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279510 WH17E - C�TV CLERK ��VnCll /��`J5�o PINK - FINANCE GITY OF SAINT PAUL J CAN��V - DEPARTMENT � B�UE - MAVOR File NO. �r . ouncil Resolution Presented By �� Referred To Committee: Date Out of Committee By Date WHEREAS, 1. On October 26, 1982, the Port Authority adopted Resolution No. 2068 giving pre- liminary approval for the issuance of revenue bonds in the initial principal amounts as hereinafter listed to finance the conversion of the buildings' existing heating system to the central energy system for downtown St. Paul , commonly referred to as the District Heating System; Dollar Amount of Building Name, and Location Revenue Bonds Approved American Beauty Macaroni - 352 Wacouta $ 100,000 Bison Building - 230 East 5th Street 245,000 KeTlogg Square Apartments - 111 E. Kellogg Blvd. 437,500 Minnesota Museum of Art - St. Peter at Kellogg 104,400 Radisson KelTogg - 11 E. Kellogg Blvd. 450,000 Victory Ramp - 344 Wabasha 59,600 Y.W.C.A. - 65 East Kellogg Blvd. 125,000 Minnesota Public Radio - 45 E. 8th Street 110,000 World Theater - 494 Wabasha 245,000 Hanover Building - 480 Cedar 36,000 400 Sibley Street(Park Sq. Court) - 400 Sibley Street 67,500 AAA Building - 170 East 7th Place 26,200 United Hospitals - 333 Smith Avenue 1 ,891 ,100 St. Joseph's Hospital - 69 West Exchange 2,129,400 Bethesda Hospital - 559 Capitol Boulevard 2,965,600 P�lears Park Place - 401 Sibley 90,000 Central Towers - 20 E. Exchange 292,300 Gallery Towers - 26 E. lOth Street 35,000 Capp Towers - 77 East 9th Street 180,500 St. Paul Labor Centre - 411 Main 15,300 Catholic Charities - 215 Old 6th Street 36,500 Garrick Ramp - 6th & St. Peter 25,000. Time Medical Building - 355 Sherman 21 ,300 TOTAL 9,688,200 COU[VCILMEN Yeas Nays Requested by Department of: Fletcher Levine [n Favor Masanz Nicosia scheibe� _ __ Against By Tedesco Wilson Form Approved by City Attorney Adopted by Council: Date � �� Certified Yassed by Council Secretary BY✓ �� ss- /I-3��-g� Approved by Mavor. Date _ Approved yor for S bmi to C ncil By _ BY � WHITE - CITV CIERK PINK - FINANCE COUIICII CAN�RV - DEPARTMENT G I TY OF SA I NT PAU L 4 BLUE - MAVOR File NO. �_-� � ; Co,uncil Resolution Presented By /�''��'��.`•'li� Referred To Committee: Date Out of Committee By Date - 2 - 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 .i.ssued only with the consent of the City Council of the City of Saint Paul , by r.esolution adopted in accordance wi th 1 aw; 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 .i.ssuance 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 afor.esaid revenue bonds for the purposes described in the aforesaid Port Authority Resolution No. 2068, the exact detai.ls of which, including, but not limited to, provisions relating to maturities, inter.est rates , discount, redemption, and for the .issuance of additional bonds are to be determined by tf�e Port Authority, pursuant to r.esolution adopted by the Port Authority, and the City Council hereby authorizes the issuance of any additional bonds (including refunding bonds) by the Port Authority, fo,und by the Port Authority to be necessary for carrying out the purposes, for which the afor.esaid bonds are .i.ssued. COUNCILMEN Yeas Na s Requested by Department of: Plele�her--, Y Levine [n Favor Masanz Nicosia seheibe� _ __ A ga i n s t BY Tedesee. Wilson N�V 3 � �982 Form Appro by City Attorney Adopted by Council: Date � Certified Y�. ed b Counci Secr ry BY`�S�""`—' ',' � � //�,��4� s� t�pproved by avor. Date _ ,,, �9�7 Approved b yor or Submi si ouncil By , — By � `�sr��.iSHEU D E C 11 19��. � •� oRT � . � ��9510 AUTHORITY OF THE CITY OF ST. PAUL Memo�andum TO: BOARD OF COMMISSIONERS DAT� Oct. 21 , 1982 (Oct. 26, 1982 Spe�ial Meeting) ,, ,% 1` � jI � �)�I � FROM: B.A. Maus `��-`;� � . � ,,_ �, ;!