279611 WHITE - CITV CLERK COURCII �� /����
PINK - FINANCE GITY OF SAINT PALTL
CANARV - DEPARTMENT �0
BLUE - MAYOR File NO.
City Attn�/JTH Council Resolution
�
�
Presented By -c�
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That, for the purpose of funding the Capital
Improvement Budget for 1983, including the St . Anthony Hill
Sewer Rehabilitation: Western Tunnel (Thomas-Dale Sewer Project) ,
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 authorize the
issuance of General Obligation Bonds and Tax Anticipation
Certificates in 1983 as follows :
a) Capital Improvement Bonds in the aggregate
principal amount of Five Million Three
Hundred Seventy Thousand ($5 ,370 ,000)
Dollars ;
t�) Water Pollution Abatement Bonds in the
aggregate principal amount of Six Million
Eighty Thousand ($6, 080, 000) Dollars ;
c) Urban Renewal Bonds in the aggregate
principal amount of Five Hundred Thousand
Five Thousand ($505 ,000) Dollars ; and
d) Tax Anticipation Certificates in the
aggregate principal amount of 'l�renty
Million Nine Hundred 'Itaenty-Five Thousand
($20, 925, 000) Dollars .
COUNC[LMEN
Yeas Nays Requested by Department of: ,
Fletcher � �� � � �����
�evine [n Favor ;
Masanz
Nicosia ��,
Scheibel _ __ Against BY ,
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Council: Date
Certified Passed by Council Secretary BY
B�
Approved by \4avor. Date _ Approved by Mayor for Submission to Council
BY - – — BY
WHITE - CITV CLERK COl1IICII ��V��
PINK - FINANCE GITY OF SAINT PALTL
CANARV - DEGARTMENT File NOr
BI.UE - MAYOR
' 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 appointed 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 recommendations details for the
sale of the same no later than January 11 , 1983 .
COUNCILMEN
Yeas Nays Requested by Department of:
Fletcher ( � r►�� �
�
k°'��1 In Favor //
Masanz ,___��
Nicosia B
scheibe� _ __ Against —
Tedesco
Wilson
;
DEC 2 3 1982 Form Approv City Att rney
Adopted by Council: Date
Certified assed by ou cil . cretary BY ` �
� ���" ..
By '\
-DEC 2 9 1982 p pro�e Mayor for Submi ion to cil
t�p d by Mavo te �
�, \ �
B _ BY .
PUBLISHED D E C 31 1982
Finance - Treasury pEpqRTI•1ENT 2'79611
Gary Norstrem �ONTACT .
292-7016 PHONE ���� �� .
December 16, 1982 DATE
(Routing and Explanation Sheet)
Assign Nun�ber for Routing Qrder (Clip All Locations, for Mayoral Signature):
Department Di rector �
2 Ci ty Attorney � �FCF�
3 Di rector of Management/Mayor OFA'�i�� �L"2� `FO
�,1�Fi nance and Management Servi ces Di rector �� qRT,��Ty 15�� �
4 Ci ty Cl erk ��NT O���R
Budget Director ��Nrs qN�R ,
��,��
What Will be Achieved by iaking Action on the Attached Materials? (Purpose/Rationale):
This resolution will allow 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 will provide for the financing of the 1983 adopted CIB Program.
2. The Urban Renewal Sale will allow for the continual assistance in financing
specific Urban Renewal Projects. ,
3. The Tax Anticipation Certificate Sale will provide sufficient funding to keep
a positive General Fund and Debt Service Fund cash flow during 1983.
4. The WPA Sale will continue the City's Storm Water Relief program.
Financial , Budgetary and Personnel Impacts Anticipated:
Another resolution which will be presented on or about January 11, 1983 will
address the fiaancial impact of the proposed Bond and Note issues.
Funding Source and Fund Activity Number Charged or Credited:
Attachments (List and Number all Attachments) :_
1. Proposed Council 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)
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3 Di rector of Managenent/Wa3�or . �„ ��:�::
1 Finance and Management Services Di�ector , ; ��..
4 City Clerk �;� ,_ . : . „ ._ ��`;
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Budget Director , � ,. . ,_ ;. .
