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265214 WHI7E - CITY CLERK t ^��,p�� PINK - FINANCE COUIICll � �St{ CANARY - DEPARTMENT GITY OF SAINT PALTL �r� r�y � BLUE - MAYOR File NO. o ncil Resolution Presented By R err To Committee: Date Out of Committee By Date RESOLVED� that the Council of the City of Saint Paul hereby approves : "A bill for an act relating to the city of Saint Paul; providing for and authorizing issuance of general obligations and levying of special taxes for capital improv�ment budget purposes. " and reeommends the aame to the Ramsey County Senate and House delegations. COUIVCILMEN Requested by Department of: Yeas Nays Christensen Hozza T In Favor Levine Rcedler L� Against By Sylvester '�4•�w�., President Hunt � 2 � 19� Form Ap d by City Attorney : Adopted by Council: Date Certified P s by Coun il cq�'�,a BY By vf Approve Mayor: ate Approved by Mayor for Submission to Council By By l�l9BUSHED � � 9 l�i'.i ' . *.. ' �. �, I . � • 2�7�75 City of St. Paul Bill No. ��5�14 A bill for an act relating to the city of Saint Paul; providing for and authorizing issua.nce of general obligations and levying of special taxes for capital improvement budget purposes . BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. /'1'SSUANCE OF OBLIGATIONS; SPECIAL TAX LEVY; CAPITAL IMPROVEMENTS_�j Notwithstanding any provision of law or city charter to the cantrary, for the purpose of providing funds for the city' s annua.l capital improvement budget the council of the city of Saint Paul shall ha.ve power and authority, by resolution adopted by five affirmative votes of all of its members, to annua.11y levy taxes against all taxable property within the , corporate limits of the city, arid in addition thereto or in the , alterna.tive, annu.ally authorize the issuance and sale of the city's general obligations, the payment of which obligations shall be secured by the irrevocable pledge of the city's full faith and credit. The total annua.l aggregate amount of such tax levy and general obligations sha.11 not exceed the sum equal to 18 mi11s , applied to either the current assessed valua.tion of all taxable ' property located within the corporate limits of said city or the current "taxable value" of said city as calculated pursua.nt to Minnesota Statutes, Section 473F.08, whichever calculation is the greater. Obligations provided for by this act sha.Il be issued and sold pursua.nt to the applicable provisions of Minnesota jStatutes, Chapter 475; provided, however, tha.t no issue or sale ! j 1. � � �- ( � � C � � i ��, I 2/7/75 Bi11 No. � �: �14 of obligations hereby authorized sha.11 be required to be submitted to or approved by the electors of the city of Saint Paul. The council is further authorized to levy and collect a tax to repay su�h obligations issued pursua.nt to the authority contained herein and such obligations shall not be included in computing the net indebtedness of the city under any applicable law or cha.rter provision. The receipt and expenditure of any moneys received hereunder shall not be included within the definition of any limitation imposed by law or charter, and the taxing powers granted to the city in connection with this act sha.11 be in addition to all taxing powers now possessed by said city, and shall be deemed a "special levy" and shall be outside all existing tax levy limitations imposed by law or cha.rter including those contained in Minnesota Statutes, Sections 275.50 through 275.59, inclusive. The amount of taxes levied as a "special levy" pursua.nt to the � authority herein granted sha.11 not be used to reduce the city' s annual levy limit base nor used to reduce the amount of property taxes tha.t the city would otherwise be permitted to levy under the provisions of Minnesota Statutes, Sections 275.50 through 275 .59, inclusive. Sec. 2 . /`1�HESE POWERS ADDITIONAL_7 The authority and power granted to the city of Saint Paul to issue bonds and levy taxes under and pursuant to the provisions of this act shall be in addition to the power or authority contained in any other Iaw or statute. 2. .. . _ . �.. � ; 2�7�'75 Bill No. Sec. 3. /fTSE OF PROCEEDS; ADVISORY COMMITTEE_7 The proceeds of all monies authorized pursuant to Section 1 hereof shall be used exclusively for the acquisition and betterment of capital improvements set forth in the annual capital improvement budget, and all projects contained in said budget shall be reviewed and receive a priority rating from the advisory committee provided by administrative ordina.nce adopted by the city council in accordance with the city cha.rter. The priorities and recommendations of such committee sha.11 be purely advisory, and no buyer of any authorized opligations sha.11 be required to see the application of the proceeds. Sec. 4. �ANNUAL CAPITAL IMPROVEMENT BUDGET; ADOPTION; AMENDMENT_7 Annua.l capital improvement budgets shall be adopted and amended by resolution in the ma.nner provided in the Saint Paul city charter and administrative ordinance adopted by the city c4uncil. Proceeds for any obligations and/or special tax levies issued pursua.nt to Section 1 hereof shall be used only for capital . improvements contained in the capital improvement budgets as adopted or as amended from time to time by the czty council. Sec. 5. �FFECTIVE DATE_7 This act sha.Il become effective only after its approval by a ma.jority of the governing body of the city of Saint Pau1 and upon compliance with the provisions of Minnesota Statutes, Section 645.021. 3. la CITY OF SAINT PAUL OFFICE OF THE CITY COIINCIL �wn �' ... �.��x��'� JOHN E. CHRISTENSEN CARL E. NORBERG Councilman Legislative Aide February 20, 1975 Mrs. Rose Mix City Clerk 38b City Hall Dear Mrs. Mix: The enclosed resolution in support of a bill for an act authorizing issuance of general obligations and levying special taxes for capital improvement budget purposes has been considered by the Legislation Committee and is referred to the Council . Very truly yours, � 1r�a,� JOHN E. CHRISTENSEN, Chairman Legislation Committee JEC:mI Enclosure CI'TY HALL SBVENTH FLOOR SAINT PAUL, MINNESOTA 55102 612/298-5679 O Rev'. 2-27-75 City of St. Paul Bill No. � ��5.��.4 A bill for an act relating to the city of Saint Paul; providing for and authorizing issuance of general obli- gation bonds and l.evyin.g of special taxes for capital improvement budget purposes . BE ST ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section l. [TSSUA?10E OF OBLIGATIONS; SPECIAL TAX LEVY; CAPITAL I��IPROVEMENTS . ] Notwithstanding any provision oP law or city charter to the contrary, for the purpose of providing fu.nds for the city 's annual capital improvement budget the council of t�e city of Saint Paul shall have power and authority, by � resolution adopted by five affirmative votes of al1 of its members, to annually levy taxes against all taxable property �vithin the corporate limits of the city, and in addition. thereto or in the alternative, to annually authorize the issuance and sale of the city's general obligation bonds, the payment of which bonds shall be secured by the irrevocable pledge of the city 's full faith and credit. The total annual aggregate principal amount of such tax � levy and bonds shall not exceed in any year in vrhich the �levy is made or the bonds are issued a sum equal to 18 mills applied to either the assessed valuation of all taxable property located � � within the corporate Timits of said city or the "taxable value" of said city as calculated pursuant to Minnesota SLatutes, Section 473F.08, whichever calculation is the greater, as last certified by the County Auditor prior to the date of issuance of such bonds or the levy of such taxes, as the case may be. Bonds provided for by this act shall be issued, secured and sold pursuant to the ;�65214 . applicable provisions �of 1�linnesota Statutes, Chapter �475; provided, however, that the issuance and sale of obligations fiereby authorized shall not be required to be submitted to or approved by the electors of the city of Saint Paul ar.d such bonds shall not be included in computing the net indebtedness of the city ur�der any applicable � �.aw or charter provision. The council is further authorized to levy and collect taxes without limitations as to rate or amount on all taxable property within the city to repay such bonds and the interest and any premium thereon . � The receipt and expenditure of any moneys received hereunder shall not be included within the definition of any limitation imposed by law or charter, and the taxing powers granted to the city in connection with this act shall be in addition to all taxing po�•vers now possessed by said city, and shall be deemed a "special levy" within the meaning of Minnesota Statutes, Section 275 .50 and shall be outside all existing tax levy limitations imposed by law or charter. The amount of taxes levied as a "special levy" pursuant to the authority. .herein granted shall not cause the amount of other taxes, levied or to be levied by the city, which are subject to any limitation as to rate or amaunt, to be reduced by ;any amount whatsoever. Sec .. 2. [USE Or PROCEEDS; ADVISORY COMMITTEE. ] - The proceeds of all monies authorized pursuant to Section 1 hereof sY�all be used exclusively for the acquisition and betterment� of capital improvements as se� forth in the annual capitaZ improvement budget and any amendments to such budget . No purchaser of any bonds authorized hereunder shall be required to see to the application of the proceeds. ,�-__ .. _ _ r�:� ' �� Sec . 3. [Ai1NUAL CAPITAL Ir�PROVEMENT BUDGET; ADOPTION; Al�7E;dDP��ENT. ] Annual capital improvement budgets shall be adopted . and amended by resolution in the manner provided in the Saint Paul city charter and administrative ordinance adopted by the city council. The proceeds of any bonds and special tax levies issued �ursuant to Section 1 hereof shall be used only for capital . - irnprovements contained in the capital improvement budgets as adopted or as amended from time to time by the city council. Sec . 4 . [THESE POGJERS ADDITIONAL. ] The authority and power granted to the city of Saint Paul under and pursuant to the provisions of this act shall be in additian to the power ar authority contained in any other law or statute . Sec . 5 . [EFFECTIVE DATE. ] This act shall become effective only af�er its approval by a majority of the governing body of the city of 5aint Paul and upon compliance with the provisions of Minnesota Statutes, Section 645.021 . ��w�� CITY OF SAlNT PAUL OFFICE OF TH .i3.�pGET DIRE.CTO.R .. ;:, --_,-�;,t. �:�JJ G E_R f� M�1-l":T S O('v� March q, ��s RICH:�RU E. ySC�-i�iOE�f�,f� . To: Saint Paul City Council Members From: Lawrence D. Cohen, Mayor Thomas J. Kelley, City Administrator � Richard E. Schroeder, Budget Director Roger A. Mattson, Director, Department of Finance and Management ' Services Re: Requested information relating to the economic condition af Saint Paul and the financial status of the City's budget. Source: Prepared by: Office of the City Budget Director Gregory Blees Ronald Kline Richard Schroeder Department of Finance and Management Services Roger Mattson and staff The followinc; information is provided to assist the Cit.y Council in reaching a decisi,�n rel.ating to the type and amount of funding autr,orization requested of the i:inr.esota State Legislature. This decision wi17_ enabl2 Councilman Christensen to express tize City Council's position to the Ransey County Delegation prior to the N,arr.h ].2, 1975, public hearing. RES:GB:kk Attachmea;t City Hall, Saint P1ul, lvlinnesota 55102 � ��. l� � . TABLF OF CONTENTS Page Saint Paul's Building Permit Information 1 Unemployment Trend 2 Saint Paul's Taxable Assessed Val.uation 9 (A review of proposed 1.975 legislation drafted by theNfinnesota Department of Revenue affecting the operations of local and county government) Bonding Report with Projections 16 Contingent Reserve - General - 1974 Activity 17 Fund Balances � lg Revenue Status Report 21 Estimated Effect of Salary Increases on 1975 26 Budget Appropriations Richard Radman - Secretary of Saint Paul Building and Construction Trades Council SAINT PAUL'S BUILDIPIG PERMITS , � ' Number and Dollar Value . • Source: Building Department � 'Pt:Rr��r !vn�u�'s : �Nc:rr�BrR �F' t(iN e'�tt.Li�N53 : . . . . . . : . . . , . . . � �' �PCfht�11T.5 ....... . . , . , . .,,; � [� 0_ ...�.___.... __�..�. __... �.,__i _.,.--�._�_._�._.__i _�_ --•- -.'._: . _ _..__.._. _ �__ _�__ __.._._— -I 6�AOUI ._' .. -. . � -__ . , . .. NUt�11R[:� �� f�f�fiqlT� , . . , , .� ,.e- - - �� . . . . . � '- � . �:r�p. _ __�_-- _ �' . _._.. ___ l ._�_. `_`_�p __ .____- --- !-- �. -___ __.._._ - --------- — ---- ----___ - r _ - . � `,�� , � ` . _ _.i ,o0o i_ . � � . . . , � i � � ' � � � �� , . . . . �, � `` ` . . . . . . . .� ' . . . . • a� .�,,•'~' I �� .- ---1-.y.O. --- . . �. . -1 ---- ------ ----- - - -- --.�_ �......--_ _ .`�----�---- -----.._- ---- --------- -----..�._. ----------�---�. . . . . . . . . i . ; , y�ot+o, . . : . , , . _ . . p-� _ _ ; : . : : � C . . : : . . . ' a �� : : : � : : ,o . ; .�--� o-- ---- ------- - _---- ______ __-___- ------- --- -- � . ; . : _ . : - ��,Q`� ----- --- __-- --13,000 : _. . . . � 1`_.`'*� � .`� . . . : � t"�� . . . .. . : : : i : . � i�, ��:�,f��II' � . . . . .� A � .. . .._ _ . . . . . . .. . . �_'Zp_ ______ '_ __ _ � � _ _-_ (�� ./ '_" _-_ _'_ _—_ _ __ '___-'_ ""__-_ � , . . _ 1 >>.`� ,1, ��. t 'i , � . , . . \ � �.? `y � � � ; . :. .. . . . ._ . . , : � �, . l.� y \ \� ,� ;� _ : . . . � . : . . ti ` v!� : _: � y 1 � . . _ '.(-O- - � -_ -- - - - ---- ----- ^j��, _ _ ' � _ . _ . ._. : . . . � . , \\\�� . . _ .. . ._ _: . . : , } t'� _. _ . , _. . _ ._ : : . . �+ ' �'� _ � _ _ . � I . . _ .. . . . . . . _ . -1-0 O•-- ------ ----- -------,fr` � `�,' . ____�- -- —� - --:-J-- � �� . . . _. . _ , . _ . _ ._ i � _ . ._ --. . - . . . ._.. . . . �i.� . . . __ . , 1 � : _ _ . _ . . , � : _ . . ._ . .. � I . ,, � . . . .__. , _ -. . . . - . . .. . . , -, .. , I .. _ _ _. . . _. . _ .. . ._._ . � ' J � -g-o- -- -�. _ ;_ _---- - -- -- - — -- - o ' . ; --�--- _ , __ . __ .. i �yu � � � j : . . _ _. _. •- -. _._. . . . .._: . , . .._ ._ ... _. . . _ ._ . - . ; . �a „ ;� .; . � . _._ __. _ . . . . . _ _ . : . .�'► �.� � : . . . _ . . _ . : . - _ : :_ : _._, .. . _ . . , . . . . _ ___�_$� ____ _ `_ __ __�___ � � ' _ . : : ._. . : _� - __: __ -: : _: : ___ . _ �, _ . , _ . ��,�i . l - � : _. . _ . , . _ . ._ . - - . _ . _ _. . __ _ _ . : . , . , . , . . _ _. . _ .. . . . . , . _ . _ . .. . . -��. ; . � � ; . _ 6� 66 . 67 6 . 69 . _7 �i _ _7Z. . . 7� . . 7I'f_ . . .7� . I . .. .� : . Y� .. . . _ : , .. . . �FlR . . , . , . . ; . � . I.. _. _ . !_ . . .._. . .. . I : . ;_. _. - I - . .� ._. . __ _ : � -; � ;. . . ._ , . , .: . ;_. _ _. .. __. � Year No. of Permits Value Average Value 1965 15,258 $ 79,97,654 $ 5,242 1966 14,796 70,898,568 4,792 � • 1967 15,310 82,935,380 5,417 1968 15,258 102,318,OE1. 6,706 1969 15,051 102,973,195 6,842 1970 14,380 128,55f3,252 8,940 1971 15,386 125,508,706 8,157 1972 14, 315 120,916,363 8,447 1973 14,749 88,000,000 5,967 � 1974 13,674 137,790,674 10,076 --------------------------------------------------------------------------------------------- 1974-Jan. & Feb. 1,613 8,940,693 5,542 1975-Jan. & Feb. 2,104 8,793,840 4,179 ----------------------------------------------------------------------------------------------- Prepared by Gregory N. Blees, Office of the Budyet Director March 4, 1975 ' --1- >�,,.�, -Z- a n o c�i ro m . �' a cn ,� .. w m � ¢ W N I--' ' r � v v v , � � � . u c� xnz r�c �y N• N• �• • . � N• rNr � c�o • o � o n n o � �c r c~i• rn � ; t7i rr w cn p !� ;� •� -k � .+n 6' � r o 'i 1� N• N N rt o 4+ �� ir� p � q � �,\ N (D I-+ F'• W _ -°.___- �� _ .r��c.a.v�.o.n�..� ;. cD cn 'C `J �p .. �A L1 i I ( 1 I U1 fh U1 ` I � ' m � ro w G � o � �• � � �'"''' � M --�- . ,n rn o � � --- - -- --- --_ __ _ _--- ' -- N• h3 N x 7►D3. . �__ -- . ------..__.�_.____ ..-----i-1 ------_. .. p N N O � � � . . . , � � O rrt A� O N 7"�D � I . . ;� � . N I -<n3 � rt' � �' � �O• Z � ----- ——K-- --- ---- ---- —__----—----� .�—�;.�.�—— � � N CF � � `° � w O z� z�N . . . � �' � a � � � -�c r-�i � I . . . �' � �C m � � � �" � - � �' -1---- -- . . . . o —. t�i. D-- -�---- � N � N r0 � � -craln 1 ! . . . � . . � a �°c � o �o . . . . . � 1 � ;� 7J C� —�- --- -- � ' _ .:Z - O [�7 O O c��' A�i w <O Z Z . �+'� rt rn N � .J m b . . a. � O n a a u,p �' rWt' � �, ( ' � � . � � .�-� GfD (p �. —•�Z-D-4i- �----- - - — --. . . � � N Z ri' O rh W N Fi H i-� � �-ot O �°tr,'fT m . . . . . TM . . H H o�A N�, O � �pD3 . ( (7 � —, n b' Q -- - — - —1 �� — � d N c�t f�t' A�i � �'v D � � N � � � N � .cD3 � . . . � . rt m a r+ . I� , � . p S� l�D O ` - -Z F-N-- �— - - -- _ `�C_-- � rt � E � . . � O � o -cr N � . . . �A . � rn ct � . � � rt � :� t^�D � '�s . . � . o .. � � m n —----- - o--- __�._� - � m�_—— � � a -vn N .c `� i ,n m� � ct r�t C ..�n O cn . _ (� _ h m � � � � _ � ' r• ——40'� -- -�-- ---- i-- — — � o � � . ft, w n�o p � . a � „`�� '� ZD�-1 . . . `'�—��_ � a � - — ---- ---- - i ' o `-°• a ` , . I � � I a � � ¢, K W . rt �A � � (D rt � . 1'repared by - St, Paul Ufiice of Manpower Programs an�i Pl.anning _ . • Richard J. Tt�orpe, llirector- Economic C�ndit�ons �nd Trcnds The econcmic receesion w'nfch is� cAUSfn� hi�h unemployment n��tionally is havin� considerable impact upon S�int Paul. Thi� i� eviderzced by hiring , freezes at the lar�er, moxe stt�ble comp.r�nica, by layo£fs at cor.i��$nice wh�cl� �a�e more suree�sti.bl,e to c�C1.ic�1 events, and indeect, the iece��t layoff of 1000 Vrorke�a frc,m such r st�ble eom�&ny as Gor.t�ol D��a doec not it�eapire contfdence ti�a� �t�is citut�tion w�iL� svon r�v�..rse i.�velf. Granted, r_hat due �o� its dive�si£'i�d eca�omy, Safnf-. Pr�,ul ic� not ns vulnerat�Ze to rece�aion��y forcce �e same citieo tahich dep�r�d upon eir��le 18rge i�tdc��Lrfes such �s ctieal or automobi.lea� Btill the locel Un�m- ploy:nent Tnsur.�nee a£f�.ce l��a a�r�r 10,000 �c�ive ci�ims.r��s iegigter�d. Tf�is does na� i.rcclude those who hs�ve exhr�ueCed their benefits nor those Eaho �•rexe no� fn ; � covered occc�gc:�ion�. ' i Di.vex�ificaCion, while rerul�iag in a sloaer r�te af decline ciuring a periad � oL ecancr.�ie recession is also rccpcnsible for a slot,,rer ruCe of �erover.y; dur�ing a periad cf econom�.c grc��h. Ther�£ore, while unemgloymenti ia exp?cted to be lot•?er here th�n the nr�tion�l mverage, it can be expECted ehat a Ionger period v€ relatively high unemploynient cnay result becauce of this dfversifice.�ion f�sctar. CertAin ener�y rela�ed factors are pr�sen� in the Saint Paul aret� which c»y furthex fmp�ct th� he3lth and well-being o£ the economy. The citv is at the end c�f the n�tic�n<sl enEt�r .. ��' _ ��y ��pl�t' �S Etiem. This, eoupl.ed with the '70Q4t- degree-dta.y* f� tie�ring set�aon and the increase in cost of he�tii�g fuel, means a corre�ponding �'. d�cxet�ee in dl,scretion�ry i.ncame for muny fumilieo. In addition, the apr�caling nsture of the Twin Cities Metropolitun urea of which SainC Paul ir a p�rt, Che lncic of vinble transportatfon Alternutives to the priv�te auto, and the drein�tic ! increaae in nsoline i' � pr.ices, r��y well reduce dis4retionarry incoroe f.urther. Th�se ( E , � -3- factars may have �n ad�•erse etfect upon thin nrea �re��er th�n th�.r. proje�ted for ttie na�ion. The �n�lstion�ry spixctl cccurring n9tfon�lly (at g current �z�ational rate of 11.5%) is occurrin� in thia �re� ae aUour the can�e ra�e. Th� cig�i�i�an� . increases in the coat o£ faod and f�el have an impr�c� on the poor which is out of proportion �o the impr�ct an mare sfflu�ilt m�mt�exo of �ocic�ty. Thus� it ,c�n b� s�ated with some degre� of acc�rr��y thet a�gxegt��e disere- t�o�x��y Gl��aing caill probably de�rc�aceo tha� �rEal ha�d�hip �ail.l be im�oacd on s�ny of Che poor and near poor, and �h€�t empl��ment o�spartunitiec i�n �hoae occcap�;tiona dependent uprsn ep:penditure �f di�c�etioru�ry inccrm� will be r�duc�d. It r�*ould be a rniatiak� to t�asume bec�use the d.�tx�ar of Eevere df3lac�tfon in the econc�my due to the fuel supply d�:�icgt h�s not yet come, th�t it ic p�.a�. Tt msy w�ll b� Lh�t thi� sprawling Metrapoli��n area Frith its se�exe e�inter clf�te is in th� r�ost unenvi�Ule goslti.an of en� m�jar gopulation center in �he United �Lute�, �nsof�r as ene�� s«�Spl�.es �.nd casts are concCrn�d. , � -4- � ..r.�.�-�;�ru,., SAINT PAUL'S TAXABLE ASSESSED VALUATION y�� FOR BUDfET YEAR PRE-REVALUATION CURRENT VALUATION NET CHANGF PERCENT CHANGE - 1967 240,656,000 (670,589,000) 1968 218,834,000 (617,714,000) - 52,875,000 - 7.88 1969 222,553,000 (628,020,000) + 10,306,000 + 1.67 1970 227,580,000 (642,116,000) + 14,096,000 + '2.24 197J_ 260,973,000 (737,004,000) + 94,888,000 +14.78 1972 267,414,000 (755,035,000) + 18,031,000 + 2.45 1973 752,167,000 - 2,868,000 - 0.38 1974 752,471,000 + 304,000 + 0.04 1975 760,626,000 + 8,155,000 + 1.07 NINE-YEAR TOTAL + 90,037,000 +13.43 AVERAGE ANNUAL INCREASE + 10,004,111 + 1.49 i� C)?��;�]vl. �I.l�7`� 10 J � � � . i I . j C �;..< <-�i�l.�t c.F.�S ��..�) . . _ . _ . _ � ___ � __ . � . ._ _ _ _ _ . . . i _ i . _ _ __ _ . _ . . ... _. . .. . � 7 � 0 - � . ; . , . . � � . . .. . �. . .. i . . . . ItOet� .. . . . # . � _ --_I ! , � � , . ; _ 7_5� _ _�; -- --rI -- ---- =------.- - � � V�_ 1 . . . . . : . . . . 1 . . . . . . . . . . . . .. _ . . . . .. � . . . .� �O. . . . .. . . .. . . . .. . .. . i _ . .. . . . . .. . . . .I _ _ ' ` �! �O". .��__'. . . . . . .� . . . . . .. . . . . . I .. . . . .. . . . . i . 7Z.0 : : - -- . . . ._ . I � ; - , . ( . __ � . ; � � io i . . . �- - ; : � : . I !I_ : _ : : : � : . : � _ �a o _ , — --- � � � , ._ . ._ . . _ . . _ .. . _ _ .. f . ..._ t _ 6� 0 . _: . . : . � ._ . . � ` _ . _. . . : . _ _ . . _ __ . _ _ . . 680 : . . � � � : � . . _ ,__. ._ -- __ __ _—----- — i _(,�� l � � o ' :-+__ i--- ---r . . ! � ' 660 . - ! � . . . : :_ : . . : _ ; . , t r ---b S 0- ---- - � = -�----- � __--- - - � -- ( - !- . f 640 � � � . ; I :_ � . i ; 630 � + _� � � . � _ _.._._---___._ _...---�•---T--- —��-- .__.__. .. �_ i 6ZO . � � . . . I . � . . ; , . � � , . � . . . � . � I 6l0 � . I I . i . . � � _ , � _ ------ - -_^_.._ ----- ' � - }�- ------- ------.- �_ p. ,--------- . � -t------;-------, I ! �� i b7 . 6$ . 69 7I0 71 72 I �3 17y 7{5 � � . U� IYE A F'__ �{ I � � . _��z C T_I _. � ._(---aw�a�^i..a.tQ.t�__ i � r��_�;;k,wZn,,,��c C::h'.s,»�O-- ' I � i I d ��ti�.c��_�_ Pr.epared by Gregor.y Blees, Office of the t3udqet Director March 3, 1975 -5- • , �,y_�+'�l',�•�--��•=;��:�'�1 C�'� � y , -i��;i'�1 _y,� , . � • ' ., . . . . ...�5:�:.:�s�:�.`,io-`"�-��.1��:r�_. � � . S7ATF OF MIi�NESOTA ' ' • �EPARTMENT UF REVENUE '�� .K��it+v��. �.:•. ..� CEN7F.NNIAL OFFICE E3UILDING " � ��r� � SAI.NT P/1UL, h11NNESO7A 551A5 �� i, `� �� '� f7(� y 1 • � . . December 30, 1974 : � � , . . . , . • • . 6entlemen: . � � � � � � • � . . . . � �� , . " .Re�resenfia�ives fro�n the Departm�nt of Revenue rc��ent?y ccm�leted meei�ncs � +tith ccun�y assessors througf;�ut the state. One of tlie pur�oses of t�ese k- � mee�ing, arzs �o discuss thQ ?evels of ass2ssment of r�al Qropert� �s r�- flectcd in the mosfi recent sa)es ratio s�ud�es and to �xplorz poss�ibl2 � . ccur•ses of actiQn ta bring tlle 1975 assessTents up to current r+i�r•keL vai��Qs . . . �. Traditio:i�.11y, the �epartr�?nt of Revenue has� �as�d its r�-canrcendatirns fcr � •. ci�ia�ges sa�N te bring th� ievel af ussessr-,�nt in�o line w•ith the Zc:rr�-�t �� market ralues on the statQ's sa]es ratio studz�s. ho�rrever, Decause tre � - sales ratie study is based upon sales ,�iating back over a thr�ee-year r��riad, � it rras the opinian or most assessors tnat the state 's saies rat�o sr��d�� ` . presented n higher 3evel of assessment than �ctually exists. Thi; , of cc��rse, is due to the dramatically risinc prices being paid for almost a?1 ty��s of �t'e�l estate, 7herefore, �he. suyges�ior,s ��re are. recor�endir�q to bp ma�a rcr �, the 1o75 assess�nent are b�sed ur�on curr�r,t av�ilable d3ta. This den�r�.Te,�t � dnd �ssessars ger,erally thrcughcut tt�e state agree that the rarket va�u� `- � must be estabiished on the basis of th� best current info ,� atiun. • • • ` ; Regardless of the fact that there is cur��r:tl_y a five percent lim-itati�n on � Yaluation increases on certain tvpes of cro�Er�y, tt;� assess�r.s znd �n� • boar.ds of review and eQUalizati�n are still r�quired hy 13w to v�l�� `11 � . property at one h��ndre� p�rrent of market vaiue. ruz�.:re legislltiv� cnz�oes �n aur property tax svstrm c;,L�id �e�aiiie a taxing �;st�ic� r,�t assesse� at - � � its current market value. . � � . . . � , � .. �After having discuss?d th� level of �s�essrnent ir� yo�r distri�t ti�eith vo��r • • cou�ty assessor and aft�r havin� carzr'ully cx�r�iin?d �C�� )a�est sa�?es 1•nt�� S:udies , it. iS our �elief thst' :.he fello��r,q ir,c�•e�s^s a;e the mi�;r^um ' : necessary in the gerer3l valuation level of ar�nerty tc e�ual�ze' ��itf>jr, y�ur ` d�istrict, ccurty, horrier;r�a ceu��ies an� r�;th ;,}lr � �+ �„ •�, � ' �tandar�s tt�rcuq�,,,.t ., 2 ; : ''state. 'Thes�� ;uqgestions a►�e mitiima i a,gr�a3te ir�creases ar,c: �re 'r,ct �� be ' ' �tons��ered �s nece:sar; iy �c�Flica�,e to �a�h aa�-cel �r +:pe e� �r;,��rtv ,�r � ; i • • t�iC �l;nit �of cnan;e, t0 ;;1(flYl',�Ur:� Lc�XDi.yers 3!: °q�.ld� l:1l1Q dt Iil]i�cC �'�? 1;lt'. . ► . , , , � . . ' • . � � • • ' �� EQUAL OF'POF27UNIT`f Ep,�PL.pyER • - � • • ' . . ati:'�`�o..) —�—� . . .... . ' • , : � Thi� assessor should analyze his valuat.ion to determine the increases to be � ' applied to the various typ�s of property to effect equalization rrithin his �urisdiction. . • . . , . . " ' . ' • . ' " ; _ . f' 1f you f�ave questions concerning these reco�nmendafiions or disagree ti�rith these ' recom:nendations , a;e ti•�ill �e happy to discuss the levels of assessment t�rith � you. The w,ork of the <<ssessor in tfye 1975 assess,��nt should be given careful a�tention by the boards or" revie�•� and equalization. �lh�n sugc�ested i�orove- � . ments are nade at the local level , na changes �rill be necessary at sta�e � � equalizati�n. These results are much more satisfactory than percentage in- creases made by the state board of ec;ualization. � ! ` � . t .Yery truly yours , . .. . - � . ' . � ' . � - � . �. � �•.� � . � , , . i� .�l{;�V ti� . ;�� . ' ' . , � i J . . ; � ARTNtiP, �C. ROEf�tER ` '' � Con�nissioner of Revenue � . . � - . . . � ; . . . � - t ' � � � • - - �- � - . �. i � � � � � � . � • ACR/LHA/lmk . . „ .. . . � . . � .. . � . � � � � _ � � , , : . � . . � - : . � , . . _ . , : : . . - ' .' . . . - .• . : , � � . . � . . . ,. � . . � � . . . . • . '. . ' � �. , . ' , : . . . . • . . � i . . . . . ;�, . . � ;. - . � � . . . . . . , �,.. • �x . , . • • _ • • . '.. . ' �m . �.. . . • �c-, � . . ' _ , ' • •� ,Cm � . �� i . ' ' • f�.. .��ry ;: • . , . Q, >� �. ' • . � . , . . � .n� �. Rr � • r (I j • . . ' .. � . . • . . • � � .7 • • . • • • � � , 1 � • � � . - • � . . . . �� • . . . � ' . • , • ` . • '�_ ' � • � • P ' I . . .,�7�!�� ;; ;�- - -- -- -- .__��'=�~^ ...�0 1.1.r L_LJ v ,c JtJ:�WaC7k.NlJ tU:t J.J /5 • r --- - :,} . . � . . ' • ' . • , � .�.QJIIT'� � R�MSEY � - � . `• , �� n t�lI LL.IlV1 E. Cl1RLSON r f►SS�.,aO., • . . F.t3T1�'�::;t�:D �3Y: �11LF'H A. PAVEK • � � ' . � OCTOCER 1 S � . __..._____�, . . : U11TE: � �3' � ' ' • �� da� C V� ,f ��f� � � ��,1f° .� ' • • . ;i�ESS::SS:'.�:.�;•1 Rk:5IU�(VTZAL CC��4�IAL SEA50AtAL � �� Ju�� , 3)x��.'?IC�� RECRE�ITIQ�I,�I, I�17JSTR1Al. . ; ' . , • ..��E�k,�I� ��ED � . ' � � •. . �SPR I�G 1.1�KE � ' � • �: • �Akf: . . +2 5 � . • ' . i . ; , . � ,. ��C. �1Tt-ta'�Y +10. . . , .. � . ' . ' . +2 0 " �� . V�-tJ Z�E �._AR . � . .. . .. _ �- +3 0 +2 0 .. ' . ' . __ . . . __ . ._._._ _ . ._. _ . . _ . . , . �. . . ,..w ,.. � . _ . _ _. .. SC. PAUi. . �2Q : . Itv�X1STRIAL •. . � . -�-15 . ' f . � . . . �- . • . .. . ._. - . _-:. . . . ,.. . , •-, - . . . . • �A.RD 1 � +3 0. . . . 1 �'�'1�2D 2 �-2 5 � .• � ' . • . . �. • . . �vqRp 5 • �25 . ' _ . . . • • : �fARD�6 • +2 5 � � - . . . � . . : . ---------- . �� 7 ¢3 0 . � • . � . . . . � . . ; . �'�+RD 8 +2 S . . . . . � , . ' ' . ��RD g +25 � � � � . a1t=lRD 10 +3 0 • � - �RD 11 � +2� � . , .. , . - . . • '. . • _ � �r"�RD 12 • .�2 S. ' . � •, . � . � • ' -a- . �._ . Y.AV��I��lY�i�+1�J�.fIV� \�J�Ct ll 4.!{�JL}*��J�J�,ll,ll �fJ �IA.J�'��J A1'�j�1LtCJ j, ,�1� ' • . � • tssucd by , ' Minnesota Dc��artment af Revenue � � ' � • Centenniai Gfficc C3ldg.,St. f'aul,t�IiN ;i5145 �� + •• . . FOR L�U017tONl�L WFORMnTION Cl+.L� lG12) 29G•5005 � • � tlumber 1 , � �'ebruary 4 , ].9 7 5 � ' I(� THIS ISSUE � ,. �� A zevieta� of �roposed 1975 1_ea�.s�.at.�,on dr_affecl� the 2�txnnesota �vepar_tment a£ 2ev�nue aSLecting the O�C�r�GI1..�OI�J o� local and courity government, ......�....�.� -------�. � � � r��J-ek'�� r�conunenc�ai:_ions set forth by the Minnesata �'ax Study �Conunission £or the 1975'mLec��s,��-��,v� Session. - — .� �_...