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267841 C I T Y O F s A I N T PA U L Council �� File N�. uncil RGSO��ZO/� Page 1 of 4 � � Referred To Committee: Date Out of Committee By Date RESOLVED, By the Council of the Gity of Saint Paul, upon the request of the Mayor and the recommendation of the Long-Range Capital Improvement Budget Committee, that the 1976 Capital Improvement Budget, as heretofore adopted and amended by this Council, is hereby further amended in the following particulars: Amend the Financing Summary to: Decrease the amount of general obligation bonds (1976 CIB bond sale) to be issued in accordance with Chapter 234, Laws of Minnesota for 1976 from $6,500,000.00 to $6,000,000.00. Add, as a new fund source, the balance of Capitol Approach Bond monies, an amount equal to $144,247.12 and Amend the project appropriations as follows: Priority Project Action 12-CS-76-14 Citywide Boulevard Tree Replacement Program Increase the appropriation from $160,000.00 to $410,000.00 1-CS-76-2 Central Library Restoration Increase the appropriation from $1,066,000.00 to $1,620,000.00 13-PW-76-14 Kasota Avenue Lighting Cancel the $40,000,00 appropriation to zero. 1 COUNCILMEN Requ ted by Department of: Yeas N ays Butler Hozza ,�Favor Hunt Levine __ Against BY Rcedler Sylvester Tedesco Form Approved by City Attorney Adopted by Council: Date Certified Passed by Council Secretary BY By Approved by Nlayor: Date Approved by Mayor for Submission to Council gy By -� WHI7E - CITY CLERK �� PINK - FINANCE GITY .OF SAINT PALTL Council CANARY - DEPARTMENT t � . � BLUE - MAV�R Flle NO. � Council Resolution pa e 2 of 4 9 Presented By Referred To Committee: Date Out of Committee By Date Priority Project Action 75 Project Public Health Center Addition ' Reduce the 76 CIB bond appropriation of $253,000.00 to $108,752.88 and add $144,247.12 in Capitol Approach Bond monies, for a net funding change of zero. 18-CS-76-7 Harriet Island Dredqing and Revetment Work Reduce the appropriation from $390,000.00 to $90,000.00. 32-PW-76-15 Prosperity and Hazelwood Lighting Cancel the $75,000.00 appropriation to zero. 34-PW-76-10 Arlington Avenue Paving Reduce the 76 CIB bond appropriation of $171,750.00 to only $10,000.00 and use Munieipal 5tate Aid monies of $161,750.00 to finanee the eligible costs. 37-PW-76-12' Mississippi River Boulevard Lighting Cancel the $18,000.00 appropriation to zero. Dedicated Acquisition of Sifes for Fire Stations Reserve Reduce the appropriation from $450,000.00 to $150,UUq.00. UAR Unallocated Reserve and Revolving Fund Reduce the appropriation from $517,055.00 to $252,05�.12 Resulting in the amended project financing: Source Current Financing Change A�ended Financing Citywide Boulevard Tree Replacement Planting 1976 CIB $ 160,000 + 250,000 $ 410.,000 COUIVCILMEN Yeas Nays Req ted by Department of: Butler Hozza In Favor Hunt Levine _ Against BY Roedler Sylvester Tedesco Form Approved by City Att ey Adopted by Council: Date Certified Passed by Council Secretary BY By Approved by Nlayor. Date Approved by Mayor for Submission to Cou il gY By WH17E - CITV CLERK COUlICll ,'"-� • �,�� PINK - FINANCE � CANARY - DEPARTMENT G I TY OF SA I NT PAU L � BLUE �� - MAVQ`R File �O. � Council Resolution Page 3 of 4 Presented By Referred To Committee: Date Out of Committee By Date Source Current Financing Change Amended Financin� Central Library Restoration 1974 CIB 50,000 -0- 50,000 1975 CIB 1,000,000 -0- 1,000,000 1976 CIB 1,066,000 + 554,000 1,620,000 Old Federal Courts Restoration 440,221 - 440,221 -0- Ramsey County Adult Detention Center -0- + 417,579 417,579 2,556,221 + 531,358 3,087,579 Kaso�a°'�venue L�ighting 1976 CIB 40,000 - 40,000 -0- Public Health Center Addition 1975 CIB 230,000 -0- 230,000 ` 1976 CIB 253,000 - 144,247.12 108,752.88 Capitol Approach Bonds -0- + �� .�.44,247.12 144,247.12 483.,400 -0- 483,000.00 Harriet Island Dredging and Revetment Work • 197b CIB , . 