261060 WH17E ` �raTV CLERK ' CO11I1CI1 261(�
P{�IK :�INANCE TT
BLUERV�MAYORTMENT GITY OF SAINT PAI.lL File NO. ��� -
�� '/� Co _cil Resolution
Presented B /��`
Y
Referred To Committee: Date
Out of Committee By Date
RESOLVED, by the Council of th� City of Saint Paul, that
pursuant to the provisions of Laws of Minnesota 1971, Chapter 773
and Ordinance No. 13679 of the City of Saint Paul, as amended by
Ordinance No. 14028 and Ordinance No. 14405, there shall be issued
and sold general obligation bonds of said City in the aggregate
prinEipal amount of Four Million Five Hundred Thousand Dollars
($4 ,500 ,000) for the purpose of procurement by said City of funds
in said amount to be used by the City exclusively for the acqui-
sition, construction and repair of capital improvements of the City
of Saint Paul authorized in the Capital Improvement Budget of said
City for the year 1973 , be it
FURTHER RESOLVED, that said bonds shall be issued and sold
pursuant to the provisions of said Laws of Minnesota 1971, Chapter
773, and in accordance with Chapter 475, Minnesota Statutes , and that
sealed proposals be received in the office of the Director of Finance �
and Management Services , Accounting Division until 10 :00 A.M. (CDST)
on May 9, 1973 for the sale of said bonds in accordance with the
official Notice of Sale a copy of which has been presented to the
Council and is hereby directed to be placed on file in the office
of the City Clerk; that the terms and conditions of said bonds and
of the sale thereof as set forth in said Notice of Sale are hereby
approved and confirmed; that the Notice of Sale be published in the
manner prescribed . by law in the St . Paul Legal Ledger the official �
City newspaper and in Commercial West ; be it
FURTHER RESOLVED, that said bonds and the coupons attached
thereto shall be in substantially the following form, which has
been prescribed by the Sinking Fund Committee and approved by the
City Attorney of the City of Saint Paul, and is hereby approved
and adopted:
COUNCILMEN
Yeas Nays Requested by Department of:
x�dnxbc Butler '�
Konopatzki [n Favor
Levine I1
Meredith v Against BY
x��c Roedler
T.edeses�---
Mme.President� g�t APR 12 1973 Form Approved by �ity ttorney
Adopted by Council: Date
Certifi as d bg Coun ' e ry BY
By �
Appro by Ma�„ . Date � Approv by r 'o 0 ouncil
By BY
�rsr�n APR 14197� �6L1��� APR 1419Z3
. .�
t
� �T���°
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF RAMSEY
CITY OF SAINT PAUL
CAPITAL IMPROVEMENT BOND
SERIES 1973
No. A- $5,000
KNOW ALL MEN BY THESE PRESENTS, That the City of Saint
Paul, in the County of Ramsey and State of Minnesota, acknowledges
itself to be indebted and for value received hereby promises to
pay to bearer, without o tion of prepayment, the sum of Five
Thousand Dollars ($5,000� on the first day of May, , together
with interest thereon from the date hereof until the-p cipa.l svm
is pa.id at the rate of per cent
per annvm, pa.yable Novem er , , an semi-annua. y thereafter
on the first day of May and the first day of November in each year
as evidenced by and upon the presentation and surrender of the
annexed interest coupons as they severally become due. Both prin-
cipal of and interest on this bond are payable in lawful money of
the United States of America at
, in St. Paul, Minnesota, or
, New York, New York, at the option o t e o er;
an or t e prompt payment of this bond, both principa.l and inter-
est, when due, the full faith and credit of the City of Saint Paul
� are irrevocably pledged.
This bond is one of a series of bonds issued and sold
by said City of Saint Paul in the aggregate principal amount of
Four Million Five Hundred Thousand Dollars ($4,500,000) , authorized
by La.ws of Minnesota 1971, Chapter 773, for the purpose of the pro-
curement of funds in said a.mount to be used by said City for the
acquisition, construction and repair of capital improvements of
the City of Saint Paul, as authorized by said law.
