85-1645 WHITE - C�TY CLERK
PINK - FINANCE G I TY O F SA I NT PA U L Council �
CANARV - OEPARTMENT
BLUE - MAVOR File NO. � _ �� ��
� .Co n il Resolution
Presented By
� '
Refe To Committee: Date
Out of Committee By Date
WHEREAS:
1. On October 31, 1985, the Port Authority of the Ci.ty of Sai�nt Paul adopted
Resolut�.on No. 2558 gi.vi:ng prel�.minary approval to the �ssuance of a tax exempt mortgage
i.n the in3tyal pr�.ncipal amount of $410,000 to f�.nance the acqu�.sit�on of land and
construction of a 1600 Sq. Ft. office and warehouse bui,ld3.ng at 208 and 228 East Arl�.ngton
Avenue �.n St. Paul, Mi.nnesota for Cl�:fford and Georgeanne Wilson dba Wi:lson Auto Salvage.
The Wi.lson"s operate W�lson Auto Salvage which is relocati.ng from 118 Blai.r Avenue i,n
Empyre Builder Industrial Park to the above si.te.
2. Laws of Mi.nnesota 1976, Chapter 234, provides that any tax exempt mortgage
author3:zed by the Port Author�ty of the C�ty of Sa�nt Paul, shall be issued only wi.th the
consent of the Ci.ty Counci.l of the City of Sai.nt Paul, by resolut�.on adopted �n accordance
with law;
3. The Port Authori�ty of the Ci:ty of Sai.nt Paul has requested that the Ci:ty Counc�l
give its requi.site consent pursuant to said law to facili:tate the assuance of said tax
exempt mortgage by the Port Authority of the City of Sai,nt Paul, subject to final approval
of the details of sai.d issue by the Port Authora.ty of the City of Saint Paul.
RESOLVED, by the C�,ty Council of the Ci.ty of Saint Paul, that �.n accordance wi.th Laws
of M�nnesota 1976, Chapter 234, the C�.ty Council hereby consents to the issuance of the
aforesa�.d tax exempt mortgage for the purposes described �n the aforesai.d Port Authority
Resolut�on No. 2558 the exact detaa�ls of wh�.ch, 3.ncludi.ng, but not l�.mited to, provi�si�ons
relat�,ng to maturities, interest rates, di�scount, redempta.on, and for the i.ssuance of
addi.ti.onal bonds are to be determa,ned by the Port Author�.ty y pursuant to resoluti.on
adopted by the Port Authori.ty, and the Ci.ty Counc�.l hereby authorizes the i�ssuance of any
additi�onal bonds (i.ncluding refundi:ng bonds) by the Port Authority, found by the Port
Authori�ty to be necessary for carryi.ng out the purposes for which the aforesa�.d bonds are
issued.
COUNCILMEN
Yeas Nays Requested b ep ent of:
Drew �
Masanz In Favor
Nicos�a
scheibe� _ � __ Against BY
Sonnen
Ted96Co
���� DEC 17 1.985 Form Approved by City Attorney
Adopted by Council: Date ,��
Certified Pa s d ouncil Se tar� ' B �'� " �
I
�{�:,_'�`� �'.'�c,�4�
By
0 1985 `�
l�pprove y 1+lavor. Date uC� � App by Mayor for Submi ion t Council
By - — B �
PUBLISHED D E C ? 81985
St. Paul Port Authority -�
DEPARTMENT ���l�v�,S Np 3
D. G. Dunshee or E. A. Kraut CONTACT
(612)224-5686 PHONE
October 31, 1985 DATE 1 �/Qi� �
ASSIGN NUMBER FOR ROUTING ORDER (Clip Al1 Locations for Siqnature) :
I.�Department Director 3 Director of Management/Mayor
Finance and Management Services Director � City Clerk
Budget Dlt^eCt01^ Clifford and Georgeanne Wilson
2 City Attorney 0, ax emv v��rtg�e_
WHAT WILL BE ACHIEVED BY TAKING ACTION ON THE ATTACHED MATERIALS? (Purpose/
The purpose of the bond issue is to finance the acquisition o�" lanad�a�ii construction of
a 1600 Sq. Ft. office and warehouse building at 208 and 228 East Arlington Avenue in
St. Paul, Minnesota for Clifford and Georgeanne Wilson dba Wilson Auto Salvage. The
Wilson's operate Wilson Auto Salvage which is relocating from 118 Blair Avenue in
Empire Builder Industrial Park to the above site.