31a.,0Q0-- �- ' =- 300,OOQ 90,000 Prosperity and Hazelwood Lightinq 1976 CIB 75,000 - 75,000 -0- Arlington Avenue Paving 1976 CIB 171,750 - 161,750 10,000 1976 Municipal State Aid -0- + 161,750 161,750 171,750 -0- 171,750 Mississippi River Boulevard Lighting 1976 CIB 18,000 - 18,000 -0- Acquisition of Sites for Fire Stations (Dedicated Reserve) 1976 CIB 450,000 - 300,000 150,000 COUNCILMEN Yeas Nays equested by Department of: Butler In Favor Hozza Hunt Levine __ Against BY Roedler Sylvester Tedesco Form Approved by Attorney Adopted by Council: Date Certified Passed by Council Secretary BY sy Approved by AAayor: Date Approved by Mayor for Submission ta.Council By BY WHITE - CITV CLERK COUIICII �� • �� PINK - FINANCE G I TY OF SA I NT PAU L CANAR.V -DEPl�2TMENT � BLUE �- M/LVOR � Flle NO• il Resolution page 4 of 4 Presented By Referred To Committee: Date Out of Committee By Date Source Current Financinq Change Amended Financing Unallocated Reserve and Revolving Fund 1976 CIB 517,055 - 265,002.88 252,052.12 Approved as to funding: Approved: g ` . / �i Dept, e & e vice5 Ci y Budget irector K� COUNCILMEN Yeas Nays Requested by Department of: .�� Office of the Mayor Hozza [n Favor Hunt Mayor George Latimer Levine � _ Against BY Roedler Te�S�r SEP 1 4 1976 Form Approved by Ci y A orney Adopted ouncil: Date Ce ied Vass y Council Secretary BY v 7 Appr by iNayor: te Appro d by Mayor for Sub s'on to�ouncil By BY BtISHE� C�'p � Q �Q�� . ` � ` �� = v=� � �. � � . � � � � �� -� f . � �� `` '�- � � ' �� # � �� , � � _ � , , r ..:T ; : , � � �. + � k � i , , , • . , , , < t � ��` ` .. z.... 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'. . �., �s e�, i � � .<'- � �� . �� 1�!��t � �. , �,'' ; : ; ,,�' � ro ; ' $`� ;,. . � ;_, . ,:+.i E f = 4 � � a.: °'�� i . � � � 4� { 13 }��9 �� i � _ : � ' �':. . . . _. .., ., . � ., .. .� .., i . . . . . . :.i . , .. . �., , .�.�nw#��.�_ a....�� .,, d. „.a .� . . « --� . .- ,� !� �'j �.. : �� 1 ��,� �+ �� t.,� �<; �i I T�' O 1, 5�1 I\T .��.:1.I.I. 3 ,`3 �, s` �!`�• �" ��! �..� , ��3 �;�:_ oi-r rc�. or- r�zL •i_t�or; �l'� ` -_ -_,� t- ,�\ � '`�.�.i,:: July 28, 1976 GF.OF.QE I.ilTI�EER bI_��-t�x � Re: 1) Saie of I.976 CIB Bonds, Council President Robert Sylvester Water Revenue Bonds, and and P�i�mbers of the City Council Rehab Bonds � 2) City Policy for Bondsd Debt 3) Unified Capital Improveme�t Dear Council l�iembers: Progra.m t� Budget Process BACKGROUND: In keeping with the May 5, 1976, tentative timetable (see attach�) far approving bvnd sales,� the administration was tQ se�k City Council's agproval of the Z976 CIB issue on or about July 21, 1976. Before I could reeortuaend this request to City Council, in gQad co:�seience, I had to question a],1 aspeets af this matter: Th� status of the projects budgeted for �he issue, the in�thod: a£ financing these needed projects, the effect of this bond issue on the City�s tax Ieuy and av�rlapping debt, and the timi.ng of the sale im relation ta other bo�nd iss-ues recently approved or proposed far sale. The net resul.t of my effort is fhat I caill b� requesting three actions of the City Council: I) ADprova�. of $6.0 milli.on in 1976 CIB Bonds, instead of $6.5 millioA, to finance-the program previously approved by your body �•rith amendments as proposed in this letter. Approval� of $1 millipn in Rehab Bonds. Approval of $660,000 in Water Rev�nue Bonds. 2) Appraval. of budget apgropriation required to implerl�nt actions required - to formulate a Debt Policy for the City. 3) Approva,l of a "Unified Capital Improvement Frogram and Be.zdget Pracess , for the City of Saint Paul. " As I continue to �xplain why these actions are being requestedr r.