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278961 N�HITE - CITV CLERK � /��C1 PINK - FINANCE � COUIICII �� Uj CANARY - DEPARTMENT G I TY ,OF SA I NT PAU L BLUE - MAVOR File N . City Attny/JTH • . ,Co �cil Resolution Presented By � Referred To Committee: Date Out of Committee By Date RESOLVED by the Counci�l of the City of Saint Paul that the proposed Amendatory Agreement between Briggs and P�torgan Professional Association and the City for bond counsel services amending the parties Agreement of November 5 , 1975 to increase fees for issuance of genera�l obligation bonds to $1,500 for a bond issue of $2, 000, 000 or less and of 75 cents per thousand of issue over $2 , 000, 000 is hereby approved on behalf of the City for execution by its proper officers. COUNC[LMEN Requested by Department of: Yeas Nays j� Fletcher "� 4°"i"�" �� In Favot Masanz Nicosia Scheibel _ __ Against By — Tedesco YI� JUL 1 3 1982 Form A ed by Ci Att rney Adopted by Council: Date � � Certifie assed Co il Fretary BY ,. r ,�- JUl 1 Appr e Mayor for b is to ouncil 61p o by iVlavor. te — sy _ — By PUBUSHEQ JUL 2 4 i98� • �— ,� •►�,it,� ��;i • . . .. � Fi• •'`„'L. � ��/�""�'�„� ' . t r:;,A.t►_x:a� , . .r ► �" , �.. � Dvte ; July 9, i982 - : .� . -� . • �y �] - "� ''.. - �. � . : �Gi/�a7�� . - - �. �. co � � ��rT�� 0 �1 .` � � . . � - . ; - . . . - '�' p : Sain� Paul Ci�t�r Co�cncit � ' - : �R 0 � = C 4 ii7171 i�''��'l° o n �ZNANCE� MANAGE�SENT & PERS O�JEL - . . F7'ames' Scheibel � �hQi�m a n, � -- - T;�e Finance Committee; �at the meeting of� ��'Z , recommended a roval of the� followin : 1. Approval of minutes o£ meeti.ng lzeld July l, 1982. C1'k_ �.... ' � 2. Resolution authorizing an Amendator}T Agreement betweeiY �3riggs & rSorgan , `�"' Drofessional Association for boi�d counsel servzces sa as ta inczease fPes for issuance of genera2 obligation bonds from 50 cents to 75 cents per � thousand. pt�P�+�'nJe-c� 3-0• � —.-r---- 3. Resolutioa authorizing an agree�enL G;ith the Firearms Zn�irmary provid.ing for the inspection, service and regair of Gity owned fi.rearms. � "'�'�e 4. Resolution approving the issuanCe of revenue bonds ($3,�i00,00Q) to iinance the construction of a c].ini 3 o�ility �n the Coino Shaps of Energy Park for Share Health. PrP'P+�aD�1g.1 �. Resolution approving the issuanc',e o£ revenue. bonds (52,585 000) to finance > � the construction of a parkirtg ra�p to serve the needs of Banclana SRizare in Energy Yark for AHIJ Corporation.' A vT�OJ� 3--0. - 6. ResoZution amending the 1979 andI1980 Capital Tmprovesnent Budgets to provide County aid funding for certain street resurFacing projects (as outlined in the resolution.) LA�U 0 vP.Q 7. fiesolution permitting the West S�ctor Patrol Unit to ��ove from Ed�;ecumbe School to. the Unidale Pfall. A�}�r�� 3-O. �_� 8. Discussion of the proposal to allow city employees voluntary Ieave caithout pay as a money saving incentive,. ',CThe Finance Committee uoted pn a motion '`�� which approves Councilman Tedesco'',s resolution. They also requested that the +:.: administration proceed with. surve}�.ng city employees to find our their response to this incentive. Tho.se results 'of the survey will be returned to the Finance Committee prior to this resolution; being on the City Council agenda. �Z�) F1�- `` <�;'i . . ;• �';?ti �'ii . :.;,��:; _ - r ,\ .. �.1I`.e t'.`.'_:i., t�-��#��e�' J _.. �: - .... .. __ -- --.----. _ . - __-_._._._--- ,.�,..,.._ . . . .. - ;, � J, r . �� I �''18961 � AMLNDATORY AGREEP�IENT . � THIS AGREEMENT entered into this day of 1982 between the CITY OF SAINT PAUL (City) , and BRIGGS AND , - MORGAN Professional Association (Bond Counsel) , � WITNESSETH: ! WFiEREAS, under date oi November 5, 1975, the parties entered Agreement (Agreement) respe�cting retainer of bond counsel and fees for _services which fixed the fee for issuance of general obligation bonds of $500 for any bond issue less than $1, 000, 000, and 50 cents per $1, 000, 000' or more; and WHEREAS, the parties d!esire to amend said general obligation _ bond fee provision to one oif $1500 for any bond issue of $2, OOO,Q00 or less and 75 cents per $1, 000 for any bond issue of $2, 000, 000 or more. NOW THEREFORE, IT IS MUTUALLY AGREED that the Agreement is amended by deleting Paragra�h 2 in its entirety and substituting therefore the following: i • _ "2 . Bond Counseliwill charge a fee for approving the issuance of general obligation . I . bonds of the City of $1500 for any bond issue of $2, 000, 000 or less and 75 cents per $1, 000 for any bond issu� over $2, 000, 000. " IN WITNESS WHEREOF, the parties have executed this Amendatory Agreement as of the date fi�rst above written. i I , �W` � , � � '� � �� 2'78961 � -2- Approved as to Form: CITY OF SAINT PAUL By . Assistant City Attorney Mayor By Director, Department of Finance and Management Services � By . , City Attorney BRIGGS AND MORGAN, a ' Professional Association By WHITE - CITY CIERK � . � � . � . . PINK - FINANCE G I TY O� SA I NT PA U L Council ��(�� CANARV - DEPAF2TMENT � ` File NO� � BIUF_ - MqVQR City Attny/JTH • . Coun�il Resolution Presented By Referred T� Committee: Date _ Oui of Committee By Date RESOLVED by the Counci� of the City of Saint Paul that the proposed Amendatory Agreement between Briggs and P�organ Professional Association and the C�ty for bond counsel services amending the parties Agreem�nt of November 5, 1975 to increase fees for issuance of general obligation bonds to $1,500 for a bond issue of $2, 000,000 oriless and of 75 cerits per thousand of issue over $2,000, 000 is hereby approved on behalf of the City •for execution by its proper officers. � � j I • � i I COUNCILMEN Yeas Nays Requested by Department of: Fletcher �e°'"e In Favor Masam Nicosia scneibel __ Again�t BY — Tedesco Wiison Form A ed by Ci Att rnay�, Adopted by Council: Date � /// ' `� Certified Yassed bS• Council Secretary BY i By, — ' �lpproved by .Vlavor: Date Appro ed by Mayor for Submi��ion to Council By BY ^._— � � . • . � �� oF�t�lT=�.;x CITY OF SAINT PAUL e ,1„�"��" ; OFFICE OF THE CITY ATTORNEY � ,s EDWARD P. STARR, CITY ATTORNEY +se• 647 City Hall, Saint Paul, Minnesota 55102 612-298-5121 GEORGE LATIMER MAYOR June 23, 1982 To: Joe Hannasch Council Resea ch From: Jim Har Asst. C' y ttorney Re : Amendatory Agreement for Increase in Bond Counsel Fees Per your request, enclosed are two additional communications from Bernard F. Friel, Briggs and Morgan relating to this matter. Please call P�r. Friel should you require elaboration on these letters . The fee of 50 cents per $1, 000 of general obligation bond issue has been in effect since approval of the November 5, 1975, retainer contract. About one year ago Minneapolis amended its bond counsel contract fee provision to allow hourly billings for time spent on all but routine general obligation bond issues in addition to a 50 cents per $1, 000 charge. Tax anticipation certificates and tax increment supported G.O. ' s are exampl�s of non-routine issues . It is my feeling that the present fee rate is inadequate given cost escalation since 1975 and that a fixed rate increase from 50 to 75 cents will be substantially less costly than an increase measured by an hourly charge for time in addition to a fixed chargee Encs . yy= .� ffi.. �� .------- r • • � 'LA��' OF'T�7CES ��V� CHacte�N'. �e�ccs��uu�.�e�ei T3 R I G G S 11 � n �I� `l �� T :� \ MARR N�.WGSTkA J.\¢�� ?toxro. . A�t� H.Aintti� CULti�LtlLCN PROFY:SSIO�AL ASS�C�A�I�(�_\' �JCPYAEY F.SIIAM A.Lti@EI:CL DA�'fs , � nA�'ID G.GACYNIYO Feu�e Hsvvo�o � Devtu B.Sw.�n LLO�AYDJ.I�EYCS BEtTY L.HcH B.C.ti�sr 2200 FIRS1' NATIUXAI. FlA�H riIII1.D1�(� CIIAkLES R.II�7NOR Jous M.SvLUVws Rocco J.Mwrre�.Ja. BCB.\�CD P.FN1EL A.