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261308. � � 261��8 WH17E — CITV CLERK 1 PINK� � �� FINANCE TT COUC1C11 B��Ek�— M'AV(,RTMENT GITY OF SAINT PA V L File NO. . . a ;� Co cil Resolution Presented By Referred To Committee: Date Out of Committee By Date WHEREAS, Chapter 475 , Minnesota Statutes , pro- vides that the governing body of any municipality issuing general obligations shall, prior to the delivery of the obligations , levy by resolution a direct general ad va�orem 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 collections 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 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 is- sues of obligations ; now, therefore, be it RESOLVED, that for the purpose of providin� for the payment of the principal and interest upon the $6 ,355 ,000 Urban Renewal Bonds, Series 1973-I, issued and sold, as authorized by Resolution of this Council, Council File No. 261239 , 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 principal and interest when the same mature, there is hereby levied on all of the taxable property in the City of Saint Paul, in addition to all other taxes , a tax for the payment of said $6 ,355 ,000 of bonds, the following direct, annual, irrevocable taxes , to wit : COUIVCILMEN Yeas ��1. Nays Requested by Department of: Konopatzki In Favor Levine Meredith Against BY � Ho�dter Tedesco Mme.President � �t, Form Approv d by ity ttorney Adopted by Council: Date Certified Passed by Council Secretary BY By Approved by Maxor: Date Approv ayor i '1 By : BY . . �� ' � �� ' � � 26��'�8 , Tax Required by Chapter 475, Minnesota Statutes 1969 in excess of Budget Tax For Tax For Principal and Total Year Principal Interest Interest Tax 1973 $ -- $ 157,506.25 $ 7,875.31 $ 165,381.56 1974 -- 315,012.50 15,750.63 330,763.13 1975 -- 315,012.50 15,750.63 330,763.13 1976 155,000.00 311,331.25 23,316.56 489,647.81 1977 180,000.00 303,375.00 24,168.75 507,543.75 1978 180,000.00 294,825.00 23,741.25 498,566.25 1979 18U,000.00 286,275.00 23,313.75" 489,588.75 1980 200,000.00 277,250.00 23,862,50 501,112.50 1981 200,000.00 267,750�00 23,387.50� 491,137.50 1982 200,000.00 258,000._00 22,900.00 480,900.00 1983 20Q,000.00 248,000..00 22,400.00 470,400.00 1984 250,000.00 236,750.00 24,337.50 511,087.50 1985 250,000.00 224,250.00 23,712.50 497,962.50 1986 220,000.00 212,500.00 21,625.00 454,125.00 1987 220,000.00 201,500.00 21,075.00' 442,575.00 1988 220,000.00 190,500.00 20,525.00 � 431,025.00 1989 210,000.00 179,750.00 19,487.50- 409,237.50 1990. 210,000.00 169,250.00 18,962.50 398,212.50 1991 210,000.00 158,750.00 18,437.50 387,187.50 1992 210,000.00 148,250,-00 17,912.50 376,162.50 _1993 220,000.00 137,500.00 17,875.00 375,375.00 1994 220,000.00 126,500.00 17,325.00 363,825.00 1995 220,000.00 115,500..00 16,775.00 352,275.00 1996 220,000.00 '"` 104,500r00 16,225.00' 340,725.00 1997 220,000.00 93,500:00 15,675.00 329,175.00 1998 280,000.00 81,000:00 18,050.00 379,050.00 1999 280,000.00 67,000.00 17,350.00 364,350.00 2000 300,000.00 52,500.00 17,625.00 370,125.00 2001 300,000.00 37,500.00 16,875.00 354,375.00• 2002 300,000.00 22,500.00 16,125.00 338,625.00' 2003 300,000.00 7,500.00 15,375.00 322,875.00' $6,355,000.00 $5,601,337.50 $597,816.88 � $12,55/+,154.38 2- _ �, . � � � � , � - 2�1���� 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 shall be pa.id promptly, when due, out of the general fund of the said City of Saint Paul, and reim- bursement 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 heretofore established pursua.nt to Section 3 of Minnesota Laws 1963, Cha.pter 881, for its Urban Renewal Bonds to be issued pursuant to said law as amended, for said obliga- tions, and tha.t the taxes received