�y attention is focusing. on two paramount concerns: 1) Tne -anoun�t of tax burden falling on Saint Paul citi.zens wi-th aur current level of boncling, 2) Tiiat all r*ionies spent to develop aur cit� are pl:anned and Co�xai�at�a in a manner th�t wilT eliminate duplication and assure that the prajects funded are those of greatest need. , . , � � �� , y r Council President Robert Sylvester and City Cauncil i•iembers Page 2 July 23, 1976 �PPROVt�L OF'�BOFdD S�ES: I ar,i reco�ending that the following three bond issues be sold on August 24, 1976 (see- Spri�gsted's recominendation of July 22, I.976, attached} : 1976 CIB Bonds - $6 Mil.lion Issue I feel it would. be irresponsible: ta abandon the bond sale at tha.s ti.r�e, eveTT though my� grave coneern fc�r the averlapping debt on city taxpayers caused me ta seriouslp consider that alternative. However, sale of the 1g76 CIB bonds would not adversely affe:ct� the city for the following reasons.: l) The concept of a ten-�r8ar: cycle bond program which would stalailize debt service would be j�opardized. With the sale of 1976 CTB Bonds, the debt service would reach its maxirnum for CIB Bonds, while th� eleventh year's bond sale would not dramatically increase debt service b��au�� the first.gear's bonds �auTd hav�e beer� paid off. (There can be a sli.ght increass..if y�au se11 a larger annual araount of h�nds or. interest rate� �o up ) .;� . This c�rtcc�.pt �a�s enda�sed by the Legislatare �rhen they passed the current CIB BiII:.::which included a provision to limit the term of th� bonds ta a lite not to exceed ten years. (Plea�� see th� attached exampl� of how a ten-year bo:nd cycle warks.) . 2} The opportunity ta provide iz�ediate :labor eIaploymrent as almost a11. .of the 1976 projects are ready for construetion this fall. Examp�es of projects�:: ready are_ . Central Library Restoratian�The law const�uction bid of $2,835,639 was opened -on �Vednesday, Ju].y 21,_ 1976. Bond monies are n��eri �o complete the financing. I�t shat�Id be noted that this project is a joint use - project with the Adult.'Detentian Center_ Any postpone3nent. ar canc+ellation of the Library Project c�ill. cause canstr�ction delays and added costs ta the Adu1t Detention Genter proJect. Pol�,ce Ann�x Re�odeling-Nin� ].g76 prajeets total.ing $4ZI.,000 wer� - approv�d for- the remodeling of lOQ East lOth 5treet. These prajects h3ve been designed and the: majorit� o� them can be advertised for bids � in September. Ped�strian Ramps for the Handicapned--Law canstruction bid has been a.a�rded with temporary financing used. This praject had to be con- structed in: �c�rarm weather. Citywide Boulevard Tree RegZacer;ten� Progra:*.i-Th�se trees were planted this past P�tay. Operating,manies ciere loaned until band proceeds are received. - _ • : ��t , � . � Council President Robert Sylvester and City Council Me�ers Page 3 July 28, 1976 i976 Lighting Projects-A numb.e�r of the 1976 lighting projects have already a contracts awarded as the Iighting had ta be coordinated with athe r improvements. Temporary financing «as used until hond proceeds are received. Public HeaZth Cent�r Addition-This $483,OQ0 addition: is scheduled to go to i in August.. Pnalen Park Devel�pm�nt-The 1976 appropriatian of $475,OOQ is needac3 to comp ete construction financing fax this project, so that the prc�ject can be completed bg next sgring. Opticom Syst�t-Markec� Vehicles--The $97,575 appropriated for this project can e expen e y t e Po a.ce immediately. 3) If 7b bands are not sold, the following design costs are wasted as the followi�g projects have had last year's bond monies expended in antici- pation of 76 construction: - Central: Library SI90,772 Public HealtYs 30,000 Phalen Park 47,50Q Snel.ling_ Lighting 25,0�{� Pc�lice Ann�x 46,OD0 Handicapged. RamPs 5,OQQ �� 4) City Cauneil has appraved these projects in Octaber, 1975, and reafFirmed their aetian with a May 4, I976, amQndFr.ent to the Capital Iiuprovement Budget.. ° The tact that Ci�y CounciT expressed a firm co�n�tme�tt na� to jeogardize thes� projects, wh�n undertaking the Advance Refundirig Progrant, eauses .rne to helieve th�t th.ese prajects are of high nriority. 