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266250 WHITE - CITV CLERK ?��a�► PINK - FINANCE G I TY OF SA I NT PAIT L Council �,w.�� CANARV - DEPARTMENT BLUE -MAYOR File NO. �- � uncil Resolution ��r Presented By '��[''�-�' Referred To Committee: Date Out of Committee By Date WiiERE�,S, The Port Authority of the City of Saint Paul has informed the Council that it has prepared and made its budget for industrial development operations in 1976 under and pursuant to the provisions of Section 458.199, Minnesota Statutes, and that said budget for industrial development is in the amount of $130, 000; and WHEREAS, The said Port Authority has filed with this Council a certified copy of the resolution passed by said Port Authority requesting that under said law the City Council levy as taxes for the benefit of and expenditure for industrial development by said Port Authority of said amount, and that there be imposed upon the property legally taxable in the City a levy sufficient to produ�e the amount of $130,000; now, there- fore, be it RESOLVED, That unde� and pursuant to s,�id law referred to, Section 458.199, Minnesota Statutes, ar�d for the purpose of �aking avai�able said ssun of -�1�0, 000 for the support of the industrial� development program of said` Port Authority of the � City of Saint P.�ul, and subject to the maximum legal tax levy provided in said law, there be and is hereby levied for the support of said Port Authority of the City of Saint Paul on all property taxabl� therefor in said City, a tax for the year 1976, collectible ir� 1976, sufficient to produce the amount of $130,000 as set forth �.n"`the budget of the Port Authority of the City of Saint Paul and duly made of record in the minutes of the meeting of said Port Authority of the City of Saint Paul; and, be it FURTHER RESOLVED, That said amount is to be levied subject to the provisions of Minnesota Statutes 458. 199 authorizing 7/60 I COUIVCILMEN Requested by Department of: Yeas Nays Christensen �� Hunt In Favor Levine Rqedler A gainst BY �lvester fiedesco President� HOZZ3 Adopted by Council: Date Form Approved by Ci y A rney Certified Passed by Council Secretary BY By Approved by Mayor: Date Approved by Mayor for Submission to Council By By WHITE - CITV CLERK ^��0 CANARV - DEPARTMENT COl1I1C11 f . BLUE -- MAVOR � GITY OF SAINT PATTL File NO. ~r z .. _ Council Resolution Presented By Referred To Committee: Date Out of Committee By Date Page 2. o� one mill upon the dollar of the assessed valuation of all taxable property in said City (excluding money and credits) , together with the proper adjustments as authorized by state law; and, be it FZNALLY RESOLVED, That the City Clerk is directed to certify a copy of the tax levy as aforesaid for the year 1976, collectible in the year 1976� to the County Auditor of Ramsey County, immediately upon adoption and approval of this Resolution. 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Co ncil Resolution Presented By R d To ��q�3`� Committee: Date Out of Committee By Date WHEREAS, The State Legislature, in the 1957 Session did pass an Act described as La.ws of Minnesota for 1957, Chapter 812, which law created new powers and duties in addition to those duties already possessed by the Port Authority of the City of Saint Paul, said powers and duties consisting of the creation and development of industrial development districts within the City of Saint Paul by such Port Authority in line with the newly added duties and responsibilities referred to, �n.d specifically gr'anting authority to said Port Authority to ma.ke a budget for its opera- tions in the industrial development field under said new Act, and granting the power to said Port Authority to request the City Council to levy such taxes for such purposes; and WHEREAS, The Port Authority of the City of Saint Paul has in- - formed the Council tha.t it ha.s prepa.red and made its budget for industrial development operations in 1976 under and pursua.nt to the provisions of the La.ws of the State of Minnesota for 1957, Cha.pter 812, and that said budget for industrial development is in the amount of $130,000.00; and WHEREAS, The said Port Authority ha.s filed with this Council a certified copy of the resolution pa.ssed by said Port Authority requesting tha.t under said law the City Council levy as taxes for the benefit of and expenditure for industrial development by said Port Authority of said amount; and that there be imposed upon the property legally taxa.ble in the City a levy sufficient to produce the amount of $130,000.00; now, therefore, be it RESOLVED, That under and pursuant to said law referred to, La.ws of Minnesota for 1957, Cha.pter 812, and for the purpose of making available said sum of $130,000.00 for the support of the COUIVCILMEIV Requested by Department of: Yeas Nays Christensen Hozza [n Favor Levine Rcedler Against BY Sylvester ,,, Tedesco ,' ' President Hunt � Adopted by Council: `�Date ^�' Form Approved by City Attorney Certified Passed by Council Secretary BY By Approved by Mayor: Date Approved by Mayor for Submission to Council By By WHITE - CITV CLERK PINK - FINANCE GITY. OF SAINT PAUL Council � CANqRY - DEPARTMENT BLUE - MAYOR File NO. Council Resolution Presented By Referred To Committee: Date Out of Committee By Date 2. industrial development program of said Port Authority of the City of Saint Paul, and subject to the ma.ximum legal tax levy provided in said law, there be and is hereby levied for the support of said Port Authority of the City of Saint Paul on all property taxa.ble therefor in said City, a tax for the year 1975, collectible in 1976, sufficient to produce the amount of $130,000.00 as set forth in the budget of the Port Authority of the City of Saint Paul and duly ma,de of record in the minutes of the meeting of said Port Authority of the City of Saint Paul; and be it FURTHER RESOLVED, That said amount is to be levied subject to the provisions of Minnesota Statutes 458. 199 authorizing 35/100 of one mill upon the dollar of the assessed valua.tion of all tax- able property in said City (excluding money and credits) , together with adjustment for untaxed persona.l property as authorized by Minnesota Sta.tutes, Section 272.64, adjustment for homestead ex- emptions on real property as authorized by Minnesota Statutes, Section 273. 