,
Chapter 34, t the ssuance of the revenue bonds herein
contempl ted a d any additional bonds which the Authority ma
pr ior to � issua ce or f rom t ime to t ime therea f ter deem
necessary to c mplet the Project or to refund such revenue
bonds; ar�d for such urpose the Executive Vice President of he
Authority is h reby uthorized and directed to forward to the
City Council c pies f this resolution and said Preliminary
Agreement� and ny ad itional available information the City ,
Council may re uest.
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8. The a tions of the Executive vice-President of
the Authdrity n cau ing public notice of the public hearing
and in describ 'ng th general nature of the Project and
estimatilg the princ pal amount of bonds to be issued to
finance tl�e Pr ject nd in preparing a draft of the proposed
application to the C mmissioner of Energy and Economic
Developme�nt, S ate o Minnesota, for approval of the Project,
which hasj been avail ble for inspection by the public at the
office of the uthority from and after the publication of
notice oflthe earing, are in all respects ratified and
confirmed.
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Adopted Slptemb r 30, 1986 �
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Attest �
Pres ' t
, The Port A thority of the City
�' �,.--, � of Saint aul
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=?/'��✓I ' � .�'�llli.�
` 'Secretary
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PORT AUTH�RIN OF THE CIN F SAINT PAUL TOLL FREE(8 )328-8417
1900 AMH�IST TOW R • 5 ST. PETER STREET • ST. PAUL, MN, 55102 • PHONE(6 2)224-5686
� Septesnber 30, 1986
Mr. J s Bell s, Di or
Plannin and E nanic velo�Cnent Department
City of �t. Pa 1
14th Flopr, Ci Hall ex
St. Paull, Minn sota 102
SUBJECT:I EIJE PARK
I $2,2 ,000 BOND ISSUE
Dear Jun�
We sulmit herew'th for y�our review and referral to the office of the yor,
City Co cil an City ttorney's offioe details pertaining to ttye iss nce
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of $2,20 ,000 i reven bonds to finance the construction of a 30,00
square f�ot off'ce fac lity for Energy Park V in E�ergy Park. Energy
Park V i a pa nershi comp�sed of W. Andre�w Boss, Robert L. Pope an
Stephen �. Weli ngton, Jr.
The Port Author ty sta f has vonducted a thorough evaluation of the f'
and/or ir�divid ls tha are involved in this project or in which the
principa s have an int rest. This investigation has included detail
credit a�lysis Dun d Bradstreet reports, direct caRm�nication wit
represent�atives of fin ncial institutions with whom the participants ve
done business d data base checks to deternnine if any principal(s) ha e
been in a�ny way involv in legal proceedings as a result of securitie
fraud, e�qtortio , embe zlement or financial misrepresentation.
In additipn to sta f ine�norandun, vae are attaching a draft vopy of he
proposed City uncil solution and a oopy of Port Authority R�esoluti n
No. 2726 {which uthori d the sale of revenue bonds in the a�nount of
$2,200,OOiO.
Your expe;ditio handli of this matter will be appreciated.
Yours truly,
-�.�.�D
�.,`�.'�"Y
Eugen A. Kraut
EAK:ca j Execu ive Vice President
oc. Mayor Lat'
EUGENE A KRAUf,C.I.D. DOINALD G.DU SHEE,C.I.D. CHARLES M.TOWLE CUFFORD E.RAMSTED.P.E. PERRY K.FEDERS C.P.A
IXECUTNE VICE PRESIDEM ASSf EXEC.VIC PRESIDENT DIRECTOR OF INpU5fRU1L DEVELOPMENT CHIEF ENGINEER DIRECTOR OF FINANCE
� ASST.TREASURER
RICHARD A IERDAL WILLIAM E.McGNERN
PROPER7V P�GER DIRECTOR OF PUBLIC RELAiIONS
COMMISSIONERS GEORGE W.WINT�R WI WILSpN ARTHUR N.GOODMAN VICTOR P.REIM RAVMOND E.LANGEVIN CHRIS NI OSIA JEAN M.WEST
�PRESIDENT VI PRESIDEM SECREfARV TREASURER COMMISSIONER COMMISSI NER COMMISSIONER
I �I I� �a►tfficxi Inrii ictrinl f�cvclnncr
L l � t�.v-�l-�
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�� C TY OF SgINT PAUL
:�:ii�i1 z ��, O CE OF TH� CITY COUDTCIL
Cammitte� Report
�:' anc� l�an eme�t � Persannei Gammittee.
OCTOBER 23, 1986
1. Approval of minut s fro meeting held October 16, 1986. approved
2. Resolution author'zing e tablishment of a permanent internal audit syst m
and directing the Direct r of Finance to submit to Council and Mayor
recommendations f r City Charter change. approved _ '
3. Resolution�i cons ing to �the. issuance of Port J�thority�-��a�enue i�+amds
the am�,t �cf $2, OO;OQ �to�finance an office �iui2ding in Eaergy Aark :f r
Ene�c�:��i ��F. roved ' ( eas: Schei�el and Nicosia; na R:. Sonne�)
4. Resolution estab "shing he rate of pay for Public Works Bridge Foreman in
the Salary Plan d Rate of Compensatior� Resolution. approved (revise -
� resolution submit ed) • . �
*5. Resolution estab 'shing he rate of pay for the title of Administrative
- --� Secreta�y-- o the uperin-endent in the Independent Sehool-District No. 25 --= -
in Grade 3 Tech 'cal Gr up. passed out without recommendation
*6. Discussion of re vation of City Hali/Courthouse and property managemen
of joint city/co ty bui dings. discussed - continued to 10/30/86
I
�
#�Brought in und r sus nsion f rules. •
CZTY HAI.I. SEVENTfI FLOOR. SAIlV'r PAUL, OTA 55202
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