• v � SUBJ6CT: DISTRICT HEATING CONVERSION COSTS PRELIMINARY & UNDERWRITING AGREEMENTS RESOLUTION N0. 2068 District Heating in St. Paul has progressed to the point that user commitments for a minimum feasibility load of nearly 150 megawatts are in hand. Thirty-year contracts have now been signed by approximately 70 property owners. Gilbert & Commonwealth of Reading, Pennsylvania, utility consultants, have completed a feasibility study acceptable to both Standard & Poors and Moody's. Yet to be accomplished is the sale of bonds to construct the system which is anticipated for mid-November and approval of conversion financing by the Port Authority for building conversion for 21 businesses. The Gilbert & Commonwealth feasibility report required that 135 megawatts be committed in order to service the debt and operating costs of the system. There are approximately 150 megawatts of signed contracts, some of which are contingent upon obtaining adequate conversion financing. Those properties comnitted to District Heating are as follows: Capp Towers U.S. Post Office Gillette Company Capitol Complex St. Paul Ramsey Medical United Hospital St. Joseph's Hospital Kellogg Square Apartments St. Paul Area Labor Centre St. Paul Hotel Control Data Corporation St. Paul Civic Center Arena Radisson Hotel Minn. Mutual Life Insurance Co. St. Paul Companies Ordway Theater Farm Credit Banks � Ramsey County Courthouse Dayton'sdayton' s Pioneer/Endicott/Midwest/Jackson First National Bank Valley Apartments Central Towers City Walk Block 40 Mears Park Place Osborn Building Amhoist Tower Granada Hometel Rossmor Building Arts & Science Center 400 Sibley (Park Square Court) Y.W.C.A. Gallery Towers � � � � � � 2'%9��0� BOARD OF COMMISSIONERS October 21 , 1982 Page -2- . Ramsey County Jail Cardozo's Warehouse tlnion Depot Capitol Square Bldg. Radisson Plaza Exchange Hi-Rise Landmark Center Minn. Dept. of Economic Security Correnerce Building Public Safety � 345 Cedar Bldg. Minnesota Public Radio City Hall Annex Bison Building Northwest Crossing Public Health Center Degree of Honor Building Wabasha Hi-Rise Union Gospel Mission Site 360 Wabasha Building St. Paul Public Library Midwest Federal Savings & Loan Hanover Building First Baptist Church Emma Norton Residence Public Safety Annex Ramsey County Juvenile Center Central Park Methodist Church Central Presbyterian Church Rasmussen Building Commercial State Bank World Theater Two Sixty Two Studios Bldg. Minnesota Museum of Art Science Museum of Minnesota McColl Building T.C. Field & Co. Businesses requesting Port Authority conversion financing are as follows: American Beauty Macaroni $ 100,000 . Bison Buiding 245,000 Kellogg Square 437,500 Minnesota Museum of Art 104,400 Radisson Kellogg 450,000 Victory Ramp 59,600 Y.W.C.A. 125,000 Minnesota Public Radio 110,000 World Theater 245,000 Hanover Building 36,000 400 Sibley Street (Park Square Court) 67,500 AAA Building 26,200 United Hospitals 1 ,891 ,100 St. Joseph's Hospital 2,129,400 Bethesda Hospital 2,965,600 . Mears Park Place 90,000 Central Towers 292,300 Gallery Towers 35,000 Capp Towers 180,500 St. Paul Labor Centre 15,300 Catholic Charities 36,500 Garrick Ramp 25,000 Time Medical Building 21 ,300 Since potential borrowers required varying amounts of money and many requests were too small for a bond issue, it was not practical to issue bonds for a customer needing $35,000 nor require our normal first . � � � . � � �'�g��0 BOARD OF COMMISSIONER October 21 , 1982 , Page -3- mortgage as provided in the 876 bond resolution. Consequently, with regard to profit organizations, a method of issuing up to $1 ,000,000 in bonds (to avoid capital expenditure problems) and dividing them into individual Loan Agreements was devised. Required with this Loan Agreement is a