It is hereby certified and recited that all things, acts
and conditions required by the Constitution and Laws of the State
of Minnesota and the Cha.rter of said City to ha.ppen and be done
and performed precedent to and in the issua.nce of this bond, ha.ve
ha.ppened and have been done and performed in regular and due form
and time as required by law, and tha.t the issuance of this bond
did not cause the total indebtedness of the said City to exceed
any constitutional, statutory, or charter limitation.
IN WITNESS WHEREOF, the said City of Saint Paul by its
Council has caused this bond to be sealed by the facsimile of its
Official Seal, lithographed hereon, to be signed by the facsimile
signa.ture of its Mayor, attested by the lithographed facsimile
signature of its City Clerk, and countersigned ma.nually by its
-2-
�.� 2�1�;��;�
� �
Director of Finance and Ma.na.gement Services, and each of the
interest coupons hereto attached to be executed by the lithograph-
ed facsimile signa.tures of its said officers, as of the first day
of May, 1973 .
(facsimile) La.wrence E. Cohen
yor
Attest: (facsimile) Harry E. Marsha.11
City Clerk
Countersigned:
Director o Finance and
Mana.gement Services
COUPON
On the first day of Ma.y (November), , the City of
Saint Paul, Minnesota, promises to pa.y to bearer at
, St. Paul, Minnesota, or t e
, New York, New
or , at t e option o t e o er, t e sum s own hereon for inter-
est then due on its Capital Improvement Bond, Series 1973, dated
as of May 1, 1973, No.
(facsimile) La.wrence E. Cohen
Mayor
Attest: (facsimile) Harry E. Marsha.11
City Clerk
Countersigned: (facsimile) Robert W. Trudeau
Director of Fina.nce and
Ma.na.gement Services
be it
FURTHER RESOLVED, Tha.t each said bond sha.11 be sealed by
the facsimile of the Official Seal of the City of Saint Paul
lithographed thereon and signed by the facsimile signa.ture of its
Mayor, attested by the lithographed facsimile signature of its
City Clerk, and countersigned ma.nually by its Director of Finance
and Mana.gement Services, in accordance with Section 475.55, Minne-
sota Statutes 1971, and the interest coupons thereto attached sha.11
be executed by the lithographed facsimile signatures of said
officers, and be it
-3-
, _ .r �b 1 ca b �,
OFFIC�.:.�L t�UJ1'..°,i'IS1:�•IE�IT
t� 1`:C1TS.C? (?, ��(l��(f; S�1LI?
� cT� oi�� s;:��v2 rf°,��T., r�z��.�:�sur�l
� ,,
t $4,500,COC� C�1I'T'iAl, T'rIPR.C?T✓F�IENT B�:1�;DS, S�;RI1�5 1973
' $6,355 ,0:?�J L?�;�;�i1 KENit�fA't., t�OiVDS, S�t:Ii,S 7.973-I
Notice is hereb;� given that sE.al:�.�l propos.=�ls for the p�irc��as� cf tne
cai.i:����:< <��scribec b;�nds �,r�L1 be received a� th� cJff_ice of the Director of Financ�
a�� ' i ��:�?oeme*�r Services, Acco+an�irig Divisiort, 109 City Ha.11 ar.d Courr ho,�s�
B:ii.;ci��o in Saint Pa;il, rrinnzsota, t!p to J_U:OC A. P4. Central Daylight Tim2, on
We�1�-_�day3 �,I�y 9,,;I9?3
ar�ci ;�_�ch proposals wi11 thzn be op?ned in the Of�ic� of t�le UiYector c�f ���.r�ae�.ce
���,:: i1�-?�.a�em2nt Servic�s, Accour�ting Division, or his r�pres�ntative, �a«u s'�ai1
r.ro���e�1 to tab�.ilai.z said 'oids and mak� a recomm?!Zdatior to th� Ci�y Council at
t.'t,�?.r regular meeting that day. Based on th� reconm�ndai:ion aF che Direci-o� oE
_�i.r,��ic� nnd �tana��ment Services, th� City Council sflall proceecl to m�ke tne
a.vard or a*aards of, or reject any and alI bids Lor, the following boads:
AlI or none oF $4,500,000 Par Va1ue Cotipon C�I'I1�L I�•1PR�V�[E�iT ��:1DS,
S�!?'�S 7.973, numbered A-1 to A-900, inclLSive, ma�urin; in n!imerical or<?�r_ on
i'-�:% :t �ri each of th� y2ars and amounts as follows:
$4`�0,000 ir, eacn of the ye.��rs 197�� to 19�3, i_nc:lti�iv��.
