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272207 WHI7E - CITV CLERI( �rf��w/,/ �,/{J�� ' PINK �F,INANCE - COURCIl "/ �1 �P.y�� B,frJERV �MAVORTME ITY OF SAINT , PALTL File NO. � � � cil R solution Presented By � Referred To Committee: Date Out of Committee By Date RESOLUTION ACCEPTING BID ON SALE OF $2 , 065, 000 GENERAL OBLIGATION DEVELOPMENT BONDS OF 1979, SERIES B&, PROVIDING FOR TH�IR ISSUANCE AND DETERMINING TFiE FORM AND DETAILS THEREOF inTHEREAS, by its Resolution, Council File No. �F267284 ► adopted May 27 , 1976 , the City Council approved the Park Nursery i�edevelopment Plan, Project undertakings and activities therein provided for and Project Financing Plan, which provided, among other things, for the establishment of a new tax increment district (the "Park Nursery Redevelopment Project Area") pursuant to Minnesota Statutes, Chapter 462 ; and WHEREAS, by its Resolution, Council File IJo . C�272157 , adopted December 5, 197� , tne City Council aut�orized tne issuance and sale of $2, 065, OOA General Obligation Development Bvnds oi 1979, Seri�es B (the "Series B Bonds") , to finance contributions of �.i�e City to the Park Nursery Redevelopment Pro,ject undertaken by �rie Housing and R,e�evelapme�t Authority of the City (the "Authority�°) pursuant to Uiinnesota Statutes, Chapter 462, all in accordance with the bond ,sale notice attached as Exhibit A to said Resolution; and WfIEREAS, in accordanc� taith said bond sale notice, bids for said Bonds �ere received and opened at 9 : 00 A.Nt. , Central Time, th.is day, at the office of Bernard J. Carlson, Director, Depat�tment of Finance and Managernent Service, and presented to the City Council at 2: 00 P .M. , Central Time, this sam� day, as set forth in Exhibit A attached hereto and incorporated herein by reference. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF the City of Saint Paul, Minnesota, as follQwse COU[VCILMEIV Requested by Department of: Yeas Nays Financ d Manageme rvices [n F-avor �� . . _ __ Against BY �:. Form Appr City Attorney Adopted by Council: Date � Ctrtified }'as�ed by Council Secretary BY $y A►pproved by :Vlavoc Date _ Approv by Mayor for Submission to Council BY - - — BY - ,:i �� 1. That the bid of Bache Halsey Stuart Shields Incorporated to purchase $2 ,065 ,000 General Obligation Development Bonds of 1979 , Series B, of the City, in accordance with the notice of bond sale, at the rates of interest hereinafter set forth, and to pay therefor the sum of $2 ,043,497. 80 is hereby found, determined and declared to be the most favorable bid received, and is hereby accepted and said bonds are hereby awarded to said bidder. The City Clerk is directed to retain the deposit of said bidd�r and ta forthwith return the good faith checks or drafts to the unsuccessful bidders. Said Series B Bonds shall be payable as to principal and interest at The First National Bank of Saint Pau1, Saint Paul , Minnesota and The Chase Manhattan Bank, N,A. , New York, New York, or any successor paying agent duly appointed y the City. 2. The $2,065,000 negotiable coupon general obligation bonds of the City shall be dated January 1, 1979 and shall be issued forthwith. Sai_d _. Series B Bonds shall be 413 in number and numbered fron 1 to 413, both inclusive, in the denomination of $5,O�J0 each. Said Series B Bonds shall mature serially, loFrest numbers first, on February 1 in the years and amounts as follows : $110,000 in the year 1983; $130, 000 in the year 1984 ; $150,d00 in each of the years 1985 and 1986; $160, OQ6 in each of the years 1987 and 1988; . $175,000 in the year 1989 ; � $190 , 000 in the year 1990; ' $200 ,000 in each of. the years 1991 and 1992; and $220 ,�00 in each of the years 1993 and 1994. For purposes of complying with the maturity schedule reguirements set forth in Minnesota Statutes, Section 475. 54 , the Series S Bonds are hereby combined with the outstandin�g general obligat.ion bonds of the City described in E�ibit B a�tached hereto and in- corporated herein by reference. 3. The Series B Bonds shall provide funds for contribu- tions to a redevelopment project undertaken by the City and desig- nated as the Park Nursery Redevelopment Project Area (the "Froject") . The totaT cost of said Project, which shall include all costs enumerated in Minnesota Statutes, Section 475 .65, is estimated to b e at least equal to the ar,�ount of the Series B Bonds. tiaork on the Project shall proceed with due diligence to completion. 4 . The Series B Bonc�s maturing in the years and bearing the serial numbers set forth below shall bear interest, payable August l, 1979 and semiannually thereafter on February 1 and Aug- ust 1 of each �year, at the respective rates per annum set opposite said maturity years and serial numbers : . .. .i. �� Maturity Years Serial �umbers Interest Rate 1983 1-22 5. 250 1984 23-48 5 .25°s 1985 49-78 5 .25a 1986 79-108 5. 25% 1987 109-140 5 . 25% 1988 141-172 5. 300 1989 173-207 5. 40% 1990 208-245 5. 40� 1991 246-285 5.500 1992 286-325 5. 50� 1993 326-369 5. 60% 1994 370-413 5. 600 5. All Series B Bonds o� this issue maturing in the years 1992 to 1994 , both inclusive (bonds numbered 236 to 413, both in- clusive) , shall be subject to redenption and orepayment at the option of the City in inverse order of serial numbers , on February 1 , 1987 and on any interest payment date thereafter at par and accrued interest. Published notice of redemption shall in each case be given in accordance with law, and rlailed notice of redemption shall b e given to the bank where said Series B Bonds are payable. 6. The Series B Bands and interest coupons to be issued hereunder shall be in substantiall�T the form attached 'nereto as ' Exhibit C and incorporated herein by reference. 7 . The Series B Bonds shall be executed on behalf of the City by the facsimile or manual signature of its Nayor and attested by the facsimile or manual signature of its Clerk and countersigned by the facsirtile or r�anual signature of its Director of Finance and rianageraent 5e-rvices and be sealed with the official seal of the City; provided that the seal may be a facsirnile and at least one such officer shall execute the Bonds manually; and the int,erest cou�ons� pertaining thereto shall be executed by the nYinted, engra��ed or Iithograpized racsi�ile signat��res of suc?-! officers. 