84-1574 1NHI7E � CITV CLERK
PINK - FINANCE GITY OF SAINT PALTL Council �L` ����
CANARV - DEPARTMENT File NO. �
BLUE - MAVOR
City Attny/JTH • •
ouncal Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That for the purpose of funding the Capital
Improvement Budget for 1985 , of funding the Water Pollution
Abatement Program, of funding redevelopment project activities ,
- and of ineeting general fund cash flow requirements , the Council
of the City of Saint Paul upon the recommendation of its Finance
Management and Personnel Subcommittee and in accordance with
appropriate statutory and charter provision, does hereby give
preliminary approval for the issuance of General Obligation
Bonds and Tax Anticipation Certificates in 1985 as follows :
a) C�.pital Improvement Bonds in the aggregate
principal amount of Seven Million One
Hundred 'I�ienty Five Thousand ($7 , 125 , 000)
Dollars ;
b) Water Pollution Abatement Bonds in the
aggregate principal amount of Two Million
Three Hundred Thousand ($2, 300,000) Dollars ;
c) Urban Renewal Bonds in the aggregate prin-
cipal amount of Five Hundred Thousand
($500, 000) Dollars ; and
d) Tax Anticipation Certificates in the estimated
aggregate principal amount of Seventeen
Million ($17 , 000, 000) Dollars .
COUNCILME[V Requested by Department of:
Yeas Nays
DetWher Finance and Management Services
Masanz
[n Favor
Nicosia
scheibe� __ Against BY
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Council: Date
Certified Passed by Council Secretary BY
By
t#pproved by Ylavor: Date Approved by Mayor for Submission to Council
By _ By
�4.i1T� '- CITV CLERK
PINK - FINANCE GITY OF SAINT PALTL Council ��_ �5,�,/
CANARY - DEPARTMENT
BLUE - MAVOR ���
, File N 0.
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
-2-
RESOLVED FURTHER That the Director of Finance and
Management Services is hereby authorized and directed
to initiate preparation of the appropriate documents
looking toward the sale of such bonds and certificates
and report to the Council with his recommendation for the
sale of such bonds and certifi:cates no later than
December 18, 1984.
COUNCILMEN Requested by Department of:
Yeas �s�F� �t�s Finance and Niana ement Services
r�
Drew � (n Favor
Masanz
Nicosia
scheibel __ Against BY
Tedesco
Wilson
NOV 2 0 t98� Form Appr City Attorney
Adopted by Council: Date
Certified P • Cou c.il re ry BY �
By
Approved b avor: Date ` NOV 2 1 198� Approv y Mayor for u ' sion to Council
By �s -
�gust�E� D E� 1 198�
- � ���s��
FINANCE - Treasu�y�„fl�PARTt�iENT
Gary Norstrem r� rONTAC7 .
292-7016 Pf{QNE Q � ��
, �V�
November 9, 1984 DA7E
(Routi ng and Expl anati� Si�eet)
assi gn Nusni�er for Routi n� Order �„Cl�o At i lacati o�s for Mayoral Si anature): �
� rr � �w���� �.1�.�r�rr�rr�� .i.rw:�+n.r.rr��r+irr�l�r .
,�.,�. O��ar�tment Di re�or
City Attflrney
?„ �ii rector af N�nag�n#/May�r
1 Finance ar�d t�nagea�tt Servizes Df rector
_
� City Cler�c
� Budget Directar
�_ Shirley, Davis - Finance-Treas�rv 7038 �
..�,..�.�_. � ..�.�...�___
�hat Wi 11 be Act�i eved b i atci c� Acti on on tt�e Attached t�teri al s? Pur�ose Rati onai s ;
This resolution will a11ow the City to incur fees associated with the preparation
for a bond sale, mainly those of the financial advisor and bond counsel.
1.. The CIB Bond Sale wil� provide for the financing of the 1985 adopted CIB Program.
2. The Urban Renewal Sale will allow for the continual assistance in financing
specific Urban Renewal Pro�ects.
3. The.' ax•A tici t'on Cert'f' ate Sale w'l1 �provide sufficient funding to keep a -
posi�ive �ener�a�' �'und cas�i ��ow during �I85.