�..._...a. . . , , Q Legislafiion proposed by the depal°tr�ei�t o�' Revenue introduced as I?ouse �'a:le 210. x3:3 and ref-er_r.ed to �he �iouse Cor:un�.t��e .on '.Caxes is descrik�ed be].ow: 22EVTSED ASSESSI�T21T I�PY�AL PP,OCEDUIt�,S • • ' Pr��o�ed is a bill ta proi,�ote a r�ore or_clerly assessment revie�v and equal�_za�io:: pzoGesU . T}ie vill r�ill p�o�:ibit- proZ�er_ty o;:ner_s fr.or:� ap�cali.ng an assessme�zL- i.o f:he • cor,uni.ssiot�er ot reve�lue unless ne L-ir_sL- made an a Puy'p�� Uefore the countv board. Z�urf.}zerrn�r_e, a person t1�Gtrfailsf to appeal hetore a local boar_d of reviet•r or cc;uali2atxo;�, or £ails to apPly tor_ a �review o�' the assessment, k�i11 no{: be pezni.ttec� to appeal to L-he counL-y bo�trc�. Yf an assessnent was nade after tlie r,leeL-ing of f,1Ze local board, an appeal �•�i].]. be al.lo;aed to the coun�y board. The county assessor woulc: be requir_ecl to fix a ciay ��nd time c•rhen each local board mec�s . The bill �s to be et�ectzve t?ie day a�ter i.ts final enact-Mei1t. CER'rlrICl�TION OI' ASSISTI'�.�1T ASSESSOR.S . ' � . . � � _ . � � � . • • A bill is proposed to r_equire the ccr�ification of persons regularly ernployed by an assessoa� to assist �_n valuzric� and classi£ying property for assessmer.t �ttr�oses , A pexson ass:istil�g th� assessor_ zlauld be required to be cer4�if�.ed �*ithin three years fro�T�his date of emp�oyr�ent or }��assage of the b�l, ::it�c}ieverri� �af�er. `.,':;e pz'o�osecl legisla;�ion also grants aut�}iozization to the state board of L-ZJJCSSOrs to es�:�lis}i at its discretion c3ifferent levels o£ certiL�cati.on �o'r local �.nd county assessors . The cextific��tion levcl of an as�essor t��ou�d clepend on the classes of property he is au�:lif.ied Lo as�ess . The bi.11. would be effec�ive t}ie day �o�lo�•,ing �,ts fi�zal ei�actment. , • ; � . • , . ' � , . , • ' � -�- . � � . ----- ____._.__.____. __.___y__._____�� • Yo inron�,1('RG('C.RTY 7/1X hOh11WtSTFtl11 OftS pPJ 7HE nCV(+LOf'�v1CN7 11NU PROGRf.,;;5 OP LEGISLl1'TION , _.__._ ._____�------�,_ CLAS.SIFICI�T.ION CIIIINGE5 IN EVEN-NUIiJ3L•'P.ED YE11�2S . L�gislai:ion is pro�osed to• perr;lit the assessor to change the classif-ication of a property i11 even-numt�erecl years . A classi.£ication ctlange would be � � a�lowed for parcels of real esta�e incorrec�ly classified, or whcre tlie usage class chane�ec�, since'�a previous •assessment. The bill is to I�ecome e�fectivc foz a].1 . assessments made in all even-nur,�bered years after December 3J_, 1974 . . ABOLISH DUTI�:S TO COLLECT 1�GRICULTUP.ItL STI�TISTICS `. • Proposed is legislation to eliminate the requirer.ient that Iocal and eounty �-�ssessozs collect and compil.e agricultura]. sta�istics for• the comn�issio;�er of aariculture. At presenL-, assessors are required to supply �he ciata ai: least�once in tcao years on forMS prescribed b�► ttie conunissioner. The bi11 is effective the day following. �its final .enactment. GROSS EnP.I1TI�IGS TI�?t OrJ OliTD00R ADVERTISI2IG CO?•SPI�NIES A propos�l is introduced t� reMOVe outdoor adv�rti.sing signs frorn �}ae properL-y tax_ base. In its place a five percent gross ear.ninc;s t�ax is to be iraposeci on outdoor advertising com��4nies . The commissioner of rev�nue is to collect the ��:: and credit it to the r,eneral funcl. The commissioner will he rc�i�onsihle for_ cor^puL-ing the t�x from each taxing d�_strict and distr�_buting the amount to co�:nties . The co�znty audi�.or is to then upportion �.he proceecl� from the tax arnong �he taxina districts within the couni.y a.n porportior. to distribu;:ion of_ propertyr�a�:es . The bill is to be effective the day after final enactr,ier.t. • APPOII:Tb�I�T OF SF�CIAL. BOIIP.DS OF REVIEW OR EQUAI,I ZATIOid �Proposed �s a bill te perr,�it local and county boards of review or equalization to apPoint a special board of revie�•:. The local or county boaxd �•rill be able to d�leqate all of its po�•�ers and du�ies to t}ie special boarcl of revi�w. �. �.'he . special board is to serve at the dir_ection ancl di�cretion oL- the appoa.ntinq boar.c� anc� is subject to the same restrictions• imnosed on ttie � appointir.g bourd by 1a�r. The local or county boaru is to deterriine the number of inem.i�ers anpointecl to the special board, tne conpensation and _e�penses paici, and tlie tezm of office of each mer�t�er. l�t lcast one mem.ber is rec�uirecl to be an ap7raiser, real�or or other person familiar witti property values in a locality. The county 'auc?i.tor is to serve a� a nonvoting member and recorder of a special board aP�ointed by the county bo�rc�, The legislation is schedulcd to be effective the day after its final enactment. ❑ Proposed legislation by t}ie departrrent of P.evenue introduced as liause File No. ].3G ar.d referred to tlie I�ouse Commit�ee on Taxes is as follows : � . j DATE CII�I�GE IN PI�Y1•1ENT OI' AGRICULTURI�L 11ID ' Proposed is a bill to changc the second half pzyment da+�� o.t the a . 3 mi7.1 . � � • . . ' . -lo= . �,..�,,.�„.�,,�.. �g1-i.r_�,aJ_i�u�al sct�oal �i�.cl f.rom Octok�cr 31 to 2]oven�t�cr 15. The Lir.�t I�aXf �a}�:','�'�1�. i.� macle an July 15t1� La coinciue with L-he f�,r,t install.r�ent of c.1Lt,:�1C�1C!G 1:«<c�iinex}' i11U t0. SC110UL C.�]..ii,Y'1C�S . `I'�1C seconcl }lcZ�.� T)c� � 'of Uctobcr �l�t far. �zc�ziculLural aid, ho;acvcr, c�oca nofi coinciu�� dist��l�ution of �T r , . ° an, other aid. 7�lie .,ha.�L in tt�c c:ate to PlovemJ�cr 15t11 .t�rill aic least nen:�it cor�solic;ation of tlZe ai.c� ��i�r:�ent �,ritli the second h�1f i.nstallr;lent on attached »<-:ctli.nery aid, Tlle l.�ill will be effeci�ivc the day after f-inal e�:actmer.t. . ST�1TF PI�YI•iF,I�T OI' F:O:�;EST�11D CT2I;DxT TO T1�XIrIG DISTRSCTS . . ` A b�ll i� px-oPascd to perr^�t f.l�� c�epar_tr�,eiit of r_�venue to mal:e di.rect �paym,eni. of. tlie hor�ertead. cr.edit aicl �o ta;;ina d�;tricts taith.in. coun�ic�s . e�t ��r�sr.i��. tl�e 17o��e;te�-�d crec�i�. ai_d i� �:aicl to t�t�� co�unty trcasurer ti•�ho z.s xespoa�sible ;Eor distr_a.buting t:�lE� aicl to L•a::ina c�istricts . Proposea .lect�slntion �;*Z11 also 7:ccruire r_eri�i.��ca�ion of the home�tead crcdit be m`�e �arL- of_ �11e I��stract o£ Ta;; L�sL f_i1.ed by t}le county c1UCIl'1:Or Z'F1��7ex t�"lc'�ri ci Se1��'.7'c,tC CCr'�:1�1Cuf:]..pl) OJl 101T,1S prescribed 17y tlie com.mis�ioner ot zeverue , TZie bill also pr.ovic:es tlie cor.Lm�issiot�er of � r�vent�e to na}:e pay�:;er.t of the credit rather � tha�i tlie sLaLe auditor to conforn ��ith cux-r_eni: ad:�ir.ist.rative pracL-ices . The bil�.s are �o be effeci:ive t}ie c3ay a�'i�cr final, enact:lcnt. . FIL�T,G CIItiI:G� r- orz r.ss�:SS?�.�,�;T r,�STF.I�CTS ' " � I�eg�.sla�ion �s �ronosed i�o qran� the cor.�missior,er of revenue aui;lYOrity to eti.minat� t}ic filing rec�uiw-er.-��n� ior a:� uvs�ract of assessment of 1_eal and per_sonal property en I�uc�ust 1 in oc?d nu.r�bered years , Preseiltly � � a.bsi:.rac� af assessr;ent is xeqiiircd to l�e filed on or laet�r_e Auc�ust lstnof eacli ��car, UuL- r'.u� �o t�le c?�.�inisned ��a1.u� of p�rsonal prol�erty , the filinc� • is unnecessary . The biJ.l, t��iJ.l also elzminate tne need for the county auda_�or to st�.:�i;li� a co��}� of the ab�fi.racL- cf ta�: lis� to the st•a�e auditor. �'he provisions oL- the pzoposed bill �r_e part of- cuzrent p�ocedures . The bill is effective the dzy af�er. its. final enactneizt. . . . . . DISTRII3�TTIOII DT�TE FOR FZl'iILfiO�D TACO�IYTE GROSS L•'I�T2IIIAGS TAYES . . • A bi11 is pro�csed �o provicic for ihe dis�ribution of �ailroad taconitc � gross earnii� .r,s ta�;es to local �a:{ir.q c?isL-r�cf�s on or be:Eore ?iarch 15t1i and Sel�ter.�r�cr_ 15t1� each year. ��`he d�stribution oL t_lle taxes is to be r�ade by the com�-�lissio�ler of rc�ve�iue rat}1er tllan �Lhe sta�c treasurer_ , a proc�c?tire `�1c1� 15 �O�ZOi•IC.'C� 1.)� uCttic?1 practicc. D.1Sk)U]:gCI;;C'.Il� C?c�tea O� t�1G' tc?X c1x'G' 210t ctirrcni:ly soccif_ied, }�ut have Ueen radc� as soon a� 2�o�siU].e after the collection c]�ztes o� tR��rch lst ai�d September lst. 'l�'11e pro��osed b�.11 w.i11 perm�;: ttie aic3 to be paic� on thc same clates as tl�e local government aid payment. '1'he ba.l.l is to }�c effective tlzc d�-�y after zts Fina� cn�-�ctment. • , , � D11`i'ES Si:T I'OR TACOi1TTi; P�'.01)UC`i'ION TI�.X Pi�Y;�11=;I�`.P �ll1ll 11ZDS � � ' 11 b�.11 to ��-ovic�e for <1I1 71��r�.Z I;i�}i eollection c7�-�t.e for t�-�eonite �roc]LicL-ion �ta�cs i> j.»�xocluccd . T:elatccl }:�ila.�: nr.�vi.c:c t.h�� ttie ta>; Pzocrccl.� be cia.s�.r.i�,uY.c�? on t•t�y )_al.tl to �a�� tacoiiitc �>xocluctzori taa: a�.ds anc3 .t}ie i_acani. L-c • —11— ' ,,�.�-�.�:.,� `.._.� . `�_ , procluct�.on tar: county road ancl Ur�.cic�c £uncl aid . Payrnent of the taconite procluct�on ta::cs arc rcquircd on or beCor_c 1•:ay ��t , 1711t; 11c1VG cu�tomarz.ly bee�z �aid on ;`arch lst anc� i.tie aic3j C��_Jtri.t�utec3 �oon a£tcz on t•Iare}z 15th . No p�.lyrr�eni: clay for �he aic?s �is s�eci��.c�u in the 1a�•� at �resent . `i'IZe , proposed Uill.a x�rovi.cle £or the coi,:mis�:ioncr Q� reventic to . ma}:e Payr:�cnt �� o� L-he aa.c�s rathcr_ than the 'statc �reasurcr, a prcceciurc now cTone in actual p?-ac�ice. The . series of bil�.s are schedua_ed to be ef�ective the clay aff;er final enactment. • SH?I'7' IN T��COr1TTi, 2•:LJi�ICIPxLL I�ID PAY1•I�P�T � ' � . . . . Legis.lation to sliift the Payme�zt o£ tacen�t.e rnunic�.pa7. aid £rom ��ugust 15 to Sep�em��r_ 15 as a.ntroczuced. A shi�t of �he payrnent date of . � �e�tes,�er �.5 4;i11 p^rmzt the a�.d �.o k�e paic3 t:�ith the .loc�l govezr.r.;�Jlt ai.c� d5.sl.iur�ement. The �roposal proviues the cor��:a�.ssioi�cr of revenue to disfiributc ;:he aid insi�ead of the stu�c ��uditor. T}ie ba.l� i� to Ue etfecti.ve th� day aftcr �inal enactr�ent. � T_I�CO?�IZ'E UCCliP1�TlON T�iX 1�Ill DrT� EST��?3LIS1iED • Proi�os�d is a b�l�. to est.�-ila�.i�li July 15t1i �or tlie paymen� o£ taconite CtiCCUpc'_'L'lOT1 tax Z�.cis . At presen� a p��er�t d��te i� noL- set by 1ut��, but the aa_cis have be�n tradii.�.on�lly paic' in tiie fixs� paz:� of July . Ttic proposec? d�Le o�= nayr.�et�t coii�cic�s ��T�tli tlie .7u)�� 15th c?istrzbution �of lacal govcrnr,:en� aic3.s . Ti�c 1e��_slation as proposc�d 4)_so provic':es i.hai� aid ac?ju,tr;en�s foz pri_ox year_s be i;:ac'e oi1 July 15 instead o� throughout the year_ . `1'lze ��cor�ite Uccu,�ation tax aid is ta Ue paicl by �he com;:�iss�_oncr of z-evenu� ra�her t}ian t:.he si.ute t�:casuxea�, a practice alr_eady bcing follo�aed. The bill is to b� e£�ective the dai:e af�ei- �inal enact�;.ent. � I� Lcgis��-�t�_o:� proposed by the depar�nent: of Reventle and schec?uled f.or possibl.e �ntxoc�UC�lOIl by th� 1975 Lcga.sl��ive Session at a ].ater day is expl�ined belos�;: • . � . . ° . SHIFT IN PAYAiENT OF riUI3ZLE I?02f� TA:�}�S . ' ' A bzll is �o be pr�po�ed to �hi�t the d�e date for t}ie payment of taxes on mob�_Xe }io^;es con�titutir.g class 2a prepc:rty . `rhe assessor is to value mobilc hoi:les constitutii�g class 2a pzc�erty each year with reference to . thei.r v��1.ue on ��anuary 2nd of that year: 1� no�ice is to be mailec? to the gerson assessecl at least ten days prior to the n:eetinq of the local boazci , ancl as L-o contain t�ic mar.}:et value o� the r�obile l�or:�e , the as.sessor' s oL£ice adc�ress � 1J1C1 tlie schedulc oL local anci cour.ty boa�_d meei:irgs . On or bcfor� Ma}� 1., the asse,sor �.s i:o tra�isi;�it t;ie assessmcnL- boo}:s for t}ie r�obile homes to t;�ie auclitor. 1'he count.y audito� is to determine the i:ax duc by a�plyiilc� L-he prececii.ng year mi].� rate, then tra�zsmii: xt to tlie treasurex not la�e7_ ttian I•:ay 1.5 . . • ' • � ' � . , � . �'}ie count:y tre�-��urer i� to m1il. a stater:ent: of the tax clue nbt� later tlian July 1.. 'I'l�c ta:t a.s t:� bc cluc a»c: �ayak�).c or, �lic �.<ist, day zn J�ily . UIZr�aid , • .,..."_. . . • � ' . —12— . � . _5� �:�xes�•ZtI'C to bc con��a.clercc3 c?c].a.izcJucnt: ��ncl a Pc�r�<ilty of. eic1tit. ��c�.ccnL i� to ' ' �� irn��o;c�cl. O11 ' T�L1CftiSt: ],O 1�I1 � the i:r:ea,ui:er is to �n�;};e <1 li.s t of: un��aicl • L•axe� aric; ceri:i£y i t L-o tllc� r.ler_}; of- da_s tzict� couz t �•�l�o sh�-�1..1. i:ssue ��arr�-�nL. to tile sliezi£f f.ox- colleci::ion . Ii� ca�c t�ie loca.L or county }�oarcl c:iai;�Jca � � the a�ses�or 's value on t�ie ;;�ol�il.c llOr�7c�, or. af i� is ent��i�leci to 7 partial llomestezcl, tlle aucii�:or is tr� immec;�at�J.,�� recor:;pute t11e ta:c and aclvi�e tne tre�sur.er a£ �lle c:i�:nc�e. T}ie ei'fect.ive clate of tlze bitl is the c'.<zy �Z.�{:Cz its fina�. enactment. � � • CUTOl'P D11TE FO12 SPP.CIJ:?., C�I7SUST�S IP1 LLVY L7I�;ITI:TIOiIS ` ' ' �1 ba.�.l �:i11 be intr_o::t;ccd to estaUli�h Octo'.�er. 1 as a cuto�f c?aL-e for tlze �.��e of spec�.al fc�c?eral anc: stat�: eenst�sca �ri t}ie dc�ter_r,lin�:�ion of: �.evy +.i.nti.tatioi�s . The present ).ac•� does not rroz�ia� for a . £irlal ciate . The .levic:s fcr taxzr,g di�i�r�.cts �r.e recrui.red i.o ve cer+:.i�ied to the cotu:ty �iuc?itor. by Octo'�ez lOth, �-�nc? 7_evy 1ir.u_tation� set ��rior to t:iat ci�te by �hc �lepar.f:mer.t of- reVC;1l1G . The da�c of Octo��er 1 a� �� cui:oL-f £or sZ�ec�.a1. � censuses is to er.suze the t�_,;:�1�;� ��I2C� fina3. cer_tiiic�tS.an o° lev�l la.mitatioiis to COLL'1i:y �uc�i�oru pr?.or to t}ie ncto?�e�- lOth cieadline. Tlle bill i.s to be e�fectivc ttie u�y folloc•rir.g the £�.rial enactment. - ❑ 'rhe ��iinne�ot�. '��r. :;'cudy Cc;��ission Il1uC:G a nur.�.ber oF recor,;.�r�er.c�<<tions to the ].975 I,egi.slature on i�he pi-��crty ta:; sL-zuci.ure and aclrir.�.�t�-ation , 1� bri_e�f c?esc�ii�tien fol?c;rs oL tiie r_ecor-��nd�ita.oi.s �-�do�te.c; by the Ta�: Stud�� C�r�mzssion for consic'.era�ior. anc� poss�.l�l.c lec,islata�ve intr_oc�uc4ion . szranLZr�c��izo�s or cj��ssxric��2�:co:a s�sTL:t�: • . fihe TGX JL-udy Cor.�r,�i:si�on praposea a revised classification atructure i:o reduce the ntu�,acr cz pr_oper.ty c1C�JJCS . �'t�e pr.o.�o��-�1 provic;es Lor a tt.�ee tyi�� pro�-er.ty classi£ication �ystern. I�r.o�crties on i:he zssessi^cnt rolls t��oulc� be on ��t either 50 percen�, �0 percent� or 100 percent of- t!-ie �s�e�:�oz' s esta.m�ted riarket value . The pr�sent and pro�o�ed pr.o��erLy classification s{:ruct.ure, plus the :iet cllangc: in estir,�ated tar.es paid are as i�ollo�:•s : C1ass�.ficaL-ion . Present Proposed . Net Change ' . � in T�i�:es �Ian-11g. Iiomcs�:�ac'.: � ' . . kIor,�est�ad � $12, 000 . 25� ' � • 50b . ' Iiomest;eac� � $12, 000 A0� � . 90� . t�g. tIor.lc,teac� • • � �5 .5 0 Horneste�zd �$1.2, 000 20b 50ro �Iomeste�d r $12, 000 33� � 90$ t�on-ilor,ze�tead I;e's . . ' ' ., �0� ' . . . . , . 90� . � . 1..1� . i,on-iiornesicacl 1�g .� • 33v � 902 , � 0..0� , T..al;eshore • • � 33� � 90� . 0 ..1� . Commcr.ciz2, �nclu�t;ri�i1 and � �'u�1ic U�i].i�ti.es 4�2 �.00� .0 . �.� � • � -13- • . ��1C �.�i)"c�(�5�: .L)1C1"Cc1:'�C'.i J.I1 CZ�I�`:;l. f 1C�1�:1.C>Il 1"ilt:].OS OC;Cl72' j.I� f.�i1'Itl pl"dj�C`.It).E;S � b;lf: t'.�IC:�C.' 1l'C' �:.n �JC .`;UL)_:�i1T`��l�l�.l.�/ Gff':�('t: '1)�l 1T1ClC'.�l;C`C� S�c1'�.0 �1C�1'1.Cll�.tUl`cll • aicl p,_��,�rnc»t.s . `I'he C�r�un� �_��ic�:� ��roL�o�r_d ;;k�eci��l pr_ovi:.�iona l�e r:lac�e for. . CC�;t:-<t1_]1 �7I'n��(?3'�Y ClcZ.`�:��. ��C�t:1011 :�\1C�7 c"I i ��1�I.0 7X ��OLI.��.11(7� i3T1C3 \.��JJ 3CC (bl�.i�d and ��al�aplc�gic vcL-erans) t.tlI:Oilc��1 :peci.��l �ax credits or ci�.�_ect gr�nts : • XNCPJ�,11SI1ll C]�ILIPIG OIJ IIUI•S:ST1�1�T7 CLI�SSII':tC71'I'ION Cl�e �'<�x Stucl}� Ca:��i.s�ion z�econ�r.;er7cled a proposa�. to a.ncrcas�c� i�he $�?. , 000. �ezli.ng on the llem,est�cacl cla��ifie��ion to l�:ec�p ��ace taitll thc inLl.�ati�n in � iamc values . Trlcr.e is to k�e a peraoc3ic z.ncre�sc in tlZe ho:�le��c�zc3 • '.�.assiiication ceili��1 c,enenclinc,T on the inflation rate in the housinc� mar}:et .f �2ie .pr.oi�asal �� ado��i-ecl. • . � ' • �zr�.c�z�� Lr:r�l:��r. rr,or�rr:��x �r.��. �.rLx�r rr�r�t� � . � p�-opo��il set fortl� Uy thc Ta;c Stuc?y Cera;;t�_ss�_o:� is to �i-ov'ic?e pr_opext� ��; e�.ief t11raL.��li a cir_c�ii�� brea?:er pr_ograr:l. 7�'he circuit breal:cr is a si:a�te �.na��cec< }�ro��c:-i.y ta;; rclic� procJl-�.;n i�i �:Tl�licti �t1.e sf�ate g�ant.s an �_ncor^^ tar. r.ec��.�L �r 7_ci�ufi.c for tlz��t: por',:ion or L-rie t�x cars�.c,'.crecl e}:ressi�re iiz :el�:t��_oiz � ho�Crliold inco;;e , �'}�e p�:�»osa� gct�. its nar.�� -om an electr�.ca1 cle:>>_ce �a'c c�:ts ofi e)_c�c��-ica.�y �•.l:cn the circ�i� �s ove�-?e�cled. Circuit brr��;er. ro�7c�z:ty ta;c xe�.�_e� cut�� a_n ��hei: the pzoi�c�rty tay: burc?�n, or rent ec;tu_val.el:t, °d:GI1G� c�. ��eJCCC)Zi�uC�e Of tc"�Till.�.�' �.11CC�I:?C t:�"1«t the St:a.�C'. COJIS1G�x'S c'1I1 ��OVCZ:Z.OuC�'� . i 2Ii'nnesc>t�:, �ac h��vc a forr:� c�L- t'ze ca_rcu�_i. brc�al:er collce�� for the �c�ziar ;ti�en or tllc c�i.s��>>1cc� }�erson c�;itl� an ineor�e less than $6000 . If elicik�le, por�ion of th�� pro,��rLy t�a:; p��id , or reni� ecrui.va�_un�: (20 percer:� of rent 11.Ci� t 1.5 1C'Ll;rned LO ��C C1.'..52.}J.)..CC� T7`J'SOi'_ UL :iCll).0I' C].tl7.G'I7 c..�'i c�IZ 1T'iCO:�,°_ tG1 •ecTit or_ re�ate. Tlie umounL- o� the ctec��t: or xel�ate c�eelixies as h�u�eliold �coi��e increG�es , and �zot i�ore �han $Q00 ot the pr_operty t�x is consiclered fo: e. ca�cait. . � ' d�r t11e pro�osed ciz�cui� brea};er of the Commission, pro�erty tax relief �-ril� pro�,*ic�ecl uZ)_ �O��I c."3I1C� r11CC��..0 ].71CO3^.;C �'107:1^O'.�rnerS � fc�ZltlCx'S c'il�C� �-enters � . garcllcss of �qe . Thc amounL- o�' �ro_�cri:y i:ax reliGt �•�ill depenc� on the - l�ti.or.�hil� k�et�,'een pr.o�erty i:axes paid and family incore . The circui� �a):ez plan i� to l�e in adda.t5.on to e�:i.sting tax relieL- prograns . Th� Zct ciLCUit br_eal:c�r ��lan to Ue aciopted depends on� ho�•r much revenue a.s ailable to t}ie Legisl.ai:ure . • � - - . . , kEP1:��L 0.•i 1?I�� PERCENT Lz2•II'�'�D .V1�LUT . . • • '�"'��. '1'ax 5i:udy Co:,r.�isaiotz r.ecor-�mcnc?� i:he five percen� limit-ecl v�lue be re�ea)_cd. It is nro}�oseci the five �ercent linit �c replaced ��rit;h a 20 Pe rce�l� �.imit �n r�arl-ct valuc inc�_cascs �or. as�essrnent purpcses , I�c"1SCCi on +h�'. m��sL- recent unlimit.cc', valuc , L-or �975 and 197G . I�fL-er J.97G the �� m�.t�ccl value is to bc ccr,�nletely c]_imin�t:ed, anc� t:he mar}:et valuc cr�tcri.a �P� lied to �11 }�ropex-t�y not specita.c��lly e;,er;�Pted �� statutc . . . � � � 1 �zo>>rt�at:t��z� xt� s�t,LS Ii��T:�� .s��vUZt.s ' ' � � . U1:(.�CZ' i:0 C17.`.i,i.11C t.}lil`l: cl�:;C�SI11C3"]t� c7[�j�x'Oc1C:'�1 T11�11"}:C4: Vc"1�.11C� �.��C COITIf�I.:;_:1011 7U:iC`C1 :;c��C: �"�1t,�0 ;'�{.LlCZ1C� 1�C �_Ill�)�'OV('_CZ illlCl L)I.'C�<1CICI�CC�� c�Y1tI t.�lcl� L1re. ��].c i � • -14- . _ . . .. .,.. . � , , s .y7� � 'atio:�. pt�k�lzshecl by i�hc c�cptir_tir,ent oL- r_event�c l.�c al.lo�vccl u� 1ccJa�i�;c�h�� .n cot.�:t. 'J:'o acl�ieve �.r�pl-�vec). s�iles r.�zi�ia s�uci�_es zncl ec�u��l.izaLion Z�roeec�ure:, , :�1C Cbfiu�illSS1.U21 1"C'CO1:U::C17<ZC �c11� U11C1.�Z:�S1�.1CC� 1"CSC_'�.l"C�1 :iGC�J_�Il �JC Cit:u�a.l��1CC� � .n �l�c dcp�zrtr.�ent of xevenuc to �.�or�: cl.ircct-ly �•�i tIi �t�ie co;�;��a��.o�z�r oL ' �' �evei�ue �n iinProv�.ncj the s��-��eti��ic3e c1Ultl].I1:L`atr�zt�ion o� th� pro_�ei:ty tax. .'lll.:� tcii: J:C�Ci��"C�) L1111� .'..S �:O }�C C��_VCII •��1G �tC:111111�:>�X'c?t1.VC.' c?Ll�l]OJ"J_t:�� nece�saiy ,- :a .�.mp�en:cn�. cli�ncJc� r.c�cor.u�enc?cd hy i.hc cor;�rnzs�:io:�er of revenuc . ;o.�►��xsszo:�l>r. �.�o L�t.r.I,rz� ��x x,�vz�s . � . . • ' ,. 'n �ccompli_sh CCIL1�111::�.4:]_OI7� ��1C CO:iM�.551.0T1 reco^::`�E.'hC�S {:11C COP'1:11SS1C)I1eY' G� "C3'11C11UC� S1i:1;J.11g c�.S �}1C Sl:c�l�C�' 1��YC� O{ C'_CjL2c121.'L��t:20:1 c�1�C� J=CV1.C'.1�'� hC' G'If1Dp:JC7'('C� �O c1a..�_OCc1`�'E..' t:�l�: �C:VY.E`� dlil0)ZC� overJ aPpi1�CJ <?:�SCSS?::C'.n�"'.. jlll''1..'3C.1Ct1.U1"lS . �.'11G� �urpose o£� tlic rcco;�r.�c�nu«�ian is �:o h�:].t;. e::tra--�cc��il tax �?i5.f_�s �l:at r�::�ilt �l"U+il 1�TlCC�U�I�. iiSS(:5�:::;G'1"lt: �.�J"�Cf:1CG'S c i�:0i1C3 c�.rSG�S�I'":tiI7� �L7C1SC��_Ct3..0I15 c�l7Cj p�o�ca:ty :lasses �•�ith ovc�lapt�anR �ax levic� . . � . , )�'G�'.I�UIi3G Ol' A5SI;SSUIt' S S:�LI�R�' I�I�D Dli 1'SF.S � Cn. an efiort to furthcr up�r_zc?e tnc G�JJCS,or'�s o��_:ice, the Co��3��i�sion p,:c��osed ��1C' 8}111Uc11 P"i1P.11:?L121 ��i<<� O� c' CC?1:�;){�� O1' C1.�y c1S�C:>;OL" �C Yc11:�Ga �Q fia.n ��U� . ��C GC11L':ll�:�ion ��.SO :L'COl^�::G':�CiGCi f.�7G c:::>�C.'SSOL' � � 0��1.CC: OTt�X' �:i 1?-OJ:`i�; C1L1Li:.'.� 3.a.r_c�c�).y re1�ted to t':�c a�;�rt<�s�]_ Gr.c: C,SJVJ�)�Ien� ot pr_oPe,_+:.�1�� .r�r.11iGin� t':e �ati.ier.ir:g und kecp�nc� o�' d��t�a ai:d 7 z�ts neec.^d Lc� pursue L-.ic c?u�ies . 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Prepared March 3, 1975 • Dept. of Finance & Mgmt. Services CI'1'Y OF SAINT PAUL � BUDGET REVISI ONS FROM CONL'INGENT RESERVF. - GENERAL � . Year of 1974 Appropriation $1,770,602.00 Supplemental Budget 12/20/74 1,546,6?_3.84 Total Available $3,317,225.84 Council Transfers Council Description Resolutian Amount Memorial Day Observance 263184 $ 1,200.00 Plan Examinatian 263314 10,755.00 Health Clinics Contribution 263561 79,0OO.00 Civic Organizations Contribution 263585 . 20,000.00 Mayor's Administration 263627 14,000.00 Public Works - Chassis with Compactor Body 263683 110,622.00 City Administrator 263928 4,800.00 Civic Organization Contribution 263939 4,800.00 Como Zoo Bear Grotto 263984 6,000.00 Lake Phalen Sampling Program 264003 8,000.00 Civil Service 264004 . 27,533.00 Fire Station Maintenance Division 264027 3,915.00 Community Services - Administration 264028 6,000.00 Accounting and Auditing 264089 5,000.00 Building Trades - Fringe Benefits 264272 21,000.00 Labor Negotiator 264411 10,287.75 Salary Adjustment 264430 1,070,620.00 Metro Sewer Board 264431 I,150.00 Retunds and Repayments 264433 10,000.00 Police Band Expense 264320 3,000.00 Municipal Court 264589 8,510.00 City Planning 264590 28,700.00 Department of Finance & Mgmt Services 264591 14,780.00 Department of Public Works 264592 185,735,00 Department of Community Services 264593 38,500.00 Department of Police 264594 57,840.00 Department of'Fire and Safety Services 264595 10,550.00 Judgment and Compromise 264714 12,446.40 Less Total Council Transfers 1 774,744.].5 Closed to Fund Balance - Not Dedicated $1,542,481.69 -17- , ' �repared MarcYi 3, 1975 Dept. of Finance and Management Services C1TY OF SAINT PAUT, PRELIMINARY FUND BALANCE SZ'ATEMENTS 12/31/74 FUND BALANCE - DEDICATEU Balance 12/31/73 $816,390 Appropriated during 19.74 -30,000 786,390 Appropriated to fund 1975 Budget 455,873 330,517 Unencumbered Balances 1974 Closed _to fund balance +230,$78 Excess of Revenues over Estimates +502,396 Fund Balance-Dedicated 12/31/74 1,063,791 FUND BALANCE - DEBT (llEDICATED) Balance 12/31/73 1,154,707 Appropriated during 1974 225,055 929,652 Appropriated to fund 1975 Budget 1,000,000 (70,348) Unencumbered balance 1974 Closed to fund balance +319,284 Miscellaneous Revenues in excess of estimate +1,622,831 Tax Receipts less than estimated -144,818 I'und Balance-Debt Dedicated 12/31/75 1,726,949 -1£�- e� , Prepared March 3, 1975 ' , � Dept, of Finance and � Managem�nt Services CITY OP SAINT PAUL PF.�LIMINARX FUND BALANCE STATP�9ENTS 2s5�14 12/31/74 FUND BALANCE - NOT DEDICATED Balance 12/31/73 $2,159,124 � • Appropriated during 1974 -1,559,124 Remaining from 12/31/73 600 000 , Unencumbered balances - 1974 Closed to fund balance +2,350,5£32 Excess of Revenues over Fstimates Miscellaneous Revenue + 999,392 Taxes + 195,736 Fund Balance-Not Dedicated 12/31./74 4,145,710 -19- � � o � n , - ro o � ' • r ro F-3 �n cn cn ro hi c~i� � a � p. 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' . � . C ITY�OrF"��IN T PAU L OFFICE OF THE BUDGET DlRECTOR ?�'�'�'�'� �5{tv'[i .. y d y �"'t•_ February 27, 1975 {-� Mt�,� + � Z ', . . f°n3tL��''e.:.�daZi:.�wi:��u..�.iz�:;f �.:.�'� RICHARD E. SCHROEDER To: Saint Paul City Council Membexs Fr: Lawrence D. Cohen, Mayor Thomas J, Kelley, City Administrator Richard E. Schroeder, Budget Director Roger A. Mattson, Director, Department of Finance and Management Services Re: Requested information relating to capital improvement financing and bonded debt Source: Prepared by Gregory N. Blees, Office of the Budget Director Page I. Discussion Definitions A. Relating to Capital Improvements 1. Capital Improvement - Legal Definition 1 2. Capital Improvement - CIB Committee Definition 1 3. Capital Improvement Program 1 4. Capital Improvement Program Process 1 5. Capital Improvement Budget � 2 6. Long-Range Capital Improvement Budget Committee 2 B. Tax Terms 1. Levy 2 2. Mill _ 2 3. Mill Rate . 2 4. Assessor's Estimated Market Value 3 5. Assessed Value 3 6. Homestead Exemption 3 7. Homestead Credit 3 8. Senior Citizens Income Tax Credit 4 9. Senior Citizens Tax (Freeze) Credit or Refund 4 II. Municipal Bonding 1. General Obligation Bonds 5 2. Revenue Bonds 5 3. Rating of Municipal Bonds 6 4. Glossary of Terms - Tax Exempt Bonds � City Hali, Saint Paul, M'+innesota SS102 -�P Saint Paul City Council Members -2- February 27, 1975 Page III. Existing Bonded Debt 1. Debt Statement 9 2. Statement of Direct and Overlapping Debt 10 3. Statement of General Bond Annual Charges for Bond & Interest 11 IV. Bonding Program versus Pay-As-You-Go 12 V. Summary of Inflation Indexes for Construction 18 VI. Original Purpose for CIB Legislation 24 VII. Goals Established for Obtaining New CIB Legislation 25 VIII. Proposed Legislative Bill 30 IX. CIB Annual Authorization - Net Effect on Taxpayer 33 : . �� DtSCUSSION DEFINITIONS A.� Relating to Capital Improvements � 1. CAPITAL IMPROVEMENT - LEGAL DEFINITION (Minnesota Law 773, Section 2) (City Ordinance 13679, Section 3) . Capital Improvement bond funds are restricted to use for acquisition, construction or repair of capital .improvements, having a useful li£e in excess of three years. 2. CIB COMMITTEE DEFINITION A capital expenditure involves acquisition of land, construction or acquisition of physical facilities, or additions to existing facilities. Such facilities are expected to have a useful life beyond the term of the bonds. (Ten years at present) . Equipment which is a necessary part of a new facility to make it functional, generally .is acceptable. When modernization of an existing facility substantially increases its value, such modernization might be regarded as a proper capital expendi- ture. Deferred maintenance expense ordinarily is not considered proper capital expenditure. Neither is expense for mobile equipment, additional or replacement office equipment, short-term operational equipment, upkeep or repair. 3. CAPITAL IMPROVEMENT PROGRAM - SAINT PAUL'S (CIP) The programming and budgeting of ali of the City"s capital improvement projects, regardless of fund source. Capital improvement projects are funded with CIB Bonds, Water Pollution Abatement Bonds, Public Improvement Aid, Municipal State Aid, County Aid, grants, Development District Tax Increment Financing, etc. In addition to the programming and budgeting of all City c apital improvements, projects programmed by the Housing and Redevelopment Authority, the Port Authority, the Civic Center Authority, the Water Department, Independent School District #625, the County of Ramsey, the Metropolitan Sewer Board, and the private utilities companies are identified and related to. Presently, Saint Paul's Capital Improvement Program is an annual budget with a following four-year program. 4. CAPITAL IMPROVEMENT PROGRAM PROCESS The process established to identify, analyze, prioritize, coordinate and recommend funding of the City's capital improvement projects. This process identifies the priorities of the Department requesting the project, the Office of City Planning, the Mayor's Senior Management Team, the City Administration, and the Mayor, as well as those of neighborhood groups and business organizations. All priorities and recommendations are transferred to City Council for their information in reviewing the Mayor's proposed annual capital improvement program budget. ti �� . . 5. CAPITAL IMPROVEMENT BUDGET (CIB) Refers to the Minnesota Legislature's authorized bonding authority granted for the purpose of providing annual financing for capital improvement projects. In 1967 the Legislature first granted Saint Paul $4 million annual • bonding authority for the budget years 1967, 1968 and 1969. In 1969 the City was granted $4,500,000 for i970 and 1971. In 1971 the Legislature continued the bonding authority of $4,500,000 for the years 19�2, 1973, 1974 and 1975. In 1974 the Legislature also granted Saint Paul an additional $2 million bonding authority for 1975 to be used for the reconstruction of Phalen Park. 6. LONG-RANGE CAPITAL IMPROVEMENT BUDGET COMMITTEE (CIB COMMITTEE) A 12-member citizens committee appointed by the Mayor with the approval of City Council to establish citizen priorities and recommendations for funding of capital improvement projects with CIB Bond money and the remaining 1953 Second United Improvement Bond money. It is an- • ticipated that this year the citizen co�nittee reviewing capital improve- ment projects will be establishing priorities for .the funding of all capital improvement projects, not just those financed with CIB and 1953 Bond Funds. (Mayor Cohen is proposing that the Long-Range Capital Improvement Budget Committee be consolidated with the Planning Commission and that any new CIP citizen review body be related to and workable with any proposed "Citizen Participation Structure") . B. Tax Terms l. LEVY � Dollars needed from real and personal property taxes to finance in whole or in part a governmental unit. Not to be confused with "budget total" which is the total number of dollars needed to finance a governmental _ unit. "Budget total" minus other sources of revenue equals levy. 2. MILL A mill is one-tenth of a cent or a one-thousandth part of a dollar. One mill generates $1.00 of taxes for each $1,000 of assessed valuation. 