The URL can be used to link to this page

85-1581 WHI7E - CITV CLERK PINK - FINANCE COUACII n� �� / BLUERV - MAYORTMENT GITY OF SAINT PAUL File NO. V L L � � C ncil Re lution . , Present By ,l � Referred To �' I N�� C�L Committee: Date / �� 4"'�� Out of Committee By Date WI3EREAS: 1. On October 31, 1985, the Port Authori.ty of the C�ty of Saint Paul adopted Resolution No. 2550 gi>ving preli.m�nary approval to the i.ssuance of revenue bonds �,n the initial pri,ncipal amount of $1,740,000 to fi.nance the constructi,on of a 21,600 Sq. Ft. offi.ce and distr3.bution center that can be expanded up to 35,000 Sq. Ft. of space for RRB Associ,ates in Ri.verview Industri,al Area West, St. Paul, Mi.nnesota. RRB Assoc�ates is a General Partnership consist�ng of Sherman Rutzick, James L. Rutzi�ck and Gary E. Bailey. The three companies that will sign subleases coterm3.nus wi.th the bond 3�ssue are All, Inc. Visi—Tour Visi.on, Inc. and Bai,ley Enterprises. The three f�rms will lease all the space in the bu�lding. Miller & Schroeder, Fi.nanci�al, Inc. will underwrite the 30 year bond issue at a rate to be set at the time the bonds are sold. 2. Laws of Minnesota 1976, Chapter 234, provides that any i�ssue of revenue bonds authorized by the Port Authority of the City of Saint Paul, shall be issued only with the consent of the City Council of the City of Saint Paul, by resolution adopted i,n accordance w�,th law; 3. The Port Authority of the Ci.ty of Saynt Paul has requested that the C3�ty Council give �ts requ�,site consent pursuant to said law to facilitate the �.ssuance of said revenue bonds by the Port Authority of the C�ty of Saint Paul, sub�ect to f�,nal approval of the details of said issue by the Port Authority of the City of Sai.nt Paul. RESOLVED, by the C3�ty Council of the C�:ty of Saint Paul, that �.n accordance w�th Laws of M3,nnesota 1976, Chapter 234, the City Counci,l hereby consents to the i�ssuance of the aforesaid revenue bonds for the purposes described in the aforesa�,d Port Authority Resolution No. 2550 the exact details of wh�ch, including, but not limited to, provisions relating to maturities, interest rates, discount, redempti,on, and for the 3,ssuance of additional bonds are to be determ�,ned by the Port Authority, pursuant to resolution adopted by the Port Authority, and the C�,ty Council hereby author�,zes the issuance of any add�ti.onal bonds (�.nclud�.ng refundi.ng bonds) by the Port Authority, found by the Port Authority to be necessary for carry�.ng out the purposes for wh�.ch the aforesaid bonds are issued. COUIVCILMEIV Requested by Department of: Yeas � Nays -F�i�l� °reN' [n Favor Masanz #Itoosfe scneibet � __ Against BY Tedesco -YWtsvn DEC j — h7V.� Form Approved by City Attorney Adopted by Council: Date � „__ Certified •Ssed by Council Secretary BY � ` � sy hlpprov y Ylavor. Date �-�=�� Appro by Mayor for Submissi to C �unc' gy i B p�,l�t(SNED D E C 141985 St. Paul Port Authori�v DEPARTMENT ��-�"�� N� 2232 D. G. Dunshee or E.� A. Kraut CQNTACT (612)224-5686 PHONE 'r October 31, 1985 DATE �e�� Q, Qi ASS N NUMBER FOR ROUTING ORDER Cli All Locations for Si nature : � Department Director 3 Director of Management/Mayor r Finance and Management Services Director 4 City Clerk Budget Director �� RRB AssociateG 2 City Attorney 1\� � $1,740,000 Revenue Bond Issue WHAT WILL BE ACHIEVED BY TAKING ACTION ON THE ATTACHED MATERIALS? (Purpose/ Rationale) : The purpose of the bond issue is to finance the construction of a 21,600 Sq. Ft. o€fice and distribution center in Riverview Industrial Area West. RRB Associates is a General Partnership consisting of Sherman Rutziek, James L. Rutzick and Gary E. Bailey. The three companies that will sign subleases coterminus with the bond issue are A11, Inc. , Visi-Tour Vision, Inc. and Bailey Enterprises. The three firms will lease all the