�� ��
COST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS ANTICIPATED: � �-
The amount of the Tax Exempt Mortgage is $410,000 and it will be for a term of
20 years. They presently have ten employees who would be transferring to the
site but the� would not be adding any new employment.
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:
Activity Number: I�F�
E#UEd
ATTACHMENTS (List and Number All Attachments) : �Fe 4
Staff Memorandum �9�5
Draft City Council Resolution �Y�R�$4�'
Port Authority Resolution No. 2558
�CE
DEPARTMENT REVIEW CITY ATTORNEY REVIEW
� Yes No Council Resolution Required? Resolution Required? x Yes No
Yes X No Insurance Required? Insurance Sufficient? X Yes No
Yes x No Insurance Attached:
(SEE REVERSE SIDE FOR INSTRUCTIONS)
Revised 12/84
P O R T �%�' �'�- /� �s�
AUTHORITY
OF THE CITY OF ST. PAUL
Memorandum
TO: Board of Commissioners DATEpct. 31 , 1985
�
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FROM: E, r�����
� �
SUBJECTv�LIMINARY APPROVAL — $410,000 REVENUE BOND ISSUE
CLIFFORD WILSON AND GEORGEANNE WILSON (WILSON AUTO SALVAGE)
RESOLUTION N0. 2558
When the Port Authority acquired Wilson Auto Salvage for the Empire Builder
Industrial Park the Commission approved a loan agreement in the amount of
$385,000 for the acquisition and improvement of the site at 208 E.
Arlington formerly owned by Norman Horton. At the time this loan agreement
was approved, we indicated that in the event we could find a private
placement on a tax exempt basis we would do so.
We are, therefore, requesting that the Commission adopt Resolution No. 2558
granting preliminary approval to the issuance of a private placement in the
amount of $410�,000 which will cover the existing loan and acquisition of an
adjoining building costing $75,000. The effect of this would be to recover
the Port Authority's loan funds and transfer them in a private placement to
a local financial institution.
Since a public hearing is required , this action is preliminary only and a
hearing will be held at a future Commission meeting.
EAK:j mo
l '
� ` �,� P�5 -/�ys.�
Resolution No. =,�.� `� ��Y
RESOLUTION OF THE
PORT AUTHORITY OF THE CITY OF SAINT PAUL
WHEREAS, on May 21, 1985 , pursuant to Resolution
No. 2473 , the Port Authority of the City of Saint Paul,
(the "Authority" ) approved a loan to Wilson Auto Salvage
in the approximate amount of $245 , 000, at the rate of 9�
for approximately 25 years to facilitate the relocation
of Wilson Auto Salvage �rom the Jackson Shops Industrial
Development District to property located at 208 East Arlington,
which property Wilson Auto Salvage has agreed to purchase
from the Trustee in bankruptcy for Norms Auto Parts ; and
WHEREAS, pursuant to Resolution No. 2502 adopted
on July 30 , 1985, the Authority agreed to increase this
loan to $310, 000, on the same terms and conditions , because
of improvements and rehabilitation needed at the new site;
and
WHEREAS, at the time of the adoption of Resolution
No. 2473 , the Commissioners of the Authority were advised
that staff would endeavor to place this loan. as a tax exempt
mortgage note; and
WHEREAS, staff has now advised the Commissioners
that the size of this n�te will be approximately $410, 000
to accommodate additional costs of the relocation, and
that it is necessary for the Commissioners to specifically
identify their intention to issue tax exempt revenue bonds
for this project on or before December 31, 1985 , to enable
this project to be funded from funds available within the
City of Saint Paul ' s 1985 entitlement allocation.
NOW, THEREFORE, BE IT RESOLVED by the Port Authority
of the City of Saint Paul that the staff of the Port Authority
be authorized to continue negotations with Wilson Auto
Salvage and possible purchasers of the tax exempt revenue
note for this project with the intention that this note
be issued on or before December 31, 1985 in the approximate
amount of $410 , 000 to finance all costs of the acquisition
of property at 208 East Arlington and other financeable
relocation costs .
f� '
• !