3. MILL RATE Mill rates are usually expressed as a ratio for $1,000 of assessed valuation. The aggregate mill rate in the City of Saint Paul for 19'75 is 146.536. In using mill rates to determine tax dollars generated, move the decimal point three places to the left; i.e. " Assessed Value x Mill Rate = Tax $6,200 x .146536 = $908.52 $775,112,150 x .012 = $9,301,345.00 Z~ .. .. 4. ASSESSOR'S ESTIMATED MARKET VALUE Propezty is to be valued at market value by the assessor for tax purposes. "Market value means the usual selling price of the place . . . which cauld be obtained at private sale and not at forced or auction sale." (MSA 272.08 Sub. 3) . 5. ASSESSED VALUE The value which is multiplied times the mill rate to determine the amount of tax. Assessed value is determined by multiplying the assessor's estimated market value by various percentages depending � upon the class of property. Classes of property are determined by the Legislature under MSA 273.13. There are 13 classes of property and �re� examples are shown below: Class Description Percentage 3C Homestead property 25� first $12,000 of market value Assessed over $12,000 40� 3D Residential-real estate 40$ other than homestead property (i.e. apart- ments) ' 4 All property not in- 43� ' cluded in any other classification 6. HOMESTEAD EXEMPTION This exemption as first allowed by Chapter 359, Laws of Minnesota, 1933, provides for a percentage reduction in converting a portion of the assessor's estimated market value to the assessed value. For example, the first $12,000 of the assessor's market value for income property is presently assessed at 25� with any excess over $12,000 of ' assessor's market value being assessed at 40�. 7. HOMESTEAD CREDIT This credit first allowed by Chapter 32, Extra Session Laws of 1967, � is presently 43� of the ad valorem tax (the tax based only on value, does not include assessments) except that part of the tax attributable to non-school debt. Credit not to be confused with the homestead exemption. _3 � . 8. SENIOR CITIZENS INCOME TAX CREDIT . Credit available to those over age 65 with income of $6,000 or less , received by filing a form M-1SC with the State of Minnesota Income Tax Division. The credit is determined on the basis of real estate .,,tax payable and income. For example, a senior citizen with an income of $4,000 and a net tax of $300 would receive a refund from the State of $105.00. Note: many disabled persons are also now eligible for this refund. 9. SENIOR CITIZENS TAX (FREEZE) CREDIT OR REFUND Credit available to all persons who are 65 before June 1 of any year if the ad valorem real estate tax in the current year exceeds the amount of their ad valorem real estate tax in the year proceeding the year they turned 65. Credit is_ received by applying on form M-1SC to the S tate of Minnesota Income Tax Department. Any .refund paid under this credit is deductible before determining the amount of senior citizen income tax credit. . w 4^ � ' CITY OF SAINT PAUL �� DEPARTMENT Of FINANCE AND MANAGEMENT SERVICES Offke of Director 113 CITY NALL Roger A, Mattson ��M pAUL.MINNESOTA 55102 II��C��AG�i - o;�a, February 27, 1975 MUNICIPAL BONDING WHY BONDS EXIST ' . Tax exempt bonds are issued by states, counties, cities, school distri.cts, universities, park districts, turnpike authorities, etc. ad infinitum, to build .streets, sewers, hospitals, water lines, lakes, parks, schools, jails, hydro-electric dams and a whole host of other major capital improvements of an enduring nature. Theoretically it is unrealistic to require today's tax-naying citizens to bear the entire financial load for the construction of these public works projects which may have a useful life of 50 years or more. To finance these projects over several years and thereby spread the repayment obligation over a period of time, the political subdivisions bo.rrow money by issuing bonds. The issuer pledges to pay the principal and interest for the use of the funds in accordance with the covenant which is made with the bond holder, Fre- quently, the loan is scheduled to be paid out in ten or fifteen years, but many bonds are issued to finance improvements over forty or fifty years in cases of large projects of long term value. BASIC TYPES OF MUNICIPAL BONDS (TAX EXEMPT) GENERAL OBLIGATION BONDS General Obligation Bonds are backed by a pledge of the issuer's full faith and credit for prompt payment of principal and interest. Most city, county, and school district bonds have the further distinction of being secured by a pledge of unlimited ad valorem (property) taxes to be levied against all taxable property. In most cases if taxes are not paid the delinquent property is sold at .tax sale giving the bondholder a superior claim above mortgages, mechanics' liens and similar encumbrances. Since general obligation bonds are geared to tax resources, they are nor- mally analyzed in terms of the size of the resources being taxed. REVENUE BONDS Revenue bonds are payable from the earnings of a revenue producing enterprise such as a water, sewer, electric or gas system, a toll bridge, airport, college dormitory or other income producing facility. They are usually analyzed in terms of their earnings, historical or potential, compared with bond requirements. They have built up a good record over a long period of time, and are sometimes considered to be better than general obligations of the same issuer. The yield, generally, is higher for this type of bond. � . .� _ . .. ._ _ _ _ .+� -2- MUNICIPAL BONDING (cont'd) GENERAL INFORMATION ' RATINGS OF MUNICIPAL BONDS � The quality of municipal bonds can, to some degree, be determined from the ratings of three rating services, Moody's, Standard and Poor's, and Dun & Bradstreet, Inc. These bond ratings are used b� the municipal bond profession, government and industry regulatory agencies and the investing public as a guide to their relative security and value. They are not used as an absolute factor in determining the strength of the pledge securing a particular issue. Indeed, many non-rated bonds are sound investments. Since Moody's and Standard and Poor's are now xating bonds only on a fee basis, the number of non-rated issues may increase. In this regard the investor should use caution in his purchase of such bonds and 'seek Lhe advice of his investment banker. The ratings s,ymbols of the three services are as follows: � � - Moody's Standard & Poor's Dun & Bradstreet Prime Aaa � AAA O1 . 02 03 Excellent Aa AA 04 � OS O6 Good A* A 07 08 09 Average Baa* BBB 10 11 . 12 Fair Ba BB 13 14 15 ' Poor B -- 16 . � 17 18 Marginal Caa B 19 20 21 Default Ca D 22 C ► i *Those bonds in the A and Baa groups which Moody's believes possesses � the strongest investment attributes are designated by the symbols � . A-1 and Baa-1 within their groups. � _6_ -3- MUNICIPAL BONDING (cont'd) GLOSSARY OF TERMS - TAX-EXEMPT BONDS ACCRUED INTEREST - Interest earned on a bond since the last coupon payment or since the dated date, whichever is later. AD VALOREM TAX - A tax based on the assessed value of property. AMORTIZATION - Special periodic payments which pay off a debt. ASSESSED VALUATION - The valuation placed on property for purposes of taxation. BEARER BOND - A bond which has no identification as to owner. It is presumed to be owned, therefore, by the bearer or the person wha holds it. A bearer bond is said to be in "Bearer Form." � • I30ND - An interest-bearing promise to pay with a specific . maturity. . ' CALLABLE BOND - A bond which is subject to redemption prior to maturity at the option of the issuer. COUPON - That part of a bond whfch evidenc�s interest due. Coupons are detached from bonds by the ho3ders -- usnally semi-annually -- and presented for payment to the issuer's designated paying agent, or deposited �in his own bank for collection. CURRENT YIELD - A relation stated as a per cent of the annual interest to the actual market price of the bond -- same procedure as computing a stock yield. DEBT LIMIT - The statutory or constitutional maximum debt-incurring power of a municipality. DEBT RATIO - The ratio of the issuer's debt to a measure of value, such as assessed valuation, real value, etc. DEBT SERVICE - Required payments for interest on and retirement of principal amount of a debt. GENERAL OBLIGATION - A bond secured by pledge of the issuer's full taith and credit and taxing power. INTEREST - Compensation paid or to be paid for the use of money. INTEREST DATES - The dates on which interest is payable to the holders of the bonds, usually set at semi-annual intervals on the first or the fifteenth of the month. ��+ � ; k -4- MUNICIPAL BONDTNG (cont'd) � GLOSSARY OF TERMS - TAX-EXEMPT BONDS (cont'd) INTEREST RATE -. The interest payable each year, expressed as a percentage of the principal. MATURITY - The date upon which the principal of a bond becomes due and payable. � OVERLAPPING DEBT - That portion of the debt of other governmental units for which residents of a particular municipality are re- sponsible. � PAR VALUE - The face amount of a bond -- $1,000 or �5,000. PAYING AGENT - Place where the principal and interest is payable. Usually a designated bank or the treasurer's office of the issuer. REGISTERED BOND - A bond whose ownership is registered with the issuer or its agents, either as to both principal and interest or as to principal only. REVENUE BOND - A band payabl.e from revenues secured from a project which pays its way by charging rentals to the users, such as toll bridges or toll highways, or from revenues from another source which are used for a public purpose. SERIAL BOND - A bond of an issue which has maturities scheduled annually or semi-annually over a period of years. TERM BOND - A bond of an issue which has a single maturity. YIELD - The net annual percentage of income from an investment. The yield of a bond reflects interest rate, length of time to maturity and write-off of premium or discounts. � � Q� v � CITY OF SAINT PAUL � DEPARTMENT Of FINANCE AND MANAGEMENT SERVICES Office of Director 113 CITY HALL , SAINT PAUL,MINNESOTA 55102 CITY OF SAINT PAUL,MINNESOTA DEBT STATfMENT Decamber 31,1974 GENERAL OBLIGATION BONDS A.Within Statutory Bond�d Debt Limit: Auditorium . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 189,000.00 Capital Improvement,Laws of Minnesota, 1963 . . . . . . . . . . . 4,800,000.00 Capital Improvement,Laws of Minnesota, 1969 . . . . . . . . . . . 5,850,000.00 Capital Improvement,Lawsof Minnesota, 1971 . . . . . . . . . . . 12,150,000.00 Civic Athletic Stadium . . . . . . . . . . . . . . . . . . . . . . . 1,130,000.00 Civic Educational Cente� . . . . . . . . . . . . . . . . . . . . . . . 1,071,000.00 Garbage Disposal Equipment Garage• • • • • • • • • • • • • • . . . 59,000.00 Health Center . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95,000.00 Libraries Improvement . . . . . . . . . . . . . . . . . . . . . . . . 169,000.00 Parks and Playgrounds . . . . . . . . . . . . . . . . . . . . . . . . 809,000.00 Public Safety Building . . . . . . . . . . . . . . . . . . . . . . . . 300,000.00 Sewer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,368,OOb.00 Street Lighting . . . . . . . . . . . . . . . . . . . . . . . . . . . . 393,000.00 Streets and Bridges . . . . . . . . . . . . . . . . . . . . . . . . 7,552,000.00 $ 39,935,000.00 B.Outside Statutory Bonded Debt Limit: Capitol Approach improvement . . . . . . . . . . . . . . . . . . . 1,504,000.00 Civic Center . . . . . . . . . . . . . . . . . . . . . . 17,660,000.00 Detention and Workhouse Facilities . . . . . . . . . . . . . . . . . 940,000.00 Downtown Development District No. 1 . . . . . . . . . . . . . . . 500,000.00 Fire Station . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310,000.00 Flood Control . . . . . . . . . . . . . . . . . . . . . . . . 805,000.00 Health Pension Fund . . . . . . . . . . . . . . . . . 1,180,000.00 Joint Court Houee&City Hall Rehabilitation . . . . . . . . . . . . 380,000.00 Joint Hospital Facilities . . . . . . . . . . . . . . . . . . . . . . . 3,444,000.00 Joint Sewer Study . . . . . . . . . . . . . . . . . . . . . . 140,000.00 Joint Storm Water Sewer Conatruction . . . . . . . . . . . . . . . 225,000.00 R iverview Storm Sewer . . . . . . . . . . . . . . . . . . . . . . 385,000.00 Urban Renewal. . . . . . . . . . . . . . . . . . . . . . . . . . . 34,470,000.00 Water Pollution Abatement . . . . . . . . . . . . . . . . . . . . 9,950,000.00 $ 71,893,000.00 Total General Obligation Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$111,828,000.00 SPECIAL REVENUE BONDS: (Outside Statutory Bonded Debt Limit) Perma�ent Improvement Revolvi�g Fund . . . . . . . . . . . . . . 2,000;000.00 Trunk Highway . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,420,000.00' Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,995,000.00 Total Special Revenue Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 20,415,000.00 TOTAL GROSS BONDED DEBT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$132,243,OOO.W DEDUCTIONS: (Allowable undsr Section 475.53 of Minnesota Statutes) General Obligation Bonds—A. Balance 1974 Maturities, within debt limit. . . . . . . . . . . —0— B. Outside debt limit . . . . . . . . . . 71,893,000.00 Special Revenue Bonds. . . . . . . . . . . . . . . . . . . . . . . . 20,415.000.00 Total Allowable Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 92,308,000.00 TOTAL NET BONDED DEBT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 39,935,000.00 MARGIN FOR FUTURE BOND ISSUES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,753,132.00 STATUTORY BONDED DEBT LIMIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 75,688,132.00 The percentage of the Net Bonded Debt of the Marlcet Values of Taxable Real Estate and Personal Property Valuations of$2,126,399,761.00 is. . . . . . . . . . . . . . . . . 1.88% •Principe!amount to be paid from Stale of Minnesota Tiunk Highway Bonds owned by the City of Saint Paul Submitted by ROGER A. MATTSON Director � CITY OF SAINT PAUL � DEPARTMENT OF FINANCE AND MANAGEMENT SERVICES Office of Director 113 CITY HALL SAINT PAUL,MINNESOTA 55102 �CITY OF SAINT PAUL STATEMENT OF �IRECT AND OVERLAPPING DEBT DECEMBER 31, 1974 Grosa Oebt Per Cent of Debt Saint Paul's Less Sinking Applicable to Share of Funds Saint Paul Debt City of Saint Paul 111,828,000 (1? 100 111,828,000 Independent School District#625 91,982,000 100 91,982,000 County of Ramsey 18,458,561 58.6 10,817,302 Metropolitan Airports Commission 8,000,000(2) 12.1 968,000 Port Authority 17,280,000 100 17,280,000 Metropolitan Council 35,000,00013) 12.1 4,235,000 Metropolitan Transit Commission 11,733,293 12.7 1,490,128 294,282,854 238,600,430 � � (1) Excludes $13,995,000 of G.O. Water Bonds paid from Water revenue and$4,420,000 G.O.T�unk Highway Bonds paid from State of Minnesota bonds held by the City. (2) Excludes $86,585,000 of G.O. self-liquidating bonds; $8,000,000 shown is not currently levied as by agreement the airlines are paying for the debt in fees. (3) Excludes$154,121,000 in bonds supported by revenue collected from local governments. Submitted by ROGER A. MATTSON Director CITY OF SAINT PAUL �:'[!1Ll�� STATEMENT OF GENERAL BOND ANNUAL CHARGES FOR BOND AND I1�EREST DECEMBER 31, 1974 . Bonds Interest Total . 1975 6,773,000 5,256,947,50 12,029,947.50 1976 7,085,000 4,972,491.75 12,057,491.75 1937 7,634,000 4,675,324.50 12,309,324.50 1978 7,300,000 4,351,205.75 11,651,205.78 . 1979 6,982,000 4,039,000,00 11,021,000,00 1980 6,702,000 3,735,630.00 10,437,630.00 1981 6,308,000 3,451,191.25 9,759,191.25 1982 5,643,000 3,197,413.75 8,840,413.75 1983 5,293,000 2,965,760.00 8,258,760.00 1984 4,993,000 2,748,633.75 7,741,633.75 1985 4,218,000 2,553,616,25 • 6,771,616.25 1986 3,868,000 2,377,210,00 6,245,210.00 1987 3,518,000 2,207,448.75 5,725,448.75 1988 3,343,000 2,Q49,418.75 5,392,418.75 1989 3,279,000 1,895,124.00 5,174,124.00 1990 3,023,000 1,744,687.00 4,767,687.00 1991 2,929,000 1,599,705,50 4,528,705.50 1992 2,837,000 1,457,737.50 4,294,737.50 19g3 2,685,000 1,316,293.75 4,001,293.75 1994 2,560,000 1,178,075.00 3,73$,075.00 1995 2,540,000 1,043,230.00 3,583,230.00 1996 2.,505,000 905,535.00 . 3,410,535.00 1997 2,500,000 767,880.00 3,267,880.00 1998 2,450,000 627,812.50 3,077,812.50 1999 2,375,000 491,125.00 2,866,125.00 2000 2,195,000 406,820.00 2,601,820.00 2001 1,565,000 232,600,00 1,797,600.00 2Q02 1,475,000 150,012,50 . 1,625,012.50 2003 1,030,000 78,037.50 1,108,037.50 2004 640,000 29,812.50 669,812.50 TO'rAL 116,248,000 (A) 62,505,779.75 178,753,779.75 �A) General Obligation Bonds � 116,248,000 Permanent Improvement Revolving Fund 2,000,000 Water 13,995,000 Total Gross Bonded Debt 132,243,000 Department of Finance and Management Services Division of Accounting February 27, 1975 � � :� . , �� . C1TY OF SAINT PAUL . � � � � � OFFICE OF TNE MAYOR Long-Range Capital lmprovement CITY PLANNING DEPARTMENT Budget Cammittee � VINCENT M. COUGHLIN � PLANNING COORDINATOR Nove.mber� 21, 1974 � ,: Mayor Lawrence D. Cohen and Members of the Saint Paul City Council City Hall � Saint Paul, Minnesota 55102 Dear Mayor Cohen and Council Members: � Since its inception the Capital Tmprovement Budget Committee. has expressed desir- �bility of eventually getting capital improvement funding on a pay-as-you-go bas.is. As the authorization for capital funding has expired, and a return to the Legislature � is necessary to seek new authority, the time seems ripe to propose a pay-as-you-go program for presentazion to the Legislature. Here is such a program: Capital Improvement Pay-As-You-Go Ten-Year Bonds Capital Levy Mill Dollars tiill Uollars Levy Produced Levy Produced Year Limit (Diillions) Li.mit (Millions) 1976 4.5 3.51 1.0 .78 1977 4.5 3.51 1.0 .78 1978 4.5 3.51 1.5 1.17 1979 4.0 3.12 2.0 1.56 1980 3.5 2.73 2.5 1.95 1981 3.0 2.34 3.0 2.34 1982 2.5 1.95 3.5 2.73' 1983 2.0 1.56 4.0 3.12 1984 1.5 1.17 4.5 3.51 , � � 1385 1.0 .78 5.0 3.90 1986 .5 .39 5.5 4.29 1987 --- ---- 6.0 4.68 Note: A1?. of the above d�llar figures are based on an assessed va�uation of $780 million, estimated for 1975. No pro- � jections for increased vaJ.uations were made beyond 1976. 421 Wabasl�a, Saint ('aul, Minnesota SS i U2 ., (f�12) 29�-4151 _ � Z _ , , , Mayor Cohen and City Council Members -2- Nov�mber 21, 1974 This program has several distinct advantages over past practice: 1) Millions of dollars will be saved in interest charges, eventually reaching one million dollars per year. 2) Stating the levy limit in mills will allow the amount of money to increase with � the tax base, without an increase in the tax rate. ' 3) There will be more flexibility in the use of Pay-As-You-Go funds, as the term of bonds is not a consideration. Under the proposed program, interest charges will continue around a million dollars per year until 1978, when a decline will start, ending with the complete elimination of interest charges. Defic,it financing as now practiced is increasing the debt .burden at an alarming rate. An attempt should be made to reverse that trend. � Respectfully, �i��'1�� Otto H. Hummer , Chairman 1887 Saunders Avenue Saint Paul, Minnesota 55116 599-2882 OHH:GB:kk cc: CIB Committee Members City Administrator Budgat Dir.ector Director of Finance and Management Services • Director of Community Services Director of Public Works Planning Coordinator John Connelly ' Carolyn Cochrane Department of Police Department of Fire & Safety Services City Attarney w i3�► Consumer Price Index - National (Buying Power of U.S. Dollar, as Compared to 1967 Buying Power) - Information Source: _Ninth Federal Reserve Bank �� Research Division Mr. Sam Gain - 340-2345 CONSUMER PRICE RECIPROCAL PRESENT WORTH OF ONE YEAR INDEX MULTIPLIER HUNDRED 1967 DOLLARS 1967 100.0 . 1.000000 $. 100.00 1968 104.2 .959693 95.97. 1969 109.8 .910747 � 91.75 1970 116.3 .859845 � � � 85.98 197I 121.3 .824402 82.44 1972 125.3 .798085 79.81 1973 133.1 .751315 75.13 1974* 153.2 .652742 65.27 1975** 160.8 .621891 62.19 1976** 168.4 .593824 59.38 1977** 176.0 .568182 56.82 *1974 Index as of October, 1974 **1975,1976 and 1977 Indexes were calculated using a seven year (1967 through 1974) average increase of 7.6, and not any projected trend which could be estimated to be as high as the 20.1 increase incurred from 1973 to 1974. � !i,��•. i € k . � ,� +n *t in o * M � * � � � N F � N r O o * o r rt � � �O M pi o * o .°'i o �°-� rt o *F o � � * o * p � � r . n * * �Y ro � K O y � O y O�i N f�i I H rt w � * I H K w �j J �U M � (D W C� � r (D F'• K' f+ O m hJ y* N 'O G g n � � " � " rt " ' � � " � � � * z '' y * Ja �P M� O O O z * O O O X t0 ��. 1 I I d �, 1 H O� � . 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N W OD O M� �P J W �P �t tT� O O O �t F-' OD �A �P * O� 6� O 01 �t W 61 6� O * ln 0 '� n N � �P O O O �F OD �t W �P +r N O O O � ln ln N N ,F l7i pi p Oi �F lt� O O O * �I O O O �F F�' DO W ln �F �P O O O �t N 07 �0 l0 �F �P �l O J �F J O O O x � � � s • � � * ' s O N .. * � � � � � � P+ K cy9 � � * � » * ' ur C x) a tn r a � �n tn r a � ,n tn �n � in rn tn � rn � m � a w oo a nODi r,,, w rt � n n ro 00 � v� � o �n � �oio �oo w � rnco � x� r �n � m � � rnrno : � � � wc� n l0 10 l'J O �F N 0� �P �P M� N �l J O �F �P O l0 1-+ % W �P OJ 01 �F O N N O �F 'p J O O� ' �r . . . . � . . . . � . . . . * . . . . * . . . s o �, w � � , � N No � r �ao �a s u+ v� ino � u+ u� r �a � �ornorn : �o� � o � n� w000 � w �ao � � m000 � JJ �n �v � ornorn � rn000 � b ' (n O O O �F �O ln O ln � O O O O � J N W tp �F Ui J O �1 �F �P O O O � 0 � � �F % �F �F �F �F ' 'J 01 H �. rt �F �F rt N N (A % �F M� % �F „' � R (D O � � � . * * � a z w a a � � �n � � ,P u� u� � �n rn v� x tn .� rn x� m m ao » � �,, . . t0�O t0 O �F N W W �P rt 6� J J O +F O W 0� J M� J F-' lJ� 6> >F 61 W W O M� OQ t0 � � C� W W W O M� W F-' 6� �P M� F-' W OJ O �F l0 OJ O� 1--' �F W OD N O> >F W F-� 1-' O M� O � � \O 61 O� O �F OJ F-' 01 �P �F N O O O �F �P N 00 �P M� V1 01 O 01 �F W N N O � ll� N W rt � - W O O O �F �t I--� 0� �P +F �0 O O O �F O W ln N �t ll� O� O 0> >t 6� O O O � ' � lJ�O O O � N F+ �I �P �F W O O O �F 0� O� J �p � J J O J �F OJ O O O � � � y rt * � � � � : �� rt x� � ,t • � O * � � s * � a � � � w �P �P » w tn �P � �P cn �n � a m �n � tn rn rn rt * tn � � � ll��l J O rt 00 1-' 0� 1 * F' OJ l77 O � 01 F' �P J * N l0 N 01 � rt F+ � . �O dD OD O �F 01 W l0 �P M� l0 dD W O �F N 01 �P F-� �F O N 01 01 �F �F � W J N � F-�O O O �F O -.] W �P rt 6� Vt ln O �F OD O lJi �P M� �P O� O 01 x� � lJ� W - N fD � N O O O �F O �1 W �P x� O O O O �F I-+ O J N �t F-� O� O 0� • M� � K '. 10 O O O �F OD J W iP �F �O O O O �t O O F-' �O �F O U7 O U7 rt �F � N � �F �F M� �F �F �F � �F �F �F �t i � N fS . eF Y • �F M� % �F O� W iP �P ! W �P �P f W l71 lli M� W U1 ll� M� �F �F VI `� F'" ' O 01 O1 O M� N l0 Ul �L1 M� IJ� W W O �F 00 l0 N �I �F �F f N ,O (D ' F� N N O �F �P 61 N �P �F I--� �p l0 O �F �I W N F-� M� �F �F J J OD iP �P O �F O �P O �P �F O7 O O O �F Ut J N �P x� �F tF N 'p N - . N O O O k ll� �A O �P �F N O O O �t �P 1-' OD N �F �F ! � OD O O O +F O �P O �P �t W O O O �F Fr N O� 6� �F �F � . � • �F �F � �F � ,x �F �F �F �F �F 1F �F �F �F �F �F �F � f �F �F �F i �F 01 - N iP �P Y N �P �P • W lJ1 ln �F �F �F �F N r J�P �P O �F l0 J W A �F N N F-� O �F �F �F �F 1-' � J 0� 0� O * J t0 �P �P �t W t0 �D O �t �F �F �F OD v M. . • • . �F . • • • �F �F �F fF l0 N coaoaoo r �orrn �a » ou, ino � w r * r O�O O O �F Ut 1--� O� �P x� J O O O � � �F • I�O O O �F l!� F' �l �P � N O O O � � �F �F � � �F �F �F �F �F �F 4 �F �F �F �F �F tF �F • �F �F �F U1 N A iP �F N iP �P �F �F �F �F �F � lO r � l7�W W O �F J 0� F+ �P �F �F �F �F +F W � O�F-� F-� O � �P F-' J �P � �F �F �F �F OD � �F • • • • t �F fF �F i N � O N N O �F N �I W �P. • �F tF �F tF iP l7�O O O % 1-' J W �P �F �F �F �F ! J O O O � �P J W ia M. �F �F �F �F . �F �F fF M� �F fF . �F �F N� i M� � 1F �F �F 1F ri �F M V1 N A �P �F �F IF �F �F 1F 61 r w r r o x +r � » * r oo � rn v� v� o � a » w � . � r � � � » � » � eo � 1-+O� 01 O k� k� �F �F �F �F N W O O O % M� �F �F fF �F O�O O O �F M �F rt �F � �F �t � � rt t � W �P iP �F W �A �P %� W �P �P �F W �P iP • W �P �P �F W �P �P �F �P �P iP �F �F �F �F • �F . . . . . . . . . . . . . . . . . � J m �D O rt J J �l O � �7 J �i O % W 6� 6� O �F W tn ln O �F �O �P�P O �F O O O � A ln tn O �t ln O� 00 O � N O O O �t W N N O � 0� �P �P O � O 6�01 O �F O O 1 O F-�OD W O * N O O O � OD N N O * h-' �P �P O * ln 0� 0� O * N N O� O * O O�O O y �o 00 � o000 * � 000 � � oao � �, 000 � �`000 � o 0 o r ^�b_ Wo 00 * W000 � �, aoo * o000 � ,� 000 .� � 000 � o 0 0 l!�O O O � O O O J � V� O O O � N O O O M� Ol O O O � ln O O O rt O O O * � � � � � �F k �F �F �F � �F t:,. . METHOD OF FINANCING CAPITAL IMPROVEMENT BUDGET PROGRAM �� I. Pay-As-You-Go-Financing A. Pros 1. No interest charge, therefore, there is a smaller annual debt. 2. Engineering and Design of a capital improvement project can be started on January 2, of each budget year. B. Cons • 1. The City is paying for the cost of capital improvements in one year, � when the capital improvements have an average benefit value from 25 to 50 years. 2. In time of economic stress (or political dire) there is a tendency to drastically reduce or postpone the capital improvement Arogram, because there is a direct reduction in the mill levy. II. Capital Improvement Bonding A. Pros 1. Assuming continuous inflation with the corresponding decrease in the value of the dollar, the total value of the dollars used to pay the annual debt is less than the actual value of dollars worth of ' construction purchased. 2. The City is spreading the cast of paying for capital improvement projects over the same period of time that the benefits of the projects will be realized. . 3. It is easier for a politician to continue the Capi�tal Improvement Program when it can be bought in one year and paid for in install- ments, starting a year later. B. Cons 1. In total number of dollars, a bondinq program has a larger debt than a pay-as-you-go. 2. Engineering and Design of a capital improvement cannot start until after bonds are sold and the money is in the bank, usually not until , late February or early March of a given budget year. , .. ��+ � � � rt N c rt N o M H ° � z o 0 � N • � N M F<'• F. ft N �0 � naoro � aa w� na °rt �- � onufD, rt � � m a Y• c �• � c �. c c g o t7 � � �.. M awE m rr � �C r � � r rt 7 PO. rM � � N E W M t�n °� ro A h7 r• b0 w 0 W N• 4 - rt a m � � n o c � o c o ro m d o a i rJ c� �o rtn � K� r � � rt � m amo .°ti � � `� Nm � om oc�iro °-=o i ° . . w m cNr � � e a m < ry* u�i � ��jy a �°c oi (n C �f � - W K G rNt O W x k W � X H � N rt � � K N c�i w � �' N m �' N r � � C O 7 w C�J � " k � �C �' ai � � � � N N O T+ n r�i i � m rt m� � � y � . rt . �' i i i ~ � � O� J OD J Op J OD J y J �..� ff � � p N O N O . N O N O H r N � N � y � � � � � � J J J J H O � J A A iP ln �. 'p O G y � �..� C °z � w tn tn tn � � n vi � tn �o � K J iP W N dP aP t�/l J N �l .J � O !P dP dP dP H H W W W W �'' W � J�f-� oP � � p � p 7 � p w v� m w "� ''3 H . . � K K ��'S M �t �'S � � � � �d � � '�1 O ' W a a a a W hh F' M F� 1n't c�'o � mm � m rt � :� m a H y A J N � O • m z z �, z e w v� v� v� � � m ao r N N n� w �o �o X J �P W N� � � W w J W O O �I N N L7 � •�.•�.y..�. � �� W O N N Ui N � hJ 00 00 OD W �F OD t OD II t •I• I + •�� ',�b �- tl il II II � II O II O X N W F+ h+ � H ' A 01 O� 01 OD F-' A O �I (J� II J p� �� 'xiJ � � � � N II � II w� � N W II N A� . .. r �o tn II N tn Z � t�+� W W N k w � c.� ,�p � ny y � n � K �� O G a� ~ C n l� C fD W N W W �"S N� (D r'S F� H w �n v� �n w m rt m v� m a m a o � a w c.� rt w • N w w rt �A H z w �G � �G �a rr m i w �D + + + + � a � y � ,,� m w �t z z � rnsrn m �. a r car a n m a N a o� o� m 'v, a k � k a � r °' � o y n n u u tO � �e � �o �c n `° K � .ze � m �n tn �e o tu n i w K �t w `o r o �o ao • w m rat m m o a a o � k rn co rn in '� aa, r• uai n m v '� o � � m n �o �• N � � � � n � v � � � ' m N n m H m =% m m � �°, t`� No � o�o N w twi� ,~°p z � o� aoo� �n ' � � � K � dv ar d� dr � a � �., °n °° ?� � T� M � M . C7 N H H tn tn in in , tn tn to O r-� r �nrnrnm oo � �° ao v� z rn ' 01 iF W W N J iP I—i �p N ip O N p� � � O O 10 f7 zoco v� oriz O O O O O p � � H ` C'y U7 . � � O O O O . O O � � (�"j O [*7 C y O H i� �' Q � tJ .. E"QOOC:i � � • .1 �; � �.:. a � E.l � � l �/�l. E�! � /4 � � �3 � � f$ `� C � � CEJt�l � `i' �; 6..1 � T � � E�9 G � C» ; lJLT� I"ti� '�' J 520 NO. MiCHIG/1N 11V6. / CHICAGO, ILL. GOG11 / 312•6�14�9133 . 400 CUFION AVE. �O. / MINNEnI�ULIS, MI(�N. GG5U3 / 612•33J•:,027 �C�`�..;j.-,,.,� �l I.�'�:' �iti . December 9, 197� '' /�� !r, v ` '� ... 'P; � . �� ;`;-1�"��';._.� .r y ��:,.�!' .. . Mr.. Greg B1 ees -1 � � �,'�c;',a,::.� .