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265088 a � iVHITE - CITV CLERK �����('� PINK � FINANCE n B�UERY- MAVORTMENT GITY OF SAINT PAUL COUIICll `J File N 0. � ��A-�-�S�oo o cil Resolution Presented By Referred To Committee: Date Out of Committee By Date , WHEREAS� Cha.pter 475 provides tha.t the governing body of any municipality issuing general obligations shall, prior to the deliv- • ery of the obligations, levy by resolution a direct general ad valorem tax upon all taxa.ble property in the municipa.lity,� to be spread upon the tax rolls� for each year of the term of the obliga- tions, and said law also provides that the tax levies for a11 �rears shall be specified and such tha.t if collected in full they,� tog�ether with estima.ted collections of special assessments and other revenues pledged for the ayment of said obligations, will produce a� least five percent (5%� in excess of the amounts needed to meet, when due�, the principal and interest payments on the obligations,. and sa.id law further provides that said resolution sha.11 create a separate sinking fund for each issue of obligations� and sha.11 irrevocably appropriate the taxes so levied and any special assessments or other revenues so pledged to tha.t fund or account;� now, therefore, be it RESOLVED� Tha.t for the purpose of providing fdr the payment � of the principal and interest upon the $4,000 000.00 General Obli�gation Water Pollution Abatement Bonds, Series 19�/5, issued and sold a�s � authori2ed by Resolution of this Council, _ Council File No. 264960y when and as the same ma.ture, and for an additiona.l direct tax in an amount not less tha.n five percent (5%) in excess of the sum required to pay such principal and interest when the sa.me ma.ture, there is hereby levied on all of the taxa.ble property in the City of Smint Paul, in addition to all other taxes, a tax for the pa.yment of said $4,000,000.00 of bonds, the following direct, annua.l, irrevocable taxes, to-wit: . COUIVCILMEIV Requested by Department of: Yeas Nays Christensen Finance and nagement Services Hozza In Favor Levine Rcedler g Sylvester Against y Director Tedesco President Hunt Adopted by Council: Date Form Approved y City Atto Certified Passed by Council Secretary BY By Approved by Mayor: Date � Approv y Ma �jon t ouncil �v By By , . � � Q r � 2' ����V� � Tax Required by Chapter 475, Minnesota Statutes in excess.of � Budget Tax For Tax For • Principal and Total Year Principal Interest Interest Tax 1975 $ $ 120,487.50 $ 6,024,37- $ 126,S1i.87� 197G -- 240,975.00 12,048.75� 253,023.75 197% -- 240,975.00 12,048,75 253,023.75 1978 140,000.00 236,915.00 18,845,75 395,760.75 1979 1/�0,000.00 228, 795.00 18,439.75 387,234.75 � 1980 14fl,000.00 220,675.00 I8,033.75 378,708.75 ].981 140,000.00 212,555.00 17,627.75 370,182.75 1982 140,000,00 204,435.00 17,221.75 361,656.75 1983 140,000,00 � � 196,315.00 � 16,815.75 � ' 353,130,75 1934 1G0,000.00 �a � 188,195.00 - 16,409,75 � � 344,604.75� 19t35 140,000,00 180,075.00 , 16,003.75 336,078.75 198G 120,000,00 172,535,00 14,626,75 307,161.75 1987 120,000,00 165,575.�00 14,278.75 299,853.75 1988 120,000.00 158,615.00 13,930.75 292,545.75 1989 120,000.00 151,655.00 13,582,75 285,237.75 1990 120,000.00 144,695.00 13,234.75 277,929.75 1991 140,000.00 137,015.00 13,850.75 290,865.75 1992 . 140,0OO,OQ 128,615.00 13,430,75 282,045,75 1993 140,000.00 120,145,40. ].3,OQ7.25 27�,152.25 1994 150,000,00 111,300.00 13,065.00 274,365.00 1995 150,000.00 102,Q75.00 12,603.75 264,678.75 1996 150,000.00 92,775.00 12,138,75 254,913,75 1997 150,000.00 83,437,50 11,671,88 245,109.38 1998 150,000.00 74,062.50 11,203.12 � 235,265.62 ^ 1999 ZS0,000.00 64,687,50 � 10,734,38" 225,421.88 2000 160,000,00 55,000.00 10,750,00 225,750.00 2001 160,000.00 45,000,00 10,250.00 � 215,250.00 2002 160,000.00 35,000.00 9,750,00 - 204,750,00 2003 160,000.00 25,000.00 9,250,00 '" 194,250.00 2004 160,000.00 15,000.00 8,750,00 � 183,750.00 ' 2���- 160,000.00 5,000,00 8,250.00 . 173,25U,00 $4,000,000.00 $4,157,585.00 $407,879.25 $8,565,464.25 WHI7E � CaYfY CLERK PINC..� - FINANCE - GITY OF SAINT PAIIL �[j���3� CAMARV — DEPARTMENT COUI1C11 BLUE —MAYOR File NO. � Council Resolution . Presented By Referred To Committee: Date Out of Committee By Date 4. FINALLY RESOLVED� Tha.t in compliance with and for the purpose specified by the pertinent provisions of said Cha.pter 475, said special sinking fund in the na.ture of a special account in th:e regular Sinking Fund of the City of Saint Paul hereby is created. . ; COUNCILMEIV Requested by Department of: Yeas Nays Christensen Finance and Management Services Hozza In Favor Levine S lvester � Against BY Y D rector �� Adop����0 � 2 T � Form Approved by it At rney Certifie e Council Secretar� BY BY Approve Mayor: ate 8 Approved b yor for Su ission to Co By By PUB��s�ED MAR g i975 .-a - � y . r 3-;� f i - e:.�. y a j � Y' •{ ":;r t - 1 4 �G, `c� G�,.