271640 �:�
� WFiL.TE - C�TV CLERK ,
PIIYK - FINANCE G I T O SA I NT PA U L Council �����0
CANARY - DEPARTM T File NO.
BLUE - MAVOR
- esolution
, �
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOLUTION AUTHORIZING A CHANGE IN EXHIBIT B OF A CERTAIN
LEASE AGREEMENT EXECUTED ON BEHALF OF THE CITY OF SAINT PAUL
PURSUANT TO C.F. N0. 271403, ADOPTED JULY 11, 1978, AND APPROVED
JULY 12, 1978; SCIENCE GENTER ACQUISITION AND LEASE.
WHEREAS, the Council of the City of Saint Paul, in Section
2 of Council File No. 271403, adopted July 11, 1978, and approved
July 12, 1978, authorized and directed the Mayor, the Director
of the Department of Finance and Management Services, and the
City Clerk to execute and deliver on behalf of the City a certain
Lease Agreement together with other documents; and
WEIEREAS, said Lease Agreement had at that time and still has
appended to it an Exhibit B which provides for an interest rate
and schedule of payments; and
WHEREAS, it is necessary to change the said rate of interest
as provided in Exhibit B from 7.25% to 72%; now, therefore, be it
RESOLVED, that the Mayor, the Director of the Department of
Finance and Management Services, and the City Clerk are hereby
authorized and directed to execute on beha�.f of the City of Saint
Paul a suitable amendment to said Exhibit B increasing the interest
rate therein provided from 7.25% to 72%.
COUNCILMEN Requested by Department of:
Yeas Nays
Butle�—� �
Hozza [n Favor
Hun��
Levine �� __ Against BY
Maddox
Showalter
Tedesco 5 197� Form Approved by City Attorney
Adopted by Cou Date ��� �
Cer ed Passed Council Secr�tary BY J�^ ^ �
y -
l.1pp by A7avor: Da w p►UG �'� ��� ' Approved by Mayor for Submission to Councii
g By
pususN�o AUG Z 61�—
• •tN
P��
��
�f�d
�y �
ORef ef red To � O �9 �
otofc C I1.
o�m;ttee 8y efO � �,� �L �
l -�
.
P EASE RESO �Z�� ���cl N ��/
JULySV�,GR��'l oN °' !' ��,
12, 1��C NT ��'�oR �Omm:
� '
9>8.•F, N�E�U?,�ZrNG e:
2 0� (�j�Ly,� � SCT,�'C, 2�1��1V' B�,C�,G �ate
�1t 12�n��'4S� the E CEN.TER ,q��F O.EF,TN Date � �o
L Z�.Y Ce De 19�8�Z 1 e cOunc • A�4UI D `lUL E�C l�lT � .,-
eese 1 erkAart� aut No. i 1 o S.ZT j y 11 �'Y o B pF �
`�gz-ee�e ke o�°r12ed�p3� the c �N ,qND Z9 8�s�ql�� cERT� - ,
aA �k nt �ut ��n � ado Z t LEA AN PA rN� ,
�rid S�ded R oAs� s •t°g'etheatid dee ��reC�ed J.°� Sa1 SE• D `9�°R�� �p
hed�je o� ar1 d Lea �Zth o�er�age the 11,�1$u1� . ED �
be Aro�ERE�s � Aa��.ib1� Agree �her do eha1� se�°r,9�8, an Se�� , a
� � ded in 1� Zs h�s' � �ce�t h c�ents?� th�es e �'�. aAAr°h �
�� �1 RESOL E�Zb �e�ess$ d h Aro��� �h , �� C1� ad ��e r�ed
� n ir,E .8 ry es at c
'hor��e Ds � �ro� to c �or tZ�e er�a .
a 2ed �d hat �, han an ari Zn
�re tab e d�ag�e �po 2S/ �O ��he S . Z��e est Z11
Zn Aro �en�ed t� Ser' th 3�8i aZd r rate as
vZdeddrne�� o ex'e 1�es DZre � nOw,ate o�
.�ro� '•2� d E ° b �he °� � there� reeres�
/ to �Zb eha1 CZ t he D ,
��� �'3j8 B 1 °�t �jerkAart�e
�eas /� here s2n 1 t.Y re he
'� g the,� s ZebY
1 i1��e es
g t
T�
�ao4�ea ry
Gec"�,ea Y `�� Re9ae
� Ste�by
$�' `��ea hy Oepa�tmeqt
a�eQ e °f•
y
6y \
^ \ �
� o�m
` 83' App�o�ed by Cit
\
y Att��ney
�� ApPro�ed by Ma
8y Yo�f �
\ or SU
b,��sslon to
� coon�f f