84-975 M�HITE - CITV CIERK
PINK - FINANCE COUIICll '/`
CANARV - DEPARTMENT GITY OF SAINT PAUL Iy�
BLUE - MAVOR File NO• �• - �
,
- o cil Resolution
Presented By
� � r- c/�
�Referred To �l ��� L'� Committee: Date � � �d
Out of Committee By Date
WIiEREAS:
1. On June 19, 1984 the Port Authority of the City of Saint Paul adopted Resolution
No. 2293, giving preliminary approval to the issuance of industrial development revenue
bonds in the initial principal amount of $3,025,000 to finance the construction of a
74,000 Sq. Ft. office and production facility on Energy Park Drive in St. Paul Energy
Park, St. Paul, Minnesota for Litho Specialties, Inc.
2. Laws of Minnesota 1976, Chapter 234, provides that any issue 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 in accordance
with law;
3. The Port Authority of the City of Saint Paul has requested that the City Council
give its requisite consent pursuant to said law to facilitate the issuance of said revenue
bonds by the Port Authority of the City of Saint Paul, subject to final approval of the
details of said issue by the Port Authority of the City of Saint Paul.
RESOLVED, by the City Council of the City of Saint Paul, that in accordance with Laws
of Minnesota 1976, Chapter 234, the City Council hereby consents to the issuance of the
aforesaid revenue bonds for the purposes described in the aforesaid Port Authority
Resolution No. 2293, the exact details of which, including, but not limited to,
provisions relating to maturities, interest rates, discount, redemption, and for the
issuance of additional bonds are to be determined by the Port Authority, pursuant to
resolution adopted by the Port Authority, and the City Council hereby authorizes the
issuance of any additional bonds (including refunding bonds) by the Port Authority, found
by the Port Authority to be necessary for carrying out the purposes for which the
aforesaid bonds are issued.
COUNCILME[V Requested by Department of:
Yeas Nays . �
�er
Galles In Favor
Masanz
Nicosia
scheibet __ Against BY
�ede�'
Wilson
JUL 19 198� Form Approved by City Attorney
Adopted by Council: Date
Certified . . ssed l4y u �1 Se tary BY ���" `���+\ X
By ..�� ' ' � b`�„C b`�/
Approve by (Vla �: JUL 2 5 1 �# p►PPr v by Mayor for Subm i n to Council
� _ gy
PUBIISt�ED AU G 41984
. . ��Y���s
St. Paul Port Authority DEPARTI,IENT •
�a TT� uns ee or
€�ge�° " " � �ONTACT
(612)224-5686 PHONE �� �� '
DATE r �✓
(Routing and Explanation Sheet)
Assi Number for Routin Order Cli Al1 Locations for M oral Si nature : RECEIVED
, Department Di rector �UN 2 6'1984
2 City Attorney �p
3 Gi rector of Management/Mayor ��� ( ��TY ATTORNEY
4 Finance and Management Services Director l��
5 Ci ty C1 erk p� RECE'(���
`U
Budget Di rector ��UN� 6 �y��}
MAYQR'S QFFICE
What Will be Achieved by iaking Action on the Attached Materials? (Purpose/Rationale) :
The purpose of the bond issue is to finance the construction of a 74,000 Sq. Ft. office and
production facility in St. Paul Energy Park for Litho Specialties, Inc. Litho is an industrial
and comnercial printing Firm who produces high quality printing and advertising materials for
various Twin City companies. The project would be financed by an industrial development revenue
bond issue in the amount of $3,025,000 which would be underwritten by Miller & Schroeder �
Municipals, Inc. The lease would be for a term of 30 years. Litho currently employs 98
people and this would by increased to 148 upon completion of the project.
Financial , Budgetary and Personnel Impacts Anticipated:
Funding Source and Fund Activity Nur�er Charged or Credited:
Attachments (List and Number all Attachments� :
Staff Memorandum
Draft City Council Resolution
Port Authority Resolution No. 2293
UEPARTMENT REVIEW CITY ATTORNEY REVIEW
� Yes No Council Resolution Required? Resolution Required? X Yes No
Yes �_ No Insurance Required? Insurance Sufficient? X Yes _ No
Yes � No Insurance Attached?