space in the building and it: can be expanded up to 35,000 Sq. Ft. of space as their business grows. COST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS ANTICIPATED: The amount of the revenue bond issue is $1,740,000 and it will be for a term of 30 years. There will be 19 new jobs created as a result of this project. The three General Partners - will be personally guaranteeing the bond issue. Mi11er & Schroeder Financial, Inc. has agreed to underwrite the bond issue at an interest rate to be set. at the time the bonds are sold. FINANCING SOURCE AND BUDGET ACTIVITY NUMBER CHARGED OR CREDITED: (Mayor's signa- ture not re- Total Amount of Transaction; quired if under $10,000) Funding Source: �E��1V�D Activity Number: ,�9a5 � 4 �C�Q.�- c` �cs�./� ATTACHMENTS List and Number Al1 Attachme�ts : aFf�CE � rnA '� �C. 1. Staff Memorandum " 2. Draft City Council Resolution 3. Port Authority Resolution No. 2550 DEPARTMENT REVIEW CITY ATTORNEY REVIEW �Yes No Council Resolution Required? Resolution Required? X Yes No Yes x No Insurance Required? Insurance Sufficient? _�Yes No Yes x No Insurance Attached: (SEE REVERSE SIDE FOR INSTRUCTIONS) Revised 12/84 ,. . ��r- ,��> � � . . �� PORT AUTHORITY OF TNE CITY OF SAINT PAUL TOLL FREE(800) 328-8417 25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • PHONE (612) 224-5686 October 31, 1985 Mr. James Bellus, Director Planning and Economic Development Department City of St. Paul 14th Floor, City Hall Annex St. Paul, Minnesota 55102 SUBJECT: RRB Associates $1,740,000 REVENUE BOND ISSUE . Dear Jim: We submit herewith for your review and referral to the office of the Mayor, City Council and City Attorney's office details pertaining to the issuance of revenue bonds in the amount of $1,740,000 to finance the construction of a 21 ,600 Sq. Ft. office and distribution center for RRB Associates in Riverview Industrial Area West, St. Paul, Minnesota. RRB Associates is a General Partnership consisting of Sherman Rutzick, James L. Rutzick and Gary E. Bailey. The three companies that will sign subleases coterminus with the bond issue are All, Inc. , Visi—Tour Vision. Inc. and Bailey Enterprises. The three Firms will lease all the space in the building and the facility can be expanded up to 35,000 Sq. Ft. as business increases. in addition to the staff inemorandum, we are attaching a draft copy of the proposed City Council resolution and a copy of Port Authority Resolution No. 2550 which authorized the sale of revenue bonds in the amount of $1,740,000. Your expeditious handling of this matter will be appreciated. � Yours truly, � � `' ... 'Eugene A. Kraut Executive Vice President EAK:DGD:sjs cc. Mayor Latimer EUGENE A KRAUT.C.I.D. DONALD G.DUNSHEE.C.I.D. CHARLES M.TOWLE CLIFFORD E.RAMSTED PERRY K FEDERS EXf.CUTNE VICE PRESIDENT /�ASI EXEC.VICE PRESIDENT DIRECTOR Of INDUSTRUIL DEVFLOPMENT CHIEF ENGINEER DIRECTOR OF FINANCE C.E.O. RICHARD A GIERDAL WILLIAM E.McGIVERN PROPERTV MANAGER qRECTOR OF PUBUC RELATIONS COMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARTHUR N.GOODMAN VICTOR P.REIM RAYMONO E.LANGEVIN CHRIS NICOSIA JEAN M.WES- PRESIDENT V10E PRESIDENT SECREfARV TREASURER COMMISSIONER COMMISSIONER COMMISSIONE(: C.I.D.Certified Industrial Developer •P O R T .� . , . . �'�.,�-- ,�� ' � AUTHORITY OF THE CITY OF ST. PAUL Memo�andum TO: BOARD OF COMMISSIONERS ��►T� OCT. 29, 1985 (MEETING OCTOBER 31 , 1985) Donald G. Dunshee FROM: SUBJECT: pUBLIC HF.ARING - PRELIMINARY AND UNDERWRITING AGRF,EMENTS $1,740,000 876 REVENUE BOND ISSUE RRB ASSOCIATES - RIVERVIEW INDUSTRIAL AREA WEST RESOLUTION N0. 2550 PUBLIC SALE HEARING - SALE OF LAND - RRB ASSOCI�,TES RESOLUTION N0. 