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'�Ihat Wi 11 be Achi eved b 'iaki n Acti on on the Attached �►later�i a-�'s?.: P�ur .�se �Ratia ` � :
This resalution will allow-the City to ineur fee�1 :assoetsted with the prepars ,:
for a bond� sale, mainly those of the..financiaL adv� �n�' bc��ud -cou�t�asel.- - f�''' �M<
1. The CI8 Bond sale will provide for the fiasn�ing;�of the 1983.adopted CIB a�, ,,
�, � �� , ,� � �'
2. The Urban �enewal �le�will silow for the. ca�t,,,,�i�n�a�;as�fs�s� � fina�c "
specific U.rban Rrenawa�.;Pra3ects. : ` � . -+ ' �: ; �¢ KY,� . ��
3. 1�e�;`Tax A�ticipation Certificate Sale �illJ provide �eu�iciieat� �diu� `La
4 a pos�,tiv� General`�'uiul asyd Deb�� Se�vice Fund c�b �1� dur3°gg �"�8�. �y��x .
4. The� WPA Sale will continue the Gity's Storm Wstes Reli�f progr�i; ��` `��� ` '
Finar�cial , Budgetary and Personnei Is�pacts Antici� - �, `��" R� ,�� *. °
_ r., �_ . �..�;fr
Another resolution which will be preseated on or about Januarp 11, 1983��rill ;� ,�,,
address the financial impact of the proposed Bond a�d Nflte. ie�ues.� ��-� �'�
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- Funding Source and Fund `l4ctivity Number �Charged ar Cr�d���' �� �' . `� '
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Attachments (List.and Nuober aai Attachments): . , � S
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1. Pro�osed Council Resolution. ,�,: ;, ; . .. . �``�_ ' �r
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, DEPARTMENT REVIEW CITY ATTORh1�Y REYIEW ',
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Yes No Cauncil Resolution Required? Reso'ttrtion lReq��ned? � Yes - �-. 0� .
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Yes No Insurance t�qui�red? Insur$nce� �ufficie�at? Yes ;�,,,,r t!k� ' , ,
Yes No Insurance Attached? . � � • °
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. ����'�Lr C I TY O F SA I NT PA U L
G~0` �l i
'; �.; OFFICE OF THE CITY ATTORNEY
�:
,�:v i111�1�11�1i �5
;� EDWARD P. STARR, CITY ATTORNEY
<,., _
�:,,, �... . 647 City Hall, Saint Paul, Minnesota 55102
�,�m��
612-298-S121
GEORGE LATIMER
MAYOR
December 15 , 1982
To : Gary Norstrem
From: Jim Hart '
Re : 1983 General Obligation Bond Issues
Per your request find enclosed a draft initial authorization
resolution for submission to the Council Finance Committee.
The original is retained for detail of the Tax Anticipation
Certificates issuing amount.
Enc.
� � � ���z�
M�MITE - C�TV CLERK
PINK - FINAN�E COUflCll
BLUER� - r�',yApqTMENT G I TY OF SA I NT PA U L File NO.
c�ty attny/JTx Council Resolutia�
Presented By
Referred To Committee: Date `
Out of Committee By Date '
RESOLVED, That, for the purpose of funding the Capital
Improvement Budget for 1983, including the St . Anthony Hill
Sewer Rehabilitation: Western Tunnel (Thomas-Dale Sewer Project) ,
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 authorize the
issuance of General Obligation Bonds and Tax Anticipation
Certificates in 1983 as follows :
a) Capital Improvement Bonds in the aggregate
principal amount of Five Million Three
Hundred Seventy Thousand ($5 ,370 ,000)
` Dollars ;
b) Water Pollution Abatement Bonds in the
� aggregate principal amount of Six Million
Eighty Thousand ($6, 080 , 000) Dollars ;
c) Urban Renewal Bonds in the aggregate
principal amount of Five Hundred Thousand
Five Thousand ($505 ,000) Dollars ; and
d) Tax Anticipation Certificates in the
aggregate principal amount of
COUNCILMEN Requested by Department of:
Yeas Nays
Fletcher
�evine In Favor
Masanz
Nicosia
Scheibel A gai n s t BY
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Council: Date
Certif�ed Vc,ssed b�� Councal Secretary BY
. �
.