Revision of October, 1982
(�ee Reverse Side for Instructions)
HOW TO USE THE^GREE� SHEET �
The GREEN SHEET has several purposes:
1. To assist in routinq documents and in securing
required signatures
2 . To brief the reviewers of documents on the i.mpacts
of approval
,
3. To help ensure that necessary supporting materials
are prepared and, if required, attached.
ROUTING . .
� � �ost �GREEV SHEET acti�ns must �e rev_e�ae� �y a �e�ar,:aeat
Director, �:�e City 3t�orney, �:�e �7irecror oT ��ianage�r.enz, �he
Director of Finance and Management Services. Other possible
reviewerslsignatures are listed.
BRIEFING •
Most of the GREEN SHEET headings are desiqned to assist in
developing a precis of the decision which the attachments
represent. The headings are offered to remind users of some
of the more critical elements of this brief. .
The Financial Bud etar and Personnel I acts heading provides
a space to explain the cost benefit aspects of the decision.
Costs and benefits relate 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. �
SiJPPORTING MATERIALS
In the Attachments section, list 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: Actions which require Cit� Council resolutions include:
a. Contractual relationship with another government unit.
b. Collective bargaining.
c. Purchase or sale of land, or lease of land.
d. Issuance of bonds by City.
e. Eminent domain.
f. Assumption of liability by City, or granting
by City of indemnification.
g. Agreements with State or Federal Government
under which they are providing funding.
Note also: If an agreement requires evidence of insurance/co-
insurance, a Certificate of Insurance should be one
� - of the attachments at time of routing.
PORT � � � � � �l�'-q�s
� �► I� THORITY �
OF THE CITY OF ST. PAUL
Memorandum
TO: BOARD OF COMMISSIONERS �A�: June 15, 1984
FROM: Donald G. Dunshee
I
SUBJECT:
Public Hearin� — Preliminary and Underwriting Agreement
Litho Specialties, Inc.
$3,025,000.00 Revenue Bond Issue
St. Paul Energy Park
Resolution No. 2293 . �
Public Sale Hearing � Sale of Land — Litho Specialties, Inc.
Resolution No. 2294
1. The Company
Litho Specialties, Inc. is a commercial printer that began doing
business in St. Paul in 1947, They started in Downtown St. Paul and
moved to their present location at 1780 West Seventh Street in 1963.
The Company produces high quality printing and advertising materials
for various Twin City companies including Control Data, Deluxe Check,
Dayton/Hudson, Conwed, Norwest, Economic Laboratories, Medtronics,
First Bank System and many Twin City advertising agencies. Also they
have printed more than 70 annual reports for local and regional public
companies in the last year.
2. The Project
The Company proposes to construct a 74,000 Sq. Ft. office and
production facility on a site in Energy Park fronting on Energy Park
Drive. The building would be directly across from Bandana Square and
would be designed so that a skyway bridge could be connected from the
property to Bandana Square. This bridge would permit employees working
in businesses South of Energy Park Drive to reach Bandana Square
without walking across the street.
The Port Authority would lease them a site containing 304,746 Sq. Ft.
at a rate of $2.25 per Sq. Ft. plus lOX interest for a 30 year term.
The land lease would be done on a step basis with land rent for 86,946
Sq. Ft. commencing at the beginning of the 4th year.
The monthly rent for the first 3 years would be $4,402.15 with that
amount increasing by $1,944.13 per month at the start of the 4th year.
At the present time the Company employees 98 people on three shifts and
indicates the new project would increase employment by 25 the first
year and 25 the second year after completion of the new building. They
have agreed to sign the First Source Employment and Training Agreement.
. . , . . . � � 9�-
; .
BOARD OF COMMISSIONERS
LITHO SPECIALTIES, INC.