2551 1. TIiE PARTNERSHIP RRB Associates is a General Partnership consisting of Sherman Rutzick, James L. Rutzick and Gary E. Bailey. They propose to construct a 21,600 Sq. Ft. office and distribution center for their respective companies. The three companies that will sign subleases coterminus with the bond issue are All, Inc. , Visi-Tour Vision, Inc. and Bailey Enterprises. The three Firms will lease all the space in the building. All, Inc. is a thirty year old St. Paul company that currently employs twelve people and projects the hiring of three or four additional persons when the new facility is completed. They are engaged in the distribution, sale and service of commercial laundry equipment throughout the Upper Midwest. The Company is the authorized dealer for General Electric co�nercial laundry products in the area. Besides the commercial laundry business, they operate a route of coin operated equipment in various multi-family housing projects throughout the Twin Cities. The Firm was located in the Finch Building since 1941 and have been forced through the purchase of the building to relocate their storage f acilities and offices. Visi-Tour Vision, Inc. is an eighteen month old company that operates a network of computerized information centers located in hotels, motels and business places. The Firm presently employs fourteen people and projects the hiring of an additional eleven by the end of next year. The Company is in the process of going public through the sale of a new stock offering. Bailey Enterprises is a full service real estate company consisting of property management for multi-family housing and commercial properties. The Firm was formed in 1975 by Mr. Gary E. Bailey, former Vice President of Pick Development, a division of Prudential Life Insurance Company. They curr�r.t?y empZoy sever.t� ge�ple, *_en of �hich will �Se housed in the proposed facility. He anticipates increasing employment by an additional four people by the end of next year. . . ��s �� BOARD OF COMMISSIONERS ' OCTQBER 31 , 1985 MEETING RRB ASSOCIATES PAGE 2 � 2. THE PROJECT The Partnership plans to initially construct a 21,600 Sq. Ft. facility that can be expanded up to 35,000 Sq. Ft. of space as their business increases. The proposed site contains 129,500 Sq. Ft. and would be leased on a step lease basis. The initial site would contain 92,231 Sq. Ft. with the land rent beginning at the end of the seventh month construction period. The money for that portion of the land, $190,000. has been included in the cost of the issue. The land rent for the step portion of the lease containing 37 ,269 Sq. Ft. would commence at the beginning of the fourth year. That rent which is based on a land price of $2.06 per Sq. Ft. plus l0y interest is $9,048.56 payable monthly in advance in the amount of $754.05, The Port Authority had originally been asking $2.50 per Sq. Ft. based on an appraisal done on July 30, 1985, by Muske Company Inc. That appraisal value was subject to adjustment for soil correction. Engineers for the Partnership as well as Toltz, King, Duvall, Anderson and Associates have determined it will cost an additional $140,000 to backfill and surcharge the site before construction can commence. Because of this additional cost, the price of the land has been reduced by $.44 per Sq. Ft. or $56,980 to offset a portion of this additional cost. The Port Authority has utilized all of its revenue bond allocation for 1985, and we have submitted tc the State of Minnesota an application for authorization to issue the bonds from the competitive bond pool with that ruling to be made on November 5. 3. FINANCING The proposPd financing would be done as an 876 industrial development revenue bond issue for a thirty year term. The Port Authority would receive its customary fiscal and administrative fees, sinking fund earnings and earnings on the debt service reserve. Proceeds from the bond issue are as follows: Construction $1,385,000.00 Debt Service Reserve 182,500.00 Construction Interest (7 Months) 98.500.00 Bond Issuance Cost 22,500.00 Boud Discount 51,500.00 $1,740.000.00 The three General Partners will be personally guaranteeing the bond issue. . • I � . . � (d,/�—b'.