� {� ,.!,, . 3 � ,�7 �+s � �i{� .. � � �+,� ( j��' � 4�i���A� �, +�h1 V; � . ► ..'� .{ t j z.� 't �� �T " a P b �� � �4 � � �; ,:" . . .� :..., . ..� . _. I ..�, . . ., � _ � A . .:- ; . � - . ,_ , . , .� .� .-� . �. 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WITNESS, my hand and official seal this 7r�, day of Mar�h , 19_`� LOU MC kS:RvA � COUNTY AUDITOR, COUNTY OF RAMSEY � Enter d in Bond Re 'ster Deputy . . � / � • ' • CITY OF SAINT PAUL ' DEPARTMENT OF FINANCE AND MANAGEMENT SERVICES DIVISION OF ACCOUNTING + Mr. A1 Olson March 11, 1975 City Clerk's Office Dear A1, Address of each purchaser of the $12,000,000 G. 0. bonds sold by the City on February 20th is as follows: $6,500,000 G. 0. Capital Improvement Bonds, Series 1975: $1,500,000 G. 0. Rehabilitation Loan Program Bonds, Series 1975: Mr. George D. Smith II Harris Trust and Savings Bank 111 West Monroe Street Chicago, Illinois 60690 ��� $4,000,000 G. 0. Water Pollution Abatement Bonds, Series 1975: Miss Margaret McAuliffe First National City Bank 95 Wall Street New York, New York 10015 ��� Sincerely, Roger A. Mattson, Director � Barbara Asbur �G�� y F 109 City Hal I, Saint Pau I, Minnesota 55102 � .. ��• `��J�1�� 3 . and be it FURTHER RESOLVED, Tha.t in the event any principal and inter- est come due prior to the receipt of the proceeds of said taxes, it sha.11 be paid promptly, when due, out of the general fund of the said City of Saint Paul, and reimbursement therefor sha.11 be ma.de when said taxes sha.11 ha.ve been received; and be it FURTHER RESOLVED, Tha.t there shall be created a separate sinking fund, or a special account in the sinking fund, f�r said obligations, and that the taxes received for�he payment t�hereof are hereby irrevocably appropriated to said account, and that the City Clerk be and is hereby instructed to file in the office of the County Auditor of Ramsey County a certified copy of this Resolution,� together with full informa.tion regarding the bonds for which this tax is levied, and the City Clerk is hereby ordered and directed to secure from the County Auditor a certificate tha.t he has entered the obligations in the tax register as required under the provisions of Chapter 475, Minnesota Statutes, and that the tax levy required for the purpose ha.s been made; and be it FURTHER RESOLVED, That before the said bonds sha.11 be delivered to the purcha.ser, the -Council of the City of Saint Paul sha.11 obtain from the County Auditor and deliver to the purcha.ser a certificate of the County Auditor tha.t the issue ha.s been entered on his register and tha.t a tax has been levied as required by law, in accordance with the provisions of Cha.pter 475; and be it FURTHER RESOLVED, That such taxes sha.11 be collected, and the pa.yment thereof enforced at the same time and with and in like manner as other taxes of the City of Saint Paul, and when collected sha.11 be used solely for paying the interest and principa.l of said bonds when and as the same mature; and be it STATE OF MINNESOTA ) � ) COUNTY OF RAM�`'EY ) SS. � CITY OF SAINT PAUL ) I, Rose Mix, City Clerk of the City of Saint Paul, Minnesota, do hereby certify that I filed a certified capy of resolution, Council FiTe No. 265088, adopted by the City Council of the City of Saint Paul on February 27, 1975, in the office of the County Auditor oP Ramsey County, Minnesota, together with full information regaxding tYie bonds for which the tax specified in said resolution is levied. I further certif�r that Lou McKenna, County Auditor of Ramsey County, Minnesota, has fiied a certificate in v�y office that he has been f�irnished with a certified copy of the aforementioned resolution; that said resolution specifies the tax levies for all y�ears; that he has entered the obligations in the bond register required by Chapter �75 of the Minnesota Statutes Annotated; and that the tax levy required by sa3d chapter h�s been ma�.e. I fla�ther certify that the aforesaia. certificate of the County Auditor oP Ramsey County was presented to the City Council of the City o� Saint Paul, Minnesota, on March 13, 1975, and was by them ordered filed in m,y o�fice. WITNESS NiY HAND AND THE SEAL OF TI� CITY OF SAINT PAUL, MIl�TNESOTA, THIS 13th DAY OF MARCH, 1975. d �� � City C rk ( i I � . � STATE OF MINNESOTA ) ) COUNTY OF RAMSEY ) SS. CITY OF SAINT PAUL � I, Rose Mix, City Clerk of the City of Saint Paul, Minnesota, do hereby certify that pursuant to Chapter �+75.63 Minnesota Statutes 1953, as amended, and in connection with the sale of �4,000,000 General Obligation Water Pollution Abatement Bonds, Series 1975, I have sent to the purchaser of said bonds, by registered mail March 13, 1975, the certificate of the County Auditor as to tax levy and registry of bonds upon County Auditor's Bond Register File No. 8�+0. WITNESS MY HAND AND THE SEAL OF THE CITY OF SAINT PAUL, MINNESOTA, THIS 13th DAY OF MARCH, 1975. � City Clerk ! ; ; . j