The URL can be used to link to this page

261306 P Nr. �INANCERK TT CO11I1C11 • CANAR� � DEPAR�MENT � GITY OF SAINT PA V L �� , �BLOE - NiAYOR ar-. File NO. � ' � Cou il Resolution L • . Presented By Referred To Committee: Date Out of Committee By Date WHEREAS, Chapter 475, Minnesota Statutes pro- vides that the governin� body of any municipality issuing general obligations shall, prior to the delivery of the obligations, levy by resolution a direct general ad � valorem tax upon all taxable property in the municipality , to be spread upon the tax rolls for each year of the term of the obligations , and said law also provides that the tax levies for all years , shall be specified and such that if collected in full they, together with estimated collec- tions of special assessments and other revenues pledged for the payment of said obligations , will produce at least five per cent (5%) in excess of the amounts needed to meet, when due, the principal and interest payments on the obli- gations , and said law further provides that said resolution shall irrevocably pledge the taxes so levied, together with any special assessments or other revenues available therefor, to the municipality's Sinking Fund or to a special Sinking Fund or account created for the payment of one or more issues of obligations ; now, therefore, be it RESOLVED, that for the purpose of providing for the payment of the principal and interest upon the $2 ,000 ,000 Water Pollution Abatement Bonds , Series 1973, issued and sold, as authorized by Resolution of this Council, Council File No. 26.1240 , when and as the same mature, and for an additional direct tax in an amount not less than five per cent (5�) in excess of the sum required to pay such princi- pal and interest when the same mature, there is hereby levied on a11 of the taxable property in the City of Saint Paul, in addition to all other taxes, a tax for the payment of said $2 ,000 ,000 of bonds, the following direct , annual, irrevocable taxes , to wit: COUIVCILMEIV � Yeas Nays Requested by Department of: xi�c Butler Konopatzki In Favor Levine Meredith Agaitlst BY 9�looc Roedler Tedesco Mme.President�i� Htult Form Approved by ity Attorn Adopted by Council: Date Certified Passed by Council Secretary BY By Approved by Maxor: Date Approv a r Subr ' ' n uncil By BY � - • � � � � � y �'�� ' Tax Required by - ' Chapter 475, Minnesota Statutes 1969 in excess of Budget Tax For Tax For Principal and Total Year Principal Interest Iaterest Tax � 1973 $ -- $ 49,600.00 $ 2,480.00 $ 52,080.00 1974 -- 99,200.00 4,960.OQ 104,160.00 1975 -: 99,200.00 4,960.00 104,160.00 1976 50,000.00 98,075.00 7,403.75 155,478.75 1977 50,000,00 95,825.00 7,291.25 153,116.25 1978 60,000,00 93,350,00 7,667.50 161,017.50 1979 60,000.00 90,500.00 7,525.00 158,025.00 1980 60,000.00 87,500.00 7,375.00 154,875.00 1981 6Q,000.00 84,500.00 7,225.00 151,725.00 1982 65,000.00 81,375.00 7,318.75 I53,693.75 1983 65,000.00 78,125.00 7,156.25 150,281.25' 1984 65,000.00 74,875.00 6,993.75 146,868.75 1985 65,000.00 71,625.00 6,831.25 143,456.25 1986 65,000.00 68,375.00 6,668.75 ].40,043.75 1987 6�,000.00 65,125.00 6,506.25 136,63Z.25 1988 70,000.00 61,750.00 6,587.50 138,337.50 1989 70,000.00 58,250.00 6,412.50� 134,662,50 1990 70,OOO.dO 54,750.00 6,237.50 130,987.50 1991 70,OU0.00 51,250.00 6,062.50 I27,31�.50 1992 75,000.00 47,625.00 6,131.25 128,7S6,25 1993 75,OOO.Q� 43,875.00 5,943,75 124,818.75 1Q94 75,000<00 40,]_25,00 5,755.25 120,88�..25 1995 75,000.00 36,375.OQ 5,568.75 116,943.75 1996 80,000.00 32,500.00 5,625.OA 118,2�,5.00 1997 80,000.00 28,500.00 5,425.00 113,925.00 1998 80,000.00 24,500.00 5,225.00 109,725.00 ' 1999 90,000.00 20,250.00 5,512,50 115,762.50 2000 90,000.00 15,750.00 5,287.50 111,037.50 