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86-1660 WHITE - C�TV CIERK PINK - FINANCE GI Y OF SAINT PAUL Council � CANARV - DEPARTMENT � BLUE - MAVOR � F11C NO. C cil Resolution :��_ � . Presented , °7 � Referred To � Committee: Date l� � � — Out of Committ e By Date WHEREAS: 1. On October 2 , 1986 the Port Authority of the City of Saint Paul ad pted Resolution No. 2731 g ving p eliminary approval to the issuance of revenue b nds in the initial princi al amo nt of 628,000 to finance the construction of a 15,000 square foot office, manufa turing and wa ehouse facility on a site containing 50,430 squ re feet in Riverview Indu trial ark fo S & S Partnership, comprised of Ingo A. Schalw'g and Jerry Stransky, and lark 0 fset P inting and Cartwheel Company will sublease 100X of the facility. Mil er & S hroede Financial , Inc. has agreed to underwrite the r venue bond issue for a term of 3 years 2. The P 'rt Aut ority f the City of Saint Paul will submit an applica ion for an industrial rev nue bo d allo ation from the State of Minnesota Competitive P ol as the project is ind strial The ity of Saint Paul 's entitlement allocation will not be affected by th s appl cation 3. Laws of Minn sota 1 76, Chapter 234, provides that any issue of re nue bonds authorized by �he Por Autho ity of the City of Saint Paul , shall be issued nly with the consent of the City C uncil f the City of Saint Paul , by resolution adopte in accordance with law; 4. The P rt Aut ority f the City of Saint Paul has requested that th City Council give its requisite co sent p rsuant to said law to facilitate the issuance f said revenue bonds by the Port Aut ority f the City of Saint Paul , subject to final app oval of the details of said issue by the Port Authority of the City of Saint Paul . RESOLVED, by the City C uncil of the City of Saint Paul , that in accor ance with Laws of Minnesota 1 76, Ch pter 2 4, the City Council hereby consents to the iss ance of the aforesaid reve ue bon s for he purposes described in the aforesaid Port Au hority Resolution No. 2731 t e exac details of which, including, but not limited o, provisions relating to maturitie , inte est rates, discount, redemption, and for the i suance of additional bon s are o be d termined by the Port Authority, pursuant to re olution adopted by the Port A thorit , and the City Council hereby authorizes the i suance of any additional bon s (inc uding efunding bonds) by the Port Authority, found b the Port Authority to b necessary fo carrying out the purposes for which the afore aid bonds are COUNCILMEN Requested by Department of: Yeas Drew Nays I N"os'a [n Favor Rettman Scheibel �- Sonnen - __ Ag81[lSt BY Tedesco Wilson �E � 8 � Form Approved by City Attorney Adopted by Council: Date � Certified Pa.s y ounc'1 Sec ry BY � � By Ap d by Mavo � Approve by May r or Su 'ssion to Cou cil B — � p BIISHED J aN 10198� �St. Paul Port Auth ri � DEPARTMENT ����p0 No 2236 ' J.E. Terrell E.A. raut ' CONTACT 224-5686 ' PHONE October 21, 1986 ' DATE ���� e ASSIGN NUN�ER FOR ROU ING 0 ER C1 All Locations for Si nature : Department Direct r 3 Director of Management Mayor Finance and Manag ment S rvices �Director � Cit,y Clerk Budget Director S&S Partnership subleas to Clark Offset 2 City Attorney Printin Inc. & Cartw e1 Com an 628,000 Revenue Bond I sue WHAT WILL BE ACNIEVED BY TA NG ACT ON ON THE ATTACHED MATERIALS? (Purpose/ Rationale) : S & S Partnership is a Minn sota P rtnership comprised of Ingo A. Schalwig and Je y Stransky. Mr. Schalwig is the reside t of C 'ark Offset Printing, Inc. , St. Paul , Minnesota nd of Eastern Printing, In . , Fri ley, M �nesota. Mr. Stransky is the President of the artwheel Co. in St. Paul , Minneso a. Th partn rship proposes to construct a 15,000 square fo office, manufacturing and wa ehouse facili y on a site containing 50,430 square feet in Ri erview Industrial Park. Th Compa ies th !t will sign