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257186 OIjjOINAL TO CITY CL[RK � � n� ..y .,� . CITY OF ST. PAUL FOENCIL NO. '�'�� '�. � - _� OFFICE OF THE CITY CLERK ' � ''� COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY COMMISSIONE DATF WHEREAS� Board File No. 6792 of Independent School District No. 625 (eopy of which is attaehed hereto and made a part hereof) authorized and directed the proper Di�trict officials to enter into a contraet with Springsted, Incorporated, Fiscal Consultants ; and WHEREAS, the services to be performed by said eonsultant encompass substantially all the serviees previously provided the School District by the City Comptroller; and WHEREAS, Section 1, Subdivision 3 of Chapter 705 , Laws of Minnesota for 1965 reads as follows : "The converted district shall contract with the Gity of Saint Paul �or such facilities as are �ur- nished by the civil service bureau� and unless the board and city governing body each adopt a resolu- tion declaring that a particular function would be most efficiently and effectively handled separately� the board shall contract on a pro rata eost basis with the city for such facilities and serviees as ar� provided by the purchasing departm�nt, comptroller, legal department and election and other services supplied by the city. " and WHEREAS, it is the opinion of the City Comptro]]er that , un.der present arrangements, authority in developing the program is not his and, therefore, he should be relieved of the responsi- bility, now, therefore , be it RESOLVED� That the Council of the City of Saint Paul, concurring with the reoommendations of the Com�ptroller, hereby finds and determines that the functions performed by the Comptroller relating to bond sales may be more efficiently and COUNCILMEN FORM APPROVED: Adopted by the Counci� 19— . Yeas Nay � � Butler o,�__�� ii�� Asst. Corporation Co nsei Approve� 19— Carlson Levine _�n Favor Meredith � Sprafka Mayor A gainst Tedesco Mr. President, McCarty � ORJ�INAL TO CITY CLERK . /`,��g� .,.• , • CITY OF ST. PAUL couNCa ""' ` � OFFICE OF THE CITY CLERK �� NO. ' ' r� • COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY COMMISSIONER DATF Page 2. effectively handled separately by the Independent School District No . 625, and said Council hereby requests the Board of Education of Independent School District No. 625 to eoncur in this aetion of the City Council, as require d by Chap ter 705, Laws of Minnesota for i965; and be it FURTHER RESOLVED, That a certified copy of this Resolu- tion be transmitted forthwith to Independent School District No: 625. ,lAN 2 519T2 COUNCILMEN Adopted by the Council 19_ Yeas Nays Butler JAN � 5 �� .i,�l��-�- A d 19— Levine n Favor Meredith � Sprafka Mayor A gainst Tedesco Mr. Preaident, McCarty . �BL,ISHEG J ` � �97� � . � � ` ^ . �t�d ,� . , . � �V`� � �oar.cl of Lducation It'feeting -° ].0/5/71 ° P. 10 VI� ° SUPER�N`T:�:�i�E_NT'S REP(}RTS (continued) 1 ° C:o:n.tract, with Bond:i.ng Con�ul tant -� B.F. No. 6792 14Ir. Lackne.r saicl he had again intErvi.ewed the three firms which p�ovide services for a �:isca.l cons�3.�tant for bonding purposes. He r�pori;�d that tlle sErvices ar� cr�mparable i��ut the charges do vary somewhat. �?e .recom� mended t:hat Sp.rir�gsted, Inc,, be hired as the bonding consultani:. '1`he charge� �v��u?d bE as fr_�ZoSNS: For the $7.8 mi7.