2001 90,000.00 11,250.00 5,062.50 106,312.50 2002 90,000.00 6,750.00 4,837.50 101,587.50 Z003 90,000.00 2,250.OU • 4,612.50 96,862.50 $2,000,000.00 $1,773,000,00 $188,650.00 $3,961,650.00 , 2- ` T rG��'�� , - . • . �,r r � b� lt FURTHER RESOLVED, tha.t in the event any prin�cipa.l and interest come due prior to the receipt of the proceeds of said taxes, it shall be paid promptly, when due, out of the general fund of the said City of Saint Paul, and reim- �- bursement therefor sha.11 be ma.de when said taxes shall have � been received; be it FURTHER RESOLVED, tha.t there is hereby created a sepa.rate account in the common sinking fund of the City for said obligations, and tha.t the taxes received for the pay- ment thereof are hereby irrevocably appropriated to said account, and tha.t the City Clerk be and is hereby instructed to file in the office of the County Auditor of Ramsey County a certified copy of this Resolution, together with full informa.tion regarding the bonds for which this tax is levied, and the City Clerk is hereby ordered and directed to secure from the County Auditor a certificate that he has entered the obligations in the bond register as required under the provisions of Chapter 475, Minnesota Statutes, and tha.t the tax levy required for the purpose ha.s been ma.de; be it - FURTHER RESOLVED, that before the said bonds shall be delivered to the purcha.ser, the Cotincil of the City of Saint Paul shall obtain from the County Auditor and deliver to the purchaser a certificate of the County Auditor tha.t the issue has been entered on his register and that a tax has been levied as required by law, in accordance with the provisions of Chapter 475,- Minnesota Statutes; be it -3- . .T WH175' - CITY CLERK � (��^� PINK - FINANCE Council � l �� CANAFt,C - DEPARTMENT M`� � GITY OF SAINT PAIIL File NO. `v �" � BL�UE =tyIAYCR� , � �� , � Council Resolution PresentedBy Referred To Committee: Date Out of Committee By Date FURTHER RESOLVED� that such taxes shall be col- lected and the payment thereof enforced at the same time ---a.rid with and in like ma.nner as other taxes of the City of Saint Paul, and when collected shall be used solely for paying the interest and principal of said bonds when and as the same ma.ture. -4- COUNCILMEI�1 Requested by Department of: Yeas ��- Nays � Konopatzki In Favor Levine Meredith � Against BY 9� Rtl9dleT Tedesco Mme.President � $�q't MAY 181973 Form Approved b City Attor ey Adopted by Council: Date Certif' a sed by CQU+fc' retary BY l B ' Approv by M or: Date -- 2+ 73 Approved by Mayor for Submission to Council By BY Ru�.i�+�o MAY 2 6 1973 M � � ,� CITY OF SAINT PAUL, MINNESOTA � f �� ' �o � ' LIST OF BIDS RECEIVED MAY 9, 1973 $2,000,000 WATER POLLUTION ABATEMENT BONDS, SERIES 1973 NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST Bankers Trust Company ) Jt. 1976 - 1978 4.50% $ 19.66 $1,772,�80.34* Blyth Eastma Di11on & Co. , Inc.) Mgrs. 1979 - 2003 5.00 (4.99079%) ChEmical Bank Smith, Barney & Co. , Incorporated Republic National Bank of Dallas Dominick & Dominick, Incorporated First of Michigan Corporation Bacon, Whipple & Co. Robert Garrett & Sons, Incorporated Kohlmeyer & Co. The National Shawmut Bank of Boston Parker/Hunter Incorporated The First National Bank of St. Paul Stern Brothers &Co. Third National Bank in Nashville Wachovia Bank & Trust Company Prescott, Merrill, Turben & Co. The Ohio. Company Spencer Trask & Co, , Incorporateet Seattle Trust and Savings Bank Allison-Williams Company Boettcher and Company The First National Bank of Chicago (Mgr. ) 1976 - 2003 5.00% $ 117.25 �1,776,132.75 The Northern Trust Company (4.9996%) Continential Illinois National Bank and Trust Company of Chicago Mellon National Bank and Trust Company