subleases coterminous with the bond issue are Clark Offset Printin , Inc. and Ca �wheel Company. Eastern Printing will be merg with Clark Printing and will al o loca e in t '�is new facility. These two firms will occupy 1 0� of the space. COST/BENEFIT, BUDGETA Y AND ERSONN L IMPACTS ANTICIPATED: The amount of the re enue nd iss e is $628,000 and wi11 be for a term of 30 yea s. There will be approx'matel six toleight new employees created as a result of thi project. The Port Authority w'll su it an pplication for an industrial revenue bond a110 ation from the State of Mi nesot Compet tve Pool , in 1987 as the project is industrial The City of Saint Paul 's 1987 titlem 'nt allocation will not be affected by this app ication. FINANCING SOURCE AND UDGET CTIVIT NUMBER CHARGED OR CREDITED: (Mayor's signa- ture not re- Total Amount of Tr nsacti n: �' quired if under $10,00Q) Funding Source: Activity Number: ATTACHMENTS List and Numbe All At 'achments : 1. Staff Memorandum 2. Draft City Counc'1 Res ution 3. Port Authority R soluti n No. 731 cc: J. Shoholm DEPARTMENT REVIEW CITY ATTORNEY REVIEW �Yes No Council Resolu ion Re uired? Resolution Required? � es No Yes X No Insuran e Requ'red? Insurance Sufficient? X es No Yes X No Insuran e Atta hed: (S REVER E SIDE FOR INSTRUCTIONS) Revised 12/84 HOW TO USE THE GREEN SHEET . � � The GREEN SHEET has several PURPOSES: � � , 1. to assist in routing documents and in securing required signatures 2. to brief the reviewers of documents on the impacts of approval 3. to help ensure that necessary supporting materials are prepared, and, if required, attached. Providing complete information under the listed headings enables reviewers to make decisions on the documents and eliminates follow-up contacts that may delay execution. . The COST/BENEFIT, BUDGETP.RY AND PERSONNEL IMPACTS heading 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-Time Equivalent (FTE) positions. If a CONTRACT amount is less than $10,000, the Mayor's signature is not required, if the department 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 frequent types of documents: CONTRACTS (assumes authorized budget exists) 1. Outside Agency 4. Mayor 2. Initiat�ng Department 5. Finance Director 3. City Attorney 6. Finance Accounting ADMINISTRATIVE ORDER (Budget Revision) ADMINISTRATIVE ORDERS (all others) 1. Activity Manager 1. Initiating Department 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 RESOLUTION (Amend. Bdgts./Accept. Grants) COUNCIL RESOLUTION (all others) 1. Department Director 1. Initiating Department 2. Budget Director 2. City Attorney . 3. City Attorney 3. Director of Management/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, F&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 agreement requires evidence of insurance/co-insurance, a Certificate of Insurance should be one of the attachments at time of routing. Note: Actions which require City Council Resolutions include: l. Contractual relationship with another governmental unit. 2. Collective bargaining 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 indemnification. 7. Agreements with State or Federal Government under which they are providing funding. S. Budget amendments. , . , � , '�% �,� .��c��f�, • . . � �'���1� PORT AUTHORIN OF T E CIN SAINT PAUL TOLL FREE(80 ) 328-8417 1900 AMHOIST TOWE • 5 ST. PETER STREE� • ST. PAUL, MN. 55102 • PHONE(61 )2?_4-5686 �) October 21, 1986 �' ;= .: .� ', ;...� . Mr. James Bell s, Dir ctor t�y, ' .� � Planning and E onomic Development Department City of St. Pa 1 �Q�J � � ;;��� 14th Floor, Ci y Hall Annex St. Paul , Minn sota 5102 ���r , t�l�� e� n ..���:f�:.