262900 WH17E� - CITY CLERK t ^ ^ �
PINK - FINANCE COU11C11 �@,. ����
BLUERY - MAYORTMENT GITY OF SAINT PAUL File NO. �� � y�•
uncil Resolution
Presented By �
Referred To Committee: Date
Out of Committee By Date
WHEREAS� The Council of the City of Saint P�ul ha.s adopted
as pa.rt of its general budget for the City for 1974 a Capital
Improvement Budget including a program involving the sale of
$4,500,000.00, to be issued in accordance with Cha.pter 773, Laws
of Minnesota for 1971; and
WHEREAS, The Depa.rtment of Fina.nce and Management Services
reports tha.t the City will need the said bond fund during the
first ha.lf of the year of 1974, and recommends that the City sell
the $4,500,000.00 general obligation bonds forthwith; now, there-
fore, be it
RESOLVED� Tha.t the Council of the City of Saint Paul does
hereby authorize the issua.nce and sale of general obligation bonds
of the City in the pa.r value amount of $4,500,000.00 f or the pur-
pose of funding that portion of the 1974 Capital Improvement Budget
approved by the City Council on October 25� 1973; and be it
" FURTHER RESOLVED� That the Director of the �epartment of
Finance and Ma.na.gement Services is hereby author{ized and directed
to initiate preparation of the appropriate docum nts looking toward
the sale of, such bonds, and report back to the C�ty Council Sub-
committee on Finance and Sinking Funds . '
COUNCILMEIV Requested by Department of:
Yeas Butler Nays
33Y�2[K
Konopatzki In Favor
�
Meredith J Against BY
� Roedler
Tedesco
Mme.President�7C H1xt1't
JAN � �p� Form Approved by C� At ney
Adopted by Council: Date
Certified by�ounci cretary BY
By �/3�-�+
Approv by Ma�or Date O 19 Approved by Mayor for Submission to Council
By BY
PUBLtS o JAN 12 1974