Al� c3r none oE $6,355,000 Par Vaiue Cou.00n li�.�L1.'V �'._�\T���J<_�L FOi�iD�, S�ZI�;S
ZJ%�-T� numbered AA-1 t0 �-�_?7�� 1T1�illS1Vc_� 111a�11:C111� 1P RllC�l?riC.'�..� O1`Q�Y' O'Ll 11?y. l
in e��c� c�i th� y�a_rs and amounts as follows:
$15S ,C00 in the year 1976
$180,000 in eacn oi tn� years 1977 to 19i9, incl��s?v?
$200,G00 in each of the y�3rs 19u0 to 1983, i_�clusive
$2�0,000 in each of th� y:�ars i9g4 ar.ci 198�
$22U,000 in each of �he years i98» to 1988, inclusi°��
$210,000 in Each o� the years 1989 tu 1992, inclu��.�-e
$220,000 in each of the yea,=s i9Q3 to 1997, i�c�.11S LVE'
$2.00,000 in eacn of the years 1998 and 1)99
$300,00� in each of the years 20G0 to 2UO3y inclt!siva.
Th� Un:�AN REN�TJ�L RQNDS, SEi.IES ?973-I, maturinQ on anil aitec itay l, 1984
::':�:�'_i 1.,�.� su��jec:t to red,>mption t�� tn� City oI S.Zint Patil, in tahol� or in P?rt, i�l
j:;:",:';i: .?TC22i Of l`�1P_1Y' S^r1Sl ilLC7il!?'"S� Oil 1"t�y 1� 19b'.i� c421i1 OiZ c?IZY 1I1�°"L"E_'S t P�t'l�:�:1;-.
�,:,f .: t1��?eeat-�er, at tlie principal ar�o��nt tl.e.�eoi, plus ini.er�.>t accr«�.�d Lhere��n
1n ;'1:� C�3�� Oi YC`C�E'.i(1�t10i1� t0�t.L.'il':.I' tiJl��1 .l rY�'i?l_t'.?i P�:p71";'SS2� c1S u �)�.YCE'_riC<�u'' O-� [ilc=
k <-:_ '.n�:�1 �,*:�ount of bands redeemad as sho�,,m belo,,r:
Period Reden! tion Prt�r,�it�;��.
—'L-----_.__.�_
��;: '�i�ay 1, I983 to �nd incl.ucling Pdovemi�er 1., 19�9 2 i/:';;
�7 � ;':��� 1., 19J0 ta and 1il�lu�lir.�, T:ov:�r:;��er 1, 1�9!E . 2'%
(:., �C-;� l, 7995 to an:l includi�io i�,ovcmb��- 1, 1999 I lj?i;
Ur� .. '_/ 3., ?0;�0 anc therez`Ler 1%
Notice of redemption shal.l be hiven hy pubii_caticn of a nolice os
re�l^�,ption onc^ in a d�ity r.e�a�Paper c�f �c�n�.r.a1 circ�llation, c�r in a daily
f.i��;���<�i•_�1_ �>an�r, ��I�� `�L.J«�CL iT� tlzr City (�i: P1E?sJ YOY'��:� P�e�a Yc�rl:, rand p,�ir.ted in th;>
- ,��.i t.-?�?.: i -- .'ni: i?('.Ci_' l_I! ... .<i�11�� ..i,`� .. . . .!�J i!c'Cl.i ��.L�.' .... ��t_[�.�J _.,�.L•.'... Lt( . ...:.t_"�.. ._...