�is-�� BOARD OF COMMISSIONERS OCTOBER 31, 1985 RRB ASSOCIATES PAGE 3 4. UNDERWRITING Miller & Schroeder Financial, Inc. has agreed to underwrite the thirty year bond issue at an interest rate to be set at the time the bonds are sold. We anticipate the bonds will sell at the regular November, 1985 meeting. S. TERMS OF THE LEASE The term of the lease would be ror thirty years with the Partnership having an option to purchase the land for one—half the original cost and the building for lOX of the original bond issue cost at the end of the term. 6. RECOMMENDATION Staff has interviewed members of the Partnership and recommends approval of the above Resolutions. sjs , _ . . ; _ �,�,� ��-� � ,. � 548-0 � Resolution No. :;,!�SD RESOLUTION OF THE PORT AUTHORITY OF THE CITY OF SAINT PAUL WHEREAS, the purpose of Chapter 474, Minnesota Statutes, knawn as the Minnesota Municipal Industrial Develop- ment Act (hereinafter called "Act" ) as found and determined by the legislature is to promote the welfare of the state by the active attraction and encouragement and development of economi- cally sound industry and commerce to prevent so far as possible the emergence of blighted and marginal lands and areas of chronic unemployment and to aid in the development of existing areas of blight, marginal land and persistent unemployment; and WHEREAS, factors necessitating the active promotion and development of economically sound industry and commerce are the increasing concentration of population in the metropolitan areas and the rapidly rising increase in the amount and cost of governmental services required to meet the needs of the increased population and the need for development of land use which will provide an adequate tax base to finance these increased costs and access to employment opportunities for such population; and WHEREAS, The Port Authority of the City of Saint Paul (the "Authority" ) has received from the RRB Associates, a general partnership comprised of Sherman Rutzick, James L. Rutzick and Gary E. Bailey (hereinafter referred to as "Company" ) a request that the Authority issue its revenue bonds (which may be in the form of a single note) to finance the acquisition, installation and construction of a 21, 660 square foot office and distribution center facility (hereinafter collectively called the "Project") in Riverview Industrial Area West in the City of St. Paul, all as is more fully described in the staff report on file; and WHEREAS, the Authority desires to facilitate the selective development of the community, to retain and improve its tax base and to help it provide the range of services and employment opportunities� required by its population, and saia ' � ; , . �= �'.�-i5�1 , . Project will assist the City in achieving that objective. Said Project will help to increase the assessed valuation of the City and help maintain a positive relationship between assessed valuation and debt and enhance the image and reputation of the City; and . WFiEREAS, the Project to be financed by revenue bonds will result in substantial employment opportunities in the Project; WHEREAS, the Authority has been advised by repre— sentatives of the Company that conventional, commercial financing to pay the capital cost of the Project is available only on a limited basis and at such high costs of borrowing that the economic feasibility of operating the Project would be significantly reduced, but the Company has also advised this Authority that but for revenue bond financing, and its resulting low borrowing cost, the Project would not be undertaken, WHEREAS, Miller & Schroeder Financial, Inc. (the "Underwriter" ) has made a proposal