-- -- - -- �/ J��� _
wHITE - G�TV CIERK
PINI( - FINANCE
CAN.►RV - DEPARTMENT G I TY OF SA I �TT �AL L COUI�CI
BLUE - �..�AVOR File NO.
Council Resoluti�
Presented By
Referred To Committee: Date
,
Out of Committee By Date �
-2-
RESOLVED FURTHER That the Director of Finance and
Management Services is hereby appointed 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 recommendations details for the
sale of the same no later than January 11 , 1983 .
COUNCILMEN
Yeas Nays Requested by Department of:
Fletcher
Levine [n Favor
Masanz —
Nicosia
sche�bei _ Against BY
Tedesco
Wilson
Form Approved b� City Attorney
Adopted by Council: Date —
Certified Yassed by Council Secretar�� BY
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292-7016 :� . �
P�ONE `�.��" � .;
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December 16, 1982 DATE �
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�lhat Wil l be Achieved by �ak�ng�1ct,�a� on,the Attached Mla�erifals? (Purpose/Rat��e �
� Ttiis resolutioa will -sllvw the�:�i�y to iaaur fees ;asssrci,a�tecY with :the prepasa�n"
for a bond�sale, mainly zhose of. f:lie.;finana�Y.a1 ad�.sc� a�rd bond counsel�� �. � • °
L The CIB 'Bond sale'will pr�t,ide for the :#inancing 'bf the i963 adopted CIB P�bgram. >
r_ -2.-:;; 1he Uxbaa 8enewa�e ai�.�<'s�o�, f� Lhe con�im�tl,�sa��s�ance_.ia"���an�i
.�,,. _
" ;; ; speciffe, II�ban;�+ei�ai�o�"ec�s.r.�, ���. ,, �. � . .. , , ., � .°
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3.`" The 'Tax SAaticipat���c�teJ'�ySa� will�ps�vic�is a�fficient`��t��.ng t�9r g' �*,
� a�positive'Genera�� �'�d�.a�D�t .3e�►ic�e F�nd�cae�i �cw-�elu�3r�$�.-19$3:� � x , . ,
4. Zhe W�A`Sale will' coati�en"�'�fie%C�ty?",'s' Stut�a W�ex�Bs��i� p�`3ogram. � �'
Financial , B�dgetary amd �Aerysor�i+e1 -��p�ic#ts J�ntt�ipate�: �� . � � � �:- �$""�
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Aaother resolution which will be presented on or about 3anuary 11,,. 1983 wi2� �'� � "
address the financial impact of' the p�oposed Bond andt-t�ivte issues.- � `�
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Fundi ng Source and f und Act'i�ri t�► �Nfi�nb�r Chai�gect or�Credi�d;: � �"� �": �
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"�� ' ! � O�+'1�'ICI: ON' 1'HF�: C:ITY C:OI72�CIL
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�:,� �:_:��-r-► i' D a f e . December 16, 1982
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`�" COMMIT'i � E RE PO �?T
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TO = Salnt Pau t City Cou�cit
FR Q (� = Cornr�i�`�e� Ot7 Finance, Mgmt. �, Personnel
CHL�IR Jim Scheibel
- 1_ Approval of.�pinu��s rom �t' o hel d December 9, 1982.
�- ° �¢��� ���-�- �
- 2. �7q�P R�nd Sale (Fi�nce Dept.)
e--_
3. Resolut authorizing additions to the 1982 Equipment Services Fire �, Police �
Budget. •, e Department)
4. Resolutio 'thorizing an Agreenent between the City of St. Paul arid the U of D4
�hereby the will provide an instructor tv teach in the U of ti's Division
of School Heal ucation. (Health Dept.
