279879 WH17:� �- CiTV CLERK 2�98�9
J7dNK - FINANCE G I TY OF SA I NT PAUL Council
CANARV =9�CPARTMENT Flle NO.
BLUE - MAVOR
Co c�l Resolution
����,
Presented By " ;'`��° �
Referred To Committee: Date
Out of Committee By Date
WHE REAS:
A. The Council has by Resolution No. 279784 adopted
on February l, 1983 and approved by the Mayor on February 2,
1983 awarded the sale of $22, 700,000 General Obligation
Tax Anticipation Certificates of Indebtedness of 1983; and
B. The City in said Resolution provided for the
authentication of said Certificates by an authorized signatory
of The First National Bank of Saint Paul and duly designated
said Bank as authenticating agent; and
C. The City Council hereby determines that said
Certificates shall be manually executed by the Director,
Department of Finance and Management Services and that authen-
tication by an authorized signatory of The First National Bank
of Saint Paul is therefore unnecessary;
NOW THEREFORE BE IT RESOLVED THAT:
l. Paragraph 6 . of said Resolution No. 279784 is
hereby amended by deleting the said paragraph 6 . and by
substituting therefore a new paragraph 6 . providing as
follows:
"6 . Said Certificates shall be executed by the
facsimile of the official seal of the City of Saint Paul
and signed by the facsimile signature of the Mayor,
attested by the facsimile signature of the City Clerk
and countersigned by the facsimile signature of its
Director, Department of Finance and Management Services,
COUNC[LMEN Requested by Department of:
Yeas Nays
Fletcher
�eydx� Galles [n Favor
Masanz
Nicosia
scheibel _ __ Against BY —
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Council: Date —
Certified Yassed by Council Secretary BY
gy,
Approved by 1+lavor: Date _ Approved by Mayor for Submission to Council
BY - – — BY
WH17S./'� - CITV CLERK C�u(�C]1 2'79�8'79
'�If.IK - FINANCE GITY OF SAINT PAUL
CANWRV�= CI'EPARTMENT
BLUE - MAVOR File NO.
�. Caur�cil Resolution
, ,��Presented By
Referred To Committee: Date
Out of Committee By Date
and re-executed by the manual signature of one of such
officers. "
2. The last paragraph of the form of Certificate
contained in paragraph 5. of said Resolution is hereby amended
by deleting said paragraph in its entirety and substituting
therefore the following paragraph:
"IN WITNESS WHEREOF, the said City of Saint Paul,
Ramsey County, Minnesota, by its Council has caused this
Certificate to be sealed with the facsimile of its
Official Seal, to be signed by the facsimile signature of
its Mayor, attested by the facsimile signature of its
City Clerk, and countersigned by the facsimile signature
of its Director, Department of Finance and 1�Ianagement
Services, and re-executed by the manual signature of one
of such officers as of the twenty-third day of February,
1983. "
COUNCILMEIV Requested by Department of:
Yeas Nays -
Fletcher �UANC2 . ry� �QIZ-U�CQ�
� Galles - � [n Favor
Masanz �/����
I�Fiee�i�
Scheibel � __ Against BY
fiedeaee
Wilson
FEB 2 2 1983 Form ApprQ by City ttorney
Adopted by Council: Date �
Certified Pa_s uncil S e BY �
By' � �R_ c�iL'���'
tapprove 'Vla or: D
FEB 2 2 1983 Approved b for Sub 'ssion to �n���
By L;��� _ — By 0
PUBUSHED MAR 51983
' 2�98�9
Finance � Management �EPARTh1EN7
-'3L�l4i'C'@'S-"'ITBASTi3'4-_
Gary Norstrem �ONTACT .
292-7016 PHONE � �� ,
February 15, 1983 DATE ree
(Routing and Explanation Sheet)
Assign Number for Routinq Or�r (Clip Al1 Locations for Ma�yoral Signature):
artment Director
City Attorney
Director of Management/Mayor
� Finance and Management Services Director
City Clerk
Budget Director
4 Councilman Schiebel
What Will be Achieved by Taking Action on the Attached Materials? (Purpose/Rationale):
Corrects Reaolution dated 2/1/83 relating to the signature of the
Tax Aaticipation Kotes. City officer to sign rather than a representative
of First National Bank of St. Paul.
Reason: Less expensive
Financial , Budgetary and Personnel Impacts Anticipated:
It would be more expensive to send First National Bank representative to
New York to sign the Certificates as the original resolution specified
than it would be to send a City Officer.
Funding Source and Fund Activity Number Charged or Credited:
None.
Attachments (List and N wnber all Attachments) :
One resolution
DEPARTMENT REVIEW CITY ATTORNEY REVIEW
Yes No Council Resolution Required? Resolution Required? Yes No
Yes No Insurance Required? Insurance Sufficient? Yes No
Yes No Insurance Attached? .
Revision of October, 1982
(See Reverse Side for 'Instructions)