�.ion Tax Anticipat.i.r>n Cer- tificat;e�, thE:y p��po�,e a char.•ge �f $5,625 based on a 50�o discou,��t from �;h.ei.r regu�.ax° fe� si;hedul.e a� t;h7.s issue is not dependent upa�n v��ter approval; for the 2 of 1% bonds, the charge would be $4,725, with a 50% disc�unt, a7.so not dependeixt upon voter approval; or, a total. for �.k�ese i;a�o ePri:ain i.t.�ms of $1.0,350. The fea for a major bond i.ssu� ��uld b� on a c�nti.ngent basis, based on the fee schedule, and fc�r a �30 mi1.:L3.c�n do"1?ar bond issue, th.e charge would be $10,125. The fee s�lze�9�x1.e indi.caf;t=s t:hat the amount; should �e $11.,250 unless it were the sr-:cond �.ssue c3urir.g t:he year. 7:'his would aZways b� the case because of � t:he issaance �,f. the 2 of l.o bonds. Z'here would be a $2,000 sav:i.nbs of ��cpE:nses �usual3,y hand�.E�d Uy t:he schorsl. dis�;rict which wouZd be assurned by the bonding cc�n.sultant such as printing of bon.ds, advertising, and p.reparati�n of the prospectus . The services which the bonding consul.- t;ant �+csu3_d provid� are as f.o�.lows: �inancial. Placar_ing . � e F��t�g Terrn Capatal. :�mprovement S�;udy . Out:stan.ding �r�cbtedn.ess . �'rel�.miaxary per�c��al inte�view with r.ati�ag agencies . �'it�aa�cing Study and Analytical Report to rating agencies Bond Offe_ri??.g� �.� Wh�� t�.�? se�1 . Fi�?�1 mU�.�l? t;� se::�1. . �Yhat are �,��cal mark�t conditi�rn.s . R.FC��:t and n�ar futur-e sa�.es by other cummunities . Mark�t: F��recast . .B�nd ��?.E er:L�;rY . ��enomic C'onditY ons . 'i�pe of Mat:urity af Bc�nd Payoff Schedule . Yr�payment Prgvileges . , I��nd Pr.�osp�ctus . Publicati�n of sale notice as required by law and other appro- priate fir_ancial publi.cations . Af:t:end b�r.d sale and recommend as to acceptabi"lity of bid . Ui.rect and supervise bond printing and delivery . Reia�vestme:tt analysss . B�nd and i�aterest r�ecord and sale summary Mr. , LacknFr p:re�-�:iit:ed a rec��.ution to apprave the appoi.ntment of Spri.ng:�t;ed y 3�rc: o , a� t.he Rond.i.ng C�tin�4l iar�t for th� ;che.z�?1 d:�s tric t. . 1 � � , ' ' Board of Education Meeting -� 10/5/71 - P. 11 1 - Bondin�; Consultant - B.F. No. 6792 - Cont'd There was a brief. discussion in regard to whether or not the figur.es were less than the r�nes previously r.eported and the number of other districts in the stai;e which use the services of this �ix1n. Because of Board procedure, that any resolution presen.ted at a meeting which was not in the prepared agenda must be voted upon at a subsequent meeting uixless the procedure is waived by unan.imous consen�t of Board mem° bers present, the following moti.on was made: MOTION - n4r. Lov,�e moved that the Board waive its rules �;o allo�� .>ubmission of the res�lutian. Mction seconded by h'Ir. Rarsten and carried, tivit.h the ro11 call v�t:e as follows: Dr. .Ber.ry - Yes Mr. Guthmann - Yes Mr. Barrette - Yes Mr. Karsten - Yes Mr. Latimer - Yes � Mr. Lowe - Yes _ Mrs . Mi tau - Yes MOTION ° Upon motion by Mr. Guthmann, seconded by Dr. Berry and carried, the follo�ving resoluti.on was adopted, with the roll call vote as foll.ows: Dr. Berry - Yes Mr. Guthmann - Yes Mr. Barrette - Yes Mr. Karsten - Yes Mr. Latimer ° Yes Mr. Lowe - Yes r4rs . Mi tau - Yes BE IT R.