The URL can be used to link to this page

267695 WHITE - CITV CLERK COUIICII �� • �V�„�V PINK - FINANCE G I TY OF SA I NT PALT L � CANARV - DEPARTMENT BLUE - MAYOR File NO.. ` � uncil Resolution Presented By Referred To Committee: . Date Out of Committee By Date WHEREAS, pursua.nt to authority Laws of 1971, Ghapter 773, as amended by La.ws of 1976, Cha.pter 234, the Council of the City of Saint Paul is authorized to issue general obligation bonds of the City in amounts not exceeding 62 million d�llars for each calendar year for a four-year period commencing with the year 1976 for the purpose of providing funds for Ca.pital Improvements; and WHEREAS, the administration has request�d that the City Council approve the issuance of $4,380,000 ca,kpital improvement general obligation bonds to fina.nce the current capital improvement budget; now, therefore, be it 9 RESOLVED, tha.t the Council of the City of =Saint Paul, pursv.a.nt to La.ws of 1971, Cha.pter 773, as amended by La.ws of 1976, Cha.pter 234, does hereby authorize the issua.nce and sale of City general obligation bonds in the amount of $4,380,000 for the purposes set forth in said laws, and the Director of the Depa.rtment of Fina.nce and Ma.na.gement Services is hereby authorized and directed to initiate the proceedings and prepa.re the appropriate documents looking toward the sale of such bonds on or before August 24, 1976, and report all such actions to the City Council. COUIVCILMEN Yeas Nays Requested by Department of: -Bttt�e� �S�!�1 �, Hozza In Favor Hunt Levine � _ Against BY Roedler Sylvester � � Tedesco . �G � 2 �976 Form pprove by City tto Adopted by CounciL- Date � Certifie asse ouncil Secretar "` By y� Approv d Mavor: Da Approved by Mayor for Submission to Council By BY PUBLISHED AUG 2 1 19T6 WHITE - CITV CLERK � � ` � � ��'�-� PINK - FINANCE G I TY OF SA I NT� PAU L Council CANARV - DEPARTMENT � BLUE - MAYOR File NO• ' � Cou cil esol ion �.- �� Presented By Referred Committee: Date Qut of Commi By Date � WHEREAS, p suant to authority Laws of 1971, Chapter 773, as amended by La of 1976, Chapter 234, the Council of the City of Saint Paul authorized to issue general obligation bonds of the City iri ounts not exceeding 62 million dollars for each calendar year or a four-year period corcunencing with the year 1976 for the p ose of providing funds for Capital Improvements; and WHEitEAS, the administrat has requested that the City Council approve the issuance of'° 'x million dollars capital improvement general obligation bi�n. s to finance the current capital improvement budget; now, the efore, be it RESOLVED, That the Council of the 'ty of Saint Paul, pur- suant to Laws of 1971, Chapter 773, as am ded by La.ws of 1976, Chapter 234, does hereby authorize the issu ce and sale of City general obligation bonds in the total ag egate amount of six million dollars for the purposes s�e`t forth 'n said laws and the Director of the Department of Finance`" d gement Services is hereby authorized and directed to initia the oceedings and prepare the appropriate documents looking to d th sale of such bonds on or before August 24, 1976, and report�11 su actions to the City Council. `� �� ',�� . � F`` E COUNC[LMEN Yeas Nays Requested by Department of: Butler � �4 ' v Hozza In Favor Hunt Levine Against BY Rcedler Sylvester . Tedesco Form Approved b City Attor y Adopted by Council: Date Certified Passed by Council Secretary BY sy Approved by Mayor: Date Approve y Mayor for Subm' io to Council By BY ►' . � �. � , , -' � , _._- � � y � =� �t� L� �r i: �i:, S�11-r 1'��z� r. /� � ` ' 1 L��K�+n OI'}'IC;:1-: OF TI�I. =�i_1�"OP. �t.�_, I 'ana . . � . s -�?_�a -_�, July 28, 197.6 GEOI�'GF:. L.<\TI�SER '�4.�t o x Re : 1) Sale of 1976 CIB Bonds, Council President Robert Sylvester Water Revenue Bonds, and and P�embers of the City Council Rehab Bonds 2) City Policy for Bonded IIebt 3) Unified Capital Improvement Dear Council Members : Program & Budget Process BACKGROUND: In keeping wi�h the May 5, 1976, tentative timetable (see attached) for approving bond sales, the administration was to seek City Council's approval of the 1976 CIB issue on or about July 21, 1976. Before I could recommend this request to City Council, in good conscience, I had to question all aspects of this matter: The status of the projects budgeted for the issue, the method of finaneing these needed projects, the �ffect of this bond issue on th� City' s tax levy and overlapping debt, and the timing of the sale in relation to other bond issues recently approved or proposed for sale. TY�.e net result of my effort is that I will be requesting three actions of the City Council: 1) Approval of $6.0 million in i976 CIB Bonds, instead .of $6.5 million, to finance the program previously approved by your body tzith amendments as proposed in this letter. Approval of $1 million in Rehab Bonds. Approval of $660,0�0 in YJater Revenue Bonds . 2) Approval of budget appropriation required to implement actions required to formulate a Debt Policy for the City. 3) �lpprova.l of a "Unified Capital Improvement Program and Budget Process for the City of Saint Paul. " As I continue to explain why these actions are being requested, r.my attention is focusing on two paramount concerns : 1) The -amount of tax bur.den falling on Saint Paul citizens with our current level of bonding. 2) That a1T r.ionies spent to develop our city are planned and coordinated in a manner that will eliminate duplication and assure that the projects funded are those of greatest need. v� �2 Cauncil President Robert Sylvester and City Council i�embers Page 2 July 23, 1976 APPROVAL OF BOrJD SALES: I am recommending that the follo�ving three bond issues be sold on August 24, 1976 (see Springsted' s recommendation of July 22, 1976, attached) : 1976 CIB Bonds - $6 Million Issue I feel it would_ be irresponsible to abandon the bond sale at this time, even thaugh my grave concern for the overlapping debt on city taxpayers causecl me to seriously consider that alternative. However, sale of the 1976 CIB bonds would not adversely affect the city for the follQwing reasons: 1) The concept of a ten-year cycle b:and program which would stabilize debt service would be jeopardized. With the sale of 1976 CIB Bonds, the debt serviee would reach: its maximum for CIB Bonds, while the eleventh year's bond sale would not dramatically increase debt service because the first year's bonds would have been paid off. (There can be a slight increase if you sel� a larger annual amount of bonds or interest rates go uP•) This concept was endorsed by the Legislature when they passed the current CIB Bill which included a provision to limit the term of the bonds to a life not to exceed ten years. (Please see the attached example of how a ten-year bond cycle works. ) 2) The opportunity to provide immediate labor employment as almost all of the 1976 projects are ready for construction this fall. Examples of projects ready are: Central Library Restoration-The law construction bid of $2, 835,639 was opened on Wednesday, July 21, 1976. Bond monies are needed to complete the financing. It should be noted that this project is a joint use project with the Adult Detention Center. Any postponement or eancel.lation of the Library Project �aill cause construction delays and added costs to the Adult Detention Center project. Poli.ce Annex Remodeling-Nine 1976 projects totaling $421 ,000 were - approved for the remodeling of l00 East lOth Street. These projects have been designed and the majority of them can be advertised for bids in September_ Pedestr'ian Ramps for the Handicap�ed-Low construction bid has been awarded with temporary financing used. This project hacl to be con- structed in �r�arm weather. Citywide Boulevard Tree Replacement Program-These trees were planted this past P�ay. Operating monies were loaned until bond proceeds are received. Council President Robert Sylvester and City Council Members Page 3 July 28, 1976 1976 Lightinq Projects-A number of the 1976 lighting projects have already had contracts awarded as the lighting had to be coordinated with othe r improvements, Temporary financing was used until bond proceeds are received. � Public Health Center Addition-This $483, 000 addition is scheduled to go to id in August. Phalen Park Development-The 1976 appropriation of $475,000 is needed to comp ete construction financing for this project, so that the p�oject can be completed by next spring. Opticom System-Marked Vehic�es--The $97, 575 appropriated for this project can e expen ed y t e Po ice immediately. 3) If 76 bonds are not sold, the tollowing design costs are wasted as' the following projects have had last year's bond monies expended in antici- pation of 76 construction: Central Library $190 772 , Public Health 30, 000 Phalen Park 47,500 Snelling Lighting 25,000 Police Annex 46,000 Handicapped Ramps 5, OOQ . 72 4) City Council has approved these projects in October, 1975, and reaffirmed their action with a May 4, 1976, amendment to the Capital Improvement Budget. The fact that City Council expressed a firm commitment not to jeopardize these projects, when undertaking the Advance Refunding Program, causes �►e to believe that these projects are of high priority, 5) The fact that the 1976 Capital Improvement Budget can be amended to include $250, 000 more for tree plantings to replace diseased trees and provide $554, 000 more to award the Central Library Restoration con- struction contract while reducing the amount of the issue from $6 . 5 million to $6.0 million. Although any authorized annual CIB _ bonding authority not used in the designated year is lost, the fact that we have needs but show fiscal responsibility in not overburdeninq our taxpayers with excessive debt, should be appreciated by the Legislature and Saint Paul citizens. If Council agrees with my following recommendations, the appropriate �resolution will be prepared to amend the 1976 Capital Improvement Budget. Current analysis of projects previously budgeted with the 1976 CIB Bonds indicate that the following amendments can be made with the net effect of reducing the amount of bonds to be issued by $500,000 : Council President Robert Sylvester . and City Council Members Page 4 July 28, 1976 Priority Project Action 12-CS-76-14 Citywide Boulevard Tree Replacement Program Increase $250, 000 from $160, 000 to $410,000. 1-CS-76-2 Central Library Restoration Increase the $1, 066, 000 appropriation to $1, 620, 000 as the low construction bid opened on July 21, 1976, is $554 , 000 higher than the existing budget appropriations, but were within the architect' s recent estimates. 13-PW-76-14 Kasota Avenue Lighting Cancel $40,000 appropriation, as the AMTRAK Station is no longer viable at the Kasota site 75 Project Public Health Center Addition Reduce 76 CIB appropriation of $2�3,000 to $109, 000 as the Capital Approach Bond monies balance of $144,000 can be used to finance part of the project, 18-CS-76-7 Harriet Island Dredging and Reuetment Work Reduce the $390, 000 appropriation ta $90,000 as the need for an e�vironmental impact statement will delay dredging, but wi11 not affeet design. 32-PW-76-15 Prosperity and Hazelwood Lighting Cancel the $75, 000 appropriation as the paving of the street has been delayed. 