in an agreement (the "Underwriting Agreement" ) relating to the purchase of the revenue bonds to be issued to finance the Project; WHEREAS, the Authority, pursuant to Minnesota Statutes, Section 474.01, Subdivision 7b did publish a notice, a copy of which with proof of publication is on file in the office of the Authority, of a public hearing on the proposal of the Company that the Authority finance the Project hereinbefore described by the issuance of its industrial revenue bonds; and WHEREAS, the Authority did conduct a public hearing pursuant to said notice, at which hearing the recommendations contained in the Authority' s staff inemorandum to the Commissioners were reviewed, and all persons who appeared at the hearing were given an opportunity to express their views with respect to the proposal. NOW, THEREFORE, BE IT RESOLVED by the Commissioners of the Port Authority of the City of Saint Paul, Minnesota as follows: 2 � � .• . ��-<5S/ �° 1. On the basis of information available to the Authority it appears, and the Authority hereby finds, that said Project constitutes properties, used ar useful in connection with one or more revenue producing enterprises engaged in any business within the meaning of Subdivision 1(a) of Section 474.02 of the Act; that the Project furthers the purposes stated in Section 474.01 of the Act and, but for the willingness of the Authority to furnish such financing, the Company would not undertake the Project, and that the effect ot the Project, if undertaken, will be to encourage the develop- ment of economically sound industry and commerce and assist in the prevention of the emergence of blighted and marginal lana, and will help to prevent chronic unemployment, and will help the City to retain and improve its tax base and provide the range of services and employment opportunities r.equired by its papulation, and will help to prevent the movement of talented and educated persons out of the state and to areas within the state where their services may not be as effectively used and will result in more intensive development and use of land within the City and will eventually result in an increase in the City' s tax base; and that it is in the best interests of the por.t district and the people of the City of Saint Paul and in furtherance of the general plan of development to assist the Company in financing the Project. 2• Subject to the mutual agreement of the Authority, the Company and the purchaser of the revenue bonds as to the details of the lease or other revenue agreement as defined in the Act, and other documents necessary to evidence and effect the financing of the Project and the issuance of the revenue bonds, the Project is hereby approved and authorized and the issuance of revenue bonds of the Authority in an amount not to exceed approximately $1,740,000 (other than such additional revenue bonds as are needed to complete the Project) is authorized to finance the costs of the Project and the recommendations of the Authority' s staff, as set forth in the staff inemorandum to the Commissioners which was presented to the Commissioners, are incorporated herein by reference and approved. 3. In accordance with Subdivision 7a of Section �74.01, Nlinnesota Statutes, the �xecutive Vi�e-President of the AUTHORITY is hereby authorized and directed to submit the proposal for the above described Project to the Commissioner of Energy and Economic Development, requesting his approval, and other officers, employees and agents of the AUTHORITY are � hereby authorized to provide the Commissioner with such preliminary information as he may require. 