276121 WH� E ' � - CITY CLERK P ' s �# p' q
PiN� � - FINANCE � �� 7 �+!
C`ANARY = DEPARTMENT . G I T Y O F SA I N T PA LT L COUIICII jrr,��
BLUE - MAYOR . FIIe N O.
Council Resolution pa e , of 2
t 9
Presented B
Referred To Committee: Date
Out of Committee By Date
WHEREAS, The City of Saint Paul sold $2,0,65,000 in general obligation bonds for the
Park Nursery Development Tax Increment Project on December 12, 1978, and
WiiEREAS, Council File No. 272207 accepted the bid and irrevocably pledged the full
faith, credit and taxing powers of the city; but did not certify to the County
Auditor annual tax levies for 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,
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, 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 for the Park Nursery Tax Increment
General Obligation Bond Issue, known as the "G. 0. Development Bonds of 1979,
Series B": Principal
& Interest 5% Over Total
Levy in October of Amount Le_�_ Levy
1978 $120,878.90 6,043.95 126,922.85
1979 111 ,580.00 5,579.00 117,159.00
1980 111 ,580.00 5,579.00 117,159.00
1981 221 ,580.00 11 ,079.00 232,659.00
1982 235,805.00 11 ,790.25 247,595.25
1983 248,980.00 12,449.00 261 ,429.00
1984 241 ,105.00 12,055.25 253,160.25
1985 243,230.00 12,161 .50 255,391 .50
1986 234,830.00 11 ,741 .50 246,571 .50
COUNCILMEIV Requestgd by Department of:
Yeas Nays
Hunt F�Lna e & ement Services
�evine In Favor
Nladdox
McMahon B
Showaiter Against
T�� Director
wlson
Form Approved by City Attorney
Adopted by Council: Date
Certified Passed by Council Sectetary BY
By
Approved by Mayor: Date _ Approved by Mayor for Submission to Council
By - BY
WM:TE - CITY CLERK � � D � ^(�
PINK �ti'� FINANCE . �,�� �1
CANARY - DEPARTMENT G I T Y O F S A I N T ��U L COUIICII �r
p{.UE � MAYOR F1Ie N O.
Council Resolution
Page 2 of 2
Presented By
Referred To Committee: Date
Out of Committee By Date
P & I 5� Over Total
Amount �Lev� Levy
1987 241 ,350.00 ���7-.�-0 253,�0
1988 246,900.00 12,345.00 259,245.00
1989 246,640,00 12,332.00 258,972.00
1990 235,640.00 11 ,782.00 247,422.00
1991 244,640.00 12,232.00 256,872.00
1992 232,320.00 11 ,616.00 243,936.00
Total $3,217,058.90� 160,852.95 3,377,911 .859��
AND BE IT FURTHER RESOLVED that all other conditions and provisions of Council
File No. 272207 remain as previously adopted.
��
COUNCILMEN Requestgd by Department of:
Yeas Nays
Hunt � � F ce & emeat Services
Levine In Favo[
Maddox d �
McMahon B
Showalter __ AgalnSt —
ec or
Tedesco
Wilson
DEC 2 3 1980 Form Approve City Att ney
Adopted b ouncil: Date — �
Cert ed VasSe y ounc.il Seqret BY �
Appr by 1�layor. a ' DEC 2 � �9$0 A ^ � by Mayor for Sab ' to ohncil
By - _ By ' �i.�---.�.s= --
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�, ���`;; Dnfie . December 18, 1980
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C U �`� ���� f i `l"�' � (� �:. 'P C� � 1 -� .
�' O : Soin� Paut Gi�;� Councii � �`:
FRO �1i� = COTi?i't'fi$�@� OCI FINANCE, MANAGEMENT & PERSONNEL •
� �George �1cMahon ; chairman, makes the #ollo�r�ing - : -
� ceporf on C.F. [� d�dinance , � .
. � . ���� � �esolufiion , . .
� _ . � ��n�r
�' ti�E : _ .