34-PW-76-10 Arlington Avenue Paving Reduce the $171,750 appropriation to only $10, 000 as this project recently qualified for Municipal State Aid funding for all but $10,000 in costs. 37-PW-76-12 Mississippi River Boulevard Lighting Cancel the $18,000 appropriation as the paving of this street has been postponed. Dedicated Reserve Acquisition of sites for Fire Stations ' Reduce the appropriation of $450, 000 to $150, 000 . No acquisition money can be spent for stations 19 and 10, as proposed locations are subject to neighborhood controversy. A site for Station 14 can be acquired for about $125, 000 Ieaving $25, 000 for Site studies for Stations 19 and 10 . Land for ,Station 23 is anticipated to be donated from the Stat� Fair. Council President Robert Sylvester and City Council Members Page 5 July 28, 1976 Priority Project Action Unallocated Reduce the appropriation of $517,055 by $265,250 to Reserve a�d $251, 805. $85, 000 of the remaining $251,805 is already Revolving Fund recommended for emergency roof repairs for the Police Station. Housing Rehab Bonds The Housing and Redevelopment Authority has requested the City to sell an additional $1,500, 000 in General Obligation Bonds to finance a portion of the Housing Rehabilitation Loan and Grant Program. ' Although I am totally committed to this program, increased debt burden forces me to recommend the issue of only $1.0 million in bonds for this worthwhile prograr.l. I believe that the reduced amount can be used to continue to provide monies to the entire city, while more dependency on State and federal rehab monies can be sought for the many qualifying areas of our city. Water Revenue Bonds I am recommending that .the $660,000 in Water Revenue Bonds requested by the Board of Water Commissioners be issued to fund the needed improvements for the Water Department, � because the debt service for this issue is financed by the revenues generated from water service. � CITY DEBT POLICY: In having to recommend a sale date for the above issues, I reviewed the tentative timetable for bond sales established during the recent refunding of City debt. In the process of my xeview, I asked for an update of a11 issues currently being proposed for sale. (See Springsted' s July 22, 1976, letter attached. ) In viewing the amaunts of the issues currently being proposed, I was convinced that our city needs a debt policy to control overlapping debt. For this reason, I ari recommending that a resolution appropriating an amount not to exceed $20 ,000 be approved to implement the attached "Proposed Work Program-City Band Consultant. " The implementation of this work program will provide the City with the needed direction for developing a city debt policy. The result of ir.lplementing this task is that the City �rill be in a position to develop, along with all goverru*iental bodies taxing Saint Paul, a policy for controlling overlapping debt. UNIFIED CAPITAL IMPROVEMENT PROGRAM AP1D BUDGET PROCESS: I am recommending that the proposed programming and budgeting process for . Council President Robert Sylvester and City Council Members Page 6 July 28, 1976 coordinating all capital improvements be approved by Cit� Council. The proposed process as identified in Office of the Mayor' s Report �OM-0058 was transmitted to City Gouncil on April 22, 1976. The report recommends a decision-making process that will provide citizen involvement in the budgeting of all capital resources in a method which assures that the real needs and priorities of the city and its citizens are met. I am requesting that City Council schedule a minimum of one and one-half hours to review the process before I formally ask for Council action. Sincerely, GEORG LATIMER MAYOR Attachments: 5-4-76 Tentative Time-Table for Bond Sales 5-3-76 Amendment to the 1976 Capital Improvement Budget Example of CIB Ten-Year Debt Structure T'welve-Year Summary of G. O. BondS 7-22-76 Time-�able from Springsted, Inc. Proposed Work Program-City Bond Consultant 4-22-76 Letter Transmitting Mayor` s Report ec: Thomas J. Kelley Richard E. Schroeder Roger A. Mattson Jerome J. Segal Donald L. Spaid William Q. Patton Donald Cosgrove Elmer Huset Springsted, Inc. �r., 5/4/76 ��«., , � '�� , '7 `l? % 1976 CIB BOND ISSUE SALE TENTATIVE TIti1ETABLE IS5JE A'HOUNT DATE PROPOSED ADVANCE REFUNDING $20 ,000,000 to $27,000 , 000 Council Review of Proposal t�iay l2, 1976 Council Approval of Proposal May 18 , 1976 and Notice of Sale Sale Date - Opening of Bids June 7, 1976 Awarding of Low Bid June 8, 1976 PQRT AUTHORITY ADVANCE REFUNDING $5,600, 000 Council Approval and Notice June Z4, 1976 of Sale Sale Date and Award July 5, 1976 I976 CIB NEW ISSUE $6, 500,000 Council Approval and Notice July 21, 1976 of Sale Sale Date and Award August 10, 1976 SCHOOL DISTRICT $8, 000,000 . Sale Date ?Uiid September . � - A . � May 3, 1976 Recommended Amendment to the � 1976 Capital Improvement Budget List of Recommended Changes Sept. 15, 1975 Recommended Recommended Priority Project Budqet Change Amendment 15-FM-76-1 City Hall Annex Remodeling 76 CIB $ 1,I00,000 -T,100,000 -0- 77 CIB 1,100,000 -1,i00,000 -p- 2,200,00� -2,200,QOQ -0- 13-PW-76-14 Kasota Avenue Lighting, E, of Prior to W, of Snelling-V-0605 Assessments 8,000 - 8,000 -0- 76 CIB 32,000 + 8,000 40,000 40,000 -0- 40,000 17-PW-76-22 Rice St. Lighting-Hawthorne to Larpenteur-V-0452 Assessments 30,000 - 30,000 -0- 76 CIB 28,000 + 32,OOQ 60,000 58,000 + 2,000 60,000 21-PW-76-20 Robert Street Lighting-Annapolis to Concord-V-0513 Assessments 13,000 - 13,000 -0- 76 CIB 42,000 + 13,OOQ 55,000 55,000 -0- 55,000 23-PW-76-19 Payne Avenue Lighting-E. 7th to Minnehaha-V-0440 Assessments 20,000 - 20,000 � -0- 76 CIB 28,000 + 26,QQ0 54,000 . 48,000 + 6,000 54,000 25-PW-?6-26 Lexington Pkwy. Lightinq-Selby to I-94-V-0438 Assessments 10,000 - I0,000 -0- 76 CIB 26,000 + 10,000 36,000 36,000 -0- 36,000 28-PW-76-16 Prior Ave. Lighting-Feronia to Minnehaha-V-0511 Assessments 20,000 - 20,000 -0- 76 CIB 40,000 + 20,000 60,000 60,000 -0- 60,000 -, 29-PW-76-23 Arcade St. Lighting-Ivy to Larpenteur-V-0430C Assessments 23,000 - 23,000 -0- 76 CIB 18,000 + 26,000 44,000 41,000 + 3,000 44,000 30-PW-76-25 Cretin Ave. Lighting-Marshall to I-94-V-0506 Assessments 7,000 - 7,000 -0- 76 CIB 23,000 + 7,000 30,000 30,000 -0- 30,000 • ' ' ' �age 2 � ' Sept. 15, Z975 Reeommended Recommended Priority Project Budget Change Amendment 32-PW-76-15 Prosperity and Hazelwood Lighting-Maryland to Larpenteur-V-0606 Assessments 15,OD0 - 15,000 -0- ?6 CIB 60,000 + 15,000 75,000 75,000 -0- 75,000 33-PW-76-24 Como Ave. Lighting-T.H. 280 to Cleveland-V-0509 Assessments 16,000 - 16,000 0 76 CIB 26,000 + 16,000 42,000 42,000 -0- 42,000 75 Project Snelling Ave. Lighting-Edgcumbe to Hague-V-0464 Assessments 73,300 - 73,300 -0- 75 CIB 105,000 -0- 105,000 76 CIB -0- + 75,460 75,460 178,300 + 2,I60 180,460 75 Project Snelling Ave. Lighting-Midway Pkwy, to Hoyt-V-0465 Assessments 4,540 - 4,540 -0- State Fair Board 15,020 -0- 15,020 75 CIB 16,780 -0- 16,780 76 GIB -0- + 4,540 4,540 36,340 -0- 36,340 75 Project PubTic Health Center Addition 75 CIB 230,000 -0- 230,000 76 CIB -0- + 253,000 253,000 230,000 + 253,000 483,000 68 Project Sun-Ray Library Roof Repair 67 CIB (Land) 75,000 -0- 75,Q00 68 CIB 280,000 -0- 230,000 69 CIB 115,000 -0- 115,000 76 CIB -0- + 35,000 35,000 470,000 + 35,000 505,000 75 Project Phalen Park Development _ 75 CIB 2,000,000 -0- 2,000,000 Metropolitan Council 1,300,000 -0- 1,300,000 Metropolitan Sewer Board 400,000 -0- 400,000 76_CIB -0- + 475,000 475,000 "� 3,700,000 + 475,000 4,175,000 73 Project Hayden Heights Library Design 73 CIB (Land) 120,000 -0- 120,0�0 76 CIB -0- + 66,000 66,000 120,000 + 66,000 186,000 ' P,age 3 Sept. 15, 1975 Recommended Recommended Priority Project Budget Change Amendment 69 Project Hidden Falls Completion 69 CIB 100,000.00 -0- 100,000.00 70 CIB 83,484.56 -0- 83,484.56 7i CIB 95,OQ0.11 -0- 95,000.11 73 CIB 64,770.70 -0- 64,770.70 LW27-00288 Grants 42,750.00 -0- 42,750.00 LW27-00491 Grants 226,500.00 -0- 226,500.00 LW27-004912 Grants 14,250.00 -0- 14,250.00 76 CIB -0- + 18,000 18,000.00 626,755.37 + 18,000 644,755.37 "i , May 3, 1976 RECOMMENDED AMENDMENT TO THE 1976 CAPITAL IMPROVEMENT BUDGET $6,500,000 Budget Appropriations for 1976 Capital Improvement Bonds Authorized in Chapter 234, Laws of Minnesota, 1976 EXHIBIT A . � ^ May 3, 1976 ' � Recommended Amendment to the 1976 CAPITAL IMPROVEMEN2 BUDGET $6,500,000 Budget Appropriations for 1976 Capital Improvement Bonds Authorized in Chapter 234, Laws of Minnesota, 1976 - Priority Project Name Amount 1976 CAPITAL IMPROVEMEIVT B�ONDS 1-CS-76-2 Central Library Restoration $ 1,066,OOp 2-FD-76-2 Acquisition of Sites and Preparation of Design See Dedicated Specifications for Fire Stations 19, 10, 14 and 23 Reserve 3-PW-76-6 Traffic Signals - Citywide, 1976 40,000 4-PD-76-1 Construction of Training Facilities - 100 E. lOth St.- 75,000 3rd Floor 4-PD-76-2 Minor Repair and Service Shop - l00 E. lOth St.-lst Floor 4Q,100 4-PD-76-3 Video Tape Studio - 100 E. lOth St.-3rd Floor 25,Q00 4-PD-76-4 Construction of Men's & Women's Shower & Locker 76,000 Facilities - 100 E. IOth St.-2nd Floor 4-PD-76-7 Central Air Conditioning - I00 E. lOth St.-3rd & 85,000 4th Floors 4-PD-76-8 Transfer of Radio Maintenance to l00 E. lOth St.- 47,500 lst Floor 4-PD-76-9 Transfer & Remodel Ro1Z Cal1 Area-100 E. lOth St.- 46,300 2nd Floor 4-PD-76-10 Window Repair - 100 E, lOth St. 4,000 4-PD-76-11 Office Construction - 100 E. 1Oth St.-3rd and 4th Floors 22,000 S-PW-76-13 Warner Rd.-Childs Rd. Interchange Lighting 5,700 6-CS-76-4 Homecroft Rec. Center-Gym Addition , See Dedicated Reserve -. 7-PW-76-2 Kellogg Blvd. Bridge Repair-Wabasha to St. Peter 151,000 8-FD-76-1 Addition to Fire Station #17 g�,�20 9-PD-76-5 Opticom System-Marked Vehicles 97,575 10-PW-76-3 Pedestrian Ramps for the Handicapped-Citywide, 1976 50,000 Page 1 Priority Project Name Amount 11-PW-76-12 Lighting-Midblock-Citywide, 1976 $ 25,000 12-CS-76-14 Citywide Blvd. Tree Replacement & Citywide Park 160,000 Tree Plantings Program 13-PW-76-14 Kasota Ave. Lighting-800 ft. E. of Prior' to 700 ft. 4Q,000 W, of Snelling 14-FD-76-3 Reserve Apparatus Storage Bui�ding 120,000 75 Project Snelling Ave. Lighting-Edgcumbe to Hague 75,460 75 Project Snelling Ave. Lighting-Midway Pkwy. to Hoyt 4,540 75 Project Public Health Center Addition 253,000 68 Project Sun-Ray Library Roof Repair 35,Q00 75 Project Phalen Park IIevelopment 4?5,000 73 Project Hayden Heights Library Design 66,000 69 Project Hidden Falls Completion 18,000 16-PW-76-7 Maintenance Services Operation Building 50,000 17-PW-76-22 Rice St. Lighting-Hawthorne to Larpenteur 60,000 18-CS-76-7 Harriet Island Dredging and Revetment Work 39fl,OQQ 19-PW-76-1 Kellogg Blvd. Bridge Repair-at the Exchange St. 178,8Q0 Ramp and at Market St. 20-CS-T6-12 North-Dale Rec. Center-Gym Addition 130,000 21-PW-76-20 Robert St. Lighting-Annapolis to Concord 55,000 22-CS-76-1 Sylvan Rec. Center Site Development 75,000 23=PW-76-19 Payne Ave. Lighting-E. 7th to Minnehaha 54,000 24-05 76-3 Case & Duluth Rec. Center-Gym Addition 240,000 .