security agreement and a second mortgage or Supplemental Agreement allowing the Port Authority satisfy the first mortgagee in the event of a default. One special request is for Kellogg Square Apartments. Since this is a housing project, there are restrictions in the law that do not allow the bonds to be sold other than with the non-profit bond issues comprised of mainly the Hospitals in October of 1984. Kellogg Square is due to hook up to District Heating, however, in the fall of 1983; consequently, they will require funds in April of 1983. It is proposed that the Port Authority make a direct loan to Kellogg Square Apartments from Port Authority funds at the existing bond issue rate for 876 revenue bonds in April of 1983. This interim loan would be taken out at the time we go to market for the other non-profit organizations in October of 1984. Should for any reason bonds not be sold for those non-profit issues in October of 1984, which could happen if the Hospitals found a less expensive source of funds, it would require the Port Authority to convert this to a 20-year loan. For non-profit organiiations, multiple loan amounts may be contained in bond issues exceeding $1 ,000,000 since these organizations do not have to adhere to IDB guidelines. An important point regarding non-profit institutions is that they will be receiving aid from St. Paul area charitable foundations to assist them in their repayment of the debt to the Port Authority. Total firm commitments for area foundations are as follows: The St. Paul Foundation $ 500,000 Northwest Area Foundation 500,000 McKnight Foundation 500,000 St. Paul Companies 250,000 3M 350,000 Dayton Hudson Foundation 250,000 F.R. Bigelow Foundation 100,000 TOTAL 2,450,000 Comnitments are anticipated to reach $3.2 million next month. These funds will be advanced directly to the Port Authority on an installment basis to credit the debt service accounts of each borrower. Once the borrowers realize true savings after debt service and District Heating costs over anticipated existing fuel costs, repayment will begin by the borrower to the Foundation at a rate of 6%. This is illustrated by the attached graph (Attachment A). The project presented here today for consideration totals $9,688,200 in construction; $8,461 ,800 (87.3%) represents non-profit organizations „ � ` � � � �'795�� BOARD OF COMMISSIONERS October 21 , 1982 Page -.4- who receive Foundation aid. Of that total , $1 ,226,400 (12.7%) will be for profit organizations containing a second mortgage or Supplemental Agreement. Each of the organizations requesting funding is listed on Attachment B along with a brief description of each one. A financial statement of each potential borrower or an explanation is attached in the Appendix. Of the $9,688,200 in construction funds requested, it is fair to assume that the Port Authority Comnission will receive requests over the next two years for an additional $2� million. At the point that District Heating obtains a load of 175 megawatts, the City will be receiving its franchise fee and the tax increment comnitment made to District Heating. At that point, we would recomnend that the Port Authority no longer offer these favorable loan commitments. District Heating in St. Paul is not only good energy policy but a sound business decision. The average time in which District Heating customers recover their investment in converting their buildings is approximately six years. Some buildings have a recovery period as short as one year. It will attract new business and encourage development in St. Paul . A new development can install a heating plant for as little as 10% of the normal cost due to the fact that a boiler system has been eliminated as a capital cost. In addition, the cost of energy through District Heating is less than other conventional sources of energy now available. Staff recommends approval of the 21 loan applicants which are equivalent to Preliminary Agreements in addition to the interim loan of Port Authority funds to Kellogg Square Apartments. BAM:ca Attach. 