264327 WHITE .- CITV CLERK
BIL UE -'M(� oR E GITY OF SAINT PALTL F le ci1N0. ������
CANARY= DEPARTMENT
. f �
,
�' uncil Resolution �
Presented By
Referred To Committee: Date
Out of Committee By Date
WHEREAS� Cha.pter 475 provides tha.t the governing body of any
municipality issuing general obligations sha.11, prior to the
delivery of the obligations, levy by resolution a direct general
ad valorem tax upon all taxa.ble property in the municipality, to
be spread upon the tax rolls for each year of the term of the ob-
ligations, and said law also provides tha.t the tax levies for all
years shall be specified and such that if collected in full they,
together with estima.ted collections of special assessments and
other revenues pledged for the pa ent of said obligations,--;aill
produce at least five percent (5%�in excess of the amounts needed
to meet, when due, the principa.l and interest pa.yments on the
obligations, and said law further provides tha.t said resolution
sha.11 create a separate sinking fund for each issue of obligations,
and sha.11 irrevocably appropriate the taxes so levied and any
special assessments or other revenues so pledged to tha.t fund or
account; now, therefore, be it
RESOLVED, Tha.t for the purpose of roviding for the payment
of the principal and interest upon the $�6,000,000.00 Urban Renewal
Bonds, Series 1974-K, issued and sold, as authorized by Resolution
of this Council, Council File No. 26�►2II7., when and as the same
mature, and for an additional direct tax in an amount not less tha.n
five percent (S%) in excess of the sum required to pa.y such priM-
cipa.l and interest when the same mature, there is hereby levied on
all of the taxa.ble property in the City of Saint Pau1, in addition
to all other taxes, a tax for the pa.yment of said $6,000,000.00 of
bonds, the following direct, annua.l, irrevocable taxes� to-wit:
COUIVCILMEIV Requested by Department of:
Yeas Nays
Christensen Finance and Management Services
Hozza In Favor
Levine
Rcedler g
Sylvester Against y Director
Tedesco
President Hunt
Form Approved by C ty A orney
Adopted by Council: Date
Certified Passed by Council Secretary BY
By
Approved by Mayor: Date Approv�cl�b�'i'Ma or for S♦bmission to oun i ������C�-
� �/
By By `
� � � � �643�'�
TE1X LEVY FOR
� $�,ODU,UUU Uh131�N RLN�WA3� BOivUS, SL�:IES i974°k
Tax required by
Chap, 475, Minnesota
Statutes, as amended,
Budget Tax far Tax for in excess of Principal
Year Principal Interest and Inte.rest Total Tax
1975 - 383,650.00 19,182.50 402,832.SQ
1976 - 383,650.00 19,182.50 402,832,50
1977 200,000.00 383,650.00 29,182.50 612,832.;0
1978 200,000.00 . 371,050.00 28,552.50 599,602.50
1979 200,000.00 358,450.00 27,922.50 586,372.50
1980 200,000.00 345,850.00 27,292.50 573,142.50
1981 200,000.00 333,250.00 26,662.50 559,912.50
1982 200,000.00 320,650.00 26,032.50 546,682.50
1983 200,000.00 3Q8,050.00 25,402.50 533,452.50
1984 200,000.00 � 295,450.00 24,772.50 520,222.50
1985 20�J,OU0.00 282,850.00 24,142.50 506,992.50
1986 200,000.00 270,250.00 23,512.50 493,762.50
1987 150,000.00 257,650.00 20,382.50 428,d32.50
1988 150,000.00 248,200.00 19,910.00 418,110.00
- 1989 150,000.00 238,750.00 19,437.50 40�,187.50
1990 ,150,000.00 229,300.00 18,965.00 398,265.00
1991 150,000..00 219,850.00 18,492.50 388,342.50
1992 150,000.00 210,400.OQ 18,020.00 378,420.00
1993 _ 150,000.00 200,950.00 17,547.50 368,497.50
29g4- "15U,UuG.�G i9i,35Ci.u0 I7,i�67.SG �:i3,417.;�
I99S 250,0OO.OQ 181,750.00 21,587.50 453,337.50
1996 ' 250,000.00 165,750.00 20,787.50 436,537.50
1997 , 250,000.00 149,500.00 19,975.00 419,475.Q0
; 199$ 250,000�00 133,250.00 . 19,162.50 402,412.50
�' 1999 300,000.00 117,000.00 20,850.00 437,850.Ot�
2000 300,000.00 97,500.00 19,875.00 417,375.00
2001 300,000.00 78,000.00 18,900.00 396,900.00
2002 300,000.00 58,500.00 17,925.00 376,425.00
2003 300,000.00 39,000.00 16,950.00 355,950.00
20U4 300.000.00 19,500.00 15,975.00 335,475.00
- - 6,000,000.00 6,873,000.00 643,650.00 13,516,650.00
WH17E - CITY CLERK � �
PINK - FINANCE I GITY OF SAINT PALTL Council ��������aqqy
CANARY��-DEPARTMENT �
BLUE� - MAYOR . Flle NO.
� Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
and be it
FURTHER RESOLVED� That in the event any princi�al and interest
come due prior to the receipt of the proceeds of said taxes, it
sha.11 be paid promptly, when due, out of the general fund of the
said City of Saint Paul, and reimbursement therefor shall be ma.de
when said taxes sha.11 ha.ve been received; and be it
FURTHER RESOLVED Tha.t there shall be created a sepa.rate sink-
ing fund, or a specia� account in the sinking fund, for said obli-
gations, and that the taxes received for the payment thereof are
hereby irrevocably appropriated to said account, and that the City
Clerk be and is hereby instructed to file in the office of the
County Auditor of Ramsey County a certified copy of this Resolution,
together with full information regarding the bonds for which this
tax is levied, and the City Clerk is hereby ordered and directed to
secure from the County Auditor a certificate tha.t he ha.s entered
the obligations in the tax register as required under the provis�ox3.s
of Cha.pter 475, Minnesota Statutes, and that the tax levy required
for the purpose ha.s been ma.de; and be it
FURTHER RESOLVED, Tha.t before the said bonds sha.11 be delivered
to the purchaser, the Council of the City of Saint Paul sha.11 obtain
from the County Auditor and deliver to the purcha.ser a certificate
of the County Auditor tha.t the issue has been entered on his
register and that a tax ha.s been levied as required by law, in
accordance with the provisions of Cha.pter 475; and be it
FURTHER RESOLVED, That such taxes sha.11 be collected, and the
payment thereof enforced at the same time and with and in like
manner as other ,taxes of the City of Saint Paul, and when collected
shall be used sol.ely for pa.ying the interest and principa.l of said
bonds when and as the same ma:ture; and be it
►
COUNCILMEN Requested by Department of:
Yeas Nays
Christensen Finance and Management Services
Hozza In Favor
Levine
Roedler B � �
Sylvester Against Y
Tedesco
Director
President Hunt ' �
Form Approved by Ci A�orney
Adopted by Council: Date ,
Certified Passed by Council Secretary BY `'
By � �
Approved by Mayor: Date Ap�d by Mayor f� Submission to Council ? C��,�/',r
� � i ii� f�-
B - f �- �
Y
WHITE - CITY CLERK �
PINK -,FINANCE GITY OF SAINT PAUL Council
CANAR�R-DEPARTMENT File NO. � ������
B,LUE. - MAYOR
.
� Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
4.
FINALLY RESOLVED� Tha.t in compliance with and for the purpose
specified by the pertinent provisions of said Cha.pter 475, said
special sinking fund in the na.ture of a special account in the
regular Sinking Fund of the City of Saint Paul hereby is created.
COUNCILMEIV Requested by Department of:
Yeas Nays
Christensen
Hozza In Favor
Levine
Rcedler v Against BY
�
Tedesco
President Hunt
Adopted by Council: Date �CT 2 1974 Form Approved by City Attorney
Certifi�-�a e y Council Secretary BY
�°'
�B
Approve y Mayo Date l� Approved by Mayor for Submission to Council
By By
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. `,�
STATE OF MIl�NESOTA )
)
COtJ�TTY OF RAMSEY ) ss.
)
CITY OF SAINT PAUL )
I, Rose Mix, City Clerk oP the City of Saint Paul,
Minnesota, do hereby certiPy that I filed a certified copy of
resolution, Council File No. 264327, adapted by the City Council
of the City of Saint Paul on October 2, 197�#, in the office of the
County Auditor of Ramsey County, Minnesota, together with full
information regarding the bonds for which the ta�c speciPied i.n
said resolution is levied.
I ftiarther certif�r that Lou McKenna, County Auditor of
Ramsey County, Minnesota, has filed a certificate in rr�y office that
he ha.s been ftizrnished with a certified copy of the aforementioned
resolution; tha.t said resolution specifies the tax levies for all
years; that he has entered the obligations i.n the bond register
' required by Chapter 475 oP the Minnesota Statutes Annotated; and
tha.t the tax levy required by said chapter ha,s been ma,de.
I further certif�r that the aforesaid certificate of the
County Atzditor of �a�se�r County ?,as z�r��sen�ed to -(;he Ca.ty Council
oi tua Ciuy of Sa-�.r�t P�-�,ul, If�.:;_z�:ie�o�� o;:� O�coUcr 71, 19'7�+, and s:as
by tber� c�d�.red filed in my office.
T�IIi�SS 2� HA.idD A:idD iN-E SEAI, OF `i�lE CIlY OF SATt7`.� !'��UL,
i'll-?`T?SL;SO���A, 1fiIS 11th I�AAY OF OC`I'OHF�R, 1.971�.
