267413 WH17E -�CITY CLERK 1 ��r����
PINK . - FINANGE COl1IIC11 �
CAt�ARY - DEPARTMENT GITY OF SAINT PAITL File NO. f
BLUE - Ni6YOR
' Council Resolution
Presented By ��
Referred To Committee: Date
Out of Committee By Date
WI�1�S:
1. Pursuant to Resolution of this Council, the Mayor, th� City Clerk and Director of
Finance ar�d Manage�t�erit Services of the City, were designated pursuant to Minnesota Statutes
Section 475.60, to receiv�e, consider and award the sale of $25,890,000.00 General Obligation
�funding Bon�3s of 1976, Series A, B, C, D, �, pursuant to notice of sale heretofore duly
published as requirecl by law.
2. No bids wpxe received on or be�ore 12:00 noan on June 8, 1976, in accordance with
the aforesaid notice of sale.
3. Pursuant to l�solution of this Council, the DirectAr of Finance and Manage�nt
Services and Springsted Incorp�rated, the City's fiscal consultant in connection with th�e
aforesaid issue wpxe autY�rized to receiv�e and discuss any offers oo�lying with the afore-
said notice of sale that are received in acoordance with Minnesota Statutes, Section 475.60,
and to report any such offers when received to this Council.
4. Suc1z an offer has been received to purchase the Series D General Obligation �fund-
ing 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 1�SOLUED by the City Co�cil of the City of Saint Paul that said offer is here�
accepted and that the City's Attorney and Bond Counsel are hereby authorized and clirected to
prepare the appropriate bond resolutioaz to pravide for the issuance of said Series D l�fund-
ing Bonds for adoption as the next regular meeting of this Council.
COUNCILMEN Requested by Department of:
Yeas Nays
� Butler
-�s� In Favor
Levine
Rcedler �_ Against BY
�x Hunt
Tedesco
President H�t stex' ��� 2 Z �976
Adopted by Co . D e Form Approved City Attorn y
Certifi assed b ncil Secretary � BY
By
Appr d by Mayor: te � 1976 Approve by M yor for Submi ion Council
By By
Pua�.tstt� .lU� 3 i976
y � � �l le}�-e ,�'�y � �
✓ � •, .. •.1 � l 4���� �/�\a��.� . .
�
Bids delivered to Springsted Incorporated by 11:30 A.M. ,the day of the sale,wiN be carried to the safe. B
Telephone: 612/227-8318 Telecopier: 612/227-3145 �
D
PLEASE SUBMIT BIQ IN DUPLICATE. It is preferred,but not mandatary,that this form be used. I
F
To: Mr. Roger A. Mattson Date. June 8, 1976 � I
Director of Finance & Management Services �
City Hall R I
St. Paul, Minnesota M �
,
Re: $6,OOO,Q00 G.O. Refunding Bonds of 1976, Series D �'
I
For the bonds of this issue��,iich shaN mature and bear interest at the annuai raie, as follows,we o€fer a
price of� ������ r>c.,� and accrued intecest.tn the date of delivery: ;
�
�•7� 1978 % 1984 s�tJ% 1990 �.,�{% 1996 % 2002 �
% 1979 % .I985 rtd� 1991 �r�y 1997 �!�° 2003
% 1980 % 1986 �_% 1992 _�% 1998
� 1981 % 1987 �•/S% 1993 �j�/ 1999
y 1982 � 1988 �_% 1994 �S�/ 20Q0 .
% 1983 j: 7,S" % 1989 ��`/ 1995 f % 2001
This offer, unless extendad by us,shall ezpirs within four (4} houn of the tims�st for iis award, in the ewnt of
failure to deliver thass bonds in aceordancs wixh thb Official Notics of Sals m ptinted in the Official Statems�t I
and mada a part hereof,we reserve the right to withdrew our offer,whereupon the depoait sceompar�y+irtg it will be
immediately returned. AIl blank space�of this offer are intentio�al and are not to be construed as an omiuion.