2�95�� { . Resolution No• ��(o� �2ESOLUTION 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 deteimined 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 p�event 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 unemploylaent; and WHEREAS, factors necessitating the active promotion and development of economically sound industry and commerce are the i.ncreasing 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, Laws of MinnESOta 1981, Chapter 334, Section . 7, Subdivision 3, specifically permits a municipality to authorize by ordinance any redevelopment agencies to exercise any and all of the powers granted to the redevelopment agency under any law for the purpose of financing all or any portion "any conversion facilities for modifying the users' heating or warming system to use the heat energy converted from the steam or hot water furnished by [a] district heating system, including but without limitation, the payment of interest during construction and for a reasonable time thereafter and the establishment of reserve for bonds, and for working capital" ; and Section 8 of said Chapter 334 has expanded the definition of "project" under Chapter 474 to include "any � . � � . � ��o property, real or personal, used or useful in connection with a district heating system, consistiny of the use of one or more I energy conservation facilities to produce hot water or steam to be used in the homes and businesses, including co-generation facilities, distribution lines, service facilities and retrofit facilities for modifying the users' heating or water systems to use the heat energy converted from the steam or hot water"; and WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the "HRA" ) intends to enter into a revenue agreement with District Heating Development Company (the "Company") to. acquire and construct a district heating system to provide for the use of hot water to be made available to various building owners located in the downtown area of the City of Saint Paul, Minnesota, and certain of the building owners more fully described in the notice of hearing attached hereto as Exhibit A (the "Building Owners" ) have applied to the Port Authority of the City of Saint Paul (the "Authority") to finance through the issuance of one or more series of reyenue bonds (the "Bonds" ) facilities, equipment and improvements for modifying the Building Owners' heating or water systems in their buildings to use the heat energy converted from hot water to be furnished from the district heating system and for energy conservation purposes within the building, all as is more fully described in Staff Report on file; and WH�R�AS, the Authority desires to provide a r�liable and efficient source of energy for building in the dQwntown area, to conserve energy and to facilitate the selective development of the community, to retain and improve its tax base and to help it providz 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 WHEREAS, the Project to be financed by revenue bonds will result in substantial employment opportunities in the Project; . 2�95�� ° 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 provide temporary financing thereof) to finance the entire cost of the Project upon agreement being reached as ta 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 Loan Agreement by each Building Owner, the staff of the Authority are authorized and directed to continue negotiations with the Building Owner so as to resolve the remaining issues 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 Aut�ority, 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 appraval 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 interim note or notes) and interest thereon shall not constitute an indebtedness of the Authority or the City of Saint Paul within the �aning 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 tlzereon. 