� SUBJECT: S & PARTN RSHIP (SUBLEASE TO CLARK OFFSET PRIN ING, I C. AND CARTWHEEL COMPANY) $628,000 RE ENUE BOND ISSUE Dear Jim: We submit here ith fo your review and referral to the office of the Mayor, City Council a d City Attorney's office details pertaining to the is uance of $628,000 in revenu bonds to finance the construction of a 15,000 square foot office, m nufact ring and warehouse facility on a site containi g 50,430 square eet in Riverview Industrial Park for S & S Partnershi , comprised of I go A. chalwig and Jerry Stransky. Clark Offset Prin ing and Cartwheel ompany will sublease 100% of the facility. The Port Autho ity st ff has conducted a thorough evaluation of the irms and/or individ als th t are involved in this project or in which the principals hav an in erest. This investigation has included detail d credit analysi , Dun nd Bradstreet reports, direct communication wi h representative of fi ancial institutions with whom the participants have done business nd dat base checks to determine if any principal(s) ave been in any wa invol ed in legal proceedings as a result of securities fraud, extorti n, emb zzlement or financial misrepresentation. In addition to the st ff inemorandum, we are attaching a draft copy o the proposed City ouncil resolution and a copy of Port Authority Resolu ion No. 2731 which author zed the sale of revenue bonds in the amount of $628,000. Your expeditio s hand ing of this matter will be appreciated. —�ours truly, E g ne A. Krau EAK:ajc Executive Vice President cc. Mayor Lati er EUGENE A KRAUT,C.I.D. DONALD G.D SHEE,C.I.D. CHARLES M.TOWLE CLIFFORD E.RAMSTED,P.E. PERRY K.FEDERS C.PA EXECUTIVE VICE PRESIDENT ASST.EXEC.VI PRESIDENT DIRECTOR OF INDUSTRIAL DEVELOPMENT CHIEF ENGINEER DiRECTOR OF FINANCE ASST.TREASURER RICHARD A.GIERDAL WILLIAM E.McGIVERN PROPERN NAGER DIRECTOR OF PUBUC REIATONS COMMISSIONERS GEORGE W.WINTER WILL M WILSON ARTHUR N.GOODMAN VICTOR P.REIM RAYMOND E.LANGEVIN CHRIS NI OSIA JEAN M.WEST PRESIDENT VI PRESIDENT SECRETARY TREASURER COMMISSIONER COMMIS ONER COMMISSIONER C.I.D.Certified Industrial Developer 4,� . � -���d : PORT AUTHORI Y OF THE CITY OF ST. PAUL Memorandum TO: BOARD OF COMM SSIONE S DATE: Octob r 1�, 198fi (October 21, e ular Meeting) FROM: J.E. Terre SUBJECT: S & S PARTNER HIP SUB EASE TO CLARK OFFSET PRINTING, INC. AND CARTWNEEL COMPANY PUBLIC HEARIN - PRELIMINARY AND UNDERWRITING AGREEMENT $628,000 RESO UTION 8 6 INDUSTRIAL RIVERVIEW IND STRIAL ARK RESOLUTION N0. 2731 PUBLIC HEARIN - SALE OF LAND RESOLUTION N0. 2732 1. THE PARTNE SHIP S & S Part ership is a Minnesota Partnership comprised of Ingo A Schalwig and Jerry transk . Mr. Schalwig is the President of Clark Offs t Printing, Inc. , St, aul , M'nnesota and of Eastern Printing, Inc. , Fridley Minnesota. Mr. Strans y is t e President of the Cartwheel Company in St. Pa 1 , Minnesota. The p rtnership proposes to construct a 15,000 squar foot office, ma ufactu ing and warehouse facility on a site containin 50,430 square fee in Ri erview Industrial Park. The Companies that wi 1 sign subleases otermi ous with the bond issue are Clark Offset Print ng, Inc. and Cartwh el Com any. Eastern Printing will be merged with C1 rk Printing and will a so loc te in this new facility. These two firms will occupy 100% of the spa e in t e proposed new building. Clark Offs t Prin ing, Inc. was incorporated in 1968 and began o erations in leased spa e on W 11 Street. The Company was purchased by Mr. S halwig in 1975 and m ved to its current location in Riverview Industrial P rk in 1980. The Compan is a ommercial printer specializing in the producti n of brochures, progra s, letterhead and promotional materials for lo al customers. Mr. S halwig, has over 25 years experience in the co mercial printing f'eld. he company currently employs eight persons in ts two facilities Empl yment is expected to increase by 2-4 jobs over the next 18-24 mont s. Cartwheel ompany was founded in 1977 by its President and owner Jerome R. Stransky. The Co pany is a wholesale distributor which speciali es in a high-quali y line of gift and souvenir items sold to over 2,000 etail accounts, ost of which are in Minnesota and