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250039 ORIGINAL TO CITY CLBRK . �s • ��V{} �� . CITY OF ST. PAUL FoENCi� NO. ' OFFICE OF THE CITY CLERK • UNCIL RESOWTION—GENERAL FORM� PRESENTED BY. COMMISSIONE ATF RESOLVED, Tha'� the proper C�ity officers are he�eby a,utharized. and dtrected to exeGUte, on behaif of the City of 5aint Paul, joint and mutual exercfise o� �wwer agreement between the MetropvTitan Cour�cil, the Metropol�Itan Sewer Board, a:nd the Ctty, said agreement retating to the payment by the City to �.he Sewer Board of the City's share of cost of operation of this sewer and for tr,ansfer�ng certa�n bor�d proceeds from the City to the Searer Baard as more particularly set forth �n said agreement,, a copy of which is attached hereto. �i����0 a �� j oC �� O�Q AUG 12 1970 COUNCILMEN Adopted by the Council 19— Yeas Nays �--- ��� � 2 ���� Caxlson � ve� 19� Levine Tn Favor Meredith Sprafka � Mayor �Against Tedesco PUBLISHED AU G 1 �970 Mr. President, McCarty � � �� . i . •• � ' � ��° ° � y AGREEMENT This Agreement, made and entered into by and among the Metropolitan Council (hereinafter called the Council) , the Metropolitan Sewer Board (hereinafter called the Board) , and the City of Saint Paul (hereinafter called St. Paul) ; WITNESSETH THAT, in the joint and mutual exercise of their powers and in consideration of the mutual covenants herein contained, the parties hereto recite and agree as follows: Section 1. Recitals. 1.01. Council & Board Action. Minnesota Laws 1969, Chapter 449, Section 5, Subd. 3, terminates the corporate existence of the Minneapolis-St. Paul Sanitary District effective January 1, 1971, and on that date or an earlier date determined by the Board and approved by the Council pursuant to Section 5, Subd. 2, the Board may require the Minneapolis-St. Paul Sanitary District (Sanitary District) to transfer and assign to the Board all of its property, contracts, rights, obligations and employees. By its Resolution No. 70-65 the Board determined to assume the property, contracts, rights, obligations and employees of the Minneapolis-St. Paul Sanitary District as of August l, 1970. This resolution was approved by the Council by its Resolution No. 70-24. 1.02. Sanitary District 1970 Budget. On or before July 1, 1969 the Sanitary District approved and submitted to St. Paul a budget showing estimated costs of construction, operation and maintenance to be incurred by the Sanitary District in calendar 1970. St. Paul is obligated to provide moneys for the payment of that portion of such costs which is allocable to it in accordance with Minnesota Statutes, Section 445.17. 1.03, Existing Contracts. St. Paul has contracted to provide sewage service to several adjacent municipalities through its own collection system and the facil- ities of the Sanitary District, and the municipalities have agreed to pay costs incurred by St. Paul in providing such service, including costs incurred for the use of Sanitary District facilities. Such contracts shall remain in full force and effect until January 1, 1971, at which time they are terminated by Chapter 449, Section 5, Subd. 5. Section 2. Operation of Sanitary District Facilities; Payment of Cost. The Board will operate and maintain the facilities of the Sanitary District and provide treatment for sewage discharged into them by Minneapolis and St. Paul and the contracting municipalities of each. St. Paul will pay all costs incurred by the Sanitary District or the Board from January l, 1970 through December 31, 1970, which under accepted accounting principles constitute normal, reasonable and current costs of operation and maintenance of such facilities, and which are allocated to it by Minnesota Statutes, Section 445.17. The Board will submit a statement to St. Paul on the first day of each month commencing on August 1 and ending on December 1, 1970, for 42% of the costs of operation and maintenance which it estimates will be incurred in operating the Sanitary District facilities for that month, less any excess or plus any deficiency in previous payments by St. Paul, on the form currently used for this purpose by the Sanitary District, a copy of which is attached hereto and marked Exhibit A. St. Paul will pay the amount due as shown on the statement to the Board within ten days after receipt � of the statement. On or before March 1, 197T, the Board will submit to St. Paul, in a form similar to previous Sanitary District annual financial reports, the Board's determination in accordance with Section 445.17 of the amount of the costs of operation and maintenance of the Sanitary District facilities in 1970 allocable -2- r . • . ' . " • to Minneagolis and to St. Paul on the Uasis of the measured volume of sewage contributed by each during that year, and will remit to St. Paul the amount of any excess costs collected from it by the Sanitary District or the Board for payment of such operation and maintenanee costs. If the total amount previously paid by St. Faul to the Sanitary District and the Board for costs of operation and main- tenance of the Sanitary District facilities in 1970 is less than the amount allocable to it in accordance with Section 445.17, St. Paul shall pay to the Board on or before April 1, 1971 an amount equal to the difference between its share and the amount previously paid by it. The Board will include in its annual budget for 1971 and each year thereafter the costs of operation and maintenance of the Sanitary District facilities and of all other metropolitan disposal facilities transferred to it by or pursuant to Chapter 449, and will allocate such costs to St. Paul and other iocal government units in the metropolitan area in accordance with Chapter 449. Section 3. St. Paul Bonds. 