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 2'79510 ` additional bonds whic'n 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 the form of said Loan 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 Securities, State of Minnesota, for approval of the Project, which has been available for inspection by th� 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 �2��. � � . 1982 / _ ' � / `� / � /� / Attest ��` `� � � ' ��"�� Preside The Port�. Authority of the City _ of Sain�t Paul ^ , �. ��•Secretary ' , AFFID:�VIT OF PL BLICATIO�i 2i951U ST:�TE OF 11I��iESOTA COL tiTY OF RaI�ISEY � -� - � _ � ► ROSEDL�RY J FRANR , being � '' NOTiCE duly sworn on oath, says: that he is, and during �'-• `� -- — ' 'all times herein stated has been, Clerk of the h�a e�f�Ceob+rY+rnisioe�ritol�:P�°',;,,;�"�;�;;� Northwest Publications, Inc., publisher of the '""'�°'s•�^'P•°"M+""•`°''+►'"•"nO•'""� newspaper known as the St. Paul Dispatch, St. Pot1 Aufnortfy ef tn�GI}y af Salnt Paul�xsted af� 1N�fi Fourt� SirNt. St. Peul. .Mi�n�sot� af 2:� o'elxk p.m,on Tu�Way,p�lob�r 1f, ,�,,ro,,,,,., Paul Pioneer Press, St. Paul Sunday Pioneer iM followln0 Propas�ts to Issu� Industrial Cevefop- m�nt r�wno�Dondt in accordanc�wHl�Mlllnypt� Press, a newspaper of general circulation within Sfafutes CAeDter�74,torc. r t,Th� flnantl�y of Obfn�t M�atlnq �a��ralon the Clty O1 St. Paul and the COUfItV of Ramsey. Gosb fpr ppMn�qwn Sf. Pwl OWldinqs'�nA In +o�Cafas-�n�rqy��onserwtion imPrpr��Ms ' fo�1h�lollowlny; . . Wor14T�qfre - -� �}��,,a,. That the �lotice hereto attached was cut from I � Rlp M�rlon NortN/SoW�� ' . . F� MtGoltBulldinq "�0� the columns of said news a er and was rinted G.r��ek a.m� n.r�s P P P ' "`"°^'aa'^p �w � and published therein on the following dates: GokeY's . ��S Arts i SeIMe�Cent�r " ��. Sei�ne�Mw�um V,21! 3rd day of Oct lq 82 Grao:o's - . '.. , � � unlon o.par t F1�mm Qyildlnq � � � � .sl�,� er�m�r Oulldinq Brem�r Towtr � '�,� d ay o f , 19 Minn�so►�8ulldlnq , . =�,�5 Am�rlc�n C�ni�r pulltllny • �� Butw�mtk•s 3�.750" S�v�rtth Plat►8uildlny . �� day of 19 Am�rlean 8��ufy Maearoni �� Biwn 8ullalnq. ' ' - . '�� Fint�Buildinq `7�� 2.Sunfee Sysrems, i�e. Ih tn�amount of St,s7s,0oo day Of 19 for fh��onsiruction of e n�r.o}fiee��d m��. � fsCturinq.fscility in St,Psul En�r9Y Park. 7.E�rf Scott tlCa Caop Tow�rs Tr�vel Most Mofel In th�amount oi f3,100.�,„ „�.,,« ,�� .�,�,f;. day of 19 tlon�nC r�mp0ellnq p}iR�CaPP Towers Mo1N in + ' St.P�ul.Minn�yof�. �.500 NorM RoDerl Sfreet Limited ParfnersMp in nq a d�eon�rsion�o f�rruitlpl�t�nsn intlustrl- l9 day of , a1 IsNllfy(ROS�mor BWWlnql�n5t pw6 Minnr ' sOt�. i S.IUSOCIaflon pfflce C�nt�r in th� smaunt ot day of , 19 t2.700.O0p►o fin�nc�Me co�atrurtlan ot.s aS,000 sQuat�foof oHlee buUtlinq af HintA snd��dir•in Sf.PaYI.Minn�acta. 7 �A GnH eooy of t�� p�apay� app��atians fo tFe- ;�/ �Partm�M af Ener9r, Plannlnq MO p�veloPm�nt. Sta1!Of Mlnettota, fur apOrov�i oi M�prolltt; to- �� .' !.� i�, 9lfRlr wlt��II attachmenrs�ntl lihlDMt therfto, Is � 7 �v�11iC1� f0� PUbI1C I�tGd10f1 b�pinnlnq MoedaY. ' �/��'/// ,i ' �, /�' � ' �J,/�.�,-.. OctoOer t. Ive;,from Q:00 o'dock A.M.to a:,)p o'efock � � � P.M,; MenCSy t��ouqh Frldar,a�tn�parr q�t�arify ' oHieea�ocarea a► 2� West Fourth.Strs�f, SR P�u4 � / M�°°"°"� Subscribed and sw•orn to before me this ----� _. PORTAUTMORITYOFT?1E - Qt+� .!$V �)C Q(�•t , 19 S2 GTY pF SAINT PAUI - U t R08ERT F.SARAFKA � E:�cu�ive Vfc�PresiC�nt �' Press,O�t 3,no 891 � �" � /" -��.