Wisconsin. The Com any's product li e cons sts of postcards, greeting cards, calendars, a dress books, cer mic mu s, collector spoons and sportswear. The Compan has g own steadily over the past two years expanding from approximat ly 450 customers to over 2,200. Cartwheel Company cu rently employs 11 people and expects employment to increase by six to eight over the next t o year as a result of this expansion. � � . . r/�, o�-/��� t • � BOARD DF COMMISSI NERS � � October 17, 1986 ' Page 2 2. THE PROJECT The partnersh p prop ses to construct a 15,000 square foot office, manufacturing and wa ehouse facility on a 1.1 acre site in Rivervie Industrial Pa k on S ate Street. The Port Auth rit,y w uld lease the site containing 50,430 square fee at a gross rate of $2.00 er square foot plus 10% interest for a 30-year erm. The land rent will b adjusted to a rate to be negotiated with the partnership w en soi correction costs have been confirmed for the b ilding. The land rent will b determined before the bonds are sold and wi]1 e payable month y in a vance beginning in August, 1987. 3. FINANCING The proposed inanci g would be done as an 876 Industrial Developmen Revenue Bond ssue f r a 30-year term. Proceeds from the bond issue would be as follows• Construction $495,000 Debt Service eserve 58,500 Capitalized I terest (9 Months) 37,500 Bond Issuance Cost 18,000 Bond Discount $ 19,000 TOTAL $628,000 The Port Auth rity wo ld receive earnings on the debt service reserv and sinking funds s well as the customary fiscal and administrative fee based on a rate of $ 50 per month for the first ten years, $450 per month or the second ten yea s and 550 per month for the third ten years of the 1 ase. The individual partne s and the companies will guarantee the bond is ue for its entire ter . 4. UP�DERWRITING Miller & Schro der Fi ancial , Inc. has agreed to underwrite the 30-y ar tax exempt or taxa le bon issue at interest rates to be set on the day he bonds are sold We a ticipate the bonds will sell at the regular De ember, 1986 Commissio meeti g. 5. TERMS OF THE L ASE The term of th lease would be for 30-years with the partnership hav ng an option to purc ase th land for one-half the original cost and the b ilding for 10% of the origin 1 bond issue cost at the end of the term. 6. RECOMMENDATION Early notice f r Dist ict 3 was published July 18, 1986. Staff has contacted Dist ict 3 nd there is no opposition to this project. St ff has interviewed th partn rs, reviewed their financial statements and re ommends approval of th above resolutions. JET:ajc � � � � �-�-/��d ; . 541I Resolution No. � / RESOLUTION OF THE PORT UTHORITY OF THE CITY OF SAINT PAUL WH REAS, the purpose of Chapter 474, Minnesota Statutes, kn wn as the Minnesota Municipal Industrial Devel p- ment Act (he einaf er called "Act") as found and determined by the legislat re is to promote the welfare of the state by t e active attra tion nd encouragement and development of econ mi- cally sound ndust y and commerce to prevent so far as poss ble the emergenc of b ighted and marginal lands and areas of chronic unem loyme t and to aid in the development of exist ng areas of bli ht, m rginal land and persistent unemployment; and WH REAS, factors necessitating the active promoti n and developm nt of economically sound industry and commerce are the increasi g con entration of population in the metropoli an areas and th rapi ly rising increase in the amount and cos of governmental servi es required to meet the needs of the increased po ulati n and the need for development of land u e which will p ovide an adequate tax base to finance these increased co ts an access to employment opportunities for uch population; nd WH REAS, The Port Authority of the City of Saint aul (the "Author' ty") as received from the S & S Partnership (hereinaf ter refer ed to as "Company" ) a request that the Authority is ue it tax exempt