JUNE 19, 1984
PAGE 2
3. Financing
The proposed financing would be done as an 876 industrial development
revenue bond issue for a 30 year term. Proceeds from the bond issue
would be as follows:
Building $2,368,000.00
Bond Issue Expense 27,000.00
Capitalized Interest During Construction
(6 Months) 181,000.00
Debt Service Reserve 350,000.00
Discount 99,000.00
$3,025,000.00
The Port Authority would receive earnings on the debt service reserve
and sinking fund as well as the customary fiscal and administrative
fees based on a formula of .42Y per million per year for the first ten
years, .54X per million per year for the second ten years and .66% per
million per year for the third ten years of the lease.
4. Underwritiag
Miller & Schroeder Municipals, Inc. had agreed to underwrite the 30
year bond issue at an interest rate to be set the date the bonds are
sold. We anticipate the bonds will sell at the regular July, 1984
Commission meeting.
S. Terms of the Lease
The term of the lease would be for 30 years with the Corporation 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
The Companq and staff inet with Council 46 on June 11 and they endorsed
the pro�ect by unanimous vote. Staff has interviewed officsrs of Litho
Specialties, Inc. and reviewed their financial statements and
recommends approval of Resolutions 2293 and 2294.
sjs
� - . . , . �- �y97�
Resolution No. .
RESOLUTION OF
THE PORT AUTHORITY OF THE CITY OF SAINT PAUL
WHEREAS, the purpose of Chapter 474, Minnesota
Statutes, known 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 Litho Specialties, Inc.
(hereinafter referred to as "Company") a request that the
Authority issue its revenue bonds to finance the acquisition, .
installation and construction of an approximately 74,000 square
foot office and production facility (hereinafter collectively
called the "Project") in Saint Paul Energy Park 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 said
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
� � � (i� �y 9�
WHEREAS, 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 with the aid of revenue bond financing, and its
resulting low borrowing cost, the Project is economically more
feasible;
WHEREAS, Miller & Schroeder Municipals, Inc. ( the
"Underwriter") has made a proposal in an agreemen�t (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:
1. On the basis of information available to the
Authority it appears, and the Authority hereby finds, that said
Project constitutes properties, used or useful in connection
with one or more revenue producing enterprises engaged in any
business within the meaning of Subdivision 1 of Section 474.02
of the Act; that the Project fuzthers the purposes stated in
Section 474.01 of the Act, that the availability of the
financing under the Act and willingness of the Authority to
furnish such financing will be a substantial inducement to the
Company to undertake the Project, and that the effect of the
Project, if undertaken, will be to encourage the development of
economically sound industry and commerce and assist in the
prevention of the emergence of blighted and marginal land, and
` � � � �� 97-s
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 required by its
population, 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 port district and the people of tl�e 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 here�y approved and authorized
and the issuance of revenue bonds of the Authority in an amount
not to exceed approximately $3,025,000 (other than such
additional revenue bonds as are needed to complete the Project)
is authorized to finance t�e 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
474.01, Minnesota Statutes, the Executive Vice-President of the
AUTHORITY is hereby authorized and directed to submit the
proposal for the above described Project to the Commissioner of
Securities, reguesting 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.
4. There has heretofore been filed with the
Authority a form of Preliminary Agreement between the Authority
and Company, relating to the proposed cons�ruction and
financing of the Project and a form of the Underwriting
Agreement. The form of said Agreements have been examined by
the Commissioners. It is the purpose of said 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 industrial revenue bonds
(including, if deemed appropriate, any interim note or notes to
�
. � � ��f- 9 7s
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 are 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 Underwriters made by the
Underwriters to purchase said bonds and to execute an
underwriting agreement setting forth such offer on behalf of
the Authority. Such acceptance shall bind the Underwriters 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 in�erim 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
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 revenue 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, are in all respects ratified and
. confirmed.