5) The fact. tha� the I976 Capital Improvement Budget ean be ain�nded to inciude� $250, OOQ more for tree plantings to replace diseased trees and : provide; $5S4, OOO more ta awarc�- the Central Librarg Restaratian can- struction contract while reducing the amount of th� issue fro�t $6. 5 millioa to $6.0 million. Although �ny autharized annual CTB _ bonding au�hority nat used in the designated year is last, the fact that we- have needs but show fiscal responsibiiity in not overburdenin.g our taxpa�ers �aith excessive. deht, should be appreciated by the L�gislature and Sai.nt Paui citizens. If Coun�i2 agrees with my fallowing recominendations, the appropriate �resoluti.on wi11 be prepared. to am.end the 1976 Capital Imprave�ent Budget, Current_ analysis of prajects previously budgeted with the 1976 CIB Bonds indicate tnat �he foliowing am�ndments can be r.Tade Urith the net etfect o f reducing the arrcount of bonds to be iss�ted b�r $5 0 0,0 0 0: , � � . �I°��x� ' Council President Rabert Sylvester and City Council riembers Page 4 July 28, 1976 Priority Pro�ect Actzon I2-CS-76-Z4 Citywide Boul,evard Tr�e Replacement Program : Increase $25d,00Q from $160,QQO to $41.Q,OOQ. 1-CS-76-2 Central Library Restoration Increase the $I,066, 000 ap�ropriation to $1,62Q, 00`{? as the low construction bid ogened on July 21, 1976s is $554, 000 higher than the existing budget apprapriations, but ��ere within the architect's recent estirnat�s. 13-PW-76--14 Kasota Avenue Lightiszg CanGel $4�,000 apprapriativn, as the A..�TRAK Statian is no longer. vial�le at the Kasata site 75 Project Pubiic Health Center AdditiQn Reduce 76 CIB appropriation of $253,00f1 to $109, 000 as the- Canital Approach Bond monies ba�.ance af $144,000 can be used to fi.nance � gart of the project. 18-CS-76-7 Harriet Island Dredging and Revetmznt Work Reduce the $390, OQ0 appropriation to $9Q,000 as the n�ed for an envirr�nmental impact statement will. del:ay dredging,, but wiZl not affect desiga. . 32-Pti�1-7&-15 Prosperity and Hazelwood Lighting �ancel the $75,Q00 ar�gropriation as thcs paving of the str�eet has been delayc�d. 34-P5d-76-1U Ariington Av�nue Pavi:nq : Reduce the $17T,750 appro�riat:ion ta only $I0, 000 as this project recently quaZified far Municigal State Aid funding for a1l- but $10,00(� in costs. 37-P:7-75-12 riississippi River Boulevard Lighting Cancel the $18,000 appropriation as the paving of this street has been postponed. Dedicat2d R�serve Acquisit�.on af sites for Fire Stations � Reduce the apprapriation of $450,QOO ta $150, 000_ No acquisition money can be spen-� for stations 19 and l0, as propc��ed locatians are subject to neighborho�d controversy_ A site for Station 14 can be acquired far ab��zt $125,000 leaving $25,000 for site studies for Stations 19 and 10. Land far .Station 23 is anticipa�ed to be donated from' the State Fair. r , . ��;�� ,' �ti � Council President Robert Sylvester and City Goun.cil Members Page 5 JuZy 28, 1976 'Priority Project . Action . Unallocated. Reduce th� appropriatican of $517,055 by $265,250 to Reserve and $251, 805. $85,000 of the remaining $251,805 is aI.ready Revolving Fund recommended for emergency rac�f repairs for the PQlice , Station_ xausinq Rehab Bcnds . Thd Housing and Redevelogment Autharity has requested the City ta se�l an additional $1,50O,O�Q in Gen�ral Obligation Bonds to finance a portian of the Housing Re�abilita.tion Loan and Gra.nt Pragram. Although I am totally commi��ed to th:is program, incr�ased deb� burden forces- me to recommend the issue of only $1..0 mi.11ion in bonds for this worth�hile progra�. I believe that the .reduced amaunt can be used to continue to pravide monies to the entire city, while more dependency Qn State and federal rehab nonies can be sought:� tor° the man�r qu:alif�ring