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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