�,, �• r Office of the City �udget Director �~'� ��" . ` � �—� St. Paul Cou►�t F{ouse i�. F;��' :`°=�•�;`'� `. Rm. 367 �� \ A '�� St. Paul , P1•i nnesota 55102 ��j � j1 `..G, . . , '",�.�f:i' Dear Mr. Blees: � Your inquiry regarding inflationary construction growth comes at a very appt~opi�iai:e time, as I have just comE�leted an analysis betti��een the years 1950 up to the year 2000. A grati�rth rate bet��reen 19G7 and 1974 a;oul d read as fol l ov�s: _ 1 . Jan 1�67 to Jan 19G8 = 7.5� 2. Jan 19E8 i:o Jan 1969 = �7.5� � . � 3. Jan 1909 to Jan 1970 = 8.Q; � � 4. Jan 1970 to Jan 1971 = 14.0% � 5. Jan 1971 to Jan 1972 = 14.0% � 6. Jan 1972 to Jan 1973 = 13.Ow 7. �an 1973 to Jan 1974 = 13.5� 8. Jan 1974 to Jan 1975 = 15.0� Added together youi� net increase from 1967 to 1975 ��;�ould be � ' +9'L.5�. � � � � � The system we used to establish these increase� is to analyse ! the avai 1 abl e pri nted i ndeces, pl us our, o+rrn �i^04'ltl� i nd�x and then to plot both their past ti�ends and their projected growth. ' � t�1r. Bl ees, I f�ope thi s i nformati on wi 11 be of some hel p ' ta you. Tf I can assist you with anything in �he future, please call me. Best Regards, � � �.�� ' . � ,� ..:�:".::=.,''�.��o ��.,�. `��f.J � 7heodore 1�.. Jaye . 3�9 –Sd'z7 Tl�JJ:m;n . ,� q .. . � �� 4 Information from: F. W. Dodge Reports Division of McGraw-Hill ' i�iinneapolis 831-5700 Gene Rosenberger Non-Residential Construction Cost for Ramsey County Construction Cost Per Year Total Construction Dollars Square Footage Square Foot 1967 � 53,98�,000 3,152, 000 17. 13 1968 64, 828,000 4,549,000 14. 25 1969 77,970,000 3,539,000 22. 03 1970 71,975,000 3,552,000 20. 26 1971 68, 240,00� 2,971,000. 22.97 1972 67,516,000 2,577,000 26. 20 1973 95, 883,000 4, 326, 000 22. 16 1974 (3/4J* 62,780,000 1,663,000 37. 75 *Inforrnation for period of time from 1-1-73 to 9-30-74. - ZO- ti Information From: Saint Paul Builders Exchange Roger Miller 224-7545 January, 1976 September, 1974 � Construction Cost Index 100 183 100 Building Cost Index 194 (1j The Construction Cost Index is a twenty-city averaqe for the cost of steel, cement, lumber and common labor. (2) The Building Cost Index is a twenty-city average for the cost of steel, cement, lumber and skilled labor. Note: The twenty-city average is for major cities across the nation and includes New York City, Chicago, Detroit, Los Angeles and Minneapolis. ' � - 2t- � � ; � ,._ ._ _ _.--.---_ ___ _._ _ _._ ____ ._. . _ _ . ..._ __._. _ _. _____ .e.ar> .- , 4,rr o. ♦ • w� �. Z ~ . �� %* - wc � . . . . � •.• CtTY OF SAINT PAUL Capitet of Mi�nesote DEPARTMENT OF PUB�IC W4RKS 234 City Heq & Court Hou:o ss i az Oecaaber 19, 1974 Mr. Gregory Blees City Admintstrato�'s Office 3b5 City Hall � Re: I�creased costs of public imp�ovdnent constructton f rora 1967 to 197�+, due to inftation. Dea� Mr. Blaes: in accordance with your request seeki�g the effect of tnflation on public improveanents during the above period, we had various sections of � Engineering and Design calculate inflation rates for simiiar projects in a fashion that could equate 1974 costs for 1967 proJects. . The results are as follaws; 1. Sewer Construction - Co�aring three separate projects gave , respective inflation �ates of 48�, 52� and 58X for an average inf lat ion rate of 5296 on sew�er crn struct ion. 2. Bridges - Extreme variations have occurred betw�een various items on bridge canstruction as identif�ed by the fact that relnforcing sfieei has mo�e than doubled in cost during the 7 year period and ready-mIx concrete has increased approximately 3$%. The ccxnposite lnflation rate for bridge constraction averages out to 53�. 3. Sidewalks - Comparing the va�ious a�r�ual district sidewalk construction contracts between the above years gives an Increase of 54°6 due to inf lat ion. 4. Street Paving - There has been lncreased mechanization and constructton technlques i� thts category, inciuding the use of aufianatic curbing machines, subgrade machines, etc. together with less inflation in the basic construction materials, such as asphalt ' and ready�mix concrete, together.with perhaps a greater cc�npetitiveness amo�g the co�tractors, all of whjch has resulted in an inflattonary increase of 37',� in street paving. , — 22— � f �� Due to the time constraints on us to develop the above information, it was done by utilizing several representative contracts in each category, but those results are surprisingly consister�t in the 50� - 55� range of inflatio� over the 7 year period. Please i�t me know shouid you desire � further inform�tion. You�s very truly, . �� s� �m�.a � G. Kent Schonbergar �f �� Asst. City Englneer Design b Engineering GKS:kjb _ 23 _ ORIGINAL PURPOSE FOR CIB LEGISLATION In the 25 years prior to the commencement of the CIB Bonding Program in 1967, the only major c apital improvement projects constructed in Saint Paul were financed from the 1953 Second United Improvement Bond Issue. The City had no orderly process for constructing the needed sewers, playgrounds, parks, fire stations, libraries and other improvements. In 1967 a legislative bill was introduced by Representative Fred Norton and Senator Nicholas Coleman which provided Saint Paul with the means to tax themselves�, through bonding authority, for the purpose of financing needed improvements and establishing an annual Capital Improvement Budget Program. The major purpose for establishing an annual Capital Improvement Budget Program was to eliminate the major "One-Shot, Something For Everyone" and "Special Interest Project" bond issues and to establish an on-going program whereby priorities could be established and projects planned and coordinated. The CIB process as formulated for Saint Paul fosters not just citizen input, but true citizen involvement in determining priorities and making recommendations. Saint Paul chose the road to self-help by utilizing CIB Bonding legislation prior to any major effort by the Federal Government through the Urban Renewal- Neighborhood Development Programs, and the Model Cities Program. Without the CIB Bonding Program, in the last nine years Saint Paul would only have had financed the new Civic Center and the new schools constructed by the Independent School District #625. We can thank our far-sighted Saint Paul Legislators and local delegation for providing our City with the opportunity to finance the many "neighborhood-needed" projects, such as: Saint Anthony Park and Hoyt-Flandrau Storm and Relief Sewers Neighborhood recreation centers such as Arlington, Battle Creek, Dayton's Bluff, Hazel Park, Palace, Rice-Lawson, Scheffer, and Sylvan The acquisition, restoration and development of Hidden Falls Park, Crosby - Farm Nature Center, and Marydale Park • Lexington, Sun-Ray and Highland Park Branch Libraries Payne Avenue and White Bear Avenue fire stations and Metro Fire Training Center Joint City-School projects such as Frost Lake and Londin Lane Recreation Centers Paving and bridge projects such as Warner Road, White Bear Avenue Bridge, Marshall Avenue Bridge, and Hamline Avenue paving City-wide projects such as handicapped sidewalk ramps, mid-block lighting, traffic signals, opti-com system (fire truck traffic signal control system) , bike trails, picnic tables and tree plantings Baker School, Highland Park and Oxford Swimming Pools City-wide park improvements at Battle Creek Park, Cherokee Park, Como Park, and Highland Park. _ Zy- GOALS ESTABLISHED FOR OBTAINING NEW CIB LEGISLATION 1. INCREASED FINANCING AUTHORITY AMOUNT, based on need and not on inflation. 2. Obtain FINANCING AUTHORITY BASED ON A FIXED MILL RATE which would provide for increased number 'of dollars as Saint Paul's taxable assessed valua- tion increases. 3. Obtain FINANCING FLEXIBILITY which would allow the City to finance capital improvements through bonds, and, or a tax levy outside the levy limit. 4. Obtain PERMANENT ANNUAL FINANCING AUTHORITY. ..�5, �' O � �ro o � � � g b F' � K C7 Y bd F-' F'• cD $ ¢ n � A Q'' �' �t � N- H � , (A tA �, N W� O H� � X � N N N z 1 � ; � � � � s5� 4 A 5 . . . � b � �n � yr a� � ►vra� z za � r� a� . � p, N. ro ►t N• cu w m m m � ►-� N � � r� g m d � cu �'r ro x ►� � n � � xr � cn �• u� �..+� o• a �u x �u m o m w m m K m ►-� n x a n m rt m w c o �o w � W C C� N O E O tD £ (D �' N �'i �"''G ►i r`�s o � cn rtacor• �aaoaw � aao� ctrm ' ' . cGi m`� a ro ~ o aro �' �p� � �' �,� �n r � � � n c w o 0 rt N cr ►t �n h� � N � 8 v� r• o t7 `a o r o m � r• n � � �. � � �• ocu � a � �c �a � mr• � N• � oNx N m � Q N• O u4 K (D b A N �" C N �t n O N N ct ct � �y rt3 � K C � ft fD � rt � C� (D Y• f� N C� (D LL a+ K t'S • �q tn N• cr p' � A� m r• m I� ct m ct m � x1 C G 'd �, c� � � rmc�r � � � ow � �• � rtbrom n �� o � cu �d m � N• � r* ro o rt o �r m w � cL c+ cr o � o NKc+ cro � m � � m � mnnam w w c, �, � o w � x ro K m n n x�c c o o c� ro cr v, � w � a� ron � ro ro t� - m � � c� �• � K � '� m � a� � w° a� rtomo � roxKO a� � y � rs ' � C r• � ►� m �i m n H ro w E sa a w m m ro Y y rr � � mon �• � mnn ►tw � � a � w ►t a �. �r w � ►cm o � o � a� � � cn • v� m a ro rn o N• ct w c� m � � w r r- � R. • t�J ►J O W F-� 1-� N F'• Ft R+ LTJ O R+ C7 �t I-'• rc� pd ',3 fD W F'• F'S 4'� N Ai W X � fD f't f� �..{ K �, v, �r � c � • ro � c ro �• ►� wwa d v wro � c� n o � �y R; � m rt c� K ro � K � ►� o � c� cvo N ro �• c m n v� o •rt o w N �a � � a c K o m a o w�n r•►� np� m z m `4 F�.., � � O n � � � � 3 K � o n ro �s � � � m � � � � . , ' � w • t-� � o�o � cn r w � w oo N r w .wi ►-� o� ro � ►H-] . . .. . . . . . . . . . . . . . a� � o n� o� a� rn �n � a� w r w c� ao � cn N � �o H z r i � N .� p� u, v� �n cn u, � a� O cn O o ao i--� � w O O H J O tTt �1 W O O O O O � O O O O O O V� �P O � � � H co 0 0 0 00 000 0 0000 0 000 0 o ryF-+ � O O O O O O O U O O O O a O O O O O O O V1 t� � O O O O 00 000 O 000 O O 000 O O C7 0 • C t�J ' H � � H z � �P tn � ;� y t� b ro . 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H w N C o N o � r+, o n w o `3 O N � O m N• O N m Fq N• a� cr ct a+ E r rn � � ro � v� M a � �+ �• cr K cn �• ro N• a � � o � � rr cn. n % �H O Vl O C� N• O n fS � m rt � N w N � rn C �' �R � og 0 o r-�C � � � �n c�i � ►�t � . c�n z � � a N ts'm N• � a+ � � R� �. � � c�D � ty=1 cu m � t� N• � rr o tn �u m � �t rt (� � � t� � c r o � �f ro r r t r� � r t ' � � �3 �t F-� t1� fD N K tn W ►i ct ►i N t'' W .. bi N 1-�-'�C G+ Ir• t-� C � �d ►-�• C 1-� t+• A� H � N m � N• w � a a � w � k N• 0� c+ cn w m � cr c � ct ro �' N ro � rr m � ro w m a rr �t t� ►� a w � E z� cn � o Y < �• � ►-i N• o m cn ro N- �• n w � � ►� � � �t cn � omNC�o m w `� m c`� N �n N b ►i fi �, �C tn N O t�nt zl � FM' � O � tn N � ~ j �i ' E � v c�t � � W � m vi � ro . W N H F�' t-' N J N � O� O O F-' OD N . N N N �d C7 � . . . . . . . . . . � � . [r� N �O N l0 lfl O O O CT N W Gi (J� �P �P �7 � 7. m � � o0 o a� a ocnr � � rn a� 04H H � � �n o0 o wo oow � �o ,P ,t� � n � � i� � o 00 0 00 00o w w iv iv eyf..� � w w o 00 o wo oow �o �o N r cnc� ln ln O O O O O O O O O ln N O O C7 C, � z t-� y t7 N � � z � � W J O � W N N � . . . . . y 4 �P. 00 F-� �P A O 0� N t-� F-� F-� 1-+ � 00 � Vt d� O� O O Ol W OD N �) �l O� 01 h1 � 7. f'� �P tn ►-� O O O �P 0� w w O 1-� F� ,Ls ,p gp � � y . . . . . . . . . . . . . . . O N Ol O O O N d1 W W pp �p �p N N � r �O t0 O� O O O O 6� W W 6� d� C� OJ 0� tr! O � �n rn � o 0 o N a w w ao 0 o r � y .� tp � � � H � � ro � • ozz • O� � tn �P F-� ►-� H tn t'�� -+ � � r r N cn VI N N cn ro O� 0� N N O O O OD W l!� O V� ll� Cij ►d O O .P �P O O O � f"' � � � � H H O . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 o a ►� c� O O O O O O O O O O O O O [T1 H O O O O O O O O O O O O O y (] � ... W N � O �P O J F� �L1 ,�i ao 1-� Oo i-� W '�' z I�J O J� N ln N O V� � tn � a �P v '�' H � � . . . . . . N G1 O N �o � � � r a tn 0� J O � O O t+� �Q N � - z7- N . � i � � . . . . ` ' . . . . . ' . • ';. FIFTEEN-YEAR CAPITAL IMPROVEMENT PROJECT REQUESTS . � Estimated Annual Revenue Expectations � . . (Based on Current Funding Levels). County Aid $ � 950, 000 � Federal Aid Urban 1,500, 000 . Municipal State Aid ' 2,500, 000 Public Improvement Aid (City budget) 800, 000 Sewer Repair Fund , 100, 000 Water Pollution Abatement Fund (City bonc�s) 4 , 000, 000 Miscellaneous Funding, Grants and Agr�ements 1, 000, 000 . . $10, 850, 000 $90, 000, 000 Federal and State funds expected for Abatement or Combined Sewer Overflows adjusted to 15-year average $ 6, 000, 000 TOTAL ANNUAL REVENUE ESTIMATED � $16,850, 000 TOTAL AVERAGE EXPENDITURES IDENTIFIED $30, 444, 095 Less TOTAL ANNUAL REVENUE , 16,850, 000 ANNUAL CIB FUNDING AUTHORIZATION $13,594 , 095 _ Zc�_ . 2/15/75 + � � � � � � � � � .e c ♦ �F �I J �l �1 �1 J 01 6�. O� � M � w 9 * M H A� W lJ� �P W N 1� O 10 � �! m u�,�i� � n m b� rt y . 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O tl F+• tt W N y N X N �O t0 .`�i f� z rn�S y t�o � K o K �n o o � d z � � � p � d. y K � � W C �p oAi w � L� . i� tr% �,� ,.�''ro rt w n °z � ,p a, u, t� o _ w � p, M £ n � w vi o r � r � H m m w w a 1D � � ° 'J Fyt O 1p N J n £ 8 ~ M . � � N �O N � , � � N '��J . . � N N J K a p u :� �D w O H W� 1-' f! y� p, � � p� U� Ut J N tl CL CJ la-� � � y ID rt W 11 'L' ro a �' � s� a � r rn � w r 0 G� O y � N J � � K W N O N: O ,O o O v ��.1 � C M � � a lY � � x �' a a w � ~ H '� � m A' � a o. � � rr. rn � m n� W O O O J Ul N � '•H,tl a o °D a � � � rr m H K r �' n' a v+ a a ,i, � � m w�C w K � -° m N co co a ,� � � �•Ks v � a � K � °o r °.i° rn � � � � z n m K 1p fD O N a' o o E ro m i o 0o w o � H� � _.._.. . . � 1 N C G O e J �O A N O W M tnt N W M n a, O % 1 W y H '< N N C � W rt O �P a tn da ts � Y Z �P ln N �1 OD W F-' m � H K n � :n N •J `J `n 0i �1 W r �y A N p� W W �b • �� C � y G a w v�i � o w ,wp tn H M � a 1D a fD � �' , p, a y w o � ;c. a u� A A A � o tn rt� y 7 u+ a tn N .� OD w �-+ b � 2 N iC C � O '�' W W �! OD � v Cy . ao �..� r W 'n t+ W < �° °� � a . � � � O �, u� n�i rn N � � w y X '�O 0� a�i N ' O � K A A A ,p � * ,p � � y (p . . � N N � � J � 0 N 00 x• O m �i t0 . .._ 10 �l �O 01 �I J ll� A �P A �1 N � l/� F' OD W V1 N N v � v �D 'U h' T A pJ pp °Z9- . �:� . , . . • . ' � , � � . . . • , . .f: . • i. � A bill for an act � :Y:. . ��: . " � -� relating to the city of Saint Paul; providing • � ' _ for and authorizing issuance of general � �• . obligations and levying of special taxes for .; capital improvement budget purposes . $E IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: . `� � � Sectiori 1. L'ISSUANCE OF OBLIGATTONS; SPECIAL TAX LEVY; � � � CAPITAL IMPROVEr1ENTS .7 Notwithstanding any provision of law or - .� city charter to the contrary, for the purpose of providing funds � for the city' s annual capital improvement budget the council of � the city of Saint Paul sha.].1 have power and authority, by � � resolution adopted by five affirmative votes of all of its members, to annually levy taxes against all taxa.ble property .within the corporate limits of the city, and in addition thereto or in the alternative, annually atithorize the issua.nce and sale of the city's general obligations, the payment of which obligations shall be � � secured by the irrevocable pledge of the city' s full faith and credit. The total annual aggregate amount of such tax levy and � general obligations shall not exceed the sum equal to 18 mills applied to either the current assessed valuation of all ta�.ble - property located within th� corporate limits of said city or the current "�axable val.ue" of said city as calculated pursuant to , Minnesota Statutes, Section 473F.08, whichever calculation is the � , greater. Obligations provi.ded for by this act sha.11 be �issued and sold pursuant to the applicable provisions of Minnesota S�atui:es, Chapter 475; provided, however, that no issue or sale � � . , 1. � �3� _ . 1 ' - ... . , . �N • � . . � o£ <obligations hereby authorized sha.11 be required to be submitted to or �approved by the electors of the city of Saint Paul. The council is further authorized to levy and collect a tax to � repay such obligations issued pursuant to the authority contained herein and such obligations sha.11 not be included in.,computing the � net indebtedness of the city under any applicable law or charter :. ' . • . .. ".E� provision. The receipt and expenditure of any moneys received - hereunder shall not be included within the definition of any limitation imposed by law or charter, and the taxing powers granted � E . ', � : ' to the city in connection with this act sha.11 be in addition to . { � a11 taxing powers now possessed by said city, and sha.11 be deemed � � �� j a "special Ievy" and shall be outside all exi5ting tax levy ' ' ; � ; limitations imposed by law or cha.rter including those contained in . Minnesota Statutes, Sections 275.50 through 275.59, inclusive. � �. The amount of taxes levied as a "special levy" pursua.nt to the authority herein granted shall not be used to reduce the city' s - annua.l levy limit base nor used to reduce the amount of property taxes tha.t the city would otherwise be permitted to levy under the provisions of Minnesota Statutes, Sections 275.50 through 275.59, ' inclusive . - . � � . • Sec. 2 . /'�HESE POWERS ADDITIONAL^7 The authority and power - . , granted to the city of Saint Paul to issue bonds and levy taxes _� under and pursuant to the provisions of this act shall be in : addiLion to the power or authority contained in any other law or � . statute. • � . 2. ' • • ` � ' _ � � , . • . .b• � • _ • . . ' • � �s Sec. 3. LCfSE OF PROCEEDS; ADVISORY COMMITTEE_7 The proceeds - . _.of all� monies authorized pursuant to Section �1 hereof shall be used � _ � exclusively for the acquisition and bet�erment of capital �� : improvements set forth in the annual capital improvement budget! � and all projects contained in said budget shall be reviewed and receive a priority rating from the� advisory committee provided by ,. administrative ordina.nce adopted by the city council in accordance _ with the city charter.. The priorities and recommendations of such _ committee shall be purely advisory, and no buyer of any authorized . � obligations shall be required to see the application of the proceeds . . Sec. 4. 1�VNUAL CAPITAL IMPROVEMENT BUDGET; ADOPTION; AMENDMENT_7 Annual capital improvement budgets sha.l�. be adopted � and amended by resolution in the manner provided in the Saint Paul. � city charter �and administrative ordinance adopted by the city - council. Proceeds for any obligations and/or special tax levies issued pursua.nt to Section 1 hereof shall be used only for capital � improvements conta,ined in the capital improvement budgets as adopted or as amended from time to time by the city council. ^ Sec. 5. �FFECTIVE DATE`7 This act sha.11 become effective only af ter its approval by �a ma j ority of the governing body of the , city of Saint Paul and upon compliance with the provisions of Minnesota Statutes, Section 645.021. ' , ' 3. . . ^ 32 _ . . . + r �'. tn �n w w n� n� N F� rai C�J � � w � p � � - O O lli O ll� O tl� . N 7P' (!] (A � N f) C W C . O O O O O O O O rh H tiJ h'• N G N � I-a-� , ;� O O O O O O O O U1 21 p LL , o 0 0 0 0 0 0 o c � �n w w m n � � � °� ~ n �' o~o �' rt � m � cn �rw � oa o i �, H � r '� � a �. W iP N O .OD O� iP W !A CS ft � ft '� N N N N N N N O � ti] � O 0 0 0 0 0 0 0 o r �n n � 0 0 0 0 0 0 0 o C cn tu , �y � �n C7 H K � . N b' � � �+ h-� r NN rr N N rN Nr� rr rr 5C � E . . �o��0 �O �0 �o �o �0 �o �o �o �0 �o �o �o �D �o F�- F'- OD J OD �l 00 �] 00 J 0) J � J 00 �l N J "� � C� F-� f--� .`f. O 0� �l Ol J 0� �] 01 �1 0� J 6� J Ol �t O� �l G G O 10 t0 Y• I--' H g u� ao � r r y a rt m � w n DC R, O N ro a ' K W N O � �� O �P (n 1-� W l0 F-� OD l0 6� O� �P �P W W N �. OD 0� 01 � N W � F--' 01 lll W O I-� �P t0 00 61 W W W S11 61 O 00 lf7 lfl N W �l O �O J N �A ll7 F-� �l OJ O �P 0� � f7 V1 W W O �O O OD W �1 10 O1 Ut Ol N lf� 00 �P Vt 6l O Qp � r• o�n rn o n V1 O N O H O N O W N E C� � rt r- a z . � a`�' c~i c � a � t�+ a � � rt � n, rn �o o m c t0 VI' N F-' �O O O� 0� W 01 l� V7 61 W �P N N W V7 F-' W N � ',i'. �. O W Ol l0 �p W N 6� O lfl OD N J V7 J lli N �.1 A N O ft M O ; orn • � aos�� P J 6� l0 �l O �l F-' UD N lfl W O J� W W � O p K f-1 ,. lll N N W O �A N ll� 61 Vl lll 0� W �l 0� W O U7 O O Li ft N 'J W 00 O J F-� ',L W W N O J I--' O H ro Vt lp 1 H '� o � vm °z ro � �'' N � �'i I a n � M v~, m o t��J � a p a, p, y `� � p, �' � � c� � wrn o a rt � m rt wN c.ir NN N r N �Prn ro Nrny � • b' fD F-' lJ1 �P N I-� O J 00 .P J O V7 .J W U1 N : � O iP 61 11� N O di 6� J F-� O �l W N 6� F-� l!t ft O J W �l G oW . N r'S O� 01 U7 N lfl l0 W J J V7 F-� W 41 F� OD OD (D ~ � O� ft H 'Z ri �c rnw No w �o v� w � �, iorn N �a � � w a°o �m ° o° o ��-r �3 �� z N o n� o � K � n� • � � N Fh N 'JY F' � rt � N m �o m cL � J N N� C N F+ FJ 0 h� �P O� O FA W F�' N !-� N r r r r M W V7 O� N N O OD OD Vt J F--� U7 �l W� Vt N 01 �P J I--� OJ � � 00 t0 �P �P J 6l l0 l0 N !-� lT� �P OD Ol lll O� � W �P � N fD l0 lT �P �P I--� l0 l0 �P 6l OD �P W N OD 0� W O O. . O �P N OD J Vt W F-� l0 OD V7 V7 F-� N 0� O .`3 F� J O O � 01 �P O M O O N O rt �^ � � m K 0 a �D �n � � �e n d � �' r r N OD J W (D �P 1--' W !-' N l--� N I--' F-' . ' � ('� W �l W W OJ N iP l0 10 �l �P Vt l0 W J N N• W N 1--� �O O F-' 1-+ 0� W 10 �P F-� lJ7 �P J J OD l4 lfl F-� OD Ct 00 O � N F{ J 1-� OD lf� A �l l0 l0 ll� I--� O W 0� (J7 Y N p . J l0 N J W ll7 00 �P� �P W �O N �P F-� J N h7� �l J O O G � t�v O F+ ^ �� . ' . ' � � �� CITY OF ,S�A{ NT PAUL �� OFFICE OF THE CI�'Y ADMINISTRATOR LAWRENCE D. COHEN THOMAS J. KELLEY MAYQR March 5, 1975 TO: Saint Paul City Council Nembers FR: Lawrence D. Cohen, Mayor Thomas J. Kelley, City Administrator Richard E. Schroeder, Budget Director Rr�ger A. Mattson, Director, Department of Finance and Management Services RE: Requested information relating to the economic condition of Saint Paul and the financial status of the City's budget. . SOURCE: Prepared by: Office of the City Budget Director Gregory Blees Ronald Kline Richard Schroeder Department of Finance and Management Services Roger Mattson and staff The foZlowing information is provided to assist the City Council in reaching a decision relating to the type and amount of funding authorization requested of the Minnesota State Legislature. This decision will enable Councilman Christenseri to express the City Council's position to the Ramsey County Delegation pri.or to the Marcli 12, 1975, public hearing. RES:GB:kk Attach. 365 City Hall, Saint Paul, Minnesota 55102 �.�a�ss . �-- TABLE OF CUNTENTS Page Saint Paul's Building Permit Information 1 . Unemployment Trend 2 . Saint Pau1's Taxable Assessed Valuation 9 (A review of proposed 1975 legislation drafted by theN�nnesota Department of Revenue ' affecting the operations of local and county government) Bonding Report with Projections 16 Contingent Reserve - General - 1974 Activity 17 Fund Balances lg Revenue Status Report 20 Estimated Effect of Salary Increases on 1975 25 Budget Appropriations Richard Radman - Secretary of Saint Paul Building and Construction Trades Council �a�:-�,, , ' SAINT PAUL'S BUILDING PERMITS Number and Dollar Value Sour.ce: Building Department I #�� IPr.Rr.,�T Ivn�.u�s . ; ; . . . : � . � . . � . ._ . . . , : : ��r•.R ��F� ' (w r��i_LI�NS� I7� --- � 6 0 --- . , . . " .�_ _ __� : _�_,__._ �.� _ ___ ' ' ' . , I __ -�6�000 . . . . 1 : . . . , : . .. � Nur�a�R o� PrRMirS ' . . . . . . . : . .�` . ,,.� �,_,, . �.�� . .. . . . ; � . . O ---•� --- - �--�. _ ^ _ 1 -- -- --` !--- -� — _-- — . I --.�.�r � ``�. . ��`._�.. �.--j _ �`---- �-•-_.._.... __ .._ _.._.�._— -1 �c�oop �_.. . �� . _._._ . � � i � : i . . . . . : . . _.: �� .'� . . � � �` I � . . . . . . : . . . . .r . .- . � . . , _ `-------------_-.---- --�--- •--- �._._.. . ' � I � �, ---1-.�-j o- . - . �---_ ____---------�_ � -------------- __1 y,o�o,----- . . . . . . . . . _ . , . . - , , . . , : .. . ; : : � � a . . . ;. : . ----- - . ; . : , . . . : � � : . , . . ._: . ,. _ , i _. : �O -1-3 0_ — ------ _ ---•- --- — --- ; . . : . : : : — . : - --13,000 - .__ -.�v�'.�. . _ ____ ; � � - . �� ; i . . . . . ' : . . . : : . , . � •,�� '•,1`, �`• \ . . ._. . : . 1-ZU- -- - . � : . _ . . - �� `,' i��+:,�' - - - -- _. . -- `,, . I�': il' ! . . _ _ ... . � ._ � . . . .. . � \`�i� ' ti � �. . . . . . _: ; : - . ;. . , , � � ' . , . . . _ _ . . � �. �,.� � _ . _ . . .. . ` -�- - -5- ----� . . . : _ _: . -�-0' -- — - . . ;_ . _. _ . _ -- -- - -- • � 1� . . . _ . . . . ' v . . _ . : : ._ : .._ _ . : _ , _ _ - .', l�t: � _ :. . ._ . _._ ... :_ �'�1 _ _ . ' _ . . ._ . . ; , e�� \�� 1� ---� - �� - -(� . . . .. . ... . -��- -• — -- - - — --- . . . _. _. _ ._ . _. ( _,. . ._ . _. _ • - - . . _. _ : _ . .._. _ -- • - f�s . _. _ . . .._ . _ . :_ . ' 1, ` \' �, ^ j J }� �- _. : ;._ __ . ...... ,. - - . . , . � _.,.. _. _. _. :. � i , . .. � � i _ .. . _ _ •--. . . ._. .__ . :_ > _- • - � -- . ._ _. _ -q-o- - ----- - -- -� +-- ----- — -- I��a"' , _ , ._ _ ._ � - _ . . _ - . _. . .. . . . - i R i , _ .._ . . � __.._ ._ ___ _ ... , aF� � J� ._ __ _ . . . .. . . . ;. � . _ _ , ._ . - -__ . .. _ . � I . . : JQ,,� I . .. _ _ ._. _. . � . __. . . . . .. . .__ _.._ . ._,._ . . .._. _ -- - . _ ._._ _.._. -- --go-- - --+-- — - - � _ . . `,�i i , . I . Q-�, � . . ( ._ .--. � - _.._ � .._: .. _ _. .. _' _ . _ _,. . : . � � _ _. ._ . .. . . .. �. , , z l . ; .: . ._ . . . __ _ _ . . _ .. -70 . , . . _ . . . . .. _ . . .__ _ _ . . .. _ ____. .._ . _ . . . . . . ! . � ; � 6; E� . 67 . . .6B . . 69 . _7 . . ,�1 . .7�Z. . . 7� . __ ��f. . . .� . --_. . .-_ I _ . : . Y{ . : _ . . __ . . . .. _ _ . ;_I_.. . .._. � . ...� . I : - � _.. _ ( -, -) , , _ _. . . �AR . I_ . , I Year No. of Permits Value - Average Value 1965 15,258 $ 79,97,654 $ 5,242 1966 14,796 70,898,568 4,792 • 1967 15,310 82,935,380 5,417 1968 15,258 102,318,061 6,706 1969 15,051 102,973,195 6,842 1970 14,380 128,558,?.52 8,940 1971 15,386 125,508,706 8,157 1972 14,315 120,916,363 8,447 1973 14,749 88,000,000 5,967 � 1974 13,674 137,790,674 10,076 ---------------------------------------------------------------------------------------------- 1974-Jan. & Feb. 1,613 8,940,693 5,542 1975-Jan. & Feb. 2,104 8,793,840 4,179 ---------------------------------------------------------------------------------------------- Prepared by Gregor_y N. Blees, Office of the Budget Director Mar.ch 4, 1975 -z- w n o rt m c* cl ro � ' � ¢I N ►i •• W fD . ¢ . W N !-' F-' � ... .� v , l0 K�i � . u c� x � z n �y �. �• �. . o �' o '� m ' n n o a ; td r�r w m � !�u ;� .� -k v, � � n o '� � N• � a rr q 4+ �, 'v+ o in o w � � mu�i �C � m� - -- ---- �.�..�,. ,.�.�.m�. ' �, . �. �, ZD N l i j � I = 3 � � ` m � ro a � � K � G m �m� � � . . . ;� . : rhO � �' --- - -- ------- -------- ------------------ -•------! � ` F-'• tCS N x 7�D�- t----,- i-j-------- p � i . . � G m N o � � �o�e D O . . . . . . . . � �i ; O r~-r � O N . G _ . . . . . . _ . � N f �{- � � W � - -- 2 —�- - ----- — ' �c�3 y N —K - � `�° mao � z�N - ---- : : � : : : r-o : � `� b�u N � � � -c r N � . . �c c�D 4 � SL � N (D _ G_ � M . . . _ . (' . O t — �t D-- - '� -- -- - �y, ' � N � � � -ctqln � �' . . . ' � ; � W '� � O n o N . . . . . . . . . '� .. . � } i m o N � Y rt � � N � <02 p Z . . � ��.., i O O rt t-�• Z . . �. . � � ' i � N A�i b' tp� w�t�C1 � : . _ . L fi p f C'S' rt F� �' �JL G : O (D fD I�• —!-Z-$LI— G —;.'-- � z t rt o �,� N H _ . . I� � n O W t*,'rl M . . ._ , �_ . . F-C'• �-7 b" O O � 7°D.� • O' . . �. . . � � { , ��_. _��_— C7 O � �' 7c' �-o D � . . .. . . . . . . . . .. N. . . � , � � N ,°* .cD3 n . . .. . . i : y ' m . . . ._ _ �' i ' � b' � �' � Z�-N-- �- � O E � O � . . . . . . , � -cr�I M � I N . _ . . � . ct � =t 5`�D ( -�s . . _ . � � �, � v .. tn ' o-- —�-- �+t N C) 'D A N � � Z d r� � .. N � C -�O O , I � � rt t�t tif . . M ` r• � � n — �Co z 1 _ - i- �----- � � � � � r�a . : I I . w �n � fi O ZDN . . . .. . . .. . _ . . _ . _ ' � � ¢ � ( . � �� N � � R+ �t F'- � �' . N Ct . Prepared by - St. paul Office of Manpower P�.-ograms and Pl.anning Ricliard J. Thorpe, llirector Economic Co►�dit�ons and Trends The economic receAEion which is cctusing high unewployment nmtiocu�lly is having considereb2e imizact ugon Sr�int Pa�ul. This is evidenced by hiring freezes at the lar�er, moxe stable compd.niee, by layo£fs ae companiea which are more susceptf.ble to c�c7.ica1 even�e, and ind�ed, the recent layoff af 1000 workers from such a stable comp&ny as Contxol Data do4s not in�gire confidence that tl�is si.Cu�:tion caill soon revexse it�elf. Grented, thri.t due �� its diversified economy, Saint Puul ic� not as vulnerable to recession�ry forces es some cities w}zfch d�p�nd u�on sin�le large indcaatixfes such 8s steel nr autamobilea, etill the Iocsl Uuem- ploy�ent In�urance affice l�se a�er 10,000 setive claimants registered. This does n�t include those wteo h�ve exh�.usted their t�enefits nor those who iaere no� in , covered occugr�tions. . � � Dive�eification, while resulting in a sloaer rate of decline during a period � � of e�oner,dc recession is �lso res�angible for a slot�er rrzCe of r�rover.y; dur.