�SOLVEA, by the Board of Independent School District No. 625, that it herewith authorizes and directs the proper District officials to enter in1;o a contract with Springsted , Incorporated, Fiscal Consultants; and, BE IT FURTHER RESOLVED, that the charges for such services �e according to the attached fee schedule. Mr. Guthmann asked that the administration be prepared to demonstrate to the Board, at the time of renewal of the contract, that this company has provided sufficient savings to pay its own way. / Over / ORIOtNAL TO CITY CL[RK �5��_�� , CITY OF ST. PAUL COENCIL NO � � OFFICE OF THE CITY CLERK ' . COUNCIL RESOLUTION—GENERAL FORM •PRESENTED BT' COMMISSIONEQ DAT� WHEREAS3 Board File No. 6792 of Independent School District No. 625 (copy of which is attached hereto and made a part hereof) authorized and direeted the proper District officials to enter into a contraet with Springsted, Ineorporated, . . �Fiscal Consultants;. anc� : . . . . . , . . WHEREAS, the services to be performed by said consultant eneompass substantially all the serviees previously provided the School District by the City Comptroller; and WHEREAS,. .Sectio�n 1, . Subdivisi.on 3 of Chapter. 705,, La�ts. . , . , � � � of� Mirinesota for `1g65 � reads 'as follows : � ' ' ' � � � • ' � � � "The converted district shall eontract with the Gity of Saint Paul for such facilities as are fur- nished by the civil service bureau, and unless the board and city governing body each adopt a resolu- tion declaring th at a particular function would be most efficiently and effectively handled separately, the board shall contract on a pro rata cost basis with the city for such faeilities and services as are provided by the purchasing department, comptroller, legal department and election and other serviees supplied by the city. " and WHEREAS, it is the opinion of the City Comptro]]er that , under present arrangements, authority in developing the program is not his and, therefore� he should be relieved of the responsi- bility, now, therefore�, be it RESOLVED� That the Couneil of the City of Saint Paul , concurring with the reeommendations of the Comptroller, hereby fin.ds and determines that the functions performed by the Comptroller relating to bond sales may be more efficiently and COUNCILMEN FORM APPROVED: Adopted by the Counci� 19— Yeas Nays � _ ` �_ • Butler ' �'. , .__ , �..,_: -,�: Carlson �t. Corporation Counsei _ Approve� 19_ Levine _ Tn Favor Meredith Sprafka Mayor A gainst Tedesco Mr. President, McCarty '47_,_;;;y�C7 ' ORIGINAL TO CITY CLERK 6��C� '�,f� /'�k 1 -� GRTI` C;� ST. P,�l�� COUNCIL /� �.,<� G `�'.� � OFFl�E C?F TNE CITY ��.ERK FILE Nv. � • , CQUNC!L C�ESO�l.lTlUI�---GE�!�t�,�. FOR�1 PRESEt4TED BY COMMISSIONER _ -_DAT� - Page 2. effective]_y handled separ�.tely by the Independent School Distr. i.ct No . 625 , and sai�l Council hereby requ�;s�ts the I�o��,rd of_ Education of Independer��L Sehool Districi; No. 625 to eoncur i_n. thi s action of the City Council , as require d b`y Chapter 705 , Laws ol Mi.ni�eso�a f'or 1967 ; a.nd be i.t FURTIIER R�SOLV�D� That a cel�tii'iecl copy of this Resolu- �;:ion k!e transmit�t;ed for�Lhwith to Independent 5chool Distriet , . N�.. 625 ., _. . . . . ..: . .,,: .. . .�AN 2 5 197?' COUNCILMEN Adopted by the Council 19� Yeaa Nays Butler .