279400 WHITE - CITV CLERK COUflCIl ����iJ�
PINK - FINANCE
CANARV'�- DEPARTMENT CITY OF SAINT PAUL
ilLUE - MAVOR Flle NO.
o cil Resolution
Presented By �" �
Referred To Committee: Date
Out of Committee By Date
RESOLUTION SUPPORTING CONSTITUTIONAL AMENDMENT #2 AN AMENDMENT
TO THE MINNESOTA CONSTITUTION ON HIGHWAY BONDING, TO REMOVE
RESTRICTIONS ON THE INTEREST RATES FOR AND THE AMOUNT OF TRUNK
HIGHWAY BONDS .
wHEREAS, The City Council of the City of Saint Paul has reviewed
the facts concerning the need for a Minnesota Constitutional
Amendment removing Highway Bonding Restrictions in the Minnesota
Constitution, and
WHEREAS, Finds that a 5� interest rate and $150 .0 million maximum
borrowing amount are obsolete in current economic times, and
WHEREAS, Recognizes the urgent need to provide flexibility to
the state legislature and administrat ion to be able to adequately
fund necessary Trunk Highway and Bridge repairs and replacements,
and
WHEREAS, Believes ti�at additional capability to support good highways
will also aid in improving the economic vitality of Minnesota and
the City of Saint Paul by providing more jobs and transportation
facilities for the movement of goods and materials in the state;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Saint Paul , County of Ramsey, State of Minnesota, that Constitutional
Amendment #2 , an amendment to the Minnesota Constitution to remove
restrictions on the interest rates for and the anwunt of Trunk
Highway Bonds, be supported, and
COUNCILMEN Requested by Department of:
Yeas Nays
Fletcher
Levine In Favor
Masanz
Nicosia
sche�bei __ Against By
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Council: Date
Certified Yassed by Council Secretary BY
By,
t�pproved by 17avor. Date _ Approved by Mayor for Submission to Council
BY - – — BY
N'HITE — UTV CIERK CQ�j(�C1I ��9��,��ay�
PINK — FINANCE G I TY OF SA I NT PA�U L
CANARY�- DEPARTMENT
BLUE� — MAVOR File NO.
ouncil Resolution
Presented By ., J��
Referred To Committee: Date
Out of Committee By Date
BE IT FURTHER RESOLVED, That the City Council of the City of
Saint Paul urges all residents of the City voting at the November
2 , 1982 , election, to cast a "yes" vote for Constitutional
Amendment #2 .
COU[VC[LMEN Requested by Department of:
Yeas Nays �
Fletcher
�evine In Favor
MasarL�'
Nicosia-�--��
scheibei _ __ Against BY —
Tedesco
Wilson
Adopted by Council: Date
OCT 2 6 19�2 Form Approved by City Attorney
Certified a_ -e y Cou ci cr BY
1'
_OCT 2 g 1982 Approved by Mayor for Submission to Council
E\pp d by iNavor: te —
_ By
PUBLISHED NOV � 1982