�ing a period ef econamic grcwth. Therefore, while unemployment is expected to be lc7twer here than Che nation�zl uverage, it can be expected that a longer period of relatively high unempioyment m�y result becau�e of this diversifica�ion factor. CerCein energy relaLed factors are preaent in the SaiaC Paul ares which n�y further ir,tp�ct the he�l�h and well-being of the economy. The_ciCv is at the end t` uf Che nuCic,n�cl ene�F�y �U�;plv s�•secm. Thic� cou�led with the 7000+ degree-da �`� y f lieueing seauan and the increase ic� cost of he�a�in.� fuel, meane a corresponding C� E; decxeA�e in discretionr.ry i.ncc,me far rn�zny fnmilies. In nddition, th� aprawling nature o£ the 'l�in Citiec MetropalitAn area o£ which Saint Paul ie a part, the lacic ot viable transportation t�lternuriven to the privetie aut�, and the drsmstic t incredse in �soline � � prices, r,�y we11 reduce di�cretionaxy income £urther. These ` . f I � � � k i -3- � i factors may have an Adverse eftect upon this area greater than that proj� �14 for the nat3on. The i.nflation�ry apirttl occurri:�g nationuZly (at a current nationrzl rate of 11.5%) ia occurring in thia area at �bout the s�me rat�. The sigc�ificant . incre�ses in the coat o£ food �nd fuel have �.n impACt on the poor which is out of proportion to the impact on more effluectt menibers of society. Thus� it ,cean be staCed with som� degrce of accur�cy th�zt eggregate discre- tiar,�ry cpendin� w3I1 probrsbly decr�aae� tha� re�l ttArclahig wilt be impoaed an many of the poor And near poor, tand th€�t emplcl�men� opportuni�iea in thase occug�tione depenlent upon expenditure of di�cretf.oru�.ry income will be reduced. It would be s mistake eo �sesu�ue because the d�c�g�r of Eevere dia2ocerion in the economy due to tt�e fuel supply deficit h€�s nat yet come, that it ie p�gt. Tt msy well be tha� ttxis spra�rlin.g Metrogolitan Area with its severe winter cli.►n��te is in th� �►ost unenvS.�Ule posi.ti.on of �.ny m�jor populaaticin center in the ' United States, insofar as ener�y supplies and co�C6 are concerned. . � -4- . � � SAINT PAUL'S TAXABLE ASSESSED VALUATIGN FOR BUDGET YEAR PRE-REVALUATION CURRENT VALUATION NET CHANGE PERCENT CH�NGE 1967 240,656,000 (670,589,000) • 1968 218,834,000 (617,714,000) - 52;875,000 - 7.88 1969 222,553,000 (628,020,000) + 10,306,000 + 1.67 1970 227,580,000 (642,116,000) + 14,096,000 + 2,24 1971 260,973,000 (737,004,000) + 94,888,000 +14.78 1972 267,414,000 (755,035,000) + 18,031,000 + 2.45 1973 752,167,000 - 2,868,000 - 0.38 1974 752,471,000 . + 304,000 + 0.04 1975 760,626,000 + 8,155,000 + 1.07 NINE-YEAR TOTAL + 90,037,000 +13.43 AVERAGE ANNUAL INCREASE + 10,004,111 + 1.49 j 1C_u��,�N��u��'�� I ' . � � ' i � ! � ; _ j�—C !ra r:t� ±t�NS °`" } : . _ ... : _ __: . . __._. _ � __.._ __. __. _ .:y _ . ._. _ i 4 . � . _ . _ : _ __. . ._ i ( 7 6 o ( . . �,�._ � .. . - - ' . . , .^ i . . . _ _ I . . � ; -�s o - - -j-- . -�- - . -;- ----�_ _ . . . . : ' : ; � �t o . . i . . . . : : ; . : . . . . . . I _ . . ._ Y � �o . . . . . : __. . _ . : . . . : : � - . , � ZO . : . ; " . , . . . ._ ._ 1 � > > o � : _ � . : ' - � : . : : : :. : _ � :_:_ . ' : : : _ _ � i � • � _ _ � . 700 . _ . . . . . _ _ __ � . . � � _ . . ._ _ . . . . _ . _ 690 . . . . _ . . _ : __ . i . 1 . . --�-- --6 8 a- _--- -------r-, , : . . . . : . ._ . � . . . ._ _ : _ . ! _ 670 - - � � I � : � . . : : . : : I : I 660 . . l � . . . . . , . . . . . � : � - b s o ------ �----� — �.--_� __- : � , � : I 6 yo . . � . : ! . _ � 630 � � � I . . � : � i ---- _ -- �--:----=---� --- .. __ --�1- , - . + � 6ZO . . . � . . . � . . , . � I 6 I 0 � . . . . � _ . . ' _ . . i - . _6 0 0._� _ __._;__.�- : � -�------- ,-- — -------�----------}— � ! �_ ,,.._._., - ---- , --� ----�--- , - --- ._._.�.._.�..._ ; . � � 67. ` 6S I69 7p `] 1 �2 73. I7`! 7;5 , u E r, ( � ( k � � � I � � �. , _._CGC.I_Y__A_�_. -�--v°'.`e^A--..�+J�G--- ` oe _.�'.,x._,.�,£,o.,�_ '�4.t�'�d(.a,rca.�_ �o ,� n � i I i � I i I � 0 � �`�.`` ____�__— Prepar.ed by Grcgory Blee�, Of'fice of the Budgei: Dir.ector M;lrch 3, 1975 -5- „` �^+�./�L.�� e-._.. ' �:', •!�l ' � ....�. • ' , �\� 1'�.� \.'�.�';��`-~,��j,` , � . • �j.�il^•1�` ��`;��)� • 0 �{,^� �� • . .r731�{i�l��,��V'v-ic.`�i�:.�. . ' . STATE OF Mft�lNESOTA � � • • KEC�trct: 8• • • OEF'ARTMENT OF REVENUE �"��'�� tlk?�' :�i�i�.i0�� GEN7E:NN!l1L. OFFICE E3UILOING ” � SAI.NT PAUL. MINNESOTA 55145 Jy�}r (i. fu �� ! f']� y � � • � . � Uece�nber 30, i974 • � � � ' - � . . , . , • . . . , 6ent1 emen: . � � . � � � � � . . � . � .� � ; . . � . . . • . . � . ' .Representatives from the Department of Reven�e rP�ent?y ccm�leted meetfncs � ttith ccunty assessors througf;�ut the state. �ne of tl;e pur�oses of t�ese � mee�ing, rr�s tio discuss the ?evels cf assessment of r�ai orooert� �s r�- flected in t�e most recent sa3es ratio s�ud�es and to explor2 po;s'ibl� � :ccurses of action to bring the 1975 ass�ss;r,ents up to current ri�i•keL vai��ps, . . .� Tradit�io:��lly, the Oepartr�e7t of Revenue has� �as�d it�s recanmendatic�ns fcr � •. cha;�ges :�:a�� to bring t��e ievel of ussessment in�o line �;ith the zurr��nt � �� . marKet ��alu��s on the stat�'s sales ratio studi�s , h'o�r�ever, necause *h? - sales ratio sfiudy is based upon sales dating back over a three-year rerio�?, " � � it tras the opinion or nost assessors tnat the state 's sales ra�;o st�.:d}- � . presented a h�gher 3evel of assessment than �ctuail,y ex�sts. Thi; , c�f c�urse , is du� to the dramatically risinc prices being paid for almost a?1 fiyn�� af �real estate. Therefore, �he. sugges�ions a�e are. recorr^ending to be mad� -r"c�r - . Lhe 1975 assess�ent zre b3sed uoon currer,t availa5le d-3ta. This deoar�TL�I� � dnd assessors general]y �hrcughcut t1�e state agree t��at. the rarket va�un � ' `- � must be established on the basis of th� best current info „ ativn. • • • Regardless of the fact that there is curr�r:tly a five per�ent iim�it4ti�n �n � Yaluation increases on certain tvpes of cro�er�.y, ti:�e assess�r.s znd Ln2 boar.ds of review and eQUa7ization are still r�quire� by ]�w to v�l�� ]� • . property at one hunc+r�� p�rcent o` market va]Ge. ruture legislltiv� cnz�QeS . tn our property tax systrm c�u1d �e;�aiize a taxing �;st�ic� r�ot :�ssessz� at � � its current market value. , . , . � � ' � , �After having discuss?d the level of �s�essment ir�. �our di � � ' , stri,,t �rith �-�iUl' • � ' C o u�t y assessor an d a f ter havina car�r'ully ex�r,�ined tr� �a�est sa�?es r•at?o � � S:udies , it. is our belief th3t' �he fellowjr,q ir.L�•ezse; are �he mi��r^urn ` : necessary in the ger,eral valuation level of .ar�nerty �� ecual�ze� ��iithin y�ur � : . d�istrict, c�ur.ty, horc�er;r�a ceu��ies a�� ri; th �t�e ;tandar�s thrcugno�t �he � '�state. 'ThCS�� 3UgqeStlOn; a►�C mitlir�ai a,gr�a3te ir,creaSeS af1c3 3re r,Ct �� b� � ' •eons i�ere� as nece:,sar; i y ��c�F1 i cab;e to �a�h �arcei �r ±;pe e� �r;,��r;v �r � • ; � - � t�e li:nit of cnan;e.s to ;;�divi:�u�31 taxp� ers ir. � � . ' . �' • Y -q�al izi��g at ��a�k�c va i;��. . . s . , . � ' . �� fQUl1L OF'POF2l UNIT`f Eh!PLOYER � • � . •''.'-�•"sy -6- ' . . .��. The assessor should analyze his vaivation �to determine the increases to � applied to the various typ�s of property to effect equalization r�i �� urisdiction. thin h�s - • , , . ' • • . ' • ; • - � ' If you have quesfiions concerning these recQ�nmendafiions or disagree tivith these recom�nendations �; � � , e �•�i 11 b� happy to di scuss th� levels of assessment i�ii th f you. The �;ork of the assessor in tf�e 1975 assessr�nt should be given careful ` a�tention by the bo�rds of revie4•� and equalization. �fhen sugc�ested ir^orove- � . ments are nade a�; the loc�l level , no cf�anges ��i 11 be necessary at state � � equalization. These results are much more satisfactory than percentage in- " creases made by the state board of equalization. � ` . . . , l . .Yery truly yours , .. - � � ' . , , . ��•.� ,� . • r • . '• i � � •�,� �^� . . . - " f �� tt�V �=�_ ► . . � � ` � � . . - ART1itiR �C. ROE��S�R .. - .• ,' Conxnissioner of Revenue . . � � . � � � �� _. . � � � � � , � . ' . � ' .'- . � : + - � �. ACR�Lf{A/lmk . � .. �� . . . , .� . , . . � � � . � � � . -� � . � . . . . . • . . . . . . � . � . - . ; . . _ : _ - � - ' . . -. : + � • . . . , . • i • . . ' � . .. •r� . �. � • �' ' - . C ' . • , ' . • �� ' � " • ' � • A � , ' � � . . . � . � . . . Z {. .. • ' - . , �� ' � r� � l � • ' . ' � . . � � . � • \ • . . . • . •. �'..' �_. )�rl • �. • �r� � � . ' " • ' � •� `.� e . C p � , • . � . � �� s . . , ' � '� � • . ' ' 3_, en�p . • . . . , . � �n,� nr • �• • . • � � • • � � C.tl T • • . . .� _ ' . • , •• � � • ' . . . � r1 , . • • . � ' �7— , . ' A " • - REC(�TME?,fpATTOt�`SS FOR C}�AWGES TN T.EV�i.S OF' ASSESST3�.`NTS .}'O.T2 1975 � ; �_ "' � . . ' . • . . . ' , . • . � COUIIT'I R/�1�iSEY � � ' • �' • I�.SS�:;SOn WI LL I!'r"�1 E. C1IRLSO�y � ' •. {��TF,��7::;�� '3Y: �LPH A. P�1VEK • � ' •. A��: � OCTOCER 1 S � . . . ' , I9 j . . P�� ' �7 � �t��:�� Pt �•.�S � . . ;}�SS?;SS:'.`:i;'1 RESIDEN�AL � CGJ�`�?tERCIAL SEASOhdAL � �: 3�XsT�IC�r � R�-:1�� ., x�cftE�2�xoNa?, I�lDUS7R I Al. . ; . . . i . . ; � . . .�I E"....s��,�Ir ��n � . . ' ' .� � � . �SPf2I hG LAKE • � . � .� � .PA4K � , +25 . ' � , . � i . • • � . � • ��7. M1Ttia'�Y +1Q +20 � .. •• . �� • WFi]TF B�AR . . � • � •• . • •. - 1.1i}:E +3 0 -�2 0 . ' . . � . � . .__ .._ . . . . ... . .... . ... } . .. .,. _._..._. _. .._._..... - . . . _ . -_ .._ . �S�'. f'�.1�. . �-20 : � . Itv'DUST'RIA� •. . • +15 . . 'J�vVW � 1 • . " , • . .. . .. -,..._ . . : . 1� • ',.' . , _ . 1 � +30� , . . . . � �A�'ARD 2 ¢2$ • • • " :. . . . . e�:4RL� S � • +2 5 ' . �. , ' �. � : : • ; . . . . �RI'ARD 6 • +2 S � � . . . . . �: . ' . . � �� 7 ¢30 ' �• . • • . . " � . . � . . • . , 1��RD 8 +2S . ' . . . . . . . ' ' �i�zD 9 . +2S . . . • ��tRD 2 0 +3 0 • ' . �"•LRD11 � +2S • � � ' . • � . , `i;�'4RD 12 . .�2 S • , ' � . ,. • _�,� . .._._. _.._ � ._.__�. � _ _ _ � . . - _..a , .�. _�� _ . . ._.. .---._ --� --__�— . • `l�`i.�'�S'YI`Y�;k�»�'VIVAa�E'� �.,1�5�<u��k�!'�'�'� Ilk� 1V'��r�,� ��1��..kJ S.l�'1`{ ..... ' • issucd by , ' Minnesota Qep�rtment of Revenue � � ' � • Ccrttenniaf pfFicc E31dg.,St. Paut, P11N �5145 + •• � � . F�R A�Dt710NAL INFORMnTIOPd C/�LL (612) Z9G-5085 � • � Number 1 . � February 4 , 1975 ' I�� THIS ISSUE � �. d A reviet�� o� �ro�osed I975 1caa.Cl.af��.on draftecl� �he 2•t�nnesota �D2partment o�' P,evenue a.L�ectinq thc operations oi loca]. and courity governmen�. e.-. - - -- ...._..`_.......,.., � � Q l� �evie��yoL- zecommendations seL forth by the I�Iinneso�.a Tax Study _ �Commission for t-he 1975��s1at�-ve Sessiori. -°�°°° .-_�-._ --- . „ Q Lec�islat:ion proposed by the depai�r:tent of Revenue introduced as f'ouse F'ile i�o. 133 and ref_ezz-ed to the �iouse Coram�_fi:��e .on Taxes is described be].ow: I2�VIS�D ASSESSI�Ti�T I�'PEAL p3?OCF•.DURI;S • • ' Propo:cd is a bi].1 �o pror�ote a more orclez-ly a,s�ssment revieia and equalizati�r: p7C'aCC'aS . The bill ti�i�l prolliuit, pro�exty o;�:ner_s f-ror:1 appealing an assessment �o �he • cor,un5.ssiorcr o£ reve.lu� unless he first- made an aP�carance for tl:at purpose bef_oxe the countv boar-d. I,uri�herrnor_c, �i person tliat fail.s to appeal betore a local board of revie��r or er,uali.2ation, or fails t-o apPly for_ a �r�va.ew o� trie assessr�ent, �,�i 11 not be Permitted to appea) to tlie county }�oazd. If an assessment ��ras ma�e after the r.le�t:ing of tlie local board, an appe��l �•rill be al.1o;,��c1 to the coun�y l�oarcl. Ttle county assessor k�u�� be requiz�d to fi�: a ciay �-�nd time �•ahen each 1oca1 board mects . The bill is to be effective t2ie day a£ter a.ts f:�.nal enact-r�ent. C�RTIFTCl�TI0P1 OF ASSISTT.�dT ASS�SSOFS . ' . � ' _ . A bill is proposed �o r_equire the certification oF persons regularly eMployed by an assessoz to assist in valuing and classifyir�g propezty for assessmei�t pur_poses , A person ass�sti�ig the assessor t��ould be required to be certii'ied 4ritlli.n three ��e_��a��r�s� tro�his dai:e of er.lployi:�eni: or ��assage of the }�Ri11 , t:nichever i.� ta�.er.� `' � ' � � at o�ecl legi��a,.ion also raizts c1ll�lOr1.2�• .t.:s� )_' '� C C �- . 9 �t�,on f:o the state board of �:ssessor_s to est�].is}� at its discretion aif.fereilt levels of certification t�'r local �.nd county �-�ssessors . The ceztific<�tic�n levcl of an as��ssor F�ould depend on the cl.asses of property he is qu�-:li£ied to as�ess . T}l� bxJ�l t•�ould be efFectS.vc the day ��11o�,ti•ing a.ts final enactment. - • : . � . . . ' � � , ......_. _ ' �i , –9– . � • -- �10 INfUftf,S f'ROPCRTY 1`AX A[)h11(J(S1"ftl\TUftS pfJ TNf: nCVFLnf'f:1CN7 !tN[� PROGr,r.ss Of' l[GI`.'�,f/�'1�7�J . • , �2^ . CLI�SSII'ICnTION C1311NGLS IN EVI:N—NUISI3LP.EU YE11F.S . Legislai:ion is proposed to• pernit the assessor to chane�e the �c].assi'�Y� n of a propert�► in evcn-numt�erecl yeazs . A classi.fication chanqe would be � � ' ax�.owed for parcels of real estate incorrcctly classified, or where the usage clas� chane�ed, since' a previous •assessment. The bill is to become e�fectivc for all assessments made in all even-nuri.bered years after � December 3]., 1974 . . 11BOLISH DUTIES TO COLLECT I�GRICULTURI�L STIITISTICS `. • Proposed is legislation to elimina�e the requirement that local and eouni:y assessoxs collect ai�d compile agricultural sta�ista.cs for• the commissioi�er of ae�riculture. At present, assessors axe required to supp�.y the data ai: l.east once in tcvo years on forr�s prescribed by the commissioner. The bill is effective the day fal.locaing. �its final enactment. GROSS EI�F.IITI�IGS T1Ut ON OtiTD00R ADVERTISING CO?•iPl�*iIT:S _ A pr.oposal is introduced to reMOVe outdoor advertising signs froM t}ie proper�y tax base. In i�s place a five percent gross earnir.r,s �ax is to be irlposed on outdoor advertising co:�panies . The commissioner of revenue is to collect the ��x znd cred�_t ii: to the r,eneral funcl. The commissioner will be res��c�izsiblc for cor.^.Fu�ing �the ta�c �rom each taxing d�_strict and distribu�zng the amount to countic.s . The county auditor is to ttien apport�_on the proceecls from the ta� arnong the �axing districts within the county �.n porportior. to ciistribution of pronerty ta�:es . The bill is to be effective the aay aff:er final enactr,ier.t. � • APPOII:Tt��EI�T OF SF�CIAL BOI�P.DS OF REVIEW OR EQUALI ZATIO:d �Propo�ed is a bill te perr,�it local and county boards of review or equalization to appQint a special board of revie�•:. The local. or county board will be able �o de2egate all o� its powers and duties to t�ie speci.al boarcl of review. � `1.'he . spec�al board is to serve at the clir_ection anc? discretion of the appoi.nting boar.0 anci is subject to the same restrictions 1ML�OS�C: on the � appointing Uourd by laor. The local or county bcarci is to deterr�ine the _ number of rn�r,.bers aPpointeci to the speca.al board, tne conpensation and expenses paici, and tlae terM of office of eacl� mer�.}�er. l�t least one r„erber is rec�tlirecl ta be an ap�raiser, realtor or other person familiar witti pxoperty values in a locality . The county `auc?itor is ta serve as a nonvoting ' member �znd recorc:er of a special board aPpointed by the county board. The legislaL-ion is schedulecl to be effective the day after its final enactment. ❑ Proposed legislation by tlie de�arttr,ent of Revenue introduced as Iiouse File No. 13G and reterred to ttie Iiouse Committee on Taxes is as follow� : � r DAT� CI1112�GE IN PI�Y1•�NT 07' AGRICULTURJ�L I�III ' • Proposed is a bill to change the second half paymenti da+�� t the 8 . 3 mill � . ' � , � , . . . -io= • , . �3` . ..�.. agraca�J�Lua-a1 scriaol <�ic1 f.rom Octo}�cr 31 to 2lover,�l�er 15 . The fS.r.st hal� I�Zy=r.,�;�t :;.� rr,�cle o2z Ju1.y ].5t1� i�o coin�ic?e taitl� L•he L�.r,t installm��z't of ' . attaclir.c; r.;��clli:�exy aici to. scliool districts , Tlie seconcl half t�aymen� dat� �of Octobcr �il�t for ac�riculi:uraJ. a�d, k�o;•�c�vc�r_ , c�oes not coinc�.ue S��iU� the • . distz�.bu�:ion o` �;n;f other a�_a. 7•he �hS_ft in L-he c?at-e to No��emJ�er 15th .wz1J. at lcast pex7;�iL• consolic;ation of_ thc aicl nayrnent ��ith the second hal.f installment o;z attached m�chinezy aid, The bi,11 will be effeci:a.ve t}lc day atter final ei:actrr.cr.ta . STATE PI�XI•;E:��T OI' FiO;�;��T�11D CRI:DIT TO T11�IJ�IG DISTRSCTS . A b,�ll a�s ro ased to �' t � • ` P P �ezr�1� t.ze c.cp�r_tr-,ent of revenue to mal:e direct �payrr,eni� of the hcr�estead. cr_edit aici to ta;;incr cl�,tricts withi.n. ` coun�:ies . T�, pres�n 4. ti�e l7oTM:e�te��d credit a�_d i� paicl to the county {:reasurer. �•:ho is res��ox�siale ;or di�tr_ibutil�g the aia to ta::ing c?is�ric�s . Proposed •1ec�?slation �•,Ti11 also r_ecruire certi.fica��on ot the homestead credi� be made par_t o` tlze I��s�ract of Tax Lzs ' t filcc� by the counL-y auditar rathex �:han a sen�r_ute ccrt�ficatio,� on foi-r,ls prescribed by the commissioner of rever.ue . The l�il1 also provi�es th� co�:�r,issioner o� xevenue to r�al;e I�ayr;er.� o� the crecii� rather �than the sLaf�e auda.tor �o CUnforr� with curr_cnt ac;�ir.ist:r�-�tiv.� pr4ctices . T}ie bil�.s are to be e££ective the clay a�ter fir.al enact.rien�. . FILI:;G C'Iir�ilGr FOR I:SSESS?•��J;T 1�.�S'i'�.IjCT5 ' ' " Lega.sla�ion �.s �zonosed f�o e�rant ��c cor.�*�issior.er. oF revenue aut-hority f�o elima.nate t�ic; filing recruiz-et:�:n� ior an �,t�s�:ract o� asses�ment of r_e�l and per_sonal propexty on August 1 in oc�d nur.�bel:ec� years . Prese�ltly abstract of assessr;ent is requircd to l�e filed on or l�eS'ore August lstnof each ye�r_ , but r'.u� �o f.tie c?i�zni�ned valu4 of nrsonal is unneccssazy . 'I'1�e b5.17. ��.i?1 also eliminate tize need Por�'the}�caun�yfil�nc� • auda.tor Lo sui�i:�iL- a copy of �he abs�raci� of i.a�: l�st to the sta�e auciitor. �'he. provisions of- the proposed bi11 are �art of curren� procedures . The ba.�.l is effccti.ve the dzy a��er its. fii7al cnactnent. . , DxSTRII3L'TIOIZ D11TE FOR �Z1`�TLP.OAD TACONTTE GROSS �n12�1IA'GS TAYES . • 1� bill is proposed to provicie for the distribution of railroad taconi�e gross earni.izgs ta�;es to local ta:tir.q c?isL-ricts on or before ttarch ].5th and Se��ter.nc�r 15th each ycar. `!`}ie distributzon of i.lie taxes is to be made by f:he co;r.r.iissionez: of rev�nue rat}:er than the state treasurer. , a procec:ure tha� is follo;•�ed in actual nracticc . Disbur�,err.ent c?��f:es of the tax are not currently sr�ecific�d, l�ut ;iavc been rade as soon a� possil�le aftcr the collec�ion d��tes o� t�axch 1sL- and Septerr!�er_ lst. '1�21e pro��osed bill will F�cx-mi� �ie aac� to be p��icZ on the sarae c3ates as tlie local governn:ent aid a � biJ.l is to be effec�.�ve the d��y after its final enac�mc�nt. . P lment. `1'h� , . b11TES S1:T 1'nI2 7'11CO��ITE P�:011UCTIOi� Tl�.,. I'i�YIS�:N'� NJU 11ID5 . ' .' ' • � b�11 to ��roz•�c1e for an h�r�.X 15i�}�� col�cction c]ate for t�-�conite rocluci:ion �axc��; �� i.»txoclt,cec, . I�clatecl bil.�..� *_o��.ic.c thri� i_!lc ta>: Proc�ecl.;pbe , � , , clistri4�u;:cc:1 on t�tay 15th to t��-�y t�cal�it-c �»'oc]uct�ic�ri tax ai.c3, ai�c3 .tlir_ L-�ZCOnite • -ii- ' . `�M . . . , �r_ocluct�.on tax county r.oad ancl br�.cic�c fL111C� �id . PaymenL of thc �.acona.tc produci:ion taxes ar.c rcqui�cd on or before ;•;ay I.st � bu� have cu�tomarzly been paid on ;`axch 1�� at�d �iic aic3� c?i�Lra.t�utecl �oon aftcr on t•Iarcli 15th . No �zyr;�ent clay �or �he �ic:� is s��cci�icci in t�ie la�•� at �resent . The proposc�d bi�la Z�rovi.de �or tlze cor,�.:nis�:�onc:r Q� reventie to . ma};e r�ayr�en� � �� o� L-he aids rai�hcr_ than the '��t�te trc�surer_ , a pr�cedurc now done i_n actual. px�actice. The sexies of U� l�s 1re sclz'eciuled Lo be ef�ective th� day aft:er final enaci�n:enL- . • � SHIF7.' Iri TACOPI7TL'' 2•:LTir�ICIP�'LL 11ID PI�Y1•I�T7T � � ' � . . . � Legis�ation �.o sliif� th� payment of- tacen�_te rnt�nicipal �aid fzom August 15 to S�pi:eiTwer_ 15 a.s a.nts-oc�uced. A shift o� the ��ayrnen� date of . � fieptcr;��e� �.5 wil� perm�t the a�.d �.o k�e paid �•:itlz �he .local qovcrr.r.^,�1�t �id d�.sbiirsement. The pr_opos��]. px�o��icies f:he cor�,�i.�sioilcr of revenue to dist�-ibut� ::he aid �nst��ad o� i:h� st�t�e auc�iitor. The ba.�? is to be effec�.ive the day aftcr finaJ. enactMent. T11CONZ2'E OCCUPI�TlON TAX I�Ill DrT� ESTf�BLISIi�D • Prai�osed is a ba.11. to est�bli�li Ju1.y 15t1i foi tlie payment o� taconAte r?ccupzf�zon tax aa_cis . At present a payi�ent date is not set }�y 1ut��, hut �he ai�:s Iiavc b4�n t�raciit�_onally paic' �n the firsL par.� of July . The proposec? e3�.tc of payr;cn� coincices �-ritll the �7uly 15th di:�tr�bu�.iori :o� local gover_nr�:en� �iu.s . The 1e;�_>lation �.� Praz�o�>ed �).so provides thdt aid ac?jus�r,�en�.s for prioz ye�,r_s be i;:ade cn July 15 ins�ead of t}zroughaufi t}ie year_ . `i'lie tacon�te occupatio:� t.a�: aid is to l�e paicl by �:he com�.�iss�_oi�er of revenue ra�her_ than thc stai�c t�:easurer, a practice alr_cady bcir.g �ollowed. The bill is to be e�fe�tive �he date after f_ina]. �nactr:ent. T.:J Leg�sl.atio:� pzoposed Uy �he dcpartnen{: of Revenue and schec?uled f_or possib�.e in�.zoc�uction by the 1.975 Legislu�ive Session ai� a later day a.s exp�.ained bclo;•;: • . SHTFT IN PAYAiENT OF A10I3ILE HOf�_E TA:��S . � ' A bzll is t�o be proposed to shift the dtZe date f_or the payment o�` taxes on n:ob�.�e lio:;:es con�titutir.g c:lass 2a propc:zty . `z'he assessor is to value niobile hor.;es constitutin, cla�s 2a prepe�-ty ear.h year with reference to the�r value on 3anuar}� 2nd of that year. A notice is to be mailed �o the person assessecl at least ten days prior to the r.:eeting of the local baard, ar�c� a.s to contain t�ic naxket value of_ i�he r�obi�l.e �lo::�e, tlle as.sessar' s off�_ce adc]�-e�s , ancl t};e scheduJ_e oL local anc� cour.ty bo�rcl rneetings . On or be�or� �Zc"i}' �.r ��1C` c"iSSC;SOr' 1S t:0 tZ'�1I1STllt:. �;1C assessment boo!:s �OZ t.}1e riobi.le homes to t�ie auc.itor. 2'hc coi�nty auditoz is �o deterraine the tax due by appl.yirlg LY�e prececi�rzg year mil_l rate, ttzen transmii: a.r to tlic treasurer_ not la�c.: L:�an !•:�y 15 . . . � . � ' , , , . . The count;� i:i�e��:�urer i, to mz�.1. a st�t.cr�ent� of t11e tax clue nGt: later �llan Ju1y 1 . The ta:� is L-o be due ailcl payak�].e oa� tlle �.�ist day �.n J'u�y . Uni�aid . ,,,.....�._.___ A • • • � � � :��r ,, ..; : -12- .;.::�; -,,��;, • ._5� iaxes •�cre �o hc C011�zclercc3 C�CJ_].11C11_1CIla: ililC� a Pen<tlty of. eig�i� Z�ercent �.� t,o ' ' }�e irnl�osecl, 0» I�ugusi: lOtl� , t:}ie t1:ea.ui:er is to �n�;}:e a list� of ur� ici , taxe� aricc cez-ti£y it t-o 4�Ilc• rler_}; ot dist.ric�. couzi� �•�ho sli��.)_ i:s��fc� ��.. to tiie shez-iff for collcci��_on . In ca;� t}�e local. or GOUII{�y r,o�zrcl c:��i: � � ' ; �he asse�sor 's value on thc ��o1�il.e horne, or. at' it is cnt�itlecl to a p�rt;ial Ziomesteacl, tlie auuitor is tn irnmec:�ateJ.y recor:;put�c tile ta:c anc? aclvi�c tne treasurer of_ the c:i4nc�c. Tlie e�fectivc clate o� the bill. i.s the c:<zy a.�tcr its £inal. enactment. • . . CUTOl��' D11TE FOI2 SPFCII�I, C�i1SUS1?S Ztd L}��'Y LZI�;I:2'1!'1'IOi7S ' ' ' 11 bill �:ill be introc:uced to esta'�la.sh Octo'.�er. 1. as a cutof:f c?ate for �Ize �.i�e oL- special fec?eral anc? st�ztc� ecnst�ses in t}ic� dc�ter.r�11.T1c;�ion o� levy l.i_n�it�atioi:s . The present laca docs nof. �ro-v�.�le �oz a , f:i.na1 aate . The �.r�v�_es ier_ t.ax�r,g c1i�t�r�.ets �r.e recruizecl to Ue cer+;.ifzecl to the coun��l ��uditor by Octo'�er lOth, �-�nc? lev�.� 1ir.u_t��ion: set �rior to tiiat ciate by thc depar.tr.�er_t oi Leve�lue . The c�a�.c o� Oct:ober 1 as ��. cutoff: for si�ec�a]. � c�nsuses is to ensure the t��;�1.y alid final cer_ti;ication o� lev�f �.amitations to caL�.�ty aucii.�or� pr?.or f�o the Octob��- lp�h cieadline. The �iil�. is i.o be , e�fec�ivc the d�:,y fo].loc��ir.g the fa.nal enactmen�. � Q The ?dinne�ota �'��Y. ::'cudy Cc,.�tission mace a nur�.bcr of recor,��r�^r.ci��{:ions to ttr� J_975 I,eqislaf;ul-e on i:he prc��erty ta:: st�ructure 4nd ac�.r�a.r.z�t��aLio�z a I� brze"f c?escr_i��.ien f:ollo;.s oL- tne recor.::;;�nclatic�ns �-�dot tec; by t�-te 'i'ax Study C'�runi�si.cn for C0I1S1C�C'.x�t.].O?: c1T1C� po��S.l�le lec;i.s].ative introc�uc�ion. ��:r�LZrzcz��rxo�a or cz�ssxFic��2�zo:�� sxs�c?�:r�. � . 1'he TGx. Study Con,rliss�_on pro�osec� a revised classification �tructure to xecluce the nur.i�er cf pr_oper.ty c1C.1JJCJ . �'he pr.o�o��zl pi-ovic;es L-or a ti.�Fe ty��e propel-f�y classific�tion s�lstcrn. Pr.o�er�ics on i�hc assessi^ent rolls t��au?.d be oii �t� either SO percent, 90 perceni:, or 100 percent of the �sses,�oz' s est;inzated J:�arket value . Thc present and pro�o�cd proper�y classificution si_r.uct.ure, plus the ne� cllang� in estir,�a�ec: taxe� paid �are as f:olloU.s : C�.assification . Preserzt �'roposed . Net Chinge . . ' . � a.n Ta>:es i�7on-11g. IIc�mestead: � . . . . . Hon�est�ad � $12 , 000 25� ' � � . 50b . ' Fion�estead � $12, OGO A0� � . 90� r�q. IIor.tes;eac� : • � --5 .50 Homestead � $1?_, 000 20$ 50b �IOIT1CStead � $12, 000 33� � 90� ?:an--IIor„e�fi.ead I'e's . . . . ., �10� ':. . . . � 90� . � �.. �.$ . P:on--IIamesi:cad hg. � � 33v � 902 , � 0�.0� T�al:esliorc . • ' 33� 90� . O .l.� . Cornmer.ciz�. , �nc1u^tii��l. �nd �'u�lic U47.1.��ies 432 a.002 .0 . �.� . • • -13- • �'jlC 1.i1)"C,�CS{: :I.11CZ'Cc�:�C'.i J.I1 C�.i1 i�J: LLCc1t].021 L^ilt:],OS OCCIIr �.11 ��il'ITl P�"O��CX�X.C'S � bui:- thc��e arc� tc� k�e ��ul�:, t��ntz��]_ly of:f:>ct � l�y inerr.a,>ed st��:e ac�r.icu.l.tural . aicl pa��neni�.s . �'lic Co��un� s:�.on ��-opo�cd ;}�ecial pr.ovi:�ion� l�e r��ide �ar. . cert�lin pi�p��rf�y cla�:��. Z�_c�f�zo�z �;ucl� �z�y �l'itle IZ JIou��.ncr, and Clas� 3cc (bla�tid and p��raplegic veL�rans) ��zr.oug}i ;pec�_al ta:: creclits or ci�.zec� c�rants . � . LNCR1:nST't� C�:ILIrIG 021 IIUt•3;ST3�I�ll CLL�JJ�I'':CCI1`I'ION � Che T��z� Stud�� Co:�*�i��ion rer.or�r.,encled a proposal to i.ncrea�� the $1?_ ,000 ::��,l�.nc3 on the �1C::lcstc�acl clas:ifzc�:�ion to }:ecp ��acc �aith thc znL-iation in � iome values . Tlicre i� �o k�� a ��'J_10C�1C a.ncr_casc i�1 f�he honlc;tc�zd • :�.a,aiiication eeil�.�n�J deF�enc3inc� ori tlie inflation rate in the liousinc� m��r}:e� .L �he .p�:oposal is acioptccl. . . � • . , 'IP.CGIT L'F-T11I;)�R k'r.OPk:P.`1'Y T11�� P.E7�TEI' P7.,I�I1 . � pro�>osz2 set ror�li k�y tlze Ta;c St11G11 Corili{�_JC>�.o:� is to p2:ov'ic?e pr_opc�x�:� ��;; e�ic�� {.11�Ot:��l� a circiii"c brea?�cr_ pr_ograra, The czrcui� brea}:cr is a state �.naiacec� pro��cr_ty L•ax rclief }�roc�ra;a in �:thich ��l.e st.at�e gr�znis an �_nco:�n tar. r.e�?5.�: ar 7-ci�u;.e fo�.- i:li�li: l�o�-'�ion or Lhe t�ti C07:��_c�c%ed e}:ccssi�rc ii� :elat�on o ho�se�ioid �.nco;;�e . 7'hc� ��.-�i�osa� gc:L-� its nam� �a-arn �zr. elecL-ra.cal c�e�.�a_ce �at c�ts ofr e�ectrir.�_;y �•,l:er. the circui� is over?eaded. Ci.rctxit �re�.�:er rox�c�z:ty ta:� re�.xci' �uts a_n �•�he�: the pzoL�exty t4>; burc:en, or rent ec;tu_va1_el�t, �acl�es a Z�c�xGe�z�«ge o£ f�n�.ly incor,� th�.t the st�te consic?�rs an "over]_oud" . i 2ii'nnesota, tae huve a forr,� �L- the ci_rcui� brea}:er c:otzce�G for the _c�zior :ti�.cri or thc: di_s�ti>>lec� person c-;itli ,�n irlco�;e l�ss than $60U0 . If- ela.cibl�, poxi.ion of. ti�e p�on��'�y i:a:� pa�d , or r�T�L equivaJ.�nt (20 percer:� of rent 11:Ci} � �:; 1C'i.U?"7?EC� LO �.lC c��S4Z)�.C'CZ �?`I'S0� U1` Se11J_Ol" C1,t].ZeI1 c:5 �ri 1riCp:�,�? 't�;: •ec�it or_ xe�a�.e . Tlie arr.ot�nt- o� the credzt or rcl�ate c�ecliries as hou�chold �co��e :ilicrcG�es, and not i�ore t3zan $B00 oi� the }�r_operty t�x is consiclered fo: e. cx-ec�i t. . • ' �er_ tI�e �7roposed ci.rcuit brea};er of i:he Commission, property �ax re�ief t-�ill_ PZO`�'1.CiEC� c111 �0;�7 c."iI�c3 1�11CC�le �.nco:.^.e r10?'.1�0::=ner; � ic�ZP1CY'S c�.l')C� z'enters � . gai-c3less of �o� a T��e an:ou:��. o{ ��o_�ert:y ta�; z��l.ie� �•�ill depend on �he - ].�ti.olashi,� be��,-�en pro�erty t,u:tes paid and family incor;e . The cixcuit �alcer plan i� to he iiz aadition to e�;isting tav reli.ef pr_og��ns . T�1P_ Zct ci.rcuit br_eal;cx ��lai� to Ue acioptec� deper�ds on. ho�-r ittuch revenue is ail�le to t}ie Legxslature. • � . . . . , �EpL•'I�L O:J �'IVF: PERCEIvT LZI•SI`:'ED .V1�LLT • • . '�� Tax Study Co:;r.�i�>ioJi x'C'C�T:UIICI�CI5 i.he five percent limited v�zlue be r��G��-�d . zi: a.s pr.o}�o�ecl t}�e five percer�� 1.init l�e replacec3 with a 20 �►� rccnt �.imit �IZ r�ar}:ct V�1�l:c incr_eases for aJJCSSment pur�oses , based on '�h�. �n�sL r.ecerlt unlimitcc? value , tor 1975 and 19 �G . 1lfter ].97G L-he de cr►i.t:ed value is to be cer,�nletely climinat�d, and i�he m1r}:et value criter_i� �p(� �icd to ��1,1 �»-opczt�y not s��eGiL-ically exer,i�ted b� �tat-u�c . . . � . . � �w�IZOVEI�1J;i1T II1 S?�I�� RI�`I'In .S7'[�1)II�S • � � . . . . �I'C�C1.' t:0 CIl(iil�C t:tlilt: cl�;iC:>SIl1CIl�:.�'i i]��I�XOi1C�1 ma�-l:C'.t: V�I�.L1C� t:.�1C Commi.s�lOI7 �O;C`l.l f:�l�.C� l:Z1tJ:.0 S�:L1C�1C; ��C llll�))"OVCC� i111C1 �)I'0�1C�CIICCI� 1T1C1 t:}lll� t}1C ��1�.CS ' -14- � - � t »7 _ . ratio:s, k��li;}ZCC1 by thc cic�.zr_t�;,c11t oL r_even�e be a].lo��ect �; �.eg�11 evid�nce • zn c�t:�:t. To aclZicvc 5.r�;�r.�vcr] s�iles r.�-�l:ic� stt?c��cs r�nci e��ual.zzai:ion �)I"OCCC�l1YCS , �2C Cnfiiil:tSSlUI1 YC'.COJ;U':C:T�(Zc ��'1T1 UT]CZ.a:,:i1�1CC�{ 2'C�C�;1"Ctl SGCt1011 bc� c��c"1�J�.1�}1ec1 � in tllc dcpartr,c�nt of- xevenuc to �•;orl, clir_cct.ly wi.tl� the co,,:.ni��_olz^r of- ' '' S"C.'VGI�UC' J�I7 i�nPr.�v�71C� t}I� S��if:C�v1C�C.