. . ��_/��s_
The staff of the Port Authority is further authorized
to take such othe.r actions as might be necessary to the
further consideration of this project, including publishing
notices for the public hearings required by state and federal
law.
Adopted: October 31, 1985
PORT AUTHORITY OF THE CITY
OF SAINT PA L �
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B � `� l '�,... !`—
It -Pre ident
A EST:
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- ::�-, Secretary
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� PORT AU7HORITY OF THE CITY OF SAINT PAUL TOLL FREE(800) 328-8417
2.5 WEST FOURTH STREET • SUITE 1305 • ST, PAUL, MINN. 55102 • PHONE (612,1 224-5686
October 31 , 19$5
Mr. James Be1Zus , Director
Planning and Economic llevelopment Department
City of �t. Paul
14th Floor, City Hall Annex
St. Paulr Minnesota 55102
SUBJECT: Clifford and Georgeanne Wilson dba Wilson Auto Salvage
$410 ,000 Tax Exempt Mortgage
Dear Jim:
Lde submit herewith for your review and referral to the of.fice of the Mayor,
City Council and City Attorney"s office details pertainin� to the is�uance
af a $410,,U00 tax exempt mortgage for Clifford and Georgeanne Wilson dba
Wilson Auto Salvage to finance the acquisition of land and construction of
a 1600 Sq. Ft. office and warehouse building at 208 and 228 East Arlington
Avenue in St. Paul , Minnesota.
The Port Authority staff has conducted a thorough evaluation of the firms
and/or individuals that are involved in this project or in which the
principals have an interest. This investigation has included detailed
credit analysis,, Dun and Bradstreet reports, direct communication with
representatives of financial institutions with whom the participants have
done business and data base checks to determine if anj� principal(s) have
been in any way involved in legal proceedings as a result of securities
fraud, extortion, embezzlement or financial misrepresentation.
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. 2558 which authorized the sale of the tax exempt mortgage in the amount
of $410,,000.
Your expeditious handling of this matter will be appreciated.
,.,Yours truly,
�•.
� `�.,�_._.
Eugene A. Kraut
Executive Vice President
EAK:DGD:sjs
EUGENE A.KRAUT,C.I.�C� rjgyp�Q,f��i3j��D�NSHEE,C.I.D. CHARLES M.TOWLE CLIF"rORD E.RAMSTED PERRY K.FEDERS
EXECUTNE VICE PRESIDENT ASSL EXEC.ViCE PRESIDENT DIRECTOR OF INDUSTRIAL DEVELOPMENT CHIEF ENGINEER DIRECTOR OF fINANCE
C.E.O.
RICHARD A GIERDAL WILLIAM E.McGIVERN
� PROPERN MANAGER DIRECTOR OF PUBLIC RELATIONS
COMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARTHUR N.GOODMAN VICTOR P.REIM RAVMOND E.LANGEVIN CHRIS NICOSIA JEAN M.WE�
PRESIDENi VICE PRESIDENT SECREfARV TREASURER COMMISSIONER COMMISSIONER COMMISSIONE
C.I.D. Certified Industrial Developer
PORT � �-����`�S'
AUTHORfTY
OF THE CITY OF ST. PAUL
Memorandum
TO: Board of Commissioners DATEpct. 31 , 1985
�
FROM: g. � �R
t ��
SUBJECT�g�LIMINARY APPROVAL — $410,U00 REVENUE BOND ISSUE
CLIFFORD WILSON AND GEORGEANNE WILSON (WILSON AUTO SALVAGE)
KESOLUTION N0. 2558
When the Port Authority acquired Wilson Auto Salvage for the Empire Builder
Industrial Park the Commission approved a loan agreement in the amount of
$385,000 for the acquisition and improvement of the site at 208 E.
Arlington formerly owned by Pdorman Horton. At the time this loan agreement
was approved, we indicated that in the event we could find a private
placement on a tax exempt basis we would do so.
We are, therefore, requesting that the Commission adopt Resolution No. 2558
granting preliminary approval to the issuance of a private placement in the
amount of $410,000 which will cover the existing loan and acquisition of an
adjoining building costing $75,000. The effect of this would be to recover
the Port Authority's loan funds and transfer them in a private placement to
a local financial institution.
