263002 WHITE - CITY CLERK 26���2
PINK - FINANCE COl1IlC11
BLUERY -MAYORTMENT GITY OF SAINT PAITL File NO.
r ounci Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
WHEREASs The Council of the City of Saint Paul, pursua.nt to
La.ws 1963, Cha.pter 881, as amended, is authorized to issue general
obligation bonds for urban renewal and neighborhood development
purposes and also for code enforcement project purposes under
certain terms and conditions as set forth therein; and
WHEREAS, The Housing and Redevelopment Authority of the City
of Saint Paul ha.s requested tha.t the City Council provide proceeds
of such bonds in the amount of $2, 127,322 .15 which will be used to
pay tha.t part of the pro j ect cos ts f or pro j ects de signa.ted
Neighborhood Development Program Minn. A-1; and �
WHEREAS� The Director of the Department of Fina.nce and Mana.ge-
ment Services ha.s requested that the City Council provide the sum
of $917,677.85 for purposes of pa.ying those portions of the public
improvement costs incurred by t�.e City as part of its Pha.len Area
Project Minn. E-2 Code Enforcement Programs in lieu of assessments
therefor; now, th�xefore, be it
RESOLVED, That the Counci� of the City of Saint Paul does
hereby authorize the issua.nce and sale of general obligation bonds
of the City in the amount of $3,045,000.00 in accordance with the
authority provided by Laws 1963, Cha.pter 881, as amended, for the
purposes as set forth above; and be it
FURTHER RESOLVED, That the Director of the Department of Finance
and Management Services is hereby authorized and directed to initiate
the proceedings and prepa.re the appropriate documents, looking
toward the sale of such bonds, and report all such action to the
City Council Subcommittee on Fina.nce and Sinking Funds.
COUIVCILMEIV Requested by Department of:
Yeas B1�it1CT Nays
�
Konopatzki In Favor
Levine
Meredith U AgainSt By
� Roedler
T�eate�
Mme.President� �t
Adopted by Couneil: Date
JA N 2 9 1974 Form Approved by �ty cto
e
Certi ie sed by C nc' retary BY
By
Appro y x : Date Approved by Ma r f Submission to Council
gy By
PUBLl�NED F�� � 1974
. .. ..
DEPARTMENT OF FINANCE AND MANAGEMENT SERVICES 2s��(�2
DIVISION OF ADMINISTRATION
113 CITY HALL
ROBERT W.TRUDEAU SAINT PAUL,MINNESOTA 55102
Director
January 25, 1974
Members of the Honorable Council
of the City of Saint Paul:
Re: Sale of $3,045,000.00 General Obligation Bonds as authorized
by Laws 1963, Chapter 881, as amended.
The Housing and Redevelopment Authority has requested that the City
Council provide proceeds from the sale of bonds in the amount of $2,127,322.15
to pay that part of the project costs for projects designated as Neighborhood
Program Minn. A-1.
I, as Director of Finance and Management Services, am requesting that
the City Council provide proceeds from the sale of bonds in the amount of
$917,677.85 for the purpose of paying those portions of the public im-
provement costs incurred by the City as part of its Phalen Area Project
Minn. E-2 Code Enforcement Programs in lieu of assessments.
The total requested as detailed above is $3,045,000.00.
I will appreciate your consideration and approval of the attached
resolution authorizing us to proceed.
Si c rely, �._----.�
�� � � �
ROBERT W. TRUDEAU
Director, Department of
Finance and Management Services
RWT:ja
cc: Mr. Jerome Segal
Mr. Clemens Schleck