�DRP.A M.HO�D Bcar E.Sw•�nsu� SAINT PAUL,M1\1t:SOTA 55101 Mwen� li.Fisa !S.J.Guvi�.JY. Jow.Bv�.Tan� D.v1D C.FoQSbceo � ROBLMT L.D�ns Jo�eY J.Mct:eeix � Rtee�xu fI.M�xrir GiB�LD H.S�'/��50� ' TRUDY H.SCN@OEH ?ScSttt V.SevHOC�,Je. 3�152 I D 5 Cli\TER MARY L.IPPLL 7sac�a I:.Dor�[ Dev�a J.A�.tcn Roerx L.Ft�HSen ourn��H�Moecsv MINNEt�PUL15,?SI\\E•SUTA uG=103 M�eoeestK.Sevsoe . JE�7TNL M.Foevee�s Joa� L.Dzvxcr ', Bxtax G.Hcvsie R.L.Soeersoa ioxr R.S7LNDE60LE Perar H.Skcn �i (612) 29t-1°15 Msnx SCq�TfNCII EviraeQ Pawr L.Becrca , MICNACL A.STBE�TLB S�ceL L.Ha.vsor I Srevex 7.Hu,vrasov Ro.r�.n E.Oac�uea I Rwnesa D.Araeasox Joaa R.Kevcrica y, S�ttt A.Scoaotx JOYr R.F�,=n,t.... � Mal;r�rll 4,, 19 8 2 .�LM[S F.CHY35T0!!EL D�na J.Srexcca , D�vta C.McDo�••� D��caL J.Coce.Jn. Bacce W Moorr Parte N S�ra:xs ��. Viaccxl�e.Dwrta Docct�s L.Sxoa Tauax R.G�s:uzoso !`SICL.�LL H.JLQONIMU9 , ��, ELI2JBYTH J.AND➢FWg E.Seorr D�v�es PfrzII C.A.e.e �.�_,W.�nu,�e� R E C E I V E D ��L�S H.H�f85 Joax B.Vw ae Noaru.Ja. , Sitvi+2,ISaruu or tocnsxt Rtcneac E.Axtz Ittcaa�D C,.Maxc I S�xusL H.Moeour A�raac+�C.Becsea ��I ��^ V �d�� Fadva N.Gxes,v� Jcroxe e.ea,s � Srevi A.BQUrn �� Mr. Albert B. Olson aEp�Y To St. Paul �ity �lerk I, CITY ATTORNEY City of Saint Paul �, City Hall � � Saint Paul, Minnesota 55102 Re: City of St. Paul - $7 ,320, 000 General Obligation Capital Improvement Bonds, Series '�,1982 , City of�ISt. Paul - $500, 000 General Obligatlion Urban Renewal Bonds, Series 1982 Dear Mr. Olson: ! I am enclosing h'�rewith our statements for services in connection with the abpve referenced bond issues. Again we are hap y to have been of service to the city. If you should have any questions regarding this state- ment _please don' t hesitat to get in touch with the undersigned. I Very truly yours, I /; _ � �� 1�'G�� =i� � � I � �I Bernard 'P . ri BPF:jat I' Enclosures II cc: Mr. James T. Hart P. S. I thought I should point out that the enclosed bills based upon the time spent on these issuses demonstrates remarkably well why our fee arrangement with the city for conventional general obligation issues has to be adjusted. While our billings for these _�wo issues total $4',, 150, the time spent on these issues is nearly $8 , 000. When considered together with the Certificate issue we are still uncomf;ortably below our actual costs . .' . � » ti ; . ` � LAW OFFICES �V�V� c�s��.BB�«a5��aa�-�9�a� B I� I G G 'S A I�T D �1 O I3 G A I� rrdBY w.wHgTS. J.Nait Moarox Atsr H.MecLiv CoLS OeaLSa PHOFESSIONAL ASSOCIATION �� /�^R .IEPPBEY F.Saew A.IdtiRPNCP DAV15 � � `V Dsvtn G.Gexaripo Faura H�MN07:D R DAViD H.SeFD LL01�6HD J.REYES Hsrrs L.Hv�e H.C.Asaz 2200 FIAST NATIONAL BAI�H BL'ILDING C8A8LP5 R.Herxoa Joar�M.SeLL7ve7: . Rocco J.Merrat,Ja. � Bzaxsan P.FaieL �PR �r.�V(� Awnaas M.Born Bcar E.Swexsor SAINT PAUL,MINNESOTA 68101 � '�L. Meanx H.Ftsa M.J.Getvtx,Ja. Joax Bm.rere D�vtn C.Foasnaeo Roesaz L.D�vis �"' icaean H.ALa'rnr JOHN J.MC�EELY TTORNEI�B�Y H SC880E8 Gaaet.n H.SwsxsoN '�2452 I D S CENTEA �ITY A MABY L.IPPEL MCNEIL 1�.SLYIi0II8�J@. DevID J.ALLEN TEHLNCE I�.DOYLH Roan:L.Hexssx R�caean H.P�YLE MI2SNE POLIS,MINNESOTA 55402 Meaoeasx It.Seveoa Joxerae�c H.Moao�a 4 Joar L.Dn�rzr Jsexxn M.Fosxsais BBIAN(�i.BELISlE R.L.SoasNSOx TONY R.STEMHP80EH PE7E8 H.SPED � (B1`L� '281�1`ZIS I�j.sBq SC86PPNE8 EoINGYB PAILIP L.H@IIHEB �' M�caeeL H.Sraxersa SeMUEi L.H.NSOx � � . Srzvzx T.Hv,vaasox Roxa�.n E.Aacaean �] (�Q Rtcaean D.Arnsasor JOBR R.ALNPPICB Ap ri 1 �G_� �J O� S�i.LY A.SCOOOI7T Joax R.Fatcniw: DevID J.SPLNCEB . JA][PS F.CHHISTOPPEL D�NIBL J.COLE,JR. DA�'ID C.McDoxei.n $BIICE �1 TSOOtY Psrsa W Sirs:xs V�so:xia A.Dwrsa D000�.ss L.Seoa MIC8�81 H.JEHORI/[IIS TBIIDY R.GeSTEAZOBO R.Swn Devtes ELIZAHE78 J.AND8Ew5 J�nLS W.j,(77uPIELD P87E8 C.Hs*Te Joex B.VL1iDE NOHTH,JH. C8A8LE5 B.RooEas STE�'LN Z.FGPLN OP COIINSEL R�ca�an G.M�aa . R7caesa E.Rrix Axnetw C.BacaEa � SeHOSL A.MOaoex Jseora A.Gars Faer.s N.GaeeeM Srava A.Ba�xa Mr. James T. Hart $EPL, To St. Paul Assistant City Attorney City of Saint Paul 647 City •Hall � St. Paul, Minnesota 55102 Dear Jim: Some time ago you� asked me to provide you with some supporting information regarding our proposed increase in fees for the handling of conventional general obligation bonds for the city. In that discuss,ion I gave you some general infor- mation regarding our billing, but I did not have at my finger tips the precise informatibn. Unfortunately wheri we render a bill we simultaneously erase the computer memory pn the particular files . I have � just learned that, nevertheless, with some effort we can reconstruct that informatibn, but it is time consuming to do so. In any event we have �3one so to the best of our ability and I set forth below for your information the actual cost of doing the work in one c�lumn and in the other column the actual bill rendered based upon the existing fee schedule. i Cc�st of Services Amount Bi11ed $7 , 320, 000 Capital_ i Improvement Bonds $ 3, 580 $ 3, 650 $500, 000 Urban Renewal Bonc�s 4, 448 500 $25 , 800 , 000 Tax Anticipatiqn Certificates of Indebtedness 8, 940 12, 900 TOTAL I $16 , 968 $17, 050 .� , � t �: , � rK BRIGGS exn MOBGAN ' Mr. James T. Hart ' April 22, 1982 Page Two ' . As you can see considering all the issues together the profit is so small as !to be almost non-existant and certainly does not take into account the code of professional responsibility factors in establishment of a fee. Furthermore, as you know there are countless matters that we do not bill the city for which we hope! will be covered by our bond work fees for the city, e.g. time spent on Charter matters, etc. Obviously, the current sch�dule does not provide any margin for these matters and certainly is too low to even make a pass at taking into account the' code of professional responsibility standards . Should you have any further questions regarding our proposal please don' t hesitate to get in touch with me. ' Ver truly yours, ; � � !-'��'� � ! Bernard P. BPF: jat I i i I I � � ... � 2'�8�61 AM�NDATORY AGREEr4ENT . THIS AGREEMENT entered into this day of 1982 between the CITY OF S�INT PAUL (City) , and BRIGGS AND MORGAN Professional Association (Bond Counsel) E , � WITNESSETH: WHEREAS, under date of November 5, 1975, the parties entered Agreement {Agreement) resp�cting retainer of bond counsel and fees for servic2s which fixed the fee for issuance of general obligation bonds of $S00 for any bond issue Iess than $1, 000, 000, and 50 cerits per $1, 000, 000 or more; and WHEREAS, the parties desire to amend said general obligation bond fee provision to one of $1500 for any bond issue of $2 , 00O,OOQ or less and 75 cents per $1, 000 for any bond issue of $2, 000, 000 or more . . NOW THEREFORE, IT IS MUTUALLY AGREED that the Agreement is amended by deleting Paragraph 2 in its entirety and substituting therefore the following: . . "2 . Bond Counsel will charge a fee for approving the issuance of general obligation . bonds of the City 'of $150D for any bond issue of $2 , 000, 000 or less and 75 cents per $1, 000 for any bond issue over $2 , 000 , 000 . " IN WITNESS WHEREOF, the' parties have executed this Amendatory Agreement as of the date fir'st above written . - � 2"18�61 -2- Approved as to Form: CITY OF SAINT PAUL By Assistant City Attorney Mayor By � Director, Department of Finance and Management Services By - City Attorney ' BRIGGS AND MORGAN, a , Professional Association ' By - ; , ' ' � , - � � ' , � : � � , . . ' ,��1 - �� - �,;�`T'°=m, •� � CITY OF SAINT PAU(� �o ��'_; ' OFFICE OF THE CITY ATTC)RNEY �� ►�« ,: ��s� ��"�`r �� EDWARD P. STARR, CITY ATTQRNEY �- '•'• 9 647 City tlall,Saint Paul,Minnesota 55102 0 =.V,,�. GEORGE !A7Lt�ER _ 612-298-512t h1A1'OR ♦ ♦ June 23, 1982 � � To: Joe Hannasch Council Research � From: Jim Har 'v Asst. C�� ttor � y ney Re : Amendatory Agreement for Increase in Bond Counsel Fees '° Per your request, enclosed are two additianal communications from Bernard P. Friel, Briggs and Morgan relating to this matter. Please call P�ir. Friel should you require elaboration on these 1e4ters. The fee of 50 cents per $1,000 of general obligation bond �- issue has been in effect since approval of the November 5, � 1975, retainer contract. About one year ago rtinneapolis amended its bond counsel contract fee provision to allow hourly billings for time spent on all �ut routine general obligation bond issues in addition to a 50 cents per $1, 000 cha.rge. Tax anticipation certificates and tax increment supported G.O. ' s are examples of non-routine issues. It is my feeling that the present _fee rate is inadequate ° ` given cost escalation since 1975 and that a fixed rate increase from 50 to 75 cents will be substantially less costly than an increase measured by an hourly charge for time in additior� to a fixed charge_ Encs . � . a . � � " . i- ' . - , -. . . 