� 25-PW-?6-26 Lexington Pkwy. Lighting-Selby to IS 94 36,000 26-PW-76-5 Overhead Street Names Signs-Citywide, 1976 12,500 27-PW-76-11 West Como Lake Drive Paving-Lexington to Maryland 30,000 28-PW-76-16 Prior Ave. Lighting-Feronia to Minnehaha 60,000 29-PW-76-23 Arcade St. Lighting-Ivy to Larpenteur 44,000 Page 2 Priority Project Name Amount 30-FW-76-25 Cretin Ave. Lighting-Marshall to IS 94 $ 30,000 31-CS-76-10 Prosperity Heights Rec. Center-Gym Addition 188,000 32-PW-76-15 Prosperity & Hazelwood Lighting-Maryland to Larpenteur 75,000 33-PW-76-24 Como Ave. Lighting-TH 280 to Cleveland 42,000 34-PW-76-10 Arlington Ave. Paving-E. Share Dr, to Hazelwood 171,750 35-PW-76-9 Pinehurst Paving-Fairview to Howell, & Howell Paving- 42,000 Pinehurst to Hillcrest 36-CS-76-13 Tilden School Site Development 55,000 37-PW-76-21 Mississippi River Blvd. Lighting-Cretin to Dayton 18,000 38-PW-76-18 Fourth St. Paving-John to Commercial 50,000 DEDICATED RESERVE: Acquisition of sites for Fire Stations 19, 10, 14 450,000 and 23. (Allocation of monies contingent upon City Council's adoption of "Plan for Fire Services.") „ Homecroft Recreation Center-Gym Addition (allocation 255,000 of monies contingent upon the following: 1) The project is designed as a joint-use facility at Homecroft School. 2) The Office of City Planning coordinate the planning . and design concepts with the Division of Parks and Recreation, the School District and interested community organizations and citizens. 3) The School District agree in writing for joint use of said facilities and that operating expenses be shared in proportion to the agreed use. - , 4) The School. District provide the necessary archi- tectural design staff and 'funding, and that the proposed design be agreeable to the Division of Parks and Recreation) . .� UNALLOGATED RESERVE AND REVOLVING FUND: 517,055 Detailed Uses: Central Library Restoration-Alternate $212,8Z7 Funding Fire Stations #19, 10, 14 & 23 Design 50,000 Funding Unknown Construction Change Orders 50,000 Preliminary Design Revolving Fund 65,000 Continqent Reserve for Inflation and 139,178 Inadequate Cost Estimates $ 6,500,000 Page 3 ' , 197o CAPITAL I_'•I2RO�tiE�1T BuDGE^1 • ' PROJECT DLSCRIP s IO�IS Department PRQJECT NAME - PRIJJECT'S ESTIMATED TOTAL COST Effect on Praject Project Description ' Oper. & Maint: Number (Project Financing) = ' Annual Bud ets CONIlrIUNITY SERVICES DEPARTMENT CS-76-1 SYLVAN RECREATION CENTER SITE DEVELOPMENT - $75;000 $ 500 The completion of the site development program for ' Sylvan Recreation Center including grading, drainage, tot area and paving. (A new building was constructed in 1974 and new lighting was constructed in 1972) . Sylvan Recreation Center is located at Maryland Ave. and Sylvan St. (76 CIB - $75,000) CS-76-2 CENTRAL LIBRARY RESTORATION - $2,556,211 . 3,600 Restoration of the Downtown Library located at 90 West 4th St. to include the rebuilding of Kellogg Terrace and loading dock area with provision of storage for sidewalk ; and grounds maintenance equipment; replacement �and- . scaping, replacement of interior doors, as required; and liqhting and carpeting for the Children's Room, and ' additional funding to complete the financing of the restoration of the electrical, mechanical, and plumbing systems including a climate control system as previously approved in the 1975 Budget. f76 CIB - $1,066,000; 75 CIB - $1,050,000; Old Federal Courts Restoration Project Funding - $440,221) CS-76-3 CASE & DULUTH RECREATION CENTER-GYM ADDITION - $240,000 1,400 Construction of a gym addition on the existing recreation ' � building, located at 1020 Duluth, with upgrading of the site to include parking lot repaving, play area and lighting. (76 CIB - $240,000) CS-76-4 AOMECROFT RECREATION CENTER-GYM ADDITION - $255,OOQ (Excluding Design Funding) 1,400 Construction of a gym addition at the Homecroft (Utilities & Elementary School to be used jointly with the Homecroft Maintenance) Recreation Center located at 1937 Sheridan, with reno- . vation of the Recreation Center's •site, improvements to (5ignificant , include lighting and tot area. (1976 CIB Dedicated Reduction in Reserve - $255,000, and School District Financing of Personnel Casts Project Design} Possible) CS-76-7 �HARRIET ISLAND DREDGING AND REVETMENT WORK - $390,000 -0- The dredging and revetment of Harriet Island between the Wabasha Bridge and the High Bridge, specifically the land now used as a parking lot located between Nagaski Rd. and the existing boat docks. � � (76 CIB - $390,000) Page 4 � - 1976 CAPITr1L, �r`'�O�T'c.:��3T BUilG�T ' � PBOJECT ��S�EtI�TIOVS Department PROJECT NANIE - PROJECT'S ESTIMATED TOTAI, COST Effect on Project Project Description Oper. & Maint. Number (Project Financing) Annua� Bud ets COMMUNITY SERVICES (continued) CS-76-10 PROSPERITY HEIGHTS RECREATION CEVTER-GYM ADDITION - $188,000 $ 1,400 . Construction of a gym addition on the existing . recreation building, located at 1599 E. Cottage, off Kennard, with upgrading of the site to include the play area. (76 CIB - $188,000) ' CS-76-12 NORTH-DALE RECREATION CENTER-GYM ADDITION - $130,000 7,100 The addition of a gymnasium and craft rooms to the existing facilities located at 1410 North St. Albans. (76 CIB - $130.000) CS-76-13 TILDEN SCHQOL SITE DEVELOPMENT - $55,000 750 The grading, seeding, sodding of the site located at Albany and Arona with the installation of a soft- ball backstop, paved walks and a small play area. (76 CIB - $55,000) CS-76-14 CITYWIDE BOULEVARD TREE REPLACEN:ENT AND CITYWIDE PARK TREE PLANTINGS PROGRAM - $160,000 5Q0 "Boulevard Tree Replacement" money ($80,000) will be used to purchase trees for replacement of trees lost due to storm, disease, or construction. The "Park Tree Plantings" money ($80,000) will be used to purchase trees and shrubs for parks and playgrounds. (76 CIB - $160,000) 73 Project -HAYDEN HEIGHTS LIBRARY DESIGN - $186,000 As the needed land for the new Hayden Heights Branch Utilities Library has been acquired for $120,000, it is now Increase necessary to fund the design phase so that an architect Only can design the new building so that the construction of the facility can be budgeted for 1977. (73 CIB - $120,000; 76 CIB - $66,000) . � _ 69 Project HIDDEN FALLS COMPLETION - $644,755.37 : The final stage of the Hidden Falls development requires Maintenance local funding for picnic tables and grills, a system of Increase �• barriers to motor vehicles, and the completion of paths and linkages. These improvements will allow full use : of the park. (69 CIB - $100,000; 70 CIB - $83,48n.56; 71 :CIB - $95,000.11; 73 CIB - $64,770.70; Lt9 Grants - � $42,750 - $226,500 - $14,250; 76 CIB - $18,000) Page 5 � ' 197o CAPI^tAL i.•L�R0��3EI3^t BUDGET ' PROJEC� i�j�RIPTIONS De�artment PROJ�Ci �JxS� - PROJE�'S ��TI`�TED TOTAL COST Effect on Projec� Project Description Oper. & tdaint. ;;u,�nber (Proj�c� Financing) Annual Budgets 75 Praject PUBLIC HEALTH CENTER ADDITION - $483,000 3,520 sq. ft. addition to second floor, and limited Utilities remodeling to the first floor area. Increase The remodeling consists of the addition of eigh� examining Onl_y rooms in a space presently occupied by the Family Planning Program staff, the addition of a central medical records unit in the clinical area, and a substantial remodeling of the existing examining roo�cn space to accommodate clinical activities. Heating, ventilating, and air con- ditioning problems that must be corrected are included in the remodeling plan. (75 CIB - $230,000; 76 CIB - $253,000) 75 Project PHALEN PARK REDESIGN - $4,175,000 This project involves the complete rebuilding of Phalen Decrease in Park, and includes all roadways west of Johnson Parkway; Maintenance six new buildings (youth center, golf clubhouse, beach house, picnic pavilion, lakeside activities center, main- ' tenance); new path systems, picnic areas; parking areas; new golf course and youth center; additional bridges and - plantings. (75 CIB - $2,000,000; Metro Open Space Grant - $1,300,000; Metro Sewer Board Work - $40A,000; 76 CIB - $475,000) 68 Project SUN-RAY LIBRARY ROOF REPAIR - $35,Q00 The roof of the Sun-Ray Branch Library has been subject Decrease in to severe leakage for the past six years. Severe storms Maintenance have caused serious lealcages which have damaged books, magazines and office correspondence. ' The City of Saint Paul has received a moderate settlement from the architect and the contractor of the building for their negligence. This money has been spent on planning and specifications for the necessary repair work. This - has been completed. Money for repair of the roof is needed to restore the building to its proper condition. - (67 CIB - $75,000; 68 CIB - $280,000; 69 CIB - $115,000; � 76 CIB - $35,000) -, Page 6 ' . 197o CAPITaL ='•L��JS��LVT BUDGET � PROJECT ��a�?.I�iIOVS Department PRQJECT NAME - PROJECT'S ESTIMATED TOTAL COST Effect on Project Project Description Oper. & Maint. Number (Project Financing) Annua� Bud ets FIRE AND SAFETY SERVICES DEPARTMENT FD-76-1 ADDITION TO FIRE STATION #17 - $87,720 300 Construct an addition to the existing fire station located on the southeast corner of Hawthorne and Payne Ave. , so as to provide space for a ladder truck and improve the kitchen and watch office facilities. Approx- imately 52 feet by 20 feet, two stories high. (76 CIB - $87,720) FD-76-2 ACQUISITION OF SITES AND PREPARATION OF DESIGN SPECIFICA- TIONS FOR FIRE STATION NUMBERS 19, 10, 14 & 23 - $500,000 -0- To acquire building sites far Station 10, and Station 14, to be reconstructed on the southwest corner of Snelling and Laurel, Station 19 and for Station 23 to be relocated on the south side of Como Ave. across �rom the Eairgrounds. (The funding of design specifications is recommended only after sites are acquired.) (76 CIB Dedicated Reserve - $450,000; 76 Unallocated Reserve and Revolving Fund - $50,000) FD-76-3 RESERVE APPARATUS STORAGE BUILDING - $120;000 30d Construct a building approximately 50 feet by 100 feet � to store in-service reserve fire apparatus at the Metro Fire Training Site, 1691 Kasota. (76 CIB - $120,000) -, Page 7 . , 1976 CAPITAL L��`i?��i'I' BUDGc.T , , PRQJECT D�S��=^yOVS Department PROJECT t3AME - PROJECT'S ESTIrIATED TOTAL COST Effect on Project Project Description Oper. & Maint. � Number (Project Financing) Arinual Bud ets POLICE DEPARTMENT PD-76-1 CONSTRUCTION OF TRAINING FACILITIES-l00 E. 1Oth St.- � THYRD FLOOR - $75,000 -p- : Construction of an adequate facility on the third floor of 100 E. lOth St. to iflclude a tiered classroom capable of seating 50 students, a secondary classroom-conference room for crime scenes and group projects, and equipment . , � _n�cessary to support this facility such as a PA system, � � black boards and aduio--visual equipment. Space and equipment would also be provided to construct and equip the Police Library. (76 CIB - $75,000) PD-76-2 MINOR REPAIR AND SERVICE SHOP-100 E. lOth St.-FIRST FLOOR - $40,100 -0- Construct a mi.nor repair and service shop at 100 E. lOth � � St. that would be capable of maintaining a fleet of 190 vehicles. The shop wou�d be located on street level and contain all the equipment necessary for the shop to function. (76 CIB - $40,100) PI�76-3 VIDEO TAPE STUDIO-100 E. lOth St.