`. �1Ulil� ll_L:.it��'l{:101� Of' t:}1C'. i�l"U_�CI:t:�� iX. :rlla.:� f�ci}; �.-ese�:�-c1� U117.� .'�S 1:0 }�G C��.VLJI •i:�lE' ZC:2T1].l"l`..��7'c?t:�.VC c�U�i101:lt�� neeessary ' to imi.��en�:ent cli�ncJcs recoru�enc?cd hy i.lic cor,unzs�ionc.� o£ revenuG . � COi'�iSSS]"O��i;I� `I'0 LQt�1:L77.E TI�X LF'VI�S • � . • ' . .. ��'O uCCO11i1.�].1Sh e�fualiz�.tion, tlle co?�r��ssiox� reco:^^;�riC�5 {��1C cor-s�issioner of S=C?VCI11?G � sitting �?S �}1C :�i:v.f.C' �JO�YC� Of C'_CjL11�1'I,ut:1_U:1 <"111C7 2"C'.�'1C't�'� be ernpc:��x'('C� t:.0 al�_ocate tc��: a_C;V].E`.^� d1�lOr1C.J overlcZPl�l)1CJ ��>>;c:i5}::C'Il'Vi. �L1�13C':�.C�IUl'lS . rl'�1C3 purpo:.iC� OL• �]C 7:CC0;1.`."��]"1L'1cii:1C�:1 15 �O ii�;�.{: G':;t:.Z'�l—�CC�� :1X ��Zl.ft.i t�:�it: �'C�::LIl{� �Z"O:il US1G'C�U��. ciS�C'.S�:P.1G'1lt ��7'c1C:�;.�_CG'.i c�i�;C'i1C3 c3:�5C_-'SSI;:t�,I1t. �L!x1SC�{3 C.t:ipI1S and pzo�crty C�c1SaG'S c•�ith ove�].apt��i:ct :.�x lev:�c� . . � . , UPGPJ1llII�G Ol� �5S1',S:OR' S SnLT�R�.' �`u�D DUTIF.S � . . �1�. F12� �ffp?-t t0 �UX'�1�1' U'y��Y_'i.lC?G' f:I1L' as�es�C>��a 0�11Cr' � �Yl�^-, CO�.`.i��1�51011 j7,'=CZ�OSE�U t�lG' aallltlal P'11I1?-I:?�?I'tl �t�µ� O� c? CUUil{:� Ol' C1.��/ ciS�+CS�O�" �C x'c`i].SCCl �O fi�.�' �� . �1'�1G CCTIL�I.S:i1QT1 c��.SO �C'CU]^�::C':1CiE::� '��"lt'_ c:7SCSSOL'� i Q��.CC OI:�x' ��1?`OJ";�: Citl{:1�.�� C�.].Y_'C'_C't".�.�� IG'�.c�.t:CCi �:O ��ZC: iiT�j,I'i.i?:S��. c?I:C: c SSC::;Si't�T1i. Of: 1�r_o}�c!_ty� 11"1CL11Cil)�C7 t.::C.' �athcr.iT:� c111:1 }�CC,�wI1C� Of C�c`lt:c`i c31:G �1�'�S I1CGC.�^-.C� LO }�L1�SU� �:7C C;tzties . ill adda:�::�on, i.t is }.�:'onoscc� �ha�. �ncxeuses in ��le asscs�or' s ef�ice Uuage;� not be s��ject �.o tlie le;�= �zJni��a . � - . . . , . ;; . . '\ . , . . , , , • . , . . .. • -15- . . ' ,�,�.,,_ � _��T� �,._..i. N N 1.> �J P�t�. r. �.� r� �_� �. �..� �_. �.. �. �.,, � � �,. '._. �.. r, �� t� y.. �_, �.. �_. ra �� t, f. 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Ci�W �O�l ln W � cp �� (p `J O� r '.f) N n C�• l) CJ C7 l�l G; C�? �O l� N 4� 1.'1 �-• v� G� IJ �I ,.J W l� C7 J� Vt UI.�ll> '-)•• ��, h,•�J .� VI .�l.v n IJ ll� C� r-' r-' lJ t�) �O ln O T Vl p 'J �l �.l Vl Ul N W C) �� O '�I U:A C� Cl C7 %� 7 �J • {h ' N O fA p O c,+t�� O� fo W W O cs r-� •cT r� r rn F• �l .� rn b� W O l,n'• v u •• V � �� q n 'd '1 H w �-� �.i t..W .F. a O r� rt O O (D N 7 F-� l.� r-� C�V� r-� �J r• r.� lr� (�) U� G� O d> N C')�:� t,) J.. .�`lJ l.� l�) <.�W W C/I c7 V� r' •• G'O htl P. W 7 IJ �l �J O O N lJ��l CJ Vl 1il W ��J (q N �O :n(i) CJ r r V CT�(r) �I fJ W �I a�W , O C].l-+• �p . . . . . . . . . . . . . . . . o m m n .� i � O CJ U�V�U� C] fl �li C7�.n n C� O �.1 1n O O p V V C) N N ln �.i V l�� ln �.) U N N p y n r� Y• � UqOqUCJOOUOCJOC� lnOU00 V�tnpintncjln (�irJOV� OtnV� tt r�• � r{ O tr1 O O N A " ri o Gl.i. :�� 'J J' � J M m n N -V) O. 1 v fJ lJ ' [A G7 N F-' H F-' t•r-a F-. F. Y 1-� r• �_. N v , N r r� N N l,� w w w -R �n ln v� ln rn rn V�� l �o f� O `-' fo t.� J��• -P ln V� p ��j v �'+ O � 1-� in .-+ cn r.� cn r� v o to�n c:,� �, ° ° ° ° ° r� ° ; � „��i>>�-.°O��°.�L��.,�i�N��°U l„,;,�., O ��,�-� O� r �� F-� � a�� V V O� .�'•�[� �� 7 G� Cu C�C�-� L� �i:r �� f�) ril �,� C. :� C.i•.� �� !�C:�i i-� cn �.i ri�(.� l�i 4i tr> {� ri C') � fl W V� 1`l.) Cl �J V� t:J Y-+ h�' t.> U �l 11t IJ rJ Ll �\I V� �l O. •J G)VI CJ� [ Vi f•f�J .1�W C��Vt �.1 r+ �J : ri N �f O� r� m C7 C� n�y • ° ° ° ° " • N H l.) C�'1 Cf�l.> l.) C� C� 1�' O� U �I f� C�') Vi r-• ln l.J l� �1 C� t�.l Ch Cn Cn O�`.1 C� �'S Vl fn �) Cl �' l.� �-� C�ln r-' V 1-' r' l:i f.) fJ� C) (� fi� IJ t"J �f� t.� !-� i`W l.) W l:�l.) W Cn C�U� C� !D W J t•J �I N CJ C�J tJ VI �.1 l,j VI l/l l�J t�] Us I•� �� (!� �:) C � ' �� -1 fJ.l.) ^..1 . � . . . . . . . . ' ' ' ' - - - - - -� 1.) W �l A w rn it � - rrepareu Marcn 3, t�i� � " � Dept, of rinance & . ' Mgmt. Services CITY Or SAINT PAUL ]3UDGET R�VI SI ONS i�P.Oi� CUNTINGLNT RLSrRV� - GT:Id�RAL Year of 1974 Appropriation $1,7"10,602.00 Supplemental Budget 12/20/74� 1�546,67_3.8�+ Total Available $3,317,225.84 Council Transfers Cour►ci1 Descripti.on Resol.ution Amount � Memori.al Day O�servance � 263184 $ 1,200.00 Plan Exami�zatioti 263314� 10,755.00 h'ealth Clinics Contribution 263561 79,000.00 Civic Organizations Contribution 263585 209000.00 Alayar's Adrni.nis t-ra t ion 263627 14,000.00 Public Works - Chassis wi_th Compactor Body 263683 110,622.00 City Administr_ator 263928 4,800.00 Civic OrgZnization Contri_bution 263939 4,800.00 Como Zoo Bear Grotto 2Ei3954 6,000.00 Lake Pi�alen San��ling Program ?_64003 8,OOU.00 Civil Service 264004 27,533.00 ri7-e St.ation Maintenance Diviszon ?_6�+Q27 3,915.00 Comnraciity Servi.ces - L�dministration 264U28 6,000.00 llcco�•.nting and Auditing 264089 5,000.00 Building Trades - Fringe �enefits 264272 21,000.00 Labor Negotiar_or 264411 10,287.75 Sal_a•ry Adji�stn��nt 264430 1,070,620.00 Metro Sewer Board 264431 1,150.00 Refunds and Repayments 264433 10,000,00 Police �3and Lxpense 264320 3,000.00 Munici.pal Court 2G45II9 8,510.00 City Pl.an:�ing 26459Q 28,700.00 llepartment of I'inance & M�m�. Services 264591 14,780.00 Department of Public Works 264592 185,735,00 Depai-tment of Con,munity Services 264593 38,500.00 Deparrment �t Police 264594 57,840,00 bepar.tmeut o£ Fire and Safety Services 264595 10,550.00 Judgiiie�zt and Compromise 264714 12,446.40 Less Total Council Transfers 1,774t744.1.5 � Closed L-o Fund Balance - Not Dedicated $1,542,481.69 -17- . �-, . . . • . �'rcpzred March 3, 1975 • Dept, of L'inance and Mariaqemcnt Services �� CI`1�Y OI' 57�7_NT PAUL �� PI2ELI1�4.T.TIARY I.�tIND B71I�NCE STATI;tfPNTS l:2/31%14 ' P'UND ]3ALf�NCP - DLDICI�TLD B�lance 12/31/73 $£:16,39U Appropriated dur.ing 1974 -�30,000 7f36,390 Appropriated to fund ]..9"75 I3udcJe� 455,£373 � 330,51`/ Unencumbc�red Balances 1.974 Closed .to fund ba.lance +230,87£3 �xcess of Revenues over EstimaLes +502,396 Fund Balance-Dedicated 12/31/74 1,063,791 FUND BAI,Fa1JCL; - ALL�T (DEDICI�TEll) 13alance 12/3]_/73 1,154,707 Appropriated during ]_974 22.5,055 929,652 Appropriated to fund 1.975 Budget 1,000,000 � (70,348) Unencumbered balance 1974 . Closed t.o fund bulance +319,2f34 T4iscellanec�us Revenues in excess of estimate +1,622,�331 Ta�: P.eceipts le:ss tiian estimaLed -144,£318 Fu�ld I3a]_ance-Debt nc�dicated 1.2./31/?5 ].,7?.6,949 -l�;_ � . s. --- _w .......�.., ,�� 1JlJ ' " 1)c��t. of 1�inanr_e and " ' . t�tanagc�ment ServicE�s CITY pF Sl�INT PAUT., � PP.T'LIMIidA.I2Y FUND BI�LANCE STATI:MJ,NTS � 12/31/74 . I'UND BAId�T;CE - NOT I�I,DICATLD Balance 12./31/73 $2��9��24 • Appropriatec3 during 1�� rr -1,��9,1.29 Remaining from 12/31/73 600,000 Unencumbered balances - 1974 . Closed to fund balance -�-2,350,5£32 � . • Excess of Revenues over. Estimates ASisc:el].aneous Reventxe -� 999,392 Taxes + 195,736 Fund Balance-Not Dedicai.ed J_2/31./74 4,145,710 � � _19_ � c c 1 � � �i -OZ- n � o �� o � ' . 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I�� ' ` . / . � 3 -�� PROGEt�M AND YRUJECT* MILL RATES Average Annual Mill Rate CIB - Increase to $7,600,000 based on inflation �0.0 STREET REVITALIZATION - $5,800,000 Annual Program 7.6 SEW�R AND WATER POLLUTION ABATEMENT - $100,000,000 1.3 Ten-Year Program with a Ci.ty share of . $10,000,000 . *REHABILITATION PROGRAM - $2,000,000 Project . (2.63) *LOWRY ANNEX - $4,000,000 Project (5.3) E,R� . ♦ C ITY (.� F S� ! NT PAUL OFFICE QF THE BUDGET DiRECTOR �`K�°��;�� 6��"��-��*€� February 27, 1975 •: '' . _r... ...,..,._. . .�..n M..Y ,.,... �Yi..��_j • Ric�,�r-;� E: scr�o��Q��; To: Saiizt Paul City Council Members Fr: Lawrence D. Cohen, Mayor Thomas J. Kelley, City P.dministrator Ricl-iard x'. Schroed2r, Budgct Director Roc�er A. A4attson, Director, Department of Finance and Management Ser.vices Re: Requested iniormation relating to capitzl improvement financing and bonded oeut Source: Prepare3 by Gregory N. Blees, Office of the Budget Director Page I. Discussion Definitions A. �elating i�o Capital Improvements 1. Capital Improvement - Legal Definition 1 2. Capital Ir,iprovement - CIB Committee Definition 1 3. Capita7_ Improvement Program 1 4. Capital Improvement Program Process 1 5. Capital. Improvement Budget 2 6. Long-Range. Capital Improvement Budget Committee 2 B. Tax Terms 1. Levy 2 2. Mill 2 3. Mill Rate � 4. Assessor's Estima.ted Market Value � 3 5. Assessed Value 3 6. Homestead Exemption 3 7. Homestead Credit 3 8. Senior Citizens Income Tax Credit 4 9. Senior Citi.zens Tax (Freeze) Credit or Refund 4 II. Municipal Bondir,g 1. GEneral Ob]_igatian Bonds 5 2. Revenue Bonds 5 3. Rating of Mun.i_cipal Bonds 6 4. G�ossary of Terms - Tax Lxempt Bonds � City Hall, Saint Paui, Minnesc�ta 55102 �� , - Saint Paul City Council Memb�rs -2- Februa��`�L'�;�%5 Page III. Existing Bonded Debt 1. Debt Statement 9 2. Statement of Direct and Overlapping Debt 10 • 3. Statement of General Bond Annual Charges for Bond & Interest 11 IV. Bonding Progr_am versus Pay-As-You-Go 12 V. Summary of Inflation Indexes for Construction 18 VI. Original Purpose for CIB Legislation 24 VII. Goals Established for Obtaining New CIB Legislation 25 VIII. Proposed Legislative B.il.l 30 IX. CIB Annual Authorization - Net Effect on Taxpayer 33 DISCUSSION DEFINITIONS p, Relating to Capital Improvem�nts 1. CI�PITAL IMPROVEMT'NT - LLGAL D�I'INITION (Pdinnesota Law 773, Ser.tioil 2) (City Ordinance 13679, Section 3) . Capita]_ Improvement boncl funds are restricted to use for acquisition, construction or repair of capital improvements, having a useful life in excess of three years, 2. CIB COMMITTL;E DtiFINITION A ca.pital expenditure i.nvolves acquisition of l.and, construction or acquisition of physical facila.ties, or additions to existing facilities. Such facilities are expected to have a useful life beyond the term o� the bonds. (Ten years at present) . Equipment which is a necessary part of a new facility to make it functional, gen�rally is acceptable. When modernization of an existing facility substantially increases its value, such modernizaL.ion mi.ght be regarded as a proper capital expendi- ture. Deferred maintenance expense or.dinarily is not considered proper capi.tal expenditure. Neither is expense for mobile equipment, addi.tional or replacement office equipment, short-term operational equipment, uplceep o.r repair. 3. CAPITAL IMPROVEMEDIT PROGI2AM - SAINT PAUL'S (CIP) The programming and budgeting of all of the City's capital improvemeni: projects, regardless of fund source. Capital impr_ovement projects are funded with CIB Bonds, Water Pollut:ion Abatement Bonds, Public Improvement Aid, Municipal State Aid, County Aid, grants, Development Distr.ict Tax Increment Financing, etc. In addition to the programming and budgeting of all City c apital improvements, projects programmed by the Housing and Redevelopment Authority, the Port Authority, the Civic Center Authority, the Water Department, Independent School District #625, the County of Ramsey, the Metropolitan Sewer Board, and the �rivate utilities companies are identified and related to. Presently, Saint Paul's Capital Improvement Program is an annual budget with a following four-year program. 4. CAPITAL IMPROVF.M�NT PROGRAM PROCESS The process established to identify, analyze, prioritize, coordinate and recommend funding of the City's capital improvement projects. This process ideritifies tl�e pri.orities of the Department requesting the project, the Office of City Planning, the Mayor's Senior Management Team, the City Adminisi:ration, and the Mayor, as well as those of neighborhood _qroups and business organizations. Al1 priorities and recommendations are transferred to City Council for their information in reviewing the Mayor's proposed annual capital improvement program budget. -1- 5. CAPITAL IMPROVEMENT BUDGET (CIB) Refers to the Minnesota Legi.slature's authorized bonding authority grani�ed for the purpose of providing annual financing for capital . improvement projects. � In 1967 the Legislature first granted Saint Paul $4 million aririval bondi.ng authority f.or ttie budget years 1967, 196£3 and 1969. In 1969 �he City was granted $4,500,000 for 1970 and 1971. In 1971 the Legislature continued the bonding authority of $4,500,000 for the years 1972, 1973, 1974 and 1.975. In 1974 the Legislature also granted Saint Paul an additional $2 milI.ion bonding authority for 1975 to be used for the reconstruction of Phalen Park. 6. LONG-RANGE CAPITAL IMPROVEMENT BUDGET COMMITI'E� (C1B COMMIT`1�E) A 12-member citizens committee appointed by the Mayor with the approval. of City Council to establish citizen priorities and recommendations for funding of ca3?ital imp.rovement projects with CIB Bond money and the remaining 1953 Second United Improvcment Bond money. It is an- ticipated that this year the citizen committee reviewing capital improve- ment projects will be establisl�ing priori.ties for the funding of all capital improvement projects, not just those financed with CIF3 and 1953 Bond Funds. (Mayor Cohen is proposing that the Long-Range Capital Improvement I3udget Committee be consolidated with the Planning Commission and that any new CIP citizen review body be related to and caorkable with any proposed "Citizen Participation Structure") . B. Tax Terms 1. LEV�C Dollars needed from real and per.sonal property taxes to finance in whole or in part a governmenta_t unit. Not to be confused with "budget total" which is thc total number of dollars needed to finance a governmental unit. "Budget total" minus other sources of revenue equals levy. 2. MILL A mill is one-tenth of a cent or a one-thousandth part of a dollar. One mi11 generates $1.00 of taxes for each $1,000 of assessed valuation. 3. MILL RATE Mill rates are usually exprc�ssed as a ratio for $1,000 of assessed valuation. The aggregate mil]. rate in the City of Saint Paul for 1975 is 146.536. In using m�.11 rates to determine tax dollars generated, move the decimal point thrc.e places to the left; i.e. Assessed Val_ue x Mill Rate = Tax $6,200 x .146536 = $90£3.52 $775,112,150 x .07.2 = $9,301,345.00 -2- 4. ASSESSOR'S �STIMATED MI�RKET VALUE Property is to be valued at market value by the assessor for tax purposes. "Mark�t value means the usua.l selling price of the place . . . which could be obtaiiled at private sale and not at forced or auction sale." (MSA 272.08 Sub. 3) . 5. ASSESSED VALUE The value which is multiplied times the mill rate to determine the lmount of tax. Assessed value is determined by multiplying the assessor's estimated market value by various percentages depending upon the class of property. Classes of prope.rty are determined by tlze Legislature under_ D9SA 273.13. There are 13 classes of property and three examples are shown below: Class Description Percentage 3C Homestead property 25% first $12,000 of market val_ue Assessed over $12,000 40% 3D Residential-real estate 400� other than homestead properi:y (i.e. apart- ments) 4 All property not in- 43� cluded in any other classification 6. HOMESTEAD EXEMPTION This exemption as first allowed by Chapter 359, Laws of Minnesota, 1933, provides for a percentage reduction in converting a portion of the assessor's estimated market value to the assessed value. For example, the first $12,000 of the assessor's market value for income property is presently assessed at 25='a with any excess over $12,000 0� assessor's mar_kPt value being assessed at 400. 7. IIOMESTEAD CREDIT This credit first allowed by Chapter 32, Extra Session Laws of 1967, is presently 43°e of tYie ad valorem tax (the tax based only on value, does not include assessments) except that part of the tax attributable to non-school debt. Credit not to be confused with the homestead exemption. -3- � 8. SENIOR CI`l'IZENS INCOTiE TAX CREDIT Credit available ta those over age 65 with income of $6,000 or less received by filing a form M-1SC with the State of Minnesota Income Tax Division. The credit is determined on the basis of real estate tax payable and income. For exarnple, a senior citizen with an incom� of $4,000 and a net tax of $300 would receive a refund from the State of $105.00. Note: many disabled persons are also now eligible for this refund. • 9. SENIOR CITIZENS TAX (FRELZE) CREDIT OR REFUND Credit available to all persons who are 65 before June 1 of any year if. the ad valorem rea.l. estate tax in �he current year exceeds the � amount of their ad valorem real estate tax i.n the year pr.oceeding the year thcy turned 65. Credit is received by applying on form M-1SC to the S tate of Mi.nnesota Income Tax Department. Any refund paid under this credit is deductible before determining the amount of senior citizen income tax credit. -4- • � Cilfll �A� S,41NT P,4L1�. ' _LaEPAEtTh��i�iT �� F1N�f'�l�g AND tv4�NP�GEt�ER1� SERVICE� Office of Director ' 193 CITY HALL Ro�;er A. Mattson ��x,�� SAiNT FIlUI, MIPINESOTA 55102 : �;re�eo� February 27, 1975 MUP;ICIPAL BOPIDING � WHY BONDS EXIST ' - � Tax exempt bonds are issued by states, counties, cities, school districts, universities, park districts, turnpi_ke authorities, etc. ad infinitu.�, to build streets, sewers, hospitals, water Zines, lakes, parks, schools, jails, hydro-eler_tric darns and a whole host of other major capi_tal improvements of an enduring nature. Theoretically it is unrealistic to require today's tax-paying citizens to bear the entire financial load for the construction o£ these public works projects which may have a useful life of � 50 years or more. To fia.lance these projects over several years and thereby spread the repayment obligatian over a periad of time, the political subdivisians borrow money by issuing bonds. The issuer pledges to pay the principal and interest for the use of the funds in accordance with the covenant which is made with the bond holder. Fre- quently, the loan is scheduled to be paid out in ten or fifteen years, but many bonds are issued to finance improvements over forty or fifty qears in cases of large projects of long term value. BASIC TYPES OF NIUNICIPAL BONDS (TAX EXEMPT) GENEfiAL OBLIGATION BONDS General Obligati�n Bonds are backed by a pledge of the issuer's fu11 faith and credit for prompt payment of principal and interest. Most city, county, and school district bonds have the further distinction of being secured by a pledge of unlimited ad valorem (property) taxes to be levied against all taxable property. In most cases if taxes are not paid the delinquent property is sold at .tax sale giving the bondholder a superior claim above mortgages, mechanics ' liens and similar encumbrances. � Since general obligation bonds are �eared to tax resources, they are nor- �ally analyzed in terms of the size of the resources being taxed. REVENUE BONDS Revenue bonds are payable from the earnings of a revenue producing enterprise such as a water, sewer, electric or gas system, a toll bridge, airport, coJ.lege dormitory or other income producing facility. They are usualiy analy7�.d ir. terms of tl-ieir earnincs, historical or potential, compared with band requirements. 11�ey izave built up a good record over a long period of time, and are sometimes considered to be better th3n general abligar.ions of the same issuer. The yield, generally, is higher for Y:his type of bond. -5- 02_ MUNICIPAL PONDING (cont'd) GENERAL INFORMl�TION ' RATII�'GS OF r1UNICIPAL BONDS The quality of municipal bonds can, to some degree, be determined from the ratings of three rating services, Moody's, Standard and Poor�s, and Dun & Bradstreet, Inc. These bond ratings are used by the municipal bond profession, government and industry regulatory agencies and the investing public as a guide to their relative security and value. They are not used as an absolute factor in determining the strength of the pledge securing a particular issue. � Indeed, many non-rated bonds are sound investments. Since Moody's and Standard and Poor's are now rating bonds only ori a fee basis, the number of non-rated issues may increase. In this regard the investor should use caution in his purchase of such bonds and `seek the advice of his investment banker. The ratings s.ymbols of the three services are as follows: � � . - Moody's Standard & Poor's Dun & Bradstreet Prime Aaa � AAA , Q1 � � 02 Q3 Excellent Aa AA 04 � � OS 06 Good A* A � 07 08 09 Average Baa* BBB 10 11 , 12 Fair Ba BB 13 14 15 Poor B -- 16 ' 17 • 18 Marginal Caa B 19 � 20 21 Default Ca D 22 C i *Those bonds in the A and Baa groups which rloody's believes possesses � the strongest investment attriUutes are designated by the symbols A-1 and Baa-1 within their groups. -6- � � • _3r ;65214 MUNICIPAL BONDING (cont'd) GLOSSARY OF TERMS - TAY-EXEMPT BOI�'DS ACCRUED INT�REST - Interest earned on a bond since the last coupon payment or since the dated date, whichever is later. AD VALORENI TAX - A tax based on the assessed value of property. AMORTIZATION - Special periodic payments which pay off a debt. ASSESSED VALUATION - The valuation placed on property for purposes of taxation. BEARER BOND - A bond which has no identification as to owner. It is presumed to be owned, tr.erefore, by the bearer Ur , the person who holds it. A bearer bond is said t� be in "Eearer Form." • � �0� - An interest-bearing promise to pay with a specific . maturity. . . ' CALLABLE BOND - A bond which is subject to redempt.ion grior to maturity at the option of the issuer. COUFON - That part of a bond which evidences interest due, Coupons are detached from bonds by the holders -- usual.ly semi-annually -- and presented for payment to the issuer's designated paying agent, or deposited in his�awn bank for collection. � CURRENT YIELD - A relation stafed as a per cent of the annual interest to the actual market price of the bond -- same procedure as - computing a stock yield. DEBT LIMIT - The statutory or constitutional maximum debt-incurring power of a municipality. DEBT RATIO - The ratio of the issuer's debt to a measure of value, . such as assessed valuation, real value, etc. . DEBT SERVICE - Required payments for interest on and retirement of principal amount of a debt. GENERAL OBLIGATION - A bond secured by pledge of the issuer's full faith and credit and taxing power. INTEREST - Compensation paid or to be paid for the use of money. INTER.EST DATES - The dates on which interest is payable to the holders of the bonds, usually set at semi-annual intervals on the first or the fi�teenth of the month. -7- - . 04- MUNICIPAL BONDING (cont'd) . GLOSSARY OF TERl�iS - TAX-EXEMPT BONllS (cont'.d) INTEREST R,ATE -, The interest payable each year, expressed as a percentage of the principal. NIATURITY - The date upon which the principal of a bond becomes . due and payable. ' OVERLAPPING DEBT - That portion of the debt of other governmental units for which residents of a particular municipality are re- � sponsible. � PAR VALUE - The face amount of a bond �= $1,000 or $5,000. pAYING AGENT - Place where the principal and interest is payable. Usually a designated bank or the treasurer's office � of the issuer. ItEGISTERED BOND - A bond whose ownership is registered with the issuer or its agents, either as to both principal and interest or as to principal only. � � REVENUE BOND - A bond payable from revenues securzd from a project which pays its way by charging rentals to the us�rs, such as toll bridges or toll hi_ghways, or from revenues from another source which are used for a public purpose. SERIAL BOND - A bond of an issue which has maturities scheduled annually or semi-annually over a period of years. TERM BOND - A bond of an issue which has a single maturity. YIELD - The net annual percentage of income from an investment. The yield of a bond reflects interest rate, length of time to maturity and write-off of premium or discounts. ��_ . � � CITY O� S/;Ih1T P�UL DEPR��iTMER1T Q� �It�11�NCE AND► MAN�►�EMENT SERVICES Office of Director 113 CITY NALL SAINT PAUI,MtNNESOTA 55102 CITY OF SAfNT PAUL,MINNESQTA DEBT STATEMEPIT ' December 31, 1974 GENERAL OBLIGATION F30fVDS A.Within Statutosy�ondsd Dai�t Limit: Auditorium . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 189,000.00 Capital Improvement, Laws of hlinnesota, 1967 . . . . . . . . . . . 4,800,000.00 Capital Improvement, l.aws of Minnesota, 1�369 . . . . . . . . . . . 5,850,000.00 Capital improvement, Laws of Minnesota, 1971 . . . . . . . . . . . 12,150,000.00 Civic Athietic Stadium . . . . . . . . . . . . . . . . . . . . . . . . 1,130,0OO.Od Civic Educational Center . . . . . . . . . . . . . . . . . . . . . . . 1,071,000.�0 Garbage Dispo:al �quipment Garage� • • • • • • • • • . . . . . . . 59,OQ0.00 Health Center . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95,000.00 Libraries Irnprauement . . . . . . . . . . . . . . . . . . . . . . . . 169,000.00 Parks and Playyrounds . . . . . . . . . . . . . . . . . . . . . . . . 809,Q00.00 Public Safety Building . . . . . . . . . . . . . . . . . . . . . . . 300,000.00 Sewer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .� 5,368,OOb.00 Street Lighting . . . . . . . . . . . . . . . . . . . . . . . . . . . . 393,000.00 Streets and Bridges . . . . . . . . . . . . . . . . . . . . . . . . . 7,552,000.00 � 39,935,000.00 B.Outsicie Statutory Bonded Deht Limit: Capitol Approach Improvement . . . . . . . . . . . . . . . . . . . 1,504,000.00 . � Civic Center . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,660,000.00 Detention and YVorkhouse Facilities . . . . . . . . . . . . . . . . . 940,000.00 Downtown Development District No. 1 . . . . . . . . . . . . . . . 500,000.00 Fire Station . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310,000.00 Flood Control . . . . . . . . . . . . . . . . . . . . . . . . . . . . 805,000.00 Health Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . 1,180,000.00 Joint Court House&City Hall Rehabilitation . . . . . . . . . . . . 380,000.00 Joint Hospital Facilities . . . . . . . . . . . . . . . . . . . . . . . 3,444,0OO.OU Joint Sewer StudY • • • • • . . . . . . . . . . . . . . . . . . . . . 140,000.00 Joint Storm Water Sewer Construction . . . . . . . . . . . . . . . 225,000.00 Riverview Storm Sewer . . . . . . . . . . . . . . . . . . . . . . . 385,000.00 Urban Renewal. . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,470,000.00 Water Pollution Abatement . . . . . . . . . . . . . . . . . . 9,950,000.00 S 71,893,000.00 Total General Obligation Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$111,828,000.00 SPECIAL REVE(NUE BONDS: (Qutside Statutory Bonded Debt Limit) Permanent Improvement Revolving Fund . . . . . . . . . . . . . . 2,000,000.00 Trunk Highway . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,420,000.00` Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,995,OOD.00 Total Special Revenue Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 20,415,000.00 TOTAL GROSS BONDED DEBT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$132,243,000.00 DEDUCTIONS: (Allowable under Section 475.53 of Minnewta Statutes) Genera�Obligation Bonds— A. Balance 1974 Maturities, within debt limit. . . . . . . . . . . —0— B. Outside debt limit . . . . . . . . . . 71,893,000.00 Special Revenue Bonds. . . . . . . . . . . . . . . . . . . . . . . . 20,415,000.00 Total Allowable Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 92,308,000.00 TOTAL NET BONDED DEBT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 39,935,000.00 MARGIN FOR FUTURE BOND ISSUES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,753,132.00 STATUTORY BONDEO DEBT LIMIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 75,688,132.00 The percentage ot the Net Bondec!Debt of the Market Values of Taxable Real Estate and Personal Property Valuations of$2,126,399,�61.00 is. . . . . . . . . . . . . . . . . 1.88% 'Princrpal amount to be paid lrom Sfate of Minnesota Trunk Highway Bonds owned by the City of Saint Paul Submitted by ROGER A, MATTSON Director -�- � 0►EPA�t�Pv4ENT �F F1��10E AND P�ANAGEf��1�IT SERVICES � � O(fice of Director 113 CITY NALL SAINT PAUL,MINNESOTA 55102 �CITY OF S/�,IN7 P/dUL � STATEft�ENT OF DIFZECT AND OVERLAPPING UEBT DECEMBER 31, 1974 Gross C7ebt Per CenY of Debt Saint Pauf's LBSS SliTklSlg Appliczbfe to Share of Funcfs Saint Paul Debt City of Saint Pauf 111,828,OOfl (1} 100 111,828,0�0 Independent School District#C25 91,982,OJ0 100 91,S82,OG0 Count}�of Ramsey 18,459,561 58.6 10,817,302 Metropolitan Airports Commission 8,000,000 (2) 12.1 968,000 Port Authority 17,280,000 100 17,280,OQ? Metropolitan Council 35,000,000 (3} 12,1 4,235,0(}0 Metropolitan Transit Commission 11,733,293 12.7 1,490,128 294,2�2,854 238,600,430 � (1) Excludes $13,995,00� of G.O. Water 6onds paid from Ulrater revenue and$4,420,000 G.O.Trunk Highway Bonds paid from State of Minnesota bonds held by the City. (2) Exc{udes $£36,585,000 af G.�. self-liquidating bonds; $t3,000,000 shown is not currently levied as by agre�ment the airlines are paying for the debt in fees. (3) Excludes$154,1?_1,000 in bonds supported by revenue collected from local governments. Submitted by ROGER A. MATTSON Director —10— .,.�-,,. _ • CITY 0�' SAINT PAUL $TATI3MENT OF GENERAL BOND ANNUAL CHARG�5 FOR BOND AND INTEREST D�CEMB�R 31, 1974 $onds InY.erest Total � 1975 6,773,000 5,25G,9��7,50 12,029,947.50 . 1976 7,085,000 4,972,491.75 12,057,491.75 ].977 ' 7,634,000 4,675,324,50 12,309,3?