or taxable revenue bonds to finance the cquis'tion, installation and construction of a 15 ,000 squar foot manufacturing and warehouse facility (hereinafter colle tively called the "Project") in Rivervie Industrial P rk in the City of St. Paul, all as is more ful y described in the s aff report on file; and WH REAS, the Authority desires to facilitate the selective de elopm nt of the community, to retain and impro e its tax base and t help it provide the range of services a d employment o portu ities required by its population, and sa d ,� , . ' � � - �-lG��? . ' Project will as ist t e City in achieving that objective. Sa ' d Project will he p to ncrease the assessed valuation of the City and help m intai a positive relationship between assess d valuation and d bt an enhance the image and reputation of th City; and WHERE S, th Project to be financed by revenue bond will result in ubsta tial employment opportunities in the Project; WHERE S, th Authority has been advised by repre- sentative� of t e Com any that conventional, commercial financing to pa the apital cost of the Project is available only on a limit d bas s and at such high costs of borrowing that the econom c fea ibility of operating the Project would e significantly r duced but the Company has also advised this Authority that ut fo revenue bond financing , and its resulting low b rrowi g cost, the Project would not be undertaken; 6VHERE S, Mi ler & Schroeder Financial, Inc. ( the "Underwriter") as ma e a proposal in an agreement (the "Underwriting A reeme t" ) relating to the purchase of the revenue bonds t be i sued to finance the Project; WHERE S, th Authority, pursuant to Minnesota Statutes, Secti n 474 O1, Subdivision 7b did publish a notice , a copy of which with roof of publication is on file in the office of the A thori y, of a public hearing on the proposal f the Company tha the uthority finance the Project hereinbefo e described by th issu nce of its industrial revenue bonds; an WHERE S, th Authority did conduct a public hearing pursuant to sai noti e, at which hearing the recommendations contained in th Auth rity's staff inemorandum to the Commissioners w re re iewed, and all persons who appeared at the hearing wer give an opportunity to express their views with respect to the p oposal. NOW, HEREF RE, BE IT RESOLVED by the Commissioners of the Port Aut ority of the City of Saint Paul, Minnesota as follows: 1. n the basis of information available to the Authority it ap ears, and the Authority hereby finds, that sai Project constit tes p operties, used or useful in connection with one or mor reve ue producing enterprises engaged in any business within the m aning of Subdivision 1 (a) of Section 2 � � � � � ���/��6 474.02 of th Act; that the Project furthers the purposes stated in Se tion 74.01 of the Act and, but for the willingness f the Authority to furnish such financing, the Company woul not ndertake the Project, and that the effec of the Project, if un ertaken, will� be to encourage the develo - � ment of econ mical y sound industry and commerce and assist in the preventi n of he emergence of blighted and marginal la d, and will hel to p event chronic unemployment, and will hel the City to etain and improve its tax base and provide the ranqe of ser ices nd employment opportunities required by ts population, nd wi 1 help to prevent the movement of talent d - and educated per�o s out of the state and to areas within t e state where heir rvices may not be as effectively used a d will result 'n mor intensive development and use of land within the C'ty an will eventually result in an increase i the .City's t x bas ; and that it is in the best interests o the port dis rict nd the people of the City of Saint Paul nd in furtheran e of he general plan of development to assist the Company in f'nanci g the Project. 