for the payment 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 tha.t he has entered the obligations in the bond register as required under the provisions of Chapter 475, Minnesota Statutes� and that 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 purchaser, the Council of the City of Saint Paul sha.11 obtain from the County Auditor and deliver to the purcha.ser �. certificate of the County Auditor that 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- . ' WH17E - CITV CLERK � PINK ��- FJNANCE GITY OF SAINT PAITL Council 2�1��'� �P1k1RY - GEPARTMENT dLUE - MAYO�Ft ' ' . File NO. ♦ . Council Resolution Presented By � Referred To Committee: Date Out of Committee By Date FURTHER RESOLVED, tla.at such taxes shall 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 shall be used solely for paying the interest and principal of said bonds when and as the same mature. 4- COUNCILMEIV Requested by Department of: Yeas � Nays Konopatzki In Favor Levine Meredith u Against BY �qo�Oc�c Roedler Tedesco ' Mme.President� �1'!t. 1 Adopted by Council: Date �AY 8 � Form Approv by 'ty torney Certif' as ed by Coun ' S y By BY Approved Ma Date Approved by May r for Submission to Council By BY eusus� M 1973 � � � � � � � ��� c� . - CITY OF SAINT PAUL, MINNESOTA LIST OF BIDS RECEIVED MAY 9. 1973 $6,355,000 URBAN RENEWAL BONDS, SERIES 1973-I NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST Halsey, Stuart & Co, , Inc. ) Jt. 1976 - 1981 4.75% $ 1,906.50 $5,599,431.00* duPont, Glore Forgan Incorporated) Mgrs. 1982 - 2003 5.00 (4.9845%) The Philadelphia National Bank Crocker National Bank Shearson, Hammill & Co. Incorporated The Connecticut Bank & Trust Company A.G. Becker & Co. , Incorporated Harris, Upham & Co. , Inc. 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 Adama, McEntee & Company Bank of Virginia Rand & Co, , Inc. Detroit Bank & Trust The National Bank of Commerce of Seattle R.D. White & Company Ball, Burge & Kraus Halle & Stieglitz, Filor Bullard George K, Baum & Company State Street Bank and Trust Company The National City Bank of Cleveland The Heitner Corporation Hibbard, 0'Connor & Weeks, Inc. A. Duncan Williams Inc. 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. Wellers Investment Company, Inc. Colin, Hochstin Co, Wood-Peebles, Inc. Municipal Securities, Inc. Memphis Bankers Trust Company ) Jt. 1976 - 1978 4.50% $ 2,280.63 $5,604,044.41 B1yth�Eastma. Dillon & Co., Inc. ) Mgrs. 1979 - 2003 5.00 (4.98869%) Chemical Bank Smith, Barney & Co. , Incorporated Republic National Bank of Dallas Dominick &, Dominick, Incorporated (continued next page) Li�t� of Bids Received May 9, 1973 $6,�55,000 Urban Renewal Bonds, Series 1973-I Continued From Page 1 NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST 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. , Incorporated Seattle Trust and Savings Bank Allison-Williams Company Boettcher and Company Kidder, Peabody & Co. , Inc.) Jt. 1976 - 2003 5.00% $ 5,239.65 $5,611,510.35 Reynolds Securities Inc. ) Mgrs. (4.9953%) R.W. Pressprich & Co. , Incorporated Stone & Webster Securities Corp. Alex. Brown & Sons Ladenburg, Thalmann & Co. , Inc. F.S. Moseley & Co. Paine, Webber, Jackson & 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. Mackey, Dunn & Co. Inc. The Milwaukee Company Murch & Co.. , Inc. � W. H. Newbold's Son & Co, Newhard, Cook & Co. Rand, McKay & Lyon, Inc. (continued next page) - 2 - L'3.sC of Bi'ds Received May 9, 1973 $6,355,000 Urban Renewal Bonds, Series 1973-I Continued from page 2 NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST Rauscher Pierce Secs. Corp. Schaffer, Necker & Co, Schmidt, Roberts & Parke, Inc, I. M. Simon & Co. M. B. Vick & Company, Inc. Estabrook & Co. The First