8. The .Series B Bonds when so prenared and executed shall be delivered by the Di.rector of Finance and i�tanagement Ser- vices to the purchaser thereof upon receipt of the purchase price, and the said purchaser shall not b° o�lic}atea to see to the proper application thereof. g. There is hereby created a special fund to be .desig- nated "Park Nursery Redevelopment Project Fund" to be held and administered by the Director of Finance and Management Services separate and apart from aZl other accounts of the City. In said �`��-�� Fund there shall be established two separate funds, to be desig- nated as the "Capital Accou.nt" and the "Debt Service Account" , respectively. Said Fund shall be funded and maintained to the extent and in the manner herein specified until all of the Series B Bonds and the . interest thereon have been fully paid and the City has been fully reimbursed out of tax increments for any City wide ad valorum taxes used for the payment of the Series B Bonds and interest thereon_ ' a. The proceeds of the sale of the Series B Bonds herein authorized, less accrued interest received thereon and any additional amount paid for said bonds in excess of $2 ,042,OQ0 , and less capitalized interest in the aniount of $344 ,000 � �� (subject to s.uch adjustments as are appropriate to provide sufficient funds to pay interest due on the Series B Bonds on or before February l, 1982) , shall be credited to the Canital Account, from which there shall be paid all costs and ex- � penses of said Project, including the cost of any construction contracts heretofore let and all other f costs incurred and to be incurred of the kind authorized in Minnesota Statutes, Section 475 .65; and the monies in said account shall be used for no other purpose. b. There is hereby pledged and there shall be credited to the Debt Service Account (1) all accrued interest received. upon delivery of said � Series B Bonds, (2) all fun�s paid for the Series B Bonds in excess of $2 ,042,Q00, (3) capitalized interest in the amount of $344,000 (subject to such adjustmerits as are appropriate to provide suffi- cient funds to pa� interest due on the Series B Bonds on or before February l, 1982} , (4) all tax increments derived from the Project, and (5) all funds remaining in the Capital Account after com- pletion of the Project and payment of the costs thereof. The Debt Service Account shall be used solely to pay principal and interest on the Series B Bonds issued hereunder and any other general obli- ' gation bonds hereafter issued and made payable from said Account; except that upon discharge of said Series B Bonds the City shall , to the extent neces- sary, use the remaining funds in said Account to reim- burse the City as provided in paragraph 12 beloca. I0. Prior to issuance of the Series B Bonds , the City and the Housing and Redevelopment Authority of the City shall _ , �� enter into an agreement (the "Tax Increment Pledge Agreement") under the terms of which the tax increments derived from the Park Nursery Redevelopment Project Are a shaTl be paid directly to the City and pledged to the payment of the Series B Bonds and interest - thereon. The .estimated collection of such tax increm�nts e.xceeds 20% of the cost of the Project within the meaninc� of Minn�sota � � Statutes, Section 475.58. 11. The County Auditor of Ramsey County has certified the assessed valuation of taxable real pro�erty within the Park Nursery Redevelopment Project Area, as raost recently deter:�►ined according to the assessment as of January 2, 1977 . Unuer the pro- visions of i•�innesota Statutes , Section. 465. 585, Subdivision 3, tne County Auditor has included only such original assessed valua- ' tion upon which he co:nputes the rate of all state, county, city, school district and other taxes, but has extended anc� will con- tinue to extend the rates so determined against the entire assessed valuation of such real property in 1978 and each subsequent yearf and the County Treasurer will henceforth remit to the City of Saint Paul acting on beizalf of the Housii�g anc� hedevelopment Authority of the City that proportion ot all taxes paia each year on the real pro�erty in the Project area which the excess of the assessed valuation over the original assessed valuation bears. to such original assessed valuation. 12. Under the iax Increment Pledge Agreement the tax - increments derived from the Project snall be sec�regated in the Debt Service Account until payr:ient of all Series B Bonds and in- terest thereon and reimburse�nent of the City as provided in IYiinne- sota Statutes, Section 462. 585, Subdivision 3 . - It is hereby found, determined and declared that the estirnated collection of said tax increments, together with all other existing funds pledged to the payment of the Series B Bonds� will, if collected when due, produce at least five percent in excess of the amount needed to meet when due the principal and interest pa�ments on. the Series B Bonds. i�tevertheless, for the - . - pro:npt and iull pay:nent of the princi�al of and interest on the Series S Bonds as the same respectively become due, the full . faith, credit and taxing powers of the City shall be and are hereby irrevocabl.y pledged. Notwithstanding any provision herein to tne contrary, the City reserves the right to terminate or reduce the tax incre- , raents herein pledged to the payir,ent of the Series. B Bonds and in- � terest thereon to the extent and in the manner pernitted by law so long as such action does not preclude the City from paying when due the debt service on the Series B Bonds or o-cher��rise i::�pair the City' s full faith and credit pledge. 13. The City Clerk is hereby directecl t� file a cer- tified copy of this resolution with the County Auditor of Ramsey WHITE --CiTV CLERK PINK - FINANCE G I TY OF SA I NT 1 A L} L COUILCIl CANA�R.Y �-,JJEPARTMENT [�'�g Bl_¢lE,} ��-'MAVOR File NO. ��L�� Z Council Resolution �'T�7 �� Presented By Referred To Committee: Date Out of Committee By Date County, i�innesota, together with such other information as he shall require, and to obtain frorn said Auditor his certificate that tne Series B Bonds have been entered in said Auditor' s Bond Regis- ter, and that the Tax Increment Pledge Agreement has been filed with the County Auditor. 