260311 WHI7E - CITY CLERK � .� i COUI1C11 . �is�4�„1�
PINK - FINANCE
BLUERY - MAYORTMENT GITY OF SAINT PALTL File NO.
. Council Resolution
� . �?
,
Presented By � '
Referred To Committee: Date
,
Out of Committee By `� Date
WHEREAS, The Council did by Resolution No. 260138 approved November 15, 1972,
authorize t�i� issuance and sale of $3,000,000 Urban Renewal Bonds, Series 1972-H,
to be dated December 1, 1972, and as the proper city officers hsve fully caused the
said bonds to be advertised for sale and said advertisement required sealed bids to
be submitted on December 13, 1972, and as the bids were submitted and opened, examined
and tabulated by the Director of Finance and Management Services, andMsaid Director of
Finance and Management Services made the recommendation to the Cpuncil that the (joint)
�
bid of
Halsey, Stuart & Co. Inc., cluPont, Glore Forgan, Inc. , Joint Managers,
and associates
was found to be the most advantageous, therefore be it `
RESOLVED, That the (joint) bid of Halsey, Stuart & Co. Inc. , duPont, Glore
Forgan, Inc., Joint Managers, and associates
be accepted and said bonds awarded at a price, namely, par and accrued interest with
coupon rates as follows:
1975 through 1986 - 4.50%
1987 through 1996 - 4.90%
1997 through 2002 - 5.00%
and a premium of $ 6,660.00 ; be it
FURTHER RESOLVED, That the Council hereby ratifies and approves each and every
act of ,the Sinking Fund Committee in connection with the sale of the said bonds.
COUNCILMEN
Yeas Nays Requested by Department of:
Hunt �f Fina�ce and Management Services
Konopatzki � In Favor
Levine
Meredith �_ A ainst By Robert W. Trudeau, Acting Head
Sprafka , g by: Barbara Asbury
Tedesco
Mme.President Butler ::
O�C ,1 3. ��7� Form Approved by y torney
Adopted by Council: Date
Cer i ied sed by Co il tary BY
By
Approve or: Date Approved by Mayor for Submission to Council
By gy j y���.,�,�-y��^�� �
PUBLiSHED DEC 16 �g72
CITY OF SAINT tAUL, MINNESOTA
PROPOSAL FOR i'HE PURCHASE OF $3,000,000
° • URBAN RENEWAL BONI7S, SERIES 1972-H
December 13, 1972
Director
Department of Finance and Management Services
Accounting Division
109 City Hall
Saint Paul, Minnesota 55102
Dear Sir:
For $3,000,000 Urban Renewal Bonds, Series 1972-H, dated December 1, 1972, in the
denomination of $5,000 each, as described in Notice of Bond Sale issued by your of£ice under
date of December 2, 1972, which is made a part of this proposal, the undersigned will pay
par, plus accrued interest to date of delivery, plus a premium of $ ,
for all or none of said issue bearing interest at the coupon rate or rates stated as follows:
19 thru 19 %
19 thru 19 %
19 thru 20 %
This proposal is subject to all of the terms and conditions contained in said Notice
of Sale, and the undersigned, if the successful bidder, will comply with all of the provisions
and wiil accept delivery of said bonds in the City of
at our expense.
A cashier's or certified check in the amount of $ accompanies
this proposal as evidence of good faith. Said check is to be retained as partial payment for
the total price named herein if we are awarded the bonds, or returned as specified in the
Notice of Sale.
This proposal is subject to our being furnished, without cost to us, at the time of
delivery of the bonds, with the unqualified legal opinion of Wood Dawson Love & Sabatine,
Attorneys, New York City, New York, approving the validity of the issue.
ACCOUNT MEMBERS: Very truly yours,
By
Account Manager
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T'his proposal is hereby accepted on behalf of the City of Saint Paul, Minnesota, this
day of , 1972.
By:
Director, Department of Finance and
Management Services
Return of bid check is hereby acknowledged.
by
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Each bidder is requested to supply the following for information only and not as a part of the
foregoing bid:
NET INTEREST COST: $ NET EFFECTIVE RATE OF INTEREST: %
CITY OF SAINT PAUL, MINNESOTA
PROPOSAL FOR i'HE PURCHASE OF $3,000,000
- - URBAN RENEWAL BONT3S, SFRIES 1972-H
December 13, 1972
Director
Department of Finance and Management Services
Accounting Division
109 City Hall
Saint Paul, Minnesota 55102
Dear Sir:
For $3,000,000 Urban Renewal Bonds, Series 1972-H, dated December 1, 1972, in the
denomination of $5,000 each, as described in Notice of Bond Sale issued by your of£ice under
date of December 2, 1972, which is made a part of this proposal, the undersigned will pay
par, plus accrued interest t� date of delivery, plus a premium of $ ,
for all or none of said issue bearing interest at the coupon rate or rates stated as follows:
19 thru 19 %
19 thru 19 %
19 thru 20 %
This proposal is subject to all of the terms and conditions contained in said Notice
of Sale, and the undersigned, if the successful bidder, will comply with all of the provisions
and will accept delivery of said bonds in the City of
at our expense.
A cashier's or certified check in the amount of $ accompanies
this proposal as evidence of good taith. Said check is to be retained as partial payment for
the total price named herein if we are awarded the bonds, or rerurned as specified in the
Notice of Sale.
This proposal is subject to our being furnished, without cost to us, at the time of
delivery of the bonds, with the unqualified legal opinion of Wood Dawson Love & Sabatine,
Attorneys, New York City, New York, approving the validity of the issue.
ACCOUNT MEMBERS: Very truly yours,
By
Account Manager
----------------------------------------------------------------------------------------------
This proposal is hereby accepted on behalf of the City of Saint Paul, Minnesota, this
day of , 1972.
sy:
Director, Department of Finance and
Management Services
Return of bid check is hereby acknowledged.
by
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Each bidder is requested to supply the following for information only and not as a part of the
foregoing bid:
NET INTEREST COST: $ NET EFFECTIVE RATE OF INTEREST: %