_4.50 1978 � 7,300,000 �+,351,205,75 ].1,651,205.78 1979 6,982,000 4,039,000.00 11,021,000.00 19�0 6,702,000 3,735,630,00 10,437,630,00 1981 6,308,000 3,451,1.91,25 9,759,191.7_5 19£32 5,643,000 3,197,4-Z3,75 8,840,4I3.75 1983 5,293,000 2,965,760.00 8,25�3,760.Q0 1984 4,993,000 2,748,633 ,75 7,741,633.75 1985 4,2I8,000 2,553,616,25 6,771,616,25 1986 3,868,000 2,377,210,00 6,245,210,00 1987 3,518,000 � 2,207,�F4��3.75 � 5,725,448.75 1�88 3,343,000 2,049,413.75 5,392,41fi,75 1989 3,279,000 1,895,124.�0 5,174,7.24.00 1990 3,023,OU0 1,744,G87.00 4,767,687,00 1991 2,929,000 1,599,705.50 4,528,705.50 I99?. 2,837,000 1,457,737 .50 �4,294,737.50 1993 2,G85,000 1,3I6,?_93.75 4,001.,293 .75 1994 2,560,000 1,178,075.00 3,738,075.00 1995 2,540,000 1,043,23U.00 3,583,230.00 7996 2,505,000 905,535.00 3,410,535.00 1997 2,500,000 767,880.00 3,267,880.00 1995 2,450,000 627,812.50 3,077,812.50 1999 2,375,000 491,7.25.Od 2,866,125.00 200C 2,195,000 406,8?_0.00 2,601,820.00 2001 1,565,000 232,600,00 1,797,600,00 2002 1,�+75,000 150,01?..50 1,625,0].2,50 2003 1,030,000 78,037.50 1,108,037.50 2004 640,�00 29,812.50 _ 669�8]_2.50 TOTAL 116,248,000 (A) 62,505,779,75 178,753,779.75 �A� General Obligati.on Bonds � 116 248 000 �'ernianent Improvenient Revolvin� rund 2,000,000 «ater 13,995,000 Total Gross Bonded Debt 132,243,000 � Departmeilt of Finance and P1ana�;ement Services Division of Accounting February 27, 1.975 -11�- � �;'?�""., � . � . �` . ''� �� CITY OF SAINT PAUt_ � ��l ��;� �i s52�4 �� O F F f C E O�T HE� -Nt`�AY O R Long-F;ar�ge Capital lrr��;�ov�m��t CITY PLANNING DEPART;v1EN i Buayefi Committee VINCENT M. COUGHLIN PLANNING COORDI�d�TUR November 21, 1974 Mayor Lawrence D. Cohen and MemJ�ers of the Saint Paul City Council City Hall Saint Paul, Minnesota 55102 Dear Mayor Cohen and Council Members: Since its inception the Capital Inl�rovement Budget Committee has expressed desir- ability of eventually getting capital improvement funding on a pay-as-you-go basis. As the au�horization foz capii�al funding ras expired, a;,d a return to the Leqislature ' is necessary to seek new authority, the tiMe seems ripe to propose a. pay-as-you-go program for presentaiion to the Legislature. Here is such a program: Capital Improvement Pay-As-You-Go Ten-Year Bonds Capital Levy Mi11 Dollars P�Sill Uollars Levy Produced Levy Produced Year Li��iit (Millions) Limit (Millions) 1976 4.5 3.51 1.0 .78 1977 4.5 3.51 1.0 .78 1978 4.5 3.51 1.5 1.17 1979 4.0 3.12 2.0 1.56 1980 3.5 2.73 2.5 1.95 1981 3.0 2.34 3.0 2.34 1982 2.5 1.95 3.5 2.73' ].9£33 2.0 1.56 4.0 3.12 19F34 1.5 1.17 4.5 3.51 1°85 1.0 .78 S.0 3.90 I 1986 .5 .39 5.5 4.29 19£i7 --- ---- 6.0 4.68 Note: Al?. of the abave dollar f�gures are based on an assessed valuation of $7£3C1 millioii, estimated fc�r Z97i. No pro- jections for increa�ed va]t�ations were �nade bey�nd 197G. 421 �'V�basl��, Saint Paul, MI(li1esota 55102 -ia- (G1 �) 29��-4 i S 1 Mayor Cohen and City Council Members -2- November 21, 1974 This proqram has several distinct advantages over past practice: 1) Millions of dollars wi.l1 be saved in interest charges, eventually reaching one millian dollarsper year. 2) Stating the levy limit in mills will allow the amount of money to increase with � the tax base, without ari increase in the tax rate. ' 3) There will be more flexibility in the use of Pay-As-You-Go funds, as the term of bonds is not a consideration. Under the proposed program, interest charges will continue around a million dollars per year until 1978, when a decline will start, er.ding with the complete elimination oi interest cha.r.ges. Deficit financi.ng as now practiced is increasing the debt _burden at an alarming rate. An attempt should be made to reverse that trend. Respectfully, • i iy��i�y'�<'E�"_ l � Otto H. Hummer Chairman 1887 Saunders Avenue Saint Paul, Minnesota 55116 699-28f32 OHH:GB:kk cc: CIB Committee Members City Administrator Budget Dir.ector Director of Finance and Management Services • Director of Canununity Services Direct�r of Public Works Planning Coordinator John Connelly - Carolyn Cochrane Department of Police Department of Fire & Safety Services City Attorn�y -13- Consumer Price Index - National (Buying Power of U.S. Dollar, as Compared to 1967 Buying Power) Informai:ion Source: Ninth Fecleral Reser.ve Bank - Research Division Mr. Sam Gain - 340-2345 CONSUMER PRICE RECIPROCAL PRESENT WORTH OF O:VE YEAR INDrX MULTIPLIER HUNDRLD 1967 DOLI,ARS 1967 100.0 1.000000 $ 100.00 1968 104.2 .959693 95.97 1969 109.8 .910747 91.75 ].970 116.3 .859845 85.98 1971 121.3 .824402 82.44 1972 125.3 .798085 79.81 1973 133.1 .751315 75.13 1974* 153.2 .652742 65.27 1975** 160.8 .621891 62.19 1976** 168.4 .593824 59.38 1977** 176.0 .568182 56.82 *1974 Index as of October, 1974 **1975,1976 and 1977 Indexes were calculated using a seven year (1967 through 1974) average increase of 7.6, and not any projected trend which could be estimated to be as high as the 20.1 increase incurred from 1973 to 1974. -14- .�� . � * � o � n � =� * � Ho < � o * o � N a. o o * o rrr re �o n w � � p � � °o � � tr� rr o * O �y �p � O � � » rt x � � ro ro � k H y, I H �. I � � � 6�i N � H rt K � * H fi �• j� H �. � � � I � O � O r m 'tJ � � r N h7 � � a n � rt ~ � * rt ~ c � � n � N � �. O z " H * 't' 'P �t i i i p ,*t o � o `�y r 0 0 0 7 �, o 0 o x �o I 1 I d * 1 H 0� H * O O .�- J � * O O 'n ro ro � � tn • tn r � w �o tn tn o � * � r w � 6� 6� O � * � � v� rn o 0 0 � *f ao eo io 0 0 0 ,� �o w o 0 0 * � � �n . u, r �a * n � C N F+ O O O � l0 N O r F� �J �P �P O � � � H b M 6� �P O O O W J O O O �' �i a �• � � . H N � O � • v, N a * cn m r �, m N N o � r n � � r v, ,n �a o ,� � x tv n� o�o 0o ao o ,*t o b N a � � � o o °o �*, � p,� � �a v� r �n * c� � �i N r ao 0 0 0 �*, N z � p � . �O N i0 l0 O * � t0 C O C J �p N N O * F-� � N � r�j u�i � o O o * H G O xl * � K N O W • iP iP �o .i �o �o o �*, r � rbt Oo H w �p w w o �, �D r r• O 'xl W OD O O O � N � � �' � � lJ� lJ� O O O * J H � H � g w i4 z° w • � � * � m in � J J o * r x �o v� w ao o * ,o � r - * � r w o 0 0 �*, w n� r o 0 0 * �o u� o - o o * ,� . � w ,t� �p �' O O� 01 O� O � F-� � !-� ln N N O � tp N � � � J 0� J A �P O � �P i N �p O O O * W N O O O M, M� N �P �li � .� m �n a o * r J N O� 01 O * �O r * � 00 0o eo 00 0 ,*F v� 6� �O p O O � r r o 0 0 * � � N �P �P �' ln ln w W O „' F-� rn �o � r o * �o W � . M J , O OD N N O * 0� - Ut N O O O �, �I J� O O O „, �t � N ,p ,p 'F w v� r � o * r m rn cn u+ o * �o � � ` � J 1-+ N 6� . O� O * �l W OD O O O * Q� N O O O * t/l in tA * in N w �P J> * �P �P y O 'P � � O � O I O y �-' m w o * o 0 0 �' r -15- � o 0 0 * o � o °1 w o 0 0 * o 0 _ .��. ,.��:,.a � z � ta * cn � cn » �+y » ro n • ' ' N +r r� � N• � (D � r- W t�+• * W ;s x p � �a x� c x� x * c z � ro • � m � a� � m z� � m � � �C � x ct rt � � < � w ?� �..� (D � 'G � � x m x K x� N N � (D x� K x K � W +r (D � I n � a * m � m x� n � w � •c �y N � n � a � a � cn x- n » o � � m � n x� M � x� tn � p � � �F N � � tA � � � I t.. � � � � � � � ro I�' � � �. � * » n � � � � � � � � � � � � � .� � � � � � � � x� � � � � � �, � r y ri ro � r �-3 H ro � r y ra ro � r H i--i ro � r H r-i ro � r y r+ ro x r �-3 H ro �9 O � tS +f �D O ;7 H rt i0 O � �-t +t to O � �i � l0 O � n � �O O � K � �D O 7 FS d� H r� I'• � O� H � r� x� 6� '-3 rr N� � d� H rt W x� 6� H rt N• � 6� H rt r• x 0� H rt F+• � �1 � (D 7 �F J b fD :3 % J � fD � �F J S� (D � �F J Y�(D � M� J � N � %� J � (D � ti �5 n � t' tt CJ � rt f� * ti �S (� � t� n n � ri n � ti tt l] CJ co r• x �y c� N• w l7 N N� � �7 N r� � C7 fD N• � C7 tD r� � C7 m N• o u, ro � O u, h} » o u, ro +� O cn o * o mro � o NKS * o m �5 � i--� r+- a » r-� rr a x r rr a + � n a � � rt w � � r* a � r rt a r N z r r » r r � � r x r N x� r r � r N a x� w * w * w � a � a * w tS � r5 � 'i � K � K �F ti � hi - N �F ff� � Ul � N � N � (A +F N k rt � � �F r �P �P �P �F M� �F � M� %� � � � � � � o 0 o r � » � � � x� o o i o . � � � � � � � o 0 0 0 � � �F �F �F � �F �F I J % �F �F � M� +F O O O M� � � �F %� � O O O �F rt rt � � �F � O O O � % �F k �F M� �F k� �F M� �! �F �F • % �F k� �F �F �F �O � U� ll� F�� iA �F Ul 6� f-' � �F 01 6� F-� lf� �F O� ,J h� U> >F J OJ f-' 6� % l0 l0 F' OJ � Ul F-' F' ll� lIt Ui O �F J O ln �P % N lf� U� O % l0 N l.n J � OJ N 11� 6� �F N ln lft O �F �O � G W 6� 6� O � 01 O O� �P � iD Gi O� O �F CO J 6� F-� W �O N 61 (S� � �l 6� Q� O rt 61 01 (D y. . . . . y. . . . . y. . . . . k . . . . * . � . . M. �p � ln O O O x� N ,P O J� x� ln O O O k F-� �P O �P � ln G� O (s� r �P O O O x� W p � • OD O O O x- �A �P O �A � tn O O O x O N O N % p 6� O 61 � O� O O O +F l0 O O O �F W ln O ln � i0 O Q O � t0 t0 O lD rt 0� J O �1 x� J O O O * rn �F �F N� �F �F �F � � ,� � �. ,� * � a o x� � � � � � � r r a� u, � �n � tnv� F- �a � tnrnr-� u, � rn � � u� � � � rm � m �or� m � r m r� lO �P J� O �F W W W �P �F J W W O %� �P O W J �F N lp W p1 �F iA N N O �F O ~ N O O O % N W CA �A k l0 O� G� O �F N ln W I--� �F ln � O Ol M� N ,P �P p �F J � 0 � r �F � � M� * �P � M N Y �P � O �F O F-' 6� �P � 6� � � O x� N f-� J i� � ln 6� O Ol x� N 0� 0� O � J � 6� O O O x� O� I-� O� � N� �O O O O �- O �A F' N x� O� O� O O1 � Ut O O O M� 'p n1 07 O O O �- W N J ln +F O O O O x� �7 W �P �D %� N �] O J % lp O O O % � w � �t � � � � O 'C — — � ~' rt � � � x� �t . O � rt rt �F x� % �t OD � � A lJ� F' �A M� �P lJt F-� � �F lJi 61 !-' lJ> >F Ul 6� Y U1 M� Q� J !-� O� X� J OD 0� %� (P f.. O M lD Ul N N O �F 00 61 N �P � W 1-+ N O x O� CO F' J +F O� J p 01 �F O� l0 � O �F l0 � � H Z N �P �P O �F 6� Ui N �P �F O J J O rt J N 1--� H' �F N O �P Ol �F N W W O �F OJ M. . . . . y. . . . � x. . . . . M. . . . . y. . . . . �F �P O i'• C7 N W N O M� �P J W �A � ln O O O �F F-+ N �P � �F 0� 6� O 6� � W O� 6� O * ln � C] H �P O O O k 07 J W �P � N O O O �F ln ln N N �F ln O� O O� � ln O O O x �l O O O * I-' OJ W tn * �P O O O * N O� t0 �O * �P J O J * J O O O � � � � O N � rt H � � x*- � rt � ' Uai C � » �F � � � �F � W �P Ui 1-' �P �F �P Vt V-� �A �F �P ln lT % Ut O� ll� �F 01 �l 6> >F �I OD N �F N r, N t F' O O O % ln �P O .'�. W l0 �O l0 O � � O� W J � 1-� �P J 6� � t-� 6� 6� O � �P � �' O O �O l0 l0 O �F N W A �P % N J J O �F iA O l0 F-' %� W �P N 6> >F O N N O M� �P * . . . . � . , . . ,� . . . . � . . . . � . . . . � � r w � � �n� ivo +r r �ao ,a x cnu, u, o z v� v� r �a � iornorn � � �a �no � n� mo 00 � w ,co � � mo 0o x � � r� N x omom � m000 � 'ti ln O O O K i0 ln O ln rt O O O O +F J N W lp � (n J O �I � .i> O O O � n ` � �F �F �t �F M� �F O W `A % 1F �t �F '—F %� ' 'J Ol M U7 N V1 �F �F M� M� �F M� J r � W Z W �P �P %� �P Ul �P �F �P (J� Ul �F Ul 0� U> >F ll� J 0> >F 0� OJ W �F t0 �O l0 �O O �F N W OD �P M� 0� J J O M� O W 6� �l k J 1-' Ul O> >F 01 W W O �F CO � (1' O (� W W W O N� W F' 61 �P �F F-' OD W O �F l0 OJ 61 F' �F W OD N 6� M� W F' F' O M� O M. . . . . M. . . . . y. . . . . M. . . . . �F . . . . eF W N W � T� l0 6� 01 O * 07 N 6� �L � N O O O � �A N OD �P �F ln O� O O� +F W N N O � ln W O O O � J I--� O� �P w �p O O O � O OJ U� N rt Ut O� O 01 r 0� O�O O � ' � %� lJS O O O � N F-� J �P � W O O O � 61 O� J lp � J J O J rt 07 O O O � � � y ' M� �t �t �F �F �F �F N� % �F M� � ' � O * �F � � �F � J rt' � W A A % w ln �P �F �A ln ln M� �P 01 Ut �F ln 6� 0� � � N 1--' � (D N ll�J �I O �F 00 F-' 0� �P � F+ OJ ln O x� O� F-' �P J * N �O N 61 rt � 1-' iD K G �O OD OJ O �F 01 W l0 �P �F �0 00 00 O % N 6� �P N M� O N O� O> >F 'F W �1 fD `� y. . . . . x. . . . . x. . . . . �F . . . . �F �F Y W N fD Y O O O x� O J c.i �P �F O� ln ln O � W O ln �P � �P 6� O 0� � �F lf� N O O O rt O �1 w � +F O O O O � I--' O J N �F F� p� O 0� rt �F rt � t0 O O O �F O7 J W �P +F �O O O O � O O F-� �O � O ln O ln » � ' � % - � rt �F * :U N N � � � � �F rt ' N K rt �t N� � � � O� W A �P �F W �P A �F W ll1 ll� % W lP (Jl % f �F ll1 " F''' � O 01 6� O M� N l0 U1 �P �% lT W W O �F OJ l0 N J % 1F �F N N n 1--' N N O M� �P 01 N iP �F F-• l0 �D O �F �7 W N N �F �F �F �I 10 (D . y. . � � . ;. . . . . �. . . . . M� �F 1F �P J OD.P �P O � O �P O �P �F OJ O O O x� ln J N �p % � �F N 'P �"� N O O O x� U �A O �P �F N O O O X- P F-� 00 N �F � rt "J � OD O O O � O �P O �P x� W O O O �F F' N Ol O� � �F �F CL �F +F �F �F �F �F � M >C � � � * � � rt � � � � x� , � � � +r � � rn N A �P % N �P �P M� W lJ� Ul �F �F �F �F N r J A �P O �F l0 J W iA �F N 1-+ I-' O Y �F 1F �F �--� � J O� O� O � J l0 �P �P �F W �O �O O x� * % � N J �F � • � . M. . . . . �F �F M� �F l0 � ao 00 �o r �o r-• rn ,n � o v, v, o � * x x r rno 00 +r inrrn ,a x� � 000 � » � x� ro 00 � u� r � � � n� 000 � � � � » x �r � r x � rt � * rt � x r � � z � � u� ea a a * n� �c a � � � � � io f, v�w wo * � rnr �a � ,r � x. � w � m r r ca » �a N � ,n ,r � * � � oo � ri • • • • % �F �F �F 1F N � . O N N O �F N J�W �P 4 �F Y �F M� �p U�O O O * Y J w �P � �F � � y. - J O O O �F �P J W �P M r � �F +F * �F �f �F M� 1F W �F K �F �F �F % �F �F 1F �F �F ll� N,u ,a � �c x � � � o` r w r � o � � � � » � oo � m v� �n o � » � � � � r � � � � � z » oo � Y p\ � U �F �F M� �F �F �F N W O O O � �F � rt �F k 6�O O O +F � � * �. * M� +t �F �F % • �F_ —' ' W .P .P �F W �P � �F W �P .P %� W ,L� �P �F W � �P �F W �A �P �f �A �A �P M� x �t M �F k J W 0� O * �: �I J O � �l �I -] O * �OC� 6� O + 0.i ln ln O x tp �A�P O � O O O �P N � U µ Ui (T1 Q! (:J � ^' C� O O �F w y N N O � p] .1� ,p p M� O G� 0� O � O O I O � F+ ;A � O * N O U O * 07 N N p * !� �4 �A O � Vi O� G� O � N 0.7 Co O � O O O O y M. . . y. . . I S� J O O O +t O O O.O � !-� q O O � OJ O O O � ln p O O � �P O O O � O O O u�o 0 0 * o 0 0 0 * n� o v o � °j�lo o * c�.lo 0 0 * � o 0 0 * o o° o r -16- �M1 METHOD OF rINANCING CAPITAL IMPROVEMENT BUDGE'r PROGI2�M I. Pay-As-You-Go-Financinq A. Pros l. No interest charge, therefor.e, there is a smaller arinual debt. 2. Engineering and Desiqn of a capital improvement project can be started on January 2, of each budget year. � B. Cons l. The City is paying for the cost of capital improvements in one year, when the capital improvements have an average benefit value from 25 to 50 years. 2. In time of economic stress (or political dire) there is a tendency to drastically reduce or postpone the capital improvement proQram, because there is a direct reduction in the mill levy. II. Capital Improvement Bonding A. Pros 1. Assuming continuous infJ_ation with the corresponding decrease in the value of tlze dollar, the total value of the dollars used to pay the annual_ debt is less than the actual value of dollars worth of construction purchased. 2. The City is spreading the cost of paying for capital i.mprovement projects over the same period of time that the benefits of the projects will be realized. 3. It is easier for a politician to continue the Capital Improvement Program when it can be bought in one year and paid for in install- ments, starting a year later. B. Cons l. In total number of dollars, a bonding program has a larger debt than a pay-as-you-go. 2. Engineering and Design of a capital improv�ment cannot start until after bonds are sold and the money is in the bank, usually not until late February or early March of a given budget year. • -17- � � � NG rr NO ct r-i d' � Iz O O � O � O N M f'• f.' fT N iA ' n � � a ro � f* h7 O N N� fT (D �'f ttl 'V N F'• SL pi f5 W K F'• O 'S m � � Ul (n W u� (D G W �,, � C u. G G � O C7 � G N W F'� £ N F-' h+ O �Q F+ O (1 I-� N 7 O W n I m £ W H u�i a ro � C'� U7 � r� W N- O �A ~ N 4 rt � �p � Q � l� O G l� O G O ro N C7 O N roxc� o r *rt � � n � �' � � z n � � cn e �' .°� w o "n � H � � om oc�i�o ao i � �a n c rt o � � N m `N' u K E r�r G G � n x th n H t� � i N � r � � �. � x- a x a � x x rt � � o r�r �' m x m m � m r � � c p � o cdo � v x � � r ai � � p�, m m e° N o � 1 K O N fi � .r . rt N r r r r � i � i � rn m a' ^ a' ^ m y J OJ J OD J . OD J OJ �] H � p a � a � � � w � � H ro z � N � N � fn � U) I � Q J J J J J H .� ,p A A �P lJ� � �{ H � . H C — z° � w in v� tn �o 0o n �cn n v, �o [ K dP dP d oW dP d N J fn �] N � O rr • rt • �n z H '� F' N N N 'J � N Ut ff� W � � �3 H `i ti M �S H �S � I `� 1 J � d h1 N N (D (D �y' N UI Ul Ul (D (D rt J � 6� N H H N N N N � J � z . � . H z � d w tn tn tn �o �o m w r I n� r.� c.� w �o � X J �P W N� � � W w J W O O J N N ['l � •�..�..�..�• O •1• O •I• 1-+ N p1 61 J ln l7� 0� OD 00 W t OD t OD W � + •N � } •i• O� II II II II r r 0 r O�x N OD J ~ 1�1 x iP m rn rn 0� r A o ln� II 6rn [+1 � � � � 11 � II w� � N W II N � 1-� �o tn II r tn Z t�ii N W W X w � n� � � n H m m '" m u i.� w •° i-� w �' c n N m w r � m n�i m C H i,,, v, v, u, u�i m rNr m vWi m w u�i w � o � a w n� ct w • m w ao rt w H z N• �e � �e �a rt m i w m o + + + + z m m r• �G � H �arnmrn N m � a � r°'r w n m a a a� ao rn in a 4c �c m n a n '� �n 0 n n u u `° �� c o `° k � K � rn v, u� m n a K K � m � � � i � o �o m a m rt m m � w a � K ra rnaornin �, N• m � m � v fD w m �d c�i n � m n � K m n -- rs � m a n m y N (D y ta/1 � N W N y � � �P 6i Vi lli F'' F' h-' H � � o �000 o �o w � z �or :" ;'' `" ;" n i n mo� rnu+ c» �a ,P r �i � r an aN ar aN °° w �, T� T� U�] � [y7 C7 tn in in tn tn tn tn tn � � O � u� rnm � oo � �o m �v> z � � rn 61 �P W W N �l iP I--' (] • [r] mww �n w w r rn p opn �P N �P O N O� � 01 A G O C O u� oHz O O O O O O O O y � C U1 O O O O O O O O �,U O � H 0 0 0 0 0 0 0 o q o r � � o M C y z n • O H I -18- -�+z . �..� G�' t.� C,." f..:: �:;; o � ,�a �'" i.w 6 �� P G �t/ f-�: (~�4 y f� �-`s ,�-,.��' `� ^" •��. " `� f�` 0..t � �:� r� �:� � �G- c-� �...� � ��- � �s ��,s �; c:� r;; � �..� c._ -�—� �' � � Ci20 NO. f�ICIIiG/\f�! /1VE. / Cf{I(;/'�i;U, IL.L. GUf:i11 / 31�?•G•�4�9133 . �10U C!J(=1ON /1VE. �Q. / h�INNf_nl'OLIS, PJIINN. GG5U3 / G12.o33c)��0�?7 ' '`��`1•l�(��'�..Y fn•.t�`* ' Decembc,�° 9, 197�- /.�'�� .`�'��``� - /'�.,�../ ��T f'�( '.( �w,; �"11��!�"' }. ,.. . . � �'� ��•i"��,_V'...t� r'r . t�r. Greg B1 ecs �-.� ,�.,�. �: ��. �.�s•� f':'+�� ' t; �, y., ;.... 4i�i ice oi t'r�e C�ii:y 3ud�ei; D��ec�or 1`�, 11 _.� . s_. , . _., Si;. Pa��7 Co��t fious� '�%\ r.;;,,��:; :, ,. . �-...,. {<<i�. 3G7 ` /,\ „ f\,.c St. Pu«19 ri�inneso�ca 55102 `'%�,�_. _.�c,<�^��l ''� <,,lf"—;�, ; �� , DLar f�'ir. 61 ee�: � ''`�--s='—�" Yuur i nqui ry renaru�i n� i nfl ati or�ary cans�i�uct:i or� grot�,�f1� comes at a very ap��,cp;�•�iate �ti!ne, as I have just-. co�;E�1eted an analys i s b�i.treen thc� ��ars 1 S�0 up to �;h� year ?_000. A gro�vi;h rate bet��een 1�C7 and 1974 ��,roul d reacl as �fol"I o�-rs: 1 . Jan 1�G7 �to Jan 19G8 = 7. ;/ ?_. Jai� 1 �G�; 'i,o Jan 1 �6�: = 7. 5h 3. Jaii 1909 to J<.n 197t1 - 8. 0;� . 4. Jan 1970 �o J�.�� 1971 = 14.�% 5. Jan 1�71 to Ja.�i 1972. = 1�i.U;, 6� Jai� 1�377_ i.o Ja_ri 'I�t73 - 13.U,� 7. Jan 1973 to Jan 197�� = 13. 5% � 8. Jan 1�7� to Jan 1�75 = 15.0% �c�ci�d f:oqethcr your net �i ncrease �'ro7; 19G7 i;o 1975 ti�;oul c� h2 -�92.5%. . The systc��r� vre uscd to establish �hese increases is to analys� 1;f�e avGi 1 abl e pri nteu �i ndec^s, pl us our o�.;�n ar:�;�,';,I� i nc!ex and �:hen i:o �lot bo�h i:heir past trends and 1;f��;ii� ��ojec��ed c�ro��r�h. 1�1r. G1 ees, I f�ape tll1 S 't 11f0i°ma�:�i on ��ri 1� be af so;ne hcl p to yo«. l�F I ca�� assis�� you ��ri�:h �nyi.l:iry in ;:he i';��ture, pl E�ase ca17 mE�. Best Reyards, . , �jly��e, -tr�:y,� �}•�t.�� r,�'J ��... .:.v.-- . ��.. . �,�; `i-hcociore !,. ,luy� !��,� -r,�'� ) 1 11J:�t,;i� —19— Information Fr�m: F. W. Dodge Repor_ts Division of McGraw-Hi_11 i�iinneapolis 831-5700 Gene Rosenberger Non-Residential Construction Cost for Ramsey County � Construction Cost Per Y�ar Total Construction Dolla.rs Square �`ootage Square Foot 19G7 53 , 9�35, �00 3, 152, 000 17. 13 1968 64, II28 , 000 4, 549 , 000 14. 25 1969 77, 970 ,000 3 , 539 , 000 22. 03 1970 71, 975, 000 3, 5�2, 000 20. 26 1971 68, 2.40 ,000 2, 971, 000 22. 97 1972 67, 516, 000 2, 577, 000 26. 20 1973 95, 883 , 000 4, 326, 0�0 22. 16 1974 (3/4�* 62, 780, 000 1, 663, 000 37. 75 *In�torina�ion for period oi time =rom 1-1-73 to 9-30-74. -20- Information From: Saint Paul Buil.ders Exchange Roger Nliller 224-7545 January, 1976 September, 1974 Construction Cost. Index � 100 183 100 Building Cost Index 194 (1) The Construction Cost Index is a twenty-city average for the cost of steel, cement, lumber and common labor. (2) The Building Cost Index is a twenty-city average for the cost of steel, cement, lumber and skilled labor. Note: The twenty-city average is for major cities across the nation and includes New York City, Chicac7o, Detroit, Los Angeles and Minneapolis. -21- � �1TY �� ' `bt� p 'i � I'f =x o ��.S,i� -c a �. '� > J� ^�` � I �'�' C� � S �. li� �' P �, l1L C�Fita! c�f M'iin�bs�ta DEE�.a�Yl��'��'f �� E��S�@G l��t� 234 Ci4y Hall & Cour� Hor�ao 5F,I Q2 Oec�r,b�r 19, 197�� Mr. Grc�qory �t��s City An;�gnistr�tari� 4ffice 365 Cify Hall Re: increas�d costs Qf pukalic i�aprov�-r�nt corestruc�:aa� fram 1967 to 1974, �� o tnflation. D�ar t�r. BlEes: In accorc��RGQ with yoi�r r��,�est ��,kdn4 th� ��ct of infi�tion on publ ic ir�proas�c::::;;ti�s duri�� t�c: �.�ia�v� ��rioc, � h�s� v�ria�s ��ctiar�s of Engi��=�ring and G��:.ign caic:�ol��e influt.d�n r��es �cr �imll�r �►r0jcwc�:� 6n a fashian that ceuld ��uat� 1974 eosts for i9�7 P�'�.l�cts. �'!-o� r�sults are as fol to�:s: l. Sev�r �o;�structies;n �- Com�ari�� hre� s�p�r�te �aroj�cts gave resp�c�:a�� i nf 1�t��n r�tes or 4r��o, 52% �r�d 58°� for �n av�rage inf lat ic�n rat� o� s2�o on s�va�;r cat str�sct i�n. 2. Brtdge� - F.xtr�°� �s�r3ation� hav� �cc�srr�d b�taa�en vardous it�°�s on bricc�� co�str�,a��ic�n as i��ntifd�d by th� f�ct th�t r�in��rcirac� steel h�, mare th�n doubl�d in cast �uring the 7 y��r p�riod and r��dy-r�ix concret� ha� incrc�s�c� �pproxi�.�teiy 35°I�. Th� ca�cpostte inflat�an ra�e f�ar brdel�� cerostruetion �v�r�g�s Qut to 53�. 3. Sid�walks - Comp�ring the v�r�cus annual district si�er��ik construct�un con�r�cts betr,��n the above years giv�s an incre�se of 5�% �ue to infl��i�n. 4. Street I'aving - Th��:rc� has b�en increasod rvchanizafiicen and constr�ac�i�n t�chni�aes in this cat�gQry, i�eiuding th� usw of autocr=atic curbing r�chines, suhcr�r�� m�chines, etc. tagether �ri�:N� less infl�tion ln the b�sic cor�struction materials, such �s asph�lt and re��y4r�ix conc�r€:t�, tog�ths:r �ri th ��rh�ps a �re�t�� c�sr�,et i t�veness amo�g thc co�tr�ct�rs, all of v:hich has r�sulted in an inflatiar��ry increase af 37% in ��re�t p�ving. -22- -2- . Que tc� th� tir�M c�:�straints on us tQ e9�v�lQp the �6�c�ve infarr��tian, it vaas done U� uti 1 izii�v s�v�rai rc�pr�scnt�ti�=� c�r►tracts in ea:h cat�gory, L�u t thas� ��su 1 ta are ��arpr i s i�g�y cca�:3�t�r�t i n th� �0 - 55% r�ngs� of i te�1 a t i a� ov�a- �the 7 ye�r per i od. P 1�asQ i�t nt� lu9ow shau i d yau e��s e re � furth�r inf�a�aatiAn. l�cxurs very tru i y, �'L ..E'/Y'C�� C /'L-�t�?'� �t�itG� %.�.. � � G. K�:n� Sch�a�b�rg�r �J � � �s�t. Cety E�g�n�ec' Q�s d ga� � Eng�r�ti�r i ng G�S:kjb -23- __.:. _. ., ., .. ,_ _ _ _ ,.. ,._,.__ ..g . ,.. .., �..,. . _. ._ . ,._. ,�.,.:,_. .. .,..__..,. . .....-_u __._.. _...�. ..,__,�., , -, ,......w.... _... ,.,..,_��,_ ��..r, .. h �� ORIGINAL PURPOSE FOR CIB LEGISL�ITION In the 25 years prior to the commencement of the CIB Bonding Program in 1�67, the only major c apital improvement projects constructed in Saint Paul were financed from the 1953 Second United Improvement Bond Issue. The City had no orderly pr.ocess for constructing the needed sewers, playgrounds, parks, � fire stations, libraries and other im��rovements. In 1967 a legislative bill was introduced by Representati.ve Fred Norton and Senator Nicholas Coleman which provided Saint Paul with the m�ans to tax themselves, through bonding authority, for thc purpose of financing needed improvements and establ.ishing an annual Capital Improvement Budget Program. The major purpose for establishing an annual Cap.i_tal Improvement Budget Program was to eliminate the major "One-Shot, Something For �veryone" and "Special Ini�erest Project" bond issues and to establish an on-going program whereby priorities could be established and projects plaiined and coordinated. The CIB process as formulated for Saint Paul fosters not just citizen input, but true citizen involvemer,t in determining priorities and makirig recommendations. Saint Paul chose the road to self-help by utilizing CIB Boncling legislation prior to any major effort by the Federal Government through the Urban Renc�wal- Nei.ghborhood Development Programs, and the Model Cities Program. Without the CIB Bonding Program, in the last nine years Saint Paul would only have had financed the new Civic Center and the new schaols constructed by the Independent School District #625. We can thank our far-sighted Saint Paul Legislators and local delegation for providing our City with the opportunity to finance the many "neighborhood-needed" projects, such as: Saint Anthony Park and Hoyt-Flandrau Storm and Relief Sewers Neighborhood recreation centers such as Arlington, Battle Creek, Dayton's Bluff, Hazel Park, Palace, Rice-•Lawson, Scheffer, and Sylvan The acquisition, restoration and development of Hiddeh Falls Park, Crosby Farm Nature Center, and Marydale Park Lexington, Sun-Ray and Highland Park Branch Libraries Payne Avenue and White Bear Avenue fire stations and Metro Fire Training Center Jaint City-School projects such as Frost Lake and Londin Lane Recreation Centers Paving and bridge projects such as Warner Road, Whi.te Bear Avenue Bridge, Marshall Avenue Bridge, and Hamline Avenue paving City-wide projects such as handicapped sidewalk ramps, mid-block lighting, traffic signals, opti-com system (fire truck traffic signal control system) , bike trails, picnic tables and tree plantings Baker School, ]iighland Park and Oxford Swimming Pools City-wide park impr�vements at Battle Cr�ek Park, Cherokee Park, Como Pask, and FIighland Park. -24- �..,� � GOALS ESTABLISHED FOR OBTAINING NEW CIB LEGISLATION r-[�r`�� 1. INCREASED FINANCING AUTHORITY AA90UNT, based on need and not on inflation. 2. Obtain FINANCING AUTHORITY BASED ON A FIXED MILL RATE which would provide for increas�d number oL do].lars as Saint Paul's taxable assessed valua- tion increases. 3. Obtain FINANCING FLEXIBILITY which would allow the City to finance capital impro�ements through bonds, and, or a tax levy outside the levy limit. 4. Obtain P�Rh�NLNT ANNUAL FINANCING AUTHURI"_'Y. -25- �•�: . ro � a � � . o � � � � � � � ro Gro r � d � rt N• n N• n ts' u~' � C H a� ° � � � uxi a �"r c�n ��-7 N Ul n n °►�' �' � i� c� z y co tn `� A �' N C () hi h] t!I �', H t' W ',�7 'd t' � � Z C � bd tr1 �'C3 G fi P� r• cD N W (D cD tD � Sv N I� � � n n � � b � c� x ro �' � � n � � � � cn N• �n �• n. � m � m N• m m K co � K x� a m m � c� •� c o w � � N• C � cn o E o m � m �' c� n �' � n � o � cn rt �, m N- � w c� o � a � a a a c cr m � � ,� N � co � n � a r* � � �* rs rr �• o n ro n � � c°'o `� a ro o a �u c� r� N- ,� �• �• �• � n c a o 0 � F. �r n cn Fa N N � � cn N• o d � o � o cn � r� n � � N• ►-. � �• o m � w r� �c � � m N• � N• � o u� x cn v� o N• � o w n m � � W u� �- c cn �r c� o �n u� �r �r � � r t 3 � K c � rt co 3 rr rr C� �u r- C� P� n m Q• s1 K M �q cn � N• rr �' � w m F�• m N rt � rt ro � � G G KJ � ►� c� n � � � o N� � w � �r ro ro m � � � a� mrom � �• � �+ rdorrorrc� w � a �* rr o � p [n ►t c� rt o t� c� � � m � m rs n a c� �• �• �+ � m m � o �• � x ro K m n n � �c c o o r� ro rr cn � w � u+ ro n � ro ro t� - co � � n , p� i-S [t A� ri U1 R� A� O R'� ct t i z �-i td �C ;r� �' ` �3 F,, G n C� � ',t1 � W O (D O F� '� :U n O R� � 4 I-'• _ '�7 (D �d tn ri H 'ti W £ �R � G (D cD '�S � H � • rt O i-' A� n fi F�• W ni hi i-t K W � () L'� � � iL fC � r• � �cm o � � oaw � • u� • �n � w a ro � M O I-�• ct F�• c� tn � � � 3 I-� N• � R� • [� � W F-' F-� (D F'• fi R+ [TJ O R'� C7 c't t-�• �TJ � � fn ct � C � N � � '� � 7 C �d ~• � H � R' F-�•�R � CJ � • A� 'd G tD i-S O x1 � ¢; �y t7 m � m n ro � n � � o � � � � co cn ro N• c co n cn o rr o w u� ro � m o � N °' w On �'� n �a, z N �U F, � p 1'i � � � �i i � K n � � 2� N y� 1 � �O . 7y • n � � w H ro w r �P � � cn N w N w o� t-� N w � N 0� � d y ( 1 � � O �v rn rn o� �n � o� w F� w a� o� �P u� t� � � H O G �-�i i N �1 � 00 ln lT� U'� Ut CJ� �1 6� O tl� O O W f-' J W O O 4 H � v p (Jt �] W O O O O O � O O O O O O V� �A O H LT1 F-I H ` p0 O O o O O O O O O O O O O O O O O O O t�"� H H � �, p O O O O O O O O O O O O O O O O O O O (!l t�J p p O O O O O O O O O O U O O O O O O O C7 � { C � �H '.�-" � y it ,p tn �P I tv H � � ro I ' O �p F-' N N Q� W F-' N F-' N llt N I--' N �A I--' �P �1 � C-1 � N N �3 I--' �P �1 �-i O Cn F-' N O ln O N W W v N � b S� Z � , {,,! 0� F-' l0 W 6� W W O F' �A G� d1 � O N �P 0� N O � lTJ '.� � �, o a, r v, a, i.,, �,, o �,,, in rn rn rn o 0 o w rn o 4 r '� ` p� o o, w wrn wwo w wrnrnrn o oow o o trJ O i J O � w w � w w O w w � � � O O O w O O y 'TJ �j i � � � tr] � � �-3 i td '�y f1� z S O 7. Z # � � � , c � � � � ; � € F-t H O t f [T] H � i z � � H � � � (t 1 X � ,p lJi � Ri N � l C H N N J !