13 (7a) , and adjustment for sales tax replacements as authorized by the Tax Reform and Relief Act of 1967, La.ws 1967 Extra Session, Cha.pter 32, and particularly provided for in Articles XV and XVI of said Act; and be it FINALLY RESOLVED, That the City Clerk is directed to certify a copy of the tax levy as aforesaid for the year 1975, collectible in the year 1976, to the County Auditor of Ramsey County, immed- iately upon adoption and approval of this Resolution. COUNCILMEN Requested by Department of: Yeas Nays Christensen Hozza [n Favor Levine Rcedler Against BY Sylvester Tedesco President Hunt Form Approved by City Attorney Adopted by Council: Date Certified Passed by Council Secretary BY BY Approved by Mayor: Date Approved by Mayor for Submission to Council By BY _ � . � CtTY �� , s � �i w - '� o :Co CaCvoov::C '� a °..oa4�a° b v�s ' ho C ITY OF SAI NT PAUL .�.. OFFICE OF THE CITY ATTORNEY September 10, 1975 PIERRE N. REGNIER Members of the Council of the City of Saint Paul On August 19, 1975, the Port Authority of the City of Saint Paul passed Resolution No. 1004, a copy of which is on file with the City Clerk, which in effect requests the City Council to levy taxes for the benefit of and expenditures by the Port Authority of the City of Saint Paul pursua.nt to Minnesota Statutes 458. 199. This re- quest by the Port Authority and the subsequent resolution passed by the Saint Paul City Council is done annua.11y. It is requested tha.t the City Council place this resolu- tion on its agenda as soon as possible. For purposes of informa.tion it should be pointed out tha.t Minnesota Statutes 458. 199 authorizes the City Council to levy taxes for �he benefit of and expenditure by the Port Authority not exceeding in any one year an amount equa.l to 35/100 of one mill upon the dollar of the assessed valua,tion thereof upon all the taxable property in the City of Saint Paul, excluding money and credits, and tha.t any money levied for such purpose shall be paid over by the County Treasurer to the Treasurer of the Saint Paul Port Authority for the expenditure by the Port Authority as in its judgment best serves the public interest in carrying on and executing the duties of the Port Authority in creating industrial development districts. The statute specifically provides tha.t such tax levy sha.11 be iri addition to and in excess of any limitation upon the amount tha.t the City of Saint Paul is otherwise permitted by law to levy as taxes. Very truly yours, �� . PIERRE N. REGNIE Cit_�rney � . 5 ��• THOMAS M. SIPKIN Assistant City Attorney City Hall, Saint Paul, Minnesota 55102 cc:Robert Sprafka. 612 298-5121 • • � ��TY U� � . �.�' �r� w -' ,� x o CCe:Co::vC::: `a 6 9•��•� ab CITY OF SAINT PAUL `�s ti�` +.a OFFICE OF THE CITY ATTORNEY September 10, 1975 PIERRE N. REGNIER � R . �� , ' `' ; ��" � �, �, ' t;r` a � � 3 r:z��J�J G Li::.::aJ �E�' 1 � 1975 Urri�;t Ur JGrfiV �, C�i��,Ji"'�:��i'�1. Councilman John E. Christensen City of Saint Paul 716 City Ha.11 and Court House Saint Paul, Minnesota 55102 Dear Councilma.n Christensen: Per your request of September 8, 1975, attached is the resolution requesting the City Council to levy taxes for the benefit of the Port Authority, and also attached is a letter to the Council members explaining the resolution. Very truly yours, (C�.t�•�-t_� , PIERRE N. REGNI City Attorney / S 'j,C . THOMAS M. SIPKINS Assistant City Attorney TMS:er Att. City Hall, Saint Paui, Minnesota 55102 612 298-5121 � , ,� , , Resolution No. 100�, . � RESOLUTIC.�;_ OF T"= PORT AUTHORITY OI' THE CITY OF SAINT P�ti- RESpL�'ED, bv the Port Authority. of the City of Saint Faul that it nerebv respectfully requests the City Council of the Citv of Saint Paui �o le�� as taxes for the benefit of and expenditures for its 1976 Budge:, for industrial development, by such Port Authorizy, an amount of �r.e Hundred Thirt�- Tnousand and no/100 Dollars ( $130,000.00), and, be i� , FURT'rIER RESOLVED, That said amount is to be levied sub,iect to the provisions of i.4innesota Statutes 45g.199 authorizing 35/100 of one mi�i unon the dollar of the assessed valuation of all taxable propertv in saic Cit,y ( excludin� money and credits ), together tivith ad,justment for untaxed persor.al propertv as authorized bY Minnesota Statutes, Section 27�.0.�, adjust�ent for homestead exemptions on real property as authorized b;; 1..innesota Statutes, Section 273.1'3 (7a), and adjustment for sales ta�: replacer�ents as authorized by the Tax Reform and Relief Act of 1967, Lav:s 1Q67 Extra Session, Chapter 32, as particularly provided for in Articles XV anf .l'VI of said Act: and be i� FINhLLY RESOLVED, That the City Council is hereby advised bv tne Fort Authcritv that the moneys to be obtained from the lew of such uuthorized tax are to ena�le the Port Authority of the Cit�� of Saint Pau= efficientiv and in the public interest to continue to carry out the air.:� Gr:d �ul~voses of the aforementioned Act in the operation and expansior cf itG Ir,dustrial Development Districts as provided in the aforementioned r ,.. Adopted: August 19, 1975. � . /; � ��:�� i ' _.. � � President �; Por`t�uthority of the;�Cit;� of Saint Paul I hereby certify that this is a true and l�ttest:_ ,� correct copy of Resolution No, 1001+. ._. ') ;' ,�� > �_ ,..% /,' L�_��L"�I 4 �� / �/ � �. � � � �� Secre ary ' ROBERT F. SP KA � � EXECUTIVE VICE PRESID PORT AUTHORITY OF THE CITY 0 �ST.PAU] Subscribed and sauorn to before me � this lOth day of September, 1975. ��u�.,�. � ��-�,�.c�� `�°°�;�.., MARTA K. SIEBELL �-;'!�F�,� NOTARY PUBLIC—MINNESOTA '..1,\�� RAMSEY COUIVTY i �_�...:•� My Commission Expires lune 2,1977 ,r, ------- VIT�'� �� ►�13�iti'�' �j�.�J�J r ,s.�� > �- o�,�,i�c�� :� �ii�, �i�c� c3r��c_LZ. � � � . �_ � � � .:1 :,� , , , r : � ��_�� `,\, - '�� , Da t e . Nov. 18, 1975 �� C 0 �'s�i �� i��" c.�'.. E � � P � �i �' O : �flin� Pau! �i�� CQUn�� 'R4 �� = Cor�r�i��e� r�n FzNaNCE � Robert Sylvest� , chcirman, makes tt�e follo�r�ing report on C. F. ❑ Ordinance � Resalution . [� O�h�r � �� L E � Report of the Port Authority on the 1975 Budget. 4/1/75 Please remove the above listed item from the calendar of the Finance, Mgmt. & Personnel Committee. This budget was reviewed as part of the City Budget Process. Cf�Y `rJ:'�I,L `�rV�::'';Yi Fi,O"'�'. 5.��f�`T �'r,i.;"L, ;,i��tiF��r: S5i(32 . � CITY OF SAINT PAU 4�c1=Y �� R� b �e �°i � Rose Mix o .....„:.; -� Z g 1975 Alberl� B. Olson City Clerk and �� :'•-_-�' " � ��' S E P Council Recorder Council Secretary �� c +.« p�FICE OF ROBERT SYLVESTE OFFICE OF THE CITY CLERK BUREAU OF RECORDS 386 City Hall St.Paul,Minnesota 55102 Phone 2s8-l��r " .y.;..:: , � '�. � % i Y !'� / 4. � �t�..d September 25, 1975 `� y� � �, ' t ��. ; ";�,�,.