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267696 � WHITE - CITV CLERK COUIICIl ������ PINK - FINANCE GITY OF SAINT PALTL CANARV - DEPARTMENT BLUE - MAVOR File NO. ouncil Resolution - Presented By Referred To Committee: Date Out of Committee By Date WHEREAS, pursuant to authority La.ws of 1971, Cha.pter 773, as amended by Laws of 1976, Chapter 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 dollars for each calendar year for a four-year period commencing with the year 1976 for the purpose of providing funds for capital improvements; and WHEREAS, the administration ha.s requested that the City Council approve the issua.nce of $1,620,000 capital improvement general obligation bonds to fina.nce the central library restoration project set forth in the current capital improvement budget; now, therefore, be it RESOLVED, that the Council of the City of Saint Paul, pursua.nt to Laws of 1971, Cha.pter 773, as amended by La.ws of 1976, Cha.pter 234, does hereby authorize the issuance and sale of City general obligation bonds in the amount of $1,620,000 for the purposes stated, and t�.e Director of the Depa.rtment of Fina.nce and Ma.na.gement Services is hereby authorized and directed to initiate the proceedings and prepare 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. COUNCILMEN Yeas Nays Requested by Department of: �t�lerA�3 S7�°��/� 6 Hozza In Favor Hunt �1 Levine Against BY Roedler � , Sylvester Tedesco � A,j� ' Q�Q_ Form prov by it ctor Adopted by Council: Date � Certifi a se y Council Secre ry By y Approv d y �Vlayor: Date AUG 1 b i9�6 Approv by Mayor for Sub ss' to Co�cil By BY p�gI.ISHED AUG Z 1 »7