^�.�� _ • \ �iotalr�� Public _ Washi:gto: Cc�untv, �Iinnesota 1�1�• commission expires Oct 10 , 19 $7 x a.aa�c,:.�ac.��..:,a.Ma.,a.a:.. .._,:.r,�.:..aa�aa X � Kn'Y �.1,1-,.��= .. > a •�.`':, �,a.,-:.�Y .;,�: :� ,.:.`;.:E_0?.a � � '„��•�y ':�c��.:C-^^'�� `dTY � a `+�� ;"y t,;,;^^tiss c� ex =s:.' i 0. 'c37 � :."T7%GC'.JC•,7.w;,�.�...�a.�..w%-..,.. . .. .^.�y'�"`.^:Y`.'�7C�:':� � �, � ~ � � � 2'79510 . _el�.:.gi.-'.�'�iE:'L"`..Zlt.��. r,._..r� .R7F ' r .,�:.� 1I'►. ]�'16�A1':L2.7lt�rf��fl�fiA�t'p:,• l�w��y........•y. 'R :f �sj-....��)A R.�rr s •... �n Harica - .. �- . -;. . � :. :�:= .:� .;_ _ .. _ . � _ � . . � s _ _�rr . _ .. Noa«[:n�eer t�vm wae pnaic n.aelnp — - � � . , `: •'� _.. . '_: . ' . : ` -. .. ill be hdd b7 the Commiaimes M ffie Port -_ " , PRIN1'ER'S.AB'PTDAVIT OF PUBLICATION_-. i :-.' uthority of t�e Cit�of Saint P�u1,1liaa�ot� gTATE OF MI1�TI�TE$OTA�� ;= r me ouice oi me Port Authorjt�of tae C7t� ` COUNTY.OF RAM$EY. . � � Saiat P�ul loaeed at ZS Wast Fonrth 8tr�et, �.' � . . . :. P�ul. Mimsota at 2:00 o'elock P.Y.on " :` � . • •- ` . ; `„'" '; _ . .' � :aday, Au�use iT, t9e2 to ooaddQ the � 3amuel E. Lew�s,Jr:,being duly s�.vorn,`on:.oath says he fa a�ui durinq.all*tRe tim.es)eerein stated iiosi�c v�vosai: w tssue industrlal h.as been the editor an.d publisher oj th,e:newspaper knourri aa The ga�nt Pau1 Legal Ledger and �do�e �m�� booa. �o .�oeaanoe has Jul1 knowledge oJ the fa�cts T►erein_atated sa Jotlolai: (1) ,Bafd newapaper is prf+nted tn the �s� a[;ma.oa saeuca o.yar ��, so En.glfsh. language in newaPaPer lormat and:iu�column'and:aheet Jorm equivQ.ient{n printed apoce ""a we nts�r�t H..aot Cae�.e+ion oo�ts to at Ieast T200 square inches; (2J Said newspape"r is u&y�y and is d{stributed da{Zy except 3unday, r povatowa SR Paulbuildiapaod fn tome MOftd.Qy and HolSdaya; (sl Sa4d'newapaper- has xs% of {ts +seaos coiumna deuoted to �ewa o '�`a°'�r ODi7Q1'�O°�p1O1�o� local inter�ct to the commun4t�/..whick .ft purporta to serve ased doea not ioTwliy duplicats an� OsDomBuildin� s 4u,eoo.00 oth.er publ3catioft and is not made up entirely oj patents, pEate matter cc»d dtivert{sementa; �°w'b's�asutta�a� tsl.s�o.00 � ' (.�) Ba�d newspaper fs circuiated`tn and »ear tTce mun�c{paltty which 4t �urporta to aerve, h�aa s'.P'�L�c�c,e �c,alo.00 at Zeaat S00 copiea regulurly. del�vered to paying�subac��bers; h.as an�average of dt l�ast 7bqo �ommaeesuua►nt 9e�.�o.00 .� J �s cea.rsuuata� �opp� ,o} its totai c£rculat{on currently pa{d or �to more than three months in arrears and has enfry aa aecond-class matter {n �ts local �oost-o�/fae; (S1 Ba{d newapopgr purporta to serve the C{ty o1 ADt101D��CplppA}jpp i�,oss.00 ' gt. Paui in the County of Ramsey cnd it haa its-knoum�o�'tca-oj�,isaue..tn the City oJ Bt. Paul {n ��°°�t aaid county, established and open dur�ng {ta reguular businesa hours or the ��.�� f gatl�erfng of nesaa, �maican N�tiooal saie oJ advertisements and saie oJ aubacrtptiona and ma{ntaixed by th,e manaqin9 o�'icer oj_8atd s.akeooa iei.rle.go n�PdP� �' Pe'+'aona tn ita emPioy and atcbiect to h.ta d{rvct{on and control during a1I auch reg- a,na.oal�u.umot�►et �s7,aa.ro ular businesa houra and at which aa{d nesoapaper ia prFnted; (61 8aid newapaper �liea a copy oJ �ucjceeelt.n zi�,ppp.pp each issue immed{afely ioitb`the $tate Hiatorioal Sooiety; (7J 14atd nc�osprs�.�complied+ntth �meriaaNationalHank ma,p=�.pp al1 the joreqoing canditio»s for at Ieaet trao years prec�d�ng•the day or datea of publtcat�on me»- �.�c�atts.nk loo.lee,00 tioned below; (8) 8a�at �ewspa�►er ho�a Jiied �oitA t1�.e g6oretary oJ ,�tate o� M{nnesota pr{or to v,�.�e�a,uam� n�.i�s.ao January 1,1966 a�nd each January i tlaereafter an aA4davit tx tTce form prescribed by the 14ecretary �+oo.�r�es�ocv ' oJ Siate and aigned by the mana Mldvesc/J�ekwa s�.