--. �� k Councilman Robert Sylvester � Chairma.n Finance, M�anagement and Personnel Committee Deax Sir: The City Council today referred to the Finance Committee for consideration and recommendation a proposed resolution levying a tax i.n the amount of $130,000.00 for Port Authority operations for 1976. s truly, ��" , �-k /�l, � Cit Clerk� Y � AO�sc cc: Mr. Sprafka Port Authority 5�,5' .,�-� ' - - • - - - . . - -- - - - - - - - - __ __ . _ __ WHITE - CITY CLERK � � � � PIKK - FINANCE GITY OF SAINT PAUL Council CANARY - OEPARTMENT � BLUE - MAYOR File NO. Co ncil Resolution Presented By R d To ��9��'� Committee: Date Out of Committee By - - Date WHEREAS, The State Legislature in the 1957 Session did pass an Act described as La.ws of Minnesota for 1957, Cha.pter 812, which law created new powers and duties in addition to those duties already possessed by the Port Authority of the City of Saint Paul, said powers and duties consisting of the creation and development of industrial development districts within the City of Saint Paul by such Port Authority in line with the newly added duties and responsibilities referred to, and specifically granting � authority to said Port Authority to make a budget for its opera- . tions in the industrial development field under said new Act, and granting the power to said Port Authority to request the City Council to levy such taxes for such purposes; and WHEREAS, The Port Authority of the City of Saint Paul ha.s in- : - formed the Council that it has prepared and �ma.de its budget for industrial development operations in 1976 under and pursuant to the provisions of the Laws of the State of Minnesota for 1957, Chapter 812, and that said budget for industrial development is in the amount of $130,000.00; and WHEREAS, The said Port Authority has filed with this Council a certified copy of the resolution passed by said Port Authority requesting that under said law the City Council levy as taxes for the benefit of and expenditure for industrial development by said , Port Authority of said amount; and tha.t there be imposed upon the property legally taxable in the City a levy sufficient to produce the amount of $130,000.00; now, therefore, be it RESOLVED, That under and pursuant to said law referred to, � Laws of Minnesota for 1957, Chapter 812, and for the purpose of making available said sum of $130,000.00 for the support of the � COUNCILMEN • Yeas Nays Requested by Department of: Christensen Hozza In Favor Levine Rcedler Against BY — Sylvester ,� Tedesco fi t' - President Hunt � i . " Form Approved by City Attorney Adopted by Council: �Date Certified Passed by Council Secretary By By � Approved by Mayor• Date . Approved by Mayor for Submission to Council n�. T__ �C1�V CLERK _ __ _ ._.._..._.. _ � FINANCE GITY OF SAINT PAZTL � Council AN,CRV - DEPARTMENT � BLV E - MAYOR File N O. Council Resolution Presented By ' Referred To Committee: Date Out of Committee By ' Date 2 . industrial development program of said Port Authority of the City of Saint Paul, and subject to the ma.ximum legal tax levy provided in said law, there be and is hereby levied for the support of said Port Authority of the City of Saint Paul on all property taxable therefor in said City, a tax for the year 1975, collectible in 1976, sufficient to produce the amount of $130,000.00 as set forth'� in the budget of the Port Authority of the City of Saint Paul and duly ma.de of record in the minutes of the meeting of said Port Authority of the City of Saint Paul; and be it FURTHER RESOLVED, That said amount is to be levied subject to the provisions of Minnesota Statutes 458. 199 authorizing 35/100 of one mill upon the dollar of the assessed valua.tion of all tax- able property in said City (excluding money and credits) , together with adjustment for untaxed personal property as authorized by Minnesota Statutes, Section 272 .64, adjustment for homestead ex- emptions on real property as authorized by Minnesota Statutes, Section 273. 13 (7a) , and adjustment for sales tax replacements as authorized by the Tax Reform and Relief Act of 1967, La.ws 1967 Extra Session, Chapter 32, and particularly provided for in Articles XV and XVI of said Act; and be it FINALLY RESOLVED, Tha.t the City Clerk is directed to certify a copy of the tax levy as aforesaid for the year 1975, collectible in the year 1976, to the County Auditor of Ramsey County, immed- iately upon adoption and approval of this Resolution. COUIYCILME[�1 Requested by Department of: Yeas Nays Christensen - � Hozza In Favor Levine . . Roedler Against BY Sylvester Tedesco President Hunt ' Form Approved by City Attorney Adopted by Council: Date Certified Passed by Council Secretary BY / By Approved by Mayor: Date Approved by Mayor for Submission to Council By � By . The attached table shows the Port Authority's debt service on existing bond issues and increases anticipated in the mill levy if the pro�ects contained in th� 1975 budget are accomplished or contracted for in 1975 or 1976. The column B the amount of tax levy and bonds that have already been authorized by Council resolution is shown. In column C and D costs anticipated to be essential expenditures by the Port Authority staff are shown. The Column headed "Taxes Port Authority Development" shows the taxes collected from Port Authority development. The column fails to mention that these taxes are collected for the School District, Ramsey County and the City of St. Paul. These taxes should be divided by approximately 1/3 to show the additions of revenue for the City of St. Paul. The mill rate that the Port Authority anticipates for the next five years are ahown in the mill levy columns. These columris correspond to the bond issues in the corresponding lettered columns. For instance, Column A represents the basic tax levy authorized by the City Council; Column B represents the tax increase from the§2,2500,000 bond authorized by City Council; Column C represents the mill increase that a $1,150,000 bond would mean; and Column D represents the mill increase for the $2,000,000 dollar Am Trak bond if approved. Under the Mill Levy Columns I have shown the mill levy increases over the 1975 level. In 1976 the Port Authority best estimate is that their mill levy should be 2.192. This represents a .4590 mill increase over the 1.733 that the Port Authority received in 1975. c�:vLiinL OIiLIC',.��r1o�i �o��1lls . TAX Lli�'Y . ' � � D (1- 1-7G; YLAI: Or (9- 1-75 ) (9- 1-7G) ' 1�tlTR/1K COLLl:CT- INC1t1:nSL' 2 ,250 ,000 1 , 150 ,000 INCRLASE 2 ,000 ,00( TION TI\X LL'VY (llL'CR1:A51:) @ G . 5 o C� G . S � (DI:CI:I:ASIi) @ 6 . S -"„ 1970 1 ,2U9 ,U54 1 1 ,139 , 7JU (GJ ,2G4) Z 1 ,508 ,058 3G8 ,2Gd 3 1, 367 ,5c13 (140 ,550) 4 1 ,345 , 352 (22 ,15G) S 1 ,342 ,9J7 (2 , 355) 6 1 , 330 ,421. (12 ,57G) 153 , 5G2 73 ,�487 21J ,473 13G �5{�:�-. 7 1 , 31b ,2G2 (14 , 159) 185 , OOU JS � OUO 265 ,841 �,57 ,Of� 8 1 ,298 ,oJ5 (17 ,657) 185 , 000 95 ,000 262 ,3�13 157 ,00#� 9 1 , 307 ,335 9 , 140 135 , OOU �5 ,000 23J , 14(1 }57,Ut1'0 1J30 1 ,3J2 ,235 (S ,GJO) 185 ,U00 95 ,UU0 274 ,4U0 157 ,OODr 1 1 , 311 , s11 J ,07G 1�S ,U00 95 ,000 289 ,07G 157 �U00 2 1 , 304 ,800 (6 ,511) 185 ,000 J5 ,000 273 ,48J 157 ,000 3 1 , 321 ,5G�J 1G , 7G9 185 , OOU JS ,000 296 , 7(i�J 157 ,000 4 1 , 311 ,604 (� ,J65) 1�S ,OUO 95 ,O00 270 ,035. 