; ., i , , - : ., .,. . .
.,� � . . ...� �. '. . .. ,
• - t ! � .' F �.. . .'.1" � _ 7�^`" �.1 "i S 7 ..
Ci.� i7i. Ci�� f.�� .;i_ �.l.cts,�� or_' 143 ... _i:t�� .I.1L.3R < <.� �Z; �. pi _ t:'cl !ti i_i� ��it=�Li_s�l
�c�'�.•�.Lt.2��::� �J�1.1(:ll C1YCtL1i1L.E'-S t'11?�Oltril�Jl1�: r�1�' vL�?t � �111C�. fl?�L'C:1S[li-_'S fi.n412C1?L P'..'_�v� �a
part oL i�: s�rvicc, such nc�t_i�,E� to b:> pub?it,h:_>d not le_;s tl.an thirty nor m�r.e t�i�?«
rUi"i_� .'FI.Vr^_ C1ciS':i pL1C)I' t�:l �-}):'. C�<:;�',i� f1�C;"C� f�11 1"(?�).:C"�LtiO'.l.y �i7'CI li SUCh notiCF? Sll�ill.
t"lc'1Vt� ..�E'Il �T1V�i1 dil�� ii��jT[i°ri� 'ti:?'':O f �ll�V In�1C1G OT IJ�U'v 7.'��'Cl .f c-rY� 1I1teYC'_S� C�1,_rcOR
Si1=11 � C�'�1.��.2 fY0:�1 BILC� df`L°1 t�1� G.=1tC SO �1Xa?C i 01' 1"E.'G��'Iiif7t10:1.
The tincrualif ied �pprovin; o}�icliun� oF t�ie laca iirm of Bri`;�;s �nct i•�or�a:�
oE `:� Cn�: Paul, ilinnzsoi:a, wi11 b° furnished i•Tith tiie abev� b��ds a� tirr.e c.E de"li���}-y.
Cipi.nt��n� ���ill be p�inted cr, the reverse sic'Les of che b�nds ancl c•�_ill stat` t'nat t?��
Ci. �; i�as po�ver ancl is obli�ated to levy ad valc�te� ta�crs for thz pa;-r�nt �f saic�
ho �ci:: �nc� the inter��st th�.reon i�pon sll property z,iithin ssid City, subje.ct to ta .�.t i��Li
b�,- s �;.1 C�ty without limitation of rate or amuunt. Z"ne st:cczsszul }�iddar tivill i��
i��rn�_s�l��r with the usual closin� docu�r�znts, iizciuding a cert?ficat�� that ,-:O liL?;�r'_io??
;..; �,��;;:iirig afiecti�� the issuance oi t�;� bonds.
The bonds tiaill b2 issu�cl imder dat� oi 1`tay l, 1°73, <�nd 7.Ili:C.'.I"c.SL is pa;7aLi�
i•;�v,�-.i�rr l, 1973 and szr-iiannua�l?y ther�a�ter on rIay 1 and 1`?ov�nb�r 1. at tiia UFtic�� oi
t-'t�_- , _..,:.::+1 A�ent of th� City of Saint Paul �� either Saint Paul, Miznesot-3, o� i�aw
'=:�ci: i:s`�.; York, at th� opr_ion of tha h��ici�r.