National Bank of Chicago )Mgr. 1976 - 2003 5.00% $ 2,553.19 $5,614,196.81 The Northern Trust Company (4.9977%) Continental 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 Hutchinson, Shockey, Erley & Co. Altgelt & Co. , Inc. Van Kampen, Wauterlek & Brown, Inc. Ferris & Company National Bank of Tulsa Rowles, Winston & Co. , Inc. J. A, Glynn & Co. America 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. First National City Bank ) Jt. 1976 - 1978 4.80% None $5,641,600.00 The Rirst Boston Corporation ) Mgrs. 1979 - 1990 4.90 (5.0221%) The Bank of America, N.T. & S.A,) 1991 - 1995 5.00 United California Bank 1996 - 2003 5.10 Weeden & Co. , Incorporated Bank of the Commonwealth Hayden Stone, Inc.. (continued next page) - 3 - List of Bids Received May 9, 1973 $6,355,000 Urban Renewal Bonds, Series 1973-I Continued from page 3 NAME OF BIDDER CDUPON RATE PREMIUM NET INTEREST COST Loewi & Co. , Inc. North Carolina National Bank Stephens, Inc. klarine National Exchange Bank The Chicago Corporation Thomson McKinnon & Auchincloss, Inc. Juran & Moody, Inc. The Chase Manhattan Bank, N.A. ) Jt. 1976 - 1988 4.90% $ 770.00 $5,644,785.00 Harris Trust and Savings Bank ) �rs.1989 - 1996 5.00 (5.0249%) Merrill Lynch, Pierce, Fenner & Smith) 1997 - 2003 5.10 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 Union Trust Company First National State Bank of New ;Iersey Chester Harris & Co. , Inc. 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. S. Overton & Co. Shaughnessy & Company, Inc. Suplee-Mosley Inc. Wells & Christensen, Incorporated (continued next page) - 4 - List of Bids Received May 9, 1973 $6,355,000 Urban Renewal Bonds, Series 1973-I Continued from page 4 NAME OF BIDDER COUPON RATE PREMIUM NET INTEREST COST Salomon Brothers 1976 - 1984 4.90% $ 369.70 $5,667,325.30 Morgan Guaranty Trust Company of 1985 - 1994 5.00 (5.04502%) New York 1995 - 2003 5.10 Bear, Stearns & Co. Goldman, Sachs & Co, Donaldson, Lufkin & Jenrette, Inc. *Successful bid. ROBERT W. TRUDEAU, DIRECTOR DEPARTMENT OF FINANCE AND MANAGEMENT SERVICES -5- + ; , 3TAT� 0�" QTA ) i (.'Ot�4TY aF' R,A1�,7f ,� 38• i CITY 4F SAS�'T PAUL ) I! H�Y E. l�ar�hall�, C3ty Qerk o� t� C,ity o� �e�nt P�1�, Mi��esota�, da he�re3ry certiPy tlaat I fllad a� certifi�d capy oP re�aolu�ioni �mcil File �'a. 2613{3$' adopted by the t�ty Council.. oP t.he Gity �rf Saint Paul c�n �y 1$y 1973� in the of"f`i�� o�' the i'�ttty Aufili�flr aP Ramesy CountY3 M�,nnne�ota.� togeth�r �ith f1i1.1 intor�aat9'�on reg�rcling the bonda �ar which the tax speci!'ied i,n said resolution ia levied. I i�r�her certif�r that Lnu I�eRenna� County Auditor of Rem�ey County� Minrtesota� has filed a certificate in aqr office that he he,s been t'�rni�hed with a certifiesd cvpy �f tk�,e aforement3onsd r�esolution; #h�at asid resoiution specif3e$ th� tax levies for all ye�re; that he has entered the obl.iga�ions in the boad register required by Cha,pter �75 of the Minresota Statutes Ar.notated; and that Y,he ta� levy required by eaid, chapter ha.e been made. T flxrther certify that the aforesaid certifice.te of the (�w�tt;� �iuiitor of Ra�i�ey �ty wa� pre�ented ta the City Crnxncil QF t3� City of S�i,at Paul.� Minneep�.a, on J�use 5s 1973� �nd ws� by them ordered �iled in a�y oPfice, WI�SS MY HAND AND THE� B�AT, 0�' T� CITX OF SAI�TT PAUL� �t)!�Ai THI:3 S�Ch ]�Y OF 3t3��, 1973, �� ��� . �� ty Cier . J � � � . .� F«.Eo ��� a � �� ��'�3 Cl?ST PAUL,N NµICE STATE OF MINNESOTA ) CERTIFICATION AS TO TAX LEVY ) SS AND REGISTRX 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 �9th day of May , 19 1973 , a certified copy of Council File No. 261308 adopted Ma�► 18, 1973 by the City Council of the City of Saint Paul levying taxes for $6,355,000 Urban Renewal Bonde, Series 1973-I 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. 