-THIRD FLOOR - $124,000 -0- To provide a central location for video taping presen- tations in the area of training, investigating, public relations and communications within the Police Department. (76 CIB - $25,000; Grant applications for equipment - $99,500) PD-76-4 CONSTRUCTION OF MEN'S AND WOMEN'S SAOWER AND LOCKER FACILITIES-100 E. 1Qth St.-SECOND FLOOR - $76,000 -0- • Construct and equip two separate locker facilities on the second floor of l00 E. lOth St. to include male and female facilities for lockers, showers and restrooms. (76 CIB - $76,000) .PD-76-5 OPTICOM SYSTEM-MARKED VEHICLES - $97,575 -p- Install the opticom system in 105 marked street squads. - (76 CIB - $97,575) PD-76-7 CENTRAL AIR CO?�TDITIONINCr100 E. lOth St.-THIRD & FOURTH �'�,OORS - $85,000 3,000 Provide a central air conditioning system for the third and fourth floors of the building located at 100 E. lOth St. (76 CIB - $85,000) PD-76-8 TRANSF'�R OF RADIO MAINTENANCE TO l00 E. lOth St.=FIRST FLOOR - $47,500 -0- Transfer of radio maintenance shop from the basement of 101 E. lOth St. to the first floor of 100 E. lOth St. (76 CIB - $47,500) � � Page 3 ' , ?376 CnPIT�L rr4p��:li`-L-;?�T 3uDG?= . ` � . - PRl7il��.� 1.7�iJCY�.I�1IQ:J � .. . Department PROJECT NAN� - PROJECT'S ESTINiATED TOTAL COST Effect on Project Project-Description Oper. & Maint. Number (Project Financin } Annua�. Bud ets POLICE (continued) PD-76-9 TRANSFER AND REMODEL ROZL CALL AREA-100 E. lOth St.-SECOND FLOOR - $46,300 _a, Transfer of uniform roll call area from 101 E. lOth St. to l00 E. lOth St. , second floor. This would include the �� construction of offices for roll call supervisory personnel. (76 CIB - $46,300) � PD-76-10 WINDOW REPAIR-100 E. lOth St. - $4,000 Slight Decrease Repair of the window units of all floors at l00 E. lOth St. (76 CIB - $4,000) PD-76-11 OFFICE CONSTRUCTION-100 E. lOth St.-THIRD & FOURTH FLOORS - � $22,000 -0- Construct walls, install lighting, ceiling, and carpeting to equip office space on the third and fourth floors of 100 E. lOth St. (76 CIB - $22,000) � ; f � � -, r, Page 9 ' , 197o CAPITAL I'-:?�O�T�VT BUDGET � ' PROJECT D�SCp,IPTIOVS DepartrtQn� PROJECT NA4L. - PROJECT'S ESTI`�3TED TOTAL COST Effect on Project Project Description Oper. & Maint. :Iw•nber (Project Finar_cing) Annual Budgets PUBLIC WORKS DEPARTME:VT 1976 BRIDGE PROJECTS B-1058 KELLOGG BLVD. BRIDGE-AT THE EXCHANGE ST. RAMP AND AT MARKET ST. - $178,800 Slight Decreas Repair concrete caps and stringers on both structures. Paint surfaces of structure adjacent to Exchange St. ramp with white reflective �aint. Remove roadway : wearing surface at Market St. , repair, waterproof, and place new wearing surface. (76 CIB - $178,800) B-1056 KELLOGG BLVD. BRIDGE-WABASHA TO ST. PETER - $151,000 5light Decreas Remove and replace sidewalk portion of roadway wearinq surface that is carried on the bridge. (76 CIB - $151,000) - 1976 LIGHTING PROJECTS V-0430C ARCADE ST. LIGHTING-IVY TO LARPENiEUR - $44,000 , (76 CIB - $44,000) 3,OQQ V-0509 COMO AVE. LIGHTING-TH 280 TO CLEVELATVD - $42,000 (76 CIB - $42,000) 3,000 V-0506 CRETIN AVE. LIGHTING-MARSHALL TO IS 94 - $30,000 (A - $7,000; 76 CIB - $30,000) - 200 V-0602 DALE ST. LIGHTING-MINNEHAHA TO SIMON - $36,480 (A - $6,000; 76 MSA - $30,480) - 200 V-0605 IC�ISOTA AVE. LIGtITING-800 FEET E. OF PRIOR TO 700 FEET W. OF SNELLING - $40,OD0 700 (76 CIB - $40,000) V-0438 LEXINGTON PKWY. LIGHTING-SELBY TO IS 94 - $36,000 (76 CIB - $36,000) - 800 V-0569 LIGHTING-MIDBLOCK - 1976 CITYWIDE - $25,000 _ The installation of midblock lighting on residential 5,000 streets throughout the City of Saint Paul. . � (76 CIB - $25,000) i V-0469 MISSISSIPPI RIVER BLVD. LIGHTING-CRETIN TO DAYTON - $23,500 - 200 (A - $5,500: 76 CIB - $18,Q00) V-0440 PAYNE AVE. LIGHTING-E. 7TH TO MINNEHAHA - $54,000 (76 CIB - $54,000) - 900 V-0607 PRIOR AVE. LIGH`rING-FERONIA TO MINNEHAHA - $60,000 (76 CIB - $60,000) 100 Page 10 • 1.970 Cr1.PI1_i_. _'_'rF..�i�J.C.i•��2' $vT'��.T . P�OJ:�'� ��?�TIOVS Department PROJECT NA��IE - FRCJ��'= _�_-::_�TED TOT3� C��T �=°�ct oa Project Project Description 0^ar. & ?•Saint. �Vu.-nber (Pro;=�_ ,i r_aRCing) �,.*:�,�a}. Budaets (PUBLIC WORKS - continued) V-0606 PROSPERITY AND HAZELWOOD LIGHTING-MARYLAND TO LARPENTEUR - $75,000 150 (76 CIB - $75,000) V-0452 RICE ST. LIGHTING-HAWTHORNE TO LARPENTEUR - $60,000 (76 CIB - $60,000) 300 V-0513 ROBERT ST. LIGHTING-ANNAPOLIS TO CONCORD - $55,000 (76 CIB - $55,000) 300 V-0464 SNELLING AVE. LIGHTING-EDGCUMBE TO HAGUE - $18D,460 (75 CIB - $105,000; 76 CIB - $75,460) - 1,000 V-0465 SNELLING AVE. LIGHTING-MIDWAY FKWY, TO HOYT - $36,340 (State Fair Board - $15,020; 75 CIB - $16,780; - 100 76 CIB - $4,540) V-0551 WARNER RD. BRIDGE LIGHTING - $10,600 (2nd UIB - $10,600) �00 V-0390 WARNER RD.-CHILDS ROAD INTERCHANGE LIGHTING - $12,900 (75 CIB - $7,200; 76 CIB - $5,700) - 100 1976 STREET PROJECTS P-0636 ARLINGTON AVE. E. PAVIPJG - EAST SHORE DR. TO HAZELWOOD - $171,750 Paving and grading of Arlington Ave. E. from E. Shore Dr. - 50� ' to Hazelwood. (76 CIB - $171,750) P-0563 FOURTH ST. PAVING - JOHN TO COMMERCIAL - $5O,OD0 The grading and paving of Fourth St. from John to Slight DecreasF Commercial. (76 CIB - $50,000) P-0635 PINEHURST AVE. PAVING - FAIRVIEW TO HOWELL, AND HOWELL ' PAVING - PINEHURST TO HILLCREST - $42,000 Slight Decrease The installation of a bituminous overlay with curbing. (76 CIB - $42,000) P-0638 WEtST COMO LAKE DRIVE PAVING - LEXINGTON TO MARYLAND - $30,000 Bituminous overlay and curbinq. (76 CIB - $30,0001 - 1,000 1976 TRAFFIC PROJECTS T-1083 OVERHEAD STREET NAME SIGNS - CITYWIDE - 1976 - $12,500 Large street name signs located on mast arm of signal 1,250 poles. (76 CIB - $12,500) Page 11 _ ` 1976 CAPITAL �_-'?��tT�:�:.TM'i. 3'J�G?"_' , � PR03ECT �?�^_�_iIO�iS De�ar�ra.` �ROJECT NA:�IE - PROJECT'S �5�='�LyT�D TOT1� C�� E==°ct on Projec� Project Descrig�.ion O�er. & t•Iaint. �It:.�e-r � (Project ?izancir.g) ynr.nal Budgets (PUBLIC wORKS - continuedj T-1061 TRAFFIC SIGNALS - CITYWIDE - 1976 - $18D,000 An annual project which provides for the installation - 1,800 ( of new traffic signals where needed and the reolacement of existing signals as required, (76 MSA - $60,000; � 76 CA - $30,000; 76 CIB - $40,000; MHD - $50,000) 1976 MISCELLANEOUS PROJECTS M-0604 MAINTENANCE SERVICES OPERATIOIV BUILDI:�TG - $700,000 Construct a building addition to the present facility - 102,000 at 873 North Dale to consolidate all street maintenance functions and refuse collections. The building would pravide space for the paved street revair unit, the bridge maintenance unit, and the refuse collection supervisory and office personnel. (76 CIB - $50,000; 77 CIB - $650,000) P-0637 PEDESTRIAN RAMPS FOR THE HANDICAPPED-CITYWIDE - 1976 - $50,000 _ The construction of sidewalk ramns for the handicapped -0- at various intersections throughout the City. - (7b CIB - $50,000) f , � .T Page 12 � � d � N � N � � � W W q (X3 N 07 I-+ F� N 0� CO O O O O �2 �l J �t O O � ,-�Y � , 1 i I 1 1 1 I 1 1 1 t 1 1 I 1 1 1 1 1 1 I I CJ � ' F-' h-' h� t-� F� F-� I--' h' F-' F-� h-� F--' F-� F-� {-� N F� N ►-� F-� F+ ►-J CJ i f 1 1 { 1 t 1 1 I I 1 t 1 i 1 1 t 1 i I 1 O J �I �l �I �t J 6� G� G� Ol Cli 6� G� 6� 4� 6l G� 6l G� Cli 6� 61 !i� F-' �3 F-� k� �3 O O O O t-3 tq � H W � 0� �3 �1 �i J �t y G� CT� G� G� y Cn lrt ln N O O � O �O r r r � r r r � � � � n � cn n � n � c cn � � {, c, � � ,.3 � [ y r� �n � N- r- n � N- s� c� O n rt n s� r� o K � K • n *t '.'� CJ rt- C C L�'� C rCS v 1�• � O CT''Z3 tt F-�- CY rt G H C5' � � �- K c~] n � . �_ . . � � � � . � � � � � � � � � x � � � �v c� n � � � � � cn � �� z� � o m � � x zx � 'z3 O fD fJ (D v fD �C1 r0 fD t� cJ CJ � ft ni � fi F�- K t-� F-' � � � ►i � ri �-{ E � £ � Ft X E � 7.'�4 t'�J � �R � O t0 1-+ � rr (� O f+ O O cD (u ni (J O tn cD (1i tn �" rn fD �' O C � � !� t� E < C� C C K � ri E < � �-t <. � $ G S E tn fJ F-• rs� K �-t f� CJ t� CJ !�i A� II� CJ � O ~ n (�i� t�D rt � � N CJ t!Z h� Ln '�C �, N ^G � � � U� U1 � Ul � � C � :� ri � � � � � � � � � p't K (D � !-�� ' �+ Cn N- C71 4^ (Il Cn . � �C CJ (� CJ (p (D I-'• F-�• rt N• • • ►�S ` in ►i tn K ti }i CJ'l t:� fD (J F-�• V] CD U2 V] W CI� F'. I-'. Y- F'- (� rh ln Ul CJ C� Ul 0� fD @ (D F-' fD F�' (D fD CJ ►i fD m ri �-t K tn Ft u� ta :o tn m tn f-'- � F-' F-' F�• F-' i-'• F'- F'- G� G� fJ CJ l0 � F-+ (� � CJ (D F-� fJ �I F-' 6� �P t-' w U1 � J J l7 tA al UI N � � U1 C2 l0 C7 lp � � � r,�i � o t-� � � ►-� � F• �' c,� � � � � � a � � w`�' � � � rn � � E-' o v o� � N- n m � �,. � 0 w w N N N N F-+ (�--` � � � O O Gl Ol N N N k-+ �i �i � � 0 O � ,P �.1 � ln ln tn Cn x F-' i�+- � O ln En Uz Cn O O O O � � � O O O O O O O O O p 1 � � 0 O O O O O O O O �"C �-Ii � O O O O O O O O O fD jU W � r, �., H , w � t-� 1-+. N (�? W O W C'�i 6� � . C} � � . � � N• C` (D � . O O O O O O '� K O O O O O � ~� � �' C7 O O O O n � F'' O O O O O � � �.�. O O O O O � Y O O O O O � O Y. � L'+ r�t' t.• F"; O N � C1 `n n � � r � N � N F-+ R+ �i � U] N' � R1 t] tn r-� � � � __ rt m 6� ,a N' .P �A �P �P '� `A ln �P F--' W N W F-� N O ��ln O N Cn O p F-' O E-� . �I N O (n O �F-+ `O l'J N O N �'' � . O O O O O O O CJ O OJ . l,� ln O O tJ f--� O 03 �i O �i fD O v p O O O O Cn O Cn O O O O Cn vi O O O p O ri O O O O O O p O `p O O O O O O O O O O O O (? � � O O O O O O O O O O O O O O O O O O O F- 0�fJ O O O O O O O O O O O O O O O O O O O r-h � ` � N . E.+ . �. C�' O O C,� q .p '..� �3 Ui � � ' o v' ° oa o � o � U � O W N � N U O O ln �� 0 � 0 � � � � . � Q O O O p O (� p O O O O O � fi � �, [� N F' F-' h� �-' C7 hi , N N N W W W O � O �P d.1 w.�1. (Il US U7 N N N N SL � fv 1 t I ( I 1 1 1 1 I 1 i I 1 1 1 1 �t .� C F-' F' F-' �--` I-� F-� F-� F-' t--' F-� N H H-' t--' F-' 1-� N CJ (� • (p t f 1 f J 1 1 ! I 1 I t 1 1 I 1 1 "�S �t �l J �1 J �T � �] �t �l J �! �1 �1 �l �1 �I �I O N FG O Ui (n C3i ln tTt O ',.� �P �P �A �P H W W W H N N N N �"h � � � O O K t-' t'' N t�-' G y � O � � � d � x n � d � x c � r h [n o u� �r �J su n U1 o cn �, [r_ n K � cn w � n tn � � n L5' CJ c CJ ft' �'�Lf �' CJ � ('�i Ct (3 S� �' �Cf CU rt Z5' L'i' f) rr 'zS t5' A+ K '�' ri (D N • S� ri '.Y ft �i fi i-+ W • tt C� � N �-i CD • C� 1-� 7 H- �-r t-�- ►� CC � 1�• c�" N• tt N• �-t � N- rc � � F-�• fi � '� ( (a O (D • H (D O C'J CJ �" H () CJ H C G1 '�i1 U1 � Ul h7 '-'�' '�l7 Ul $ N '"i1 f17 '"�J � G� �d :L7 '�L1 Ul `Li '�" :d t'4 u, r� � o r � � � o s� m � o � � o � m � �--� N r o n � ►-� r-� � ►-� � K N r � � � N n � o c� � r7 � ►jr� o r� �oatio � � nn o �o � � c� � �.-� o n u, � E � m -� � � C s' a m � C � �+ � C � � F E � � c � m L'� ln C, (n i"1' CJ � R� �P C '�?.�F '�� A� fJ W� f� C� Sv N C'r f� A} . � ►� � r• '� � � c� N- H . r � r• t� � N- � N �r tn v � � r�r cn � � � � � � � ` � � � � K � � � • Ft ('�J tY ��-t Ft � t5' ti ►i � � �-�t t�'• � P� tn F�- � Sv O i-•- Cn P� H- 1-'• C� Cn N- (D rt �t � !D cD t�` ct C cD f� rr (J (D � cD f� � C7 � LfI F1• � d � CJ Ui Ft (� U] UI fD Fi (!l � �'' � � F-'- N r• cu r� c� � w � c� N m m r� � r� c� ►� � u� � n m � N � � �o u� � � �o � m � � � J [t C` W �l rt' [t ff` �.1 ['t �l �t �t �i (n f'S (D F--' �A K � F-' W N F--' N I F'• Ul lfl x W C-I � H � J � r � � n rr ►� u� �r �, � � � � w .