157 ,000 5 1 , 311 ,412 (192) 185 ,000 J5 ,000 279 , II03 157 ,000 ci 1 , 32G �042 14 ,G30 185 ,U00 95 ,OOU 294 ,u30 157 ,U00 7 1 , 312 ,121 (13 ,921) 185 , 000 JS ,000 26G ,07�� 157 ,U00 8 1 �307 ,74G (4 , 375) 185 ,000 95 ,000 275 ,G25 157 ,000 J 1 ,230 ,203 (27 ,543) 135 ,U00 95 ,000 252 �457 157 ,(100 1:1J0 1 ,273 , 15� (7 ,044) 1II5 ,0U0 95 ,OU0 272 ,95G 157 �000 1 1 �108 ,676 (164 ,483) 185 , 000 95 ,000 115 ,517 157 ,000 l 958 , 158 (15U , 518) 185 ,�OU J5 �UU0 12J , 4�2 157 ,000 3 6G8 ,473 (289 ,G85) 185 ,OU0 95 ,000 (J ��85) 157 ,000 4 497 ,602 (17U ,87U) 185 ,q00 J5 ,000 9 ,130 157 ,000 S 48� ,U30 (8 ,573) 185 ,000 95 ,U00 271 ,427 157 ,000 u 374 ,J35 (114 ,045) 1�5 �OOU 95 ,000 1G5 ,955 157 ,000 7 3$5 ,22U 10 ,2�5 185 �000 95 ,000 290 ,235 157 ,000 3 3G7 ,455 (17 ,765) 185 ,U00 95 ,0�0 2G2 ,2�5 15� ,000 9 142 ,UUU (225 ,455) 185 ,U00 95 �000 54 ,545 157 ,000 20U0 135 �UU0 (7 ,000) 185 �000 �S ,UOU 273 ,000 157 �000 1 185 ,U�O 95 ,i�00 230 ,OOi1 157 ,UU� 2 185 ,000 95 �000 2�� ,000 �.57 ,U00 ' 3 185 ,000 95 ,�0� 230 ,000 157 ,0�0 � 185 ,U00 �S ,UOU 23U ,OU0 157 ,U00 � 185 ,U00 95 ,000 280 ,000 157 ,OU0 Tnxl:s r.n. . DIiVI:L(11'- TnxLS �li LI. L]:VY PII:,vT AI�'TIt,11: �1 13 C D TOTAL 980 , 590 1 , 517 , 342 1,575 ,2G2 1. 75G 1,41G , 197 1. 7�b 1.733 1. 71G . 1J� . 101 . 177 2. 191 1. 700 ..23� . 1?3 . 203 Z . 2G5 1. G7� . 23� . 123 . 203 2.241 1. 6S3 . 23� . 123 . 203 2. 253 1. 68U . 239 . 123 . 203 2 . 245 ' -+�+-�. �rr't.�..l-( ,1,e�.�c�.c�'v-�'� / 4' 7 � �Ca�4�- i9� � . y3a� �7� � .5 �9 �� . �so�b �9 � 9 :. .�a� �9�� ;�":��'a� �� , � �..�..�..: �. 0 a .,.�.—c.�--�� v�-� I� ,��- CITY OF SAINT PAUL C�TY OP 6 � �SQ y� Rose Mix o " .... � .........�. ^� Albeff 6. Olsos City Clerk and �� ..•_'.�° a'r Council Recorder Council Secreta.ry m� �o �.. OFFICE OR THB CITY CLERK dUREAU OF RECORDS 888 Ctity Hall St.Paul,Minnesota 55102 Phone,298-k��1 �C� � D L � A�� 1975 OFFICE OF ROBERT. SYLVESTER April 1, 1975 Councilman Robert Sylvester Chairma.n Finance Coffinittee Room 704, City Hall St. Paul, Minnesota Dear Sir: The City Council today adopted a motion accepting the report of the Port Authority on the 1975 Budget and the matter was referred to the Finance Coimnittee for consideration. V truly yours, � 1 ' ''/� City Clerk � ABO:dcm � � � � � � � PORT AUTHORITY OF THE CITY OF ST. PAUL ' ANNUAL BUDGET , � - EXHIBITS _ r . � � � � . � � � - � � � � � ' ' Y O F TI�1 E C ITY O F SA1 NT PAU L PO iiT AUTM O li IT 330 MINNESOTA BUILDING, 4TH AND CEDAR, SAINT PAUL, MINN. 55101, PHONE (612) 224-5686 April l , 1975 � Members of the City Council City of St. Paul City Hall and Court House , ' St. Paul , Minnesota 55102 SUBJECT: 1975 PORT AUTHORITY BUDGET SUMMARY , Dear Madam President and Councilmen: In accordance with Minnesota Statutes 458.16, Subd. 2, Paragraph (7) , we � submit herewith a copy of the 1975 Port Authority budget as approved by the Board of Corrnnissioners on March 25, 1975. t We have previously forwarded you copies of the Certified Audit report by Ernst & Ernst and a draft of the budget. A sumnary of the budget indicates a relatively small increase for the General Operations , Industrial ' Development, and Administrative and General Expenses. Following are the specific budget categories for property development or improvements deemed necessary to perform and accomplish substantial economic growth .for St. , Paul in 1975: 1 . To Complete Work Begun in Prior Years A. Riverview Industrial Park , � � (Ornamental Lighting) $ 2,100 $ 2,100 2. Construction Work to Begin in 1975 , A. Riverview Irtdustrial Park 436,965 B. Riverview Industrial Park West (Railroad Track) 256,000 C. Southport Industrial District (Sewers) 370,000 � D. Northport Industrial District (Phases 1, 2 and 3) 1 ,092,878 E. Land Acquisitions (HRA Open Space, etc. ) 1 ,206,977 � F. Dutch Elm Disease Tree Removal 8,000 $3,372,920 3. Special Projects Requested by the City of St. Paul ' A. Amtrak (Midway Site Development) 2,027,000 B. Eagle Street (Acquisition) 1 ,610,000 C. Riverview Industrial Park Barge ' Sanitary Facility 40,000 $3,677,000 RO�e�7 F. f►RAIKA EuG[NE A. K��u7, C.I.D. � DoNw�o G. DuwsH[e, C.t.D. C��►ro�o E. RwMSr[o RoscO[ C. ■wOwM �1f[CUTIV[VICE ►R[�11��NT AifIiTANT EXECUTIV[ VICE �R[i1DENT DIM[CTOR� INDYiT11IA1. OEYELO�M[NT CMI[I CNGIM[EI� CMI[► ACCOYNTANT OMMIESIONERS' JrtiN L. S[c� PAT111CK J. Ro[o�[rt Lou�s N. MEY[R� R�cHw�o E. A�eTx JoHh F. NwiH JOHn E. CNRIST[N�[N G[owcc W. WINT[II pNE=ID[NT YIC[ /I�Eilp[NT fECRLTAI�• TR[AfYll[I� �LHGIfLATIVE ADVifOR RwY W. Fwrt�cr, srwrc 11[►R[S[NTATIVE � ��'I 2 C.I.D. Certijied Induatrial Devcloper ' ' Members of the City Council April 1 , 1975 Page -2- ' TOTAL ESTIMATED EXPENDITURES $7,049,920 Fund Balance January 1 , 1975 7,705 ' 7,042,215 LESS G.O. BOND I AUTHORIZED BY COUNCIL ORDINANCE 15708 DATED 9-24-74 2,250,000 ' ADDITIONAL FINANCE NEEDED TO COMPLETE THE ABOVE PROJECTS $4,792,215 Certain other expenditures required ta maintain property up to standards and , to make improvements deemed essential will be funded from Port Authority funds as follows: , 1 . Riverview Industrial Park (��laintenance, Landscaping, etc. ) $ 63,000 2. Southport Industrial District � (Landscaping, Fencing) 35,000 3. Police Impounding Lot Building (New Construction) - 153,400 4. Red Rock Industrial District / (Fencing and Maintenancej 36,000 5. Makens Building Improvements 200,000 6. Barge Terminal No. 1 River Terminal � Improvements 180,000 7. General Maintenance and Contingencies (Est. ) 96,000 S. To Complete Work Started in Prior Years 37,932 ' $ 801 ,332 New projects budgeted for the first time are the Amtrak Station and the con�iguous site development, the Eagle Street Indus�� istrict and the ' relocation of Plastics Inc. , and the Northport project. It is estimated that construction of the projects budgeted will require 160 ' persons or more for a period of 12 months. The commercial and industrial construction resulting from these projects would be in the neighborhood, of 600 to 800 employees for a period of up to two years after site prepara- tion. The new jobs created by the proposed projects in the initial phases ' would employ when construction is completed approximately 450 persons. There would be 300 jobs saved by relocating Plastics Inc. ' The projects programmed for work in 1975 will generate an estimated �11 ,000,000 in commercial and industrial construction, and an estimated j�412,000 in real estate taxes upon completion. The Amtrak and Northport ' ��rograms project substantial future growth and expenditures indicating ,�dditional construction in three to eight years of $22,500,000 and ��dditional taxes of $1 ,350,000. � , ' ' Members of the City Council , April 1 , 1975 Page -3- ' The investment and increase in real estate taxes estimated here are separate and apart from those that will be generated by normal yearly Port Authority ' activities. The 1974 Annual Report, which will be delivered to you yet this week, will indicate substantial accomplishments in 1974 taxes, jobs and construction expenditures. ' Yours truly, Q.