267411 WHITE - CITV CLERK COIlACll (•; ��;�,�j,
PINK - FINANCE G I TY OF SA I NT PAU L f
CANAR`Y - DEPARTMENT
BLUE - MAY�R Flle NO.
- Council Resolution
Presented By �7� " `�-r✓
Referred To Committee: Date
Out of Committee By Date
WHEREAS:
1. Pursuant to Resolution of this Council, the Ma.yor, the
City Clerk and Director of Finance and Management Services of the
City, were designated pursuant to Minnesota Statutes, Section 475.60,
to receive, consider and award the sale of $25,890,000.00 General
Obligation Refunding Bonds of 1976, Series A� B, C, D� E, pursuant
to notice of sale heretofore duly published as required by law.
2. No b`ids were received on or before 12:00 noon on June 8,
1976, in accordance with the aforesaid notice of sale.
3. Pursuant to Resolution of this Council, the Director of
Finance and Management Services and Springsted Incorporated, the
City' s fiscal consultant in connection with the aforesaid issue
were authorized to receive and discuss any offers complyi�.g with
the aforesaid notice of sale that are received in accordance with
Minnesota Statutes, Section 475.60, and to report any such offers
when received to this Council.
4. Such an offer has been received to purchase the Series A
General Obligation Refunding Bonds of 1976 in accordance with the
written offer of purchase attached hereto and incorporated herein
by reference and has been reported to this Council.
BE IT RESOLVED by the City Council of the City of Saint Paul
that said offer is hereby accepted and that the City' s Attorney
and Bond Counsel are hereby authorized and directed to prepare
the appropriate bond resolution to provide for the issuance of
said Series A Refunding Bonds for adoption at the next regular
meeting of this Council.
COUNCILMEN
Yeas Nays / Requested by Department of:
Butler �
_�� �� [n Favor
Hunt ,l
Levine 1/ __ Against BY
Roedler
Sylvester
Tedesco
Adopted by Coun � . D te
JUN 2 2 ��7� Form Approved by ity Attorne
Certified assed ncil S�retary � BY '
By
Approv d y iVlayor: Dat C N 2�5 �976 Approve Mayor for Subm s io o Council
/
By BY
UBttSNED JUl 3 1976
��������
Bids delivered to Springsted Incorporated by 11:30 A.M. ,ihe day of the sale,will be carried to the sale. B
Telephone: 612/227-8318 Telecopier: 612/227-3145 �
D
PLEASE SUBMIT BID IN DUPLICATE. It is preferred,but not mandatory,that this form be used.
F
To: Mr. Roger A. Mattson Date: June 8, 1976 �
Director of Finance & Management Services
City Hall R
St. Paul, Minnesota M
Re: $4,050,000 G.O. Refunding Bonds of 1976, Series A
�� For the bonds of this issue �yhich shall mature and bear interest at the annual rate, as follows,we offer a
price of$ yGSa, �5►�P and accrued interest to the date of delivery.
� .S�•..�5'% 1979 % 1984 .�� ?�/ 1989 � •cc % 1994
S•;;�•f% 1980 % 1985 ,�,��% 1990
�'.S.�' % 1981 % 1986 G ��� % 1991
S G�% % 1982 % 1987 / 1992
�—% 1983 .s�<�% 1988 % 1993
Thia offer, unless extended by us, shall expire within four (4) houra of the time set for its award. In the event of
failure to deliver these bonds in accorde�ce with the Official Notice of Sele at printed in the Officid Statement
and msde a part hereof,we reserve the right to withdraw our offer,whereupon the depoait accompanying it will be
immediately returned. AII blank apaces of thia offer are intentional and are not to be construed as an omission.
We request that CUSIP numbers be printed on the Bonds and we will pay CUSIP charges related thereto.
(Strike if not applicable)
Account Members
�� ��
�
� t Manager
� By:
Not as a part of our offer, the above quoted prices being controlling,but only as an aid for the verification of the offer,we have made the
following computations: � /
�,
3v��' �y.r Received good faith check for retum to
N ET I NTE R EST COST $ �, �� bidder as of the date of this offer.
NET EFFECTIVE RATE S• 7s'�lG" .t'— %
SPRINGSTED Incorporeted by
� The foregoing offer is hereby accepted by the addressee on the date of the offer by its following officers
� duly au ed and empowered to make such acceptance.
i
�
�
�
�
, Director of Finance&Management Services Mayor
�O/-2/'710
^ - .
�
,�
��'��� � -�
�..�._L
, Bids delivered to Springsted Incorporated by 11:30 A.M. ,the day of the sale,will be carried to the sale. B
' Telephone: 612/227-8318 Telecopier: 612/227-3145 �
D
PLEASE SUBMIT BID IN DUPLICATE. It is preferred,but not mandatory,that this form be used.
F
To: Mr. Roger A. Mattson Date: June 8, 1976 �
Director of Finance & Management Services
City Hall R i
St. Paul, Minnesota M �
i
I
Re: $4,050,000 G.O. Refunding Bonds of 1976, Series A I
�
For the bonds af this issue which shall mature artd bea► interest at the annual rate, as follows,we off�a j
price of S y G�'-c,� '��9�p y�and accrued interest to the date of"delivery.
Tf
r�, ,�°`"/, 1979 , % 1984 s�.�'% 1989 .c��% 1994 �
�% 1980 % 1985 r�,<�% 1990
�p% 1981 % 1986 ..�.Y % 1991
�o / 1982 � 1987 % 1992
% 1983 ��% 1988 % 1993
This offer, untesa extendsd by us, shall expiro within four (4) hours of the time iat for its award. In the event of i
failure to deliver thesa bonds in aceordanct with the Official Notice of Sale as printed in the Official Statemant �
� and made a part hereof,we resaw the right to withdraw our offer,whereupon the dep�ii accompartying it will he
immediately returned. All blank spaces of this offer are intentiorel and aro not to be rnmtrued as an omissiort.
We request that CUSIP numbers be printed on the Bonds and we will pay CUSIP charges related thereta
�Strike if not applicable)
Account Members
I
�
r I
� �' � ,.: l��l� �
��5�- �� �
^ � i
Ac ount a �
�
. . �.1 �, . . , I
BY� �� � -
Not as a part of our•offer, the above quoted priees being controlling,but only as an aid for the verification of the offer,we have made the
following ComPutations: r�
,,, �— Received good faith check for retum to
N ET I NTE R EST COST $ `���5'� 7�'"S' bidder as of the date of this offer.
NET EFFECTIVE RATE �S 7S%��!�:r" % ;
SPRINGSTED Incorpwated by T
The foregoing offer is hereby accepted by the addressee on the date of the offer by its following officers ,
duly authorized and empowered to make such acceptance.
Director of Finance&Mana9ement Services Mayor