� v' `A t-� � a� w m � � �,, -� N ,� ~ � � O O O O O x o O O O � � � � W ffi O 6� � ln (n p O O 0 � O O . � _ . � p O O p Q O O O • p � p �� p O O p O O p O O � O F--� 11 ! � O� �. oi n o� n o �D o � rr � n b u' � �' t7 C f-'� � � u, � n` � 0 0 o p o � � 0 o a a o N- � o � o 0 o c� c� ° ° ° � ° ct � - o p o p p � . �� . � . � . � .P, p ,P .ril l�� P Cn 6� ;� N � N �P O t�� O O O � � � � � 0 ln� O in �' Q O 0 � O� O O O � O p O O CJ ((( O O O O( O O K O O O O O� O O O � O O� O O (� � � � � O � � O '-� O O O O F-�• O O O .7 p O O O O Q O O O ri' � F-+ . N N �"' �, F-' � � � N� (Ti � . U ` � O � � O � N � O � O ln Cn O N U O . O O O FG O p p� O O C� O O� ;� ti , K � d c� c , ' E N rn � fi � ._./" N C cv i n f� � � . (J N G1 (? d . G � 1 tn � �-h � �1 I � m . � � G� C�' �G H � � � G U N t-' N � !D '� y0 K c�tt H r � � [�-+ +i :� .-. � � o a. � z � N- a rn m � �z � �o n � r-�r � � n tt1 � L'+ ►a-� � N � � � � � !�. �.t m � � rn G p, CD F-�- O � � w � H � � � � K � � � � � � � m -- c � � c.., r� E.• c,, o t-� �a o � � w o w N o ,P � o � u��o �n iv x 0 0 0 o c� o o �r o °o 0 0° o °o 0 0 0 0 0 0 0 0 N � F., 7 � � �o r- 0 o c 0 o r o n. a o 0 0 i - c� � o o ru 0 0 0 0 °o ,.�.�. m � K � r d u' � � a� cr v C r- t� o O c,� cn 1-� ;n i-� � .a. rn o .a. o rr o 0 O O O O O K �7 � O O O O O Q O � � O O O O O � �-�Y � v G, O O G7 ,� � r.t � �P O '.� �P (D OJ O CJ 1 � ri O O O O O � O p � � v O O O O .. F' F-' t 1 F-' . � w N i-' F-� � N H. . .P. �1 � J . .a iA- � O 0� O 0� F-' �l Cn O � �? o � r-� o � o r-� 0 0 0 o O O O K 0 0 0 0 0 0 o n c, r, ,-. ,-, r. � _ ,.. , (��-- r wr��TE — cirv c cWK . . . GiNK - FiNaNC�..=,,,,. ' ■ .1�V oY• �L31 J.`� 1 �19,l..l L Council CANARY — Gc?ART^.rtNT� � tJ � T � � " � e�uE _ ,.,,aroa �' File NQ. . , �� e��.�� Presented By Referred To Committ�e: Dats Out of Commit�ee By Date W�f�REAS, the rTwyflr pursuant to. Section I�.07.1 of the Charter oi the City of Saint Paul does certify tnat there are available for ap�ropria�ion ta�a1 reveau�s in excess of thos� estimated in the budget, and. G�`iiER.E.4S, tlze rfayor recogmte�ds that th� following ad.ditions be �a.dz tQ the 1976 budget Financirg Summarg OOOOQ Operation and Maiz�.tenance --6 rliscellaneous Reve�ue —69 Other riisce.11aue�ous Ravenue --6902 Closzng Out. Special Fund $20,OQ�,00 . ApPropriation Su�mary _ Operatian and Mainteaance De�G. of. Fiizance aad rlartaoement Services 01001-210—f300 Adainistration $20,000.00 «'rfEP.EAS, the i�fayor recca�ends funclina no� to exceed $20,000.00 to i�uleme�t "Proposed Work Probram — Ci�y Bond Consultaat" (copy attachQd)_ RESQLVED, tlzat the Coun,cil of ttse City of S�.iat Paul eccepts thz P�Ia.yor�� reco�ertdatiQa and adap�s thz above additioas ta the 1976 Eudget. �PProved as to FurcdiAo.. APProved- - : `Y� �� _ � ^ r. � f ' =// ��" ! �.r�r.� / .7iS/`/�,L ,� � , ��n ,� /�/ �jt . : .^_.rl /, � 1',r��.�7�{w.�-r►/�..,r"' . . � Direct `------- __ �V' �,doet Di�ector Dept, of Finar_ce S� 2�Ianagement Services COLTtiCIL'tiiEN Yeas Nays Requested by IIepaetment of: Butizr Fiaance and �tanag_ment Services Hozza In Favor H�int . Lev�ne Abainst By % r'�?► P.oedler Sytvestar �,� i Ta�lesco f Form Approvec�by City Attomey � Adopted by Co�ncil= Date /. ; �i � �,J ; Certifie� P�ssed by Council S�creCar�r � �y�_ � i �� F3 � � �,�,�'�_` > ` ' � -- ( :; � . . .---=-�""' K.�'�'�.'._ SP�i111GSTED I�CORP�F�ATED MUNlCIPAL CONSULTAIVfS SUITE 873 OSBORN BUIIDING •SAINT PAUL,MINNESOTA 55i02 •(612) 227-8318 P.O.BQX 82 • BROOKFIELD,WISCONSiN 53005+(414)784-1842 � ��Y=�� .. 22 July 1976 /�' ��l_ . ��.��` ,��?�`�+t .��;� r y� ''' .►�� l . . � . e� � 's�, 7 ,�+t'�„1 , . . . ' . 7�� r 7 '"'SO' y�++-y� � . ty y � + 4� T_�. Mr. Thoma.s J. Kelley ` �Ti ' �ity A�iaistrator �r; ` - � �F�;�;*� ��"'� City of Saint Paul, MN .� :°°,� ~��' �'�� '�., - i:�., ,� Dear Mr. Kelley: ';;� , r:" \�J \ , --_,_--- - r �, , � '�__�' ' i.��.-' In response to your request we have compiled the following Tist°'of scheduled or proposed bond offerings between now and the first of the year by Ramsey County, the Saint Paul Port Aur:hority, and the Saint Paul SchooZ Districi. Amount Method Date issuer (million) Type Purpose of Sale ---� 1. August 4 Ramsey County $14.1 G.O. Advance Public Refunding 2. Septembi� Port Authority $67 Revenue United Negotiated (early)— � (approx.) Hospital 3. Septembl� Port Authority $2.2 Revenue Health Negotiated _ (early)— Care _ 4. October St. Pau1 S/D $8.3 G.O. Central High Publie� (�i�3le)?� Sc��l � Annua.l Capital Outlay , S. December Ramsey County $5.4 G.O. Parks & Public (middle) � Open Space 6. December St. Paul S/D $23 G.O. Tax PubZic �.(late) (approx.) Anticipation 1/ Per F. Warren Preeshel of Mi1ler & Sc�oeder Municipals, Inc. who are the underwriters for the Port Authoritg and Peter S. Popovich, Consultant to the Authority. 2/ This wi11 be our recornnzendation based upon discussions with the District's Director of Business Affairs, Raymond F. Browne_ However, this h�s not been presented to the Board of Education. _ ,� __ _ .__ _ Mr. Thomas J. Kelley 22 July 1976 Page 2 The schedule, frankly, does not offer a "good" time for the City's financing. We recammend as much ti.me as possible be allowed between the August 4 sale by the County and an offering by the City. We also think it is important to avoid a conflict with the Port Authority's issues. Although the latter will be revenue bonds, nevertheless, in our judgment, it is to be anticipated that there will b.e some overlapping of prospective bond purchasers. In recoguition of these constraints it is our recommendation that the City schedule its offering or offerings for Tuesday, August 24. We also recommend that the effort be made to include aIl bonding needs which; the City expe�ts to have for the balance of 1976. This includes the proposed revenue offering for the Water Department. Although normally we would not recommend offering revenue bonds at the same time of issuance of general obligations we do make such a recommendation in this instance. Our reason for doing so is to reduce in at least a small way the frequency with which the Saint Paul "Community" will be cam�ng ta the market. Cordially, ., - -�� smoa R. Springsted :dw c: Mr. Greg Blees -.��,�. + `' � 11J13/75 ... � PROPOSED �•IO_R� PROGRAM - CITY BOND CODTSULTt�iT � �Introducti.on NATURE AND PIIRPOSE_ The city of Saint Paul is conducting a major study of its bonding and debt policies_ Th.is study will .incZude a review of all relevant �'actors affectiag Saint Paul' s bond rating. The ultimate goal of the study is th� develop�tent of a comprehensivz - - debt poli.cy for the city. The .city is also interested in iosterinq cooperation a�ang governmental units which are reliant in ��hole or � in part or_ Saint Paul's tGx base_ It is hoped that the d�bt poza.cies of aIl such governm�nt units wauld be strengthened by cooperative efforts. The s�udy �rill also exar�i.ne the impact of Saint Paul's .- bonded debt on �the �ietrogolitan area_ � With the realizatian that an understa:z.ding of the l�iunicipal Bond �iarket requires technical expertise beyond the ken of local publ.ic officials and acTmini.stratorsr city personnel wi.11 be working with a . : retained bond and fiscal cansultant. The cansultant�s `aork prograrn � is desi.gned ta develop the informatian needed to complete a thorough study and to de�velop specific proposals for implementaf ion of tre recomm�ndatians of the study. . There is signi�icant overlap be-�ween the w�rk progra�-n of the . consultant and the work progra_ms of city personnel. This overlap is intention.ally buil-t in�o the work prograias for two �reasoz�s. � � Firsz, a major goal of the study is ta generate the in-house capacity : to develop capital debt infor�atiorc in a forr�at which is co�srehensive and praper. An essential ingr�dient of a co�prehensive d�bt policy wi.11 be the akail.ity of the ciicy to devel�p its o;an debt informati+�n on an ongoing basis withau� the contin.uing assi.stance of a retainzd - consultarit. Sec�nd, while much of the �ork going to infvrr�atian � developnent will be performed b�r city pzrsonnel, it is apparen� that - a consultan.t's expertise wi�l be required to guide thase efforts into meaningful work products. . EPJD PRODUCTS_ Tha cansuZtant` s c�ork will rovide t ' _ ger_eral and specific iniormation regardiagPbond ratiings, `SainthPaul's present debt status, and proposals for ir.2proving Saint Paults debt program. In addition, the consultant wil.i offer a seminar on bonding for inte�esLed city personnel and G:ill oifer reco*r�enclations regarding the develop�ent of the city' s Conprehensive Debt Policy. � Proposed Work Program - City - � . -2- November 13, 1975 Bond Consultant � � . 10 0 ELF�2�IE1VT - DEVELOP GE�RAL �IrTFOR'KATIC?�I � This element is designed to provid� ��e city with a pool of general information regarding bond ratings and the bon�d market. It focci.ses on providing information to city personnel in both written and visual (seninar) form so as to enhance each participant's ability to understand and deal with inforrtation regarding municipal debt. Another major part of thi.s element entails an analysis of Saint Paul's current bond rating and the development of reco�endations . for improving that rating. � . 7Ct is the intent of the city_ to make the information developed under this ele.�cent available ta local govern.-*�en,tal �its. � . ., . Proposed Work Program - City -3- November 13, 1975 . Bond Consult�nt 11a BoNn x�TZr;Gs Nature and Purpose - We hear o�ten abflut bond ratings and th`ir� sig�ifieance. Yet, for the most part, public officials and adr�inistrators are not raell • infornzed about ratings and the true iinpact oi ratings on issuance of debt. This sub-eZerent has as its goal the development of information regarding ratings, gen�rally and as they relate to Saint Paul. End Products l. Development and presentation of in�orr.�ation regarding bonc3 rati.ngs for di.ss�nination to loeal offici.als. 2. Wrztten. analysis of Saint Paul` s existing rating_ 3. Recoma-nendatic�ns for improvi�g Saint Paul's r�ting_ . Tasks l. Listing of factors affecting bond ratings with gezerai comrrcents. Specific work Frill be done on a nu�-�er of these factors. This listing is desigr?ed to deir:onstrate the scoge of rating questions. For discussion purpases, a prelimiriary list is attached; consuttant will refine this preliininary Iist. 2. Analysis of significance of ratings. Cozr.parati.v� analysis of an issue sold as Aaa or Aa. " �. DisadvanEages of Hi,h rating: e.g_ pricing local investors out of our market. �_ AnaT�sis of Saint -Paul` s ex.isting ra-�ir.g, factor analysis_ . S. Develop recoin�-nendations for improving Saint Paul' s rating. . � - Proposed Work Program - City �7-- November 13, 1975 Band .Consultant Preliminarg �List �of FactorS Affecting Band R�.tings = For Discussion A. Existing Debt - Analysis, Impact on Rati.ng 1. Debt Policy - Uses, Purpos�s, Plannirig � 2. Debt Structure � 3. Debt Burden � - - 4. Debtc History and Trend 5. Prospective Borrowing B. Financial Factors and Information ,l. Budget Analyses - Operating and Capital Budgets � 2. Qua�.ity af Financial AdrainistratiQn - 3. History of Financial Operations � • 4. Bases of city' s Revenue Syste�, including intergovernne�tal transfers 5. Capi.tal Planning and Hudgeting Process 6. Qualitlr and Forn o� Informatian Provided to Investors- . C. Managel�ent Factors 1. Level. of Professionaiis�t 2. Extent of Eiforts to Perpetuate Econor:�ic Base _ 3. Adrainistrative Perfarmance • 4. l�ianage�r�.ent - Labor Rela�ions 5_ Employee Productivity - History and Pragrarts . 