261238 WHITL - Cll� LERK ����y��
�NA�Y =�'�TMENT GITY OF SAINT PALTL Council
BLUE - MAYOR File NO. �
1
� _
uncil Resolution �
Presented By �-
/
Referred To Committee: Date
Out of Committee By Date
WHEREAS :
� l. the Council has by Resolution No. 261060
adopted on April 12, 1973, authorized the issuance and
sale of $4,500,000 Capital Improvement Bonds , Series 197�
to be dated May l, 1973;
2. the appropriate City Officers have, pu�su-
ant to said resolution, caused proper published notice
of the sale of the bonds to be given as required by law
and sealed bids , pursuant to said Notice of Sale, wer�
received until 10 :00 o' clock A.M. , Central Daylight Time
on Wednesday, May 9, 1973, in the office of the Director
of Finance and Management Services , Accounting Division,
of the City of St. Paul; and
3. the Director of Finance and Management
Services of the City has advised the Council that the bid
of �e First Natio�ial ��-:nk of Chicago, Account Manager, and Associates,
including the American National B�nk, Saint Paul
was found to be the mo�t advantageous, and has recommended
that said bid be accepted.
NOW, THEREFORE, be it resolved that
l. th e b id of �e First National Bank of Chicago, Account
Manager, and Associates, inc u ng e er can at ona an , aLn Paul
to purchase , 500,000 Capital Improvement Bonds , Series 1973
of the City in accordance with the Notice of Bond Sale
at the rates of interest hereinafter set forth and to pay,
COUNCILMEN Requested by Department of: �
Yeas Nays
x� Butler �-
Konopatzki In Favor
Levine
Meredith Against BY `
x�pxafica�x Roedler
Tedesco
Mme.President �� Hunt
Form Approved C' y Att ney
Adopted by Council: Date -
Certified Passed by Council Secretary BY
By
Approved by Maxor: Date Approved or for Submission t ouncil
By BY /�-'°`C�
. . . � �,
.
. � .. :;. . ��. . 26�.�3�
therefore, the sum of $4 ,500 ,000 plus a premium of
$ 396.00 is hereby found, determined and declared to
be the most favorable bid received and is hereby accepted
and said bonds are hereby awarded to said bidder;
2. the Director of Finance and Management
Services is directed to retain the deposit of said
bidder and to forthwith return the good faith checks
�
or drafts to the unsuccessful bidders ;�
3 . said bonds shall be payable as to
principal and interest at The First Na�ional Bank of
Saint Paul, in St. Paul, Minnesota, or The Chase
Manhat�Ean Bank, N .A . , in New York, New York, at the
option of the holder;
4. the bonds bearing the serial numbers and
maturing in the years as follows shall bear interest
as follows :
_
Years Serial P1os. Iriterest Rate
1974 A- 1 to A- 90 4.00%
1975-1983 A- 91 to A-900 4.40%
5. the Council hereby ratifies and approves
each and every act of the Sinking Fund Committee in
connection with the sale of the said bonds ;�
6 . said bonds shall be executed by the �'ac-
simile of the official seal of the City of St. Paul
lithographed thereon and signed by the lithographed
facsimile signature of the Mayor, attested by the litho-
graphed facsimile signature of the City Clerk and
countersigned by the manual signature of the Director
of Finance and Management Services and the interest cou-
pons attached to each bond shall be executed by th.e
lithographed facsimile signatures of said officers ; and
-2-
r
WHIT& - GTV G'_ERK ��1�3[�
PIfJ� -.$IN �CE Council �� 1 ��
BLUER�-MAYORTMENT GITY OF SAINT PALTL File NO.
� Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
7 . the bonds of said issue ma.ture without option
of prepayment, shall be dated May l, 1973, and sha.11 be
numbered from A-1 to A-900, both inclusive. Interest on
said bonds will be payable November 1, 1973 and semiannua.11y
thereafter on Ma.y 1 and November 1 in each year.
-3-
COU(VCILMEN Requested by Department of:
Yeas -�— Nays
�
Konopatzki In Favor
Levine �
Meredith Against BY
�adia Hc�edler
.Tedocr�c---
Mme.President � �� Q
Adopted by Council: Date
MAY 9 197�+ Form Approved y ity torney
Certif' ed by C Frc'ri �tary BY
By
Approve by Xor: e Approved by Mayor for Submission to Council
By BY
P86C1SHED A4AY 1 g I�7�
� .: .
� DEPARTMENf CF FIN,�,NCE AND MANAGEMENT SERVICES
DlVISiON OF ACCGUNTING
109 CITY HALL
SAINI PAUL, MINNESOTA 55?�2
kC3�R" �'.. -. '.�UFAU _ CLEMENS .. �`��t�C�;
�"E` A����.i 6, 197 3 cn�e+ A.<- : _:,,
:�';:
'�` - al Ols�r
�� .
C;zi� Clerk'� Ofiic�.
307 Cit} Hall �
i;�:�r A1,
Attached h�rewi=�� is a copy cf Not.ice :�f Bond Sale as
approved b;� the Sin'�in� F�.ind Cc.�mittee .�t their mEetin�r cn 4pril -�th.
'il�� couacil reseiution p_�:�cribing �he �o_m cz ho.r.d and coupcn fcr each
issue of bends tc� be ::01�� on s:ay 9, 1973 will ref�r tu the NoLice "a
cop•� ot which is on file in the o�fi�e ��f tne City Cle�k" .
� Also, wi�1_1 yau please note that che a��rard o�; the bortd� to
r -, cUCCES.�fUl tJi.CiCIE.Y W��.i CE.' IDti�l'. G!i i�iay 9� 19;3. L�CCOY��lilso"iy� W1�.�
. �-o� please include t�_is cn the Agencia for tnat da_v.
If yo�.� n��ec� fu��t��-;' info��ma�ion ��-=se call m��,
, p.._.�
S incere iy,
Rcbert W. Trudeau, Director
._ . . . : .�
Barbara ,�sbury (Mrs.) ,
���ach,
cc: Jerome Sebal
� .��-�.�4�
.
DEPARTMENT OF FINA MANAGEMENT SERVICES
DIVI OUNTING
ALL
SAINT SOTA 55102
... ■�■
ROBERT W. TRUDEAU CLEMENS J. SCHLECK
DTncfor Chiaf Accounfant
April 28, 1973
Mr. A1 Olsen
Council Recorder
City Clerk's Office
Dear A1,
I am transmitting herewith copies of the Notice of Sale and
Official Statement to be distributed to the members of the City Council
and for your files,
The bonds will be offered for sale on May 9, 1973 (Wednesday)
and the award or awards to the successful bidder or bidders will be made
by the City Council at their meeting that day.
Will you please include this on your agenda for the Council
meeting on Wednesday, May 9, 1973.
, Sincerely,
Robert W. Trudeau, Director
G�'�/��—
v Barbara Asbury
12 copies
P.S. Please call if you need additional copies.
cc? Jerry Segal
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