- S. Resolution �authorizing the Port Authority to sell indiistrial development revenu
- bonds for the Broadway Square project at Fifth F, Broadway. Sts. (Port Authority . �
6. Resolution authorizing the Dept. of Finance �, P•1gmt. Services to pay fhe Assn.
of Dietropolitan A�unicipalities and the League of P•linnesota Cities for memberships.
(Finance Dept.)
+ 7. Resolution authorizing the Nlinnesota 1�Iutual Life Insurance Co. to nake payments
to employees of the City for dividends earned throuoh the Group �lealth Insurance
policy. (Personnel) � � � -
8. Resolution amending the Civil Service Rules for employees in the Fire F Police
Groups to insure that all in these groups live ►tiithin areas from tiJhich they
can report to duty in a timely manner. (Personnel) .
9. Reso 'on revising the fee schedule for emergency medical services, a fee �
for fa larms caused by malfunctioning electronic fire sur��eillance
equipment, a fee structure for certain fire xevention inspection
services. ( Dept_)
��� c�, ,�ut.�.i.wc� �(1. :
10. Resolution concerning a hot water District Heating System
11. Resolution authorizing the investment of HRA Pension Plan contributions to be
transferred from Mutual Benefit Life Insurance Co. to Investment Advisors, Inc �
. �—-
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` ��m�'I``� CITY OF SAINT PAUL
`�,T, �.
♦ � '!,`
9; �.. OFFICE OF THE CITY ATTORNEY
�� in�il lllu ,l�
',: ""' 1°"� s€ EDWARD P. STARR, CITY ATTORNEY
��''Lr,,., .... �F`'� . 647 City Hall, Saint Paul, Minnesota 55102
-��.4�,
61�-298-5121
GEORGE LATIMER
MAYOR
December 15 , 1982
To : Gary Norstrem
From: Jim Hart
Re : 1983 General Obligation Bond Issues
Per your request find enclosed a draft initial authorization
resolution for submission to the Council Finance Committee .
The original is retained for detail of the Tax Anticipation
Certificates issuing amount.
Enc .
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.��
CITY OF SAINT PAUL
INTERDEPARTMENTAL MEMORANDUM
December 10, 1982
T0: Debbie Sederstrom
Councilman Scheibel's Office
FROM: Gary R. Norstrem
Treasury Manager
RE: Finance Committee Agenda
Please insert following item on the Council Finance Committee Agenda
for December 16, 1982
�k) Resolution authorizing the Finance Department to initiate
preparations for the sale of:
a) 1983 Tax Anticipation Notes
b) G.O. Capital Improvement Bonds, Series 1983
c) G.O. Water Pollution Abatement Bonds, Series 1983
d) G.O. Urban Renewal Bonds, Series 1983
Please let Jim know that I appreciate his courtesy in this action. I
will bring a draft resolution to his office for review by 11:00 a.m.
on December 16.
GRN: sd
cc: Peter Hames
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DISTRIBUTION initialydate
copies to:
1. AL OLSON
2.
3.
4.
5.
6.
7. L � � .
8. ��
c�•r ,a- I� ..
O approvai p arepare ly .
❑ necessary action ❑ contact me
❑ note and return O recommendation
O note and forward
The attached (draft) resolution was approved by
the City Council's Finance Committee today
(December 16, 1982). The amount of the Tax
Anticipation Borrowing will be detennined on
12/20/82. Will you place this on the December 28,1982
City Council Agenda as per our canversation.
� Gary R. Noretrem
date 12/16/82
Flnance and Management Servlces �
234 qty Hail, Saint Paul, Mn. 55102
(612)298-4637 �
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DISTRIB TION initials/date coPies to: �
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2, l Li' � • s-, ' �'X -
3.
4.
5.
6.
7.
8.
L7 approval O prepare reply
❑ necessary action O contact me
� note and retum ❑ recommendation
O note and forward .
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Flnance and Management Services
234 qty Hall, Saint Paul, Min. 55102
(612) 298-4637