6. Delivery of Support and Protection Services 7. - Coordination of Planning and Capital Budgeting � 8. �Accourztability to Electorate an3 Elected Officials � 9. Abilitg to Develop Cohesivsness on Bond ReferenduGts l0. Intergovernzaental Factors - Con�licts - Comple��ntarity D. Econamic and Demographic Factors � l. Analysi.s of Location: Natural P.esources, Land L3se, Reputatian � as place to Live, Geographic Advantages - 2. Analysis af Pogulation: F�ealth and Labor Eactors, biigration Trends. 3. .An�l��sis of Economic Structure: Business and Industrial Base 4. ��nalysis of Eco�omic Perfo�mance - E. I,egal and Politicai Factors l. Continuity o� Legislative Autharity for Debt Issuance 2. Political� Climate: Cohesiveness, Success of Referendiu�ts 3, Consumer and En�ironment�l Iss=szs 4 . Capacity to Comply with Federal and State Requirements. Regarding Human P.ights and Environ�ental Issues . , ' Proposed Trlork Program - City -5-- November 13, 1975 Bond Cansultant 120 SEt•SINA..R FOR AD�lINISTP.AfiIO�]', CI'FY COJI�dCIZ �L1D INTERESTEII STAFF OF OTHER GOVERl.�I?'�IENTAL U7VIfiS Nature and Purpose AS the Ne�a Yark situation deteriorates, it appears increasin.gly important that local offic�als and administrators be educated on the basics of municipal de�t financing_ This sub-ele�nent is desigrzed to develop a progrars and information �or pres�ntation to local � officials on debt financirzg. . . End Products . �l. Written material for seminar sessions on banding for local officials� 2. Prelitninary development of information for discussion �vith �other . . govern�ental units. . � • 3. Trainin.g for ci:y p�rsannel to eonduct seminar in future, Tasks � - - . - - 1. Develop written materials to accoumpany seminar presentation. 2. Def�.ne terms used in municipal bonding. 3. Expl�in various options and rRethods of debt financing: � � 4. "Discuss bond ratings and their im�ortance. (This wi11 use infornation developed under sub-ele*_icent 11Q and includ� discussions on rating bureaus and current na`ional and local trends) . � S. �utline work progr�m for improving Saint Paul' s P.ating - Using information developed under su�-ele�ent 11Q and including: a. :Saint Paul - Rating Factors needing at�enticn b. �i�evelc�p process to plan and coordinate bond programs for governl-r.ental units reliant oz Saint Paul` s tax base : �` . -- - � 6. Develop short course on municipal debt financing and train city persor_neT to teach the course in the future. . _.::i�fr: ___ . . . __ ._. _ ... . _ _ -, Proposed Work Prograsa - City -6- . Noven�ber 13, 1975 Bond Consultant 200 ELE?�IEi�1T - �SPECIFIC PROJECfi ASSICN��i�S . Finile the cons�ltar�.t is required to develop generaI. inforr�atian irt Element 100, several of the items included in Elenent 1Q0 are of such irLportance that detailed analyses o� them ��ill be required. - Although there is substantial overZap ar,�ong the projects in this element� Element 100 and city projects, it is i.n-tended tha� the � consultant will be used as a source of expertise to complement the developrient af information by city personnel, . Th� projects ir_cluded in the following sub-elements are designed to provide city pzrsonnel ��ith infornatzon ar_d recomr..endations regarding issues of preeminent iiutiortance in municipal debt - financing. These pro�ects should �orrs the building blocks for � the development of a comprehensive debt policy. : _ _ . . _ _ : ,�:,�..:., Proposed Tr7ork Pragrain - City -7-- Nover!mber 13, 1975 Bond Consultant ' 210 ANALYSIS' OF' EXrSTING DEB'I' -�& D�B� STR�CTITR� � r.ature and Pu�oss Quite clearly tize extent and na-�nre of the eity's existing debt - is a critical factor in both bond ratin�s and the development of . a com�rehensive debt poli.c�r. This su:n--ele�:ent is designed to provide the basic info�ation regar�ing existing conditiorfs, � options available to the citg with regard to its existing debt and ta show the i.mpact of that debt on future citlr budgets. End Praducts . 1. Specific infornz.ati.on regarding Saint Paul's existing debt. 2. Analysis of the impact of existing debt on future I�udget deeisz.ons. � . 3_ General analysis of city' s fiscal health. Tasks l. Develop information on existing city debt structure. 2. Analysis af callability and refunding options available. 3. AnaZysis of payment structure, ir;�pact an flexibility in us� . of progerty tax and future city bu�gets. . 4. Analysis of city' s fiscal health according to standa�-dized criteria. = 5. Recommenda�ions r�garding variance af existing debt structu�e including analysis of proposed ci`y bond issLes. _� . , � � Proposed Work Progran - Ci.ty -8- Nover,tiwer 13, 1975 Band Consultant � 220 AN�I,YSIS OF DEBT CAPACITY OF SAINZ` PAUL TAX BASE Nature and Pu�ose . - � Although clear cut standards regarding the debt capacity of an area cIo not exist, it is generally agreed that there must be a limit. Certai.nly at some point the level of debL nay reach a poin-� wh�re - it impairs the city' s abil.ity -Eo market its securities. The tietropolitan Council, in its proposed Investraent Framew4rk, attempts � ta set st.andards regarding its capacity -to assume debt. The Council uses ternts such as ta�qayer tolerance level and debt saturation � point to describe the need for its anaZysis_ Tn the development of a conprehensive debt policy, it is imperative that reasonable, ascertainahle standards be apglied to detertaine as closely as passible the debt capacity of the area. _ • End Products _ l. Develapznent of standards for deteraining 8ebt capacity_ . 2. Analysis of present debt capzcity. : 3. Projections of revenues as against capacity. Tasks , � • - l. Identification of criteria bearing on debt capacity. 2. D�velo�ment of standaras for determining debt capacity. _ 3. Analysis af existing revenue base, relative ta� burden of Saint Paul taxpayers. . 4_ Analysi.s of ul�imate irapact of tax incre�ent financing. =, 5. • Review irzpact of Fiscal Disparities Act on Saint Paul tax base_ � . . � ' 3 Proposed Work Program - City -9- Novembar 13, 1975 Bond Consultant� 230 ANALYSIS OF ALTERi'VATNE METHODS FOR FLNDING PROJECTS Nature and Purpose No real analysis has ever beer� done regarding the relatianships among the various methods of financing capitaZ projects. While r.iany projects by their very nature dic`ate the forrn of fund�ng to be used, there is sor!te room for flexibility in the �use of deb�. � The purpos� _ of this sub-elem�nt is to discuss the ogtions _for funding, defin�. the relationships among them, and �ake recomzer�dations rega.rding use oi the aptions. � End Products � - l. Detailed analysis of various r�thods of funding as tQ advantages, disadvantages and the relationships ar•aong thera. 2. Proposed recor�uendatio�s regarding the use of. varzaus options. Tasks 1. Paper on G.O. Bor.ds. 2. Paper on Revenue Bonds. 3. Paper on Tax Increment Financing. - � . 4 . Paper on uses of short term debt, BANs, TANs 5. Relatianships af 1-4 and reco�:;raendations .,.� . . . Praposed ��ork Progra'u � City . --10- November 13, 1975 sond Consultant 24 0 FINANCIAI, RESERVES Nature and Pur ose � F.inancial reserves are a continuing source of concern in the eity_ The existence of a reserve opens the city to criticism �froin varivus sources and. in�tpairs the �city' s abi7.ity to generate necessary ft�nds - . in certain situations. Concurrently, there �are �indications that reserves are necessary as they are important in cash flow situations, � have an iripact on bond ratings and are an e:ssential hedge against � unioreseen contiri�encies. � � � It is the purpose of this sub-eler.zent to analyze the true requirements for iinancial: reserves and to estabZish recomnendations � regardi.ng the existence and the proper �use of financial resErve accounts. � - End Products 1. Ana3ysis regarding probl�ns �vith an3 need for reserve accounts. 2. RecouIInendatio�zs regarding pro�er est�lishm�nt and use of rese�re accounts_ Tasks _ l. Analysis flf value and use of cash reser�,Tes -- existing city policy. 2. Iir.pact of reserve -accounts on bond rating. , : 3. Recomm�ndations regarding use of reserve accou�ts, e.g. use as zevoiving research -and develop:a?nt capital project account. �, . �� , ,_ . � � Proposed Work Program -- City -11- - November 13, 1975 Bond Consultant . - - 250 PROPOSALS FOR INTERG�VERi�,T1�LNi�I, COOPERAfiION Nature and Pu�ose This eleraent is designed to provide technical expertise for the dev�lopment of the city�s propo�aZ for intergovernmental cooperation. ��,hen anal�rses are made of the capacit� of the 5aint Faul tax base as well as the debt sattzratior� goint f.ar the �area, it is essential that that assessznent include in�ora:ati.on regarc3ing the �other governmental units which rely in whole or in part ori the Saint Panl � tax base. As the. city of S�int Paul is but one of nine governat�ntal units reliant on the Sairzt Pau1 ta:{ base, any development oi a _ comprehensive debt policy will have to include intergovernm�ntal cooperatzon as a critical ingredient. End Products l. �nalysis of advantages and disadvantages of intergaverr�ntental cooperation on bond ratings and m�rkets. - 2. Recon�endations regarding structu.res needeci ta facilitate cooperation. . Tasks � l. Analysis of impact of various governTnental. units and their debt structures on Saint Paul tax base. � 2• Analysis of inpact of Saint Pau1's debt serv?ce requirements on Metropolitan area. 3. Assessr,t,ent of potential impact on bond ratings and markets of area-wide cooperation. 4_ Reco;�r�sndations regarding struc`ures needed to fac�litate � coop�ration. 5. Reco:*.li-�endations regarding legis].ation needed to enhance the area' s bonding capability. �. v • � .. � � . �'zoposed Z�ork Program - City -12- November l3, 1975 Bond Consultant � 2 6 0 IbIx�ACT OF EXTER�TAL FACTQKS ON LOCAL BQND P�.ARKET Nature and Purpose _ Tne possibility of default by the City of New York carries great imulications for the future af the 2lunicipal bond market. � Among ot'r_er things, tne Security and Excnange Com.missian i� proposing - that it regulate the sale of municipal bo�ds. It is important that the city be �aware of the implicat�ons oi either of these events occurring. The city must be prepared to respond quickly to additional reguiseznents which would have to be met to market its . securitie�. It is the purpose �of this sub-element to arm the city with the inforra.ation and ca.pacity to respond to changing conditions. End Products . 1. Analysis of impact 4f_New York situatiori on the czty of Saint Paul. 2_ Develop?zent of require�ents for additional inforniatior� w�ich may be required by municipal markets. . 3. Preparation of contingency pap�r should the S_E.C. succeed in� regulating the municipal narket. . Tasks . 