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253279 ORIOINAL TO CITY CL6RK �� ►r ., CITY OF ST. PAUL �E NCIL NO. • , - OFFICE OF THE CITY CLERK � COUNCIL RESOLUTION-GENERAL FORM PRESENTED BY COMMISSIONE ATE WHEREAS, Chap er 4'75, Minnesota Statutes i96g, provides that the governing body of an.y municipality issuing general obligations shall , prior to the delivery of the obligations , levy by resolution a direct general ad valorem tax upon all taxable property in the municipality, to be spread upon the tax rolls for each year of the term of the obligations, . and said law also provides that the tax levies for all years shall be specified and such that if collected in full they, together with estimated collections of special assessments and other revenues pledged for the paymentcg said obligations, will produce at least five per centum (5/0) in excess of the amounts needed to meet, when due� the principal and interest payments on the obligations, and said law further provides that said resolution shall create a separate sinking fund for each issue of obligations, and shall irrevocably appropriate the taxes so levied and any special assessments or other revenues so pledged to that fun.d or account; now, therefore , be it RESOLVED� That for the purpose of providing for the pay- ment of the principal and interest upon the �4, 500, 000 Capital Improvement Bonds, Series 1971, issued and sold, as authorized by Resolution of this Council , Council File No. 252733, when and as the same mature , and for an addi•+ tional direct tax in an amount not less than five per eentum (5°fo) in excess of the sum required to pay such principal and interest when the same mature , there is hereby levied on all of the taxable property in the City of Saint Paul, in addition to all other taxes, a tax for the payme nt of said �4, 500,000 of bonds , the following direct, annual , irrevocable taxes , to-wit: FORM APPROV�D � �� Asst. Corporatinn Counsel COUNCILMEN Adopted by the Council 19— Yeas Nays Butler Caxlson d 19— Levine _�n Favor Meredith or Sprafka A gainat Tedesco Mr. President, McCarty � ��`��F��' ;_ _ ' � L . � Page 2 . Tax Required P,y Chapter 475 , Minnesota Bud�et Tax For Tax ror � Statutes J.969 in excess Total Year Principal Tnterest of I'rincipal and Interest Tar 1971 - $ 80,100.00 $ 4,005.00 $ 84,105 .00 1972 $ 450,000.00 152,775.00 30,138.75 632,9I3.75 1973 450,000.00 137,925.00 29,396.25 . 617,321. 25 1974 . 450,000.00 123,075.00 28,653.75 - 601,728.75 1975 450,000.00 108,225.00 27,911,25 � 586,136. 25 1976 450,000.00 93,375.00 27, 168.75 , 570,543.75 1977 450,000.00 78,525.00 26,426.25 , 554,951.25 1978 450,000.00 62,325.00 25,616.25 ,537,941.25 1979 450,00�.00 44,775 .00 24,738.75 519,.513.75 19£3Q 450,000.00 27,000.00 23,850.00 500,£350.00 1981 450,000.00 9,000.00 22,950.00 481,95G.00 $ 4,500,000.00 $ 917,100.00 $ 270,855 .00 $5 ,687,9S5 ,OG ORIGINAL TO CITY CLlRK � �� .. CITY OF ST. PAUL �LE NCIL NO. ' _ -' �� OFFICE OF THE CITY CLERK COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY COMMISSIONER DATF Page 3. be it FURTHER RESOLVED� That in the event any principal and interest come due prior to the receipt of the proceeds of said taxes , it shall be paid