2'78961 , . LAW pFFICES � ��u��-. sa,a,��tie--,q,., B A I G G S A rT D AI°O R G �� ' x.�,�a.w=,n. J.`�ttL Morriov . � PROFESSI0IAL ASSOCIATIpN �'�g'y��x `�L`°`""p �ECEtVED Jcmcr F.Saa� R.Lcarrce D.c�� Dwvta G.Gacc�tHa FIInNi Hw�o�o , D��za�.S�.rn iaor�ra J.f�cTe` Brrrr L_8cu B.C.Rwsr 2200 YIRST NATIONAL BA.\H BL"ILDI\G ��ti.as A.H�ot Josv�l.Scusv�a RaccoJ.Nanz�,Jx. Bea+�aa P.FauL ' Asarrs M.Bo�n Bcrr E.Sr�xso:e . , SdIN? PAUL,MIh:CE502A 55I01 �� U� Munx$.F�sa ![.J.G�cYrx.J w- JoM r Eetnxw D.�zo C.Foresaro � � Rosarr I,.D�ns Josw J.�tc\zztr �(��cwarn E.?L�f�¢ Gz��H.Svavwx }T�Ii�L 1' CDF R.SCA)4LR �IC:`EiL�.SLYMGCR,JY. 2452 I D S CEN?ER � � 4aaY L.}rrYt Tzasru�.Doru ��Y Aav�a J.�:�.ax Rrceaaa 8.i:rcc MIA"NEAPOLIS.MI:C;�ESOTA u5402 M�it�a�s�gfi Si eoe Jox..ru.x H.>loocu. J�xa M.Fo�ca�s .Tonx L.Dsexrs � � � � � � R.L.Soa�xso� 8=��x G.Hslast.t � Pena H.Sc� (912) 2B1^1215 Tox:R.Srzxaerot: Pe:cts L.Hrc.e: Ji.a�Setvrxts Eossaat S..ticar.L.H�w�r M�cs�sa 8.Sras�rc: Rox..xa E.Dxe.an ' S�rccPa�T.8asvaiws 3oax R.fiavenc: Apri 1 2�. 19 H 2 R�es�a D.Axasrsos JosM R.Fa�eav.�: I Su.cs!1.Sc000�r D.v�u J.Ssenca■ . J�xcs F.Ca�isrorrct Da.vc�t J.Coae,Jx. � � - A � � � D�t1n C.McDoxat.n pzre=N Svttrs Bacu W Moon Doaoa..s L.Saoa Y�porxL A.D+�rsr H�ca.ai H,Je�or:„cs iacpt R.G�rz�aoxo R.Scarr L�nes Ealsar�a J.Axnreas Jwwas M.Lrrrccneca Parza C.Hwtu Jonx H.1�tv DC�oBTH,Ji. C71�ALtf B.ROOt1g STMH Z.FAPLa7+ � or coc�ssi R�ea,sa G.!La� • Ricwea E.Rnz A�nxsv C.Bacau � � � S�xccL A.Moaoax Jeaowz 6.Gs�� SrrvaA.Haw.va ' Fxa.�YV.Gx.�A.�.K Mr. James Z'. Hdrt gEPLY TO S�. Pau7. Assistant City Attorney City of Saint Paul ` 647 City -Hall St. Paul, Minnesota � 55102 Dear Jim: � Some time ago you asked me to provide you with some supporting information regarding our proposed increase in fees for the handling of conventional general obligation boiids for y- the city. In. that discussion I gave you some general infor- mation regarding our billing, but I did not have at my finger tips the precise information. Unfortunately when we render a bill we simultaneously erase the computer memory on the particular files. I have - just learned that, nevertheless, with some effort we can reconstruct that informatipn, but it is time consuming to do _ so. � In any event we have done so to the best of our ability .- and I set forth below for your informatian the actual cost of doing the work in one column and in the other column the actual bill rendered based upon the existing fee schedule. Cbst of Services Amotznt Bi11ed $7, 320, 000 Capital_ Improvement Bonds $ 3,580 $ 3,650 $500,000 Urban Renewal Bonds 4, 448 500 $25 , 800,000 Tax Anticipation Certificates of Indebtedness 8, 940 12, 900 TOTAL $16, 968 $17,050 ..... _.._ .,._.�...�....�..., . _. �.��,�.__ _ � : —..�_..- _..��.-w..t.�.:�..::.:::...,Yw_.i-e.:::-'r_%.-:�:".w:s."�,: � ` � i . • �` � r . . . � � . � 1 • + � . • . �� BRIGGS A1D MORGAIC "� ` Mr. James T. Hart April 22, 1982 � Page Two . � As you can see considering all the issues together� the profit is so small as to be almost non-existant and certainly does not take into account the code of professional responsibility factors in establishment of a fee. Furthermore, as you know there are countl�ess matters that we do not bill the city for which we hope will be+covered by our bond work fees for the city, e.g. tim� spent on Charter matters, etc. � Obviously, the current schec�ule does not provide any margin for these matters and certainly is too low to even make a pass at taking into account the c�ode of professional responsibility standards . � Should you have any� further questions regarding our proposal please don't hesit�,te to get in touch with me. Ve truly yours, � . 11��1 � . Bernard P, � BPF:jat � � , , + . , _ � ; . _ _ � . � - � , i . � . � , . 2'78961 . :�,T, o.� .. � � CITY OF SJ�CNT Pl�UL E''� '"` ;� OFFfCE OF THE CITY ATTORNEY �� ;�� ._ . ► �: uei'i iiii: ;� . �.; �- �� EDWARD P. STARR, CITY ATTORNEY ,... � 647 City Hall,Saint Paut,Minnesota 55102 611-29&5121 GEORGE L�TIMER M�1YOR . ' March 24 , 1982 , To : EPS ' � � From: JT Re: . Bond Counsel Fees, i, Request for Increase on G.O. Bond Issues Earlier this year Bernie Fr�el gave notice of intent to request a fee increase for general obligation bond issues subsequent to three issues sold in February 1982 . On February 25th by letter . Bernie formally requested ai� increase from $0 .50 to $0 .75 per thousand of issue , noting cbst increases resulting from increased legislative regulation and �n extended period of time without an increase . (The rate of 50¢ I, per thousand has been in effect since the 1960 ' s when Wood, King & Dawson, New York served as the City' s � bond counsel} . 3y note of March 4th he ind�cated that the billings on two February � � issues were in amount of $4� 150 (at the $0.50 rate) with actual time spent at nearly $8 , 000', The February issues were $25, 300, 000 Tax Ar.ticipation Certificat�s ($12 , 600) , $7, 320, 000 Capital Improve- ment Bonds ($3, 650) and $SOO, OOO Urban Renewal Bonds ' ($50Q contract minimum) and total fees bil�.ed were $I6 , 750 . At the new rate the fees would have been increased by $8, 090 to $24 , 840 . City G .O. issues have averaged approx�.mately $10 , 000, 000 over the past . several years . The request�d increase would have increased average fees from $5000 to $7500 . $ond counsel fees are a part of the cost . � � of issue payable from bond sale proceeds . � ' I recommend .approval of request under provision of Paragraph �-- of- the Retainer Agreement. , � � , ; :� • . � � � ' I.A��' pI�I�ICt•:S �3I� ICsGS A ?� r) �1..Q }2G :1 \ MALLC!M: LM��a��uc�.IMFI w�x K,1�'��TM♦ �.�s�� {UNTO� A�� H.k�cur :�Lt Oer►cs ' PROY2:SSI0�\L A550CIATIO\ Jcn�cr F.Snav �.L,.cQenee D.��'1� . AA�Y6 r.GACC!rlrG 'w,►�c B�Y!IU�D � . _ �ARIO D.Swyp .LO�AYD.l.I�[YC� �LTTT L.HI;Y �.C.kL�RT 2200 FIFtST rATIUXAI. IfA�K Hi:IJ.DI�(: f��HLCaR.II�TM0�1 �oN�*l.SC��trw.� �. Rotto J.N��rc�,Jx. rnu�ca P.FM�nc Axnwr�?4.Iwvn scrr E.SY�ru,. SA7KT'PAL'L,?ii�\}.SOT.\ GO101 M��nr ILt'�se 3or�o R�crr.*• �.J.G..iviv.JL. . RoesRt L.L�v�s ).vtD C.Forsrcea -� , .-+ R:cn.wo ii.btawr�x fors J.Hcrec�r Twvar N.ScK�wce ':�ai,D$.5��..bo. � � tc�stt V.ScYwocr.Jr. f�4:u2 I D S CL•'\TER � 3laxt L.t►rtt : ;cacv��,Doru , D��•�o J.Au.cz Rosre t.tturscw f�..�r�z�B��lo�cix M1N2`EAIPUI.IS.?fI��ESUTA u:.-10'2 M�w�rstk.S��woc Je�.xx[ M.Fo�Y�xis toeus L.Deh.ir Hxu�e G.Bzps4s �.L.So�sa aox 'ttx�H.Sar.a (Ot2) 20t-131S Toxr R.STCx�c�ocx ''btu�L.B�c.aa � � �M�f�t Sck�rrvc:Evtxaes iaYCCt LYe.��c� Mu+e�c1,A.Srre�rzs 4o.v�E.Oxwan Srsvze T.BaivL�wy �03M R.I�cranca . . . , . Ricrars D.Axu�iswr )ox�R.F�uaa,a�+ Sata.r A.Scocotx )�na J.5►s�csr MarCh , 4�- 19 8 2 Jaxca F.6as�ssarszt )Jacu J.Co�t.Jn. A�rta C.McS?a��:.a ?nz�N 5�►at,.a � B�CCS W Xooas )ocaus L.Stioa Viactzu b.D.nt� hLcaa:t H.Jcoo.i�ua , Ticar R.Gasruso+a 3.�D..,t, R ECE IVEC� Eu=..«.�.�.Ya,z.� t.a�ee tr.lirres.r�ec.o . Pz�ai C.Aatu Joas B.v,w ns Norra.Ja. Cwctss$.Roar.sc >izve.r 2.Kasi.