2. Subj ct to the mutual agreement cf the Authority, t e Com ny and the purchaser of the revenue bon s as to the de ails the lease or other revenue agreement a defined in t e Act, and other documents necessary to eviden e and effect t fina cing of the Project and the issuance of the revenue bond , the roject is hereby approved and authorize and the issu nce of tax exempt or taxable revenue bonds of he Authority in an amo nt not to exceed approximately $628 ,000 (other than ch ad itional revenue bonds as are needed to complete the rojec ) is authorized to finance the costs of the Project and the rec mmendations of the Authority's staff, a set forth in the st . ff inemorandum to the Commissioners whic was preeente to th Commissioners, are incorporated herein by ' reference an appro ed. . 3. In a cordance with Subdivision 7a of Section 474.01, Minne ota S atutes, the Executive Vice-President of the AUTHORITY is hereby authorized and directed to submit the proposal for the ab ve described Project to the Commissione of Energy and Ec nomic Development, requesting his approval, a d other office , emp oyeea and agents of the AUTHORITY are hereby autho ized t provide the Commissioner with such preliminary i forma ion as he may require. 4. Ther has heretofore been filed with the Authority a f rm of Preliminary Agreement between the Autho ity and Company, elati g to the proposed construction and financing of the Pr ject and a form of the Underwriting 3 • � , ' � � � (�i,� ��- /��� . Agreement. The forms of the agreements have been examined by the Commission rs. It is the purpose of the agreements to evidence the c mitme t of the parties and their intentions with resp' ct t the oposed Project in order that the Compan may proce d wit out d lay with the commencement of the acquisiti n, i stallation and construction of the Project wit the assur nce t at th re has been sufficient "official action under Sec ion 1 3(b) f the Internal Revenue Code of 1954� as amended, o all w for the issuance of industrial revenue bond (includin , if eemed appropriate, any interim note or notes o provide t mpora y fin ncing thereof) to finance the entire co t of the Pr ject pon a reement being reached as to the ultimat details o� the rojec and its financing. Said Agreements ar hereby approve , and he President and Secretary of the Authority are h reby uthorized and directed to execute said . Agreements. 5. pon e ecution of the Preliminary Agreement by the Company, th staf of the Authority is authorized and directed to con inue egotiations with the Company so as to resolve the rem ining issues necessary to the preparation of the lease and o her d cuments necessary to the adoption by th Authority ' of it fina bond resolution and the issuance and delivery qf the reven e bonds; provided that the President (o Vice-Pres dent 'f the President is absent) and the Secretary (or Assis ant S creta y if the Secretary is absent) of the Authority or i eith r af such officers (and his alternative are absen , the Treas rer of the Authority in lieu of such absent of icers are ereby authorized in accordance with the provision of M nneso a Statutes, Section 475.06 , Subdivision 1, to acc pt a inal ffer of the Underwriter made by the Underwrit r to urcha e said bonds and to execute an Underwrit' ng Ag eemen setting forth such offer on behalf of the Autho�+ity. Such cceptance shall bind the Underwriter to said offer but hall e subject to approval and ratification y the Port Author ty in a formal supplemental bond resolution t be adopted prio to t e delivery of said revenue bonds. 