-' �A F' 6� C7 �T7 O w W F.., � w tn o H �1 H y ,b � 0� O Cn w W U � � � r J O v W w O O � -26- ►d d . , C tTJ b' hy • • td ro rn y cn E ro t+ r d � G G �• n (D N N N• r• H ;v ' N• b' W N £ F-' C �A c] C H a N a r-�i, n uxi �� c�t � c�i� E� N• � t� r• tn W r• O r-� � - � � tA CI R� W �' Z y N O fA fi fA 7�' r• R� � � I C7 f� � H (� �n � � (� K1 Cn (� � `�7 C� '.d l'� r� o a � o N• a o o rt o c� m o c n �• ro � �- cn c+ g w w r• � � o � � � cn � a cn � � m o a � � � rr � � �, ro m o o rt �n �• �• � � rt nn, nGa c� �rcr• � ac+ � an �r � a �r H �'i (D N �i' 1-+ � tD r+ � � K ri in (n (D fi W' (D F+• �' � 'd rt cD Cu cD � CJ �4 rt G [t rt cD G c-t � � �] C) ri �C C] ri �7 � W fi U� (� t'S �"i rt (� fD rt � z rt o �r �• cu �r � �- � a o n� c � �n rt a� N- �,. H r• N � � cv � � rn � n su o y o� m � om �• o � c� ,.a �• a� fic+ m E � r�, ►�- � � hs � cn rn cz � rt �' � o � �i ��-r cn c� ro H O U�i O C] N O n n � t~n K � (D F'• (D (D �' ct O �1 � fh C � W � O O O N•'�C G � I-• tn Cl rS � O t' (D W � U� � u. � tt N O (D N• O y (D c� tn z � � a tr c� N• r• � � � a s�. � � m c� t� m co � t� N• � rr o u� m �n � cr n � E am � �ro � x roc+ m � c+ ' G � y rt ►� cn m cn rt u, m a n r+ n w t-� �• bi tn N•`'C CL N• t--' C G hi N• G 1-� N• A� H � [v m � N• r• � � w � � � Ft N• w rr cn w m � cr c � ct ro �' t-� ro � rr m m �n w m a c-r �C [� � a �• � £ r� cn a. o � C �- � H w o c� u� ro N• �- n N• � � y � � n tn � o ro r�-� � � w `� � t� �n � o �n � � � a n � a, r� C �1 K rs a m r• o z � n N ro � � m r�r N �°s r�r ,� c°r N �R o v N m ' � t�i � �. rt � � � N � n � w c� N F� ro H ln 0� ln O �P w w H y N J N C� Ol O O F-' 00 N . 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O O O O O O O O O O O p p d hrJ (,� O O O O O O O O O O O O O LT7 H 0 0 0 0 0 0 0 0 0 0 0 0 o z n � H � W N F+ ai ° � � � ro ;p a � � � w � � �C � c.� v� p� o v� N d t-i- o �P lJi h-' � ,h �I ,p H y O � N d� O N l0 iv C � t" '17 t0 �:` Cl O O 0� W �y Ui � �l O f-� U O LT� � �A � � -27- N FZFTEEN-YEAR CAPITAL IMPROVEMLtdT PRGJECT R�QU�STS _ Estimated Annual Revenue Expectations _ (Based on Current Funding Levels) County Aid $ 950, 000 Federal Aid Urban 1,500, OQ0 Municipal State Aid ' 2 , 500, 000 Public Improvement Aid (City budget) 800, 000 Sewer Repair Fund 100, 000 Water Pollution Abatement Fund (City bands) 4 , 000, 000 Miscellaneous Funding, Grants and Agreements 1 , Q00, 000 $10, 850, 000 $90, 000, 000 rederal and State funds expected for Abatement or Combined Sewer Overfla��s adjusted to 15-year average � 6, 000, 000 TOTAL A�'NUAL REVENUE ESTINIATED $16, 850, 000 TOTAL AVERAGE EXPENDITURES IDENTIFIED $30,444 , 095 Less TOTAL ANNUAL REVENUE 16,850, 000 ANNUAL CIB FUNDING AUTHORIZATION $13,594 , 095 -28- . 2/15/75 ,.,,.t., r t-� r r N r� r r-� r t�� +1�.f11�� ' l0 i0 �0 �O 1O l0 l'J t0 �J �G C - M� % �I J �I �l J J �. 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H 7 � . � :3 fF � �4 N � y � O l0 1-� � �7 o w rr a �n m �o � • roy o xr o � � x ' � u� � H h' a. m � � N � n� u, � °. "' d L O G H N K � � � � w r o 7s H o rt r� . � ^, o ^ F- rn rt � m � '� Y r"r c n _ e o � �n w (C I{ W N 1 � � �'' iA • H � C N � �� W Ul � O A O � � � Z � 3 . � �c B f' M 7 � ` � . . N t0 N �O 61 � ;"� � �Q � N N hi a p u .� V�i UWi O � � R� �S G QJ H N t~i N x N N rt w p II H a � i ui � N d p, . v� ,p ,p �n z �' � � w r � � O� K N v � � � � 6� io � w �p O K F+• lD O �,. n O O O �1 v r '�' . M � � R' tr, �' p Y. � tn �P .P W Oi ~ y :C N � l0 N p. 1�-+ � � _ � W Oi N W O J ln N 3 H E �' 00 G (wU p, j�-�. O i O _ W O N rr (D ~ rt � O� � tn �P A H �G -- •t m w rt ~ ti o 'r' t-� � �p y o.�� n m i.� m o� , �c F. t-� i N�ro tr p a ,� n �o °o r-F'� °�° rn w � J ~ -. . rt ro n o '� ro u`D, K X ° � w ° °' N � o m ao O K Ul V-� H uO. C v � �P N O OJ ',� � M � m R. M m N y o �� o `i a u��. 7 a rar � F ° ? � v� a� ,a ,n y x o "C m C [Z rt I �n tn n� .� co w �., S' 'L ,n rnu G ro rt � d u' �' a� ;' v�,i m � W m r T M W O . K3 w a rr m � �"' � N m uWi r �' ?� '�y.f r � G w w N .�a � vi � O w ,p cn H tn Q � (D N fD � W � � p� a' •�' A J� 11� A A .1� � i� d :� a o i;� n' "' < rt i„ �n i� N J o� t� �' �' o ii �, � �' o m n� X c � � r � w w � m �o � Cy n a m m a N J r � m r N � '�' t' � < � a rr 9 . a o ,n `'' c; . O r �' n� m r-�' p� � W y rt N O7 � F-� - . H X `tl �� N fV ---- ".�`_ - O � r'i �A � �C. �A ln * � � �p � :� V1 Vl Vl 6� N +t 07 � �P 4-+ � �' . U r. W X� O ui d-� tL� _ '. _ .� l0 N l0 J �O Q� �l J l:i .!� t� �L. J � � ln N OJ lJ U: CO I�J J O1 � io i� i- m �n— ra ao -- -- ---`---- -29- � ` + h . • A b�.11 f or an act . � - relating to the city of Saint Paul; providing • ' for and authorizing issuance of general � obligations and levying of special taxes for capital improvement budget pur�oses . BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: . ' Section l. �SSUANCE OI' OBLIGATIOI�S; SPECIAL TAX LEVY; � � � CAPI.TAL IMPROVEr1ENTS .7 Notwithstanding any provision of law or cit.y charter ta the contrary, for the purpose of providing funds for the city� s annual capital improvement budget the council of the city of Saint PauZ sh.all have power and authority, by �resolution adopted by five affirmative votes of all. of its members, to annually levy taxes against alI taxaUle property ,within the corporate limits of the ci�y, and in addition thereto or in the alternative, annually authorize the issuance and sale of tY�.e city' s general obligations, the payment of which obligations shall t�e � � secured by the irrevocable pledge of the city' s full faith and credit. The total annu.al aggregate amount of such tax lev�� and general obligations shall not exceed the sum �qual to 18 mills applied to either the current assessed valuation of a11 taxable property located within th� corporate limits of said city or the current "taaable value" ot said city as calculated pursuant to Minnesota Si�atutes, Section 473F.0$, whichever calculation is the . , grea�er. Obligations provided for by this act shall be �issued and sold pursuant to the applicable provisions ot Minnesota Statui:es, Chapter 475; provided, however, that no issue or sale �, i. . � -30- • . ,,,,� ry ,�.1\ , - � ' • • . . � . i ` . ° � of obligations hereby autYiorized shall be required to be { . � submitted to or approved by the electors of the. city of Saint Paul. � . � _ � The counciZ is further autho�ized to levy and collect a tax to , � ► repay such oUligati.ons issued pursuant ta the authority contained . s . � herein and such obligations shall no� be included in. computi�ng the ; 'r; net indebtedness of �he city under ar�y applicable law or charter � provision. The receipt and expenditure of any maneys received f �. hereund�r shall not be included within the def:inition of any x . . lit�itation imposed Uy law or charter, and the �axing powers granted , � ' to the city in connection �vith this act sha.11 be in addition to � all. taxing powers now poss�ssed by said city, and sha.11 be deemed a "special levy" and shall be outside all existing tax levy limitations impased by law or cha.rter including those contained in . Minnesota Statutes, Sections 275.50 through 275.59, inclusive . The amount of taxes levied as a "special levy1Q pursuant to the authority herein granted shall not be used to reduce the city' s - annual levy limit base nor used to reduce the amount of property �axes that the city would otherwise be permi�ted to levy under the provisions of Minnesota Statutes, Sections 275.50 through 275. 59, i.nclusa_ve . � SFC. 2 . /`�H�SE POWERS ADDITIONAL^? The authorii:y and power � . � granted to the city of Saint Paul to issue bonds and levy taxes under and pursuant to the provisions of this act shall be in addiL�on to the Po�ver or authority con�ained in any o�her law or . st�t;ute . • � �. � 2. -31- � ` . .� .� . . • • a . . Sec. 3. LUSE OF PR�CEEDS; ADVISORY COMMITTEE_7 The proceeds . _ of all� monies authorized pursuant to Section �1 hereof shall be used � ; exclusively f or the acquisition and bet��rment of capital � improvements set forth in the annual capital improvement budget� and all projects contained in said budget shall be reviewed and receive a priority ratin� from the advisory commi�tee provided by aclministrative ordinance adopted by the city council in accordance with the city ch.arter. The priorities and recommendations of such committee shall be purely advisory, and no buyer of any authorized obligations sh.all be required to see the application of the proceeds . Sec. 4. �'ANNt3AL CAPITAL IMPROVEMENT BUDGET; ADOPTION; Ar�NDMENT�7 Annua� capital improvement budgets shall. be adopted and amended by resolution in the manner provided in the Saint P�.ul_ city charter and administrative ordinance adopted by the city council. Proceeds tor any obligations and/or special tax levies issued pursuant to Section 1 hereof shall be used only for capital improvements contained in the capital improvement budgets as adopted or as amended from time to time by the city council. Sec. 5. �FFECTIVE DATE^7 This act sha11 become effective only atter its approval by �a ma.jority of �he governing body of the , cii:y of Saint Paul and upon compliance with the provisions of � Mi.iinesota S�atutes, Section 645.021. ' 3. —32— • �,,.., f � • � � , .�, 1 � . 3 � rom ., v � � �'S X H � w 7 Ul iP W W N N M-�� f--' IS M � f'' F.• � � `J � 0 o u+ o v� o v, n� m .�3 c�'i� n rN+ � a r• G 0 0 0 0 0 0 0 o rt �-+ t� r• r� C r� � � 0 0 0 0 0 0 0 o m `+7 � a 0 0 0 0 0 0 0 o w � a �,� N � � r t�i x1 iv �-ni a � S 7' �. � � � � � r c�o % n N rdo n � N H rr a OD �P N O OD 61 �P W C � `J fF � ft N N N N N N N O � C'7 (D O 0 0 0 0 0 0 0 o r � n � O O O O O O O O � � N d y rt � _ �p � 3 3 N w r- o N r-� r-� r r r N � N N r N � i--� r N X � £ �o �o �o �o �o �o �o �o �o �o �o �o �o �o io �o �• r• o � O� J OD J W J O� J OJ J 00 �1 N J OJ �1 � � n r r � O 6� J 61 J 01 J 6� J O� J 6� J 61 �l 01 �7 K � O l0 l0 F'� F-' � N W �i F' F� (t 0� J F� N H N m n a � o N x w � ro — w H r. N O � n� r r N r-� r � 0D a' °` o � v+ r-• w �o r m �o rn m � �a w w n� �' n� w oo r m in w o r �P io o� rn w w w N rn o w in ly �P lO O l0 N W �1 O l0 J N �P Ut F-� �1 W O �P 0� fi' lf� OD W O � l0 O N W J l0 61 U� O� N lP OD �P ll� 01 O • • �• W O �P O� O f� N O N O H O N O W N �- w z ~ � n c G � � w r r a' n~i rn �o o m c - n� r c.> r rr N r a - - � � a H - t0 U1 N h-' l0 O 6� 00 W 0� l0 lT� 01 W �P N N W ll� F-� W N x O W O� l9 �P W N 6� O �O OJ N J u't �7 ln N O 01 N � W O ."0 �P J 6� 10 J O J I-� 00 N l0 W O �P 00 W � ` ` O� � t'l H . U1 N N W O �P OJ ll� 6� U U� 6'� W �I OD W � � � � � J rt F-� �/ �Q W N O J I-� O H � ln lp 1 H b �� o rt 0 � �' w z ,d r. n� N tt t a n n � N m z � � u, m o ro a �D ° N �, y � N fD N M k fD � � °' a M „� � w wrn o w �* � m n w r n� � n� r r r N � � tr' m r� v� �P n� r o �� co �a � o �n � w u� n� � � rn r o t-� m H G O � � � N o � � � � o �lw t.� 6� rin �t o � w � G ew x r o • rn w O w K mm �nN �o �o w � � in rw rnr oow m o- rt r-i z ei �C rnw ro w �o inoo � .� �orn N �n �tr ocn oo w � �� z N o � o � � � N • v N M N � � N f1 'G r � m a � �1 N C lT• p, N r � �n rn o � w r N r n� r r r r C M W (n 01 N N O OD 0� lJ� J F-' U1 J W� Ul N W �P �l �"' 0� W N l0 �P �P J 0� l0 10 N t-' lJ1 �P OD 61 ll1 0� f1' W l0 �P U1 .. n . . . . . . . . . . . � . . . . F'• W �P . N (D �O lfl �P �P F-' lD l0 �P 61 OD �A W N � W W O �` O d> F� CO J ln W F-' 1D W ln ln F-+ N 6� O � F-' �] O O . p O� �P O M O O N O M � ro m n � ro c fD a K w ,� � rr N• d � N, r r K VI O7 J w (p iP i--' W F-' N 1--' N I--' F-' N (j W J W W O7 F-' �P l0 l0 �I J� V1 l0 W J N F'• W N F-' l0 � r} 1-'�I-� 6� W l0 �P 1-' lP �P J J 00 �O l0 F-� 00 � OD l0 OD Vt � . . . . . . . . . . . . . . . . (t N O • N f; �l F-' 00 ll� �P J l0 t0 ln 1� O W 6� lA F-� N p• J t0 00 J W lT OJ �P� �P W �O N �P 1-' �I N h7 �I J O O a w � o p m n� o r -33- t . C i T Y O F S A�'��i��U L .,. OFFICE OF THE CITY ATTORNEY ; ; March 10, 1975 PIERRE N. REGNIER j i � � To the Honorab� � ' of the C� �` T' n d Authorization ' o �• � ' o �. � ul City Council , during '• - ''d•a�, c, �.ining to is suance o� � � �, � � nose of capital improve— . m� �,�',r K � trimruing pr. ogram were i di o �, � legal authority and ` pr �, � � � such bond issues to the ��- xl for approval prior ; to � � ` � o " 0 OP IN1 �� : Minnes �' vision 1, provides that a_ g � by law or chari;er may be � � obtaining the approva, �`� �ting on the question K �. for the follow— ing inst� `� � e is not neces— sary: 1. Bonds _ �aid judg— ments a ' 2. Bonas is 3. Bonds iss .� obligations � are payabl _� um the proceeds of special as: .� upon the property which is specific �ited by the improvement . 4. Bonds which are payable wholly from the incomP of revenue producing conveniences . , 5. Bonds issued pursuant to the provisions of a home ' rule charter which permit the issuance of the bonds of the municipality without an election. . City Hall, Saint Paul, Minnesota 55102 612 298-5121 , ' i • • . f ! City Council Page Two ;, March 10, 1975 �' ; ;: ,: 6. Bonds issued pursuant � to a provision of a law which � permits the issuance of obligations of a municipality � without an election. � Chapter 10 of the Saint Paul City Charter pertaining to financing has certain provisions dealing specifically ;. with this issue . Section 10. 11 of the Charter provides � - that bonds may be issued without the necessity of an ap— � . proval of the voters where the bonds are issued for the purpose of creating or preserving a special assessment . revolving fund or funds , or where the obligations are � payable from the proceeds of revenue producing projects . Section 10. 12 of the Charter contains language prohibiting ' the sale of other bonds without a vote of the electors . Said section provides as follows ; "The council , may by resolution approved by five of its members , provide fo r the issuance of othe r , bonds of the city, but no such bonds sYiall be is— sued unless the question of their issuance has s been approved by a majority of the electors voting upon the question at a general or special election. " Therefore , based upon Chapter 475 of Minnesota Statutes and Chapter 10 of the Saint Paul City Charter, in order for the City of Saint Paul to issue general obligation bonds for the purpose of capital improvements or a tree . trimming program, it is necessary for the City to either �:` establish a policy that the improvements will be paid for on the basis of a sppeific assessment agai_nst the property which is benefited by the improvement ; or the City could submit the matter to a vote of the electors at a general or special election; or the City Council could seek to �- have the Chaz•ter amended so as to allow for the issuance f � of such bonds without a vote of the electorate ; or the ; City could seek the adoption of state legislation author— ; izing the issuance of said bonds without a vote of the electorate . The question propounded by the City Council i;o this office ; with regard to the issue of submitting boncl matters to � the electorate for approval included a request as to the legality and procedure of submitting all of these bond finance programs. to the electorate in one package . In � order for there to be a proper statement of the proposition ; . � � � � ; 1 . City Council Page Three March 10, 1975 � on the ballot with regard to the bonding of these capi�tal ; projects , we would suggest that the following procedure ? be followed in placing this matter upon the ballot : i A. If the inteni;ion is to request voter approval for � . more than one year, it is our suggestion that the � program placed upon the ballot for approval WOL11C1 ' ' be the five-year capital improvement program pro- � � vided for in Section 10. 02 of the City Charter. . B. The proposition should specifically state the � maximuru amount of bonds which could be issued for p any one year dur�ing this five-year program. Plac- ing a formula type bond authorization, i .e . , amount of bonds equivalent to the amount which could be raised by a specific mill rate levy, rather than specifying a rnaximum amount of bonds which could ' be issued, wauld place the validity of the election in jeopardy. It is bond counsel ' s suggestion that a formula based upon an Linknown amount at the time of the election should be avoided. C. The proposition placed on the ballot should specify that this bonding authority is in addition to other authority for capital improvements provided by law. This way, the electorate would be advised that they are not voting for the entire capital improve�nent program for the City of Saint Paul , since there are other capital improvements which are authorized at - times by special laws . It should be pointed out that if the Council determines to submit these capital improvement bonding matters to `. the voters for approval , the same quesi;ion cannot be placed i;o the electors for a period of 180 days from the da�te of � the election if the first election does not result in an approval of the . issuance of the obligations . If the second }'' election also results in a voter refusal to approve the is- suanee of . the bonds , the mati;er cannot be submitted to the electors for a period of one year following the second � election. . ;: � i 1 �{ , . . � � • I .. . . Y • �': �,�� 1. �� 1 t � t City Council ; Page Four � riarch 10, �-975 �' i.. € If you have any further questions with regard to this � matter, please feel free to contact this office at any ` t ime . �. Yours truly, y'' �� ; � k ` t ' PIERRE N. REGNIER . ' City Attorney PNR:bl ' i cc : Mayor Cohen ' Thomas J. Kelley = , Roger A. Mattson f � � � i � �. �; � :: �. � + . . t . �, � ! ' � � - � �'"�b�� "/ � , , ` . . . .. � _� �_�,� � �� PROPOSED MAYOR-COUNCIL LEGISLATIVE PROGRAM (BONDING) Ca ital Im rovement Budget Increase to 7,600,000 annually $4,500,000 program increased on basis of inflation--permanent authority 9.81 mills $7,600,000 Housin Rehabilitation 2,000,000 for NDP areas, added to city program 2.58 mills 2,000,000 Rehabilitation of Lowry Annex 2.58 mills 2,000,000 TOTAL 14.97 mills $11 ,600,000 EFFECT OF PROPOSED MAYOR-COUNCIC PROGRAM TOTAL BONDING ISSUED INCLUDING PROPOSED MILL INCREASE BONDS PROGRAMS OVER 1976 YEAR (Mills) (Mills) 1976 17.30 17.30 1977 17.6 19.85 2.55 1978 16.9 20.54 3.24 1979 16.0 20.99 3.69 1980 15.2 21 .48 4.18 1981 14.3 21 .83 4.53 1982 13.0 21 .74 4.44 1983 12.2 22.10 4.80 1984 11 .5 22.50 5.20 1985 10.2 22.25 4.95 1986 8.6 21 .65 4.35 1987 7.9 20.41 3.11 1988 7.5 20.01 2.71 1989 7.2 19.71 2.41 1990 6.6 19.11 1 .81 (This chart assumes no increase in total ••assessed valuation) STREET P,EVITALIZATIG:� � Govei rar �nderson i s proposi ng to ��d about �T5.5 m-i i l i on to t�►e ' � - : exist�ng manicig�l aid formula an� to dis�ri��t� this increase on1y tp - m�.�nicipal�t;es. This am��r� represents th� aro;s earnings coilected on .rai7roads and te7e��o�e an� telegraph co�Danies. The proposa7 con�e�nplates th° distributia� of railr�ad gross earnin�s o� a 50/�0 b�sis b�tr•tezn th� outstate area ard ine m�tropo7itan area, anr to �istribute the tele�hone � and telegra�;� g�oss earnings on the basis oi i,n? po�nt of orjgjn of ,the e�rnings. It is es�imateu that aboui, 65% of �� Le1e�r�r;e and tele�raph � earnings ur� g�n�rat�3 in the 1•letrapoli.tan area. Un�er this for��;�ala, St. Pau1 's shure ti�r�uIn be appro,�cimately �5,2Qi�,CpO or 6.7 mills. It is r,�� presently clear arha� p`rce:��ago Of this amoun� t•y�ill� � represen� pro�er�y tax re7 i ef and arhat pz•rcer��?;e s•r i l 1 be noney ava i 7 ah1� to fund city pro�r��s. 41e suggest that tn� cliy suppo�t a distribu�ion such as the �ollo;•ring: - Ci ty Ope•rations 2.6 ri l l s $2,000,000 � , � S�ree� Pev�talization " - . 2,100,OOJ Tax P.e7ief � ].� " i,100,000 - This t•,ou7d add�ess the concern exp5�ess�d by Councilman F��zza, - among others, ti�at ti,l� should pursue increase� s�a�e aids rat��r� than ` relying on our be;:�in� program to m�et al] of o:�:� capi�al n�eds. Such a - distrin,tion c�ro:�lc, in addition ta providi;,g r,�_d�� sustenalce f�r fin2 eity`s - operating bUC�G2�S r;��ke av�ilable �2,100,00;i T;;�� ;;� s=r:�t revitalizu�ior� - proyra,�. A�d�t�czal ��mding for� si,re�t ir�;;::,�,-_;:;��s cc.ilci co��,e iro:,, tn� 7i'�1'E?tS�� c!:�7U;�� Or �Ig �0 i�1Ci;,J c�.U4hJY'7ty� �S i�°1� 25 Lfl�l?ii�(l CG:�;�i!!7?j�jl d°velop��,ez�� blo�k gra�� fun�s, 4rhicn are prese-ci.�� a��,��oria�ed f�, '. ,:• s�ree� 1�';pfOV��nts in conc��trated renabi7i�a�ior, ar�c, , a.n� th2 put'SU7L aF alterna�i�r�s st�ci; as increased fedet,al , state a.r,� c��n�y �z�'r��:;ay aid. In ar; event, this prograr;� t�;�uld e�r_�l2 i,(I° city to r;�};e a signifi�ant start ar, a stree� revitalizatio,� r��ogra� s�:�t�o�rt tn►,usting an additional �u:ae� on the taxpay�,r, . . . ' . SAINT PAUL AREA G'�IAMBER OF COMMERCE . Local Government Task Force RECONIl�4ENDATIONS REGARDING SAINT PAUL CAPITAL IMPROVEMENT BONDING REQUEST Madam President, and Members of the Council: My name is JOHN COSTELLO, and I am appearing tonight on behalf of the Local Govern- ment Task. Force of the Saint Paul Area Chamber of Commerce and its committee on city bond- ing. Our task force appreciates the position of the City Administration and the City Council supporting the continuation of Saint Paul's Capital Improvement Bonding program. We strongly support that position. This bonding program provides Saint Paul with a planned orderly process for improving and constructing needed public facilities such as sewers and fire stations. With legislative authority for the $4-1/2 million C.I.B. program termin- ating this year, there seems to be little debate over whether or not the program should be continued. There has, however, been considerable discussion about the amount of the proposed bonding authoritq. We believe a req est to place 18 mill authority on top of our present mill rate �£v��ga�- �- �T�--...i'y- would be unwise. It is our opinion that it would place too great a burden on property taxpayers, both business and residential, during this time of recession. In addition, there are other city needs, such as police cars and fire trucks, which cannot be financed by capital bonding which we believe should be weighed against these programs. We believe consideration should be given to approving the $4-1/2 million program adopted in 1970 plus the inflation factor since that time. It is our understanding that up to $3 million would be needed to meet increased construction costs since that time. We would also recommend consideration be given to staging the increase so that the total amount of new bonding would not exceed $7-1/2 million. As an example, if a Housing Rehab program of $2 million is found to be needed by the City Council, a request for the C.I.B, program /� � -� � � � for 1976 would be $5-1/2 million..(�.,� � ,�� '��j�_� —� �,��,� ',�i �� , _ C�,� � =P, /c C,- � � �' ;�.t�;o��,__-� .�`�p .. '' a ;, , l , > - - ,J'�� , , J__ �.\,�, � , , . �- (��.�';� + /�,' .�+'� ' �'_ � c� �'�%? •�� , ,%� ✓ ` , ' �'2- ✓— - , . � ,7 % . ..(�'�� t��_ ��_ �-.".��./U LOWR.Y ANNEX �� . We are aware of a study which concludes that the City could enjoy cost savings by purchasing the Lowry Medical Annex. In considering this proposal we hope you will take into account all aspects affecting the final cost to the City, including: 1) The cost resulting from the loss of taxes from the Lowrq Annex building; 2) The effect of the loss of income to the Building's now-rented space to city agencies on their ability to continue to pay taxes; 3) Increased cost due to the fact that more space is provided in the build- ing than the total of presently rented space; 4) Additional incidental costs, such as remodeling and relocation fees. If, after consideration of these points, the purchase of the building still pro- vides cost savings to the City, we would support the proposal. We do suggest, however, that as a means of offering control in determining actual cost savings and as a means of complying with the spirit of the 6 percent spending limitation imposed by the State, the City continue to charge affected city agencies and departments rent and apply the funds to cover the debt service of the building. We do not suggest this is a means of preventing relief to the maintenance and operation budget, which is already prevented from expanding to meet the needs of inflation. We simply believe that this is not the way to obtain relief, nor is this the way to allo- cate the spending of any potential relief. Instead, we believe relief must be accomplished through state aids returning to Saint Paul on a fair basis some of the resources which we provide to the State of Minnesota. As you know, we strongly support you in this effort, both through our contributions to the McComb Study and through our efforts with legis- lators. 3TREET IMPROVEMENT We believe the street improvement program should not be a separate part of the city's present request for bonding authority. The complete program would be very large and costly. If it is to be undertaken, we believe a referendum would be desirable. Specific street projects, however, might be considered by the C.I.B. Committee for pri- ority rating. . , . � -3- PERMANENT AUTHORITY It has been proposed that the City Council seek permanent bonding authority from the city. It is our belief that there is little real advantage to making the program per- manent. If inflation continues at even a modest rate, we believe the city wi11 desire at some point to approach the Legislature for an increase in bonding authority to counteract the effects of inflation. We see much advantage to renewing authority on a periodic basis, not because we wish to see the Legislature run the City's Capital Program, but rather, because it forces the City to reconsider its program and its priorities. In addition, it does offer an opportunity to increase authority if needed. It is our opinion that we need not fear that the Legislature would not approve a modest program for a time period of 6 years. The Legislature, however, may have some concerns over the establishment of a permanent dedicated fund. We share those concerns. LIMITATION It has been proposed that the program be limited on a mill basis, rather than a dollar basis. This would have the advantage of offering some growth potential if the program were to be approved on a permanent basis. In such a case we would support a mill rate limitation. However, if the program is to continue on a 6-year basis, we see no need for such a change. We do believe that if a mill limitation is approved, consider- ation should be given to the effects of the State Tax Commissioner's program to equalize the assessment sales ratio throughout the state. If such a program were approved this year, it is our belief the city would receive a windfall of approximately $600,000 which we believe should be subtracted from the mill limitation. THREE-YEAR. PROGRAM There has been considerable discussion about enlarging the City's Capital Improve- ment Bonding program at this time to allow creation of more public construction jobs to offset limited construction jobs in the private sector, and thus a11ow the city to "prime the economic pump" putting more money into the economy. We do not favor a large new C.I.B. program because it wouZd be financed from the property tax which, during these times of � ' � -4- economic recession, can be an extra burden to both home owners and businesses. We do suggest, however, that study and consideration be given to the possibility of operating on a three-year basis rather than on an annual basis to allow extra flexibility in timing public projects to coincide with decreasing private activity. This proposal would provide some flexibility while maintaining control over total expenditures and maintaining an even debt program. COMPREIi�NSIVE C.I.B. COMMITTEE The taxpayers of Saint Paul are affected not only by the city's debt, but also by that of Ramsey County and the School District. Therefore, we would suggest that these agencies cooperate by authorizing and appointing a joint capital improvement committee to review ar.d prepare recommendations on the total bonding proposals of all such agencies. While such a coromittee could only present recommendations, we believe these recommenda- tions would help each of the agencies involved coordinate programs and better consider the total effect on taxpayers. � Madam President, and Members of the Council -- These are our recommendations. I would be happy to answer any questions you may have. 3-12-75 , � . MY NAME IS ALLEN 0. ASHLEY OF 968 WEST IDAHO AVENUE MY FIRST COMMENT IS THAT WE ARE NOT AGAINST PROGRESS AS SUCH, PROVIDED THAT THE FUNDS REQUESTED ARE REASONABLE, OF REAL NECESSITY� AND AT A TIME WHEN THE ECONOMY IS NOT AT SUCH A LOW EBB. YES, IT IS TRUE YOUR POSITION AS COUNCILMEN IS NOT THE EASIEST ONE, IN ALL WALKS OF LIFE, YOU WILL FIND PROBLEMS T00. WE ALL KNOW THAT OUR � REAL ESTATE TAXES ARE AT ITS LIMIT - BEYOND A CERTAIN LEVEL SOMETHING IS GOING TO HAPPEN. I THINK IT BEHOOVES EACH ONE OF YOU COUNCILMEN TO TAKE � A SECOND LOOK AT THE BONDING OR LEVYING AUTHORITY BEFORE YOU SUBMIT YOUR REQUEST TO THE LEGISLATURE. TONIGHT, I AM REQUESTING OF THE PROPER AUTHORITY WHETHER IT IS THE COUNCILMEN OR THE MAYOR TO REINSTATE THE OILING AND SANDING OF THE STREETS IN ST. PAUL, IF THAT PROGRAM HAD NOT BEEN DROPPED BY THE MAYOR TWO YEARS AGO, THE HOLES IN THE STREETS WOULD NOT HAVE OCCURRED BECAUSE OILING AND SANDING DID A GOOD JOB IN KEEPING THE STREETS SEALED. W _ ' ' L_' - - - - -- � - - - - p-- - p� - - "j�- � -`- O_ r - -'--- i _._�_ �. QI .T;_ j___,__ �-1 �.-��. 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