261239 WH17E — CITY CLERK ��1 ��n
PINK �- -�►r'IAi�.NCE CO11r1C11 lti j "�
BLUPfR�dA�ORTMENT GITY OF SA.INT PAUL ' File NO. �«�
Co cil Resolution
Presented By
;
Referred To Committee: Date
Out of Committee By Date
WHEREAS : .
l. the Council has by Resolution No. 261059
adopted on April 12, 1973, authorized the issuance and
sale of $6, 355, �00 Urban Renewal Bonds, Series 1973-I
to be dated May l, 1973 �
2, the appropriate City Of�'icers have, pursu-
ant to said resolution, caused �roper published no�ice
of the sale of the bonds to be given as required by law
and sealed bids , pursuant to said Notice of Sale, were
received until 10 : 00 o' clock A.M. , Central Daylight Time
on Wednesday, May 9, 1973 , in the office of the Direc�tor
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 Halsey, Stuart & Co. Inc. and duPont Glore Forgan Incorporated, Joint
M�n�gers� {�nd Associates
was found to be the most advantageous , and has recommended
that said bid be accepted.
NOW, THEREFORE, be it resolved tha�
l. the bid of Halsey, Stuart & Co. Inc, a�d duFc�t Glore
Forgan Incorporated Joint Managers and Associates
to purchase 6,355,000 Urban Renewal Bonds, Series 1973-
of the City in accordance with the Notice of Bond Sale
at the rates of interest hereinaf ter set forth and to pay ,
theref ore, the sum of $6, 355,000 plus a premium of
COUIVCILMEIV
Yeas Nays Requested by Department of: .
x��C Butler �
Konopatzki In Favor
Levine
Meredith Against By r
x�m�c Roedler
Tedesco
Mme.President�}� HuTlt
Form Approved 'ty orney
Adopted by Council: Date
Certified Passed by Council Secretary BY
By
Approved by Ma�or: Date Approved b yor for Submission to Council
BY gy . ` .....s� ds� �
. . „ .�-,.- . ,�,,..._ , .._
.
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$ 1,906.50 is hereby found, determined and deelared to
be the most favorable bid received and is hereby accept,ed
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
bi�:der and to forthwith return the good faith cheeks
or drafts to the unsuccessful bidders;
3 . said bonds shall be payable as to
principal � and in�erest at The First National Bank of
Saint Paul, in St . Paul, Minnesota, or The Chase
T�Ianhattan Bank, N.A. , in New York, New Yorlc, 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 :
Interest
Years Serial Nos . Rate ,
1976 thru 1981 AA- 1 to AA.-219 4.75%
1982 thru 2003 AA-220 to AA-1271 5.00%
5. the Council hereby ratifies and appro'ves �
each and every ac� of the Sinicing Fund Committee in
connection with the sale of the said bonds ;�
6. said bonds shall be executed by the fac-
simile of the official seal of the Ci�y of St . Pau�
lithographed thereon and signed by the Iithographed
7;��;im-ilp iurn nf� !r.-.., tt. ,, L. a c_ i
f_�..� � ._ s;gri3t �. ..L t'h�, P.�Lyc,l', a���s �eu riy u���e 1_'�t,ho-
graphed facsimile signature of the City Clerk and
coun�ersigned by the manual signature of �he Di:rector
of Finance and l�Tanaoement Serviees and the interest cou--
pons attached to each boncl shall be executed by. �he
lithographed facsimile signatures of sa�ci o�'fieers ;
-2-
WHI7E - CITV CLERK COUI1C11 �s��
PINK FINONCE GITY OF SAINT PALTL
CANA� �DEE��ARTMENT �'�t 9
BLUE�.-=MAN6R File NO.
Council Resolution
Presented By
Referred To Committee: Date`
Out of Committee By Date
7 . the bonds of said issue shall be dated Ma.y 1•,
1973, and shall be numbered from AA-1 to AA-1271 both inclusive.
Interest on said bonds will be payable November 1, 1973 ar�d
semiannually thereafter on Ma.y 1 and November 1 in each year;
and
8. bonds of said issue, maturing in the years 1984�
to 2003, both inclusive, sha.11 be subject to redemptio'n i�
whole or in part in inverse order of their serial numbers on
May l, 1983 and on any interest payment date thereafter at a
price of par: plus accruec� interest plus a premium of $125.00
if redeemed before Ma.y 1, 1990; at a premium of $100.00 i�
redeemed on or after May l, 1990 and before Ma.y 1, 1995; at
a premium of $75.00 if redeemed on or after May 1, 1995 �and
before May l, 2000; and at a premium of $50.00 if redeemed on
or af ter Ma.y 1, 2000. Notice of redemption sha.11 be given by
publication of a notice of redemption once in a daily newspaper
of general circulation, or in a daily financial paper, published
in the City of New York, New York, and printed in the English
language, and once in a daily or weekly periodical published
in a Minnesota city of the first class, or its metropolitan
area, and printed in the English language, which circulates
throughout the State and furnishes fina.ncial news as part of
its service� such notice to be published not less tha.n thirty
nor more than forty-five days prior to the date fixed for _
redemption� and—if such notit� sha.11 have been given and pay-
ment thereof duly ma.de or provided for, interest thereon shall
cease from and after the date so fixed for redemption.
-3-
COUIVCILMEIV
Yeas '"�`" Nays Requested by Department of:
� �
Konopatzki In Favor
Levine
Meredith � Against BY
S�nd�i� Be�e�ler
�� 91973
Mme.President �C I�ti'� �Y �
Form Approved y C'ty o ney
Adopted by Council: Date
Certi 'e a sed by Co il tary � BY
By
Approved M or: ate � Approved by Mayor for Submission to Cou�cil
By BY
pUBLiSHED MAY 18 1913 -