�.m � ata#n 9{ng oA'icer oJ aaid nezoapaper,and aworn.to before a notary publio .mtRITO�VtIf r�awa.ao _ 9 that the newspcper �s a Jega1 newapoper. . _ .� COwa SQuue Z2S.B5.00 , '' ........ .:_ ..� .:-.• , : s- � : _ ,,, • _. � - . . ,. ,r- . . a � L :awolieAia Auodatlon 2Y.xxe.00 Se Jurfher states vn oath tha!`thd pr�fit�T .Cl, , - r �' . _ ��ua��c�.it.�� so.�saao : , .. _ , . Q��F� "_ _.•.•�.- .�: •-,.......... vorenW�e«ncm�a�uas�+e.si�.00 . .• -�,* -•. hereto attached aa a;part hereoJ��oaa cut•.h'om.th�e�coiumna or aafd r„r b;e��ns as�.�roo.ao netoapaPer:and toaa printed and pubT{ah,ed tAeresnr{n the En hah lan ua e _ � . :az. ..�aarctia ee.�7o.0o blieJted S8tU1"Cl S -} �' 9 9 , once; that it�toaspso 3anover Huildini 40.700.00 � 4!� ••••• ��f� .��$ X. � .,� �` � p j_ � J�1•.}' . ..� 19.U? ,.. �auasroWe�s �.�� : a�d that the Jolloioing ia a printed e o �the Iower caqe al habet - , . : .. . o n oPY; f .. P J�±'A to Z}:both.fnclua�ve, �. tadis�onPlau 1�1,7Y6. _ .�_�_�� . - . : .. , _ _ . ' � s., . . �c.pa�n��ceiue 9ss.�o.00 b±J,aaknow�edyed as be{ng tlie aixe and kEnd of,t2/pe used t�i� the eompoatt{an and iRyhouad S11t Depot �.�•� plib�t{Of{ Of 8d� !{Of{0��t0 t0{t ti�< u 1r �: p�.• � }, a S e c-f �arkSqwreCourt 110.000.00 = r e A: � .` � A Rabssha Court 197.400.00 .�� s ` � abcde .• �_...;� �- t L�' , {� BurliaCt�Northem S95.OB0.00 �.:.� .. rB�lmnopqrteuv`ar�qz�< < � :_x .: . 3S6.Oi0.� a` � � 5_. : �ai.►., s - . St.Pau1 Companies _ ,• �' " � � ��r a a "x y ,s Y . � � .a.�♦ z '�C.-r.i I �i - t MeanParkPlace 111.64SA� � .� �r' 1 st �..a�D��.-r4 r �� , .._.tz ,. i vucn i9a.i�o.00 -4� `k- S � =�� .:r -� ._ -� �l.i�l M ` . .. T.C.Fidd 49.l84.00 ` t •I : � �lu� : GiUette t.000.000.00 i�-�� a > �:� � � ;,; �,,,, '°`'O,t F � � �, ' � . }�d10B6 94t7�tt A➢�7'tmmta M2.890.00 ' � � s' .,x r. r a e� .. Y� .z- F'�`s. �r� . k��s... i}�- i � .... -• .... Bethada HosPital 4.370.7�O.OD ;s d� ,�„ �� ; 4,,,, * ''�r:_, y t u .. %P ,, i, 2.423.180.00 - >va ras � x..- + .,< . � - St.Joseph's Hospital � : ;w� 4 8' ti s�,-.' . �• ,,,,•� ; � - ., . .� c _ ' ., � .. c,syw�x +e.zeo.ao , Bubacrtbed and aaorx to bejom �ne Lhia:��$� day oJ' .: �ll�.f .., 19�� AAA Building 48.125.00 �` ..;: .� �. .�r—_ �7 � .� �• t + - - - - 102.410.00 ' : - ��:� _• .:: :x ,,,,e� - �iinnaou Public Radio ` � E x t �, �° r r" a '.: Rasmussa�Buildin` � 79.450.00 Y . •- , + i•: - - ° _ ; . '1`ravdodge Motel 22.9QS.00 `�..�,.�5: `,.. ,:. .ri M.�L�'.�+$;�` e' ` � ': 4 ` . `' c : -,9. .,ra 262SmdiosButldinB 142,180.OU �1t u� NOTAP�-p�ellC; ��IMINNESOTA =ee oi Honor BuildinC 144.282.00 ^ �+. x ,+.: ,� ';' � � �.��.� :,±��,�wasH„vcroN�cau�v�r�� rv _ A1ano SocietY . : ,, ; �- �,••.p a � -y �r r ° . �n a . , � , e�� ,. Docto=s Profasional Builaiag 130.87Z.00 �.: AAY CO�nNSMOn EspnM Mar�78:196Q; `` 'd•• . . 21.�45.�0 .. - � .. . %d � ' ;��t,:f� i� -� r+6��_.� �`. $t.PHUI I'iOtl1 � 2.239.895.00 s*}'7 v . .x �x� �. -r.a r l � ' Ulfltld HOSpltal :- ., • . p. •_<� � ^- a .+,. + a i F,r .., c� � .: . . � i. � `. A lICtU00E SO a�r..�rijt�a��M�i< �YY k '� 'Y i e.�.._'� c �i��:. r :- r F'�s�da� . ��1 ♦. . . .- . A draft copY oi the PmP� PD� a�a�w�stl�tnv3�t.��roa+�3 ie+�i�?.�Y�t,ys��l�...'.:�dlf!'ES:.�i.��r`.�....�`�._s�:._�...-- he Departmait of Energy, Plannini md �evdopma�t, Sute oi Minnesuts. tor ap �=mral of the ptojects.to`ether�vith all at- ,achmmu and exlubits tha�eto,ue available !or public inspection beg[nninL ��day, august 2�1�2,Srom B:00 o'clock AM.to 4:90 �'clock P.M..Maoday throuib Fdday.at the Port AuWority ot5ces lonted �t � w�t Faurt6 Street.St.P�ul.Minnnou. PORT AUTHORTfY OF TH£ �CTfY OF SAINT PAUL ROBERT F.SPRA£KA Fsxvtive VicePmident (Julp 31) - ��Si. !AL'L LEGAL LEDGF1t►►►► -. . � , . - 2'79510. CITY OF S�I�iT P=3UL � OFFICI� OF Z`fiF� CITY COIINCIL �- ,.,,,..:::::::: Q„'._.