02-46P..; � �� ` ✓ E C ;�, j d
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Presented By
CouncIl File # ��. — �O
Green Sheet #�� r '_?' C� 3
RESOLUTION
CIT'Y OF SAINT PAUL, MINNESOTA �
Referred To Committee: Date
GIVING PRELINIINARY APPROVAL TO THE
ISSUANCE OF BONDS
1 BE IT RESOLVED by the Council of the City of Saint Paul, Minnesota, that the Director,
2 Office of Financial Services, Treasurer and other appropriate City officials and staff are hereby
3 authorized and directed to proceed with preliminary acrions for the issuance of the following
4 bonds, in the following approximate amounts, with the Port Authority, in conjunction with
5 Springsted Incorporated as financial consultant and Briggs and Morgan, Professional
6 Association, as bond counsel, and in connection therewith to prepaze an official statement and
7 such other documents as may be necessary for further approval of this City Councii:
8
9 1. $19,000,000 General Obiigation Capital Improvement Bonds.
10 2. $1,900,000 General Obligation Street knprovement Special Assessment Bonds.
11 3. $5,000,000 General Obligation William's Hill Tas Increment Bonds (Port
12 Authority).
13 4. Such refundings and advance refundings as produce sufficient savings to justify
14 the issuance of refunding bonds.
15
16
17
18
Requested by the Office of:
FinanCial Sesvice5
BY: �/ ��
Form Approved by City Attorney
&y�/ �//`�� -�`
Maypr for
�+�t�� ���� �
I)
� �' '- - =��f!-i�" �,
By:
Adopted by Council: Date y� r�_ `(� ` 'a00'��
V `
Adoption Certified by Council Secretary
��-y�
antl Ma�ageme�R Services
%� I GREEN SHEET
No 113503
DATEINRIATED
ASSIGN
NUMBER WR
ftOUTiNG
orso�e
TOTAL # OF SIGNATURE PAGES
L�, �EPAF[IMENlDIRECTOR V `_��I 4I ��NCIL
� CT'ATfORNEY ] CrtYCLERK I
❑ FlNANLIALSERNCESDIR n FlWWCW.SERV/ACLTG I
�3 r�nYOa ❑ I
1 (CLIP ALL LOCATIONS FOR SIGNATURE) I
PrNiminary resdution gives fhe Ofice of Financial Services, Treasury Seclion, Ne auMOrity to initiate all riecessary action leatling lo fhe �ssuarice of
General Obligation Capifal ImprovemeM Bontls in Ne approximatC amount of $19,000,000, Ger�e21 Obligation Street Improvement Bonds in tlte approximate amount of $7,900,000,
:21 Obligation W�liam's Hill Taz I�zrement BoMS (POR AW iority) in ihe approximate amou�rt of $5,000,000 aM such refundirgs as to produce suffcieM savirgs to �ustify the issuance.
Of
PLANNING COMMISSION
q6 COMMITfEE
CIVIL SERVICE COMMISSION
INITIATING PROBLEM ISSUE, OPPORTUNITY (Who, Whffi, When, Where. Why)
PLEASE PLACE TNIS RESOLUTION ON THE COUNCIL AGENDA OF January 16, 2002.
PERSONAL SERVICE CONTRAGTS MUST ANSWER THE FOLLOWING QUESTIONS:
1. Has this persoNfrm ever worketl under a mntract for this tlepartmerK+
YES NO
2. Has this persoNfrm ever been a ciry employee?
YES NO
3. Dces this perso�rm possess a skill not normally possessed by any currerrt city employee�
YES NO
a. IS ihis persoNLrm a targetetl ve�or?
YES NO
of FinanCial service tles'ves to issue ihe following bond issues in the apprWnmate amourlts.
$79,000,000 General Obligatlon Capi[al Improvemern Bonds
$7,900,000 GeneralObligaGOnStreetlmprovemerrtSpecialASSessmeritBOnds
$5,000,000 General Obligation Wiliiam's Hill Tax IncremeM Bonds (Pwt AuNOrity)
My re5unding isssues thffi protluce savings suFficlent to juslify Me issuance.
IFAPPROVED
resoluhon is preliminary as R only author¢es sfa(f to begin this bond sale p�ocess. A detailetl bontl sale resoluhon calling for Ihe sale is plannetl to be presemetl
: full CAUncil on Febnlary 27, 2002
IF APPROVED
IF NOT APPROVED
preliminary resdution, the sfaff vroultl not be autlwr¢ed to in@(ate necessary acfion leadin9 to this bond sale.