promptly, when due, out of the general fund of the said City of Saint Paul, and reimbursement therefor shall be made when said taxes shall have been received; be it FURTHER RESOLVED, That there shall be created a separate sinking fund, or a special account in the sinking fund, for said obligations , and that the taxes received for the payment thereof are hereby irrevocably appropriated to said account , and that the City Clerk be and is hereby inetructed to file in the office of the Gounty Auditor of Ramsey County a certified copy of this Resolution, together with full information regarding the bonds for which this tax is levied, and the City Clerk is hereby ordered and directed to secure from the County Auditor a certificate that he has entered the obligations in the tax register as required under the provisions of Ghapter 4'75, Minnesota Statutes 1g69, and that the tax levy required for the purpose has been made ; be it FURTHER RESOLVED� That before the said bonds shall be delivered to the purchaser, the Council of the City of Saint Paul shall obtain from the County Auditor and deliver to the purchaser a eertificate of the County Auditor that the issue has been entered on his register and that a tax has been levied as required by law, in acco rdance with the provisions of Chapter 4'75, Minnesota Statutes 1969; be it FUBTHER RESOLVED� That such taxes sh all be collected and the payment thereof enforced at the same time and with and in like manner as other taxes of the City of Saint Paul, and when collected shall be used solely for paying the interest and principal of said bonds �i en and as the same mature ; be it FURTHER RESOLVED� That in compliance with and for the purpose specified by the pertinent provisions of said Ch� ter 4'75, Minnesota Statutes ig6g, said special sinking fund in the nature of a special account in the regular Sinking Fund of the City of Saint Paul hereby is created. COUNCILMEN Adopted by the Councii �R � Fi 1 q 7�9_ Yeas Naya B�� MAR 2 6 1971 �arlson rone� 19— i Ledi2�+e� �_jn Favor '��Vleredith �prafka gainst �—�edesco =Mr. President, McCarty Y�,�L��ll MAR 2 7 1971 � o��,�,T�,��,� � 2532'7� �, G�ITY OF ST. PAUL ��"G� NO , OFFICE OF THE CITY CLERK '� COUNCIL RESOlUTION--GC-�IERAL FORM �� -�» COMMISSIONE� DATF �iSLB8A3, Chaptsr 473, Minneeota Statut�s 1969� p�ovide• that th• �o'eznin6 body o.t anq �unioipal�i�E� iriuina sansrsl obligation� �tisll, prior to the delivery oi tbe obii�ationo� levy by ro�olntian a direot general sd valorea tu �oa sll tazable property in the �unioipali�y, to bs �p�tsd upon the taz Poil• ior esoh year oi ths t�r� oi ths obligatio� anrl �said laM also providea that ths taz I�vie• ior all yssrs shall be sp�oiiied and auoh tha� it��oolleoted ia iull tbey, �oaethsr Mith o�ti�sted ooil�i�'�ions ot �psoial as�ea�sents and other re venuss pled�sd tor the pa�ent d •aid pbiigation,�, rill prodnoe st least ii'e per osntus . (5'�) 1n esves� oi the eaounts nesded to .vat, Mhen dne, �he prinoipal ead interert pay�eats on the oblt6atioa�, and •aid lsr lurther pro�ides thst •sid reoolntion shall oreate a •eparate •inkis� lund !or eaoh issue oi obli�stion�, and sha11 irrs.00ably appropriats ths tues •o ls�isd and sq�r spsoial