14 . The officers of the City are hereby authorized and directed to prepare and furnish to the purchaser of the Series B Bonds, and to the attorneys approving the legality of the issuance thereof, certified copies of all proceedings and records of the City relating to the 5eries B Bonds and to the financial condition and affairs of the City, and such other affidavits, certificates and information as are required to show the facts relating to the legality and marketability of said bonds as the same appear from the books and records under their custody and control or as other- wise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representatio�s of the City as to the facts recited therein. COUNCILMEN Requested by Department of: Yeas Nays �'� n nce and a em t Services 1lasse In Favor L�� V '�� __ Against BY ll�o� x�� Z � Form Approved by City Attorney Adopted by Co i : Date Certifie ass ounci ar BY � � DEC 14 1978 Approved by Mayor for Submission to Council Appr by 1�layor: at — B — BY �ausK� oEC Z 3 1978 � (Form of Coupon) No. _ . , • • $- - . - - - . On the first day of August (February) , 19 , unless the bond described belotia is called for earlier re- demption, the City of Saint Paul, Ramsey County, i�linnesota, caill pay to bearer at r or any successor paying agent duly appointed by the City, the sun� shown hereon for interest then due on its General obligation Development Bonds of 1979, Series B, No. dated January l,. 1979 . � Countersiqned Attest /s/ Facsimile /s/ Facsimile /s/ Facs�.mile Director oi Finance and City Clerk P�iayor Management Services - � ' - EY,FlIBIT B � 7'OTfiL GL�?E�:Ai�s ORL7G11'I'10� nI�tECT DI:�3`I' As of I�zc�rnbe�- 2, 1978 Date of Ori�inal Final l'rincip�.l lssue Amount 1�Taturity Purp��e Ou�st�ndino 1-1-54 $2,25Q,000 1-1-1g�� Cap. Ap��'oach, Se�.0 $ �3.5,OOD �-1-5� 3,30Q,OQ0 4-1-13f34 Gen_Irnp�, Ser.l 9'15,OOQ 5--1-�5 3,20�,OQC� 5--1-ISF3� Gen.Irnp.y Ser.2 7.,�.OUs UUQ � 5-1-55 1,500,000 5-1--1.985 'Sti7aterc•ror��s - . . . ��p,.0'O�U(2) . I1-1-55 SOO,OOa I1-1-19�5 Gen.Im�.�, Ser.3 . �9G�,UUU 3-1-55 2,0OO,Ot?0 3--1-1986 'LJaterwc_�fs, Ser.1956B . f?0,000(2) 6-1-55 3,500=004 6-1-1986 Gen.Imp., Ser.4 1.,�70,000 11-1-56 65D,000 11-7.-1986 Detention Faeility 265,000(1) 11-1-56 500,OGQ 11-1-I936 Ca�_ Ap��cach, Ser.4 � - 2Q�s��Q 4-1-57 Z,�OO,O�C 4-1-1987 '�'�a►.erwo_�is, Szr.19;,7C �0�,000(Z} 4-1-57 3,�63,000 4-1-1957. Gen_Im�., Ser.S • �-,530,000 3-I-58 2,�33,003 3-1-1988 Gen. Imp., Ser.6 . . . 7-,XG0,�00 3-�1-53 I,000,000 3-1-198� j4atertvorks, Ser_19�8D x 3353000(2) , 9-1-58 3,OD0,000 , 9-1-1988 � j'Vatertvor'�;_s, S°r.l � �sS5fis000 2-1-59 ' S,501,OQ0 2-1-1989 Gen.Im�., Ser_7 . - s � 2-1-59 3,0OO,OLQ 2-1-19s9 �tiatertivo��:s, Ser.2 ' . 7.,4!�O,U00(2) �9-1-59 3,SQOsUOa 9-1-1�g9 titi'�.�erwQ�ks, Ser.19�9A 1.,74.Os000t2) 9-1-59 55,QOf) 9-1-2989 �7t. Hosp� F2cility, Ser1 , _ . 31,000 1-1-60 500,40� 1-1-199Q Jt. Deteniio� F�cili�y _ 285,Q��x� 63S 000 6-1-6Q 1,133,OQ0 6-1-1990 �Gen.irri�_, S°r_8 - � 6-1-60 495,OQ� 6-1-�.9°0 Jt_ I�os�� Facilit�7, Ser.2 280,U00 .. 6-1-6Q 2,QOO,D00 5-1-199Q �'Vater�vo_rks, Ser.1960B 7_,p�{fl,000(2) . 3-1=61 700,000 3-1.-1991 Flood Control �ZasUOU 3-1-61 I,h74,000. 3-:1-?�9I. Gen. Ym�., Ser.3 85�,000 3-I-61. 1,OQQ,QOQ 3-�--IS9�. '�'t'ate�vor'_rs, S°r.1961C 5`�5,000(2) -3-1-61 1,25Q,Q�Q 3-1.-1931 �`t'unk HiGh,•,�y, Ser.l �--�-310,000(rf) 9-1-51 2,500,QQ0 3-1-1991 � Pori Atith�rity-Gen.Imp.,Ser. A - - 1,�tG0,000(3} IO-1=6I 3,500:000 10-1-1981 T�'unk Hi�htivay, Ser. 2 . G30s0U0(�� 2�5 000 10-1-&1 400,Q00 1Q-1-2991 Flood Control _ f 1Q-I-61 200 000 1Q-X-2991 Jt_ Crt_ Ho�zse Lt City Hall Rehab.,Ser. I. ].z5,�00 �-1-62 � 2,500s000 4-1-1992 Port Autno�ity-Gen_Imp_,Ser. B . _ 1s550j000{3) 8-1-62 3,Q97,OOQ 8-1-1992 Gen_Imp., Ser. 10 . . � . : �.,91?,U00 8-1�62 50Q,Q00 8-1-1992 Riverviei� Storm Setiver, Ser_ 1 32�,000 8-1-62 3QQ,000 8-1-1992 3t. Ci't. Hot�se � City HaII Rehab.,Ser. 2 : 195,000 8-1-62 700,Q00 8-1-I992 �t. Hosp_ Facilt'-Y, Ser_ 3 . 45�,OQ0 12-1-62 2,SOO,Q00 12-2-1992 Port Authority-Gen.Imp_, Ser. C �.,550,000(3) 11-�-63 30Q,OOQ . 11-I-1993 Joint Detention Fzcility x70,000(1) 6-I-S3 2 500 00� 6-1-1993 Port qu��:o:it;;-G?n.Imp-, Ser. D 1,630,000(3} 11-2-53 2,OOa,000 1I-1-1993 Jt_ Hosp. Faeiii�y, Ser. 4 1,320,000 1�-1-63 400,000 I1-1-1993 Fire Statio� 274,OOQ 6-1-64 2,SOQ,Q00 6-1-1994 Port Authoeity - Gen.Imp. , Ser_ E I,71p,Q00(3) 10-1-64 1,.1�0,000 14-1-I994 �t. Hosp_ Faczlity, Ser. S � S2J,000 10-1-64 I,7Q0,0a0 . 10-1-1994 Urban P�ene�ti�al, Series 1964A 1,230,000 4-1-65 2,270,OOb 4-1-I985 Tt'unk High;ti1r�y, Series 3 1,IOp,000(4} 10-1-65 750,000 10-1-1995 Urban Rene��:al, Series 1965B �- 550,000 IO-1-65 $1,000,000 10-1-1985 P.I.R- Refundin� $1,000,000(2) 6-1-66 1,500,OOfl 6-1-1996 Port Authority-Gen.Imp., Series F l,l.�'s0,000(3) � ?-1-66 980,000 ?-1-1986 Trunk Hioh�:ay, Series 4 650,000(�) 7-1-66 2,OOO,QOQ ?-1-1996 ��TAtecesor�s, Serie� 1966D 1,SOO,OOD(2) ' ?-1-66 1,150,004 � 7-1-2996 Urban Reneti:al, Series 19G6C 900,000 10-1-6? _ 1,50Q,000 10-�-I997 ti,'ater�vorks, Series 1967E _ 1,t40,000C2) -31- y Fin�l - Y�int•i�;:�i - Ij_i�e i�F 'Oc'i�ir�,�l Outstrnu�;�r� I�� ' :�:�totc;;t �'t�ituritt' . E'urpo�e �_ �._. .;�; ^ � �-000 10-1-i997 UI'I�c�fl Reriec•,�al Seri�� 19,�',7D 1,81.�,00!) 10-1-6� _ ,- , ' 2U�,000 1��=1-57 2�0,0�0 10-•1--1997 Storm Ser;er 3-1-5S 2,000,000 3-1-199s Port Autf�orit;�-Gen. irnp. S�ries G-1 2�2053tCOt3} S-I-�S 2,6 f5,000 S-1-199S Urban F.er��t�:al 2-1-�n 2,�00,040 � 2-1-1999 Por•t At�ttio~ity-Gen_ cT�Q.,S�ri�s G-2 �'�00�00f tJ} ?1-1-5n 4�000�000 l.1--1-1979 Ctlp. Imp- , S�-'CiP.� 1.1o�C 3 4 630 OGO �I_1_59 6,000,000 11-1-199J Civic Cer�ter, Se�ies 1S�9� �gUG�00a S—I.—i� �y 7OO?ODO . 8-1-1980 , Cap. Tmp� , .Series 1970 : - 5-7.-i0 3,OOD,fl00 � 8-1--2000 Urban Renecval, Szrie� 1970� - . 2'�20�U0� . 5-1-�C 3,OOO,D00 8-1-2Q00 Civic Cent�r, Series 1S70A $��G�so � . 5-1-;0 10,OD0,000 8-1-200{� Civic Center Series 1970B J 3 Oa ' Series� �i 2 �75 000(3} 1-1-71 2,650,000 1-1-Z001 Pori El�!tnority-G�n. I�P-> ' ' ' . 3-1-7I 2,000,000 3-1-2001 j"7ater PoLution Aba�e?,�ent, Series 1971 �,3 JQ,�O�� . 3-1-71 4,500,000 - 3-x-1981 Cap. Imp. , Series 1971 4�gE 0�a Ja 2-1-:2 5,6 4 0,0 0 0 2-1-20D2. Urban F�e,�et•.al, Se:ies 1972G �'g O Qs O C� 2-1-72 4,SOd,ddfl 2-1-1982 Czp. Im�., Serzes Z9�r2 3 � 2-1-72 2,000,000 2-I-2002 �4'ater Pollution Abat��~�ceni., Seri�s 1372 �fS8a,o0Q 12-1-72 3,OOD,OOQ 12-1-20�2 Uroan Rene�,Tal, Series 1972H �'g�k4�00� �-1-73 6,355,000 5-1-2003 Urban Rene��;al, Serie� 1973I > > Q . 5-1-73 2,000,000 • 5-1-2G�3 i ti'►'ater Pollution Ab2te�2ni� Series 1973 2'250300Q 5-1-73 4,5�0,000 5-1-1983� C�p. Imp., Series 1973 _ > > 4-1-c� 3,045,000 . .4-Z-2004 Urban F�ene:val, Series 1974J 2,8E5,000 . �_1-7t� 5,680,000 4=i-3984 He21th ac Can. Imp- , Szries I974 3,4�t0,000 q-].