�.�-� . I,j ' Robert F. Sprafka � �� Executive Vice Presi n ' EAK:jmo ' � ' ' , , ' ' ' ' � ' ' � � � � � � PORT AUTHORITY OF THE ' CITY OF SAINT PAUL ' , BUDGET 1 1975 1 , 1 � 1 1 1 1 1 1 1 1 ' , PORT AUTi-[ORITY OF TfiE CITY OF SAIIJT PAUL ' I4vNUAL I3UDGLT 1975 I NllE:C ^ , UperatinG, Industrial llevelopr!ent , Administr. ative 3ucl;�.et Page 1 General Improvement Capital �xpenditur�s , Pabe 4 SPecial Projects ' Page 5 Capital Expenditures on F.xisting Facilities 1'a�e 8 General Obligation Bond Issues ' Page y General Obli�ation Indebtedness Budget ' Pa�e ZO ^e -Cap .Zevenue bonds �'age 11 River Prontage Revenue �3onds , Page 12 Itidustrial Park Revenue �3onds F'age 13 Off Site Revenue Londs ' Page 14 Revenue �iond �udnet Page 15 I:�fundel Bonds ' Page ld- Reftmded Bonds_ Budget � Paoe t7 Property �ale and Rental Bud�et Pa�e 18 vortn Star Stee]: Rental ?'und 3udRet ' ' � , 1 ' ' � ' ()1'ERATING REVE�IU� , IiVllliSTPIAL llEV�LOI�i��iJT, ADPtINISTRATIVE ' I1P1D GE�I�RAL EXPENSE BUDGLT YEAR E;vDIN:G 12-31-75 ' BUDGF,T ACTUAL ACTUAL 1975 1974 1973 ' OPERATING REVE�IUE : Tax Leti•ies . 15 �:ills � 37 ,624 � 37 ,608 � 40 ,112 . 35 �'ills 109 ,291 109 , 108 106 ,708 ' Fro��i Operating Fund 166 ,565 204 ,021 146 �800 Interest on Iiivestmen ts 50 , 000 87 ,572 49 ,926 State of i•finnesota Aid 130 ,000 132 ,754 � � 493 �480 � 571 ,06"s � 343 ,546 ' OPEILITING LXPENSE : Salaries � 242 ,OOU � 208 ,358 � 169 ,18U In�lustrial llevelopment 84 ,200 69 ,433 47 ,689 Cor�missioners Fees 2 ,400 2 ,325 2 ,250 ' Em��loyee Pension 8 �800 8 ,245 7 ,306 Eml�loyEe liospital Insurance b , 000 5 ,546 3 ,275 Pa��roll Taxes 9 ,300 � ,29�J 6 ,681 ' Of.iice Rent 13 ,9ti0 13 ,9Q� 13 ,395 Office Lig:�t and Power 800 749 663 Printin�, Stationery, Office Supplies 8 ,500 3 ,403 7 ,567 ' Telep}ione 6 , 50U 6 , 189 4 ,593 Adrainistrative Travel 7 ,000 G , 433 4 ,553 ' P,iilzge Allowance , Parl;ind 5 ,7U0 4 ,407 3 ,339 I�r�fessional Services 60 ,000 59 ,152 38 ,799 , Po�tagc 3 ,120 2 ,241 2 ,05'S Flooci Ge�leral Insurance 5 .�� 3 ,929 2 r33y ' Ducs and Subscription 3 ,OOU 2 ,918 2 ,375 prc�perty ��Iaintenance 5 ,000 16 , 722 33 ,263 Amc�rtization 13ond Issue Expense 1 �200 1 , 124 1 , 124 ' Bond Issue F.xpense Discantinued Projects 3 ,000 2 ,0�0 1G ,262 Su��dry Administrative 9 ,500 14 ,676 3 ,619 �a�'ing Agent Fees S ,500 � , 194 6 ,524 , '1'OTAL EXPE�ISES $ 493 ,48U $ 458 ,373 $ 37_S1 ' ' ' ' , t GEi1EP,AL IIIPI:OVE�IENT C�IPITAL EXPEP�'DITUP.ES FiJ�vDS REOUIP��D YE[�': -END�D DEC�i•1BLP. 31� 1975 ' ESTIl�SATED �.:P�r'.DITUP.ES To Complete LVorlc Be�un in Prior Years ' TIV�P�VIEI•� INDUSTRIAL PAF'.K: Ornar.�ental Street Liohtin� 2,100.00 ' . 2,100.00 ' NORTI IPORT , Completed . 1 ' ISOUTHPO':T , Completed ' , i:ED ROCK .IidDU.�iTitIAL DISTRIC T ' Comnleted ' ' BARGE TEP1`IIr.�1L =`l Completed , ' 2,100.00 2,100.00 ' - 1 - . , 1 E ST Il�IATED EXPEND ITURES ' Construction I�lork to Begin 1975 RIVERVIE[�7 INDUSTRIAL PARIC ' Exchan e Pro er 50 000 g P tY , Railroad Track �3 79,800� ' Railroad Track #4 145,165� Underground Electric Service 123,000* Removal of State� Street Bridge ' Abutment 5,000* Storm Sewer 4,000� Engineering & Contingencies 30,000 ' 436,965 ' RIVERVIE�J INDUSTRIAL PARK tiVEST ' Railroad Tracic 235,000 £n�ineering 10% 21,000 256,000 ' � ' SOUTHPORT INDUSTR2�1L DISTPICT Sanitary Secaer 300,000� , Storm Sewer 40,000 Engineering 10% 30,000 370,000 , NORTHPORT INDUSTRIAL DISTRICT ' SITE IMPROVEMENTS PHASE I Rip Rap 30,000 � taood j�all 186,000 Bridge 97,200 Sewer 28,500 ' ,�Jater 25,200 Grading & Filling 229,894 Access Road 44,700 641,494 ' ' �To be available for construction if needed. ' � � ' ESTIMATED EXPENDITURES , Construction t��ork to Begin 1975 NORTHPORT INDUSTRIAL DISTP.ICT ' SITE II�IPRO�IENTS PHASE II Rip P.ap 52,500 ' Natural Bank Restoration 4,300 Se�aer 25,S00 [�dater 37,300 ' Grading & Filling 142,764 Access Road 29,800 292,664 ' SITE I'�iIPROVEMENTS PHASE III Rip Rap 10,500 ' Natural Bank Restoration 2,620 Sewer 11,000 TVater 11,400 � Grading C Fillino 123,200 158,720 1,092,878 1 P.ED ROCK I�IDUSTRIAL DISTRICT ' Complete � BARG� TERl�1Il`IAL �`1 , Complete ' I,AND ACOUISITION ' Rivervierv Tndustrial Proj. (I-�'�A) 637,977 Northport 42,000 ' Southport 27,000 Open Space & Recreation 500,000 1,206,977 , Dutch Elm Disease Trees 8,0�0 3�000 3,372,920 ' - 3 - , ' ' , ESTIr�ATEn EXPENDSTURES ' Construction i�Jork to Begin 1975 Special I'rojects Requested by the City of Saint Paul ' AMTRAK ' Excavation, Fill, Grade 1,600,000 Sanitary Sewer 43,000 ['Jater 87,OOC ' Storm Sewer 120,000 . Surfacing (Roads) 77,000 Contingencies 100,000 ' 2,027,000 ' ' EAGLE STR�ET Demoli-tion 40,000 ' Land [lcquisition 1,570,OOG 1,610,OQG ' RIVEP.VIEt>> TNDUS�'RIAL PARK ' Barge Sanitary Pump-Out Facilitv 40,000 , 40,000 3,G77,OOG ' TOTAL ESTI1`1ATED EXPENDITURES 7,049,920 ' Fund Balnnce January 1, 1975 7,705 ' 7,042,215 LESS G.O. BOND I AUTHORIZED BY COUNCIL ORDIN�INCE 15708 DATED 9-24=7�+ 2,250,000 ' ADDITION�II, FINANCE NEEDED TO COTIPLETE THE Arc�� Q�CTS 4,792,215 ' � - 4 - ' . , ' ESTIr1ATED CAPITAL £XPENDITURES ON EXISTING FACILITIES TO BE APPROPRIATED FROM PROPEP.TY SALE ADD P.ENTAL FUi�1D OR ACCUMULATED NET R�V�NUES ' YE�1R ENDING DECEr1BER 31, 1975 ' ESTIi�'11�TED EXPE��i ITUR�S To Complete �'�orl; Done in Prior Years � RIVEPVI�t'1 INDUSTP.IAL PA.'tI� Completed � ' SOUTHPORT INDUSTRI'11L DISTRICT � Completed � NOP.THPCRT INDUSTP.IAL DISTFZICT , reaSabllity Study �� 30Q , 4,300 ' ?tED ROCK I�IDUSTRIAL DISTRICT � Completed � , BAP.GE TERI�IINAL -,��'1 River Terminal 33,632 ' 33,632 37,932 ' � ' S , ESTIMATED CAPITAL E:CPENDITUP�ES ON EXISTING FACILITIES ' TO BE APPP�OPPIATED FP.Or1 PROPEP.TY SALE AI�ID RENTAL FtJrID OP. ACCUI�NI.ATED D]ET REVENUES ' Y�1P. ENDII�IG DECENII3�P. 31, 1975 ESTIi�1ATED E::PEidDITUP.ES ' Construction t•7orlc to Ee�in 1975 RIVE:'�VIEt�� IDIDUSTRIAL PAP.K ' Landscapinb �0,000� Grass and t�Jeed Cuttin� 7,000 , Entrance Identification Sio 6,000 G3,0CJ ' SOUTIIPOP,T INDUSTP.IAL DTSTRICT ' T,andscapino �'O,�CO Pencin�, P.A. Proper-ty 15,C00 � POLICE IT�IPOUI�IDING LOT Building 120,000 ' Paving 3,000 Feneing 11,000 Contingencies 9,400 ' Engineering 10,000 153,400 188,400 , RED ROCK INDUSTRIAL DISTRICT Red Rock Terminal Fence 18,000 ' Red Rock Terminal Drainage 15,000 Enoineering & Gontingencies 3,000 ' �1AKENS BUILDING I1�IPPOVEri�DITS � Insulation �5,000 Concrete Floors 75,000 ' i-ieating 20,000 Electrical 10,000 i-iiscellaneous 10,000 200,000 236,000 ' ' , �'To be available Por construction ir needed. ' - 6 - ' ' ESTI1�iATED CAPITAL E::PENDITUP.ES 0�1 E::ISTING FACILITIES TO BE APPROPP.II�T�D FROP°I PFOPERTY SALE AIVD RENTAL FUDTD OR 11CCUi•�ITLI�T�D DTET ':EVEriUES ' YEAR ENDING DECEI�IBER 31, 1975 , ESTIlI11T�D E,:PE��JITUI'.ES Construction ti�?orlc ta Beoin 1975 T:A:;GE TERr1Ii�-1L ;=1 ' P.i��er Terminal Improvements 1SQ,000 � iso,000 1 ' r-�INTENANCE POP�T AUTtiORITY ^ACILITI�S 46,�J00 • , �,.r,,G00 ' CCNTING�TICIES �0,000 ' _50,C00 ' [Ippropriated from Property Sale and __' Rental Fund or Accumulated rlet Revenues "01,332 ' ' ' ' ' ' ' ' - 7 - ' 1�)75 ' , ' I'ORT AUTHOP.ITY OF TiiE CITY OF S/1I:�1T PAUL . GENEIZAL OBLIGATIOi1 �ONDS ISSUED ' �30:VD AVERA�£: DAT�S SERIES A,'•10liNT INTE^EST RATE YEARS l)U� D�TES ' 9/61 A $ 2 ,50U ,000 3. 