6. he re enue bonds (including any interim note r notes) and inte est t ereon shall not constitute an indebtedness of the A thority or the. City of Saint Paul withi the meaning of ny co stitutional or statutory limitation and shall not const tute r give rise to a pecuniary liability of the Autho�tity o the ity or a charge against their general credit orjtaxin powe s and neither the full faith and credit nor the t xing owers of the Authority or the City is pledged for the p yment of th bonds (and interim note or notes) or interest hereo . i 4 . � " ' " �"� -1�6� • � 7 . n ord r to facilitate completion of the reven e , bond financing erein contemplated, the City Council is hereb requested to co sent, pursuant to Laws of Minnesota, 1976 , Chapter 234, to the i suance of the revenue bonds (including any interim not or n tes) herein contemplated and any additional bond whic the Authority may prior to issuance or from time to ti e the eafter deem necessary to complete the Project or to r fund uch revenue bonds; and for such purpose the Executive V' ce Pr sident of the Authority is hereby authorized and irect d to forward to the City Council copies of this resolut on an said Preliminary Agreement and any additional avai able nformation the City Council may request S. he ac ions of the Executive Vice-President of the Authority i caus ng public notice of the public hearing and in de�cribi g the general nature of the Project and estimating the rinci al amount of bonds to be issued to finance the Pro 'ect a d in preparing a draf t of the proposed application to he Co missioner of Energy and Economic Development, St te of Minnesota, for approval of the Project, which has been vaila le for inspection by the public at the office of the A thori y from and after the publication of notice of the h aring are in all respects ratified and confirmed. _ Adopted October 21, 1 86 � � . � ' Attest `� 6"!� ��idek The Por Authority of the City of Sai Paul '!�Y` ( � ��Se r tary , 5 , � �t � ,��-� ��� � � - • � �-/��� ✓� CI Y OF SAIITT P�.UL .,s�;u„� � , :;9� m.n = O C� OF` TH� CITY COUYCIL . � �ommi�tee ReFort �F:i�aance i�ana eme�t � Persannel Canlmittee. DEC�ER 11, 1986 1. Approval of minu es fro meeting held November 26, 1986. a roved 2. Resoiution conse ting t the issuance of Port Authority Revenue Bonds in the amount of $25,00 ,000 to finance the purchase of two office bui dings from Space Cente Inc. approved 3. .:R�sa�.�3.a�, appro ing t issu�tce of Port Author�.tp Re�nue B�►uds i�t t s amouset of�I;b28,0 0 to # ance the coastruc��on cf an office, manufactu ing ar�°�:•�sa fa ility lar S & S Partnership ia Rfvervie�s Ind�strtsl P rlc� :a�row� 4. Resolution amend ng the 1986 budget by adding $46,623 to the Financing Plan . • and to �the Spend ng P1� fo•r General Government Accounts = Housing Inf rmation - Office. a r ved � � ' � 'S. Resolu�ion amend ng the 1986 budget--by adding $28,630 to the Financing Plan =- � and to the Spend'ng Pla for General Fund - Finance and Management Ser ices - Housing Informat'on Off ce. approved 6. Resolution amend'ng the 1986 budget by adding $4,000 to the Financing lan and to the Spend'ng Pla for City Attorney - Outside Services. a oved 7. Resolution amend'ng the 1986 budget by adding $20,000 to the Financing Plan � and to the Spen 'ng Pla for Parks and Recreation - Private Donations. � � approved 8. Resolution amen 'ng the 1986 budget by adding $42,938 to the Financing Plan and to the Spen ing P1 - Police Accreditation. approved 9. Resolution amen ing th 1986 budget by adding $42,938 to the Financing Plan and to the Spen ing P1 for Special Projects - Police Accreditation. approved 10. Resolution amen ing th 1986 budget by adding $118,910 to the Financin Plan and to the Spen ing P1 for Public Works - Engineering. a proved 11. Resolution appr ving t e 1986-1989 Maintenance Labor Agreement betwee 'Independent Sch ol Dis rict 625 and Plasterers Local No. 20. a prov d 12. Resolution amen ing th 1986 budget by transferring $28,000 from Cont' gent Reserve to Co� nity S rvices - Public Health for the Lead Study Prog m. approved C:I'Y Ht1I-I- VE�iTH FLOOR SA �NC PAUL, OT�155102 - . ___. _ .....__.._._, �_..��. _M.._..______.�....._,. �s__..__._..________..._..P.____..._.__..__ -- _..__....T __._�_.,.._�. _.._...,,-.-_....-.. �r..