Adopted June 19, 1984
Attest
President
The Port Authority of the City
of Saint Paul
\V\ ,
. Sear$tary
�
���`:, . . ��f-475"
�'� � � c.:ouncilman William Wilson
718 City Hall
� � 5t. Paul, Ivll�J 551U2
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PORT AUTFIORITY OF THE CITY OF SAINT PAUL
� 25 WEST FOURTH STREET • SUITE 1305 • ST, PAUL, MINN. 55102 • PHONE (612) 224-5686
June 19, 1984
Mr. James Bellus �
Director
Planning and Economic Development Department
City of St. Paul
14th Floor, City Hall Annex
St. Paul, Minnesota 55102
' SUBJECT: LITHO SPECIALTIES, INC. ,
$3,025,000 INDUSTRIAL DEVELOPMENT 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 a $3,025,000 revenue bond issue for Litho Specialties, Inc. to finance
the construction of a 74,000 Sq. Ft. office and production facility on
Energy Park Drive in St. Paul Energy Park. The firm is in the industrial
and commercial printing business.
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. 2293, which authorized the sale of revenue bonds in the amount of
$3,025,000.
Your expeditious handling of this matter will be appreciated.
Yours truly,
Eugene A. Kraut
General Manager
EAK:DGD:sjs
cc. R. Broeker
ROBERT F. SPRAfKA EUGENE A KRAUT,C.I.D. DONALD G. DUNSHEE, C.I.D. CLIFFORD E. RAMSTED PERRY K.FEDEI
p�ECNryE y�CE pRESIpEM GEryyiALMqryqC�ERqryp DIRECTOR,INWSIRV1l OEVELOPMB�IT CHIEF ENGINEER aRECTOROFRNf
ASST.IXEC.VICE PRESIDENi
CAMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARTHUR N. GOODMAN VICTOR P. REIM JEAN M.WEST CHRIS NICOSIA WILLIAM J. SEiI
PRESIDEM . VICE PRESIDENT SECREfARV TRFASURH2
C`i f� CartifiPC-i Industrial Develor�er
U= ���
� ' Councilman 13ob Fletcher
7L2 City tiall
�` , St. Paul, NI�i 551U2
�
PORT AUTHORITY OF THE CITY OF SAINT PAUL
25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • PHONE (612) 224-5686
June 19, 1984
Mr. James Bellus
Director
Planning and Economic Development Department
City of St. Paul
14th Floor, City Hall Annex
St. Paul, Minnesota 55102
. ;
SUBJECT: LITIiO SPECIALTIES, INC.
$3,025,000 INDUSTRIAL DEVELOPMENT 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 a $3,025,000 revenue bond issue for Litho Specialties, Inc. to finance
the construction of a 74,000 Sq. Ft. office and production facility on
Energy Park Drive in St. Paul Energy Park. The firm is in the industrial
and commercial printing business.
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. 2293, which authorized the sale of revenue bonds in the amount of
$3,025,000.
Your expeditious handling of this matter will be appreciated.
Yours truly,
Eugene A. Kraut
General Manager
EAK:DGD:sjs
cc. R. Broeker
ROBERT F. SPRAFKA EUGENE A KRAUf.C.I.D. DONALD G. DUNSHEE. C.I.D. CLIFFORD E. RAMSTED PERRY K FEDEf
EXECUfNE VICE PRESIDENf GENERALNWdVAGERAND DIRECTOR.INOUSfRIAL DEYELOPMENT CHIEF ENGINEER DIRECTOR OF flNA
HSST.EXEC.V10E Pf2ESIDEM
COMMISSIONERS GEORGE W.WINTER WIWAM WILSON ARTHUR N. GOODMAN VICTOR P. REIM JEAN M.WEST CHRIS NICOSIA WiWAM J. SEIF
� PRESIDEM VICE PRE9DENT SECRETARY TRE4SURER
C.I.D. Certified Industrial Develooer
� - . . . r� �y 9�s
�,� ' C;oianc i lman James Sche ibe 1
116 City Hall
;' �L. Paul, N�I 551U2
�
�
`
PORT AUTNORITY OF TNE CITY OF SAINT PAUL
25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • PHONE (612) 224-5686
June 19, 1984
Mr. James Bellus
Director
Planning and Economic Development Department
City of St. Paul
14th Floor, City Hall Annex �
St. Paul, Minnesota 55102
SUBJECT: LITHO SPECIALTIES, INC.