-7�'r 4,0OO,ODD 4-I-2004 jYater Pollution Abater�°n�, S�ri�s J.974 3,8Q0,000 . . � � 550 00 • 3-1-75 6,50�J,000 3-1-1985 CaQ. rmp_ , Szries 1975 - : i � _ 3-1-7� 1,500,OOJ 3-1-J.995 'Pehab_ Loan P:ogram, S�ries I975 �'�6��000 3-1-75 4,000,000 3-1-2005 ,�41'at��- F�llution A.batenznt, Series �975 , , _ I2-1-75 4,6fl0,000 12-1-1995 D�wn�o��;n DeiTel. Dist., Series X975 4,50fl,000(5) . 22-1-7� 4,1Da,000 � 32-1-1.995 Urban.Ren�t,�:a3. Series 1975L - 3,940sOGD(5) - . . 6-I-r 6 5,600,000 12-1-1993 G_O_ Refun�:�:g of Ig76, Series I 5,2�0,OOQ(3) 7-I-i6 �,05Q,OD0 2-1-I994 G.O. P.�fundino of 1976, Series A 4,050,000 . [-1-76 6,00O,OOU 2-1-2003 G-O. Reiundino es11976s' series D _ 5�5�asU00 10-1-75 6,0�O,OOQ . 2-I-1986 C�p. Tmp., Seri 10-I-76 1,000,000 . . 2-1-I987 RehaS. Loan Prograrrt, Series 1976 5 .�3�Q,�00 Series 1977 > > a0 5-1-7t 6,000,004 5-1-1957 Cap. I�P-� �Pries I9i8 6,500,D00 . 2-1-78 6,500,000 2-I.--1988 C�p. P-� , . - .. - 2,065, 000 � � . G.-O. Development Bonds of 1979, _ . ,• . Series B . • - - - G.O. Refunding Bonds of 1978 - _ 6,510, 000 G_O. Development �onds of 1979, - � • Series A " O) The Ciry is Deing reimbrzrsed by Ramsey Co�niy jor deb[ service o( Lhesa bor.ds. (?) S�p�o:ied by revenuas oj the 1lnter Uiiti[y. (3) Eon-'s o( Lhe Port A�.ethorily au[hori�ed by Lhe Ceiy'artd secured by the �e�?2 [ceth end 'eredit oi the City o( S[. Pa:�i- (�) The principei on�y is D2irtg paid from nort-intertst bzarirtg Londs oj the SCcte oF h!innssota Aeid by Lhs City; the City is respo�'uib?° �or the inier25t_ _ . _,_�,.._-�_ _.._. . . __ °- -- - - ' " '- - �- - , � EXHIBIT B . UNITED STATES OF At�IERICA STATE OF rIINNESOTI� RAMSEY COU�:TY , CITY OF SAINT PAUL - � No. • $5., OOQ GEITERAL OBLIGATIOV DEVELOPMENT . BO�1D OF 1979, S�RZES B � �NOT�T ALL MEIJ BY THESE PRESENTS that the City of Saint Paul, Rams�y County, rlinnesota, certifies that it is - indebted and far value received promises to pay to bearer the principal surn of FIVE THOUSAIdD DOLLARS . on the first day of February, I9 and to pay interest thereon from the date hereof until the principal is paid at the rate of ' percent ( g) per annum, .payable on � the first day of - August, 1979 and sem�.annually thereafter on the first day. of February and the first day of August in each year, in� � �terest to maturity being represented by and payable in accordance with and upon presentation and surrenc�er of the interest coupons hereto attached, as the same severally become due. Both principal and interest are payable at . or any successor paying agent duly appointed by the City, � in any coin or currency of the United States of America � which at the time of payment is legal tender for public and private debts . All bonds of this issue maturing in the years 1992 to 1994, both inclusive (bonds numbered 286 to 413, both inclusive) , are subject to redemption and prepayrnent at the option of the City in inverse order of serial nuinbers, on February 1, 1987 and on any interest payment date thereafter at par and accrued interest. Published no-tice of redemption shall in each case be given in accordance with law, and mailed notice of redemption shall be given to -fhe bank cvhere said bonds are payable. This bond is one of an issue in the total principal amount of $2 ,065,000 all of like a�te and tenor, except as to serial number, maturity and interest rate, vrhich bond has been issued pursuant to and in full conformity with the Constitution and laws af the State of �innesota for the purpose of providing money for contributions to a rede- velopment project undertaken by the H.ousing and Redevelopment Authority of the City, designated as the P'ark Nursery Redevelopment Project. This bond constitutes a general obligation of the City, and to provide moneys for the prompt and full payment of said principal and interest when the same b ecome due, the full faith and cre�it and taxing powezs of said City have been and are hereby irrevocably pledged. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by �he Constitution and laws of the State of t�innesota to be done, to hap�en and to be performed, precedent to and in the issuance of this bond, have been done, have happened and have be�n perfarmed, in regular and due form, time and manner as required by law, and this bond, together with all other debts of the City outstanding on the date hereof and the date of its actual issuance and delivery does not exceed any constitutional or statutory limitation of indebtedness. IN 6�IITi1ESS VdHEREOF, the City oi Saint Paul , Ramsey : County, i�tinnesota, by its City Council has caused this bond to be sealed with the facsimile of its Official S.eal, to be signecl by the facsimile signa�ures of the i��ayor, attested by the facsirnile signature of the City Clerk, and countersigned by the facsimile signature of its Director of Finance and I-ianagement Services, and re-executed by the manual signature of one of sucn officers , and has caused the interest coupons . to be executed and authenticated by the facsimile signatures . of its said officers, all as of January l, 1979 . /s/ Facsimile P•iayor . Attest � /s/ Facsimile City Clerk – — Countersigneci /s/ Facsimile Director of Finance and iianaqement services (Form of Coupon) No. . , . _ $- , _ . On the fi'rst day of August (February) , 19 , unless the bond clescribed b°l.ow is called for earlier re- demption, the City of. Saint Paul, Ramsey County, Minnesota, �aill pay to bearer at � or any successor paying agent duly appointed by the City, the sum shown hereon for interest then due on its General obligation Development Bonds of 1979, Series B, No. dated January l,. 1979 . � Countersiqned Attest /s/ Facsimile /s/ Facsimile /s/ Facsimile Director oi Finance and City Clerk T�Iayor P�ianagement Services - - Er,�1z�zT B . _ � -- --- TOTAT, GI�.i�EF�AI'� O'r3LYGA'I'103� DrF�ECT DT:E3T A.s of Dzc:ernGz.� ?., 197� Date of priUinZl Final T'rin�i��.1 Issue � Ou�st�ndin� Amount h7at�rity pu?'�o_e o 1-1-54 $2,25Q,d00 1-1-11S4 Cap. Ap�c•oach, Se:.0 $ 67.5,�OU �-1-5� 3,30Q,OQ0 4-1.-138� Gen_Imp., S�r.1 9'15,000 2QCt Oa0 5-1-I9F35 Gen.Imp,q Ser.2 1_s I.OU,UUO 5-2-a� 3:. . � . . ; ,, . - � � tip Q'O�Ut�) - � 5-Z-5� 1,SOO,OOQ- 5-1-1985 '�Yaterv.or,�s J.SO�UUU � 11-1-55 500,000 11-].-1985 Gen.Irn�., Ser.3 � 670,000(?.) 3-1-5S 2,Q00,�00 3-1-1986 !��ates wa�scs, Ser.1956B � � �ej7Q 000 6-1-55 3,800,004 6-1-1986 Gen.Imp., Ser.4 > > 11-1-56 650,000 11-1-1986 De�eniion Facility 265,000(I} 11-1-56 500,OCQ �1-1-1956 Cap- Ap�''cach, Ser.4 � . 