W, H. Morton & Company Division of American Express Company White, Weld & Co. , Incorporated Dean Witter & Co. Mercantile Trust Company National Assn. Girard Bank Hayden, Stone Inc. Reynolds Securities Incorporated La Salle National Bank E, F. Hutton & Company, Inc. The Bank of California N.A, Pacific National Bank of Washington Elkins, Morris, Stroud & Co. Bacon, Stevenson & Co. William Blair & Company Robert W: �Baird & Co. Incorporated New York Hanseatic Corporation Hutchinso n, Shockey, Erley & Co. Altgelt & Co. , Inc. Van Kampen, Wauterlek & Brown, Inc. (continued next page) L ist of Bids Received May 9, 1973 $2,OQO,OOQ Water Pollution Abatement Bonds, Series 1973 Continued from page 1 NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST Ferris & Company National Bank of Tulsa Rowles & Winston & Co. , Inc. J. A, Glynn & Co. American National Bank, St. Paul Wheat, First Securities, Inc. W, A. Stevens & Co. , Inc. The Indiana. National Bank Fulton, Reid & Staples, Inc. First Mid America Inc. Kidder, Peabody & Co. , Inc.) Jt. �976 - 2003 5.00% $ 12.00 $1,776,238.00 Reynolds Securities Inc. ) Mgrs. (4.9999%) R, W. Pressprich & Co. , Incorporated Stone & Webster Securities Corp. Alex. Brown & Sons Ladenburg, Thalmann & Co. , Inc. F. S. Moseley & Co. Paine, Webber, Jackso n & Curtis, Inc. American Securities Corporation F. S. Smithers & Co. , Inc. Hallgarten & Co. Walston & Co. , Inc. Allen & Company Boland, Saffin, Gordon & Sautter Julien Collins & Company Eldredge & Co. , Inc. Geo. B. Gibbons & Co. , Incorporated The Illinois Company, Incorporated McDonald & Company Newburger, Loeb & Co. Wm. E. Pollock & Co. , Inc. Tripp & Co. , Inc, Dain, Kalman & Quail, Incorporated A. G. Edwards & Sons, Inc. Freeman Securities Company, Inc. Hess, Grant & Frazier, Inc Howe, Barnes & Johnson, Inc. M�ackey, Dunn & Co. , Inc. The Milwaukee Company Murch & Co. , Inc. W. H. Newbold's Son & Co. Newhard, Cook & Co. Rand,' McKay & Lyon, Inc. Rauscher Pierce Secs. Corp, Schaffer, Necker & Co. Schmidt, Roberts & Parke, Inc. I. M. Simon & Co. M. B. Vick & Company, Inc. Estabrook & Co. (continued next page) - 2 - List of B�ds Received May 9, 1973 $2,OQD,004 Water Pollution Abatement Bonds, Series 1973 Continued from page 2 NAME OF BIDDER COUPON R,ATE PREMIUM NET INTEREST COST First �ational City Bank ) Jt. 1976 - 1979 4.90% None $1,793,600.00 The First Boston Corporation ) �rs. 1980 - 1995 5.00 (5.0488%) The Bank of America, N.T. & S.A. ) 1996 - 2003 5.10 United California Bank Weeden & Co. , Incorporated Bank of the Commonwealth Hayden Stone, Inc. Loewi & Co. , Inc. North Carolina National Rank Stephens, Inc. Marine National Exchange Bank The Chicago Corporation Thomson McKinnon & Auchincloss, Inc. Juran & Moody, Inc. The Chase Manhattan Bank, N.A, ) Jt. 1976 - 1994 5.00% $ 12.00 $1,796,248.00 Harris Trust and Savings Bank ) 1995 - 2003 5.10 (5.0562%) Merrill Lynch, Pierce, Fenner & Smith) �rs, Incorporated First National Bank of Oregon John Nuveen & Co. , Inc. Seattle-First National Bank L. F. Rothschild & Co. First National Bank in Dallas First Wisconsin National Bank of Milwaukee Marine Midland Municipals Co, Franklin National Bank Trust Company of Georgia The First National Bank of Miami BancNorthwest Union Planters National Bank Matthews & Wright, Inc. First Pennco Securities, Inc. Abraham & Co. , Inc. Fidelity iJnion Trust Company First National State Bank of New Jersey Chester Harris & Co. , Inc. W.E. Hutton & Co. Prescott, Merrill Turben & Co. Provident National Bank Walston & Co. , Inc. B1unt Ellis & Simmons Commerce Bank of Kansas City Cowen & Co. Johnaton & Lemon & Co. National Bank of Commerce, Memphis Reinholdt & Gardner United Missouri Bank of Kansas City N.A. Ernst & Co, First Mid America Inc. (continued