D
��
.... d �... Ci�y C7_ k. `--.,
t'
�� .
STATE OF MIlVNESOTA ) ,
)
COUNTY OF RAMSEY ) ss.
�
CITY OF S�AINT PAUL )
I, Rose Mix, City Clerk of the City of Sa.int Paul,
Minnesota, do hereby certif� that pursuant to Chapter 475.63
Minnesota Statutes 1953, as amended, and in connection with
the sale of �6,000,000 Urban Renewal Bonds� Series 197�1--K, I
have sent to the purchaser of said bonds, by registered ma.il
October 21, 197�, the certificate of the County Auditor as to
tax levy and registry of bonds upon County Auditor's Bond
Register File No. 825.
WI`i'NESS MY HAND AND TI-� SEAL OF T!-� CITY OF SAINT PAUL,
I�SOTA, THIS 22nd DAY QF OCTOBER, 197�+.
�
/ ' v
City Cle _ .
� �� � � ��z
�
. , -
, J . , , , � a
STATE OF MINNESOTA ) CERTIFICATION AS TO TAX LEVY
) SS AND REGISTRY OF BONDS UPON
COUNTY OF RAMSEY ) COUNTY AUDITOR'S BOND REGISTER
I, the undersigned, being the duly qualified County Auditor of Ramsey
County, do hereby certify that there was filed in my office on the 4th da.y
of October , 1974, a certified copy of Council File No. 264327
adopted October 2, 1974 by the City Council of the City of Saint Paul
and approved by the Mayor on October 4, 1974 levying taxes for
$6,000,000 Urban Renewal Bonds, Series 1974-K
as the same fall due and to pay and discharge the principal and interest thereof
when due.
It is further certified that pursuant to Section 475.63 Minnesota Statutes
Annotated that said bond issue has been erttered and registered upon the County
Auditor's bond register File No. 825 and that such tax for the payment
there,of has been levied as required by law,
- WITNESS, my hand and official seal this 8th day of October �
1974.
� � LOU MC KENNA
+ . COUNTY AUDITOR COUNTY OF RAMSEY
�_..
B -
Deputy
Entered in Bond Register
� �
Richard B z
•
_ t;,
'Ya .
STATE OF MINNESOTA ) CERTIFICATION AS TO TAX LEVY
) SS AND REGISTRY OF BONDS UPON
COUNTY OF RAMSEY ) COUNTY AUDITOR'S BOND REGISTER
I, the undersigned, being the duly qualified County Auditor of Ramsey
County, do hereby certify that there was filed in my office on the �.,�_day
of October , 1974, a certified copy of Council File No. 264327
adopted October 2, 1974 by �the City Council of the City of Saint Paul
and approved by the Mayor on October �+, 1974 levying taxes for
$6 000 000 Urban Renewal Bonds Series 1974-K
as the same fall due and to pay and discharge the principal and interest thereof
when due.
It is further certified that pursuant to Section 475.63 Minnesota Statutes
Annotated that said bond issue has been entered and registered upon the County
Auditor's bond register File No. $25 and that such tax for the payment
thereof has been levied as required by law,
WITNESS, my hand and official seal this $th day of OCtober ,
1974.
L(?U I�C KENi1ll
COUNTY AUDI R, COUNTY OF RAMSEY
Deputy
Entered in Bond Register
chard Ba �
� :��,�����
REGISTERED NO. aa �cS ..g�POSTMARK OF
Value $ Special $
Delivery
Re Fee $ � Return $ `�[s:.. • �a
9' Receipt � .�
Handling$ ' Restricted .9 ���
Charge Delivery $ p �"���
ap"
Postage $ � �AIRMAIL :k 4�'* ," p'
POSTMAS7ER(By) ` �
•M � F�ICE �
FROM ----� - �---�-� --- -�
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70 ---H-'=�' - - ---��_�-/-- -
-----..����.�__`_ ��-�L�����
- -, a���l�' -
SAVE�1$Rf�E1PT FOR REGISTERED MAIL
COVER/C�E�-- estic insurance for registered mail is limited to
(1) th� Value��f t e article at the time of mailing or the cost of re-
placement,if lost'ar totally damaged, or (2) the cost of repairs.
Coverage r►iay nor.exceed the limit fixed for the �egistry fee paid.
Consult postmaster for additional details of insurance limits and
coverage for domestic registered maiL
FILINGCLAIM--Claim must be filed within t Xear.from the date of
mailing. Present this receipt and submit evidence of value, cost of
repairs,or cost of duplication.
FOREIGN COUNTRIES---Consult postmaster as to insurance cover-
age on registered articles addressed-to foreign countries.
G.P.O:1971 444-887 .
PS Form 3806.Oct.1970