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261742 . WH17E - CITV CLERK 1 PINK� � FINANCE COUI1C31. BLUi�R(,- MAYORTMENT GITY OF SAINT PALTL File NO. ��L�� - f �� C. ncil Resolution Presented By V v ` �/� Referred To Committee: Date Out of Committee By Date � 1 -/ �a _.�--- WHEREAS, the Council of the City of Saint Paul, by its Resolution, C.F. 261697, approved the 18th day of July, 1973, authorized the issuance and sale of obligations of the City of Saint Paul in the amount of $300,000.00 for the purpose of providing cash to meet the obligation of the City for the Social Service Programs which are part of the approved Ramsey County Welfare Board's budget, as approved by Council Resolutions, C.F. 261576 and C.F. 261652, and as bids were submitted, examined and tabulated by the Director of the Department of Finance and Management Services, and said Director made the recommendation to the Council that the bid of �e American �Ts.tional. Bank and Trust Co. was found to be the most advantageous; therefore be it RESOLVED, That the bid of The American National Bank and Trust Co. be and is hereby accepted, and the Mayor, Director of the Department of Finance and Management Services, and City Clerk be and are hereby authorized and directed to execute on behalf of the City of Saint Paul, Promissory Note for the sum of $300,000.00 to be paid by the City on the 30th day of January, 1975, with interest thereon from the date of July 30, 1973, at the rate of 5.087% per cent per annum (computed on the basis of a year of 365 days) ; and be it FURTHER RESOLVED� That for the purpose of providing for the payment of the principal and interest upon the $300,000.00 issued and sold hereby, when and as the same ma.ture, and for an additional direct tax in an amount not less tha.n five per cent (5%) in excess of the sum required to pa.y such principal and interest when the same ma.ture, 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 $300,000.00 promissory note, the following direct, annua.l, irrevocable taxes, to wit: COUNCILMEI�1 Requested by Department of: Yeas Nays Konopatzki In Favor C��" �� e�"I/1 G�S Levine Meredith Against BY �f�aa Roedler Tedesco Mme.President Butler Form Approved by it Attorne Adopted by Council: Date Certified Passed by Council Secretary BY By Approved by MaXor: Date Approved by Ma Submission to Council By BY WHI7E - CITY CLERK � COl1T1C11 /.Y 1��/ PINK - FINANCE CANARV* DEPARTMENT GITY OF SAINT PAZTL �� S�� BLUE� -MAYOR - F31@ NO. • r � Council Resolution �, Presented By ` Referred To Committee: Date Out of Committee By Date 2 . Tax Required by Cha.pter 475, Minn. Stats. , in exeess of Tax for Tax for Principal and Budget Year Principal Interest Interest Total Tax 1975 $300�000 $ 22,954.22 $ 16,147.71 $ 339,101.93 and be it FURTHER RESOLVED= Tha.t in the event the principa.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 reimbursement therefor sha.11 be made when said taxes shall ha.ve been re�eived; and be it FURTHER RESOLVEDs Tha.t there is hereby created a separate account in the common Sinking Fund of the City for said obligation, and that the taxes received for the payment 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, to- gether with full information regarding the obligations 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 has been made; and be it COUIVCILMEI�1 Requested by Department of: Yeas ��,�. Nays K�patzl�i .