areas of our city. Wate� Revenue Bonds - I am recomraen<3ing that :the $6bp�000 �in Water Revenue Bon.ds requested by the Board o� :�Tater Cor.imissioners be issued tcr func� the ne�deci improvements for the t�7ater� Department, � because ti�e d�bt service for this iss�e is financ�d by the revenues generated fram. water service. - CTLY DEBT° POLICY. ` In havinq ta reconutt�nd a sale date far the above i.ssue�, I reviewed the� teTTEative �ir.r�table for bond sales established dur2ng the recent ref�di�tg of City debt... In the pracess caf my review, I asked for an update oF aIl issues currently being proposed for saZe� . (See Springsted's Juiy 22, 1976, � letter attached. } I� �rie��inq the .amounts of the issues currentZy being propose�, . I' was convinced that our city needs- a 'debt pol.icy to control averlap�ing debt. _ For this reasan, I am recommending that a resolutian appropriating an amaunt not to exczed $2p ,ppp be apprQVed to implement the attached "Proposed �,Tark Program-City� Bond Consultant.°' 'I'he inzpl.enentation of this �rork prograr,t will provic:e the City �vith the needed direction for developinq a city debt policy. Tn� r�sult of .ir.lplementing this task is that the City c•rill be in a pasitiort to develop,. along with all gQVernr.tental bodies taxing Saint Paulr a for controll.iag overla p°�-l�y PPing debt: UNIFIED C�PTT��, Ip�ZpROVE:IEI�IT PROGP,A.M AZdD BUDGET Pt7.pCESS: - I am recor.tmending that the ro L • P Pa��'� Prvgramming and budge�ing process for .�' : . . . ' ��_ t Council President Rabert Sylvester 'and City Council Members Page 6 July 28, 1976 - coordinatinq al� capital improveiu�nts be approved by City Counci).. The proposed pxa��:5s as identified in: Office af the biayor's Report �OM-0Q58 . was. transmitted to Cit�r Counci]..:on April 22, 1976. The report reconr�n�nds� a� decision-makiag process that will; provide citi�en involvemnnt in the b�dgeting of all capifial resaur.ces in a method which assures that the real needs and_ priorities of the city- and its citizer�s ar� met, ' . �: z am requesting that City Cauncil. schedule a minimum of one and one--hal.f hours to reviet,,� the process before I farmally ask ror Council action_ Sincerely, ��r`�--�' _ .. _ GEORG I.ATIMER _; MAYOR: Attachment�z:. . 5-4-76 Tentative Time��a�a�.e for Bond Sales 5--3-76 Amendmer�t to the 1976 Capital Improveia�nt Budget Exainple af. CIB Ten--Year Debt Structure Twelve-Yea� Summary of. G. O. Bonds: � `: 7-22-76 Time-�Pable fram Springsted� Inc. Proposed Wark- Program-City° Bond Cansultant. 4-�22-76 Letter Transmitting Mayor�s Report - , �J - -: , , cc: Tnontas.�J. Kelley . - __ , - � - t �: Richard E. Schroeder _ _ s, , � .; Rog�r,A.. Mattson . . 4. � ..; � � x. Jerome--'J_ Segal - � � ;: "._ ; ,; Donald L. Spaid _ .� _ ; v � Wi1lia�a Q. Patton ` � , _ . ., �;: :_.., - », Donaid. Cosgrove -; ' - " _ . ... � .�: � E1mer°.:Huset. ` _- . `: - r . :��, � Sp.rirtgsted, Inc.. - _ �:: � � - _ . , ' :; �... _` - . . F - . . � . .. . . . . . . . . .. .... ,� . ...� . � ' . . .�� ....... . - � ..... � . � � _.. .� `,`,-.a :`. �' .. .^v.. . _ . '. . ...� . . . � .. �t,�a , ' � .: . . � .. . .. . . � - �? .. . . . . . � a,., . � � . . _ . �. . . . . .. .. y' . . . . . ._ , . . � . t 4 - � . .h . > . _ . . . - , ��. :,. � � �� . �.��.. - � � � � � � .. a �i:�..l'�: . ..: .�F!: . . . . .. . . � . .. .}-•- . .