256775 n �
ORIGINAL TO CITY CL6RK �� � �"^
CITY OF ST. PAUL COENCIL NO ~� ���c�
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONE ATF
WHEREAS, Laws of Minnesota for 1971, Extra Session� Chapter
31, makes substantial ehanges in the payments of property tax
relief and aids to the munieipality; and
Wf�REAS� among these revisions is the change in the dates
of payments of the Homestead Credit; and
WHEREAS, Laws 1971, Extra Session, Chapter 48, Section
47, makes provision for borrowing in an.ticipation of the payments
of these funds,
Now, Therefore , be it
RESOLVED� that the Sinking Fund Committee of the City of
Saint Paul� acting through its secretary� is hereby authorized
to proceed with the proper arrangements to borrow a sum not to
exceed �1, 091, 000.00, said note to be dated December 28, 1g�1,
to mature on March 23, 1972; be it
FURTHE R RESOLVED, that sealed bids for the above note shall
be received in the office of- the Comptroller on Tuesday, December
28 , 19'71, up to 10:00 A.M. , Central Standard Time, said note to
bear interest at a single rate� not to exceed seven perc�nt (7�fO) �
said note to be signed by the Mayor and Comptroller and delivery
to be made on the same date, the City reserving the right to
reject any and all bids.
FaRM APPROVED:
' �
p� Corporation Counse�
OEC 1 ? 1�71
COUNCILMEN Adopted by the Council 19—
Yeas Nays
Batler Ap 0 E C 17 19 71 19—
(� Conway
Levine
n Favor
Meredith
Sprafka � r
� A gainst
Mr. President, McCarty QEC `� 4 ����
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ou���cwn ro Mett�ae
� CITY OF ST. PAUL �Np� NO
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION--GENERAL FORM
n���u er
COMMISSIONER DA*G
WSBB�A3� LaMa oi Mins.sota ior i9�t, Bstrs �e���.on� Chapt�r
3i, a�s1c�� •ubstaatial oha�e� i� ths pa�nnatr oi prap�rty tas
rsii�f and aid• to the �nnioipalit�►; a�d
i�8EA8! a�on` tbe�s rsvisio� 1� ths ohaa�� in th• dst��
oi pay��st• o! tbs Ho���tead Cr�dit; aumd -
� i�8EA8A8, Lax� 19?i, 8ztrs 8���io�, QUapt�r �6, S�otion
#7, ��s pro�ision tor borraMin� ia �antioiput#an o= t►�e pay�ent�
' i th��e ivad�,
Nox, Tbarsiore, be it
BESQLYED, that the Sinking Fnnd Caw�itte• �of the Qity oi
int Panl,� aotin` Zhron�h it s ssoretary, i• �tereby a�thorts�d
o pro0�sd Mith �he proper srran�eMnts to borroM a �u� not to
os�d �i,ogi,000.00, raid note to be dat�d �e�b�r B8. i97i,
t sstnre on Mareh S;, i9?S; be it
l�tTBT�It RESOLY�D, that •eal�d bids for th� abavs aot• shail
be r�o�i��d in �h� o=ti�e oi th� Co�ptroll�r oa 4ue�dayt Z'Ho�,b�r
�, 197i, up to i�:00 A.M.� Cen�ral Staedsrd Ti�as, said aot� to
bear iatesert a� a •in,rls rate, 3not to eao�ed ����� p�roen� (7�►j,
said aote to b� �i�a�d Dy the Ma�rar a�d Cto�pt:rolls� �deli��r�►
to bs �ad• oa th� sai� dste, th� Qity r���rrri� tbs riaht to
rs�s0t any and a1i bi,d�.
oEC 1 ? �i1
COUNCII�MEN Adopted by the CounM� 19_
Yeas Naya �
Butler 4�'i, 1 ? 197�,
�[ Conray Appro� -- 19—
Levine � Tr Favor
Meredith ��
sp� d A��at
�-
Mr. President, McCarty
�8