►�r or cocKSSL 'tce�G.!iara Rte�a E.Rnz !tvuasr C.Hccraa ' 1-� S�xt;YL H.Moaoax )Yw.L A.Gslf . � . ' . . �J�I l V ((�r1�1 � . . � . F=axi 2i.Gx�bwx >rr.a A.Buwa � � � t1 �{Jt/ . _ • Mr. Albert B. OZSO21 BEPLY TO �,cj, 't. Paul city c�erk CITY A�TORNEY City of Saint Paul City Ha11 � - Saint Paul, Asinnesota 55102 � Re: City of St. Paul - $?, 320, 000 General Obligation Capital Improvement Boiids, � Series 1982 City of' St. Paul - $500, 000 General �` Obligati.on Urban Rene�val Bonds, Series I982 � Dear Mr. Olson: I am encl.osing herewith our statements for services in connection with the above referenced bond issues. Again we are happy to have been of service to the city. If you should have any questions regarding this state- ment .please don' t hesitate to get in touch with the undersigned. - . � Very truly yours, - � _ � �G��Zl�;� .;� � . � L . Bernard P . r e� BPF:jat . Enclosures cc: rir. James T. Hart � P. S. I thought I should point out that the enclosed bills based upon the time spent on these issuses demonstrates remarkabl�r well :-rhy our fee arrangement with the city for conventional general abligation issues has to be adjusted. ivhile our billings ror '�hese :.�wo issues total $4,150, the time spent on these issues is nearly $8, 000. When considered together with the Certificate issue we are still uncomfprtablv below our actual costs_ , .� . . . . , 2"78961 LA`� OFFICES �units M'. He�oc�ueev-wrx� B � I G G S ��A � D ��,� ll G �. �T Axnacr C.StcaEa ,Nzt�Mofroa PEOPE5570�sL ASSOC7AT10X `i•T.F�sw�sec au Oeeur Jeraxt A.Gen .Lcaeres D��'IS STL�t 6.Bta7�D ILLI:l E�MMO/:D ' � . � �IAR{ k�,YHLSTRA :o�:�sn J.I�irss • Au.� H.Ywct:� .C.H�rr 2200 FIRST F�TIONAL BA.TCH BliILDI!�G JE►TRLT F.Sna� �ax M.Scuriar. D�vm G.Gfresatxn cn+�a�P.FncL � Dw��n H.Saxa cas E.S��zwr 51�S2CT PAL�TL,MIT"A'ESOTA 85101 Brrrr t�8cr. ,�,G�,��x,��_ CearLas R.Harxoa .vxn C.Foassero ,,.,, Fxco J.!tar�s�.Ja. �sH J.Hcvtsu .wo,�ri.SoKv er.ts H.S��zso► ?i+�er�r 1!.F�ss c�c�L�.SrtMOCa.Jr. 2.iS$ I D 5 CEKTER Joaa Etzrs�:• cacxcs�.Dorcx Roszn L.D�hs �caa�H.krLZ R�caw�a H.?L.xrix oaara.a H.Moxo�x MII.'I�EAPO�.IS,MI2CI�ESOTA 55402 Tscvr H.Scsracs D61� L.DlolLT �n L.If►LL � .L.Sogzraox Dsnn J.Aucr crna E.Sera (�12) 291r721S Aosrx L.S,�vsra: e7Lts L.H:cxu M�.awa=r A.Sav�ot ►�ccL L.H►KSOU B��wx G.BcL�sss ox�tc E.�rcaa�b Tor's R.SrsxsLaoca onn R.lCi�crics . y.axY Scuarnta E�ts:cee oeK R.Fv�n�,.�: Februar 2 5� 19 8 2 H��LL E.STBLTLR �a�7D J.SYL7:CL1 Y . 7 � � $TL�LR T.S�L�•LYSON .►rau J.Cocz.Ja. k7ca�pa D.N:�yssov 2TLY M�SI7iiXf . � � S�1.LY A.$C0601T �. 000us L.S:or Janss F.Ceaisrosni '�eaezi H.JeioxTxvs D.vta C.McDoaaia .Scorr D.oses Baoee M.?SOOn �rEx U.1JTZ1iniLD '. . �'IiO17:L ta.�'TLR oHr 8..�DL�o=T..,•. R E C E f V E D :r�zK z.x.s,..,i u,covxss1 acx�a G.l�Laa . R�caaaa E.Hr�.s S�ltIIt1$.�30lOaJ: Fr�xi K.Gs�xax �. James T. Hart MAR 1 �•�i%� gEPLT TO ._ St. Paul Assistant City Attorney �ity of saint pau� CITY ATTORNEY Office of the City Attorne� 647 City Hall , St. Paul, Minnesota 55102 Dear Jim: As you will recall I recently raised with you the `- matter of an increase in our fees in connection with general obligation issues handled �or the city of St. Paul, and it is for that reason that I write to you at this time. My file indicates that the current agreement between the city and this firm relative to our fees for general obligation bonds was entered on November 5, 1975 . That agreement provided � that fees for approving an issue of conventional general ob- ligation bonds of the city would be at the rate of 50� per $1 , 000 of any bond issue of $1 , 000 , 000 or more and for an issue • . of less than $1, 000, 000 would be at the flat fee of $500. While that is the current agreement, I am sure that yo�sr records will reflect that our fee arrangement with the city since we be.gan representing the city as bond counsel in . the early 1970 ' s has been at the 50� per $1, 000 rate with some � floor with respect to smaller issues . Bond work for the city is obviously more complex, even the conventional general obligation issues today, than it was in the early 1970 ' s . That complexity has resulted from the anvent of federal regulations, principally the arbitrage f � ' I ... � . BRIGGS Axn MORGAN , �j�g�Js1 r�� Mr. James T. Hart � February 25, 1982 Page Two .� regulations and constantly changing provisions of state �1aw make even the simplest of g�neral obligation issues very often subject to statutory fortnuZas that did not exist 10 years a.go. Obviously it is �also true that during that space o� time inflation has �taken 3ts to11 on the cost of performing these services for the city: Whilae it was once thought that the ever increasing size of �bond issues would take care of the inflation factor (:somehmw it never did) it is obvious that the size of bond issue� is no longer on the increase. In any event the present �ee �arrangements, wi�ich have been in place for almost 10 years, �o longer adequately cover the increase in costs we have had during the same period of time. In view of the foregoing, � we are asking that the rate on future conventional general obligation issues� be 75� per $1, 000 with a minimum o�' $1,500 for any bond issue of $2 , 000 , 000 or less. We propose that this revised rate structure go into effect with respect, to all issues closed after the closing of the current capital improvement and urban renewal issues . • From time to time unconventional general obligation �` bonds such as the general obligation tax increment bonds and . general obligation refunding bonds heretofore issued and the proposed civic center bonds require a separate fee arrangement because they are so unique 'and require such an extraordinary amount of time and research (including at times legislative drafting) . As has been our custom in the past we will keep you advised of such issues so that separate fee arrang�ments can be made in a timely fashion. . I might say that we have not singled out the city - of St. Paul, among other municipal . clients for an increase. . � �� .i•�e have, in the past several montY�s, undertaken to revise � our fee schedule consisten� with that set forth above with � ot?�er municipal •and state �lients for whom we do significant amounts of bond work. ; . Please don' t hesitate to get in touch with me should you have any questions regarding the foregoing proposal. Very truly yours, , � ��//�/�1r/�� '✓,'vL�,i��.'/ � �3'�`-� Bernard P . Friel BPF:j at .�•T'�. CiTY C)F SAINT PAUL � �, " � OFFICE OF THE CtTY ATTC�RtdEY o � �` � �n�i�ni - • - '� tl{I I!I III c S �: `'1-�- _ ,. EDWARD P. STARR, ClTY ATTQRNEY �••�� 647 City Hall,Saint Paul,Minnesota 5510� GEORGE LATIMER 6t2-298-5121 MAYOR \ September ll, 1981 iQ O�'`��`i `r�q �CF��i . . q'1' F'° �F .�' FO Councilman Leonard Levine O�9�T��F��r g�,g 718 City Hall ,� �"9G'F��'��0�� St. Paul, Minnesota 55102 FNT '`�i,�;cT O Councilman George McMahon SF'QL�� 716 City Hall Fs. St. Paul, Minnesota 55102 Gentlemen: Enclosed per your request is this office's January 15, 1981 bond counsel report to the Finance Committee. Bond counsel must be competent in both mu�nicipal. bond and tax law � specialties and enjoy sufficient reputation as to competence and judgment for the bond buyer to risk his money on the basis of his opinion that the bond is legally authorized, properly issued an� that the interest income on the bond will _be exempt "�"- from state and federal taxation. � It is only in the last fifteen years that the bond market has recognized such competence might exist outside a very few Wall Street law firms . Your estimate of the time it might take a firm to build this kind of customer confidence would be as good as mine. There is no market acceptance of a municipal attorneys opinion, which in fact is given the legal- ity and propriety of issue of a bond and assuming requisite competence could be given on the tax aspect, as the municipal- ities interest in concludina� a successful bond sale carries to i attorney in the purchasers view. Y s very , DNARD P. STARR City Attorney ' Encs . - - _ * cc: City Council Members (� .:� t Mayor Latimer � /James Bellus � Y � �/Bernard Carlson � , , � � � . '.:o,T;o':. �. , �: � CITY OF SAlNT PAUL � ='�r` ,,., �:'-. OFFICE OF THE CITY A►Ti`ORNEY 'o 'J� : ._ _ '�: ;�;;';;;'�; :` • EDWARD P. STARR, CITY ATTORhEY .:� I_1 _ �.' - 647 City Hall,Saint Paul,Minnesota 5510� .. ••'; ,.