4805 30 �/9 4/ti2 B 2 ,�00 ,000 2 . 934 30 4/lU ' 12/62 C 2 ,500 �000 3. 054105 3U 6/12 ' G/63 D 2 ,�U0 ,000 3. 17878 3U 6/12 6/64 L- 2 ,�OU �000 3. 2114 30 6/12 ' b/6G P 1 ,500 ,000 3. �329 �U U/12 3/68 G-1 2 ,000 ,000 �1 . 2557 30 3/9 ' 2/69 G-2 2 ,500 ,000 4. 842967 30 2 /8 1/71 H 2 ,650 ,OOU 5.4103 30 1/7 ' � T(!TAL : �21 ,150 ,000 , ' , ' ' ' -8- , 1975 ' ' BONDED INDEBTEDNESS BUDGET - GENERAL IMPROVEMENT BONDS PORT AUTHORITY OF THE CITY OF SAINT PAUL YEAR ENDED DECENIBER 31, 1975 ' Balance-December 31, 1974 ' Demand Deposit 56,233 Temporary Investments 3,011,271 3,067,504 ADD - Projected Receipts ' Tax Levies: Series A 147,000 ' t► B 139,300 it � 144,400 iT D 146,400 ' rt E 139,145 t� g 93,944 '� G-1 131,224 , iT G_2 186,585 TT H 215,000 1,342,998 Interest on Temporary Investments 85,000 i�,495,502 ' DEDUCT - Projeeted Expenditures: Interest Payments: Series A 61,270 ' it g 53,830 « � 57,490 , tt D 60,515 Tt g 63,370 tt p 50,250 r' G-1 74,975 ' tT G_2 104,500 it H 133,488 659,688 ' Principal Payments: Series A 80,000 , tT g 80,000 rt � 80,000 tT D 70,000 , iT g 70,000 tT p 40,000 tT G_1 50,000 TT G_2 75,000 ' Tf g 75,000 620,000 1,279,688 Balance at December 31, 1975 ' for future �debt retirement 3,.215,814 NOTE: The above amounts reflect projected cash requirement for 1975 relating ' to Series A, B, C, D, E, F, G-1, G-2, H. General Improvement Bonds �vliich have previously been issued in the aggregate amount of $21,250,000. City ordinance CF 264180 passed 9-24-74 authorized issuance of General Obligation Bond I in ' the amount of $2,250,000. -9- ' 1975 ' ' PORT AUTHORITY OF THE CITY OF SAINT PAUL RE-CAP: BONDS ISSUED TO 12-31-74 ' Revenue Bonds - River Frontage ' 8/65 thru 2/73 $22,170,0OO.Ot� Series: C thru I-1, and NSS ' Revenue Bonds - Industrial Parks 7/69 thru 12/73 15,720,000.00 Series: 1 thru 16 ' Revenue Bonds - Off Site 3/70 thru 7/74 4,300,000.0(1 ' Series: NMI and A General Obligation Bonds ' 9/61 thru 2/73 21,150,0OO.Ot1 . Series : a thru H ' TOTAL ALL BONDS $63,340,000.00 , , , ' ' � ' , , -10- , ' ' PORT AUT"t[(1RITY OP TiiE CITY OF jAI'JT Pt�UL ' P.EVEi�UE BOPIDS - RI VE R PRONTAGE DaTE AVE P.AG� DIJF , ISSliEll SERIES CO�IPANY ��"10UNT INTEREST RATE 1'EnRS DATES 8/65 C t'�lter Com�any $ 450,000 4. 0636 25 5/11 , 1/64 D 1'�lalsh �rain 1 ,415 ,000 4. 167 26 5/11 11/67 D-1 :valsn (,rain 50 ,000 �. 36 15 5/11 ' s"/G7 E �Iortiiern ��are- 1 ,115 ,000 5.4721 3� �/9 � � house ' • ,i/63 !I �;ort}i Star steel 600 ,000 6. 1512 25 3/9 ',�Iareh�use ' 12/_68___ ;�SS 'lorth Star 11 ,525 ,000 6. 3��7 25 6/1Z Stee 1 ' TOTAL: � 15 , 1�5 ,000 ' ' � ' VOTE : Port Development Association issued Industrial Revenue t3onds in the amount of $S ,OOO ,OOU. 00 for :Vorth Star Steel develonment. ' , ' -11- , ' � 1975 ' ' PORT AUTHORITY OF TIIF. CITY OF S/1INT PAUL , REVENUE I30NDS - IVDUSTRIAL P1�I2K UATL AVE RAGE UUE ' ISSU�il SEItIES COi�IPA:1Y AMOUNT ItdT�P.EST RATI: YEAR`� DATES 7/b7 1 Plcmiilan $ J50 , 000 5. 0093 3�l 1/7 ' 4/6� 2 Laminar 2ti0 ,00U 5 . 54774 25 4/10 ' 2/72 2 -A �lnplebaum 140 ,000 7 . OJ1U 20 4/10 3/6S 3 KUL, Inc. 425 ,000 6. 30199 25 .i/9 ' , 3/6b 4 iiakens .1 ,850 ,000 6. 30207 25 �/9 10/68 � `lovatron 250 ,000 6. 22 + 0 3p 4/10 ' 7/69 7 Consolidated �lectric 245 ,000 6. 961 20 1/7 ' �/74 !� 12001 Tool 230 ,000 7. 75 30 2/8 ' � 4 ,3U0 ,000 ' ' ' ' , . -12 - ' , ' ' , ' , PORT AUTIiORITY OF TIiE CITY OP SAIVT PAUL R�VE:VUE BONUS - OFr SITE , DATE AVE RAGE ISSUED SERI�S CO�IPANY A,ti10UNT INT�REST P,nTE YEARS DUE DAT� ' 3/74 ;d�1I ilorthern ��ialleable $ 3 ,3G5 ,000 6. 948 15 3/9 ' 7/74 Nti'JF Interior 6Vood 1'roducts 935 ,000 7. 75 30 1/� TOTAL $ 4 ,300 ,000� ' • ' ' ' � ' ' ' . , ' -13- ' ' ' ' 1975 ' PORT AUTHORITY OF THE CITY OF SAINT PAUL iIGNLI`Ils+s rA�.++ �+�+r�/+r�m heia�+ x+f�r�s.s�sw�. .��..��' ' S eries i ' 6 TOTAL Balance 1-1-75 12,667 1,066,157 ' Amount Due From 41,737 Other Funds ' 33 124 1,787,737 Facility Rental 3�386 111,819 Land Rental ' 39,500 ' Tonnage Interest on Temporary 1,200 46,800 - Deposits ' S0,377 3,093,750 Total Available ' DEDUCTIONS : ��591 �397,300 Due to Other Funds Payments on Principal 10,000 522,000 ' 25,500 1,306,769 Interest -- - Total Deductions 43,091 2,226,069 � 2-31-75 7,286 867,681 Balance 1 , Revenue }:eserve 37,000 2,061,253 • 329,730 General Reserve ' ' ' ' ' ' ' 1975 ' � PO°T AUTnnRITY 7F Ti1� C � I" nF S,n. lidT PA.UL REVENUE �30��dDS REFUPJDED � DP,T� P,��ERAG� I SSL'EU SER I ES CO�:P.Ai;`! AP'OU+�T I iJTEREST P.ATr YEAP,� Ol1E DA' ' 3/Gd � Tv� in Citv �arqe � 425 , 000 6 . 14�359 25 3/9 2/72 G— I Tvtin C�ity L'arqe 4 , 400 , 000 7 . 403� 30 2/£� ' 3/7� I River Servica I , a00 , 000 7 . 98436E 30 3/° ' 0�71 I — I Pillsbury 390 , 000 7 . 586E� i � 3/° II /o° 9 Aero Svstems 32� , 000 7 . 95925 30 5/ II ' I �/7� ��— I �ero Systerns 16C , 000 7 . 5�5 25 5/ II �/o< I � ;3ationel Can 2, 000 , 0�� 6 . 9�;� ?i; 2 /� ' �/7;,: li �sell Cold 2 , 47� , 000 7 . 9991 30 I /7 Storanc ' II /71 . II — I �iell Cold 215 , Ov0 7 . 974 25 I /7 Storaae ' � � /�� 12 Spri .^,ns 2�U , OOC 1 , 4607 30 5/ II 4/�� I � 1•feather� i te 910 , OG�� 7 . 47;=+ �0 4/ 10 � � �-/7� I -< <^,i nnesota � I , 550 ,OOU 7 . 39� 3�� 6/ 12 StaTe 6en� � 7/� � 15 Councilabs 780 , 000 7 . 9�:� 3'v' I /% II /7� Ir� � E� R Re� ity 2 ,300 ,000 7 . 665�� 30 5/ II ' i�T/'�,L : � 1 7 , 93� , 00O ' REFUidDI ;JG �O�JDS SERI ES A, �;, C, and D I /74 A 4 , 495 , 000 G . 545 27 , 2/8 ' I /74 G •4 , 475 , 000 u. 545 27 2/£3 I / 14 C 4 , 545 , 0�0 6. 545 26 2/£i ' 74 C 3, 890 , 000 6 . 545 2£3 2/8 I / ' TOTFlL : $ 17 , 405 ,000 ' ' -15- , BONDED INDEBTNESS BUDGET REFU�iDING BONDS A - B - C - D , DECE�IBER 31 , 1975 BALANCE 1-1-75 � 733,132 ' Receivable 1-1-75 RENTAL : Rev. I3ond 9 and 9-1 $ 3 ,904 Rev. Bond 13 28 ,807 32 ,711 ' INTEP. FU?�D TP.A.�ISFER: Rev. Bond 9-1 Construction 9 ,8s4 ' Rev. Reserve 1 ,200 11,054 ' RENTALS: FAC I L ITY LA.