275570 WHITE - C�TV CLERK ����o
PINK - FINANCE O SA I NT PA U L COUIICII
CANARV - DEPARTMENT
BLUE - MAYOR File NO.
` l ution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOVED, that upon the recommendation of the Mayor and pursuant to
Section 10.07.4 of the charter af the City of Saint Paul,
there is hereby transferred the following in the 1980 budget:
From: General Government Accounts
Contingent Reserve - General
09060-536-000 Transfer or Contribution
to Budget Fund $15,000
To: Operations and Maintenance
City Attorne�i Administration
00200-219-000 Fees-Other $15,000
FURTHER RESOLVED, that the foregoing fund transfer is for the purpose of
retaining services of a bond counsel in obtaining an IRS letter
ruling on the tax exempt status of a proposed Saint Paul District
Heating revenue bond issue, and that said transfer is approved
upon the condition that in the event of sale of such issue, from
proceeds of such sale (and any amount not expended by the City
Attorney for this prupose) , the referenced City account shall
be reimbursed in full.
Ap ved as to Funding: Approved:
Dir. , Dept of Fi a'n�cpe & Mgmt Services get Dir ctor
�LL��-, %/�a ��/ 7!/�f ��
COUNCILMEN Requested by Department of:
Yeas �Va�s �
un
utlei Levine
zza In Favor
H t Maddox
� e M�Mahon � __ Agel[1St BY
dd Showalter
owal r Tedesco
Te
Adopt y Counc� :�Date � SEP � �g$ Form Appr by City A or ey
rtified �.sed by C 'I Secx�tary BY
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11p by ;Vlavor: D t SEP � 1_OaII Ap ro by Mayor f si n to Council
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��: �~u��:��' D a t e . August 29, 1980
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C. �} �� ��� � 1 �� � � � c�' � � t _
TD : Saint Pau� Cit;� Counc�� _. . �t: �
�'�Ot1� = Co��nifi�e� on Fz�Ar�cE, [�1a�JR6EMENT & PERSONPJEL
� -
Gearge P�cMahon- ; ���iFinan, mcrkes �he fotia�r�ing
report on C.F. � E7rdi�rc�nce .
. (4) X[� Resot�tion .
• . • � E}ihe�' � �
� ���E :
_ At its meeting of August. 28, 1980, the Finance Committee recorr�nended approval _
- of the following:
1 . Resolution transferririg $15,000 from Contingent Reserve General to City .
Attorney Admini.stration fo-r retaining services of bond caunsel for St. Paul _
. District. Heating .Project. (11167-GM) _ � _ �
2. ResoYution �authorizing City Attorney to conclude retairrer arrar�gement with
� Briggs & Morgan for St. . Paul District H�ating Project. -
. ,
- 3, Reso•l.ution providing insuranee. to those employees who wouTd be eligib�e for �
. . pensian; 6ut who withdraw their money in a lump sum. (11255-G;'I} �
4. Resolution transferring $6,624.44 from Contingent Reserve to Operation and
- Maintenance, Departme.nt of Community Services, to cover expenses incurred _
for�City's 125th Anniversary celebration. (11269-GC7}
CITY 'rTr1LL SE�'E;�TH �L�OTL S:�ItiT P:�LZ, 1fI�F\ESOTr1 S�lQ�
� . �7��"'�'
July 30, 1980
M E M O R A N D U M
TO: Joanne Showalter, Chair
�nergy, Envir nment and Utilitiea Conunittee
FROT4: Jim Ha ,�
RE: Fund Transfer and Retainer of Bond Counsel
Diatrict Heating Project
At the request of the Chairman, Finance, Manage:ment and
Pessonnel Committee, the enclosed draft City Council
resolutions have been revised by adding a paragraph
requiring reimbursement of the City General Account of
the $15,000 fund transfer from„ proceeds of the bond sale
and any unexpended portion of the transfer.
Enc. 1 ` —
cc: George McMahen ✓
Bernie Carlson
Dick Schroeder
Steve Wellington