��> 3 A , � r ' ' Saint Paul ��"�"' LONG-RANGE CAPITAL IMPROVEMENTS BUDGET COMMITTEE Minutes of August 27, 1976 421 Wahasha Present: Mems, Ceniceros, Piccolo Messrs. Courtney, Hummer, Hanggi, McDoneil, Pangal, Prifrel., and Tobler Also Present: Greg Blees, -0ffice of the Mayor-Budget Section The meeting was called to order by Chairman Hummer at 11:30 a.m. Mrs. Piccolo moved that the minutes of the �uly 20, 1976, meeting be approved. Mr. Prifrel seconded the motion and all voted in favor. The second item on the agenda was Community Services' request to transfer $32,561.65 in balances from completed projects to the Front Recreation Center Site Development project. The bids were opened on July 21, 1976, and the transfer is needed to award low bid, Mr. Hummer noted that $20,600 in construction alterna- tives were dropped from the funding request and asked if they were needed to adequately compZete the project. Greg Blees responded that the a�.ternatives were not essential and were not recommended for funding as the bidded costs were considered to be excessive. Mrs, Piccolo moved that the CIB Committee recammend to the Mayar.and Ci�g Gouncil that the $32,561.65 transfer be app�ovea as requested in Community ServicesF August 10, 1976, letter. The motion was seconded by Mr. McDonel], and was passed unanimously. The third item on the agenda was the Mayor�s July 28, 1976, request to amer�d the 1976 �apital Tmprovement Budget by reducing the vroposed 1976 CTB bond sale from $6.5 million to $6,0 million, Greg Blees explained the proposed amendments to project appropriations, Mr. Courtney noted that the Mayor's proposal dramatically reduced the amount af the Unalloeated Reserve Account, and stated that the Committee had a larger amount earmarked to offset inflation and secure projects going out to bid. Mr. McDanell pointed out that the Mayor's praposed amendment appropriates additional monies tv the Central Library Restoration project which has already gone out to bid, and as such, the projected demand €or the Unallocated Reserve Account has been reduced substantially. Mrs. Piccolo moved that the CIB Committee recommended to the Mayor and Cit_y Council that the 1976 Capital Improvement Budget be amended as identified in the Mayor's July 28, 1976, letter to the City Council. ' Mr. Hummer stated that he appreciates the Otfice of the Mayor's position of wanting to budget projects without any Unallocated Reserve Account as in theory it should force departments to estimate the cost of projects more accurately. But in reality, without any reserve to protect awards, departments tend to overestimate the cost of all projects as a means of building up department reserves so that there will always be enough money around to.award bids when construction estimates ' � � � � • . . CIB Committee meeting minutes ��.', '?J�'�`,s�,,6ti August 27, 1976 Page 2 were low or when inflation rates were higher than projected. Mr. Courtney moved that the CIB Committee continue to adhere to the policy of recommending adequate Unallocated Reserve Accounts to protect project cost estimates against high inflation. The motion was seconded by Mr. McDonell and was passed unanimously. The fourth item on the agenda was Communi.ty Services' request to use $1,671,075.12 from existing CIB projects to provide temporary financing to award the low con- struction bid for the Central Li.brary Restoration project until the proceeds o£ the 1976 CIB bond sale are received in October, 1976. Bids were opened on July 21, 1976, and low bid was $2,835,639. Mr. Pangal maved that the CIB Committee recommend to the Mayor and City Couneil that $1,67I,075.12 be loaned to the Central Library Restoration project as requested in Community Services' August 27, 1976, letter. The motion was seconded by Mrs: Piccolo and was passed unanimousl�. Greg Blees stated that the Streets and Utilities Task Force Priority Rati.ngs and Recommendations were not in final form. Mr. Hummer directed that the fifth item on the agenda be laicl over to the meet�ng on September 7, 1976. Mr. Hummer appointed Mrs. Ceniceros the Chairperson for the Residential and Economic Development Task Force. Her duties would begin with the formation of recommended budgets for the CD Year II IT1� contingency. �he meeting adjourn�d at, 1:30 p.m. ResQectfully submitted, � �2��M A �,�,�/ "cac.Jr._ - v Gregory N. Blees Executive Secretary CIB Committee