777 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 1,OU lr� i1218 Entered in Bond Register �� Byt � �eputy ��ichard nanz cr a� �3� S� , � ...- _� � STATE 0 F MINNESOTA ) CERTIFICATION AS TO TAX LEVY ) SS �.���p AND REGISTRY OF BONDS UPON COUNTY OF RAMSEY ) COUNTY AUDITOR'S BOND REGISTER JU� � 9 5� a� 'T3 C�ITY CLERK'S 4FFt�CE I, the undersigned, e�p��j�,���{. qualified County Auditor of Ramsey County, do hereby certify that there was filed in my office on the 29th day of �y , 19 73 , a certified copy of Council File No. 261308 adopted May 18, 1973 by the City Council of the City of Saint Paul levying taxes for $6,355,000 Urban Renewal Bonds, Series 1973-I as the same fall due and to pay and discharge the principal and interest thereof wh�n 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. 777 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 3une , 19 73 . COUNTY AUDITOR, COUNTY OF RAMSEY M Entered in Bond Register — �� _ / Dep�ty $ichard Banz , � EILED Jut� � 9 51 �H'�3 STATE OF MINNESOTA ) ClT S,�,C P�u��SµINN t�E CERTIFICATION AS TO TAX LEVY ) SS AND REGISTRX 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 �9th day of M�Y , 19 1973 � a certified copy of Council File No. 261308 adopted May 18, 1973 by the City Council of the City of Saint Paul levying taxes for $6,355,000 Urban Renewal Bonds, Series 1973-I as the same fall due and to pay and discharge the principal and interest thereof when due. It is further certified that pursuant to Section 475.63 Minnesota Statutes Annotated that said bond issue has been entered and registered upon the County Auditor's bond register File No. 777 and that such tax for the payment thereof has been levied as required by law. WITNESS, my hand and official seal this 4th day of Jttne , 19��e COUNTY AUDITOR, COUNTY OF RAMSEY Lou a Entered in Bond Register ,/ ,� � Bys � � �pu.��, Richard Banz �� �:� � � �� � �� � � ,. , � �. �.� _ � _� . � � , June 5, 19'T3 P�s. ??aul t"=re�.�or Hal�pY, 5�uart �: Co.�, Znc. 30 �r�ad Street Ne�r York, New Yr�rk Demr Sir: Pnclosec� is a r.er�ixicate of Lou MeKenna� F�amsey County �uditor� to th� effect that he has levied taxes to pravide for the p�yment o f' principal anc:i 3.nterest on the bonci$ described in the certi:f'icate. Very trtily ynur�� City Clerk � �t,r �t�T� �4�� �sano� �t'Tn.z�. �f.za,� L���33� sxu� o� u�n�.aa �tta .za4�"�ttu s�Cu� 4� �u�u���.aad sa�.sa�3x�.xa� c� pat�ag�.�.8 a��. u��s P� �� ZT�,� �s�aZd no.� Z'L�M 'fi-£L6T $a�.zas °spuog ZB�aauag u�eqxl2 000`SS�`g� ,zo,� 1CnaZ x��. au�. o�. �;z�u���.xac� °�Lt>"C tQT ��NI Pa�do�� `g0£�q� aT"F3 �C��unoJ ,Ia Rdo� pa�:��a� �e s� pa�t�B��'� u�s�CO P�auoa'I •ayd :'uo��ua��� :.zts .z�aQ asncg �ano� ao��Pn�T ����'J �uuaxay� no� •uoH EL6T `6z ��w REGI�TERED N0. � � / PU6TMARK OF / Special Value $ f Delivery $ Reg.Fee ; eturn � L Receipt J "'-^:, ." Handling Restricted `� � -� ` Charge � Delivery � � � ��:` �, s � Postage $ � I IL � .I C(,>�� :-, $ POSTMASTER(By) �A`� •. C � � �� • FROM . �-_.� ,•�o � ' ' o --------- -- --- ----- - —d ---� - -- ----- � , �5��.____ . �, .. 3d ' / � _ ��7� 3AVE THIS RECEIPT FOR REGISTERED MAIL � COVERAGE—Domestic insurance for registered mail is limited tn (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. Gonsult postmaster for additional details of insurance limits arKf coverage for domestic registered mail. fILING CLAIM---Claim must be filed'within 1 year from the date of mailing. Present this receipt and submit evidence of value,�ost of repairs, or cost of duplication. FOREIGN COUNTRIES--Consult postmaster as to insurance coverage on registered articles addressed to foreign countries. cvo u�o—�oe-sno PS Form 3s06,Oct.1970