We request that CUSIP numbers be printed on the Bonds and we will pay CUSIP charges rela#ed thereta.
(Strike if not applicable)
Account Mernb»rs
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Acc n M agm^ j
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By: � � 1 ' � � �
---------'----'-------`----------------�---'----J-------'-----__'—�—_—"' ,
Not as a part of our offer, the above quoted prices being controlfing,but oNy as ao aid tor the verification of the offx,we have made the
fotlow+ng computationa:
� �^ Reeeived good fa�th d�eek far retum to
N ET 1 NTE R EST COST $ �v�7`�:���� bidder as of the date of thi�offer. �
NET EFFECTIVE RATE _�-.-,�.r'1`�'�! % �
SPRlNGSTED Incorporated by � .
�r-S¢'..�'�,�r'a r} � �
. . . . . . . . . . . . . L`=.. . . . . . . . . . . . . . . . . . . . . . . . . .
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&Ma�agement Services M��
���{�,�t f
.. �+"�►- �_• � �* �'''
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 prefeRed,but not mandatory,that this form be used.
F
To: Mr. Roger A. Mattson Date: June 8, 1976 0
Director of Finance & Management Services
City Hall R
St. Paul, Minnesota M
, Re: $6,000,000 G.O. Refunding Bonds of 1976, Series D
For the bonds of this issue which shall mature and bear interest at the annual rate, as follows,we offer a
price of$� c t �, ,�-, :� and accrued inte�est to the date of delivery.
�
_S �3�% 1978 % 1984 ,�-. f,,_ % 1990 % 1996 % 2002
r�--�-'—o
% 1979 % I985 t..' „�, � % 1991 /, 1997 % 2003
% 1980 % 1986 � � % 1992 ��/ 1998 � ,s,�,
% 1981 % 1987 ���-_% 1993 % 1999
% 1982 ' % 1988 ,- % 1994 �-% 2000
r`. �-.- '
% 1983 _ ,f ?; % 1989 �,: �-- % 1995 �% 2001
Thi� offer, unlest extended by us, shall expire within four (4) hours of the time�et for iu award. In the event of
failure to deliver these bonds in accordance with the Official Notice of Sale s�printed in the Official Statement
and made a part hereof,we reserve the right to withdrew our offer,whereupon the deposit accompanying it will be
immediately returned. AIl blank spaces of this offer are intentionet and are not to be con:trued as an omission.
We request that CUSIP numbers be printed on the Bonds and we will pay CUSIP charges related thereto.
i (Strike if not applicable)
�
� Account Membr.rs
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� ount nager
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By. L
---------------------------------------------------------------
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
fotlowing computations:
N ET I NTE R EST COST $ .�� '� �` ' f Received good faith check ta retum to
. � � r ', "/:: bidder as of the date of this offer.
NET EFFECTIVE RATE /�--� q�
� SPRINGSTED Incorporated by
. . . . . . . . . . . . . � . l�`'�f f f' . . . . . . . . . . . . . . . . . . . . . . . .
The foregoing offer is hereby accepted by the addressee on the date of the offer by its following officers
duly authorize empowered to make such acceptance.
�
Dir ' ance&Management Services Mayor
�� Z�76
. s �'��7�!'��
. _
Minimum Proposed
Options Bonds Outstanding Cit.y Savings Bond Issues
A 4,100,000 402,094 4,050,000
B 4,600,000 480,354 4,540,000
D 6,000,000 649,597 6,QOa,000
14,700,000 " 1,532,045 14,590,000
A . 4,100,000 . 402.,094 . 4,050,�00
B 4,600,000 480,354 4,54Q,Q00
E 1,600,000 1,766 7,300,000
5,850,000
16,150,OOD 884,214 15�890,000
A 4,100,000 402,094 4,050,000
B 4,600,000 480,354 4,540,Q00
D 6,000,000 649,59? 6,000,000
E 1,600,000 1,766 7,300,000
5,850,000
22,150,000 1,533,811 21,890,000
Bank Narthwest