267412 WH17E - CITY CI.ERK ������
PINK - FINANCE CO1111C11 �''� �
CANARY - DEPARTMENT GITY OF SAINT PAIIL File NO.
BLUE -ty1AYOR
- � ` ( Council Resolution
�
Presented By
Referred To Committee: Date
Out of Committee By Date
Wf�REAS:
1. Pursuant tA Resolution of this Council, the Mayor, the City Clerk and Director of
Finance and Manage�nent Services of the City, �aere designated pursuant to Minnesota Statutes,
Secti.on 475.60, to receive, c�onsider 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
publisYbed as required by law.
2. 1Vo bids wpxe received an or before 12:00 noon on June 8, 1976, in accorda�ce with
the aforesai.d notice of sa.le. I
3. Pursuant to l�solution o� this Council, the Director of Finance and Manage�nt
Se.rvices and Springsted Incorporated, the City's fiscal oonsultant in connection with the
aforesaid iss� w�xe authprized to receive and discuss any offers camplying with the afore-
said notice of sale that are receiv�l 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 B General Obligation Refund-
ing Bonds of 1976 in accordance with the written offer of purchase attaclzed hereto arid.
incorporated l�erein by reference an�'has bee,n reporte.cl to this Couricil.
B� IT RESOLUID by the Gity Council of tY�e City of Saint Paul that said offer is
hereby accepted and that the City's Attorney an,d Bond Counsel are hereby authorized and
directed to prepare the appropriate bond resolution to provide for the issuance of sa.id
Series B Refunding Bonds for a�ption at the next regular meeting of this Co�cil.
COUIVCILMEIV ,� Requested by Department of:
Yeas Nays
__���� Butler �
In Favor
Levine
Rcedler _�_ Against BY
�x Hunt
Tedesco
President I-f�C SylVeStPx' ,�.�Q
Adopted by Co . ate ty4� 'Z 2 1'J�" Form Approv by City Att rney
Certifi assed ncil Secretary BY �
r
B
Appro d by Mayor: Da N 2,5 �9�� Approv by ayor for S is on�to Council
By By
PUBtt�HEt� JU� 3 ,r��
i �,����.�Y�
� ', 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 �
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� PLEASE SUBMIT BID IN DUPUCATE. It is preferred,but•not mandatory,that this form be used.
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' To: Mr. Roger A. Mattson Date: June 8, 1976 0
� Director of Finance & Management Services
City hall R
St. Pau1, Minnesota M
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Re: $4,540,000 G.O. Refunding Bonds of 1976, Series B
For the bonds of this issue which shall mature and bear interest at the annual rate, as follows,we offer a
price of$ y!.�:�.� <« and accrued interest to the date of delivery.
/,"�,.,��% 1979 % 1984 !"��;'`% 1989 �:: -=- % 1994
% 1980 % T985 ,,�'�c % 1990 �. r�.% 1995
% 1981 S.',�_% 1986 �t % 1991 "
_ % 1982 �."�% 1987 % 1992
% 1983 �-��,.% 1988 % 1993
This offer, unless extended by us, shall expire within four (4) hours of the time tet for its awa►d. In the svent of
failure to deliver these bonds in accordance with the Official Notice of Sale a� printed in the Official Statement
and made a pert hereof,we reserve the right to withdraw our offer,whereupon the deposit accompanying it will be
immediately returned. All blank spaces of this offer are intentional and are not to be construed ai 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 MembPrs
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Not as a pert 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:
Received good faith check fa retum to
N ET 1 NTE R EST COST $ � ,� �'�/ bidder as of ffie date of this offer.
NET EFFECTIVE RAT�� °"� f, .;,. :�� �;f %
SPRINGSTED Incorporoted by
� . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
; The foregoing offer is hereby accepted by the addressee on the date of the offer by its following officers
' duly authori d empowered to make such acceptance.
_.,�
Dire tor of Finance& anagem ervices Mayor
lf�z./7C
_ - ���7�'�.�
.
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' 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 B!D IN DUPUCATE. It is prefened, but-not rnandatory,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: $4,540,000 G.O. Refunding Bonds of 1976, Series B
; For the bonds of this iswe which shall mature and bear interest at tfie annual rate, as follows,we offer a
� price of$ _j;�-�.�,�z,_�_ and accrued interest to the date of detivery.
� ,,���G. % 1979 % 1984 ��Z % 1989 !,c�-% 1994
} Y 1980 % 1985 � ��% 1990 �,cic,% 1995
� Y 1981 �_% 1986 �,�% 1991
'� _ % 1982 �y�% 1987 % 1992
� % 1983 ��,% 1988 % 1993
;
i
� This offer, un{ess exterufed by us, shell expire within four (4) hours of the time cet for its award. In the event of
1 failure to deliver these bonds in accordence with the Official Notice of Sale a� printed i� the Officiat Statement
i md made a put hereof,we reserve the right to withdraw our offer,wheroupon tfie deposit axompa�ying it will be
' imm�diately returned. All blank xpaces of this offer are intentionel and aro not to be conrtrued as an omission.
!
{ We request that CUSIP numbers be printed on the Bonds and we will pay CUSIP charges related ihereto.
� (Strike if not applicab{e►
Account Memb�:rs
�R� , ��. � ��
� t#A nager
�
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; sy: �%R < <; 'W�1—
, __--.--------------- --- ----------�»---------- --
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; Not as a pert of oun offer,the above quoted prices}ie�ng controlling,but only as sn eid for the veritication of the offer,we have msde the
following oomputations:
Received good faith eheck for retum to
; N ET I NTE R EST COST' $ 7 � bidder as of the date of this offer.
� NETEFFECTIVERAT „�� �,ri,��,��.,�� °�
SPRINGSTED Incorporated by
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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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.
!
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iDirector of Finance&Management Services Mayor
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