276581 WHITE - CITY CLERK
PINK � - RINANCE 2'76581
C ARY � DEPARTMENT COUIICII
�'.� - MAYOR '�� ` GITY OF SAINT PALTL File NO.
` uncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
WHEREAS:
l. The Port Authority of the City of Saint Paul has adopted
Resolution No. 1766, as amended by Resolution Nos. 1769 and 1771,
giving approval to the issuance of revenue bonds in the amount of
approximately $650,000 to finance acquisition of land in regard
to the restoration of the St. Paul Hotel and construction of a
three-story, 300-car parking ramp by St. Paul Parking Ramp Limited
Partnership;
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 issued only with the consent of the
City Council of the City of Saint Paul by resolution adopted in
accordance with law;
3. The Port Authority of the City of Saint Paul has requested
the City Council to give its requisite consent pursuant to said law
to facilitate the issuance of said revenue bonds 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 aforesaid revenue
bonds for the purposes described in the Port Authority resolutions
mentioned above, the exact details of which, including, but not
limited to, provisions related to maturity, interest rates, dis-
count, redemption, and for the issuance of additional bonds pur-
suant to resolution adopted by the Port Authority, the City Council
COU[VCILMEN Requestgd by Department of:
Yeas Nays
Hunt
Levine In Favor
Maddox
McMahon
snowaite� - __ Against BY —
Tedesco
w�so�
Form Approved by City Attorney
Adopted by Council: Date —
Certified Passed by Council Secretary BY
Bs,
Approved by :Vlayor: Date _ Approved by Mayor for Submission to Council
By - BY
WMITE - CITY CLERK ��.•
PI K .�, FINANCE
CA�RY DEPARTMENT G I T Y O F S A I N T PA U L COl1fIC1I 2� 5 ,
BLUE - MAYOR
File N .
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
2.
hereby authorizes the issuance of any additional bonds (including
refunding bonds) by the Port Authority, found by the Port Authority
to be necessary for carrying out the purposes for which the afore-
said bonds are issued.
COU[�1CILMEN Requestgd by Department of:
Yeas Nays
Hunt
Levine In Favo[
Maddox _\
McMahon
snowaiter _ Against BY
Tedesco
Wilso
i ; MAR 2 6 1981 Form Approved by Cit Attomey
Adopted b4 Council: ' Date
Certified Pas• by C nc� re ary BY '��
,�
�
1 7 19 `�
Appr y Mavor: te Approved by Mayor foc Submission to Council
By BY
ft1BLISHED qPR 4 198