3.01. Bonds Issued; Proceeds. St. Paul has issucd the general obligation bonds described in the list �ohich is attached hereto and marlced Exhibit B, to pro- vide funds to meet budget requirements of the Sanitary District, and has levied ad valorem taxes �on all taxable property within its corporate limits for their payment. As of August 14, 1970 St. Paul will have on hand tlie sum of $3,231,876. 78 trom the proceeds of such bonds not yet transferred to the Sanitary DistricY., and St. Paul • agrees to transfer such proceeds to the Board on August 14, 1970. • 3.02. St. Paul's Obligation. St. Paul agrees to pay all principal and � interest due and payable on or between August l, 1970 and December 31, 1970, inclusive, on all outstanding bonds of the issues described in �xhibit B. The principal amount so paid shall be included in the construction cost of the Sanitary District facilities paid by St. Paul, for the purpose ot computing the current value of such facilities to be credited to St. Paul pursuant to Chapter 449, Section 5, Suba. 4. � -3- , � , . , 3.03. Sewer Board's Obligation. The Board will pay and assume all principal and interest due and payable on or after January 1, 1971 on all remaining outstanding bonds of the issues described in Exhibit B, and will allocate to St. Paul and the other local government units in the metropolitan area in its budget each year, in accordance with Chapter 449, amounts sufficient to pay such debt service. The Board agrees to transfer to the Council on or before September 30, 1970, such amount of the bond proceeds transferred to it by St. Paul as will be sufficient to meet all principal and interest coming due on said bonds from January l, 1971 to January l, 1972, inclusive, for deposit in the Council Sewer Bond Fund, and to credit the balance to pay costs of acquisition and betterment of facilities contracted for by the Sanitary District. The Board further agrees to use other moneys on hand in its Construction Fund to pay all such costs in excess of the moneys made available therefor by Minneapolis and St. Paul. 3.04. Council's Obligation. The Council will pay all principal and interest coming due on or after January l, 1971 on the bonds described in Exhibit B from the Council Sewer Bond Fund established and governed by its Resolutions No. 70-6 and No. 70-22, and will require the Board to provide moneys therein from budget pay- ments by local government units on or before October 1 each year sufficient to meet all principal and interest coming due on such bonds to and including January 1 of the second succeeding year, and will notify the Ramsey county auditor on or before October 10 each year to cancel any taxes levied by St. Paul for that year to pay principal and interest on said bonds for which moneys are then on hand. -4- , . � • � IN WITNESS WHEREOF, the parties hereto have executed this Agreement on this day of , 1970. In the presence of: Metropolitan Council By Chairman And Executive Director '� Metropolitan Sewer Board By � . Chairman And Chief Administrator City of Saint Paul By Mayor And ' City Comptroller Approved as ta form and And execution: ommiss oner o u ic or s A nd � ss s an arpora ion ounse ty er . -5- ' EXHIBIT A R� UEST FOR FUNDS . Frrnn: Minneapolis-Saint Pau1 Sanitary DisLrict � 2400 Childs Road, St. PauJ., Minn. 55106 ' Date � � , Minneapolis St. Paul Total at % at % Uperation and Maintenance Funds: . � . operating expense • Total operating expense to Total operating expense to Current operating funds required Adjustments-- . � Federal Grants received Other . Total � I�ess funds received to date Adjustments-- � Prior years expendi.tures . . Other � . � TOTAL OP�RATION AND PIAINTENANCE FUNDS DUE �� Capital Outlay Funds: capital expenditures Total capital expenditures to Total capital expenditures to � Capital expenditures advances required Adjustments-- Federal Grants received . Other � � Total Less funds received to date Adjustnents-- � Prior years expenditures Other TOTAL CAPITAL EXPENDITURES FUNDS DUE Signed: - L. W. Marsh . � . Executive Secretary . . - EXHIBIT B Principal Due Principal Due Description of Issue Date of Issue 8-1 to 12-31-70 1-1-71 & thereafte 1. $150,000 Sewage Disposal System � Bonds, Series No. 7 September l, 1959 $ 4,000 $ 119,000 2. $296,000 Sewage Disposal System Bonds, Series No. 8 October l, 1961 $ 5,000 $ 261,000 3. $3,315,000 Sewage DisposaZ System Bonds, 1962, Series A August 1, 1962 $65,000 $2,925,000 4. $2,500,000 Sewage Disposal System Bonds, Series 1964B � October 1, 1964 $70,000 $2,280,000 5. $2,500,000 Sewage Disposal System Bonds, Series 1965C October l, 1965 $50,000 $2,350,000 6. $2,300,000 Sewage Disposal System Bonds, Series D July l, 1966 None $2,200,000 7. $1,150,000 Sewage Disposal System Bonds, Series 1967E October l, 1967 $30,000 $1,120,000 8. $2,490,000 Sewage Disposal System Bonds, Series A-1968 August 1, 1968 None $2,490,000 9. $1,500,000 Sewage Disposal System Bonds, Series B-1969 November 1, 1969 None $1,500,000