TRIWSACTION
alli'l�:UJ1
ACTIVITY NUMBER
YES
. 2?"!;� C�'rs��s
PREGRSHT.xIs.WK4 �-'"'�; z� � �QS9�
COST/REVENUE BUDGEfEO (GIRGLE ONE)
NO
112/2002
P..; � �� ` ✓ E C ;�, j d
{�\ 4{�� (�}�
"a� 1 i: �✓ i i� P : L�
Presented By
CouncIl File # ��. — �O
Green Sheet #�� r '_?' C� 3
RESOLUTION
CIT'Y OF SAINT PAUL, MINNESOTA �
Referred To Committee: Date
GIVING PRELINIINARY APPROVAL TO THE
ISSUANCE OF BONDS
1 BE IT RESOLVED by the Council of the City of Saint Paul, Minnesota, that the Director,
2 Office of Financial Services, Treasurer and other appropriate City officials and staff are hereby
3 authorized and directed to proceed with preliminary acrions for the issuance of the following
4 bonds, in the following approximate amounts, with the Port Authority, in conjunction with
5 Springsted Incorporated as financial consultant and Briggs and Morgan, Professional
6 Association, as bond counsel, and in connection therewith to prepaze an official statement and
7 such other documents as may be necessary for further approval of this City Councii:
8
9 1. $19,000,000 General Obiigation Capital Improvement Bonds.
10 2. $1,900,000 General Obligation Street knprovement Special Assessment Bonds.
11 3. $5,000,000 General Obligation William's Hill Tas Increment Bonds (Port
12 Authority).
13 4. Such refundings and advance refundings as produce sufficient savings to justify
14 the issuance of refunding bonds.
15
16
17
18
Requested by the Office of:
FinanCial Sesvice5
BY: �/ ��
Form Approved by City Attorney
&y�/ �//`�� -�`
Maypr for
�+�t�� ���� �
I)
� �' '- - =��f!-i�" �,
By:
Adopted by Council: Date y� r�_ `(� ` 'a00'��
V `
Adoption Certified by Council Secretary
��-y�
antl Ma�ageme�R Services
%� I GREEN SHEET
No 113503
DATEINRIATED
ASSIGN
NUMBER WR
ftOUTiNG
orso�e
TOTAL # OF SIGNATURE PAGES
L�, �EPAF[IMENlDIRECTOR V `_��I 4I ��NCIL
� CT'ATfORNEY ] CrtYCLERK I
❑ FlNANLIALSERNCESDIR n FlWWCW.SERV/ACLTG I
�3 r�nYOa ❑ I
1 (CLIP ALL LOCATIONS FOR SIGNATURE) I
PrNiminary resdution gives fhe Ofice of Financial Services, Treasury Seclion, Ne auMOrity to initiate all riecessary action leatling lo fhe �ssuarice of
General Obligation Capifal ImprovemeM Bontls in Ne approximatC amount of $19,000,000, Ger�e21 Obligation Street Improvement Bonds in tlte approximate amount of $7,900,000,
:21 Obligation W�liam's Hill Taz I�zrement BoMS (POR AW iority) in ihe approximate amou�rt of $5,000,000 aM such refundirgs as to produce suffcieM savirgs to �ustify the issuance.
Of
PLANNING COMMISSION
q6 COMMITfEE
CIVIL SERVICE COMMISSION
INITIATING PROBLEM ISSUE, OPPORTUNITY (Who, Whffi, When, Where. Why)
PLEASE PLACE TNIS RESOLUTION ON THE COUNCIL AGENDA OF January 16, 2002.
PERSONAL SERVICE CONTRAGTS MUST ANSWER THE FOLLOWING QUESTIONS:
1. Has this persoNfrm ever worketl under a mntract for this tlepartmerK+
YES NO
2. Has this persoNfrm ever been a ciry employee?
YES NO
3. Dces this perso�rm possess a skill not normally possessed by any currerrt city employee�
YES NO
a. IS ihis persoNLrm a targetetl ve�or?
YES NO
of FinanCial service tles'ves to issue ihe following bond issues in the apprWnmate amourlts.
$79,000,000 General Obligatlon Capi[al Improvemern Bonds
$7,900,000 GeneralObligaGOnStreetlmprovemerrtSpecialASSessmeritBOnds
$5,000,000 General Obligation Wiliiam's Hill Tax IncremeM Bonds (Pwt AuNOrity)
My re5unding isssues thffi protluce savings suFficlent to juslify Me issuance.
IFAPPROVED
resoluhon is preliminary as R only author¢es sfa(f to begin this bond sale p�ocess. A detailetl bontl sale resoluhon calling for Ihe sale is plannetl to be presemetl
: full CAUncil on Febnlary 27, 2002
IF APPROVED
IF NOT APPROVED
preliminary resdution, the sfaff vroultl not be autlwr¢ed to in@(ate necessary acfion leadin9 to this bond sale.
TRIWSACTION
alli'l�:UJ1
ACTIVITY NUMBER
YES
. 2?"!;� C�'rs��s
PREGRSHT.xIs.WK4 �-'"'�; z� � �QS9�
COST/REVENUE BUDGEfEO (GIRGLE ONE)
NO
112/2002