1, Analyze iinpact af New York situati.on on Saint Paul. 2. Identify a�ditional requirements which may result frorn existing . crisis in raunicipal b�nd market. � . : 3. Analyze irn�act of Securities Act Ar.tandmznts of 1975 and To�rer Am�ndment on Saint Paul securities. � 4 _ Prepare for various possibili`ies �rith goal to minimize impacts of e5cternal factors on the marketing of Saint P�ul securities. ,.:�.. _ . * - , _ , , . . � ' , Proposed Work Program - City -13- November 13, 1975 Eand Consultant 27 d DEVELOP STANDARDiZED FORt��T FOR SAIi�FT PAUL BOi�]D ISSIIES Nature and Pur ose � � � As much of the material the city .rsust distribute as part of its prospec�us is historical, it should b� possible to develop a standardized package to go alang c�ith city issues_ The purpase of this eZement is to identify those itens which ean be standardized and to provide for a process whereby that data will be kept current. A second purpo�e of this sub-eleznent is the development of a critical path anaZysis for processi.ng bonding proposals thraugh the city of Saint Paul. End Products . � 1. Standardized Package of Inf�rruation for inclusian -in city � prospectuses. _ 2• Process for continuing revi.ew and update af .package. 3. Proposed Critical Pa�h chart for city. bond issues. Tasks - 1- Identify ir.formation usually submitted with issues �Thich can be standardized. 2• Produce initial p�ckage af information and develop process for }ceeping tne package current. � 3. Identify existing critical patn through the city of Saint Paul for bond i s s�xes. � . Recomncendations regarding critical path. .. . , , � ' 'Proposed Work Progra.m - City -14- Novem'�er I3, 1975 Eond Consultant 280 PROPOSALS FOR FUTURE CITY-CONSULIA.�'T RELATIONSHIPS Nature and Purpose � ' It is anticipated that once thi.s work program is comp3.eted and the city has developed a comprehensive debt po3icy, that the city will need the services of a bond consultan.t on a limited basis. In addition, the city cvill need the services of a bo�d cansultant for each specific bond issue. � It is the purpose of this sub-eleraant to identify the services i�hich �rill be required an a cantinuing basis as well as identifying those services the city should seek fror�z a bond cansultant in designing and selling specific i.ssues. _ End Products 1. Development of a praposed ��ork program for the city's future bond consultants. 2. Identification of bond consuZtar_t's role i.n speeific city bond issues. Tasks 1. Ideritificatian of areas of expertise where services of a bond consultant will be needed. - . ' 2. Development of sp�cifica�ions regarding role of a bond • consulta.nt in s peci=ic ci ty bond issues. 4 3. Recor�nendations regarding use of bond consultants. '` ��tast rir[n �ireei, �aint raui, iviinnesota 551 Ot. Edward N. Nelfeid, executive director. pi�one 2°3 52 l8 � .�r. � .. �, , �yi(i� -''L� DATE Ju�.Y i4, 1976 � HOUSI�IG AND REDEVELOP�IENT AUTHORITY �� THE CITY OF SA1��T �AU�., �+�d�l�lES�ITA TQ TIiOMAS KELLE� ��ti> � � FROM A. J. $LOCx � �' , � � . SUB.�ECT NEXT CITY BOND SALE - REQUEST FQR REIiABILITATIOiI LOA�'�i FUi�1DS " �� This meaaraaduia is a follow up to our recent discussion about the need far additional rehabilitation loaa funds to aperate our 1976-77 program. We have the following , resources available for rehabilitation loans for the duxation of this next CD year: Community Develogmeret $I,000,000 � 3� _ 410,000 Minnesota Housing Finaace Agency 200,000 Leveraging 1,000,000 yS2,C00r00U The CD funds are restricted ia use because they can only be used in designated priarity and concentrated areas. Therefore, we have liau ted funds available o� a city-wide basis. AUD 312 funds are only available through August, 1976. The maximum te�rm available on the Minnesota Housing Finance Agency funds is 12 years, which makes the funds leas attractive to loan applicaats. We have the followiag fund.s available for gurpo�es of rehabilitation grants during CD Year II: - Ca�auuity Dev�lopment . $ 800,000 - Minnesota Housing Finance Agency 63Q,000 $1,430,000 Of these grarit funds, the portion that is CD financed is again restricted to priori.ty areas of conceatratian and the Minnesota Housing Finance Agency portion is restricted in that a minimum of 50% must go to seaior citizens. As the above information indicates, we have ap}�roxi�ately $4 million available for sing2e fami ly rehabilitation Ioans/grants.Based on the current average of $6,000 per loan/grant, this would permit us to complete the rehabilitation of 665 single-family dwelling units. Our projeetions, based oa our current workload, suggest that we will need funds to rehabilitate 900 total single-family dwelling units durin$ the next yeaz. Given this demand for single O � � � ;� � . THOMAS KELLEY - 2 - JiJLY I4, 1976 family reha6il�tatioa Zoan fuads and the fact that a number of senior ci.tizens and a cross-section of average city homeowners are being served, it seems that the additioaal � bond sale reQuest af $1,500,000 is justified; Furthermore, the additional funds are needed to be able to respond to those applicants who da not fall wi.thin all of the man.y restrictions on the funds listed above. �'' � - ' � . � • cc: Gene Ranieri Greg Blees � �� William Pattoa . . ; -, r � „•, . � • ;.z--....` . ;,•ia - , . (i I '1'1" () 1' :�_1 I \"1' 1 �_\ I" 7. f�� ♦ �•� ��1 ��; �: t)1� 1 �1j-. �j.�Z �� .� � i �;' i rL!1.,__ '7 � �. ':j -i - 1. . . . . . � �',� " � �i� � . � . . . �r�:- � � . . � . .. �� . . � � . . � L.�«-rtr:vct: n. C:oetf;� >L�t�,c April 22, 1976 To: Council President David Hozza and tilemb2rs of the Sa_-.= Paul City Council Fr: Thomas J. Kelley, City Administrato�`i' . 4�--1 Re: Unified Capital Improvement Program and Budget Pra��ss Report Transnittal Transmitted for yaur review is the report entitled "PRO?0�_;T_, FOR A tJ:VIFIED C?1DITAL IMPROVEMENT PROGRAM AND BUDGET PROCESS FOR TH: �==J QF S�I:3T PAUL," ' Office of the Mayor, April I6, 1976, OM-0058. Purpose: This report proposes a new decision-making process £or _Yc,rarli-.*,in� and budgeting capital improvements in Saint Paul. The new process wi�1 3irectly affect future decision making concerning all capital fund sources. I� ;:?1T also affect existing decision-making structures and processes. Background: This report recommends solutions to pro�Ie�s in the exi��_aa ca�ital imoravement process. It proposes three major changes: 1) A comprehensive Capital Improve�nent Process which oro,ra:�s a.~�a bu�gets th� expenditures of all capital resources in a coordzna�e� �:�t?:o3 so as to provide unified city developm�nt. Tnis process can be impi��_�!�ed regardless of whether the orqanization and responsibilities of tn e =�using ar.d Re3evelopinent Authority and Port Authority are restructur°d. It �ro,T?a�s a �:�ethod to coordinate the projects of all City deaar�..ents w?t� =�e in�ro�emen=s pro- gram.*ned by other ].ocal governmental aa�r_cies in Sa��t ?aul. 2) Rn opportunity for neighborhood involve�er_L in the �Ia^n?nc o= projects, the reqvesting of projects, the assess:�ent of need �� .za prog=arnning of proj�cts, and the identification of the citizens' c=_:%.�ide `unding priorities : in a �recommended budget. 3) A budgeting process which will eliminate accountinc �_,�ic��ties now occurring when departments design a praject i:n anticioation c= �ity Council's approval of a final order, only to have the project not appre:�_� ar.d i��len�nted. ,�_.,,.>., # ^ . s .= , , Saint Paul City Council MeT:�=rs Page 2 �o�il 22, 1976 Administrative Action: 1? Prior to the �-iayor's making any formal recommendation to City Council for action, this saport is �eing distributed for review and co�unent �o the followi.ng: C2B Com..-�.i.ttee Planning Com,-�ission City operating depart�e:�ts City agencizs, autnorities anc} other governraental bodies Citizen groups through the early notification system Other interested organizations. 2� The Community Development Section of the Office of the tiayor wi].I be preparing a document whicn sun^�arizes the contents of this report as it arfects citizen involvement in olanning, programtning and budgeting. Th� summary will clarify citizen participatio�.. - 3) Tne Administra�ion is i:�plementing the repart's recommendations for Administra,tive - Action. Council Rction Requ�sted: Review the report and trans�nit comments to the �ffice of the .•:ayor. Future Action: Aft2r a review of the final recorun�ndatians of the 'dayor, adopt by Cauncil Resolution, th� reoort's recomnendations identified as Policy Decisions. Glosing: T am pleased #� pres�nt tnis report which presents the "ho�v to do it" for deveZop- ing a ITnified Capital Improvenent Program and Budg°t Process for tne City of Saint Paul. This process w?Il provide citizen involvemant in thz bu3geting of capital resources in a n�thad wnich assures that the real needs and priorities oi the city and its citize:�s are met. This report is another administrative effort of the Office of the t�ayor to provide a comprehensive ap�roach to management and budgeting. TJK:GNB:kh cc: Mayor LaTar°nce D. Con�n Dona3d L. Spaid � William Q. Patton Karen Christo`ferson w ' � �� . - I . � . . J � 4 PROPOS]\L FOR A UNIFIED CAPITAI; IMPROVEh1EN'P PROGRAbi AND BUDGET PROCESS FOR THE CjTY OF SAINT PAUL Process Steps CITI`I.EN CITY OPERATING OTHER AGENCIES . Projects ORGALJI2ATIONS . DEPARTMENTS Ydentified 1, District 1. Fire 1. Quasi-City Agencies Councils 2. Police • A. Yort Authority 2. Citizen 3. Public Works B. School District Groups 4. Community Services C. Board of Water 3. Business 5. Finance & Management Commissioners Organizations Services D. Civic Center 6. Housinq & Redevelopment Authority Authority 2. Governmental Units A. Metro Council B, Metro Waste , C. Metro Transit � � D. County of Ramsey • E. Minn. Highway Dept_ 3. Private Aqenciqs Planninq & Timing OFFICE OF CITY PLANNING Conflicts Identified - 1. City Planners 2. Operatinq Departments and . Agencies 3. District Planners Project Phasing OPERATSNG DEPARTHENTS and Costing 1. Department Staff � 2. District Planners Fundinq ITIZEN ORGANIZATIONS OPERATING DEPARTM,SNTS OTHER AG£NCIES Request Decision Making Fundinq Requests BUDGET DIRECTOR Formally Submitted Project Analysis PLANNING STAEF ANALYSIS DISTRICT COMMISSION 1. Office of City Planning COUNCIL REVIEW 2. Budqat Office REVIEW 3. Coimnunity Developaient ' 4. Property Management . S. Housinq & Redevelopmettt Auth. Recouaeendations Transmitted BUDGET DIRECTOR Distribute Requests to C B C MMI Apprapriate Task Force • ' Review Pzojects. PUBLIC STREESS & PARKS KUMAN RESIDENTIAL ECONOMIC • Tour Sites. BUILDI23GS UTILITIES TASK SERVICES IMPROVEMENT DEV£LOPMENT Digest Analysis. TASK 2'ASK FORCE TASK TASK TASK Yriority Rating. £ORCE � FORCE 1. FORCE FORCE FORCE _ Recommendaiions. 1. Represent. 2. 2. 1. 1. 1. fram 17 2. 2. 2. 2. Districts. 2. Two CIB Committee Members. Formulate Recommended CIB COM.yITTEE Bpdget Usfnq Task F�'orr� � Priorities and Recom- mendations • Review CIB Co[Rnittee M.1YOR'S 'SENIOR MANAGEMENT TEAM Recommended Budget and Note Disaqreemenis Revfea CYB Committee MAYOR and MSMT Recommended BudgsLs and Formulate Mayor•s Proposed Budget � Review Recommendations ' CZTY COUPiCIL and Adopt Budget � ' � � � - � .,aef_,. ..e �ti.� u...,,._ rn ��;... � �,F� _ . , ,� �s"��.�.. • _ . - _ - - ' a c c a a = _ - ■ a s.'1 ' . • s - - . . RS U) � . �ti •�4"y_�'rj=j' ',��'�. � � 4j'('4�;•i f�_.,.: ' t.�.: ! l_j;f. '�_i ' - `3 y -� - � � p � �j �-�_, � i -t i � f -� '-j- � ,-�-Ta i-r` .-1-j �; -�- 1 ; w ;'�_� 1 � � � A � �- ' -� , . : o -.