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276120 WH LERK � `)� ��Y � PiNK NCE ��6��� CANARY - EPARTMENT G I T Y O F S A I N T �A U L COUtIClI � � �v BLU� - MAYOR File N . Council Resolution page 1 of 2 Presented B ' /` C���U� Y Referred To Committee: Date Out of Committee By Date WHEREAS, The City of Saint Paul sold $5,300,000 in general obl�gation refunding bonds and $6,510,000 in general obligation development bonds for the eowntown and Seventh P1ace Tax Increment Financing District on December 12, 1978, and WHEREAS, Council File No. 272206 accepted the low bid for both bond issues and irrevocably pledged the full faith, credit and taxing powers of the city; but did not certify to the County Auditor separate annual tax levies for all principal and interest payments because tax increment collections were projected to be sufficient to meet annual debt service requirements, and WHEREAS, Current tax increment collections, capitalized interest and interest earnings are still projected to be sufficient to meet annual debt service requirements for both bond issues, and WHEREAS, the City's standard accounting practice for all general obligation bond issues is to have annual debt service levies certified to the Ramsey County Auditor for each separate bond issue, regardless of the source of funds used to finance the annual debt service; NOW THEREFORE BE IT RESOLVED by the Council of the City of Saint Paul for purposes of consistent and historical record keeping that the following annual tax levies be certified to the Ramsey County Auditor: $5,300,,000 G. 0. Refunding Bonds of 1978 Levy in October of Principal 5% Over Total & Interest Le�_ Le� Amount 1978 345,196.56 17,259.83 362,456.39 1979 295,880.00 14,794.00 310,674.00 1980 295,880.00 14,794.00 310,674.00 1981 295,880.00 14,794.00 310,674,00 1982 295,880.00 14,794.00 310,674.00 COUNCILMEN Requestgd by Department of: Yeas Nays Hunt Fi.nan e and gemeat Services Levine In Favor Maddox �;��Le _ Against BY �� T�� Director wlson Form Approved by City Attorney Adopted by Council: Date Certified Passed by Counc.il Secretary BY B}• Approved by :Nayor. Date _ App e by Mayoc for ' sioqto Council BY — By _ � ,<, - � WHi !CLERK � �� • PIN �NANCE �/���Q CANARY - EPARTMENT G I T Y O F S A I N T �A LT L COUIICII E BL.U� - MAYOR File N O. . Council Resolution Page 2 of 2 Presented By Referred To Committee: Date Out of Committee By Date Levy in October of Principal 5% over Total & Interest Levy _ Lev� Amount 1983 295,880.00 14,794.00 310,674.00 1984 295,880.00 14,794.00 310,674.00 1985 295,880.00 14,794.00 310,674,00 1986 295,880.00 14,794.00 310,674.00 1987 395,880.00 19,794.00 415,674.00 1988 650,480.00 32,524.00 683,004.00 1989 271 ,040.00 13,552.00 284,592.00 1990 271 ,040,�0 13,552.00 284,592.00 1991 5,111 ,040.00 255,552.00 5,366,592.00 $9,411 ,716.56°� $470,585.83°�~ $9,882,302.39'' $6,510,000 General Obligation Development Bonds of 1979, Series A 1978 370,603.27 18,530.16 389,133.43 1979 342,092.50 17,104.63 359,197.13 1980 342,092.50 17,104.63 359,197.13 1981 1 ,092,092.50 54,604.63 1 ,146,697.13 1982 1 ,153,092.50 57,654.63 1 ,210,747.13 1983 1 ,233,892.50 61 ,694.60 1 ,295,587.1Q 1984 1 ,233,192.50 61 ,659.63 1 ,294,852.13 1985 1 ,234,380.00 61 ,719.00 1 ,296,099.00 1986 1 ,237,680.00 61 ,884.00 1 ,299,564.00 1987 727,260.00 36,363.00 763,623.00 $8,966,378.27}� $448,318.911� $9,414,697.18 ti;,,. AND BE IT FURTHER RESOLVED that all other conditions and provisions of Council File No. 272206 remain as previously adopted. �� COUNCILMEN Yeas Nays Requestgd by Department of: H,,,,t Fina e and Management Services Levine In Favoi Maddox McMahon � __ A gl[1St snowaiter - g D rector Tedesco Wilson DEC 2 3 �� Form Approv y City