85-865 WH17E - CITV CLERK
PINK - FINANCE COUI�CII /� �
CAj!ARV - �EPARTMENT GITY OF SAINT PAUL File NO. +"� ��
BLUE - MAYOR
1
�
Council Resolution �
Presented By
Referred To Committee: Date
Out of Committee By Date
Pg 1
A RESOLUTION AMENDING THE 1985 CAPITAL IMPROVEMENT BUDGET TO INCLUDE GENERAT•
OBLIGATION IMPROVEMENT BOND FINANCING FOR HIGHLAND VILLAGE IMPROVEMENTS
BE IT RESOLVED, by the Council of the City of Saint Paul, upon recommendation of the
Mayor and advice of the Long-Range Capital Improvement Budget Committee, that the 1985
Capital Improvement Budget, as heretofore adopted and previously amended by the City
Council, is hereby amended as follows:
1985 CAPITAL IMPROVEMENT BUDGET
Add New Financing
i 1985 General Obligation Improvement Bonds $1,375,000
�}2�01-�zd
Total new financing $1,375,000
Add New Appropriations
Highland Village Improvements �}2101 -��-S3 7 $1,212,525
Interest capitalization +}-�t OI-Co!# 125,000
Bond sale expanses ►1-2i e 1 -C�C�1 16,850
Bond discount 20,625
Total new appropriations $1,375,000
-more-
Yeas COUNCILME Na s Requested b�Department oE:
Fletcher y ,�`�
Drew In Favor
Masanz
Nicosia
scnetbe� __ Against BY
Tedesco
Wilson
Form App ed by City Attorney
Adopted by Council: Date
Certified Passed by Council Secretary BY
By �
�lpproved by Ylavor. Date Appro by Mayor for Submi s n o Council
By _
WHITE - CITV CLERK
PINK - FINANCE G I TY O F SA I NT PA U L Council ^' .�
CAiJARV -��DEPARTMENT ��{/���7�'` (/�
BLUE - MAVOR File NO. -.// �/ `�
�
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
Pg 2
Appropriation Analysis
Current Amended
Appropriations Change Appropriations
Highland Village Improvements $ 0 $1,212,525 $1,212,525
Interest capitalization 0 125,000 125,000
Bond sale expenses 0 16,850 16,850
Bond discount 0 20,625 20,625
Total $ 0 $1,375,000 $1,375,000
APPROVED AS TO FINANCING: APPROVED:
�
(��-
Edward J. Warn, irector,�•k;�a�a�c,�,- J_6-g� _ ,,_.G�'eg._Blees, Budget Director
- � _ -..� ; --•
and Managemen Services - �,� , �
_ ._ ,
.;tc- � � c..�_ . -,, , , -. „
(��_�
u �; " — �____---�r�u _ �
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Signed: .�.����6���
COUIVCILMEIV Requested by Department of:
Yeas �J� Nays �
�fiil
Drew In FavOc
�Masatrz
llieesie-
sche�be� �'� _ Against BY
Tedesco
Wilson
JUN 2� 1985 Form Approved by City ttor y
Adopted by Council: Date
Certified Pa. - y Council S ta BY �
B , l
UN 2 8 1985 Appr v Mayor for Submis Council
lappro ed y Mavor: Date
By By
pt1�llStiEp J U L L 6 1985
PED DEPARTMENT �s����; �3g �
�Ta� xr�nn C�A{TACT - �
7494 '� PHONE
oATE reen e
SIGN NUN�ER FOR ROUTING ORDER C1 i Al l Locations for Si nature :
partment Director � Director of Management/Mayor
� Finance and Management Services Director 7 City Clerk �
�2 8udget Director/Tamsen Aichinger �i'' � Tamc�n Ai�ch��r, srR
City Attorney �'_i�
WHAT WILL BE ACHIEYED BY TA�CING ACTION ON THE ATTACHED MATERIALS? (Purpose/
Rationale) :
Ptiblic improvements, to be repaid with assessmen ts on property owners, in
the Highland Village commercial area will be completed.
��
��°-,'
� '� � ✓�ry �`'��:�.
.�� � � 1 � �R--- z .:
C05T BENEFIT BUOGETARY AND PERSONNEL IMPACTS ANTICIPATEO: �iAy���,p,�/���
" � ' ����F
No impact on tax levies--debt to be paid through assessment; no personnel
impact; debt reduction goals will be maintained; $1,212 ,525 in public
improvements will be completed at no increased cost to City.
,
FI'NANCING SOURCE AND BUDGET ACTIVITY NU{�ER CHARGED OR CREDITED: (Mayor's signa-
ture not re-
Total Amount of Transaction: $1, 375,000 quired if under
' $10,00Q)
Funding Source: 1985 Improvement Bonds ���}- � ��,,.,�,,,�Q��
Activity Number: �°�J� �
, �a'��� ' ��,,Q� �,-�t, -� RECEIVED �
A1?TACHMENTS (L9st .an� Num�er A1 Attac ro s .
MAY 13 1985
I2esalution OFFICE OF THE DIRECTOR
DEPARTMENT OF Fi+.,jq,����E
AND MANAGEMENr SERv1;;�5
D�PARTMENT REVIEW CITY ATTORNEY REVIEW
rt Yes No Council Resolution Required? Resolution Required? �Yes No
Yes No Insurance Required? Insurance Sufficient? �es No
Yes No Insurance Attached:
' (SEE REVERSE SIDE FOR INSTRUCTIONS)
Rpvised 12/84