assesa�snts or oth•r revsnnas ao pledsed to thst iund or a000unt; noM, tharelore , bo it aE80LVED, That for tbe pu�pose oi prc�vidia� ior the pay- , �ent oi t6s prfaoipel and iaterert upon �he ��,g00�000 Capital I�prov�eoent Bond�, S.riss i9?1, issu�d and �old, as sntho�iaed by Be�olu�ion oi this Counoil� Cou�cil FiT� No. gss733, Mhen and a• the saias �ters, and tor aa addi+ tional diraot tu in an a�ount not �� thaa ii�e per osntu� (S�) in �=oess o! the sus required to pay su� principal and interest ��n the ss�e �ature� there is hersby levied on all vi the ta�cable property ia the City oi Saint Paul� ia additioa to all othe r tazeA� a taa �or�=• t6e payaeat oi said �4�500,000 oi bonds, the tolloMin6 direot, annual, irra�oosbl• tazes, to-Mit: COUNCII.MEN Adopted by the Council 19_ Yeae Naya Butler Carlson Approv� 19.— Levine Tn Favor Meredith Sprafka �r A oninat Tedesco Mr. President, McCarty �� t . � . �� '��;.. _ `� k_ .. . f Page 2 . Tax Required By Chapter 475 , Ifinnesota Budget Tax For Tax I'or � SLatutes 1969 in eYCess Total Year Principal InteresL of 1'rincipal ancl Inte3-est Tax 1971 - $ 80,100.00 $ 4,005.00 $ 84,105.00 1972 $ 450,OOO.QO 152,775.00 30,138.75 632,913.75 1973 450,000.00 137,925.00 29,396.25 617,321. 25 1974 , 450,000.00 123,075.00 28,653.75 601,72F3,75 1975 450,000.00 108,225.00 27,911.25 586, 136. 25 1976 450,000.00 93,375.00 27, 168.75 570,543.75 1977 450,000.00 78,525.00 26,426.25 554,951.25 1978 450,000.00 62,325.00 25,616.25 537,941,25 1979 450,000.00 44,775 .00 24,738.75 519,513.75 1980 450,000.00 27,000.00 23,850.00 500,850.00 1981 450,000.00 9,000.00 22,950.00 481,950.00 $ 4,500,000.00 $ 917,100.00 $ 270,855.00 $5 ,687,955 .00 DUPLICATt TO�RIN7tR 2532`79 • , CITY OF ST. PAUL F�UNpL NO , � OFFICE OF THE CITY CLERK � COUNCIL RESOLUTION—GENERAL FORM r��.� COMMISSION� DA� Pase 3. bs it FiTxT�B RESOLVED� That in the eveat eny prisoipsl and iater��t , oo�e due prior to the reoaipt oi the prooeeds o! said tazee, it shall bs paid pro�ptly, Nhea dus, out o! the geaaral iund oi ttie esid City of Saint Paul� and reia�burse�ent thoretor shs11 be ainde Mhen aaid tase• �ball have been receirad; be it P'DRTSCB RE30LYED, That there ahall be oreatad a separste �inking tund, or a speoial a000unt in the sinkina �un8, !or •aid obligation�, and tbat ths taaes reoe3vsd` �oe the psyvent thereo� are hersbq irre�oasbly appropriated to �sid a000un�, and that tbe City Clerk be aad ia hereby inetruoted to iile in tbe otiioe oi ths Connty Auclitor oi Baeeey Connty a osrtiiied oopy o! thi� ftsaolution� to6ether Mith tull inio�ation regarding the bonds for Nhioh this taz i• leviad, and the City Clerk is hereby ordered and direotad to �eoure iro■ the County Auditor a oertitiasts tDat he ba� e�itered tbe obiigatfons in the tu re6later ae require d nnder the provi�ions oi Chsp trr �75, Minnesota Statntes i969, und thst th� taz levy required for the purpoae has be•a �adei be it FV�T�R RESOLVED, That beiore the •aid bo�ds ahall be delivered to the puroha,rsr, th• Counoil ot the City oi Saint Panl r6s11 obtsin fros tha Coun�y Auditor and delivsr to the purohaaer a osrtiiioste oi �the County Audi�or that tha is+rue has bsen satered on his r�sister and that a taa has