�_ In Favor Levine Meredith � Against BY � 8c�dler Tedesco Mme.President� �'t, Form Approved by City Attorney Adopted by Council: Date Certified Passed by Council Secretary BY By Approved by Maxor: Date Approved by Mayor for Submission to Council gy By WHITE — CITY CLERK COl1T1C11 ��Id 1}lM PINK — FINANCE GITY OF SAINT PALTL � CANARY�— DEPARTMENT BLUE� — MAYOR File NO. • �" � Council Resolution Presented By Referred To Committee: Date Out of Committee By Date 3. FURTHER RESOLVEDs That before the said obligations shall be delivered to the purchaser, the Director of the Department of Fina.nce and Ma.nagement Services shall obtain from the County Auditor and deliver to the purchaser a certificate of the County Auditor that the issue has been entered on his register and that a tax ha.s been levied as required by law, in accordance with the provisions of Cha.pter 475, Minnesota Statutes; and be it FINALLY RESOLVED, Tha.t such taxes sha.11 be collected 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 pa.ying the interest and principal of said obligations when. and as the same mature. COU[VCILMEN Requested by Department of: Yeas �1. Nays � a,�rlC � .N� ! �e f--✓�G� Konopatzki In Favor Levine Meredith ° Agairlst BY �a�m Raedllr Tedesco Mme.President� I�'i't J.UL 2 6 1973 Form Approved Ci Attor y Adopted by Council: Date Certif' sed by Co e BY By Approv MaX . Date Approved by Mayor for Submission to Council By BY vc�e�.i�HEO JUL 2 8 197� _'�.�. � �, ��g ..a1�,,. � �,_.. �. _� '.#�,f � ��ur .r 'iE{' � 'r �y,.''ql' � T�`�'"� �°' � �„ k ' 1 ,� w I �t i' N'�.�: � ! � 't z '{� �'�� '!-- F+?ft �y, ��. ,. � � � `�1' � r4 � C. ' - _ ��<�� . ��+` �~ ,� e" k w �t.� .RR J- '�r .'�� _ � r� � t,� �i . �i^� 'i��T_ �, �j. �� j�` y�, . a , F � � J 14 ��. ' . �"'a'. ! '�#�`'>� , e<' �'�' � . .. '�'• :+v� � f'� tF�M � � �. � � ;_z r #"�i . .��r� � �'�' . . �'a ��,� r. .� :�d� .,W, .� ..y� � f� ,�,, :{�R:' Fy ti � r� ,�:�;S' �� .�`�� R �!4��"",� -`1 ^fys.. � , ,, r t' :� ;� � � �rr:+ w�i�.� ,s�� ,�• ��i� � � � ". ■�i' : ,� . '�. . ` . .'c' , ,�ai1�. �,.. A�,. : t� ' . . 5 X, -� � b? �..� �,+�'' *..: +a 9'�� i c��, P, �. Z L 9:.. t ) +f F $ � aY<�: ��. �!L Y-.� �b.e� � � ��{�� E .l��l�IF �:°c. �.� ":-�' :.7 1 ke��, �� ,t„� '-.'}�}' '��.ti f `�� '�i � �� .� }. �.�� ..x � .. �.X„� i .� ��yy' s - � IC �� `.�} " 5��f��,L�d ,�.`.. w�. � � -.+7� �e. ,t � , d.•. ' •�..- �.�� 2, i-af �r. # .,��y'' � �4'�. t -' F .�� F.��+i r ._ y .-fi .. y..,. � . "�'- � ::E.. } i , e i�. �A t'`e �' e* �..Dk4 .�t�' y+y.,, �. . r�� . �4 ,� .� ; �, n .r.--�� r � t*. ,�i a r s�� . �'° ,�' . . � i:. �: , �t � � [. ; � ��i` � * '6 �� ,� ��:»� 'ti«�rt +� ;, �, � � . � .. • ,�uiy �6;� ?�,973�, s�� ,,��.�� :.�`r � ,��'.'�►��r},'�. �� u;. , �. � , _ . , ,.�.: ��r ��,»� �.�. t';�+'��,,�; � �'ric t.�� , . , � _ �T ti�, � � ��+i� s � .t , 1'; ► , p�� iA t �'-}� r -j '��~ � � � � -�� a. .. - . . . . �t�,.. ;t€_.� �4 •� R 3 -#�,� �� a. . � _ � . . - � . .�. � s =''_�.r �.v�`? ='i��.� ,y��' �; `�'�e��`.�., �?�''.S'-Y`~ ..�� . <<i « .r�� . ' ! J'� 4,, . . " . . . �� . . . - t k .+�`� ,�i'�r'"~�` tRs�''��'. , r �� . . :- " ,p�, �, y �. � F- g ��•��`� . �, i�'��,,' . �'Mr. Bobe�� T�T: �Tiudeau, Director _ . -��` �, '�� ,�� . . f y �/ �� c�T ,�' 'A:. � �4. �-; Department, of �Finance and Management Services • '� '��a , y: �� ' ;� �`y�= x'�� '� � �`, City�of S"sint Paul . ��-: �''`+�«� '�` a,.,�-..i, �� „ � ,�� ;t� r �� f'.' T: PiP. ,� 3, , < <.� �'. , �1b9�Cifiy'H��.1 ��- �l�� ;: - -:�: ,. �. ,�,��, �` � ,� �� ,K � , �'' . . Sa$nt Patil, Miunesota,.S5IO2 . ,y a- -., . � , '�.,' �,`'�; + '�` '� ' • ' �, a �'�. .� - rp�' �? � -� .� Dear Sir: . . . . � . �� _ � ^ >�`a'� �a , � . . : �` °:,�`«� �''� � r+�, ''^ � 1 In accordance with your letter dated July �9; 1973, requesting. �� : *��'_ �.•`�r :r'� . - : _,, ,. . ` ' .t �,�.-�� : -�. . bids for a borro�wing of $300,000 for the purpo�e of providing and $pptvgriatf �F �i"� - �F � :` , ' . �+�,. �:,, ��:_�'F �' ';. �` funds te_th,e Bamsey Couatp iielfare Board for social service programs; �te 'sub�i," � ` ;+�� ,;� �' ;{ .t .. - � f •'�' ,�;_�, �s . ,... ; - , �''�. our b id�a s fo l lows: - . -,- :'��''� ��'�,�'",�- .��, z. �; '�` �=. - _ ` � .