- 612-298-5125 GEORGE LATIMER MAYOR January 15, 1981 - Councilman George McP�iahon Chairman ' Finance, Manager.lent and Personnel Committee 716 City Hall Saint Paul, Minnesota 55102 RE: P.eport on Selection of Bond Cour�sel and • Bond Counsel Fees _ Dear Councilman Mcbiahon: . This report is submitted per City Council and HRA Board request for information on bond counsel retainers and fees since 1975, the date of the Bond Counsel Retainer Agreement between the City and Briggs and !�iorgari Professional Association. Under this Agreement the City has retained Briggs and Morgan on a continuing basis as its bond counsel with fees fixed at a rate of $�J.50 per thousand of bond issue unless a particular issue would in bond counsels judgment command� a higher fee in whicn case the City Attorney could approve a higher fee as in his _ determination was justified. 1975-1980 City Experience _ Under this Agreement annu�al issues and fees have been: Year Bondjs Issued Bond Counsel Fees 1975 $12 , 00O ,O�JO $ 6 ,000 _ : 1976 30 ,790 , 000 60, 350* 1977 7, 180,000 7 ,100 1978 9 ,j450, 000 6, 850 1979 119, 325, 000 137 ,050** 1980 10,710, 000 5,300 i * Included a $14 , 590, OOOIrefundinq of outstanding G.O. Bonds. The bond counsel fee of $51, 000 cvas paid by the Underwriter from the arbitrage . ' ** Included $97, 940, 000 for the BM,IR and B!�SHR revenue bond issues with $110, 000 in fees . BhIIR fees were paid from under4�riters discount; Br4HR from bond proceeds. . . R��•`~J��tii� ' . I .. . "� �� -. . � �'. 2'�895� Page 2 . 22 bond issues of $189,455,000 have been involved. Bond eounse� fees for these- issues have' totaled $217 , 350* at an average rat� of $1.15 per thousand of issue. These are identified as follows : Nur�ber of Issues �pe Ar.iount Fees Fees per $1.•`. 1 3 Conventional G.O.'s $58,430,000 $29,150 $0.499 2 gefunding r.0.`s 19,890,000 61,000 3.07 2 �� Re�� g7,94�,000 1I.0,000 1.1?_ (B:�uR, nr�t) 2 Water Reveriue 4,130,000 7,700 I.86 3 �ax Incre�ent 9,065,000 9,500 1.05 G.O.'s 2 2 $189,455.000 $217,350* $1.15 The City' s Fiscal Consultant evaluates the $1.15 per thousand average � rate as very reasonable p�rticul'arly in view of two refunding issuzs. If the two refunding issues are not included the average fee per thousand on the remaining' 20 issues was $0 .92. The City of biinneapolis has exclusive retainer arrangements with one bond counsel firm. Fee arrange:�ents are $0.50 per thousand for conventional (net debt) G.O. bonds, and $0.50 per thousand base fee plus time and charges for actual work and expenses on ta;c increinent and other non-conventional issues which are runnina up to $2 .00 per _ thousand per such issue. , Saint Paul' s retainer fee arrangement is the more favorable in , both its terms and its fee charge eYper- ience . _ , 1977-1980 HRA Experience, Between 1977-1980 the HRiA Board has approved the retainer of Briggs and Moraan on 15 revenuei bond issues or tax exempt mortgage place- ments for housing and coimmercial development projects. The private placement, distinct from public sale involves bond counsel in the negotiation and drafting of a complex set of multi-party agreements in addition to services �provided in conventional bond issues. This activity is time consuming which is reflected in the bond counsel fees allowed for payment+ by the project developer. � � * Does not include a sp�cial retainer in amount of $15 ,000 for actual time on an IRS, ruling request for a orospective District Heating bond issue to�, be reimbursed or post closing services of approximately $10,000 on the BMIR and BbIHR separately requested by pED payable from 5ervice fees collected by the City. � .,` � , ~ ��. � 278961 . , . ... . Page 3 Annual HRA issues and fees paid by the developer to Briggs and Morgan as bond counsel caere: Year Bond's Issued Bond Counsel Fees 1977 $ 3,200,000 $12 ,500 1978 750,000 8,500 1979 14,'950,OOQ 62,107 1980 20,551,000 82,550 By type these issues breakdown as follows: Pdumber of Issues Type Amount Fees Fees n�s $1,0� 11 Gommerica,al Dev. $22,150,000 $110,850 $5.�0 _ 4 N�using 13ev. •� 17,301,000 54,800 � 3.I.7 15 � $39,451,000 $1�r4-,-800* $4-i8 1(.si�Sb �(�2.4 In four other HRA issues other bond counsel** have been retained by the Board of the following types: Number of Issues TvDe Amount Fees I'ees �e._.r $I,OC 2 Corr�ercial Dev. $ 3,350,000 $16,600 $4.96 2 Housing Dev. 24,000,000 32,800 1.37 4 $27,350,000 49,400 1.81 Rates for commercial development issues at $5 . 0� and $4 .96 per thousand are cor�parable. The circumstances involved in the latter noted housing issues mak� them more comparable with City issues by public sale. One of these housing issues in amount of $14 , 000 ,000 was sold at public sale bn a Aa rating. The other was privately placed in tandem with an issue by the City of Minneapolis for a development of comparabl� size. The ability of the developer to neqotiate a most favorable bonc� fee with a Zisted Minneapolis bond counsel for both issues,lwa5 the basis for recom.mendation and selection of the firm on the HR�1 issue. ; * Does not include $17,925 in fees paid nriggs and :iorgan by developers for service�s rendered on proposed issues which for various reasons did not close. ** Faegre, Benson; Holmes & Graven; Stoplestad, Erown & Smith; and Dorsey, Windhorst,� Hannaford, Whitney & Halliday, � . �., � - �'78961 � + :- . . .,. . C:. Page 4 . - There is no convenient published record of bond counsel fees. Information in The Bond Buyer lumps such fees with other costs of issue in abstracting information on bond public offerings and sales. In private placements there is seldom any infor- mation published. In private placements time and hour charges by bond counsel are prevalent, and an element of negotiation on fees between the borrower-developer and bond counsel exists. In City issues and large ,HRA housing issues more than one bond counsel firm will be involved r,�presenting the underwriter as well as the issu�r of ' the bonds. From my experience on such issues there is lit�le variation by firms on fee charges. Criteria For Bond Counsel Selection. Inquiry has also been made as to the criteria by which this � office makes recommendations for bond counsel selection and as to the nu:nber of requ�sts received from law firms f�or consideration as bond counsel. The criteria on which this ofrice makes recommendations .are (1) that the firm has suf�icient competent personnel to a�t as bond counsel, (2) that the firm has acted as bond counsel and rendered a recent opinion on a municipal bond issue which resulted in a sale, and (3) that the firm is acceptzd as co�petent to act as bond counsel by the prospective purchasers of the issue. . Listing in the Directory' of P�unicipal Bond Attorneys published - by the Bond Buyer is evi�lence that these criteria exist par- ticularly in the case of a bond issue by public sale . For privately placed bo�nd or' tax exempt mortgage issues, indepencent evaluation of an unliste� firm is made by this office. In the past two years in which the writer has been assigne� responsibility for City 'bond issues , three inquiries have been made by laca firms lookin,g to get into bond courisel activity. Only one of these firms submitted a bond sale transcript and resumes of attorneys to be assigned. This firm was retained by H� for a commercial development revenue issue and has subsequently become listed in the Directory of P4unicipal Bond Attorneys. While open to encouragement of new firms in the area of bond counsel practice, this office, the Administration and Citl Council must also be concerned with the competentcy, ability to timely perform, sensitivity to public eoncerns in the use of the City or HRA' s tax exempt status, and the perceotion of the firm in the bond ma�ket place . In circumstance5 wh•_:-z fees are comparable and comp�titive, as is the �resent case, these concerns, in the writer's judgment, take precedence. ,,, ,; �. i� �- �- �. . 