been levi•d s� required by laM, in a000rdanoe Mith the proviaion� oi Chapter 475, Mfn�e�ota S�atutes i969f bs it FQBT8E8 BESOLYED, That �uab tazes �hall be oolleoted and the psy�ent thsreoi eniorced at the asve ti�e and �+ith and in liks �annsr as othor tazea oi the City o! saint Paul, ana �lten oolleotsd �ball be used solely ior payin� ��s intsre�t and prinoipal o! asid bond• �hen and as the aa■s .ature ; be it FU8T�8 R�SOLVED, That in oosplianos Mith end !or the pnrpos• speoiiied b ths pertinen� provisiona ot' said Ch� ter 4?�, Mina�sota Statutes 19�i9, raid apeoiei siakin6 2tiind in the natnre o! a speoial aoaount in the re�ular 5inking Fund o! the City oi 3aia#.pq�i ,�reby i� oreated. MAIt L t� 19/'1 CpUNCILMEN Adopted by the Counci� 19_ Yeas Naya MAR 2 6 197d Butler � � Carlson Approv� 19— Levine '/ Tn Favor �Meredith �Sp�a MaYor gainat �Tedesco � Mr. Preaident, McCarty �� V � , � F�L�� nF� � � � � "� � [ � L.� " � I 1 Y� s � `±s� 11 J'�i t Q �!TY CLr,��<<S Q� `10E S i Pr'.JL, �•�l;!;�. STATE OF MINNESOTA ) CERTIFICATION AS TO TAX LEVY ) SS AND REGISTRY OF BONDS UPON COUNTY OF RAMSEY ) COUNTY AUDITOR'S BOND REGISTER I, the undersigned, being the duly qualified County Auditor of Ramsey County, do hereby certify that there was filed in my office on the 29th day of March � 19 71 , a certified copy of Council File No. 253279 adopted March 26, 1971 by the City Council of the City of Saint Paul levying taxes for $4,500,000 Capital Improvement Bonds, Series 1971 as the same fall due and to pay and discharge the principal and interest thereof when due. � It is further certified Chat pursuant to Section 475.63 Minnesota Statutes Ant�otated that said bond issue has been entered and registered upon the County Auditor's bond register File No. 699 and that such tax for the payment thereof has been levied as required by law. WITNESS, my hand and official seal this 30th day of March � 19 71 THCMAS J. KELI.EY COUNTY AUDITOR, COUNTY OF RAMSEY By: Ente d in Bond Register Deputy � .. �,,,,,;,.�� .� FILED �� ,•� �� ta p �i; , � STATE OF MINNESOTA ) ClTY Ct.�:�:r.`�� C3=#�;�� CERTIFICATION AS TO TAX LEVX ) SS S1 F;',UL, i�iii�i�. AND REGISTRY OF BONDS UPON COUNTY OF RAMSEY ) COUNTY AUDITOR'S BOND REGISTER I, the undersigned, being the duly qualified County Auditor of Ramsey County, do hereby certify that there was filed in my office on the 29th day � of March , 19 71 , a certified copy of Council File No. 253279 adopted March 26, 1971 by the City Council of the City of Saint Paul levying taxes for $4,500,000 Capital Improvement Bonds, Series 1971 as the same fall due and to pay and discharge the principal and interest thereof when due. � It is further certified that pursuant to Section 475.63 Minnesota Statutes Annotated that said bond issue has been entered and registered upon the County Auditor's bond register File No. � and that such tax for the payment thereof has been levied as required by law. . WITNESS, my hand and official seal this 30th day of March � 19 �1 . . _ - 1'�IAi J: �iY . . �• COUNTY AUD OR, COUNTY OF RAMSEY . By; - , - . Ent e in Bond Register Deputy . , � . FiLCD •• ,r, t �t• . 