200,(l00 4-1-57 I,OQO,OOC 4-1-198? �'�Taierwor�.s, Ser.19�7C � �0�,(�00�7,) 4-1-57 3,463,�00 �-1-1987, Gen.Im�., Ser.S • 1,530,000 3-?-58 2,�83,U00 3-1-1985 Gen. Imp., S°r.6 . . . 1,1G0,000 3-�I-SS 1,OOQ,000 3-�-19�� ti'aiercvor�s, Ser_19��D 445,000(2) 9-1-58 3,0�0,000 , 9-1-1988 � j'Jaterworl;s, Ser.l 1,�3�s000(2) 2-1-59 � 5,501,�00 2-1-1983 Gen_Imp., Ser.7 . _ 2,S56,UOU 2-Z-59 3,0OO,OLO 2-I-1989 tiVateryvorl;s, Ser.2 - - . 1,4��,U00(2) �9-3-59 3,500,OOQ 9-1-1989 `ti'a�ert�orks, Ser.19�9A X�7/�Oy000(2� 9-1-59 SS,QOd 9-1-1989 Jt. Hosp� F2cility, Ser.l . . - 37.,400 1-I-6Q 500,aa� 1-1-1990 Jt. Deteniion Facili�y . 285,Q00(1) 6-1-60 1,I38,aQ0 6-1-1990 �Gen.im��, S°r.8 . 635,000 6-1-60 495,[2�0 6-1-�.9°D Jt_ �Tos�� Facility, Ser.2 2$0,000 .. 6-1-6Q 2,OOQ,OQO 6--1-1990 tiVater�vorks, Ser_�9608 1_,0�0,000(2) . 3-I=61 700,000 3-1-1991 Flood Corctral �`=?�3U00 3-1-61 I,474� ,d00. 3=1-?�9I Gen. Imp., Ser.9 854,a60 3-1-61 2 Ofl4 �fl0 3-1-IS91 . jh'ate�vor'_rs, S°r.1�61C � 5��5,000(2) -3-2-61 1,25Q,OOQ 3-1-1931 'T�un�c H:on,vay, Ser.I '�---320,000(�) 9-1-67. 2,5QO,OQO 3-1-1991 Por� Auth:,rity-Gen.Imp.,Ser. A - � 1,�iG0,Q00(3) 31-1=6I 3 500 000 10-].-1981. Trunk Highs>>ay, Ser. 2 . G30,0UO(�) � .- � � �35 000 " 1-6I 4QO,QtIO 10-I-�99I Flood Control . _ s If�-I-6I 200,000 10-1-2991 Jt. Crt. House & City Hall Rehab.,Ser. Z J.zS,pDO 4-1-52 � 2,500,OOD 4-1-1992 Port Autho�ity-Gen_Tmp.,Ser. B . 13550,000(3) . 8-I-62 3,Q97,OQQ 8-1-1992 Gen_ImP-, Ser. �0 . . - _ S-,gx7,U00 - 8-1--6 2 5 0 Q,0 0 0 8-1-1992 Riverviet� Storm Se�ve:, Ser. ]. 325,000 8-1-62 3QQ,000 8-1-1992 Jt. Crt_ Ha�:se � City HaII Rehab.,Ser. 2 : ],95,000 8-1-62 700,Q00 8-1-1992 Jt_ Hosp_ Facilt�y, Ser_ 3 . 455,000 12-1-62 2,500,�t10 12-�-1992 Port �iuthoLity-Gen.Imp., Ser_ C I,55Q,000(3) 11.-2-63 300,000 _ 12-I-1993 Joint Detention F�cility ].70,000(1) 6-I-63 2 500 000 6-1-i993 Port qut�:o:it;�-G°n-Imp., Ser. D 1,630,000(3) 11-2-63 2,00O,OOQ 11-1-1993 Jt_ Hosp. Faeili�}*, Ser. 4 1,320,OOD 1I-1-S3 4Q0,000 21-1-1993 Fire Statio�- 270,OD0 6-3,-64 2 S00 000 6-1-1994 Port Autho�it�.� - Gen.Imp. , Ser. E 1,71A,000(3} 10-i-64 I,150,000 14-Z-1994 Jt. Hosp_ Facility, Ser. S � S2J,000 � 10-1-64 1,700,00� . 10-1-1.994 Urban p�enetti�al, Series 1964A I,230,00� 4-1-6� 2,270,OOa 4-1-1985 1�'unk High:ti=�y, Series 3 1,100,000(�} 10-1-65 ?SD,000 IO-1-1�95 Urban Rene<<:al, Series I9658 �- 5SO,OOfl 10-1-65 $1,40Q,000 10-1-1�85 P.I.R.- Refundino $1.,000,000(2) 6-1-66 1,500,00� 6-1-1996 Pori Auth�rit��-Gen.Imp. , Series � 1,7.�'�Q,000(3} ' 7-1-56 980,000 7-1-1986 Trunk High�:4y, Series 4 650,000(4) ?-1-66 2,000,000 ?-1-1996 '�V�tere.�or�:s, Serie� 1966D I,500,000(2) ' ?-1-66 1,150,000 � ?-1-I996 Urban Renet�ral, Series 19G6C 900,000 10-1-6? . 1,500,000 10-1-1997 jlTater�vor4:s, Series 2967E . 1,140,OOQC2) -31- � .� � ` . P�intij,:�t � �in�l •- � L�,��c o;`� O�i�in��l 011tS(r11Gii)�r :�:no�:::t n'Ii�tu[•itt• .• Yur��o�e C. I'�,�` -______--- ------ � ?7� 000 10-1-1997 Uc•barz Ren�.��:al Seri�� 19�717 1,8].�,OOf) 10-1 -6; _ ,- , � ' 2U�,000 lu�-I-S7 2�0,000 10--1-1997 Storm Se�•:er 3-I�6S 2,000,000 3-1-199S Port At�iiiorit:�-Gen. Iri�p. S��ries G-1 2'205 s 000{3) � �-�-�S 2,6�5,000 S-]-199S Urban Ren�ti:al ' ' � 2-7,-;9 2,SOO,OJO � 2-1-1999 Port Ai�itiority-Gen_ Irnp. ,Serics G-2 3.,900,OQn(3) ?1-]-5� �,000,000 11-1-1979 Cap. Imp. , Series 1�t��C �OO,OOn 1i-1-�9 6,000,000 11--�-19�J Civic Cer�ter, Se�'ies Y��93 �s630,O1r0 p� Series 19i0 9UGsODO 5-1-�J �,�C0,000 8-1-1980 , Ca Tmp�., . . � 5-7.-70 3,OOO,fl00 � 8-1-2000 Urban Reneivai, Szrie� �.�70� - . 2'��OjUO� . . 0 g_�_;E 3,OOO,D00 8-1-200Q ` Cir.�ic Centec, S::ries 1S70A $�.xG�s�� . 4 8-1-:0 10,000,000 8-7.-20L0 Civic Center, S�ries 1.97DB � . y . 1-�-;7 2,650,000 1-1-2001 Pori Autnoriiy-Gen. I�P-, Series� �� 2,775,000(3)_ 3-1-7I 2,000,000 3-1-2001 S"later PoLution Abatement, Series 1977- ��3�0�000 ' 3-1-c 1 4,500,000 - 3-1-1981 Cap_ Im�. , Series 1971 ��9�0�Oa0 2-1-:? 5,6Q0,000 2-1-2Q02 Urban Re;�eti•:al, Series 1972G I�$OOsoGO 2-�-�? 4,500,000 2-I-1982 Czg. Imp. , S?ries 19�r2 s � 2-1-72 2,000,000 2-1-2002 �4'ater Pollution Abat�meni, Szries 1972 2sS20�00� 12-1-c2 3,000,000 I2-1-2002 Urban Rene��:al, Series 1972H �:$�Q��OQ 5-1-?3 6,355,000 5-1-2003 Urban PLenet�;al, Serie� 19731 � _ � . . 5-1-i 3 2 000 000 - 5-].-2G03 ; j'ti'ater Pollution Abate,nen�: Series 1.973 23250 S 000 5-1-73 4,50fl,400 5-1-1983� C�p. Imp-, S2ries 1973 • 2'gg53000 . 4-1-t-'_- 3,Oi5,000 . .4-Z-240� UFb8i1 P�enej•�Gl, Series 197=�J > > �-1-<<< 5,680,000 . 4=1-198�z He�lth L� Cap. Imp- , Series 197f 3,440,00p E_X-c i 4,p00,00D 4-I-2004 jlTater Polluti�n Abat�rien�, Seri�s 1974 3,800,000 . . . t � 550 000 • 3-1-�� 6,50�J,004 3-1-1985 Cap_ Imp_ , Serizs 1975 � s i , 3-1-7� 1,500,000 3-1-�995 P•.ehab_ Loan ProD am, S�ries I975 If275,000 _ 3-1-�5 4,000,000 3-1-200� _�S'ater F�llui�oTt Abatenent, Series 1.�75 3,�60,000 12-1-i5 4,600,000 12-1-199� Do.vn�o��;n Det'el. Disf., Series 1975 4,500,000(5} 12-I-75 4,�D0,000 � I2--1-�.99� Urban.�ten��s:�1. Series 197�L : 3s900sDGQ(5) - . . 6-�-�6 5,600 000 12-1-I993 G.O. Refun�:�g flf 1576, Series I 5,2�:0,000(3) 7-1-i6 �,050,000 2-1-�994 G.O. RQiundino af 197&, Series A : 4,050,000 �-1-7E 6,Q04,000 2-1-2003 G_O. Reiundino of. �1976, Series D . . 5�5�O�U0o 10-I-76 6,000,004 . 2-1-I986 C�p. ��P-, �eries 1976 ? � � 10-1-t6 1,000,000 . . 2-1-1987 RehaS. Loan Pro�rar�, Series 19'Z6 5 ��80��0 5-1-7[ 6,000,000 5-1-1987 � Cap. Imp-: Series 1977 > > �D - Im Series 1978 6,500,000 2-1-75 6,500,000 2-1-1988 C�p. p.� , . . 2,065, 000 � � . G.�O. Development Bonds of 1979, . • Series B . • - - - � � G.O. Refunding Bonds of 1978 - _ 6, 510, 000 G.O. Development Bonds of 1979, - - • Series A " (S) i he C_'ity is Deing reim.bursed by Romsey Cou'dy �or d2L[ service af thesa bor:ds. - . (2} Sip�o:Led by reven�las oj the tilater Utifi[y_ (3) Eon�'s oj the Port A+jt'r:ority althori�ed Dy the City'artd secur¢d by the �uti �cith cnd 'eredit oj the Ci[y n( S[. Pa:�i- • the S[cte of (6) The p�irtcipa! onfy fs bsing pnid jrom nort-interast bzorirtrJ bor,ds oj . briruie;ota Aetd by Lhs City; the City f5 t�spO2Si010 �or the in[erest. , • ------'y-�—"�- —.�. . . -- -- --. . .