� � At its meeting �of December 18, 1980, the Finance Committee recorr�nended approval
of the fol.lowing: ' � .
1. � Resolutions .approving renewal of Health and Welfare .and life insurance coverages
for 1981 for ci.ty employees and employess of Independent School �District #625.
' - (10 resolutions -- 11583-GM, 11584-GM, 11585-GM, 11586-GM, 115$7-�M, 11588-GM, �.
� 11589-GM, 11590-GM, 11591-GM and 11592-GM) . _
2. Resolution approving transfer of funds_ for city's share of local match for - _ -
Diagnos�ic�Study of Como Lake. . �
3. Resolution approving 1981 Residential Street Paving Program: _� _ �
. 4. Reso1ution approying amended agreement extending Operating Agreement with
St. Paul Ramsey Ar.ts and Science Council far operation of the 7A Parki�ng Ramp.
- 5. Resolution authorizing the destruction of cancelled goVernment bonds and .
coupons. (71561-GM) �
_ 6. Resolution transferring $5,000 from Human Rights to City Attorney's Office __
to fund management and operational procedures study of City Attorney's Office.
7.. Resolutions certifying tax levy for �General Obligation Refunding Bonds of 1978,
General Obligation Development Bonds of 1979, Series A; and General Obligation
Park Nursery Development Bonds of 1979, S�ries 6. (11555-GM)
8. Resolution approving 1981 Identfied Treatment Area (ITA) Budgets.
C(TY iIALL SEt'fittiT�-1 FLOO:Z Sr1ItiT P�UE., Iti1I\\ES��A 5�10'
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STATE OF MINNESOTA COUNTY AUDITOR'S CERTIFICATE AS
TO TAX LEVY AND REGISTRY OF BONDS
COUNTY OF RAMSEY 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 ,�.,,,, , 1��� there was filed in my office a certified
copy of Council File No. ��cs�t adopted on ,��s�, 1980,
by the City Council of the City of S aint Paul of said County, levying taxes for
$2,065,000 General Obligation Development Bonds of 1979, Series B, as the same
fall due and to pay and discharge the principal and interest thereof when due,
and further resolving that all conditions and provisions of Council File 272207
submitted to the County Auditor on January 12, 1979 remain unchanged.
It is further certified that pursuant to Section 475.63, Minnesota
Statutes Annotated, that said bond issue has been entered and registered upon the
County Auditor's Bond Register File No. �'�,�, , and that such tax for the �
payment thereof has been levied as required by law.
W ITNESS my hand and the seal of the County Auditor this �d
day of ,j��"+rT , l�fir�..
t Aud'
sy
(SEAL) D puty
Entered in Bond Register
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, ; , - Dar�b4r.29,. 1980. � '
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�lr. Loei M�&�aa • . = , ` >� .
��y-Co�aty Auditor . � � ; :'�
_ Dopt. •of Countg Property. Tasation • -- _ � , y �,;
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D�as� Str� , ; ;''
� � - Attactiad_.ior fiiing in yo�s: of��ca is a ctrtiLisd �opy o� `s . r'
- ra$alntioa, C.F. 276T21, pirtaini�g to tbe tex l�+vy tor , - ' -
$2t465,DtMf Geaeral �?biigation Boad�+ for 'tha Park Nu�ae�y
, Develdp�m�at Tau Incrav�nt,,project. W11I 3�►cm Plssrd ptr6vids .
n� nitb tanyr,origix�l Caunt�r; t�uditQr Bond �sgi�es Csrtiticst�a . •
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STATE OF MINNESOTA COUNTY AUDITOR'S CERTIFICATE AS
TO TAX LEVY AND REGISTRY OF BONDS
COUNTY OF RAMSEY 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 S aint Paul of said County, levying taxes for
$2,065,000 General Obligation Development Bonds of 1979, Series B, 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 272207
submitted to the County Auditor on January 12, 1979 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.
W ITNESS my hand and the seal of the County Auditor this
day of , 1980.
County Auditor
By:
(SEAL) Deputy
Entered in Bond Register
, 1980.