267356 WH17E - CITY CLERK
PINK - FINANCE GITY OF SAINT PALIL Council ������
CANARV - DEPARTMENT
BLUE -MAYOR File NO.
, .a
� ou cil Resolution
,
Presented By
Referred To Committee: Date
Out of Committee By Date
WHEREAS:
l. Pursuant to Resolution of this Council,
the Mayor, the City Clerk and Director of Finance and
Management Services of the City, were designated pursuant
to Minnesota Statutes, Section 475 .60, to receive, consider
and award the sale of $25,8g0,000.00 General Obligation
Refunding Bonds of 1976, Series A, B, C, D, E, pursuant to
notice of sale heretofore duly published as required by law.
2. In accordance with the aforesaid notice of
sale, bids were to be received on or before 12 :00 noon on
June 8, 1976, in the office of Roger A. Mattson, Director
of Finance and Management Services . An award was to be made
at a meeting to be held at 3 :00 p.m, on the same day.
3. This Council has received the report of the
Mayor, the City Clerk and the Director of Finance and
Management Services that no bids were received and no award
therefor made, copy of which report is attached hereto as
Exhibit A.
BE IT RESOLVED by the City Council of the City
of St . Paul, that the Director of Finance and Management
Services and Springsted Incorporated, the Cityts fiscal
consultant in connection with the aforesaid issue be, and
they hereby are, authorized to receive and discuss any offers
complying with the aforesaid notice of sale that are received
in accordance with Minnesota Statutes, Section 475 .60, and
to report any such offers when received to this Council .
COUIVCILMEN Requested by Department of:
Yeas � Butler �j
-�---a-- [n Favor
Levine
Roedler D Against BY
� Hunt
Tedesco
President � Sylvester
��� � p 1976 Form Approved y City tt n
Adopted by Council: Date f
�
Certified Pas by �ncil Secretary By
BY
Approv d by Mayor: t
�UN � 1 Approved by Mayor for Submission to Council
By By
�uBUS�i�D JUN 19 19
MIIIUTES OF THE ����56
� GENERAL OBLIGAT�ON R�r UPvDING j
BO,vDS OF 1976, S�RI�,'S A, B, �, D Ai•�� E
�1� vt'�TVT7:�JCt i�1V� !�l"6�:�Ir''�
nU?SC�.uf� �TU!"° J � �7 1 � � � . .
Ofi ice of ���e D�rector af Finance and P+"lanagement
Services of the City of Saint Paul
� � . �� p .i� �
Fres�nt : George Latimer, Mayor; Rose Mix, City Clerk; Roger A. Mattson,
Director of Finance and Management Services; Osmon �pring�ted; Bernard Friel;
Michael Jeronimus; David Stanley; Duke Steenson; Charles R. Gesme; Francis
Boyden; and Robert w. Trudeau, Chief Accountant; Jerome J. Segal, Asst. City
�� xoger A. rtattson called the meeting to order Attorne3
at 3 �p .m, and noted that the meeting was convened for
the purpose of awarding the sale for the $25,890,000
offering of the City of St . Paul pursuant to the officiaZ
notice of bond sale,
The folloU�ing bids were opened at
12 : 00 Noon, Central Time, in the office of
Roger A. Mattson, Director of Finance and
Management Services :
Net Interest Net Interest
Bidder pollar Cost Rate
NO NE
No bids having been received, it was moved and
seconded to adjourn the meeting. Motion carried. Meeting
adj ourned. �
• .
Mayor - George Latimer City Clerk_ Ro Mix
/'
t
Rog . attson
Director of Finance and Management Services