$3,025,000 INDUSTRIAL DEVELOPMENT 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 a $3,025,000 revenue bond issue for Litho Specialties, Inc. to finance
the construction of a 74,000 Sq. Ft. office and production facility on
Energy Park Drive in St. Paul Energy Park. The firm is in the industrial
and commercial printing business.
In addition to the staff inemorandum, we are attaching a draft copy of the
proposed City Council resolution and a copy of Port Authoritq Resolution
No. 2293, which authorized the sale of revenue bonds in the amount of
$3,025,000.
Your expeditious handling of this matter will be appreciated.
Yours truly,
Eugene A. Kraut
General Manager
EAK:DGD:sjs
cc. R. Broeker
ROBERT f. SPRARtA EUGENE A KRAUT,C.I.D. DONALD G. DUNSHEE, C.I.D. CLIFFORD E. RAMSTED PERRY K FEDEf
p�CUfIVE VICE pRE$IpENi GENER,qLMpN/1G[{2qryD DIRECTOR,INqlSiRlPI DEVELOPfdEM CHIEF ENGINEH? DIRECTOROFflNAI
PSSf.IXEC.VICE PRE�DEM
COMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARTHUR N. GOODMAN VICTOR P. REIM JEAN M.WEST CHRIS NICOSIA WIWAM J. SEIF
PRE5IDEM VICE Pf2ESIDEM SECRETARV TRFASURER
r`I f� (`cr+ificri Inrli icirinl flcvclnncr
��--r ' �7�
�
�� ' • (:ouncilman Hugo Masanz
� 7U4 Ci ty tial l
E St. Pau1, !V�( 551U2
t
i
PORT AUTHORITY OF THE CITY OF SAINT PAUI
25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • PHONE (612) 224-5686
June 19, 1984
Mr. James Bellus
Director
Planaing and Economic Development Department
City of St. Paul
14th Floor, City Hall Annex
St. Paul, Minnesota 55102
� �
SUBJECT: LITHO SPECIALTIES, INC.
$3,025,000 INDUSTRIAL DEVELOPMENT 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 a $3,025,000 revenue bond issue for Litho Specialties, Inc. to finance
the construction of a 74,000 Sq. Ft. office and production facility on
Energy Park Drive in St. Paul Energy Park. The firm is in the industrial
and commercial printing business.
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. 2293, which authorized the sale of revenue bonds in the amount of
$3,025,000.
Your expeditious handling of this matter will be appreciated.
Yours truly,
Eugene A. Kraut
General Manager
EAK:DGD:s�s
cc. R. Broeker
ROBERT F. SPRAfKA EUGENE A KRAUT,C.I.D. DONALD G. DUNSHEE, C.I.D. CLIFfORD E. RAMSTED PERRY K.FEDEf
p�CUfryE y�E pRESIpEN{ ��p,��RqNp DIRECTOR,INWSTI71lLL DEVELOPMEM CFMEF ENGINEER DIRECTOROf RNA
PSSf.EXEC.VICE PRESIDEM
COMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARTHUR N. GOODMAN VICTOR P. REIM JEAN M.WEST CHRIS NICOSIA WIWAM J. SEIF
PR6IDEM . V10E PRESIDEM SECREfARV 7REASURER
r`1�1 ("cr+ificr! Inrl�ic+rinl I'lcvolnncr
� =- - ��/-q�s
Ji R-� , . . �.'01it7C 1 j
��"� � 7'U1 Ci t�n Chris Nicosia
, Y Hall
""� �'�• Paul, 1VQV 551U`L
�A
t
�
.�
PORT AUTHORITY OF THE CITY OF SAINT PAUL
25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • PHONE (612) 224-5686
June 19, 1984
Mr. James Bellus
Director
Planning and Economic Development Department
City of St. Paul
14th Floor, City Hall Annex
St. Paul, Minnesota 55102
. '
SUBJECT: LITHO SPECIALTIES, INC.