�T ,-;,��: ,,�,�. - :�Y, !.. `�� .1 Principal . � •�. $ 300,000.00- _.. ,�,a.=„ ,,� �,.�,�'�i �' � �� 4 �.. l . .�' . _ `• .<� ... �t :Y-��,ti�z ; ;��.,� � . , ,,,, Interest rate �` O$? � ` .`' �; • > ;� ' t — — �s " ,� ,��: ��r' � � � ` � . � � � Interest due and payable for ' ° `a'"�' . �� - . 18 month period from July 30, 4 ' ::� _ � f � ,� �-, . : .;� :.: 1973 to January 30, 1975 $ �,� �,>�.Z�i , '� � �t:- �`` . ' Principal and interest payable January 30, 1975. , , �' � . - _ �� - ` If we are the successful bidder, we will be furnished witli'a .�-- certified copy of the council resolution acaardino the borrowing. ; . '= , . , . . . . ��''� :a- � a �i.. `•.. �. , ..-. , . � ` i�{ ; c. . .__ Ver trul �' <, . _ . . Y Y. 3rnurs� : �. American National Bank and Truat Co. . ll1�'�,✓ � , v�� t 4 � �? '.,�C . , . . ''. � 4 6,�p'. /�. : �'? . . . .. . . . . . � �.w� � p; •,� Y THE FIRST NATIONAL BANK OF SAINT PAUL ST, PAUL� MINNESOTA_ 5510t AREA CODE 612-291-5000 ..� '� �,''`- BANK BOND PORTFOLIO � EDWARD 8. CHAPIN, VICE PRE51DenT - - - - . . 612-291-9518 WILLIAp J. LATUSKY, BOND rowiFOL10 OFFICER - - 612-291•5320 July 26, 1973 ' Mr. Robert W, Trudeau, Director � Department of Finance and Management Services City of Saint Paul 109 Cit}- Hall Saint Paul, Minnesota 55102 � Dear Sir: ,, In accordance with your letter dated 3uly 19, 1973 requesting bids for a borrowing of $300, 000 for the purpose of providing and appropriating funds to the Ramsey County Welfare Board for social service programs, we submit our bid as follows: Principal $300, 000. 00 Inte re s t ra te 5. 9 0 % Interest due and payable for 18-month pe riod f rom July 3 0, 1973 to January 30, 1975 � 26, 622. 74 Principal and interest payable Januar}- 30, 1975. If we .are the successful bidder, we will be furnished with a certified copy of the council resolution awaxding the borrowing. Very truly yours, � _, - /� � %C_�f�, '�-'1- � Edward B. apin � Vice President EBC/edm � � � �� '� / �- , . FILEO ° Ju� �T 8 a7 AM '�3 CITY CLERK'S OFFiCE 5T PAUL�MINN, �TATE OF MINNESOTA CERTIFICATION AS TO TAX LEVY AND REGISTRY OF BONDS UPON COUNTY OF RAMSEY COUNTY AUDITOR' S BOND REGISTER I, the undersigned, being the duly qualified County Auditor of Ra.msey County, do hereby certify tha.t there was filed in my office on the 6th day of July, 1973, a certified copy of Council File No. 261742, adopted July 26, 1973, by the City Council of the City of Saint Paul, levying taxes for $300,000.00 obligation incurred for City' s sha.re of the 1973 Ramsey County Welfare Board' s Social Service Programs as the same fall due and to pay and dis- cha.rge the principal and interest thereof when due. It is further certified tha.t pursua.nt to Section 475.63, Minnesota Statutes Annotated, that said bond issue ha.s been entered and registered upon the County Auditor' s bond register File No. 783 and tha.t such tax f or the payment thereof has been levied as required by law. WITNESS, My hand and official seal this 26th day of Julv , 1973. COUNTY AUDITOR, COUNTY OF RAMSEY L u enn By: epu y Enter in B d Register L onard Olson � ,7uly 26, 1973 NL„ T_,ou P�IcKenna County Aur�.itar Building Dear Sir t ,?�ttention; l�ir. Leonard Olson Attached hereto is a certified capy of �z resolution� Council File No. 2617�+2, adopted by the City Council on Ju1.y �.'6, 1.973, levying taxes for the payment of $300,400.00 Promissorvr Note to mee�t the City's obligation f'or Socjal :�ervice Programs, as raore fli11y d�scribed in the reso].ution. In conformance with the terme of the reSolutic�n� we would appreciate yaur providing us with six ori�itxgl or duplicate orig3nal cert3.�icr�te� to the effeCt �hat you have entered the obligatiaie in the tax register �nd that �Ghe tax levy he.� been made. �'ery truly youre� City Clerk ng Attach.