03-52Council File # (� �+ ! s e�i .
Green Sheet # _�`� 03 �
RESOLUTION
CTTY OF SAINT PAUL, MINNESOTA o�
pR'4
Presented By
Referred To
Committee: Date
GIVING PRELTMINARY APPROVAL TO THE
ISSUANCE OF BONDS
BE TT RESOLVED by the Council of the City of Saint Paul, Minnesota, that the Director,
Office of Financial Services, Treasurer and other appropriate City officials and staff are hereby
authorized and directed to proceed with preliminary actions for the issuance of the following
bonds, in the following approximate amounts, in conjunction with Springsted Incorporated as
fmancial consultant and Briggs and Morgan, Professional Association, as bond counsel, and in
connection therewith to prepare an official statement and such other documents as may be
necessary for further approval of this City Council:
1. $19,000,000 General Obligation Capital Improvement Bonds.
2. $2,600,000 General Obligation Street Improvement Special Assessment Bonds.
3. $10,600,000,000 Water Revenue Bonds.
4. Such refundings and advance refundings as produce sufficient savings to justify
the issuance of refunding bonds.
Requested by the Office of:
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Form Approved by City Attorney
By: ��4'Gf/V�'w� ('�` —`�
MayoY for
By:
By:
Adopted by Council: Date �aa aOCY3
Adoption Ce�ified by Conncil Secretary
Mare9eme�rt Services
DATE INIMTFD
�,� GREEN SHEET
InitlalNata
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TOTAL # OF SIGNATURE PAGES 1 (CLIP ALL LOCATI S FOR SIGNATURE) I
Preliminary resolution gives the Office of Financal5ervices, Treasury Section, the authwityto initiate all necessary action leadi� W the iuuance of
General Obli9ation Capdal Improvemerrt Bo�s in U�e approximate amou�R of $79,000,000, Gene21 Obligation Street Improvement Bonds in the approximate amourR of $2,600,000,
.r Revenue Bontls in tlte aDW�u�ate amou�R of $70,800,000 antl such refunairgs as ro produce sufficierR savugs tojustify the k5uaree.
Of
PLANNING COMMISSION
CIB COMMITTEE '
CIVIL SERVICE COMMISSION
PROBLEM ISSUE, OPPORTUNIN (VJho, What, When, Where, Wh»
'�CE THIS RESOLUTION ON THE COUNCIL AGENDA OF January 76, 2002.
' The Offce of FinanGal service tlesires to issue the follavirg bontl issues in Ne approximate amour�ts.
, $19,000,OOOGerieralObligationCapitallmprovemeMBOntls
. $2,60q000 General OMgation Street Improvement Special AssessmeM BoMs
$10,600,000 Water Revenue Bontls
,, AnyrePondingisssuesthatprotlucesavingssu(ficieMio�ushfytheissuance.
IF
iis resdution is preliminary as @ only autlm'rzes sfaR to begin this bond sale D��ess. A detailed bond sale resolution callirg fw the sale is planned to be presentetl
the filtl CAUncif on FebtUary 26, 2003.
IF APPROVED
�F NOT APPROVED
preliminary resolution, Ne staff woultl �wt be aNhorizetl to iNtiate neCessary action leatli�g to Ulis bofld sale.
TRANSACTION
INFORMA'(�ON (EXPtAIN)
RSONAL SERVICE CONTRACT$ MUST ANSW ER THE FOLLAWING QUESTIONS:
Has ihis perso�rm ever woAced under a cor�tract for th� departmeM'�
YES NO
Has this persoNfrm ever been a ciry employee? '
YES NO
Dces this pe�soNf�m possess a skiil not normally possessetl by dny curteM city employee?
VES NO
Is this persoNfirm a Targetetl vendoR _
YES NO
ACTIVfTY NUMBER
qy � �f����
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E�i4
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(CIRCLEON� YES NO
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preresgs.xis 1/'10/2003