$3,025,000 INDUSTRIAL DEVELOPMENT 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 a $3,025,000 revenue bond issue for Litho Specialties, Inc. to finance
the construction of a 74,000 Sq. Ft. office and production facility on
Energy Park Drive in St. Paul Energy Park. The firm is in the industrial
and commercial printing business.
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. 2293, which authorized the sale of revenue bonds in the amount of
$3,025,000.
Your expeditious handling of this matter will be appreciated.
Yours truly,
Eugene A. Kraut
General Manager
EAK:DGD:sjs
cc. R. Broeker
ROBERT F. SPRAFKA EUGENE A KRAUT,C.I.D. DONAID G. DUNSHEE, C.I.D. CLIFFOR� E. RAMSTED PERRY K.FEDE6
F)�CUINE VICE PRESIDEN� GENHL4L MPNAC-IER AND DIRECTOR.INDU5IRIAL DEVELOPMENT CHIEF ENGINEH2 DIRECTOR OF RNA
AAT.IXEC.VICE PRESIDEM
COMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARTHUR N. GOODMAN VICTOR P. REIM JEAN M. WEST CHRIS NICOSIA WIWAM J. SEIF
Pf2ES�DENT V10E PRES�DEM SECRETAR`/ TREP,SURER
r`I f1 (`or+ifior-1 Inr-li ic�rinl flc�iolnncr
� , . . . � ��--c�7s
�,� - .
t=ouncilman John Urew
f� ;' 713 City Hall
; ,�: S t. Paul , id�1 5 51 U 2
i
PORT AUTNORITY OF THE CITY OF SAINT PAUL
25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • PHONE (612) 224-5686
June 19, 1984
Mr. James Bellus
Director
Planning and Economic Development Department
City of St. Paul
14th Floor, City Hall Annex
St. Paul, Minnesota 55102
SUBJECT: LITHO SPECIALTIES, INC. ,
$3,025,000 INDUSTRIAL DEVELOPMENT 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 a $3,025,000 revenue bond issue for Litho Specialties, Inc. to finance
the construction of a 74,000 Sq. Ft. office and production facility on
Energy Park Drive in St. Paul Energy Park. The firm is in the industrial
and commercial printing business.
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. 2293, which authorized the sale of revenue bonds in the amount of
$3,025,000.
Your expeditious handling of this matter will be appreciated.
Yours truly,
Eugene A. Kraut
General Manager
EAK:DGD:sjs
cc. R. Broeker
ROBERT F. SPRAR(A EUGENE A KRAUT,C.I.D. DONALD G. DUNSHEE, C.I.D. CLIFFORD E. RAM5iED PERRY K FEDE�
E)(ECUIIVE VK;E PRESIDENf GBJERALMANAGERAND DIRECTOR.INWSfRIAL DEVELOPMEM CHIEF ENGINEER D�RECTOR OF fiNN
PSSf.IXEC.VICE PRESIDEM
COMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARIHUR N. GOODMAN VICTOR P. REIM JEAN M.WEST CHRIS NICOSIA WILLIAM J. SEIR
PRESI�EP1� VICE PRESIDEM SECREfARV (RFASURER
C i f� �artifiac�i Inc-fi i�trinl f�PVPlnnar
�� �=�-g 7�
C%ouncilman Victor Tedesco
71y City Hall
� St. Paul, N�1 551U2
t
d
PORT AUTHORITY OF TNE CITY OF SAINT PAUL
25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • PHONE (612) 224-5686
June 19, 1984
Mr. James Bellus
Director
Planning and Economic Development Department
City of St. Paul
14th Floor, City Hall Annex
St. Paul, Minnesota 55102
- �
SUBJECT: LITHO SPECIALTIES, INC. •
$3,025,000 INDUSTRIAL DEVELOPMENT 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 a $3,025,000 revenue bond issue for Litho Specialties, Inc. to finance
the construction of a 74,000 Sq. Ft. office and production facility on
Energy Park Drive in St. Paul Energy Park. The firm is in the industrial
and commercial printing business.