- . � -- • _ � ; • E � EXHIBIT B ' . UNITED S 1'ATES OF AI�LERICA � , STATE OF 2IIN�7ESOTA RAMSEY COU�ITY CITY OF SAINT PAUL � . - No. - $S, OOQ GE�TERAI, OBLIGATIOV DEVELOPMENT . BOND OF 1979, SERIES. B � KNOt�T ALL MEI�T BY THESE PRESENTS that the City of Saint Paul, Ramsey Coun-�y, 1�linnesota, certifies that it is indebted and for value received promises to pay ta bearer the principal sum of FIVE THOUSAND DOLLARS . on the first day of Februar�r, I9 and to pay interest thereon from the uate hereof until the principal is paid at the rate of percent ( o) per annum, .payable on �the first day of � August, 1979 and semi.annually thereafter on the first day of February and the first day of August in each year, in� � �terest to maturity being represented by and payable in accordance with and upon presentation and surrender of the interest counons hereto attached, as the same severally become due. Both principal and interest are payable at . or any successor pay.ing agent duly appointed by the City, � in any coin or currency of the United States of America � which at the time of payment is legal tender for public and private debts. All bonds of this issue maturing in the years 1992 to 1994 , both inclusive (bonds numbered 286 to 413, �both inclusive) , are subject to redemption and prepayment at the option of the City in inverse order of serial numbers, on February l, 1987 and on any interest payment date thereafter at par and accrued interest. Published notice of redemption shall in each case be given in accordance with law, and m�iled notice of redemption shall be given to the bank where said bonds are payable. � This band is one of an issue in the total principal amount of $2, 065,000 all of like date and tenor, except as to serial number, maturity and interest rate, which bond has been issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota for the purpose of providing money for contrib utions to a rede- velopment project undertaken by the Housing and Redevelopment Authority of the City, designated as the P'ark Nursery Redeve2opment Project. This bond constitutes a general obliqation of the City, and to provide moneys for the promnt and full payment of said principal and interest when the sa�e become due, the full faith and crec�it and taxing powers of said City have been and are hereby irrevocably pledged. IT IS HEREBY CERTIFIE�J AND RECITED that all acts , conditions and things required by the Constitution and laws of the State of r�iinnesota to be done, to hap�en and to be _ performed, precedent to and in the issuance of this bond, have been done, have happened and have be�n performed, in regular and due form, time and manner as required by law, and this bond, together with all other debts of the City outstanding on the date hereof and the date of its actual issuance and delivery does not exceed any constitutional or statutory limitation of indebtedness. rN ��JITiJESS VdHEF2EOF, the City of Saint Paul , Ramsey County, i�iinnesota, by its City Council has caused this bond to be sealed ��ith the facsimile of its Offa.cial Seal, ta be signed by the facsimile signa�ures of the i�1aj or, attested by the facsir�lile siqnature of the City Clerk, and countersigned by the facsimile signature of its Director of Finance and I•ianagement Services, and re-executed by the manual signature of one of sucn offic�rs, and has caused the interest coupons to be executed and authenticated by the facsimile signatures . of its said officers, all as of January l, 1979 . /s/ FacsimiTe riayor � Attest �. /s/ Facsimile City Clerk — � Countersigned /s/ Facsimile Director o� Finance and ilanagement services �, -„ ' . . �,; .,::. s � � : � . . �' - � � l.�iii_i 13i'.0 - �� S�R3�iCzS"fiED I�CC�.�RA`� MUNIGf'�1L CONSULfAf�fTS SOOOSf30RN (3UILDING • SAINTPAUL,Po11NN[SOTA 55102 • IG121 222-4241 $2,065,000 GENF.Rr'\(� Ol3i,IG�1TION DEVI�LOF'ti1ENi' �ONDS OI� 19i9, S�:RIES F� - CI'I'Y OF SAINT PAUL, A'IINNESUTA A�V.1RD: BAC�tIL IIALSEY SI'UART SI�IELDS INCOPPO��'I'i,D Necv �'ork, Ne�v York And Associates S,I�� December 12, 1978 Ratin�: /1a Net lr�t��r�::t Bidcicr -- __ Coupons Price ---„ Cost Ztc I�;�tr, B!1CHF �IALSF.,Y STUART 5.25% 1953-87 $2,043,497.80 $1,173,560.53 . S�IIELDS I�ICORPORATED 5.30`,'0 198g (5.5482"v) Croci:er National Bank 5.40% 1.9SJ-90 A.G. BecKer dc Co. Murlicip�l 5.50"6 1991-92 Securiti��s, Inc. 5.fi0�6 1993-J'� I�t�hncstocl: ck Compzny 'I'he C;onne<�ticirt I3�in� and `I'ru:;t Cornpany Oppenheirner dc Company Fir>t of Michig?n Corporution� Adams, NtcEntce �C Co. Laidlaw, Adams & Pecl; George K. Baum dc Company, Inc. � NTunicipal Securities, Inc. Rani�r National Bank - Raf fensperjer, Hughes & Co., Inc. Shelby Cullom Davis & Co. L'i�'I IC A. Duncan ti9illiams, Inc. ZViLson White, Belf, Lake, Roc'nlin dc Co. TFIE CHA�E MANHATTAN 5.25°6 1983-86 $2,042,070.10 $1,175,634.90 BANK, N.A. 5.30% 1987-88 (5.5580°6) HARRI� TRUST AND SAVINGS 5.40% 1989-90 BANK, CHICAGO 5.50°'0 1991-92 BANCNORTHtiVEST, CHICAGO 5.609'0 1993-9� MERRILL LYNCH WHI'T'E WELD CAPITAL MARKETS GROUP MEP�RILL LYNCH, PIFRCE, FFNNER dc S11ITH INC. i,�t�nt�n Rr��th��•� i�iihri 1.r��1�. li�c�. E�irtit Nctti��nril lt,ink of (1c��,!'n, !'urtl;tn�l John Nuveen �� Co., Incorporated L.F. Rothschild, Unterberg, Towbin First Nations�l Ban� in Dallas First titi'isconsin National F3ank of Milw�u{<ee I�larinc Micll,�nd 1�Runicipr�l� Co., �3ufFailo E:urupetlr�--,lrncrican i3ii��l: �'F '1'rutit C'o. 'I'rust Con��iny Btank, Atl�int;i Indutitri�l National Bank of Rhode Island, Provi�erice Bevill, �;resler dc Schulman Securities, Inc. 11labon NuUent dc Co. Bar�co F'opular De Puerto Rico Fidelity Union Trust Co., Newark Chester Harris �c Co., Inc. Sears Bank dc Tcust Co., Chicago Commerce E3ank, Kansas City, 1��10. Johnston, Lemon dc Co., Washington, D.C. National Banl: of Commerce, Memphis Reinholdt dc Gardner, St. Louis ' � ;, • 'Y Ekt„_i�:['C A ` I�<, `�ol:�;i 1'le�rti:� � � j'; r�i�;':it!��;lot�, t).�;. } i',,,�'. !li�t�).,� ,t- C'��., illc. , C'f[l�::',-1►� '�\!, I��N1� 5.?.5"�� 1!ly3-$� $?�0��'l�(�iG.G(1 $l � 1RC�fGG.32 S1't�;'fI t>-'1ItiT�f�.Y, FlAItiZIS UPF:[:1i1T 5.30"6 1935-Sfi (,.�lpy<;�) �'� CO., INC. 5.40°6 1987-88 �'�aut�rl�,k & F3ros��n, Inc. 5.50�;0 1989-91. Ea-con, jti'hi�,ple ,'�. Co. 5.f 0°�, 1992 P€��1:c��/�fui�tec, I;�^. 5.7U�?�, 1993-9�� .The First Nati�n�31 Eanl: of S��iir�t �'aul Fir�t �Tational Ban:: of Minne�l�olis �':achovia Barl'.: and Trust Cornpany, N.A, alli;on-jVilliams Com�any YCeS�ott� Ball & 1'urben 'fl�e Oh�o Com��y RIill�r tti Schroeder il�tii�icipr�l.�, Inc�. CiTI��ANK, N.�. 5.30°,0 1983 $2,042,000.00 $1,19Q,Si0.44 'I�IIF r'1itSP BOS1'ON COl�PO1�,ATION 5.40''6 ]98�-57 (5.f,28f�;) E;1iJl� n�' r\;�l 1�.1-�Tt�;A, N.'I'. ck. S./�. 