264125 WH17E - CITY CLERK
PINK - FINANCE (jITY OF SAINT PALTL �°un�ll . 264125
CANARY - DEPARTMENT
BLUE - MAYOR File NO.
�-G-�4-o0» Co cil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
WHEREAS, The Council ha.s established Downtown Development
District No. 1 and ha.s ad pted a development program, all in
accordance with Chapter 7 4, La.ws of Minnesota for 1973; and
WHEREAS! In order to carry out the purposes set forth in said
development program, incl ding acquisition and construction of
public facilities contemp ated therein, it is now deemed necessary
to issue and sell general obligation bonds of the City in the
amount of $500,000.00; no , therefore, be it
RESOLVEI�, That the C uncil of the City of Saint Paul, pursuant
to Section 6, Cha.pter 764� La.ws of Minnesota for 1973, does hereby
authorize the issua.nce an sale of City general obligation bonds
in the total aggregate am unt of $500,000.00 for the purposes set
forth in said Cha.pter 764 and as set forth in the adopted develop-
ment program for powntown Development District No. l; and the
Director of the Depa.rtmen of Finance and Ma.nagement Services is
hereby authorized and dire ted to initiate the proceedings and
prepare the appropriate do uments looking toward the sale of such
bonds and report all such ction to the Council Subcommittee on
Finance.
COUNCILMEN
� Requ d y Dep ment
Yeas Nays ' j �
Christensen
Hozza In F vor
bee!!!�'� ' i
Roedler � B %
Sylvester A gai st Y
Tedesco
President Hunt
Form Approved by�City ttor e
Adopted by Cou Date
,
Certi�ie�'JPas ed Council Secretary By #
L/ — �
B
Appr by Mayor Da Appro e by Mayor Submis 'o ec'
B $y
PUBUSHED SEP 1974