262480 WHI7E .>- GTY CLERK 2624��
PINK - FINANCE GITY OF SAINT PAUL Council
^ ARY - QEPARTMENT
�E - MAYOR File NO.
`' uncil Resolution
l� ' .
Presented By �
Referred To Committee: Date
Out of Committee By Date
WHEREAS� Chapter 705 of Laws of Minnesota for 1965 provides
for the conversion of Special School District No. 2 to Independent
School District No. 625; and
WHEREAS� The Saint Paul Teachers' Retirement Fund Association
ha.s established its budget for 1974 in the sum of $4,950,547.00;
and
WHEREAS� Said Statute requires the Council of the City of
Saint Paul to certify a tax levy for the support of the Saint Paul
Teachers' Retirement Fund Association; and
WHEREAS� Said Saint Pau1 Teachers' Retirement Fund t�ssociation
certifies that funds have been received from the State Auditor,
pursuant to Chapter 32, La.ws of Minnesota for 1967, Extra Session,
as amended by Cha.pter 485, Section 38 Subdivision 3, La.ws of
Minnesota for 1969, in the amount of �3,308, 757.00; and
WHEREAS� There i� in the trust account the sum of $15�056.58
received from the Detention Authority for its sha.re of the pension
costs of the Teachers of School District No. 625� teaching at the
Detention Authority facilities in the School District; and
WHEREAS� The School District has received funds from the
Federal Government as its cost of pensions for teachers working
under Federal Programs in the amount of $109,969.51; and
WHEREAS� There is available the sum of $50,000.00 in the
Fund Ba.lance of the trust account for the Saint Paul Teachers'
Retirement Fund, now, therefore, be it
RESOLVED, By the Council of the City of Saint Paul, tha.t it
hereby approves the budget as submitted b� the Saint Paul Teachers'
COUNCILMEIV
Yeas Nays Requested by Department of:
Hunt City Administrator
Konopatzki [n Favor
Levine
Meredith Against By Frank D Marzitelli
Sprafka
Tedesco
Mme.President Butler
Form Approved by it Attorn y
Adopted by Council: Date
Certified Passed by Council Secretary BY
By
Approved by MaXor: Date Approv y r ubmission to Council
By BY
WHITE /L CITY CLERK COIlIIClI 262480
PINK - FINANCE �T
Q�yARY -9EPARTMENT GITY OF SAINT PA V L �
BLUE - MAVOR File NO.
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
2 .
Retirement Fund Association for the year 1974 in the amount of
$4,950,547 .00 from which $3,308,757 .00, $15,056.58, $109,969.51,
and $50,000.00 are hereby deducted, leaving a balance of
$1,466, 763.91, and there is hereby levied a tax in the amount of
$1,466,763.91, together with an additiona.l one percent estimated
tax shrinka.ge in the amount of $14,668.00, or a total tax levy in
the sum of $1,481,431.91; and be it
FURTHER RESOLVED, Tha.t in accordance with La.ws of Minnesota,
this levy is certified with the understanding that portions there-
of wi 11 be f ina.nced by rebate s f rom the State of Minne s ota f rom
other taxes imposed by law as a replacement of sums which would
otherwise be levied against real and persona.l property; and be it
FURTHER RESOLVED, Tha.t the County Auditor is hereby requested
to spread such tax levy as a separate item in its tax rate and to
report the same as a separate item in each tax settlement to the
City of Saint Paul; and be it
FURTHER RESOLVED! Tha.t the Fina.nce Department - Accounting
Division of the City of Saint Paul is hereby directed to credit all
tax settlements and cha.rge all payments to said Association in the
Trust Fund established for the Teachers' Retirement Fund Association
Levy; and be it
FINALLY RESOLVED, Tha.t the Council hereby directs the City
C1erk to forthwith certify this tax levy resolution to the County
Auditor of Ramsey County and a copy of the same to Independent
School District No. 625 and to �]�„�S,a,i,� Paul Teachex���ement /� i �
Fund Association. rrKUVtU Roger l� Mettso�
Frank D. hlarzitelli
Cit Budget '
CQUNCILMEN B
Yeas Butler Nays
� Ci dministrator
Konopatzki In Favor
Levine
Meredith `J Against By Frank D. Marzitelli
�c 8oedler
�•.. _
Mme.President � j�t
Adopted by Council: Date
NOd s �9'� Form Approved City Attor y
Certifi Pa sed by Council S ary BY
By
Appr by Ma Date Approved by Mayor for Submission to Counl�iL__
gy By
: PususHEn NOV 17 1973
ti�
2�
?Vover,�ber �, 1973
��t. Paul Teach�rs' Retirement Fund Associatian
�4�°. Lyle T. I{'armer, Secretaxy-Trea.�urer
`>'7� G:a.basha �t. , Room 303
:>t. �'aul, hiinnesota
Dear Sir:
Transmitted herew3.th :�or yqur int.'ormation i.s a certified cc�py of
�'.r. T�'o. 2.6?����,t?, ��pr�vi,n� t�xe 19?4 �3ud�;et af the �t. Faul Ter�eh�.rs'
::eti.rernent F"�.ind �.�soci�.tion anc� c�rtiiy�ing a tax levy �`Qr 1.�7Z�.
Yours very truly�,
CS.ty Clerk
��
�ttach.
��
�
lvovcr.ibe-r 9x 1���;
Inde�aen�.ent ;3chc�Ul ll�strict No. 62g
�30 �;o.1"raorr�e �;t.
�"C. _'�i.lt�.y i'�.T1TlE:8o'�a
l z G�Xl�a.+�ril E.'Tl 2
`.i'r�.nsm3.tted herewi�h for your �.tzformmtion a.� a certified copy oi
C.�+'. Nc�. 262�+80, appro�rin� the 2974 Budget of the ut. I'aul �'e�cher�'
=tetirement �'�and ,��ssc�c�.ation anc� certifying rz taac levy for� 1,�����
Yc�urs very truly,
City �lerk
��
�'�ttach.
��b
'1�
P1'csveMber �, 1.973
;�Tr. Lc�u ^�2c��;.enna, Direc�or
T�e�t. c�f rroperty Tax�tion
=;�.orn l�?, City HaYl
�t. Pau1, M�nnesotr�
Dear Sir:
Trangmitted her�w3.th for yotxr informa.tion �.s a cer.ti�'ied cca��y of
C.�'. T^1c�. �?�2�+�0, aPProving the 1n7� �ud�et af t�ae ��. �'au1. T�achers'
rzeti.rement l'+�and Assoc:iation and cer.ti�'yin� a tax levy for '�7tF.
Yotzrs very truZ�ra
Ci.ty Clerk
.j�
Attach.