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261307 • .- \�� • WHITFf - CITV CLERK . COUIICll ����,��, �- PIftK - FINA�E GITY OF SAINT PAUL CANARV - DEPA, TM�rJT BLUE K.�iNAYOR File NO. �., r � ' ' � Co il Resolution Presented B "�` Y Referred To Committee: Date Out of Committee By Date WHEREAS, Chapter 475, Minnesota Statutes, pr,o- � vides that the governing body of any municipality issu3.ng 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 colleetions 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 obligations , and said law further provides that said resolution shall irre- vocably 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 aceount created for the payment of one or more is- sues of obligations ; now, therefore, be it _ RESOLVED, that for the purpose of providing for the payment of the principal and interest upon the $4,500 ,000 Capital Improvement Bonds , Series 1973, issued and sold, as authorized by Resolution of this Council, Council File No. 261238 , when and as the same mature, and for an addi- tional direct tax in an amount not less than five per cent (5�) in excess of the sum required to pay such principal and interest when the same mature, there is hereby levied on all of the taxable property in the City of Saint Paul, in addi- tion to all other taxes, a tax for the payment of said " $4 ,500,000 of bonds, the following direct , annual, irrevoc- able taxes , to wit : COUNCILMEN Yeas Nays Requested by Department of: xI� Butler Konopatzki In Favor Levine Meredith Against BY xxS��c Roedler Tedesco Mme.President �� Hurlt Form Approved Cit Attorn Adopted by Council: Date Certified Passed by Council Secretary BY By Approved by Mayor: Date Approved Mayo 'on to il gy By • � • y ` Tax Required by ���t��,l� ' . Chapter 475, Minnesota Statutes 1969 in excess of Budget Tax For Tax For Principal and Tatal Year Principal Interest Interest Tax ��73 $ -- $ 98,100.00 $ 4,9Q5.00 $ 103,005:00 'a974 450,000.00 187,200.00 31,860.00 669,060.00 1975 450,000.00 168,300.00 30,915.00 649,215.00 1976 450,000.00 148,500.00 29,925.00 628,425.-00 1977 450,000.00 128,700.00 28,935.00 607,635.00 19?8 450,OOO.QO 108,900.00 27,945.00 586,845:00 1979 450,000.00 89,100.00 26,955.00 566,055.OQ 1980 450,000.00 69,300.00 25,965.00 545,265.-00 1981 450,000.00 49,500.00 24,975.00 524,475..00 1982 450,000.00 29,700.00 23,985.00 503,685:00 1983 450,000.00 9,900.00 22,995.00 482,89�.00 $4,500,000.00 $1,087,200.00 $279,360.00 $5,866,560.00 ~ WHI�E - CITY CLERK CDUnCll 2C1�(�r`J PINK - FINANCE Lj �� � BLUER�� MAVOR��NT GITY OF SAINT PALTL File NO. � � � � Council Resolution Presented By Referred To Committee: Date Out of Committee By Date be it FURTHER RESOLVED� tha.t in the event any principal and interest come due prior to the receipt of the proceeds of said taxes, it sha.11 be paid promptly, when due, out of the general fund of the said City of Saint Paul,� and re- imbursement therefor sha.11 be made when said taxes sha.11 have been received; be it FURTHER RESOLVED� tha.t there is hereby created a separate account in the common Sinking Fund of the City for said obligations, and that the taxes received for the pay- ment thereof are hereby irrevocably appropriated to said account, and that 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 information 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 provisi9ns of Cha.pter 475, Minnesota Statutes, and tha.t the tax levy required for the purpose ha.s been made; be it FURTHER RESOLVED, tha.t before the said bonds sha.11 be delivered to the purchaser, the Council of the City of Saint Paul shall obtain from the County Auditor and deliver to the purcha.ser a certificate of the County Auditor tha.t the issue ha.s been ente�ed on-�is register and that a tax ha.s been levied as required by la�r, in