4. The WPA Sale will continue the Cit 's Stor Water Relief program.
Ff�anci a1, 8ud,�t,ary and Persc�mme? Impat�s Anti c�`pated:
r r� .� ��.� r.�.�r�� . .. , .. __ .
Another resolution which will be presented on or about December 21, 1984 will
address the financial impact of the proposed Bond and Note issues.
Fuadi ng Souru artd Fw�d Actf vity Nwr+ber Charz3eed or Credited: _ _
Attachments (List and N�b+er a11 Attachnkt�ts):
,r._ ��... �_._— _ _
1. Proposed Council Resolution.
DEPARTME�iT REYIE1d CI7Y ATTORNEY REVIEI�1
Yes �lo Cauncil Resolution Required? Resoluticn Required? Yes No
� Yes � No Insurance Required? Insurance 5uffisient? Yes No
Yes No Insurance Attached?
� Revision of October, 1982
(See Reverse Side for Instructions)
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;=�.�`�"�` . ��.. • � �� D o t e : November 15, 1984
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Ca (1� f� I��'� E I� E PO � �'
�" O = � ai�� Pa� I �a�y Co��� �it .
�R � I�l�I = C O�'�J j'y���'�'�� (}� FINANCE; MANAGEMENT F� PERSONNEL �
- � ' C H A 1 R James Scheibel • -
_. Approval of minutes from meeting held November 8, 19g4��
?. Resolution consenting to �the issuance of Port Authority Revenue Bonds in the amount oi
$1, 750,000 to finance the construction of approx. 30,000 sq. ffi_ of net rentable space
in the Health Club b Health�Club Partners, �V Corp. General Partners. in Energy Par�_
(Port Authority) �
�. Resolution consenting to the .issuance of Port Authorifiy Revenue Bonds in the amount o�
$13,000,000 to finance the participation equivalent to the amount origin �g,,�I�led
to be put into the j9orld Trade Center project by UDAG. (Por� �Authority) �-�D
=. Resolu�ion consenting to the issuance. of Port Authority Revenue Bonds in the au�ount of
$98�,000 to finance the construc�ion of a 450 stall parkino xamp immedzatel �,�o�
the Childrens l�".useum in St. Paul Energy Park by AI-I,V Corp. (Port Autliority)���
�. Resolution consenting to the 3ssuance of Port Authority Revenue Bonds in the amowzt of
$S,S00,000 to finance th� construction of up to a I00 room Sun��ood Tnn at the south
half of Bandana 1Vest in St., Paul Energy Park by AH�V Corp. and the Brutoer Corm�anies.
(Pcrt Authority) . ��-fl�.�?
... P,esolution consenting to the 9.ssuance of Poxt Authority Revenue Bonds in the amount of
$4,500,000 to finance�the convexsion of the Cruciforn Building into a 51,000 square
foot of£ice bui.lding in Enexg Park by Atri.um Office Partners, A�IId Corp_ General
Partners. (Port Authority). _
'. Reso�ution amending the Sa�ary Plan and Rates of Compensation Resolution regarding
accounting for the earning of fl.oatino holidays. (Personnel� - :. � '
�. Resolution anending the 1984 budget by adding $93 000 to the £inancino Plan and Spending
Plan for Town Squaxe Park_ (Comir.unity Services) ���'
;. Resolu�ion amending the 1984 budget by adding �26,393 to the Financir�� a1i zncl Spending
Plan for the Housemovers Deposit Trust Fund. (Co;n.;�unit}� Services) �
��. Discussien of a resolution £rom the �Iuman Rights Commission xeRuesting 'tj11'C the City Cour,c_
reconsider action on the Human Rights Dept. budge� and athex �-1��i:,�ss�,��Llt1man Right;
��.�.��;-
12 Resolution granting preliminary approval £or issuance of �eneral Obligation Bonds
and T�x Anticipation Certificates in 1935 for the purpose of fwtding the Capital Irpr�j•E
r.:�nt Budget fo�c 1985, of fundino the l,'ater Pollution �batement Program, of funding
� redevelopment project activita.es, and of ineeting �eneral fund cash flo�v requirements_
{t
%�ITY HALL , S�V£IvT�I FLOOIZ
SAINT PAUL, Di1TI�ESOTA SS10?
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