5..`"i0°.b 19$3-�l Unitccl C��lifornia Eiank 5.f0"� � I�J?-J4 �ti eeden ��: Co., Ine. St��he��s, Inc. � H:•:�v��n eotners IIarriman bc Co. 'I}�e Ct�icabo Corporation iliar•ir,e �'ational Exchanbe Bank F�oosevel_t & Cross, Inc. Rot:�n 1Zos1��, I.►lc. 1'hornson �l-IcKinc�on Sec. Inc. R. jti'. Corby ac Co., Inc. TFIF. FC"ttST NATIONAL BAi�'i� OF 5.?5�0 1983-8� $2,0��2, 104.10 $1 ,1�0,610,�� CF1Ic;AGO 5.30�;0 1987 (5.628807�'��) T�IF NO1;,-1'tIT?}�,t�1 TRUS'I' CO!'�1PAN1' S.40°,0 1983-89 CONTINEN'I'AL ILLII�TOIS NATIONAL 5.50So 1990 � BANK AND TKUST COP71'ANY OF 5.60^0 1991-92 CFIICAGO 5.70°'0 1993-9� 11lell_on Bank, N.A. �ti'.��. 1!Zorton E� Co. (Div. of American Expr�ss Company) Shearson Hayden Stone Inc. Dean �Yitter Reynolds, Inc. 1'he Philsdelphia National Bank '�Iercantile Trust Company, N.A., St. Lot�is Girard I3ank LaS�11_� National Bank T1ne First National Banlc & Trust Co., Oklahom� City American National Bank, St. P�ul Ferris & Company Inc. Zahner and Company PiE�er, Jaffray �t Ho�woo�l, tncor�por�t�d �lilli:t,n i;l:�ir ,� C'�n�E�:i��, �l�'[`C'�1zlll�S Nil�li�fltll }itlll�� l'li`:< <_�(�,� Indi,inapolis Ronald F,. Curvin, Gorsetman �C Co. Fulton, Reid & Staples, Div of �9m. C. Roney & Compzny -In Association �ti'ith- KIT)DT;Ft, PT:ARODY dc CO., INC. I)fLI:XF',f, }3UIZNIIAl�1 [,AM(31�:ft'1' ��C CO., IN('. A1�� lirowt� dc Sons :t9o��eley, H�11gFlrten ac E�tabroc�l:, Inc. Daiii, K�t]rnan �c C,Zuail, Inc. 'I}�e illinois Compuny, inc. AIcT�onald h Cor�pany 1 . . -. . r s �; r k �•�� • � K .. ; . "��," - . .. L...�tirlT !� llr.,r,.•:, �- Ci�l�lcv. �''a� ��Oi�'C� i3?i'ili�:> �� c�O11Cl:i�i11� I[ll'. 'f'h�� '�iil�.ti��u!;t��• C'omE�,�ny . 11;��>r��, •Iiir�in '< ('«. Nct•,�lr,tr�:l, C��a�: �4: C'o. P;it•':, Rti��in, Inc. Ro��ert S.C. Petcrson, Inc. Scr��teffer, ticcker & Co. b'1.R. Vich & Co?npaily A.1b'. %ucl:er & Co. ?�IO�ZG?1N GUAt�.ANTY TrtUS�.r 5.40�0 1983-8� $?,0�2,296.00 $1 ,Zt1 ,858.00 COi1TP�NY OP NEW YUKK . 5.50°�'0 1985-90 (5,7�y2o,t;� SAL7I110I�1 BROTHF.RS 5.60°0 19�1 BEA Et, S'I'E_1ItI�S & CO. 5.70>'� 1992 GUI�UIIAN, SACIIS � CU. 5.80°b 1993-9� DON,�ILDSON, LUFKIN & JEi�1(�,F,Z'TE: SE;;URITIES COP.P. REOFI'[;(tIt�G SCEIt?DULE 01� 1'lIt; PURC}IAS(;1�, Rate Year Yield 5.25°,0 1983 5.20�'0 5.25°0 1984 5.20�0 5.25% 1985 5.2�"0 5.25So 198G 5.25�"0 5.25°.b 198? 5.25�?'0 5.30°� ].988 5.30% 5.40°� 1989 5.40� 5.40°,6 ]�90 5.4�G'o 5.50°,6 1991 5.50�� 5.50°6 1992 5.55� 5.60°0 1993 5.60% � 5.60°,0 1994 5.60"'0 . BBI: 6.29 Average I�Taturity: 10.24 Years . -, < � ' � °`�� , � . t : , � . � r.h��>>1�� , '�Q 2- � �� ''R�f�'�'�TFb Il��.�R�►�'E� MUNICIf'AL CONSUL(AfvTS 800 OSE10i;N E3UILDING • SAINT PAUL,MINNESOTA 55102 • 1612) 222-4241 $2,065,000 GENE��.�1i, 013LIGATION Dt��'ELOI"�IENT I30NllS Ol� 19"r9, SL:RII�S F3 - CI'I'Y OF SAINT P�UL, A'IINNESOTA A�VAItD: BACHL' 1IALSF.,Y S'I'UART SHI}�I,DS 1:1CORPOF��'I'FD Ne�v �'ork, Ne�a� �'ork And r'�ssoCiates S:'�LE: December 12, 1978 Ratinc• Aa - ---- ---- - Net (r�tr,� ��;t 13idcl^r__ Cou_�� ori.` Pri��e - - Cost �'F R.;itr, BACEIF, HALSEY STUART 5.25% 1953-87 $2,043,497.80 $1,173,560.53 , S�iIEGDS I�ICORPORAT'ED 5.30°,0 198S (5.5452��;) Croci:er National Ban!< 5.40% 1.989--90 A.G. Becker & Co. Municipal 5.50"0 1991-92 Securities, tnc. 5.60% 19�3-9� Fat�nestock cY Company 7'hc Connecticut F3ank and Trust Company Oppenheimer �C Company Fir�t of Michig�n Corporation Ad,�ms, 1l�IcRntce dc Co. Laidl�iw, Adams LF Peck George K. Saum dc Company, II1C. � Nlunicipal Securities, Inc. Ranier National Bank • RaffensperJer, Hughes ac Co., Inc. Shelby Cullom Davis ac Co. U NI IC A. Duncan `Villiams, Inc. `Vil.son White, Belf, Lak�, Roci�lin dc Co. THE CHASE MANHATTAN 5.25°v 1983-86 $2,042,070.10 $1,175,634.90 BANK, N.A. 5.30°'0 1987-88 (5 .5580°'0) HARRIS TRUST AND SAVINGS 5.4096 1989-90 BANK, CHICAGO 5.50°'0 1991-92 BANCNORTHtiVEST, Cf-IICAGO 5.60% 1993-94 MERRILL LYNCH WHITE WELD CAPITAL MARKETS GROUP MEP�RILL LYNCH, PIERCE, FENNER d� S11ITFi INC. T,c�hni;tri T�r�,th��•�: i��il�n i,�rl�. inr. Fir;t N,itii�i�r�l ltttn{c oC Ure�,��t, !'c>rtlr�n�l John Nuveen �: Co., Incorporated L.F. Rothschild, Unterberg, Towbin First National Bank in Dallas Fir�t titi'isconsin National Bank of Milwaukee 1�larine Midland 1��[unicipals Co., Buffalo F.urope�tn-,1m^rican T3�Rnk �C Tru�t Co. Tru�t ComE�,tny T3r�nk, Atlririt,� In�lu�tri:il N�iti��r�t�l l3t�nl; of ithu�lc I�l�in�l, Provi�ence Bevill, Bresler dc Schulman Securities, inc. A�1��bon Nu�rc�n i �F C'o. Bnn��c� t'oE,ul�ir 1)c Yucrt�� Rico Fi�lc.lity Unior► Trust Co., Hcw�irk Chester Harris �c Co., Inc. Sears Bank dc Trust Co., Chicago Commerce �3ank, Kansas City, Mo. Johnston, Lemon dc Co., Washington, D.C. National Banl: of Commerce, MemQhis Rei►iholdt bc Gardner, St. T,ouis _ �� ,. . - . � , s �. �� }�� I:xi�i'i�;L'1' 11 i - _ f��•_�= ?�:�i:�_� }��t��rni:r� ,, ti';t��,'.�i+��;to�i, 1�.�;, , f'�• .;�'. I<<�uj�� t �'r�., inc. , C'f[f::�',11��'�\I� 1;��1i 5.25"�', 1',)53-4�� ?,l)=�'i�1;iG.FQ $l � 1Rf,fiGG.32 S11I�i'iI i>�1RT�►��:Y� �IEIRIZI� UU�j_�t1�7 5.30°.0 193�-3G r o, (�. .fi1CJl. ,o) �� CO., INC.;. 5.4096 1987-S8 �� lUtr'I•l�,k & f3rocvn, Inc. 5.50`;0 ]98�-91 f�acon, �1'}�ipplc �r, Co. 5.f 0°� 1992 P��t�l:c�/Ilt:nt:�r, I;ic. 5.70°� 1993-9� _"Che 1 irs�t N�ttional 13anlc of S_iint Pat�l Fir�t Na�tion�l T3�tn'c of 1-linnen_�oli� t':�cl�ovi;� Lan!: and Trust Com�7any, N.A. Allisorl-jti illiams Company Prescott, Rall c`: 'i'urben 'f;ic Uhio Com;�:iny 11Ii11^r � Sct�roeder �Viu�iicipal�;, ITic. Ci'PI��NK, N.A. 5.30`;� 1983 $2,042,000.00 $1,190,570.44 TIIF, t�liZS�P t30S�1'ON COlil'�1;,A'I'ION 5.40"0 19S��-S7 (5.f28�i°ri�) E; 1?11� (��' r1;�1i31�Tt;A, N.'1'. & S.A. 5.50��> 19F3-�Jl Ur�itecl C�iliforni�:� f3�jri!: 5.fU"� ]JJI-J�� 1�eden & Co., 1nc. St�.��hens, Llc. � Br��•��n Cot'ners IIarriman 1c Co. Tne Chicaao Corpor�tion liari^e National Excilange Bank �'.00sevel.t �� Cross, Inc. Rot:1n 19osler, Tnc.. TIlO11lCOI1 i��TCI�lTlll01"1 SeC. inc. IZ. i1'. Corby bc Co., Inc. Tf[F. f�IEZST NATIONAI, t3A1Vli C)}� 5.25°b 1J83-8i $2�042� 104 .10 $1 �190�f10.f1�1 C(11(;/1(TO 5.30�;C� 1�8'T (5.fi?3$07','i�) Tf�II�. NO��'1'i�T:KN TRUS`l' CUr�'IPANY 5.40�6 1988-89 CON'I'INENTaL ILLII�TOIS NA1'IONAL 5.50Sn 1990 � BANK AND TRUS'I' COn1PANY OF 5.60Su 1991-92 CHICAGO 5.70°'0 1993-9�� Dlell.on �i�nk, N.A. j5'.H. Pllorton & Co. (Div. of American Expr�ss Company) Shearson Ilayden Stone Inc. Dean Nittec Reynolds, Inc. 1'he Philsdelphia National Bank '_1Iercantile Trust Company, N.A., St. Louis Girard F3ank L�S�11� Nati�nal Bank The First �tational Ban!c & Trust Co., Oklahom� City American National Bank, St. Paul Ferris � Company Inc. Zahner and Company Piper, Jaffray �'F flopwoocl, in�c?rpor•ntec9 ��illi;im T;1r�ir ,Q C'c�ni�,;in�t �lerc,�h�tnt, Ntiti��n��l Itttnk �� 1'rttr;t �'ca•, IIIC�I�Rc�[�UI1S Ronald E. Curvin, Gorsetmar� 8c Co. Fulton, Reid & Sta�les, Div of �Vm. C. Roney & Company -In Assxiation tti'ith- IC11)DF.fZ� PT�,r1130DY & CO.