Atto ney Adopte y Council: Date — � C tfied Pas•e y ncil Secretar� BY -� t ' DEC Approve y Mayor for S mi ' n to Councii Ap e by :Nayor: Da �4 1QR�� B By �� " ` ��` Y I �� J A P� 3 �9�1 � � � , . . ` - . . . . . \ .. � " � . - a � ��'� �' �_\� / �� , , t � , _ . . , ; � - . - • . , - � , � . ' " , . - . . . . , � , ' . D�c�ebsr 29, 1�80 ` � ' • . , � , . , . � Mr:� LQu �McR�enna � - - ; , R�sey Cbuntq /►utitor , ` , � , Dept. of, Couaty PropertT Tazation . i .!' , Dear Str: _ _. - l�etached far filing ia your offica is a certified copy of a , ., , reeolutioa. C.F. 276120, pextaiaia� to ths tas levy fDr , - -- $5,300,OOQ'Gaa�c.al: Obligation Hefunding Bo�ds of i9i8 and � - • ' $6,S10,000 in G�era1 Obligatian D�slopa�nt Baads for the � DwentaMn fwd S�°ve�th Place Taz Iacrfs�at �iaanc�ag Districts. - � , Will ye�u pleass prohrida -us �i.th four origiaal Couat� Audttc+r r , ; , • Bond Aegi�ter C�stificates in �the �ora atta�h�d to tbis . . � lettar. - � _ , , - .Var� tscslp yours, . ; • _ r � � . �tvso lsiz . G41L7 61srk - v . � , . ; � � . � Attaeh. � ' . . .� _ �BOsla � � . ' . , , , _ . r , -. , � . � - . " ' � --i , . , . _ � . . _ •�: . . « . STATE OF MINNESOTA COUNTY AUDITOR'S CERTIFICATE AS TO TAX LEVY AND REGISTRY OF COUNTY OF R.AMSEY BONDS UPON COUNTY AUDITOR'S BOND , REGISTER I, the undersigned, being the duly qualified and acting County Auditor of Ramsey County, Minnesota, DO HEREBY CERTIFY that on the day of � , 1980, there was filed in my office a certified copy of Council File No. adopted on , 1980 by the City Council of the City of Saint Paul of said County, levying taxes for $5,300,000 General Obligation Refunding Bonds of 1978 and for $6,510,000 General Obligation Development Bonds of 1979, Series A, as the same fall due and to pay and discharge the principal and interest thereof when due, and further resolving that all conditions and provisions of Council File 272206 submitted to the County Auditor on December 16, 1978 remain unchanged. It is further certified that pursuant to Section 475.63, Minnesota Statutes Annotated, that said bond issue has been entered and registered upon the County � Auditor's Bond Register File No. , and that such tax for the payment thereof has been levied as required by law, WITNESS my hand and the seal of the County Auditor this day of , 1980. County Auditor (SEAL) By: Deputy Entered in Bond Register , 1980 . . � � � i �� STATE OF MINNESOTA COUNTY AUDITOR'S CERTIFICATE ' AS TO TAX LEVY AND REGISTRY OF ' COUNTY OF RAMSEY BONDS UPON COUNTY AUDITOR'S BOND REGISTER � I, the undersigned, being the duly qualified and acting County Auditor of Ramsey County, Minnesota, DO HEREBY CERTIFY that on the � day of � ,�q� , 1�.•�here was filed in my office a certified copy of Council File No. 2'��� adopted on � � , 1}gg=by the City Council of the City of Saint Paul of said County, levying taxes for $5,300,000 General Obligation Refunding Bonds of 1978 and for $6,510,000 General Obligation Development Bonds of 1979, Series A, as the same fall due and to pay and discharge the principal and interest thereof when due, and further resolving that = all conditions and provisipns of Council File 272206 submitted to the County Auditor on December 16, 1978 remain unchanged. • It is further certified that pursuant to Section 475.63, Minnesota Statutes Annotated, that said bond issue has been entered and registered upon the County Auditor's Bond Register File No. ���� , and that such tax for the payment t thereof has been levied as required by law. � WITNESS my hand and the seal of the County Auditor this �� day � k ��� � of Jiritt�tx'�' , 19'8n':'"' � ufYr111� Au i t (SEAL) gy; eputy ! i Entered in Bond Register � J� � �1�'lrA�, ' f 190V r�rrr �'.