T+z° City o� Sa?�t Paul tiaill furnisn the pri_i�.ed a�i:1 e.�ecutec? cou,�o� bo.^_1� �
�,-
,;�;_,:.;�_._ c�.>>i= to the successtul bidder in tiie i:enomin�C?.OIi oF ��,G00 ��_ach. CITSi"
!?�!ii'..._._'S C�;il1 b� 1IItil7'LL1Lt?� OP_ Li z bon�s li '!'.�.:�11.-'_5�2�. ��y t�?E' SLt�C_.:.:�i�11. i�.�_(l�Z' c eiCi :1�`.
t.l ' ._i:i7':'.i132 01- S�1Crt D!CiC12=3 �7L1C 1L1CJT_'dC� t1!1[IlDcYS �1�OLl t�l�? �DuP.li3 �Ji.�.i_ ;1Of� COIIS'=-' L;.1;: >
i. . - -:��i refusal O� t�"t? SIlCCd3:irlll Ul!iC?.'�� �O �l'r•�TJr C'::'i:�Vc''�'Z' Qi� ._'_l_C{ 1)�,�l.G�.S�
tlLltl`Y �:?CI t'iV t�t2 tC?T�il� Of til-t_.' T;'_301ll.r.10R3 �illCiiJi1�7.T.1� t[1.' 1S:i'12RC;2 Oi Li:;-_'
a'��;=. : '.���r•.ds, th� iull �aith an.d credit of th�� City o:E S:�int Pau1 , TTirtr_1sota, ar���
i_��_���-. ocably plec?g2d to pay the principal oL- and t'ne in�er�:,� on the b:,n' � cyhen du,�.
Each bici shall specii�� in. n��ltipl�vs oL one-fourti, oc on:-[:�nth ,r.,{ on� p�r
C'.�=::.?� Lil�'_ �'dt? :1L Y'2.rE.'S Of 1iltCL?Sr Nf1i.��i1 �il�? 1SSU2 O� �70�1C�:� i�;_C� f:07" 1S Cp 1J:�31", c�u
:;'(1:' i� U'? �.1CCGlllnc'3i11�.C� t3�' a CE'_?"tiF1�C� O';' C.=1�li1°i �S C�1�.C�� P.l::i<�� ��.'ij2i��� LCU t.'.2 O"CCI!?1� (�c
L!';'� �:'!.L� (7f S81:Lt' Fcll�., for �WO 'P2i CEilr �7�>� ni ti12 1]�1L1::1�,�31 �?Ci1J�.�?l� C�� t�l-".'_ 1SS+_i•_'
iUi" .;:lICf1 �tl� b1� 1S submi�te�. T10 Y��:' O� 1I1L:'_Y{-'_.�t Il1ajT E'7�CE't'.'�. St:St;?Tl ?��'Y' Crrif= \ .�,1
1?=1- '_'."�1:�.'.iiri. For eBCi'1 1S311�'� a11 b�JriC)S Oi. rFl� S3�12 iTaturity I?l1lS�. j�;';?�_ a .:in��.° Z�r'
or ___�::�.�.i:�st fron latp oL issu� to matur_i.t�. rcle ra�.� applicaU].e to az?t� ?���^ci;, oL an
j_.^.,.;:'[::• iC��J T:U�. �ir3 Ioca�r than ti12 Y�2�� <i�,D�LCc�,'l�_�' i.0 t'ORCCS f�,". t[tc' ::1T:!� �:"�:;t'.:? �"1�3LJ!_1`;
r�n «,_ iier maturity date, ASc�iEional cc�upr>ns w_iii. no: b:� pr�rmitt�d, i•;o m�rc t?�,=.�
f�_�:�� (:?) separate ir_terest rates mz}� be bid foi eaL� i:>sue, Fidders rn-�_y not co���.'_•i�io?Z
tn.,i� bids on the avaard of all or n��r.e of sa.�d is.,+..i� oi bc�ncls. Ea�.h �csue of Londs
�.,�i1 ? ��e awar��1 as a separat� issue,
AW'u�YG�� fJt11 b° Pl3r1C 0:7 tYl�=_' b;3SlS Oi t}l;' �O.•7:'..��+� P_f'_`L 111L"i'_�E'.3t C()_t t0 fi?i �:t�-�'