3 . . . , . C'��s-�s�� ' 4. There has heretofore been filed with the Authority a form of Preliminary Agreement between the Authority and Company, relating to the proposed construction and financing of the Project and a form of the Lnderwriting Agreement. The forms of the agreements have been examined by the Commissioners. It is the purpose of the agreements to evidence the commitment of the parties and their intentions with respect to the proposed Project in order that the Company may proceed without delay with the commencement of the acquisition, installation and construction of the Project with the assurance that there has been sufficient "official action" under Section 103(b) of the Internal Revenue Code of 1954, as amended, to allow for the issuance of industri.al revenue bonds (including, if deemed appropriate, any interim note or notes to provide temporary financing thereof) to finance the entire cost of the Project upon agreement being reached as to the ultimate details of the Project and its financing. Said Agreements are hereby approved, and the President and Secretary of the Authority are hereby authorized and directed to execute said Agreements. 5 . Upon execution of the Preliminary Agreement by the Company, the staff of the Authority is authorized and directed to continue negotiations with the Company so as to resolve the remaining issues necessary to the preparation of the lease and other documents necessary to the adoption by the Authority of its final bond resolution and the issuance and delivery of the revenue bonds; provided that the President (or Vice-President if the President is absent) and the Secretary (or Assistant Secretary if the Secretary is absent) of the Authority, or if either of such officers (and his alternative) are absent, the Treasurer of the Authority in lieu of such absent officers, are hereby authorized in accordance with the provisions of Minnesota Statutes, Section 475.06, Subdivision 1, to accept a final offer of the Underwriter made by the Undezwriter to purchase said bonds and to execute an Underwriting Agreement setting forth such offer on behalf of the Authority. Such acceptance shall bind the Underwriter to said offer but shall be subject to approval and ratification by the Port Authority in a formal supplemental bond resolution to be adopted prior to the delivery of said revenue bonds. ' 6. The revenue bonds (including any interim note or notes) and interest thereon shall not constitute an indebtedness of the Authority or the City of Saint Paul within the meaning of any constitutional or statutory limitation and 4 • . - � .� � .� . . . _ ��s�� . � � shall not constitute or give rise to a pecuniary liability of the Authority �or the City or a charge against their general credit or taxing powers and neither the full faith and credit nor the taxing powers of the Authority or the City is pledged for the payment of the bonds (and interim note or notes) or interest thereon. 7. In order to facilitate completion of the revenue bond financing herein contemplated, the City Council is hereby requested to consent, pursuant to Laws of Minnesota, 1976, Chapter 234, to the issuance of the reveriue bonds (including any interim note or notes) herein contemplated and any additional bonds which the Authority may prior to issuance or from time to time thereafter deem necessary to complete the Project or to refund such revenue bonds; and for such purpose the Executive Vice President of the Authority is hereby authorized and directed to forward to the City Council copies of this resolution and said Preliminary Agreement and any additional available information the City Council may request. 8. The actions of the Executive Vice-President of the Authority in causing public notice of the public hearing and in describing the general nature of the Project and estimating the principal amount of bonds to be issued to finance the Project and in preparing a draft of the proposed application to the Commissioner of Energy and Economic Development, State of Minnesota, for approval of the Project, which has been available for inspection by the public at the office of the Authority from and after the publication of notice of the hearing, ar.e in all respects ratified and confirmed. Adopted � / f , � / . Attest � �, /` �� /� i - Presi�ent (� The Part Authority of the City . \ of Saint Paul V\ �a�� Sec e ary 5 � �,l� . �� ,� _l� �, ,�,.