next page) - 3- . .. - List of Bi�ds Received May 9, 1973 �2,000;000 Water Pollution Abatement Bonds, Series 1973 Continued from page 3 NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST Folger Nolan Fleming Douglas, Inc. McMaster Hutchinson & Co. J. A. Overton & Co. Shaughnessy & Company, Inc. Suplee-Mosley, Inc. Wells & Christensen, Incorporated ROBERT W. TRUDEAU, DIRECTOR Department of Finance and Management Services *Successful bid, - 4 - s�n� a� crr� 1 t cxx��r oF �r ; ss. ) cr,�c ca� sau�r pAVr� ) I� Ha�ry �, Nh►ra�halls City Gler� ot tY�e Gity aP 8ae�t �� Minneaote�� do h+ereby cert3..Py tha� T fi�.�d a c�rtifi.ed copy of re+�rc>],ution, Council File No. 2613QGy �ptad 'b�y t2ie City Qounci�, of t� Ci�y oP �:i.t�t Psul on M�y 18# 1973' iu the pffic� �f the Cownty Aud3'�ax o�' l�e�r Gauntyy Mianesata� together wi�h �11 3ttt'nrm�tion rsge�rdiag the band� t'ar which the tax speci�ied 3n sa1sY re�olu�ion ie levi.ed. i f�irther c�rtiPy that Lou MeK,erarta� (7nuaty Auditar oF Ram�ey County� Minnesata, has filed a certi�l.cate iri �y off3ce that he hs�I been flzrnish�cl with a certified copy of the a�'orer�ntiot��d re�olution; ths.t said resoZutidn spec3fies the tax levies for a11 yeara; that he has entered the obliga.tion� in the bonci re�ister required by (�apte� �75 d�' '� ��esota Statutes Annotated; and that tha tax levy re- quired by �aid ehapter has been me.de. T Purtbsr c�rtify that thee et�'c�resald certiFicate of the County �4itditor of Ramsey Countjr wae pr�seated to the City Councii o�' the City a�' Sa�t Pau1, Minnesota, on J'un� 5, 19?3� arld �raas by them ordered Piled in my officea. WI�S �AC HA1�D A�ID �E SBAL OF � CT'I'SC 0�' SA]1�T PAUt��, MII�40TA� , �, �II� 5�h �AY t}�' �, 19?3. (�� ,� { ' \°�. � � ��-� ��`' : � �. �� c �y a�g� . � ,r Fi L'�� J�� 9 � �� '�3 CITY'CLERK�s aF��c� STATE OF MINNESOTA ) ST' PA11L, M1NN• CERTIFICATION AS TO TAX LEVY ) SS AND REGISTRY OF BONDS UPON COUNTY OF RAMSEY ) COUNTY AUDITOR'S BOND REGISTER I, the undersigned, being the duly qualified County Auditor of Ramsey County, do hereby certify that there was filed in my office on the 2`)th day of �Y , 19 73 , a certified copy of Council File No. 261306 adopted May 18, 1973 by the City Council of the City of Saint Paul levying taxes for $2,000,000 Water Pollution Abatement Bonds, Seriea 1973 as the same fall due and to pay and discharge the principal and interest thereof when due. It is further certified that pursuant to Section 475.63 Minnesota Statutes Annotated that said bond issue has been entered and registered upon the County Auditor's bond register File No. 773 and that such tax for the payment thereof has been levied as required by law. WITNESS, my hand and official seal this 4th day of ��e � 19 73 a COUNTY AUDITOR, COUNTY OF RAMSEY Lou enna Entered in Bond Register � � Deputy ,. F :�ichard Bauz ._ c � a�� 3o � � � - � �I�LLd ,1l�� 52 ��'�� STATE O F MINNESOTA >��?�=PA�L��N��'� ANDTIREGISTRY OF BOND� UPON S COUNTY O:F RAMSEY ) COUNTY AUDITOR'S BOND REGISTER I, the undersigned, being the duly qualified County Auditor of Ramsey County, do hereby certify that there was filed in my office on the �9th day of May , 19 73 , a certified copy of Council File No. 261306 adopted M�Y 18, 1973 by the City Council of the City of Saint Paul levying taxes for $2,000,000 Water Pollution Abatement Bonds, Series 1973 as the same fall due and to pay and discharge the principal and interest thereof when due. It is further certified that pursuant to Section 475.63 Minnesota Statutes Annotated that said bond issue has been entered and registered upon the County Auditor's bond register File No. 77a and that such tax for the payment thereof has been levied as required by law. W'ITNESS, my hand and official seal this 4th day of ��e , 19 T3 COUNTY AUDITOR, COUNTY OF RAMSEY Lou Kenna Entered in Bond Register $y: �.