�AN a 5 �9�2 r.._'��:_ �`�L Approved 19_ Levine ,__jn Favor Meredith Sprafka Mayor A gainst Tedesco Mr. President, McCarty ,. �J oV�"�,�,��,� �5"718�� , � CITY OF ST. PAUL H�UNqI NO. OFFICE OF THE CITIf CLERK ' ' COUNCiI RESOLUTION—GENERAL FORM PRESENTED!Y COMMISSIONE� y� - --�� t�SEBT�osrd F12e lto. 6?9$ oi Iadspsadsnt 3ohool Distriot No. 6Q (oopy oi prhioh is attsoh�d h�reta aad �ade a part hereoi) a�thori�ed and direotsd the propsr Di�triot ofiioials to enter into s oontraot �rith Spris��t�d, Inoorporatsd, Fisoal Coasnitsnts; aad WHEREAS, tbe �ervfceo to be p�riorved by said cdn�ultsnt �neospaes substantially all the •ervio�s prs�la►usly pro'ided he Sehool Distriot by the City Co�ptraller; and X$EBEA�� Seotion t, 3ubdivi�icrn 3 of Chapter ?05, Lavs o� Minn��ota tor 1965 r�adr as tolloMSs "Tbe ooa�erted distriot shall oontraot rith tl� City ot Saist Paul ior •uoh iaoilities a� are itzr- ni.hed by the oivil �er�ioe bur�an, m8 unle�• ths board sad oity �ovsrnia� body eaoh sdopt a resolu- tlon deolarin6 that a p�►►rtioular rnnotion Mould be ao.t ei�iolently and eiieotively handled •eparatelr, ths board sh�ll oontraot on a pro rats oost basis Nith the oity ior suoh isoilitie� and •er�ioe• as are provided by the puroha�in6 depastAent, oo�ptroiler� ls�al depart�ent and elsetion and otl�er �er�ioes supplied by the oity." and wHEAEAB, it is ths opinion o! �the City Co�p�re�ller thst , w�der present srran�s�ente� suthority in deoelopi»� th� pro6raa is not hi� and, thereiore, he stiould b� relisvsd oi ttie respon�i- bility, noM, thereiore, b• it BESOLYI�D, That the Counoil o� the City oi Saiat Paul, oonourring Mith the resois�idation� oi th• Cooptrollsr, hereby iinds and detersin�a tha t �he iunotion� perior�ed by tbs Co�ptrollsr relating to '.,:bp�d:_ .�a�..e��' �� : b�e�<<�� r$.,,-:, sifioisntly and COUNCILMEN Adopted by the Council 19 Yeas Nays \ Butler Carlson Approv� 19_ �°�e Tn Favor Meredith Yayor Sp�a 4g��'�t Tedesco Mr. President, MeCarty . � a�� o��,�,n:rR,� �5 7186 • CITY OF ST. PAUL �,r�� NO OFFICE OF THE CITY CLERK ' " - COUNCIL RESOLUTION—GENERAL FORM n�d,rr�nr COMIdISSIONRR DA� Pa�s 2. eiieotively handled separately by the Indspendeat 3ohool Dietriot No. 625� and oaid Counoil hersby requert� tlu Board o! Eduoa►�ion o! Inaependsnt Sohool Diotriot No. 6ft� to ooa�our in this aotioa oi the City Counoil, ae require d by Chap ter 70s, Laws� oi Minnesota !or i96�; and be it FIIST�B RE3OLVED, That a certiiied eopq of thi• Aa�olu- tion be tranasitted torthMith �o Indep�ndant Sohool Di�triot No. 62�. � 3A�12 519�2 COUNCILMEN Adopted by the Co».nci� 19_ Yeas Nays Butler ' ,A N a 5 �� -�, Appm� 19_ Levine Favor Meredith Sprafka � ��r Aem�inat Tedesco Mr. Preaident, McCarty � �� January 25, 1972 :�nde�endent Schcaol Dist.rict 625, Lincoln School, 51.1 Col.lina St. , S 1i w ��Yi' 1•11.��• Gr*ntle�i�.: Atts�ck�ed fpr your, 5.n�o�rt�.t�on �.s a r.c?rtifi�d ^op`,,► o�' a r�so�.ution of thc� Saint ]Paul City �a��cil, C. Y�. 25718�i, cc�rxcvsYrin� in tlu recoom�end�a.tion� of the C�.ty Connptrolla�r, and deter�nining �hat tMe flinctiong perf'ormed by the Como�troller r�lating to band e�.3.es may be more �fFi:�ien�tly snd e�ff'ectively hanr,�e�. �separatel� by In�lependent School Distxi�t 625. Very tr�il.y Your�, City Clark AO/hp