Since a public hearing is required, this action is preliminary only and a
hearing will be held at a future Commission meetino.
EAK:jmo
� � Y .� ����� ��
,�.. �`� CITY OF S�.I�TT P�.UL
.;,✓"� OF`B'IC� OF' THF CITY COU�7CIL
:r:Lr�. _
�onlmitte� Rcpart '
Fi�ance. �iana�.ement� � Persannel Cammittee. �
,.
December 12, 1985
1. Anprovai of minutes from meetin� he?d Decs:�ber 5, 1985. �1Q1���
2. Resolution(s) anprovi.ng the financing and spendi,�g plan for the c'_t�f Human Services
Init:ative Program. (Community Se�-vices) (Laid over frvm II/26/85.) ���+Cfo Gou+�G�-
w�Teto� ���a�tk-
3. Letter. of AFSG�fE Covncil No. 14 asking for a re�riew of the grade of the title
Aninal Control �Off�c�r. (Laid over from II/26/85.)
. �,.
4. Resolution apnroving I985-86�Maintenartce Labor Agree:aent betwesa ISD �625 and
the Shee�t Metal Workers International Assn., Local I0. (Personnel) APPR�n
5. Resolution amending the Salary PIan and Rates of Comnensatioa Resolution by es�ta�lishing
the pay for the titl.e of Data Co�vnicatioa Technician in Grade 36, Section ID2.�j�$nn
�
6. Resolution amendang the I985 budget hy addin; �5,595 to the Financing Plan and to the
Spen�ing Plan for Perrie Jones Ftmd. (Community Services-Library��Vt1�.
i. Resolution amending the 1985 budget by adding �S,000 to the Financ::_ng and Spendin.���
Plan for St. Paul Tenants Union Contract. (Housing Information Ofiice/Mayor' s Of��ce)
8. Resolution amending the I585 budge* by adding �53,000 to the Finan�c�ing�and Spena�ng
P1a� for Cable TV - attorney's fess. (City Attorney's Of�ice) Af��'Rd!''w•
9. Resolution�amending the I985 bud;et by addin; $22,396.86 to the Financin; and Spending
PZan Library for Aids and Grants - Fees. Other Protessional. Ser•rices. (Comm. Serrices-
Liorary) P'�P��p•0. . �
I0. Resolut�on amending the I°85 budget by adding �8,003 to the Financing and Spending Flan
for Library Special Revenue Fund. (Commlmity Services-Library) PtPPRG1J�cQ.
lI. Resolution esta:nl�shin� policy that aII City-owne3 vehicles, eYCept those reauried to
be taicen home, are used for business puz�oses only. (Fin�ce Dept.)�� OvUQ twit.
't° 1z�y—�S
12. Resolution establishin; policf that aIl City-owned vehicles cannot be used�:for .
personai puraoses. (Finance Dept.) (A�tD OVI.� t a1K. To 12.-�9-$S
I.i. Resoluiton approving proposed chan;es in L'�e St. Paul Police Re?ie� rissoc�ation' s
by-Iaws. (Finance Dept.) p�P�OV�
: I4. Adai.nistrative Orders: Ne qe�o� '�GeLSyq�ty _
D-7746 - Anproval of payment to Steve LYahman for physician services.
D-7749 - Bud;et revision in �:cecutive Adiainistration.
D-7?52 - Anproval of .payment to Special Project=Suaport Se�ti.ces Program.
D-7753 - Approval of payment to Modei Cities Health Clinic. `
D-7758 - Budget revision in PED-Co�nunity Development Blocic Grant Division.
I5. Resolution estublishing sewer se�-vice rates for I986. (PuDlic �Vorks)yoy� g�� Ts
NoT O,v P:2EPAtty A6r.vt�t• � �1
16. �1t�1�� �� the iS`���tC�`�of a td� , �� ,
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�� ��w�'action af o�`fice ', ����"'�
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; . az�d �are�o�sa���t- Z08 a�d 22$ Arlin` �'n E.
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C:TY HALL . SEVE�ii TH FLOOR Sr1IN'r PAUI.,MINNESOTA SSIa2
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