� �� I�_ �_� � t_s.. !-i__ � j'�i.L.'ri_.:_._�� - �a._�.' �"�-i�l�4 '.._:....:..Q ' '>,_ �^�=.-�-, o c�i o. b, �:l .�.. } � � �-r__!. .� _�.�I_;- �-:--a-��--�- , �-- ;-1--- N �-,� �- z � - � '� ��-� �-�-' �j- -- + ` � ° ' � ��' 1- -�.-�-;�_J_.� 1 ' i - ' , .i.E= ..i o .�+ _� :{ � �. �.�� _;_ 1 !-�' i '� � _� � i � � '• i��;;_��o •�_iu.��- �a u°, ro , � ,�, � ��j�_ '�� .� i ��I � �" ��;"^1 1--t 1_`.t__1��_� ...._��._.�_ �_ _�"°�:-.;-.•.Q- �+'-::u_: � a v� � . ��_ _.1=.i L�--�-i-� -:�--�- --� _�. _� ,"�-1-.�'"��''_-'- _ .y_ � � , � ;_j�;�-_ � ; �- �.i , � ��_ �, . , ,.-} i ;sc , ' �y�. � `-� ` • rn °3 `� o _ _��_ � -�-1 �� 1� .; _�i_�� I-.-� .��-� ' , ' 1 � v; r ._ � � _ o ro � E _.I�I + � t-,-� � ,,�.:.�,.�',_�._�_�..�� ._..�.��-�-i—�-ri-�-t-,-�--� , 1 ,�,y,._._Q _.. }� �. �_�, r- �� ._t_,_,T _�� : � '_"--�-:�{} ' L,�,'� o_ � w =-' G'' „�� . '- _;� �_}�. ��- j-l� � ` + � � {_..� �y �l_ -J � � � � }-.-�-- tT U .0 .-1 1_ t-(:: _� . - � _'� -i ! .�- � -{-f' �-r i �T�i t • -•- � 1 .�O .l_ �.' � U -r''-�l` ,'rt"i-�i�. ,��_,rTt � �i'_.......�_L �-T�r_�._.l��w�.� . :, •,-i a� 9, � � • _r '=: _...._ �..�.f..— ` }' ,��-;� ' -�-�-r-�,_1-; '�j�'�� q o_- � � N U ; _ �:1-�:� � .-i t-F t--1�� -�-�i-}-'_"�.----�_�-� t -;-j�--' '-+;-j ':1`-'--i�"� � _�o = [4 � N ; � 1 ' , .J � .'T- � j i r! ,�_ � � �i- -� ,�-t.. .-. , -- �•,_-1•=,ti° I _ ^•!�r � �T��..,r�.,,r 1��»i_.,_.._.I.T.,i._J....r�' :J_.:..t�..! ��'.�' � � -- GY1 O � � � '��..�.j o:�'o •� � a a--:--�_-o-�o�-r--;o�-- j o� � . H r� �a i � j�'" .��',-L � g ' 1 ;°J l. j -�o�a. , ^ � I � � �.-•-•�"'�,' � � � P i �� ' U o . �. : IZ I�•�.--��_"y'�` •T�� J � ,'_f��-�, �. � I r �C�� -�� } �� .... W .� �"'� � . t �R�'- -�m. ' ` 'o �=1.+ � -:.. �a-�j�r '� I --�.c � �. i i �-I�1 1 ^! I�� i I � .� I? � . I - � ^' I _` _ r ' ._ +� U.r N ......��t •� T'._1' `r'T��-1--�-�'�'—�' y ��'� �—�� e— 1� � .� ! ;� l�� ----,- �---;-~t i- _ _j-;._�;-_�-;--� �_, ,_, , :;_ ��-T-;.M :J _;°ri� : � � � } �� -_t :_�-.,-- _ -y =� �- -�:�� --�—{-}-� � _ ' � �i � c " Sa N x � �� -1 �- --�- -R- -r �!- �--r-{ ��:-{ � � �-�i�'.� �. 3 r"' O O 0�1 S-� , . . ��,t t I "j'"'Y'__ � . I T{ � � t i^ 1 � i e i f i i . . - 4-i �1 � , ar. �. � l.r.._.: L1.A. - U N 4a j i�'i � i i � i i � � � � i i � ��L �'{_" � " 00 o e �'o 0 0 � r0 H � �jZ^y ��'-�-i-�'� 1 .l r 1 —1�''_� !��-�j��-.� �_'_�'��.Vnr ../ N N N O.,. N - O ol° • Q3 5..�1f '- O � . • f'_r��_� 1 . 1 . ��.j_. 1-F- _J_ i_. � .l_�o .f J •S__ '� V � • � � � 1 � •.�� I -rl�I Y� �� 1 j , � ; ��- . ..,... . -._��,,.�� ...� � � � • . . t7? .�� 7 -� ; / ,: ,-.s-! J t .1 rn�o °'-�9 0 o Ma O ^. o---oo'� o-' Q� �- � ri N � : j � . 1 • � � :J e� �n - ;a�-, �.-�-�_^ � ' �-^ =;-��._ � "---�- +LC- �_ �--%'� T c � i- -�-�$ � - N �i-f G U � � 7_ •-r-•. _ r� � �_�-.-.��' . "�� 4.- .. �_ ^ o- r� � � C�. � .'Tt .. r T _ �__+� ,�-�! . -� W - �rt . , ,� � � � � „ �, � , �- rt � , � -, .� � � � � � . . a i �_:.i _ � . _ _�. � � � ,-r-i-�-r-t-r�rr: r-�-----r,°°. ,�.: . . �-�--<-- o � � rn + 1 �� -- -��}-- n o�o 0 00.0- -oo o ��c el.a-' .f+ .� �� - . :,��' j �1 }�.�'F� . J-�:~:.��r-'T�i�L.!..°s ry�°-� i°o�� °`'�n �� r � ffS N �".. � . r - i . . o� -'o n -.�� o - n r � �� '� Qi .� •.� Lfl �� + i- � 7 r1 ' i" �'�'1�_1 i ' l�S i.�sn s ' � -�.i.._I_ � cto T �� 1 �I 1 l't �t r,._ - - r ?-- �n -� (IS ''� � � r,� i=�=f=�=;; �-�- , _�_� - ;o�e_ W � .=,t��'", . � T"'_ � , ,�� . �; ..:.a..;. .,�,.. . ,_ _ `I-. � � � o �. -. -;-__--�--- . - _.oa o 0 o�a—oo o .00 o <o o -t-a a� W 1! '�; � `':-;�i-__--- T-r-=--�.c-i-:-'�i o o_:o�`:��°. .•.°�,r'� •8.°� u. �y. _ <�e _ .4 t� :7 A f.." 1-� � �-+' �' _�-,�. .'�'_"__T!"�_.,._ /�t -. . o� N N��-- ..„j.ri .::� °� o.�', e � :�`�a'�. - � � � � . V :� ' �1 � �I 1 � r.. S �- K-:.0- c� o..d r- _j �_r��:: ' � �r{� '�✓ � '�-1 . - � 'i�-�--av-a.�+.-r_�- .�� .....� 1 I ��T''�: �'"� + ' ( • . .� ..� .^� N-" t0 rtS -I-+ .. � G , � • ,�r �`_,.�...,. ..._ .. _ �. .. ,� � a. a� �a 9 F_ , -1" O,0 0—i � �b< O� . 1 � � � -1.��,,,,:-r : ?.� �o�..� �� D o��'_'O O e o s ° '8 e7""10 I : iA •r� � .�'/ � . ; c� i." � �_`J �iI�- -_� -1-t g� '$ ° °- 'a��-;R: - 8� � ��y _ a_�_ _ .�Fe� •.`�. -r •.� � � ,11 � � L� J-}-. � . _� ' ..: 1.� 1� r N�!O l�. I M TI C` M � N : a� ? . V• �.w M O f"/�'� ' (z� I I"'_;'�S1 T`_1 �� _ S !?� S S� v� �! Jl Y•I N IT._.J N M �U �U O P"{ .+.� IJ� + �+ ' r�:..��...,�...�_`��...�.'..r � .f-'-;- � ' �;- ' ' ; ' ,--- ^ °�-; a .� .c • ..1 o � � � � � __ l .L;�00-�0 O rN 1 Os. 'D�00 O � O'Y. '�OG O�� M— � �r� ,V . . � '��C•'� �,_-„��-a_ _ i_f._l.� `- `^ _ n f�.-S A�n o� A �� :'1 m= `__�_��;e' , id r.f i/�� i � - .� � Y�_�.-+ N J � A > � . JI ' O 4�N [l � J� i� . � �-I- J Y y � N r . a�1 1 .. .�.A � N1' �V � �+[ . 1"'� ��..-� � J S T N T 1 S T T. N �. M �aJ P Ni S a hi .T O O Y O � � x �,.„,_teL.��J.,��T; � ?!r. ' � ! { ; -' ' � ! ..�s� ^;- � ,� ' � � ^' � �n o .-� � r� rn H ( � " 1-! � ' ' � ' °�''�.. -� l� �� ° ��- a� z � s� a � Hey :� - - '-;Sc °, -� a ��o'co a°�io o'< o- o'` .+--'o� �o _e^ . Y� I� �h ��_t�!i- I �- o�.J oo�- N u r � �O e�.�.._i O�t J N i� 'O%�� ..�t J -O u O v��n - a� O QJ � V� � _l� � . ' - �.�.�N� O '.0��._�N N G� �� -�� _:O � . �n S MS [�. � J _.VI a- T s� . -�J C N G� H r- � _LS_.S; � S_ S . ._ N� � wl y� T�I vi_`a.w P ^i J �!��^.. '� 'r'I � G ; � �`!�7•,�.FT�� .�.+.,r^...�:. �.i��va�.1 �.�..��L.1.•�,9:�I-•�1.�. o�S a.�..-i .��v+^-. � �wf.-��'{ j1'-., •Kw r"� � . : W � ._1.:�c --O �O � N . .JrIN �ilC 'yAt O _OJ O O^ OJ'O O ^�� U� �Y � Y �U � M A �� ° +�! io� e �o> aw� �;� • �:aT �J- - �� ..�v o .:,:�•� _ 3 a �a o . � �--"' -jc_ a'-•.°> -o � d ... N- o`.rm�l�°. m�-.o- - :��.., ::.IC'n '� n'=•. "1`. O �r RS r-� � l` � �� _ a� T �N a ~) � o:N S� N. �t1en V� C �...5_�il� �� +� ' � Y� ' � � , �—'. .I {9 1 � 1 1S .1 ' 1 � ^_� 1 . �S�IN N � � � � � � U I��,o �o�o o .o�o o� o�'e� o1r o'�. '"�' o � �'g�o o� .o'o o e��+ .`.4.- e'.e�6-='- o nlN �,w �'+ .r+ '�"� . �.. , �1 G.�'�° o _�Y �C�`n __oa �� .�i~ � �ow i�O�J. oNN v��'1' °NnJ _ " O �nV '1, � 1. _ �. Q � � � M � M �O c�T �'=I` w �n�T_:N w•'f� N ti � ,J M� �~ � . . J Y� ��e V T �I ni I j.. �f ,= s; � ; .- �-.-.- r_.. _ . � ��1� ;�_,�. p, •� b� � �" i'-:^r . :-i �.: i......i�- N�.,�, „�-,I � i ...+.-�-� .�- S V' _J.,.-i. ' � S�. U H ''• � ' . 1 � . ^ � � i . �., ri S-� -� - a �,I -*o o eo -�-o 0 o'o�N---a �+ � ,y-ia'co 000-�000 =� �—�-eN"- O O � ^y •� 'r �S N �- � e� o� e.� � ;�o o , e- -- -! N�_ - . C� � ia., =�t o �j o r °"1_'-.Y=: ..9 e- r . _ ^'. '°n � .i -�.N'. .�^a�o =`�_ : ._:_J-�_j-!��=�r._ U 4i � .G RS � i11 '�' �h 4-- :`s _ ��'` _ - . s h__r-.n. .n . - • F.Hj r• �,.��.{..r �....�T� . �,.-: �-��,.�- � o._�.�i� �.� .�_ .,'�'.!._��. '-~� �-•'I T I-�r:i o W -�U �T i11 r-1 � F� � � �-o-6 o e ;o a o—o'� o - � o��o 0 0,.°.^-=-;._ o.i _-�--r-,-o j,... N N 1� � O � �^ "_ "' o�.°i' °.'v' a.i o 'i��i.° _°" n-_t r ` —:.i_�_ :��a . ri N � r� .� �, �, _�: _+a �-_� �� -��A ,�� o�� o _,s _ .. �olo _� .�.o�,� J , �.A, ` � I-� T�J � v T'�S. N S_- h S.� MT�.- N vt�, M1 "_�- _. 'T G' T..� T1 •^ W � �.UI �V � � o� � a ' s.�o.. .._..ir; ... �� !�_. ; � � � ' ��" ^ '�T�'"�I..- rt o H � +� c� a' Mm � �~} •�° e o = '--*� < �� ri � 1 0-o e•-, o o�_-'oc .��.°.. o ��.�o�' N~ON ��ou.o� � .o o-; � � o�I� -ie�}r • 4-1 O V .�^G, •ri � ' �r �4.y�._I o � O.. N� O J n�J O��j_J o�I �� } .�_. S 1nI .� � .4 .�� O A� W U � N � I.{ _ O��!rf •J V C N : 1 a\- C � O r O O W � � O �` � r' E_I�� T 'J. . -.'_ �': .r- _ .-� � ��`=1`> 1 1 �el�-' °�la- -'-^-�-- .°��. f11 0 .� f."i QI r-� t!1 .��_. i... � o � � .� .� � �� n.o o'-��o 0 0=�o�o 0 o-e o�o.n�.n=��-i-'o .'!�.��- �o N'.�+-...�.�....»�.o`��i!`��i -. RS O � N r O _ �M �e�-�. e : e < � -t. �o�� t , - .� _ o R, � a� . w N a� ('-1 � !" • °o'�,;��-�a � �o N .a .o�: . o�^ � �' . 4' - � . . t'� a ��o N'.°� - �'t N O •rl l� �i l4 N � . � ��:�. -�j� �.r �.. i ��.�. a-� ..5 � - .c I -_.° �-•--i -1-� � ."�.c - � �r)= ._ V? 4-I l�� N � . ' 1 �,.�1..�' ..... � � � _ �^` � i i T� �-i T- N �^ �-�:.i � S-1 6� -1� `� . ��q) �j�_° .° -1-e � o�-°o °o °� ° �' j `=r9n'.--T +—'. �—��-� _�- u��=.r' v��- b� (d O N � •rl 11 '� t_;o- _:i�4�� -a m.c:-.H" .� °in o ��.��w:._ .._��-_.�- ��:T w-r _i:' t .� �,�. R� •rl l!'1 .7'1 �"+ .�'� � �� t�!>.c _�I= , : - � -�--�� f-�= �'-, ') ^-, i ,_ � : � u •� ro � � : � I'�i -'�--�� yi -t�j''_'�� 1 {- ��' _.n"N _"'T.�-_n n' � N I� J� C.' � :r--'� �� --� � t� ��-. ... ' �-�- i � --z„1..�.,� } :� � • . �N N � O � Il � � I � :e'� o•-!o o e�< c �. a �< .Q � i _'__T-.,., _ . . i_ o o e•—r---1-1 0^ . V' UI d' �t..Ty ta .Q �-. � y- i._.° `•-''O � I VIU �CYI .��W 1`• � �� • � ( f '�I� i '^n' O ' t��., . � _ � W M �N � W vI . � r�� - . . .,_ ._ .,. � J • �._.L _��- .o .. . � :. .. r-I .f.. V' .il .0 - �s I � l 1� � fij i 1 i�� - � � � . 1 - y 1 �V M N 1� H �i , �_ � u _�_ 1+, , �-•-.1'. , �__ • •-.._..._..�a � _. r tn a-1 [n o 0 40 6 � �' c� '� �S .o � 1--� _' ! ��•+�� + � '�_�_��-i o 0 0 1 ° ° g � �. tn l� O S�-. W p � ul _i� � � ._(. ! �-' � 'LS t!} dl zi •�-1 Ca � . :� _: ? :. � . T� ° " . � � o � L'1 ..„ ( r_ ]; � '�-� I '� �_ � : i .-i � O u� �l_:..3_f r. y_ . � . ' R.. I � yi�- :� I .{-'�„�y � � 17�-i 1�"' - s----!---� .- ` -.. r-1 N W � � � , !' ' N ^-�- , ^-i^?-• -.--,-.__ �...--. ..:_�.._ ' J N U � N • � H ..� � � f.g'c o�--! c-- - -- 1 -, , 1 ; L;_��;.L_ � i~ O lf: �D �� , ; , � 7 . . : l ' � .._ + � . -.� � � e � r o� o- .0 � O .0 N (D U O�o � : �"' : c :-:_;_.^ t } _, .._ r-: t '-� �� -; f- °.:: � •rl •ri 1� � RS ,,� � .--� f �°:,- �n. t> �n 1 : }T�'1 � � � j i � , � 1 � ' �� .� � T. $ s � S: N Q � ,_.��i 1l � : ._.. � 1 ! � , � �_�:.._.� : � � '�� .�..L'_`'.....t=i�l!�� I �-�� r � j —�—•�., _ - �, � +� s� •� �, r�� . _' .�_!_"' -, -�-*_r-,-,- , _._r �_ 4.~ ._�-- --t_ . J._ o � ir o .� � �a . q � � -e o''�• :�� . � � •- � i �J (�-:.��-^-!-' o n n �ol e W Q •►1 W C: f.' H ' 1 .I � t , 1 � 1 � i.bn � : � .1_. � �� ... ,_ _!_;' '" ��' �� Ul. r� Q '•-1 !Yi � ,� i.'; . � � � ; � � � , � � � , � �i`.i-i ;- _ s_ ' � v � .� � � o �� „ . .}. ' ��t �.. ; , i ��f !—, r i� ,—r ; � �� _j_ ,—;- :�� , .", �,�- I o m o o a� x U' .:� ,,;_,6: � _ . _1 ! , . _ .: _�_ i •.� � •.� �� s� r: �, �, � �1 ��.�-. �:�1�- a..,�, a'�..i-� �«�.. i H�h' u..a� ^.o�� e; + �� -1-� � � 1J .-1 � . ;7 rC 1• r 1- o� � ..F- o. ��►. iC� � ,,�I' { i: ( �' � I i�: � I � I � ' �°^�" .Y � i '�� i '`1 � � � ` �i ';+ i� . ' t 1 � O A N � a� f� `) i I .: r �� x r > , . � .R � � O � `d ;,*t � �t � A) � N i ) ! �" A '�o � !�� + I "T �` ; ; � � I� � � ' ; 0 �n � p � 4' � � a'1;� ( � � � +I � � � � � I^ n i � ��°i �`"� � . � � �ii� � 1 � W P• a� W �y �� ` j f � � �f I �o I II IS' i � i:� ' i 1S � �� , Id^j � I9 �o ' 4 I � � ^ I �.4 I .rl r-1 41 •rl ?,7 � 1 (0 �,`� � n.ni ! �� I: � 1 � - ' ' + � � �� '� i I i� I io ; � .- � i � �� I � .. : + (7� CT O f^ ��S c �y� � � � , +°. ! � i �� 1 �� i R � � ;? ! ::C� I � 4> N �� U O U s� r a O �� ;� ' ( �- I 1 I I � � �"_ ' � � + ,., . � � .d rt1 c: �, c� � c� r � �� ,. � 1.��. . � t_`. j � i .s � I �_� �i �� r � �•n I � 'r � � ' �:- � ir' � � H 1J ri N �� f'Si rl f17 H�� ; !,�' � �~ � I . �, . ,�� I �l ; :�� I �� ; ^�.,� '.�� ,7 i �`�-' : �"� .._ . ^ . . . .i_ �_.� �..1 � 4_� � , ' . I :.'� f. I. � , I �t`� ! , ;.-; , ( ; t � � ,_ .� I � �v M , �, . , . . . .. .. . . . . - . . . . . ^-i� f . i�,�[ s C l: . 7: • t / r.�A .. 4 ..�A �. .1 4 i. t��+1 . . .�� Y ��4`�-�.. .. • .. � 1 � ♦ ...��. '� . . . . - . �.w.`i