1 . � i Y,��,i� ..E�:a �d ��..' � �1 ,•�. S STATE OF MINNESOTA ) CERTIFICATION AS TO TAX LEVY ) SS CITi`.ul_t=�;;'� G;�;�I�`� AND REGISTRY OF BONDS UPON ST i'�;UL, P�;f;�i'.'. COUNTY OF RAMSEY ) COUNTY AUDITOR'S BOND REGISTER I, the undersigned, being the duly qualified County Auditor of Ramsey County, do hereby certify that there was filed in my office on the 29th day � of March , 19 �I , a certified copy of Council File No. 253279 adopted March 26, 1971 by the City Council of the City of Saint Paul levying taxes for $4,500,000 Capital Improvement Bonds, Series 1971 as the same fall due and to pay and discharge the principal and interest thereof when due. � It is further certified that pursuant to Section 475.63 Minnesota Statutes Annotated that said bond issue has been entered and registered upon the County Auditor's bond register File No. 699 and that such tax for the payment thereof has been levied as required by law. WITNESS, my hand and official seal this 30th day of March � 19 �1 . THO�IAS J. KELLEY • COUNTY AU R, COUNTY OF RAMSEY . ' gy: Ente d n Bond Register ` Deputy �»larch 26� Z9Ti �I��, �.�oxn�s :�;el_1.cy Ca�tn�y :luc�itor C�?�:�°t ?rot�,�e '?�ar �:i.�: ^.t��,c?��c� '_a�r��n 3.s a rerti�'3ed cop�>= of r? T•esolution� C• r. ?53�7�f ,�.�.l.opteci by t�2e Ci.��y Coun�3,1. ar� 1'��rc.'� ?_Ea ].''?l� lcvyin�; taxes .for r��:� �,r.zfr.�cn� o� ;��-E,r4D,0(K; C�.�ait�l Inmr.r�vcr��r.t 13onc��a ��r.ien 1�71.. :l.n con�ox�nix�ce ;�,�.a�t� tli� �errn� c�f. th�: resalution, t,re zro�alc. zppreciate °��oizr ��rcavid��, iis yrit2: six crr3�inal c�i� au.�lie�.t� ox•a�,-a.raal e�r�3i'ie�.t�s -� th� c�.ffec� tl�at you havr erlterea the �bLi�,�tions �.ri �h� taac re�ister a.nd �?��t �he �n�-{ �evy ?�t�.s bc:ez� rn��de. Vcr;r truly� 3�Qtxx•�� City Qerk n� ,��3�.�c. 1 r�iarch 3]., �9?`a. Mr. Robert E. Wax�glund! AVP g�,�r� �.'x�ttst Campany' 1�i Wall Street I�i�t York* l�ew York 1(m15 I�ar Sirs En.closed ia a certificate af Thom�as J. IS,�lley'� Fta��aY C��'�Y Auditor� to the effect that he haa levied taxes �a grov3de Par th� ga�y�nt a�` princigal tend interest on th� bonds de�cribGd in tlle cert�Fia�te. Yery tr�tly yours�, City �lerk ng •PLEASE FURNISt-1 SERI/ICE(S) INDICATED BY CHECKED BLOCK(S). . REQUIRED FEE(S) PAID. � Show to who�i�, date and address Deliver ONLY where deliver�� ❑ to addressee � R��CEIPT Received the numbered art' ' d below. REGIS�� / SIGNATURE 0 DD t alwayr be filled in� � � 1�' S CERTIFIED N0. 1 �O� ApR �^� _ Z SI RE eOF ADDRESSEE'S NT,IF A INSURED N0. ry Q � N � `+r DATE DELIVERED SHOW WHER �IVERED( ny if�aquene j.y'� �' V 3 O��j�� q � y c55-18-71b48-11 347-188 apo , � ��.,�� Z��Z�� %� � • o U � ,� 9�� e _ � � � � a •ai��ue 'o �.� � 3� �I��9 �� [%�� $[91 y�c»c pue spua pawwn8 ua�sioy� � •ap�s �ay�o ao (s)��o14 �1��9� `ld�,�as s�y� vo u,aoqs Naniaa ,i�ani�ap 3o ssa�ppr, ayt aneq o1 Jo ',C�an�1ap »i»sar � --- --_ 03 Iue,a no,i �1 •.�oiaq ssazppe puc ameu�ano�i �uud --- ----- e 3�Idd0�JNI213At13a d0>ILItlW1SOd i � , ------.. I Z ;�. � 01 A9�3�OLaliAU�d��AlltlN3d i, � 13� �i � �a Z adb � � y�'v ? � ��pl� Ss3N�sne�vi�i��o 1N3WlilVd3a 3�Idd0 150d . ' tl • .� • - ;, ` Successful purchasers: $4,500,000 Capital Improvement Bonds, Series 1971: Mr. Robert E. Wanglund, AVP Bankers Trust Company 16 Wall Street New York, New York 100�15