2`78961 . . _ Page 5 , . The retainer of Briggs & Morgan for City issues has proven consistent with these concerns. The exclusive character of the agreement has had several results of advantage to the City. Fee costs have bee}'� competitive. The firm has con- sistently recognized in the relationship that the City or HRA and not another party to the issue is its client .* The continuation of the Agreement and the level af HRP, and Port Authority retainers has assisted thert in staffing and main- taining a bond department of ten�attorneys** the efficacy of which has been demonstrated in the quality, quantity and timeliness of their perfo,rmance. This firm has been generous in providing innovative advice and assistance to the Adminis- tration, PED and this office � in areas of ne�� programs, legis- lation and willingness to proceed at risk on new projects . . It has been the most sensitive to matters of public concern of the several firms we have dealt with as bond counsel: Yours_ very trul,y, ' James T. Hart Assistant City Attorney " ' cc: r2ayor Latimer �ity Council members - Edward P. Starr James Bellus s3E�aeo c.�4aFs�►� * .iost bond firms act variously in separate bond issues as attorney for the developzr, the under�oriter, the lender, or as bond counsel which can result in confusion of loyalty as to past, present or', future client representation. ** Onlv one Twin City firtn has a larger bond department, hoc•�ever, unlike Briggs & Morgan, it is engaged in a mul.ti-st�te bond practice . I Wt11TE —CITY nRK * � ., � . ' PI N K — F:N �E G I Y O F S A I N T PA IT L Counci! �� C(1NARY -�Q� ApT41ENT . . � BLUE —';: OR . File . �'1�. .. - = , -- � cil .�Zeso�lu�io� _ � _ 2r8�61 Presented By � ` Referred o Committee: Date . Out of Committee By Date RESt#LYSD, that the la� �irm-oi Brig� & l+iorgan, W-22E3Q _. " Fir�t 3�I$tiona2 Baa3c B��3ding, Sain� Par�I, .Mixiinesota� . i�� herebg_ : . -_ - - _ appo�tnted an+� des��ted a� ,bons� cts�a9el �o� t�e� City o�' Saint _ _ - Panl with resgect tc� any serfesr o� bands sQ2� bg ther- C�ty� o� - . . �'` - -- � ' Sa3nt Pa�� iraqs aad a�ter tbe e��eet�ve date o3 t2��s reso�ut:�onE,.� -- _ - .c�ntil s�a1� tins� as th� Counot� shall otherw�se �T@9{TY�b@� and - _ -. ,__ ..be it ��`; FiTBTBEB RESf3L4ED, that �the� aut3�or�zed ofiieers o� the� Citp � ��flY= Ssint Paul sre herelyy diseeted and anthor3zeci ta exeoute� an � y a�ree�ea�t bet�e�een the C�tg o� Saint� Pat�i aac� Br.lggs 8� Morgau -: la�r '#�x�r, a oopy oi snah agreeaent being attaohed heret� and snoh saree�ent oon�aining t�s terua o� t�e agrae�ent, �uxaludi� �*�e conpsnsatioa to �re paid to Brigg9 & l+�o�ga� lax Yir�. �. � � _ . , - � �'�r' -�l�'a,� �,�-c�-�-ZC� .�� COUNCILhiEN ' Yeas Nays � . Requested by Department of: Christensen � � Hmzt In Favor bca�iwr� Roedler O . Sylvester Against BY �''+�. TA.3��. President�$ SozZ$ ��,"�' � � ��,,.. Form Appcoved by City Attorney ,_._ Adopted by Council: Date � ,� � : , Certified Passed by Council Secretary BY �'� -� r '� ' �� t��'''�r� ' '�� Bs, �" � ± � Approved by tilayor• Date �'� �2 '�S� App�oved by Mayor for Submission to Council E3y BY . , Date November 5� I975 � 1U: Mr. Pierra N. Regnier . F. . �� City Atto��,y • 9�1 647 City HaLL Attention Betty Lassen bear Si�r: --- I ai�� tranymittin�;, Itcrewltl�, ; 3 cupics uC an a�reenent (describccl belo:�) wliich I have countersignecl. Tlie agreer,.ent is authorized by: —�� ' � �' . Since my office is charged with tpeing an office of record in thesz matters - ' � I will appreciate your cooperation in re[urning�the co;,ipleted original agreement - - to the Dept. oL Finance & Pianagec�ent S�rvices - Accounting Division, I09 Citg HaLi: _ ; D�scziption: Agresment with Briggs and Morgan to perform professional leqal services in i . matters relating to the issuance and sale Rooer A, rlattson, Directoz of bonds by the Gity of Saint Paul. Finance �. Manage�ent Services .�' By , , Yi ;° . � i � �� - `, � �� ` �,� '�_ : � 1_` - • � � � . � �i� � , . i � �. ; - ', _ . i • • j , . ! . i . . . . . . i . . • � i _ � • i ' i � I , � i , ; . , � • . � i - . . . . ' ' C1TY U�� V��_ 1�� s� -. ' � � �j � :�� .. � •.r eas��»�� '� . �a9��saaa�s�r � a?��9="°`�� A� C I T Y O F S A I N T P�U� v�s Ao � -o.a• OFFICE OF THE CITY ATTORNE.Y Navember 5, 1975 PIERRE N. REGNtE� � Roger A. Mattson, D'rector Finance & Managemen Services . ' 113 City Hall ' Saint Paul, Minnesota Dear Sir : '� We enclose herewith for filing fully executed agreement between the City and Briggs and Nlorgan to perform pro— fessional legal serviees in matters relating ta the issuance and sale of bonds by the City of Saint Paul, said agreement dated November 5, s975, and authorized by Resolution of the Council� C. F. 266224, dated Octoher 22, 1975. I have transmitted a copy of the - agreement to bond cbunsel. , Ve truly yo , ' � .iC�/��. PIERRE N. REGNIER City Attorney ', b1 Enc . '� I City Hatl, Saint Paul, Minnesota 55102 612 298-5121 ' � �� . � 2'78g61 AGREEMENT ' THIS AGREEMENT, made and entered irito this �if th day of November � � 19 75 , by and bet�veen the CITY OF SAIIvTT PAUL,, a muni�cipal, corporation (hereinafter ' � referred to as "City") , and BRIGGS AND MORGAN, a professional � ' asso�iation (hereinafter referred to as "Bond Counsel" � , � WITTTESSETH: WI�EREAS, City has, p�trsuant to the provisions of Chapter � 5 of its City Charter, appoix�ted Bond Counsel to perfoxm pro-. fessional services in matters relating to the issuance and sa�e of bonds ; and . � � WHEREAS, Bond Counse� has been consulted by City on a ` continuing basis in connection with the da�elopmertt of tax increment �inancing progr'ams and other related matters in- volving complex and novel, legal proUlens not customarily associated with the performance of legal services i.n bond matters ; and WHEREAS, the City Attorney has requested, pur�uant to � the provis ions of Section 5 of the Saint Paul City Charter, that an agreement be entered into to allow the City Attorney to utilize Bond Counsel 's legal services as hereinafter set forth, . NOW, THEREFORE , in consideration of the niutual covenants herein contained, it is agreed by and between City and Bond Counsel as follows : ' . M � ��rllVV� 1. Bond Counsel agre',es to continue to render to Ci�;y general consultation servijees on bond-related matters for which no fee separate from the fee charged for its bond approving opinion will be charged, except on those unusual A . . -- occasions when, due � to the complexity and novelty �of the legal issues involved, Bond Counsel shall submit a wri�ten request for authorization 'to the City Attorney setting farth the basis for extra comper�lsation. Upon concurrence the City � Attor�ey shali by letter aluthorize the services to be per- formed and authorize the qxpenditure of funds to pay a separate fee for such ser`+ices at a rate of �40 to �50 an hour, depending rapon the a�ttorneys assigned by Bond CounseZ to handle the matter. Sudh fee would be in addition to the fee charged by Bond Couns�l for a�proving the issuance of general obligation bonds i�n the City as hereinafter provided and may with the approval of the City A-ttorney include legal . services he retofore rendered by Bond Counsel in connection with the establishment of the City' s Dawnto��rn Development District or any projects �,�ithin such districts in an amount not to exceed �1,500. ' 2. Bond Counsel will charge a fee for approving the issuance of general obliga.tion bonds of the City of �500 for any bond issue less than �1,000,000, and 50 cents per �1,000 for any bond issue of �1,000,000 or more . 3. The fee for servi�ces rendered by Bond Counsel in _2_ i , � � � . . 2'789�61 connection with the issuance of industrial or commercial revenue bonds shall be determined by separate agreement entered into by the City, �',the proposed tenant, and the underwriter. - � A . . . � � � .. - . . . �t. This contract may be terminated at any time for any - reason by the City of Saint Paul by resolution duly adopted by the Ci�ty Council of the City of Saint Paul. IN WITI�TESS WHEREOF, the parties hereto have executed � this Agreement as of the date first above written�. CITY OF SAINT PAUL � By .. May � . . ....