accordance with the provisions of Chapter 475� Minnesota Statutes; be it -3- COULVCILMEN Requested by Department of: , Yeas � Nays � , Konopatzki In Favor Levine Meredith � Against By �!mC $E�edler . Tedesco Mme.President $� $111�1'� Form Approved by City Attorney Adopted by Council: Date Certif' as ed by C� tary By By Approved by Ma r: Date Approved by Mayor for Submission to Council By By WHI� - CITY CLERK -1}���.1' J PINK - FINANGF CO1111C11 ��V 4� � BLUERVS-'MAVORTM�NT GITY OF SAINT PALTL File NO. � ' Council Resolution Presented By Referred To Committee: Date Out of Committee By Date FURTHER RESOLVED� that such taxes sha.11 be col— lected and the payment thereof enforced at the same time and with and in like ma.nner as other taxes of the City of Saint Paul� and when collected sha.11 be used solely for paying the interest and principal of said bonds when and as the same mature. -4- COUNCILMEN Requested by Department of: Yeas ��. Nays Konopatzki' In Favor Levine Meredith _�_ Against By Spot6�it Rc�edler Tedesco Mme.President �@ FIORt MAY 18 �7� Form Approved Ci Att ey Adopted by Council: Date \ Certi ed sed by il etary By By Approve M or Date Approved by Mayor for Submission to Council By By PUBL1SftiD MAY 2 6 1973 � • CITY OF SAINT PAUL, MINNESOTA -`'7�/'�0 LIST OF BIDS RECEIVED MAY 9, 1973 �'C � � $4,500,000 Capital Improvement Bonds, Series 1973 NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST The First National Bank of Chicago (Mgr.) 1974 4,00% $ 396.00 $ 1,086,804.00* The Northern Trust Company 1975 - 1983 4.40 (4.3911%) Continental Illinois National Bank and 1Yust 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 Association Girard Bank Hayden, Stone Inc. Reynolds Securities Incorporated LaSalle 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 Hanaeatic Corpora'tion Hutchinson, Shockey, Erley & Co. Altgelt & Co. , Inc. Van Kampen, Wauterlek & Brown, Inc. Ferris & Company i�ational 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, Bankera Truet Company )Jt. 1974 - .1983 4.40% 265.43 1,088,734.57 Blyth Eastman Dillon & Co. , Inc.) Mgrs. (4.39892%) Chemical Benk 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. (continued next page) Lis� of Bids received May 9, 1973 � $4;500,000 Capital Ymprovement$onds, Series 1973 NAME OF ffi DDER �UPON RATE PREMIUM NET IN1'EREST COST (continued from Page 1) 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. Zhe Ohio Company Spencer Trask & Co. , Incorporated Seattle Trust and Savings Bank Allison-Williams Company Boettcher and Company First National City Bank ) Joint 1974 - 1975 4.25% None 1,095,525.00 The First Boston Corporation )Managers 1976 - 1981 4.40 (4.4263%) The Bank of America, N.T. & S.A.) 1982 - 1983 4.50 United California Bank Weeden & Co. , Incorporated Bank of the Commonwealth Hayden Stone, Inc. Loewi & Co. , Inc, North Carolina National Bank Stephens, Inc. Marine National Exchange Bank The Chicago Corporation Thomson McKinnon & Auchincloss, Inc, Juran & Moody; Inc, Kidder, Peabody & Co. , Incorporated)Jt. 1974 - 1980 4.40% 2,295.00 1,098,855.00 Reynolds Securities Inc, )Mgrs. 1981 - 1983 4.50 (4.4398%) R. W. Pressprich & Co. , Incorporated Stone & Webster Securities Corp. Alex, Brown & Sons Ladenburg, Thalmann & Co. , Inc. F. S. Moseley & Co. Paine, Webber, Jackson & Curtis, Incorporated 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. (continued next page) -2- List of Bids received May 9, 1973 � $4,500,000 Capital Improvement Bonds, Series 1973 NAl� OF BIDDER EOUPON RATE PREMIUM NET INTEREST COST (continued from Page 2) 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, Mackey, 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. The Chase Manhattan Bank, N.A. )Jt. 1974 - 1976 4.20% 140.00 1,103,710.00 Harris Trust and Savings Bank )�Igrs. 1977 