-C�"c-� � • �� Depu�ty ard Banz , DEPARTMENT OF FINA MANAGEMENT SERVICES DIVI OUNTING ALL SAINT SOTA 55102 �n ■�■ ROBERT W. TRUDEAU CLEMENS J. SCHLECK DTrector May 22, 1973 Chi�i Accounfiant The name and addresses of the successful purchasers are as follows: �,500,000 Capital Improvement Bonds, Series 1973: Mr. Don Reiser The First National Bank of Chicago One First National Bank Plaza Chicago, Illinois 60670 *��e�*�e�x $6,355,000 Urban Renewal Bonds, Series 1973-I: Mr. Paul Greagor Halsey, Stuart & Co. Inc. 30 Broad Street New York, New York 10004 ��e��e $2,000,000 Water Pollution Abatement Bonds, Series 1973: Mr. Dave Emmons First National Bank of Minneapolis 120 South Sixth Street, P.O. Box A512 Minneapolis, Minnesota 55480 ��c� . _ r „ �iCE� �ur� �I 9 �Z �� '�3 STATE OF MINNESOTA ) = CERTIFICATION AS TO TAX LEVY COUNTY OF RAMSEY ) SS ��pA�L�S�,�N�C� AND REGISTRY 'OF BONDS UPON COUNTY AUDITOR S BOND REGISTER .I, the undersigned, being the duly qualified County Auditor of Ramsey County, do hereby certify that there was filed in my office on the 29th day of May , 19 73 , a certified copy of Council File No. 261306 adopted May 18, 1973 by the City Council of the City of Saint Paul levying taxes for $2,000,000 Water Pollution Abatement Bonds, Series 1973 as the same fall due and to pay and discharge the principal and interest thereof when due. It is furttter certified that pursuant to Section 475.63 Minnesota Statutes Annotated that said bond issue has been entered and registered upon the County Auditor's bond register File No. 778 and that such tax for the payment thereof has been levied as required by law. WITNESS, my hand and official seal this 4t� day of June � �9 73 0 COUNTY AUDITOR, COUNTY OF RAMSEY Lo enna Entered in Bond Register _ \ �, Dep�ty Richard �anA z�— ..,� �r` '�r' �� .,� . ,-� ,-� � f�-��-�'��` `'�'' ) a �'une 5� 1973 Mr. Dave �rnmons First National 13�.nk o F Aiinneapc�li� 120 �3outh S3xth :�txe�t' P. 0. Bax �512 Mi:�neapali�� Minnesota 55�+80 I)ear S3r: Enclosecl is a ce�tif icate of Lo�z McKenna� Ramsey County Auditnr� �to th� �ifect that he has l�vied ta�ces ta prov3.d.e f�r the pa;rm�nt af' princip�l and in�e.rest on �he bonds descxibed in the eertificate. Very truly yours� City Q.erk n� MaY 29, 1973 Hon. Lou McKenna County Aud ito.r Court House Dear Six: Attached i� a certified copy of Council File 261306, ad�pted May 18, 1�73, perta3ning to the tax levy for $2,000,000 Water Follution Abatement Bonds, Ser3es 1973. Wi11 you please fill out and sign the attached 6 cert�ficates pertaining to this matter and return to thi� office? V�ry truiy yours� City Clerk ng REGISTERE N � a �� P06TMA�K oF \ Vetue . ; SPeciel $ Delivery C� Reg.Fee $ ; Rece pt $ `1,, �r �� '�. Handiing Restricted � � Charge � Delivery $ � � �� Pastage � A�� `J.* �� .^� POSTMA�STER(By) �'' � MA a FROM w 0 -- -----•i ------ — o � -- — - � V � J � ` � . -------�F� • /�l SAVE THIS RECEIPT FOR REGISTERED MAIL COVERA6E--Domestic insurance for registered mail is limited to (1) the value of the article at the time of mailing or the cost of re- placement if lost or totally damaged, or (2) the cost of repairs. Coverage may not exceed the limit fixed for the registry fee paid. Consult postmaster for additional details of insurance limits and coverage for domestic registered maiL - FILING CLAlM---Claim must be filed within 1 year from the date of mailing. Present this receipt and submit evidence of value, cost of r+epairs, or.cost of duplication. FOREIGN COUNTRIES---Consult postmaster as to insurance coverage on registered arficles�ddressed to foreign countries. ` o�o ,s�o--�o�_aw PS Form 3806,Oct.1970