� By . •� Dir.ec or, epartment of Finance and Management Services ' BftIGGS AND MORGAN, a Professional Association By �G'1�-yt , ..�.,�.�,�- � � ��= . 0'�� . .� � _�_ . . . ',I . ' � . . . . � „ , �� .. . � • ..., �� . STATE OF AiIN\TES OTA) j ) ss. �COU�'T�C' OF RA.AISEY } c �On th i s ,.7J�� day o f ��'�-�- , 19�r before me , a Notary Public within and for said County, appeared . Lawrence D. Cohen and Rog 'r rlattson, to me personalYy known, who, being by rae duly swo�n, did say that they are the A1a�for and Director of the Depart{ment of Finance and Mana�ement Services, respectively, o�' the City of Saint Paul , a municipal �� corporation, that the seal affix�d to the foregoing instrument - is the corporate seal of said municipal corporation, and that � said instrument was signed and sealed on behalf o� said muni— , cipal corporaption by authqrity af its Council, Resolution �Ta. _ � _ �� c�-o"'--}'" , and saic� Lawrenee D. Cohen an.d Roger ��. riattson acknowledged said in.strument to be the free act and . ' � deed of said municipal corporation. - � � /'� - - �� __ .__ . . . . .. . . . __.Y - � � ::��.-��f :. _.��_�; � �'_�-.: .'r ta;`:' _.�;.>'•.,;•v� :;:v c::Putcs .= < ��..':�i t.�:;i :.. :�;3 -.- Ik�iYr,y's'?r:��:% ,�'ir,r,ir.iti�3t?'rri'T7rL . � STATE OF MIN:�TESOTA 3 . SS. COUNTY OF ftA1��SEY ) � fln this 24th da� of Octo�er � 19 75 � before me, a Notary Publi c� within and for said County, appeared Frank Hammond � , to me personally known, who, being by me duly sworn, did say that he is the President � of Briggs and Morgan, a professional association, and that the seal affixed to the foregoing instrument is the corporate seal. of said professiorzal asso iation, and that said instrument tcas signed and sealed on beha f of said professional association as Bond. Counsel by author , ty of its Board of Directors, and Sa.ld ' Frank H�mm�nd acknowledged said instrument to be the free act and deed of said professional association. , � � •�•r i--a a----� .' :f ,1-L--L�-L- t -�- ` _.-��, LORRA11�iE L. BOUR5IER � , �i� �� NOiARY PU$UC—MINNESOTR � RAMSEY COUNTY _4_ �� My Commission Expires Oct.31,t93t ,..-- ,.;; ;,::: , , CITY Q�e` S.�.IN'T PAUL ,�+�-��pQ ,;%. '..:�,. Itr/V a,.��. f' � g. '' OFFICE Q�+` TFxE CITY COUNCIL �1. �.�l;� �.��. . . ['1� f,1� i1:j�_ ��v � ! ` A ' .~� ' � •,��.::>;:' �.': ;;��.�.r3::�� ' '� ' , � �r.:' Dd t e : June 18, 1982 - J+ . �?'�E-�,;, y,r;; . � , �- CQf�i� � �TTEE REPURi' ` .. � : � TO : Saint Poul City Counci[ F R O M = C o m m i fi t e e O C1 FZNANCE, MANAGE,MENT & PERS ONNEL' � ►Tames� Scheibel ,'chairm�n, makes the fol (owing . repori on C.F. � Ordinunce ', [x� Resolutior� [� Other � T t T LE : Authorizing an Amendatory Agreement between Briggs and b9organ Professional Association for bond counsel . services so as to increase fees for issuance of general � �. obligation bonds from 50 cents ta 7S cents per thousand. COMMITTEE ACTION: Laid over to allow for further • review. �I � . � �;. , �, `i; �� —E' t � c/ '�,..� Cii`� -. ',:.'. �G�'.;�t�T i'�,�)l);? 1;1��i[ T�r�T.;�_ ?�i�,�i•-y:�i:�� >:tl= ,,, .,r :li . . �....-,.._... .; ' . � . . � .. .. . i . . .. .-_... _.. � 9Gi /�i ___�.--- - _ __ _ _ �� . � ! �" � =� ��`�� _ � _ _ _ _ __ -_ __ _ __ _ _-- - MHITE - CITV CLERK PINK - FINANCE G I TY OF SA I NT PAU�L Council CANARV - DEPARTMENT City Attny/JTH File N O. oun i�l Resolution Presented By � `� ' Referred To Committee: Date Out of ittee By Date RESOLVED by e Counci� of the Cit Saint Paul that the proposed Amendat y Agr ement een Briggs and Morgan Professional Associati an t ity for bond counsel services amending the parties Agre of November 5, 1975 in increase fees for issuance of era bligation bonds from 50 cents per thousand to 7 ents pe� t usand is hereby approved on behalf of the ty for exec�tion its proper officers. I I I I I , COUNCILMEN I Yeas Nays Requested by Department of: In Favo�r __ Against I B — I Form Approved by City Attorney Adopted by Council: Date , Certified Yassed by Council Secretary BY �� gy. t#pproved by iVlavor: Date _ Approved b Mayor for Submission to Council BY - — --!— BY b�`'---,1��`� ��Tt�=� ` . . 2�8961 AMENDATORY AGREEMENT THIS AGREEMENT entered i,nto this day of 1982 between the CITY OF SAINT PAUL (City) , and BRIGGS AND � MORGAN Professional Associati�on (Bond Counsel) , � WITNESSETH: � WHEREAS, under date of l�ovember 5, 1975 , the parties entered Agreement (Agreement) respec�ing retainer of bond counsel and fees for services which fixed the fee for issuance of general obligatio� bonds of $1500 fo� any bond issue less than $1, 000, 000, and SO cents per $1, 000, 000 or more ; and WHEREAS, the parties desire to amend said general obligation bond fee provision to one of� $1500 for any bond issue of $2, 000, 000 or less and 75 c�nts per $1, 000 for any bond issue of $2 , 000, 000 or more. NOW THEREFORE, IT IS MiJTUALLY AGREED that the Agreement is amended by deleting Paragraph 2 in its entirety and substit- � uting therefore the followimg: "2 . Bond Counsel, will charge a fee for approving the issuance of general obligation bonds of the City; of $1500 for any bond issue less than $2, OOO,i000, and 75 cents per $1, 000 for any bond isswe of $1, 000, 000 or more . ° IN WITNESS WHEREOF, tY}e parties have executed this Amendatory Agreement as of the date fi,rst above written. � . . ' � : � � � 2'�8961 ' -2- Approved as to Form: � CITY OF SAINT PAUL • ' BY Assistant City Attorney Mayor I� By � Director, Department of Finance ' and Management Services ' By , City Attorney BRIGGS AND MORGAN, a ' Professional Association By � `� � . � CITY OF SAINT PAUL 1TT p� , � ,.... �:'-, ' . ' OFFICE OF THE CfTY ATTORNEY ;� ' ri'i,iii :r EDWARD P. STARR, CITY ATTORNEY r R � ^� �� 647 City Hall, Saint Paui, Minnesota 55102 612-298-5121 tGE tATiMER �,_I� � ' �� MAYOR � �y ' � � / � March 24 , 1982 ' ; To : EPS From: JT Re: Bond Counsel Fees , Request for Increase on G.O. Bond Issues Earlier this year Bernie Frie'1 gave notice of intent to request � a fee increase for general obligation bond issues subsequent to three issues sold in February, 1982 . On February 25th by letter Bernie formally requested an increase from $0 .50 to $0 .75 per thousand of issue , noting cost increases resulting from increased legislative regulation and an extended period of time without an increase . (The rate of 50¢ per thousand has been in effect since the 1960 ' s when Wood, King & ' Dawson, New York served as the City' s bond. counsel) . � By note of March 4th he indi�ated that the billings on two February issues were in amount of $4 , 150 (at the $0 .50 rate) with actual time spent at nearly $8 , 000 . The February issues were $25 , 300, 000 Tax Anticipation Certificate's ($12 , 600) , $7 , 320 , 000 Capital Improve- ment Bonds ($3, 650) and $500,, 000 Urban Renewal Bonds ' ($500 contract minimum) and total fees bill�ed were $16 , 750 . At the new rate the fees would have been increas�ed by $8 , 090 to $24 , 840 . City G .O. issues have averaged approximately $10 , 000 , 000 over the past several years . The requested increase would have increased average fees from $5000 to $7500. �ond counsel fees are a part of the cost � �f issue payable from bond sale proceeds . I recommend approval of req�aest under provision of Paragraph �- of tne Retainer Agreement. . L 11�• V i S 1 V i✓ BR7GG5 i�ee�-�e�e� . B � I � G S A � L �� O i> � �� T ��(�� A1tDREV:C,BLCHLB f1 �S.T.Fw87ATSEL 87Or PBOF,ESSIO:�AL ASSOCIATIO'.� v JER4ME A•GZ75 cyD.�•�� • � , . Sre�•e A.Ba�xn �SARH M'.M�p5T8A �MOAD AIw,\ H.�SdC1T� �.}1LTL5 '' 2200 FIRST NATI02�AL BA..'�8 BL;ILDII�G Jcrraer F.Saev De�lD G.GALLT'IrG •�.CLLT�� I DwC1D B.$eXD P.F�u Sx�:so� SAIT'T PAUL,MINNESOTA 55101 Bsrrs L.Bna i�zr.Jn. Ce�ALZS R.fS�Yros ;,.Foasaceo r • Rocco J.!