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. 2293, which authorized the sale of revenue bonds in the amount of
$3,025,000.
Your expeditious handling of this matter will be appreciated.
Yours truly,
Eugene A. Kraut
General Manager
EAK:DGD:sjs
cc. R. Broeker
ROBERT F. SPRAFKA EUGENE A KRAUT,C.I.D. DONALD G. DUNSHEE, C.I.D. CLIFFORD E. RAMSTED PERRY K.FEDEf
DCECUINE VICE PRESIDBJi GENERAL MANP,GER AND DIRECTOR.INDUSIRVLL DEVELOPMBJf CHIEF ENGINEER DIRECTOR OF flNPu
PSSf,IXEC.VICE PRESIDEM
COMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARTHUR N. GOODMAN VICTOR P. REIM JEAN M. WEST CHRIS NICOSIA WILLIAM J. SEIF
PRESIDEM VICE PRESIDENT SECREfARV TRFASURER .
(`I fl (�cr�ificr-1 Inrii�c�rinl Ilcvcinncr
�, ... � � � � � �-�'���s
,�:;���"'i4�� ' CITY rOF SAINT P.A.UL
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;- ' ,�� � Ort�ICI: O�+' '1`FIIi: CITY COUI�UIL
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• � D O t C ; July 12, 1984
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CO (ViM (TT' � E RE PORT
T' O = SQint Paui City Couhcil
F R � M = C o m r,n ii't e e O h FINANCE, MANAGEI�NT $ PERSONNEL
C N A 1 R James Scheibel �
1. Ap�roval of minutes from meeting held July 5, 1984. P,�`�Ov��
2. Resolution approving 1984-85 Labor Agreement between the City of St. Paul and
the Carpenters District Council. A�.UVF-i�
3. . Resolution amending Section 32 of the Civil Service Rules by substituting new �
specifications for the title of Masonry Inspector. �t�t'�U���t�
4. Resolution amending the Salary Plan and Rates of Compcnsation Resolution
regarding Dtasonry Inspectbr's salary steps. �PPRO'�'t I� .
\
S. Resolution changing the grade and class specification for the title of Siq�er-
intendent of Police Radio Division in the Civil Service Rules. P�t�f'i��'i t�
6. Resolution approving additions to the 1984 budget and arpropriating $83,7G3
to the Financing and to the Spending Plans of Police 7�aining Fund. f�f'(�'���'�'t�>
7. Resolution amending the 1984 CIB budget and transferring $22,000 to Police
Department Firing Range from Police activities as listed. fjt�'(�J�'E�
8. Resolution approving the Civil Center Authority's _priorities for distribirting
excess operating revenues with excess revenues to be transferred to tlic Civic
Center Sale Lease Fund. �P�OVf�
9. Resolution approving issuance of Industrial Development Revcnuc [ionds in thc
amount of $3,025,000 to finan�ce the construction of an office and production �1����,',� �',;
facility on Energy Park Drive in St. Paul Energy Park for Litho Specialitics, Inc.
10. Resolution approving additions to the� 1984 budget and appropriating $83, 395 t�
the financing and to the Spending Plans of Aurora/St. Anthony NPP Project. �1 �`^r`'t�,.�.
11. Resolution approving additions to the 1984 budget and aprropriating $25�000 ta
th� Financing and to the Spending Plans of Traffic Sign31, Lighting Dt:�intenancr.
f�MW�JtA Tc.� ���c�� A•`�� Poti'r���vt(�.
12. Discussion regarding condominium financing at Galtier 1'laza.
�
13. Ordinance amending Section 32.01, Subs. (1) of the Administrative Coctr a. i•e ;:ii•�l� �
the salaries of the Mayor and members of the City Counci�. ���'� ���,�^��''�'� ��• `�ec. ��
14. World Trade Center UDAG application planning resolution. � ���� ���r�� t A�f «�;; r�. '
CITY }iALL SEVENTH FLOOR SAINT PAl)!_� At1NNl:SUl'A S}10�
•�.�� .