*dD Rev. G and G-1 Twin City Barge $ 382 , 718 54 ,311 Rev. I and I-1 Pillsbury 160 ,456 25 ,944 t Rev. 9 and 9-1 Aero 28 ,084 3 ,241 Rev. 10 National Can 142 ,571 30 ,830 Rev. 11 and 11-1 , i3e11 Cold Storage 227 ,�42 23 ,327 •Rev. 12 Spri�gs I'lumbinb 18 ,555 1 ,792 Rev. 13 3��I 72 ,482 13 ,699 ' Rev. 14 A�inn. State f3ank 133 ,439 22 ,368 2ev. 16 G F� R Realty 195 ,973 21 , 713 Rev. 15 Council Lab: 67 ,510 1� , 011 ' 1 ,429 ,730 212 ,236 1 ,641 ,�66 INTEREST EARPJINGS _ 2� .00� ' � ,443 ,913 ' LESS: INTER FUND TRANSFERS : _ To : GeneraT Re�serve 125 ,477 Revenue Reserve 170 , 777 Operating 3 ,244 ' Addition al Reserve 9 ,431 Common Bond Reserve 175 ,000 483 ,929 ' Principal Payment r 150 ,000 Interest Payment 1 ,091 , 195 1 ,241 ,195 1 , 725 ,124 � 713 ,789 ' � ' ' ' , ' -16- ' 1975 , CASH BUDGET - PROPERTY SALE AND RENTAL FUND YEAR ENDING DECEMBER 31, 1975 ' Lease Sale Total� ' Balance as of 12-31-74 Cash & Temporary Investments $ 1,313,!170 ' Add Projected Receipts RIP Land Rental: Ashbach Construetion $ 12,000 North Central Publishing 6,446 ' Price ElECtric Co. 2,054 Roberts� Construction Co. 3,665 ' rr rr rr Z�155 " " " 6,600 Harry I. Shapiro 4,301 ' ,_�__ Widman Manufacturing 4,942 Associated Producers 2,509 Northwest Publications 6,005 ' Wilbrecht Electric Co. 8,144 Harold C. Lyman 12,760 American United Life ' 4,626 ' Insurance Co. Anderson Seiberlich 3,075 Baldinger Bakery 2,591 ' Proform 4,200 Brightbill 1,472 Awada 7,404 ' _Metro Refuse _ _ 2,393 $ 95,449 RIP Land Sale• . rU.S. Post.Office $ 158,400 Red Cross 203',405 Great West Iron _27,735 389,540 ' TOTAL $ 1,798,�59 ' NOTE: The above amounts reflect the cash accumulation from the sale or long term lease of properties acquired with the proceeds of General Improvement ' Bonds. Projected receipts include only those transactions which have been approved at this date and which will be received during 1975. These iunds are set aside in a special fund to be used as deemed necessary by the Port ' Authority for additional capital expenditures or cancellation of taxes levied to retire the General Improvement Bonds or security for outstanding revenue ' bond issue. ' -17- ' � 1975 ' ' I . NORTH STAR STEEL RENTAL FUND 1975 ' Balance C 12-31-74 � $ 101,255 ' Rental Receipts $ 74,350 Interest Ineome 3,500 77,850 ' $ 179,105 � ' Less: Transfer to G.fl. Series F Retirement $ 45,354 ' Balance at 12-31-75 $ 133,751 , ' ' Funds provided from the long-term lease of property to North Star ' Steel which was acquired with the--proceeds of Genera� Improvement Bonds' - Series F, are set aside in a special fund to be used, as deemed necessary by the Port Authority, for either additional ' capital expenditures, as security for outstanding revenue bond issues or for eancellation of taxes levied to retire the general ' improvement bonds. ' , � ' -18- ' PORT AUTHORITY , OF THE CITY OF ST. PAUL Memo�andurr� ' TO: BOARD OF COMMISSIONERS DATE March 21, 1975 , ;�7 � ' FROM: Staff ��,.�-�-f . SUBJECT: �� - ' SPECIAL PROJECT REQUESTED BY THE CITY ' PROJECT: _ ___ In ea'r3.� 1973, the Port Authority was requested by the City. and ' the P1a�ror's Office to undertake negotiations with Amtrak for *he purpose of construeting an Amtrak station i.n the Midway area :D� St. Paul. The purpose of this new Amtrak-facili�t3r--�ould be to ' repZu�e the existing station in Minneapolis.- �he new -site -in . St. Paul is to be the new, modern facility to serve the metro- polit�� area. Amtrakts passenger station has obvious benefits, � however, the site is projected for future developments as the _ center of a multi-modal transportation complex with related ' corrmerciai- facilities. SITE LOCATION• ' The site selected by Amtrak is illustrated in Section 2. The City , of St. Paul owns approximately 20 acres west of the existing K-Mart ' store. A portion of the City property is utilized by the Fire Department as a training facility. The remaining property -to the west is owned by the Burlington-Northern Railroad. Planning and ' City Administration have approved the development plan presented herein. tPROPOSED DEVELOPMEI�IT: Phase I • ' Phase I of the development calls for the constrnction of the Amtrak passenger station to begin this year and to be ' occupied and in operation by September, 1976. Cost for the Amtrak station alone including the trackage necessary to serve the passenger station is estimated at $3 million. ' ' ' , . ' Board of Commissioners March 21, 1975 Page 2 � Phase II• , The site has the additional potential of being able to accorrunodate facilities which will fit well with plans ' presently being developed by the Metropolitan Transit Commission. A central facility to serve carriers such as Greyhound and Jefferson is also projected. ' Phase III: , In addition to the transportation complex facilities, pro- posals have been presented tD c�nstruct: and develop addi- tional facilities to accommodate manufacturing, �ommercial, _ ' and convenience retail operations. The benefits from these additional developmen-ts would include increased use nf ancillary_ facilities, new employment, and cost_sharing of site .c�evelopment. ' Phase II and III could account for additional construction £rom $5-$10 million. The development possibilities here are limited only by the land available for construction. ' ESTIr1ATED SITE DEVELOPMENT COST: ' To prepare the site for development, the following must be accomplished: Construction work to begin. 1975 ' Excavation, fill, grade $1,600,000 Sanitary sewer 43,000 ' Water 87,000 � Storm Sewer 120,000 Surfacing(Roads) 77,000 ' Contingencies 100,000 TOTAL $2,027,000 ' ESTIMATED TAX REVENUES : ' Phase I- It is estimated that Phase I will generate in excess of ' $50,000 per year in new taxes for the City. , ' l . � � ' Board of Cammissioners March 21, 1975 Page 3 ' Phase II and III - ' It is estimated that Phase II and III will generate in excess of $250,000 in new tax revenues. ' ' JFF , ' ' ' ' ' . ' 1 ' ' , ' ' � � , AMTRAK - i TRANSPORTATION 1 COMPLEX i 1 1 � 1 1 1 1 1 1 1 � 1 1 - r � � ORT . � AUTHORITY ' OF THE CITY OF ST. PAUL Memo�andum ' TO: Board of Comnissioners DAT� March 21 , 1975 ' � �. •;�i � FROM: Staff '� ��J ' ' SUBJECT: CAPITAL IMPROVEMENT EXPENDITURES EAGLE STREET INDUSTRIAL DISTRICT. l. HISTORY ' The Port Authority Comnissioners i:n June i974 created this industrial district at -the request of the City Administrator. It was created to ' assist West Publishing Company and Piastics--inc. with their-expansion: - and parking probiems. In December of 1974 the Port Authority received title to five tax ' forfeited lots in the District. In February of 1975 the Port Authority Corr�nission executed a lease with � Plastics Inc. for use of three of the tax