4.40 (4.459470) Merrill Lynch, Pierce, Fenner & Smith) 1978 - 1983 4.50 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 1Yust 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 Union Trust Company First National State Bank of New Jersey Chester Harris & Co. , Inc. (continued next page) -3- Lis� of Bids Received May 9, 1973 � $4,�00,000 Capital Improvement Bonds, Series 1973 NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST (continued from Page 3) W. E. Hutton & Co. Prescott, Merrill Turben & Co. Provident National Bank Walston & Co. , Inc. Blunt Ellis & Simmons Commerce Bank of Kansas City Cowen & Co. Johnston, Lemon & Co. National Bank of Commerce, Memphis Reinholdt & Gardner United Missouri Bank of Kansas City N.A. Ernst & Co. First Mid America Inc. Folger Nolan Fleming Douglas, Inc. McMaster Hutchinson & Co. J. A. Overton & Co. Shaughnessy & Company, Inc. Suplee-Mosley Inc. Wells & Christensen, Incorporated Halsey,. Stuart & Co. Inc. )Jt. 1974 - 1976 4.25% $2,250.00 $1,104,750.00 duPont Glore Forgan Incorporated) Mgrs. 1977 - 1983 4.50 (4.4636%) The Philadelphia National Bank Crocker National Bank Shearson, Hammill & Co. Incorporated The Connecticut Bank & Trust Company A.G. Becker & Co. , Incorporated Harris, Upham & Co. , Incorporated G. H. Walker & Co. , Incorporated Wilson White, Belf, Lake, Rochlin Municipals, Inc, Lombard/Wall Incorporated Boston Safe Deposit and Trust Company Banco Credito Y Ahorro Ponceno Adams, McEntee & Company Bank of Virginia Rand & Co. , Inc, Detroit Bank & Trust The National Bank of Commerce of Seattle R. D. Lahite & Company Ball, Burge & Kraus Halle & Stieglitz, Filor Bullard George K. Baum & Comp any State Street Bank and Trust Company The National City Bank of Cleveland The Heitner Corporation Hibbard, 0'Connor & Weeks, Inc. A. Duncan Williams Inc. (continued next page) -4- � �. - Lisr of Bids Received May 9, 1973 ' $4,500,000 Capital Improvement Bonds, Series 1973 NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST (continued from Page 4) Mullaney, Wells & Company Shelby Cullom Davis & Co. Hallowell, Sulzberger, Jenks & Co. A. Webster pougherty & Co. , Incorporated Lyons, Hannahs & Lee, Inc. Raffensperger, Hughes & Co, , Inc, Wells, Townes & Company, Inc. Sellers Investment Company, Inc. Colin, Hochstin Co. Wood-Peebles, Inc. Municipal Securities, Inc. Memphis Salomon Brothers 1974 - 1978 4.40% $ 144.00 $ 1,106,856.00 Morgan Guaranty Trust Company of New York 1979 - 1983 4.50 (4.47214%) Bear, Stearns & Co. Goldman, Sachs & Co. Donaldson, Lufkin & Jenrette, Inc. *Successful bid. ROBERT W. TRUDEAU, DIRECTOR DEPARTI�NT OF FINANCE AND MANAGEMENT SERVICBS -5- � w sTn�s �F c� ) cc�r oF �c j ss. } C�TY' 0�' s�AT�T P!►UL } I� H�'ry' E« �tarsh�].1�, d.ty �l.erk di t,�s Ci�y of Sa�nt Pa�al�, M3r�necota, do �ere�by aeex�i.�'y �2�►t Z �'i}.�d a Qertitied ec�py of r�ar�alutl�t�, Counci2 I�'iie Ito. 2fi13t37�, adoptec� by t.l�e City Cbuncil of the City c�t' �air�t Paul on t�e�y 18, 1973, in the offic� oP the Couaty Auditor oP R+�naey Cc>uatyy �Ltnne�ota� together with t1�}.]. informatiat� regarding the boade �br wh3ch the �ax speci�'led in said resolut3an is levied. I flirther certif� that Lou McKenna, Cbunty Auditor a�' R�uusey Cat�ttty� Minnesata, hs.s Piled a. certi:�'�.cate in npr oPfYce that he hse been ft►rnished with a certifi�d copy of�he aforemetltioned xesolution; tha� said resolutian specifiee the tax levies for all yeersj t2zs�t he hass entsred the obligations in the bond re�i�ater required by Chapt�r 475 �f the Minnesot� Statutes Atuiotated; an3 that the t�at levy re- quired by said chmgter ha.s baen n.a.de. T fla.rther certify t,h�.t the afareaa,id certificate of the Qounty Auditor of Ramsey Cbur.ty wa� presented to the City Counc3l oP th,e City af Saint Pecu1.