i�:` �i'?:t"tt 1�3U1� SUC(t 1Ptc'_L'2S�= CC)St t0 l�:? CO^lI?U.tcC! by d�'.'�LLt:r'L:l� Ctle <ITi�iiLtr Ot �T:,v'
P��'il'?..:i[�t h1C� fOT L'tl�' 15;ltt' iTC)!R tFlA t0='c11 �iROI!ilf� OF i_I1�2.i�:3t jJS}���)�.�'_ O[1 t}t'��. tJOi.?Cl:; Of
tti:' l:.-':itl:� fYU[Tl ti121T CI<2tC t0 Ct1i: 1'f:S�J`�C�-1V�_' Lit3tl11"1�1�''_u t'C1P.lE:Of P.t t:�lE'. T':?i.•�7 S�2C"Lt1.E.'(�
r bj� ,_il�� bicl�er. E�ch p�-c�posal sho�ild be cnci_c>seu i.r: a se.aled erivel�p;� plainly �aaLked
,
Lo ide.ntify tne iss<<e oF botius iar ���licli suctl bici i:, siibniit-tR� .
Upon a�aard of tn� b�n�s, the cl�ec�: o!= thL st�c.c�ssful l�i.dder o>..• bidders for
eac}i issu�� �•�il l bc c'epusi_tc_<l t;y t11�. C�i-y oi: Sai.nt I',iu1, as ,�arc payrn��nr �f th�` pu�-ch�sz
/�—
/'`" , _
pri_c�� of thr Lond:a oE that issiie, or �s Iiquida�ed dama�r�s i_f the bonds are not
t�l:��l� ttr> ancl p��id for trl�en ready Ec,r deliv�ry.
. , , .
. ,,,_ _: „_ _, , ,- . ; � , ,
� ;!;_����� _,_
_�._ . ...�.! ,� t`r '..:.1.�._Ji.� J. ---���_.'-- ��J �J.� . �.e�.._ �._�.: .(l[�i_:�_ _t_-.�'«� I ..��.'Fl.l---'.1 ?�_, �L��?�:.
1Ci �'±C:COYG3'1Ci� G?LC11 tjZc'_ t:�I[riS GF f"r1.1S t:i�L'.10E'. C>Y jOT 2_2�S t�l'1[1 1)�3Y c'lri:l ����Y�:t�d in*er'c"�i-
'�o c1c:�e ��: d:�livc�r5>, ari.d th� ri�nt is reserved to r��j��t any or all bici;,, At tima
o E c?elivery �f th� bo:lc's, P�:,,--r.>nt of' th�:: amount d�e m?>;t bt� m?d� b5� thc. p�trcliaser
in I't;!)i:�_1L 1U�3D� �:i.iho;:t co�. �o tne City of Sair.t Pa��l.
D�livery �Jil3. be riade wittli� fo;.ty (40) days from date of sa"le in an�
Ci�� �'�1'� ct any p.1_ace. deSL�il�tc'_CI }Jy �1Z? F)i1TL'iliiS2Y <3ti� at t11S e:ir2liS�,
No offer_ino of bcncis will be made by the City of Saint Paul for any p�ir�os�
Fo;: :t least sixty (GO) days fxo�! date of sale,
` Bid furms are availabl� upon request.
Copies of th? Off�.cial S�atement and Notice of Sal�� rnay be ob�a�n�d fr�n
t1_�= t)`partment of Firance and rlansoa-�ent Se�vices, Accounting Di.vi_sica, 109 Cicy
T?a1�L, Saint Pau1, Minnesota 55102. ,_ _ ,_.
ROB?RT �J, T}';iT�E�J
DIRE�TOR 0� FZ"i`IAIVCE a3TD
D-i`- _cl e lipri 1 2R, 1973 rIaN�G•Li�fE�(T S^RVzCES