�,� D a t e : , November 19, 1982 COMMITTEE RE PORT ' � i TO � Soint Paul City Councit F R � � = C O M t�l i�'t C e Q►f7 Finance, Management �, Personne 1 - . . C H A I R 3ames Scheibel . 20. Resolution approving the issuance of revenue bonds for the financing of the conversion of the existing heating system of buildings to the central energy system for powntowr, St. Paul, coaunor:ly referred to as the District Heating System. (Port Authority) _ ,��_� � �� y`Q- c v -`�'`.-�il��?': 21. Ordinance amending Section 64.03 of the St. PaulAAimministrative Code pertaining :��w—�-� � to Adoption of Assessment Roll. �� 22. Resolution renewing the contract with Fidelity Mutual Life Insurance Co. � � in its entirety,� at the rates aforementioned for October 1, 1982 to �"i-i;c:.;a�.�.:=a September 30, 1982. �-=•-�'�'�� _ . - � 1- 23. Discussion of the financing for the Civic Center Parking Lot and renovations. � 24. Resolution relative to the� jobs program for Energy Park. (Councilman Scheibel)�� 25. Discussion of the proposed assessments for 1983. � � � � • • ��'-�i9 "�Port 3Authori ty DEPARTI,tENT� ONTACT , Kr!9510 224;5686 PHONE � Nov. 3, 1982 DATE �v�� 20 (Routing and Explanation Shee�t) Assign Nurnber for Routing Orckr (Clip All Locations for Mayoral Signature):,�CEIVED ,d� Department Di rector �City Attorney ��CEI�D NOU 5 1982 �L�i rector of Management/Mayor f:'�',I � - ,��,? CITY' ATTORNEY 4 Finance and Management Services Director � 5 City Clerk �1a�0!�S ��t=(�� Budget Di rector i�hat Will be Achieved by Taking Action on the Attached Materials? (Purpose/Rationale): The purpose for the revenue bond issue is to finance the conversion of' the existing heating system of the buildings on the attached sheet to the central energy system for powntown St. Paul , corr�nonly referred to as the District Heating SyStem. d• ' , Financ�al , Budgetary and Personnel Irr�acts Anticipate . A corrr�nnitment to District Heating will result in the reduced consumptiion of energy in St. �aul and also reduce the cost of energy to each of the property� owners thereby contributing to the profitability of each of the businesses which in turn will enhance their growth potential in St. Paul . Funding Source and Fund Activity Nurr�er Charged or Credited: Attachments (List and Nu�er all Attachments) : 1 . Staff Memorandum 2. Draft City Council Resolution I 3. Port Authorit Reso7ut'Qn NQ� 2068 4.. �is of Buil ings & Do�lar Amounts DEPARTMENT REVIEW CITY ATTORNEY REVIEW ' i X Yes No Council Resolution Required? Resolution Required? X Yes No Yes X �No Insurance Required? Insurance Sufficient? Yes _ No Yes X No Insurance Attached? Revision of October, 1982 (See Reverse Side for �jn�tructions) � � ! e " ' " 2'�95�.� Dollar Amount of Building Name, and Location Revenue Bonds Approved American Beauty Macaroni - 352 Wacouta $ 100,000 Bison Building - 230 East 5th Street 245,000 Kellogg Square Apartments - 111 E. Kellogg Blvd. 437,500 Minnesota Museum of Art - St. Peter at Kellogg 104,400 Radisson Kellogg - 11 E. Kellogg Blvd. 450,000 Victory Ramp - 344 Wabasha 59,600 Y.W.C.A. - 65 East Kellogg Blvd. 125,000 Minnesota Public Radio - 45 E. 8th Street 110,000 World Theater - 494 Wabasha 245,000 Hanover Building - 480 Cedar 36,000 400 Sibley Street(Park Sq. Court)-400 Sibley 67,500 AAA Building - 170 East 7th Place 26,200 United Hospitals - 333 Smith Avenue 1 ,891 ,000 St. Joseph's Hospital - 69 West Exchange 2,129,400 Bethesda Hospital - 559 Capitol Boulevard 2,965,600 Mears Park Place - 401 Sibley 90,000 Central Towers - 20 E. Exchange 292,300 Gallery Towers - 26 E. lOth Street 35,000 Capp Towers - 77 East 9th Street 180,500 St. Paul Labor Centre - 411 Main 15,300 Catholic Charities - 215 Old 6th Street 36,500 Garrick Ramp - 6th & St. Peter 25,000 Time Medical Building - 355 Sherman 21 ,300 TOTAL $9,688,200