�f�rre�,Ja. . _v:nau M.Bora �.�SC�LEL7 "� �R711: �.FISE �D H.SM'��EOa iL�'.Sn•woca.Ja. 245� I D S CET"TER JOA%BLLTLae .Z.cc�.DoYic Aoaiar L.Davis RICMBD H.Me8T3�� aaan H.l+rLC MINICEAPOL.IS,MI2.'I:ESOTA 85402 Tavns H.ScsaoFa ;,ure.x H.Hoacur �e* L.Dr��:rr Mear L.IFPLL ..L.Sorta soa Aoan: L.�szt: 'ESLII S.SELD (BI`2� 2QI'�ES.S PHI11P L.HBS17:L8 � B 1R w�: G.BLL sLE G= S�![IILL L.S�r50� TOT:T R.S7ETlHPBGE@ Rox�t,n E.OacaeaD ALer SC6�1T.'Y8 E�-in�ce ''°"" R."t''L"`E February 2 5 , 19 8 2 .I06T R.F�cniu.� MlC1LL1 H.STHf67ER D��1D.1.$YLaCYB S7L�'CX �(.$plcpgSpT Dar.tci J.Coic.Ja. R�caasa D.AJ:DERFO� p�Lg M�S1PEIr5 'i . SwI.iY A.SCOC+OST' DO001►5 L.SY08 � JeMES F.CBTISTOT7YL ?licsazi H.Jcaoxtxoa , Devin C.McDo�ein BsocL ti.Moorr R.Sccrr Da�es Vtaon:�e A.Dwrna .Tares K.I1rrLCnsin ' R E�E 1 V E D Joar B.�'��DC 1o8T8.J8. OP COUNSPl STL�'LN Z.li�suH i Ricaaan E.Hsu ��g�yiD G,t�Lni S�IiVYl H.MO@G�a Faaxs ti.Gp•�•w �. James T. xart MaR � �,'�� BEPLF TO C�t. Paul Assistant City Attorney c�ty of Saint Paul CITY ATTORNEY Office of the City Attorney 647 City Hall . St. Paul, Minnesota 55102 Dear Jim: As you will recall I recently raised with you the matter of an increase in our fees in connection with general obligation issues handled for the city of St. Paul, and it is for that reason that I wri�te to you at this time. My file indicates that the current agreement between the city and this firm rel�ative to our fees for general obligation bonds was entered on November 5, 1975 . That agreement provided , that fees for approving an� issue of conventional general ob- ligation bonds of the city would be at the rate of 50� per $1 , 000 of any bond issue of $1 , 000, 000 or more and for an isstie of less than $1, 000, 000 would be at the flat fee of $500 . tiThile that is the current agreement, I am sure that your records will reflect ,that our fee arrangement with the city since we began repre�enting the city as bond counsel in the early 1970 ' s has been , at the 50� per $1 , 000 rate with some floor with respect to sma�ler issues . Bond work for the city is obviously more complex, even the conventional general bbligation issues today, than it was in the early 1970 ' s . Tha�. complexity has resulted from the advent of federal regulat�ons , principally the arbitrage i ��$ RIGGS t,rn MORGA?3' Mr. James T. Hart � February 25, 1982 ' Page Two . �� regulations and constantly �hanging provisions of state law ; make even the simplest of general obligation issues very often subject to statutory forinulas that did not exist l0 years ago. Obviously it is al!so true that during that space o� time inflation has taken its toll on the cost of performina these services for the city. While it was once thought that the ever increasing size of bond issues would take care of the inflation factor (somehlow it never did) it is obvious that the size of bond issues is no longer on the increase. In any event the present �ee arrangements, wi�ich have been in place for almost 10 years, no longer adequately cover the increase in costs we have hiad during the same period of time. In view of the foregoing, we are asking that the rate on future conventional general obligation issues be 75� per $1 , 000 with a minimum af $1, 500 for any bond issue of $2 , 000 , 000 or less . We propose that this revised rate structure ao into effect with respect to all issues closed after the closing of the current capital improvement and urban renewal issues . ' � From time to time unconventional general obligation bonds such as the general obligation tax� increment bonds and general obligation refunding bonds heretofore issued and the proposed civic center bonds require a separate �ee arrangement because they are so unique and require such an extraordinary amount of time and researcY� (including at titr�e.s legislative drafting) . As has been our custom in the past we will keep you advised of such issues so that separate fee arrangements can be made in a timely fashion. I might say that �e have not singled out the city of St. Paul , among other municipal _ clients for an increase. - ��e have, in the past several months, undertaken to revise our fee schedule consisten�. with that set forth above with - other municipal and state clients for whom we do significant amounts of bond work. , Please don' t hesitate to ,get in touch with me should you have any questicins regarding the foregoing proposal. Very truly yours , , � � �/ /n/'�\ �.f�� '�;��' ' Bernard P . Friel BPF:j at , � > '� � t � , DEPARTPRENT: City Attorney � � � � CONTACT: .,�im Ha�rt . RUL�TIWG ar� EXPLANATI�N SHEET PNONEs 29 -5 , REEN SHEET `1�� 1� 'For Administrative Orders, esolutions, Ordinances a Ag�reements :�.- - ROUT2N6 ORDER - ROUTE BY ASSIGNF_D N!M1 SER: 9w �p� L ,� �� . RECTd OF MANAGEMENT MAYORS OFFIC� 2 MAYOR ,DEPARTMENT DIRECTOR 3 D1REC70R, F`INANCE 8 MG7. SERVICES CITY ATTORNEY 4 :CITY CI.ERK - . .. _ 1 BUDGE7 DtRECTOR � dl�- ��1- z�l-52-- Signature for introduction of esolution �. Increase bond counsel fee from 50 eents to 75 cents per $1, 000 � of bond issue by amendment of etainer Agreement with Briggs and - Morgan. . . Based on old 1982 G.O. issues including Tax Anticipation Certi€icates) bond counsel fees would increa e from $16,750 to $24,840 per annum payable from bond proceeds. � ATiACHMENTS �LIST AlL ATTACHMENTS): L Resolution 2� Amendatory Agreeme t 3. �March 24 Memo and ebruary 25, 1982 letter. K .�ea.ae nev.cew neceae.c,ty ort. o e �o.2.eow,cng auppant,c.ng ocum �e ant : . - Ci�y A,ttoaney: l. Counc,i.� ReaoR.wti.an Requ,iw�ed? X YES NO 1. Re.ao.�wti.on? X YES NO 2. inaunance Reqa.i�ced? YES N0 2. inawcance Su6�.i.c.i.en.t? yES NO 3. Inaunance A#,ached? YES NO Fasvisi.aat OM:4/29/82 i ,.- �,,:.. ._�.�..,-...�_.n,, 4_..r `.,�.., _... - ... �_ . , '__ r_ ._ . .,. - . . _ :�, .�. a..�.�.. �. . _ �.�:'��1 . , . . � � � � . , . ' .. � - . _ ' . • t 4 . . � _" 4 �� •� � , � . ' . � ' �� . �� i . . . . . . � . . ' � . �� . � . � . .. i ' � . . � . � , _'� . �uu» 8,� 1982 ,{,'�; �: , .. � - . � � r !I _. �� . . Ao�uocilma:t Je�m�s 8cheibel'� � � 4'hs3rmsn, �Finaaae, I�taaageapoernt b Personnel Comittei < _ 7th�Flaor, Cit,y Aall ', , _ _ r_ - — � . �`-Dear�Councilmsn. Scheibsl s' � - , . � ; . � ' .. • Y'he City Couacil toda�y re�'err�d the folloxtng resolutions to the -: �'inaace, Msnagemeat b Per�onnel Committee for consideration_aad � . . - recomraendation s - 'i � , _ • , ' ;. , . . � � � � . _ Z�� 8eaolution amendiag_t,�e Civil, 3ervice �lea snd' !ns'erting t,he #.itle - ,.�' -` 1 :�;-Aesxiate Ci.tY &�gine�r in Seetion 3.K� tirade 31 AI4D placing ao sateriak `' : ` before the titls Msi tant d.ty:Btigineer-Deei end Assietant City ._ � , 8a_ _ .. " ,�ineer-ODe�-stiona ' amtnd3ng 8tclion 32 ot the Rules by_iaserting the �� `'' ' �pecificstiona !'iar, �,title Maoeiate- City 8ngineer'AUD etr.ilcing the '� ,_ ,�°epe�ificationa f�r ,tt� 'titlea 1ltststaat� Cit�t angineer-De�f�ar and ' �, � : 3 ;,. t.v S�g�he�'-Op.r *°,��`� �g � ' . r .� k�aietant Ci atfona«�: 8�eeon�d � ,and Xaa�tt3ott• '' ,r- � � .. � i . :_ � ��• I,� �- a d.? p; fs.+ �c,y#� t� �c'y�� y h ti, �,t U,� .� �' �� tt„ � c .��• -.�. . :T': `11' t, :,'Wt _ •� "` �e*.��4Rl�� .',,�'+� :�� '� � <;;`, "', j Reeolntie� a�adi� c fon. .� 4 x � e � � , ��, � � � » t � g q��}��.p�„�;��, �-ot , . �� ' :�� :i; C o m p e a as t f o n R es o l a regardin� lra t.t-o!`.`p�y t o r P q�.ieii'i'r a.t a�e a. "`�(1s t,I�dg., � -,.,� ,' -,-- , . , ,. � « --�i r r .1r��. - �.. ' . .... f.� . ;�• A .., l t?!..,t x 'f�- y� s't^" ��'S.TA'� '4r�� " �-t'� '��' � - ry N,�.f�►w.� �,ls� 4` .. ..�,-�f, . �..Y• . � ... . .a ..i-_ . .r .._i.4 +','.�eW�� ..F�� : ,' � � ;, ,-,. d��"`'. �� ._I�taalutioa ,am.ading � �Civil eerv�ei Rnte�t by�;imortiiisg'� titla 'Folics . � � �' �- �� n��' ��w�TisiiiAe "lro�s Seetion �.7�,: t�rade 22 and 3assrtiag f� � $eation 3.1t uader . , � .. . �.' . 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