forfeited lots for parking purposes. This lease is subject to a 30-day, cancellation clause. , 2. PROPOSED EXPENDITURES Northwestern Bell Telephone Company currently owns _approximately 28,000 square feet in the District which we propose to-acquire _and • ' make available for development. We are also proposing to acquire the existing Plastics Inc. facility and assist-them in relocation to another Port Authority site. Plastics currently does not have enough land for ' expansion or enough parking space to accorrnnodate their needs. The Housing and Redevelopment Authority will be acquiring the one off-street parking lot that Flastics owns in late 1975 to provide room for the , Shepard Road-Chestnut Street improvement project. We estimate acquisition and relocation costs to be $1 ,750,000.00. Also included is an item to request an expenditure af $40,000.00 for , the demolition of the existing Plastics Inc. building. The acquisition of these two parcels would make available additional ' land area for the West Publishing Company expansion as well as land for other industrial projects. , ' , . - i- . ; ' � , Board of Commissioners March 21 , 1975 , Page -2- The amount of new real estate taxes to be generated from industrial construc- ' tion in tne District cannot be calculated at this time. West Publishing Company is still in the process of preparing plans and designing their proposed expansion. It is estimated that Plastics Inc. will spend at their ' new site between $4,000,000 and $5,000,000 for a new facility. This would generate between $225 ,000 and $275,000 annually in new real estate taxes. Any acquisition of the Plastics Inc. property would be conditioned on the ' firm expanding on Port Authority property in St. Paul . ' ' , � DGD:�mo , , . . � , ' ' ' r - � . � ' � EAGLE STREET INDUSTRIAL DISTRICT i , � � I I V v < , 7th STREET ' �' � , � �� , EXCHANGE STREET ? CIVIC CENTER Z � W ' ; W F N IRVINE� ITY RAM ' � RYAN A'VE. 'f'd► ��PARK� .� <<p S•�• � � c� � � W W �`LO �j►�G�O ARK ' � . V a `�P� ` �� , HILL STREET C9 ' W� Rq�� AD� , -. . ��. ��. '�. 1 •. . �'`-., `�. SHEPARD ROAD ```'`��`�. ' , MISSISSIPP/ R/VER , SCALE IN FEET � . a soo � ' , . ' i EAGLE STRI EAGLE STREET 1 INDUSTRIAL DISTRICT � .J L ��, i � � � 1 EXCHANGE ' � � z f � W , ; W � � IRVINE�►" ` RYAN ' • PARK� � � � Z :`< 1 F � W _ .;: u <: ' _ _I _ � . ' ' SH ' , . 3CALE IN FEET O 50� ' ' , . PORT � � AUTHORITY ' OF THE CITY OF ST. PAUL Memo�andum ' TO: BOARD OF COI�SISSIONERS DATE: March 21, 1975 ' / v- � FROM: Staff � � / ' ' � J ' SUBJECT: NORTHPORT RIVER PLAZA DEVELOPMENT - , LOCATION• The site for the projected development is located along the Mississippi River directly across from Mounds Park and on� the ' easterly side of the Port AuthorityTs Riverview Industrial Park. St. Paul Downtocan Airport is adjacent to the southerly boundary ' of the site. PROJECT• aThe project calls for the development of the theme center retail complex including first class restaurants and, in the final phases ' of the project, the construction of hotel-motel or other compatible uses. , Stage I: ' Stage I of the project calls for the construction of a ' minimum 40,000 square feet of theme center retail and, in addition, a minimum of two first class restaurants. Initial construction on the part of the developer is ' estimated at $2z million. S ITE DE�IELOPNIENT COST - ESTIMATED ' Initial work on the site has been completed in that most of the site has been filled above flood stage and is ready for the final ' stages of site development work. The followino must be accomplished before the site can be delivered to the developer and construction can begin: , ' ' � ' , Board of Commissioners March 21, 1975 Page 2 ' Site Improvements_- Stage I: ' Riprap $ 30,000 Wood L��all 186,000 Bridge 97,200 , Sewer 28,500 t��ater 25,200 _ Grading, Filling 229,894 ' Access Road 44,700 TOTAL $641,494 , Site Impr.�vements_ - Stage II: ' Riprap $ 52,SOD Natural Bank Restoration 4,300 Sewer 25,500 , 6�later 37,800 Grading, Filling 142,764 Access Road 29,800 ' TOTAL $292,664 , Site Improvements - Sta�e III : _ - Riprap $ 10,5Q0 , , Natural Bank Restoration 2,620 Sewer 11,000 Water 11,400 ' Grading, Filling 123,200 TOTAL $158,720 ' Total site improvements, Phase I, II, & III - $1,092,878 , ESTIMATED TAX RETURI�: It is estimated that the first staoe of development would return in ' excess of $13 7,000 a year in new tax revenues to the City. Stage II is estimated at from $5-$10 million and should develop a minimum of $250,000 in new taxes per year by 1979. , Stage III is estimated at approximately $5 million in new construction ' and should develop an additional $250,000 in new taxes per year after 1980. JFF , � NORTHPORT RIVER 1 PLAZA DEVELOPMENT 1 i 1 1 1 1 1 1 1 1 . 1 1 1 1 � 1 - 1 1 � � � PORT AUTHORITY , OF THE CITY OF ST. PAUL Memorandum ' TO: Board of Corr�ni ss ioners DAT� �rch 21 , 1975 ' �. ��'�, FROM: Staff � ' SUBJECT: RAILROAD TRACK EXTENSION ' RIVERVIEW INDUSTRIAL AREA WEST The Port Authority is in the process of purchasing several industrial ' sites from the St. Paul Housing and Redevelopment Authority. One of the � _ major sites being acquired is Parcel G and H shown �n the accompanying ' map. This site currently is not served--by- rail.; and in-order to increase - �__ the marketability and development -pote�tial of the site; we plan- to con- struct a railroad track from a crossing point on Plato Avenue-east acrass --- Wabasha Avenue to connect with an existing Chicago Northwestern Transportation __ ' Company track behind the American Hoist � Derr:ick �-�mpany.baling facil.ity. �`oltz, King, Duvall , Anderson & Assoc. has estimated the 2,350 foot rail extensiQn will cost $256,000.00. The source of funds for this project ' would be General Improvement (G. I. ) Construction funds. l�elocation to this site of a firm currently in the Eagle Street Industrial , District, who require trackage, will result in real -estate-taxes- of $220,000.00 per year, or considerably more than now possible with�ut trackage, and keep_ chis substantial expending industry_ in St. Paul . , In the alternative we ar.e Qndeavoring to obtain the extension and Wabasha Street crossing to improve-service to the entire area west of Wabasha so that present trackage from Lilydale can be abandoned. In the event of ' abandonment, the Chicago and Northwestern Transportation Company would expend an equal amount for existing track rehabilitation. Other sites and West Side industries would also benefit from the proposed ' construction. Attached is a map showing the location of the proposed extension and ' photographs of the area to be served by the rail . 1 ' DGD:jmo ' ' ' RIVERVIEW INDV TRIAL � S t . AR EA W ES T � � � � � � � � � � � � � � � . �