� M3rinesota„ on: June 5s 1�73� s�nd wae by them ordered filed in �y office, WT�E:3S MY �1AMD AND THE SF«AL E?I� THE GITX OF eAI�T PAULt M�SOTA�, THI� 5'�h ]aAY 0�' Jt�� 1973. ,� r ` /;',i ; .�,_ .. �-- :�" .� � City C7�erk. ; : . � ' FfLED s�� � 9 5Z �x ��3 CiTY Ct�ERK'S OFFiCE STATE OF MINNESOTA ) ST PAUL.'����' 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 May , 19 73 , a certified copy of Council File No. 261307 adopted May 18, 1973 by the City Council of the City of Saint Paul levying taxes for $4,500,000 Capital Improv�meat 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. 779 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 June , 19 73 COUNTY AUDITOR, COUNTY OF RAMSEY Lou K�nna Entered in Bond Register �, / � By: �-c, :Jeput� c ar z �, � �= � �G �,3 0 7 _ � ,�r F1L�0 ��� a 9 52 a� �z3 STATE OF MINNESOTA ) ��jY CLERK'S OFFICE CERTIFICATION AS TO TAX LEVY ) SS ST PAUL�MINN. AND REGISTRY OF BONDS UPON COUNTY 0 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 29th day of May , 19 73 , a certified copy of Council File No. 261307 adopted May 18, 1973 by the City Council of the City of Saint Paul levying taxes for $4,500,000 Capital Improvement 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. 779 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 Jnne � 19 73 COUNTY AUDITOR, COUNTY OF RAMSEY Lou nna Entered in Bond Register � �°� �� By i �.�t.� r`'� � ^, _ �eputy Richard Banz .i , , FIlEO Ju� � 9 52 AH 'T3 C47 S.�PAUL�MINN�GE STATE OF MINNESOTA ) CERTIFICATION AS TO TAX LEVY ) SS AND REGISTRY OF BONDS UPON COUNTY 0 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 29{� day of May , 19 73 , a certified copy of Council File No. 261307 adopted May 18, 1973 by the City Council of the City of Saint Paul levying taxes for $4,500,000 Capital Improvement 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. 779 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 June , 19 73 COUNTY AUDITOR, COUNTY OF RAMSEY Lou nna Entered in Bond Register / ~ � �Y= � � ) Dep�.ty C}18TC1 BSTiZ n, '�«'V �•�� ��4 ,R' �` �� 1 � �a{� �- `: ��� � June �, 1y73 Mr. Don Re3ser The Firs� Ylational Hank of Chicago One i is�st Nation�,l 73F�.nk :L'laza Chicm�a, I1linnis L�ear Si�: �nclosed is a cert3f�cate of Lou McKennet� I�amaey Ceur�:tY Auditory to �he e:f.iect that he has levied taxes to pravide for the p�.yment af grirzcipal and intere�t on the bonds c�eseribe� iz� the c�rtifica�e. Very truly yo;u�y, City Clerk n� Mt�.Y 2`�� 1973 gon. Zou McK�nn�. Count,y Auditor Coi:x�t Hou�e De�zr Sirt A�tention: NIr. Leonard Olson Attached is a certified copy of Council File 261307s adop�ed May 18, 1�`l�� pertaining to the ta.�c levy for ��+,500,000 Capital Tmprovement Bonds, Series 1973. Wi11. you ple��e f'3.11 out and sign the attached 6 certificates pertaining to this matter an.d return to this oPfi.ce? Yery tru],y yours, City C],erk ng ,REGIST�REB N0. � 1�- -- -..,.. �T ,''. � , Value ; SPeeial � ',� Delivery ��Q � R etu m c �- Reg.,Fee � 5 Receipt $ � ,, \ � �� ~' Handling Restricted ��� `�'" Charge � Delivery ; ' i' $ 0 Postage $ I AIL 1 POSTMASTER(By) OFFICE � 0 FROM " 0 -------' - ---'T - ' —`- � -- --�_�"'-'-�y r1(j o J� _ _ � ______�� -------- G�- �'s'/D u" _ __ ��r ------ i��c�" � � � ,'� , - . SAVE THIS RECEIPT FOR R'EGISTERED MAIL ' COVERAGE—Domestic insurance for registered mail is limited M (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 additionai details of insurance limits and coverage for domestic registered mail. FILING CLAIM---Claim must be filed within 1_year from the date of rriailing. Present this receipt and submit evidence of value, cost of repairs, or cost of duplication. -_ FOREIGN COUNTRIES--Consult postmaster as to insurance coverage on registered articles addressed to fareign countries. _ . - o�o ,sna-.�os_,w _ . PS Form 3806.Oct 1970