� INC. J)f�1:�l�;I, f3U1ZNlfAM I..A1�1I�tl:it'1' �� C:O., iN('. Alcx Rrown dr. Sons :l7oseley, Ilatl�arten ac FstaY�r�ok, Inc. Dain, Kalman L�c �uail, Inc. Th� illinois Comp:iny, Inc. �llcr)onald &: C:orn�any �,r � • . �:; _ . . � �� ; ,. �:�vi_iY,TT A 'llc�a_�� ,? S�'�hl�_�V, C'a! }-[o�vc, ii�:��n;,.; �'� <l��iiri;un, i>>c�. , '1'I�<� i�lil�:vnu!�r.�� Con�E��ny . !�lo�>r��, .liir,in '; ('o. Nc�vhcit�cl, Cook �4, Co. Pat':, R�'an, Inc. F�ohert S.C. Petcrson, Inc. Sch�teffer, Nccl;er & Co. 11.F�. 1'ic� & Company A.6ti'. '/_,ttcl:cr � Co. ?�10T�.G�1N GUARANTY 7'RUS'C 5.40�?'0 1983-8� �2,04?,29G.00 $1.,2L1 ,S58.00 COIIPANY OF NE�1l YUltt� . 5.50"0 1985-90 (5.7292°,�) SALOII'ION BROTHF..RS 5.60°0 19'J1 BEAft, STEf�.RNS & CO. 5.70°� 1992 GUi,D11AN, SACFIS & CU. 5.80°0 1�93-9� DOTtALDSON, LUFKIN & JEi1IiE'I'TE; SF.CURI'fIES CORP. � REOl�l�(�,KI[�G SCF�I}�.DtiLE OP 1'fIE 1'UItCIIASER Rate Year Yiel;� 5.25�,"0 1983 5.20°.0 5.25�,"0 1984 5.?0°0 5.25�� l•9�5 5.20"� 5.25'-'0 198G 5.?.�'u 5.25';0 1987 5.25°.'0 5.30°�6 1983 5.30°b 5.40^, 1989 5.40`;� 5.40�'6 1 JJO 5.45�:�> 5.50�?b 1991 S.50"� 5.50°6 1992 5.55% 5.60�0 1993 5.60°�'0 � 5.60% 1994 5.60 0 . BBI: 5.�9 Average I�1at;�rity: 10.24 Years Folger Nolan Fleming Douglas Inc., Washington, D.C. Frank Henjes b� Co., Inc. CHEMICAL BANK 5.25% 1983-84 $2,047,676.60 $1,186,666.32 SMITH BARNEY, HARRIS UPHAM 5.30% 1985-86 (5.61D1°X�) dc CO., INC. 5.40% 1987-88 Wauterlek bc Brown, Inc. 5.50� 1989-91 Bacon, Whipple dc Co. 5.60% 1992 Parker/Hunter, Inc. 5.70% 1993-94 The First National Bank of Saint Paul First National Bank of Minneapolis Wachovia Bank and Trust Company, N.A. Allison-Williams Company Prescott, Ball �C Turben The Ohio Company Miller bc Schroeder iVlunicipaLs, Inc. CITIBANK, N.A. 5.30% 1983 $2,042,000.00 $1,190,570.44 THE FIRST BOSTON CORPORATION 5.40% 1984-87 (5.62819i6) BANK OF AMERICA, N.T. dc S.A. 5.50% 19$8-91 United California Bank 5.6096 1992-94 Weeden b� Co., Inc. Stephens, Inc. Brown Bothers Harriman Ec Co. The Chicago Corporation Marine National Exchange Bank Roosevelt & Cross, Inc. Rotan Mosle, Inc. Thomson MeKinnon Sec. Inc. R. W. Corby bc Co., Ina THE FIRST NATIONAL BANK OF 5.25% 1983-86 $2,042,104.10 $1,190,610.04 CHICAGO 5.30% 1987 (5.628807%) THE NORTHERN TRUST COMPANY 5.40% 1988-89 CONTINENTAL ILLINOIS NATIONAL 5.50°6 1990 BANK AND TRUST COMPANY OF 5.60% 1991-92 CHICAGO 5.70% 1993-94 Mellon Bank, N.A. W.H. Morton & Co. (Div. of American Express Company) Shearson Hayden Stone Inc. Dean Witter Reynolds, Inc. The Philadelphia National Bank Mercantile Trust Company, N.A., St. Louis Girard Bank LaSalle National Bank The First National Bank & Trust Co., Oklahoma City American National Bank, St. Paul Ferris dc Company Inc. Zahner and Company Piper, Jaffray d� Hopwood, Incorporated William Blair � Company Merchants National Bank �C Trust Co., Indianapolis Ronald E. Curvin, Gorsetman � Co. Fulton, Reid E� Staples, Div of Wm. C. Roney � Company -In Association With- KIDDEft, PEABODY dc CO., INC. DftEXEL BURNHAM LAMBERT � CO., INC. Alex Brown b� Sons Moseley, Aallgarten bc Estabrook, Inc. Dain, Kalman � Quail, Inc. The Illinois Company, Inc. MeDonald � Company • 3 Z � � �o SPRI� IN�OFi'PORATED MUNICIPAL CONSULTANTS 8000SBORN BUIL�ING • SAINTPAUL,MINNESOTA 55102 • (6121222-4241 $2,065,000 GENERAL OBLIGATION DEVELOPMENT BONDS OF 1979, SERIES B C1TY OF SAINT PAUL, MINNESOTA AWARD: BACHE HALSEY STUART SHIELDS INCOftPOBATED New York, New York And Associates SALE: December 12, 1978 Rating: Aa , Net Interest Bidder Coupons Price Cost ac Rate BACHE HALSEY STUART 5.25% 1983-87 $2,043,497.80 $1,173,560.53 SHIELDS INCORPORATED 5.30% 1988 (5.5482%) Crocicer National Bank 5.40% 1989-90 A.G. Becker dc Co. Municipal 5.50% 1991-92 Securities, Inc. 5.60% 1993-94 Fahnestock �C Company � The Connecticut Bank and Trust Company Oppenheimer �C Company First of Michigan Corporation Adams, McEntee & Co. Laidlaw, Adams �C Peck George K. Baum E� Company, Inc. Municipal Securities, Inc. Ranier National Bank Raffensperger, Hughes & Co., Inc. Shelby Cullom Davis & Ca UMIC A. Duncan Williams, Inc. WiLson White, Belf, Lake, Rochlin � Co. THE CHASE MANHATTAN 5.2596 1983-86 $2,042,070.10 $1,175,634.90 BANK, N.A. 5.30% 1987-88 (5.55809i6) HARRIS TRUST AND SAVINGS 5.4046 1989-90 BANK, CHICAGO 5.5096 1991-92 BANCNORTHWEST, CHICAGO 5.609b 1993-94 MERRILL LYNCH WHITE WELD CAPITAL MARKETS GROUP MEftRILL LYNCH, PIERCE, FENNER. & SMITH INC. Lehman Brothers Kuhn Loeb, Inc. First National Bank of Oregon, Portland John Nuveen & Co., Incorporated L.F. Rothschild, Unterberg, Towbin First �Tational Bank in Dallas First Wisconsin National Bank of Milwaukee Marine Midland Municipals Co., Buffalo European-American Bank �C Trust Co. Trust Company Bank, Atlanta Industrial National Bank of Rhode Lsland, Providence Bevill, Bresler & Schulman Securities, Inc. Mabon Nugent � Co. Banco Popular De Puerto Rico Fidelity Union Trust Co., Newark Chester Harris bc Co., Inc. Sears Bank & Trust Co., Chicago Commerce Bank, Kansas City, Mo. Johnston, Lemon & Co., Washington, D.C. National Bank of Commerce, MemQhis Reinholdt & Gardner, St. Louis Moore d� Schley, Cameron & Ca Howe, F3arnes �C Johnson, Inc. The Milwaukee Company Moore, Juran �C Co. Newhard, Cook & Co. Park, Ryan, Inc. Robert S.C. Peterson, Inc. Schaeffer, Necker & Ca M.B. Vick dc Company A.W. Zucker bc Co. MORGAN GUARANTY TftUST 5.40% 1983-84 $2,042,296.00 $1,211,858.00 COMPANY OF NEW YORK 5.50% 1985-90 (5.729296) SALOMON BROTHERS 5.60% 1991 BEAft, STEARNS & CO. 5.70% 1992 GOLDMAN, SACHS � CO. 5.8096 1993-94 DONALDSON, LUFKIN ac JENRETTE SECURITIES CORP. ------------------------------------------------------------------------------------- REOFFERING SCHEDULE OF THE PURCHASEft Rate Year Yield 5.25% 1983 5.2096 5.25�6 1984 5.20% 5.25% 1985 5.209�6 5.25�6 1986 5.25% 5.25% 1987 5.25% 5.30% 1988 5.3096 5.409K 1989 5.4096 5.40% 1990 5.45% 5.50% 1991 5.50% 5.50% 1992 5.55% 5.60% 1993 5.6096 5.60% 1994 5.6096 BBI: 6.29 Average Maturity: 10.24 Years