� '�.. CITS,' OF S�I,7T PA�'L ��' � `' OF'B'IC� OF TH� CITY COU�TCIL :i i 1 a:?:ii�i ... � Ca�nlitte� Repart ' F':�.ance. Mana��m�nfi,. � Persannel Camznir�ten. _ � ` 1. Anuroval of a�inutes from meecing hcld `lovemoer 14, I985. ,/rp�,i �C� � . � /"/�!J V 2. Resolut:on amending C.1�. 25703: to allow for the estzbl:sh:�en: oi cesignaced nay per_ofl as aanraoriate �imes to a:low :or t;e payner.c oi healt4 benez_�s to occc. ui hin a 35-�iay pe:iud s�c vy St :cat�}Le. (P.is� titgnt. Ca.id ove_(�'�� I?/l,':�"• l-�'►�D 4veZ. 1 �,(�e.�k �nd tnG{ �UY��n U� �`�!'�� 3. PresenLat_on or Ramse�• Zuunt! Tax�c:on on tthb assessed ValtlaL�n�Reduc:_"on. �� (Laid over ::rom 11/1•1/85]/,��L�.�� `�(�.(/�r'e� f � _ �'�L��/ �V�� - �./ I � � 4. ResoluL_on(s) �nrovinq the £ina�nGng ane sroenaing plan for the ei��fuaan 3erv'ce� InitiaLive Progrrm. (Community Se:-vices)i rl,� �j/Q� —?'�\ f��,�i/^� H-rf / c� � � S. Letter ot AFSC•tE Co�mc:I No. I4 �sking for a K�riew oi the ar�ae oi th� title ( Aaiaal CanLrol Of::ce:. (Reier_ed to Financ- I1/7/85) ; � �-%� ov��.�� izl�z�p� . � �1 Resolutioa au�horizing the exaendi=ure oi $20,00 allowing *_he ci^/ to join wit:t � ot r set� aira �alities in nroLest_.zg the vS? eiect:c �t: iac�ase. ' ��Q�� • �t es 1 � renuesting $20,000 to a11aW che city to oartici�aLe .ri��: oLher cities ia lec:r c rate c.�se. � • ' � � � ��2�� _ . � S: e 1 ion v1.ng I 85-I986 agreeaent bec:reen the Ci.ty and the Inte�ational � � Assn. of 4lac::izists an ,�emsuace �Yor.cers elFL-Q . (P onnei) ' � ' �-�� y�� s° J��'1�� - � ; = 9. es utiait an_rovfng I985-I98 Mai.nLenance Lah 4greement bet.reen the Independent -. i �ool D�islt:ic� �6�azed ElecLriical `�o�e�s, ecal 0. (Personnei) . : , �/J � �� /��[..� ��q QO . � 3�"��3tYL'�tls auti?gr�ng suance o= I, 0,0 Poxz Ac�chor_r� Revenu 9onds to, finance thc'constrncLion of an office and distr_bution center :or RRB Assac:.ates ; ; in Rivezview indnstral itt�ea Wesc. (Port Auchority) J`),�� /�� • ' ••, • /7 � t, - ' � �ll� ResoluLion authorizizg the issuance af $2,665,000 Port Authar_ty Revenue Bonds to • . � t fiaance the acauisiLion oi buildi.ngs on the s.e. cortter ai Western and Dayton � Avenues for Car.t:edral Hill�Associates. (Port Author_ty) ��Q��—G/`_. ' - 13. Resolution auLhorizing prooe� eity officials to rec� e� es to owners af Burgiar Alarm Syszems Paid t o Le� 32� the i.egislative Code. . �-�� i��s�� 13. s 1 t on auz orizing iss�ce of S , ,000 Port Author_.f Reveaue bonds to finance the acauisi 'on. and remode�lin,8�a= C�itol Holiday Inn °or s,SS :ssociates. (Port �utharity) �ro�jr� j/ . ;�O`-- l�l. Resolutian auchori�i g an agreement with the P�BJ, Denc. oi Health to orovide a Re�sgee Healtli Program in (tamsey Co, for Octone� 1, 1985, throug' S2DL. J�, 1987. (Community Services)�� Y e/u ��Q ��•��'-✓ J 15. Resolution amending Lhc hudget control system estaolished for sne�al �t:nds to provide a flexible budget ooncrol oncion for proprie=uy funds hased on pm}ected. and acLUal fiscal periormance, (Finance Devty �T� �?V�°�— I G' ��S /�� 16. Resolutioa auLhorizi.ng an agree RL with Whitacker Buiek and HeLro Ponch-�ucii, Inc., for the lea�e of unmar'xed Palice vehic2es�Police Dept.) ��'ZD �jv'e�.-- IG� /�;��s�5 � - � NOT ON PREPARED AGENDA: Resolution establishing the bud�et for the Certificate of Occupancy Program that has ��en trartsferred � to the De t. of_,_ Fire�� Safet Services. . . . - --' 12�1/�'—� ., -��,� C;Ty HALL SEVEI�1TFi FLOOR Sr1L�IT PAUI,:41L'�iNESOTA 55202 �.�s � � ��