250139 i ,
OIIIOtNAL TO CUfY CL6RK
CITY OF ST. PAUL HOE NCIL NO. ' � �
OFFICE OF THE CITY CLERK
� � OUNCIL RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONE ATF
WHEREAS, the Council did Resolution No. '249940 approved August 4, 1970, authorize
the issuance and sale of $3,000,000 Urban Renewal Bonds, Series 1970F, to be dated as of
August 1, 1970, and as the proper city officers have fully caused the said bonds to be
advertised for sale and said advertisement required sealed bids to be submitted on August 19,
1970, and as the bids were submitted and opened, examined and tabulated by the City Comptroller,
and the City Comptroller made the recommendation to the Council that the (joint) bid of
HARRIS TRUST AND SAVINGS BANK, CHICAGO, THE CHASE MANHATTAN BANK, N.A. , Joint Managers,
AND ASSOCIATES
was found to be the most advantageous, therefore be it
RESOLVED, that the (joint) bid of �gIS TRUST AND SAVINGS BANK, CHICAGO, THE
CHASE MANHATTAN BANK, N.A. , Joint Managers, AND ASSOCIATES
be accepted and said bonds awarded at a price, namely, par and accrued interest with a
coupon rate of 6.00 per cent and a premium of $ 8,127.00 ; be it
FURTHER RESOLVED, that the Council hereby ratifies and approves each and every act
of the Sinking Fund Committee in connection with the sale of said bonds.
FORM APPROVED
� -
Asst. Corporation Coun � AUG 19 1916
COUNCILMEN Adopted-�y the Council 19—
Yeas Naya
�-- �,ua�a 1 � 1970
Carlson . A rov�i 19—
Levine �n Favor
Meredith
Sprafka 0 yor
Tedesco ABainst 2 21���
Mr. President, McCarty p�g1.�SHED A
�
� � . 2�� �3
. �
. C1TY QR�' SA1NT PAUL, MIIaiBSOTA
LIST � BIDS RECEIVED AUGU.,,_ST 1�, 1970,
(1) $4,SQ0,000 CAPITAL �' 2 B�QDS, SERIBS 1970
�2) $3,0�O,OOQ URBAN flFdiBWAL BONDS, 3S8IB.S 1970F
(3)$13'0003000 CIVIC CEN'tER �TDS� SBRI�S 1970A an+d 1970B
�.�..mDKx OOUP�� p�,� Y�
'8t�okers 7�Cast Campaay) Jt� ���� (1) 5,10� $ 5,805.00 S.47b5#
Blqth & Co., Inc. ) (2) 6.10 25,071,.00 6.0507
Chennical Bank (3) b.10 I04,000.00 6.0532
Smith, Barney & Co., Incos�posated
Bepublic National Bank af Dallas
Damiaick � Dominick, Inccr�orated
First of Michigan Corparation
Bacon, Whipple & Ca.
8obert Garrett & Sons, Inc.
The First National Bank of St. Paul
Stern Brothera � Co.
Zhixd National Bank in Nashville
Nachavia Bank & Trust Caa�auy
Prescott, Merrill, Turben & Co.
7�e �io Co�aay
Baker, Watts � Co.
Parlcer/Hunter, Incorporated
Allisott-Wi111ame Campany
Seattle Trust and Savings Bank
Boettcher & Con�aay
Baatman Dillon, Union Securities) JC.
� Co. 1
Shielde & Co. � I"J8r8•
BeBr, Steartts b� Co.
Reynolda � Co., Inc.
Bache & Co., Incorporated
Hay+den�, Stone & Co.
E. F. Hutton � Co.
Estabrook � Co.
Dick & Merle-�ith
First National State Bank of New Jeraey
Purnam, Coffin • Doolittle - Newburger
Speacer Trask & Co., Incorporated
McDougal tx Ccndon
James A. Andrews 6 Co., IAc.
DeHaven Townsend, Crouter � Bodine
Stern, Lauer & Co.
park, 8yan & Co.
perry Ad,sms � Lewie, Inc,
F. R. Cole � Co.
3anney, Battles � B. W. Clark, Inc,
Aer�ert J.� Sime � Co., Iac.
Manley, Benaett, McDenald 6e Co.
Ferris � Co.
�continued next page)
o �
' LisT OF BIDS RECEIVED AUGUST 19, 1970
Page 2
CITY OF SAINT PAUL
NAME OR BIDDER COtJPON BATE P I[1M IELD
7�ie First National 8ank of (�icago (Mgr,)
The Northern Trust Companq
. Caatineatal Il.linois Natioual Bank and
Trt�et Caanpaay of Chicago
M�ellon National Bank and T'�ust Compaay
W. $. Morton & Co.
White, Weld � Co.
Dean Witter & Co.
Laidlaw � Co,
Elkins, Morris, Stroud & Go,
Bacon, Stevenaon & Reeves
William Blair � Comparry
Robert W. Baird 6 Co. Incorporated
New York Hanseatic Corporation
Hutchinaon, Shockey, Brley � Co.
Altgelt & Co., Iuc,
Rowles, Winston � Co. , Inc.
J. A. Glyaa & Co.
American National Bank of St. Paul
Wheat � Co., Inc.
Davenport & Co.
Seunders, Stiver � Ca.
Van Rampen, Wauterlek & Browa, Inc.
Harris Truat and Savings Bank, Chicago) (1) 5.20 1k,245.00 5,1424
The Chase Manhattan Bank, N.A.) Jt. Mg�. (2) 6,00 8,127,00 5.9840�'r
Merrill Lqnch, Pierce, Faimer � Smith (3y 6.00: 29,757.00 5.9866*
Seattle-First National Baak
First National Bank in Dallas
First Wisc�nsin National $ank of Milwaukee
Franklin National Bank
Chester $arris & Co., Inc.
1Yuat Coonpany of Georgia
City National Bank & 1�ust Co.
Shaugizneesy � Company, Tanc.
Suplee, Mosleq, Close � Reraer, Incorporated
First National City Bank ) Jt. (1) 5.10 None 5.10
The First Boston Corporation ) Mgra. (2) 6.00 7,560.� 5.9851
Bank of Americaa N, T. � S. A. (3) 6.00 26,338,00 5.9881
First National Bank of Memphis
Drexel �rriman Ripley, Incorporated
Wertheim & Co,
Clark, Dodge � Co.�, Inc.
United Californis Bank
Weeden � Co., Inc.
Baak of the Co�nouwealCh
Barr Brothers & Co.
Roosevelt � Cross, Inc.
J. C. Bradford � Co.
(continued next page)
, '
• LIS2 OF BID6 �t8C8IVBD �TSt 19, i47a
Page 3
C ITY � SAIIiT PAUL
� � BIDDBR � �tAT6 � y,�
T�ood, Stratt►ers 6 ilfnthro�p, Ina.
The Fidelitq Bmak
Yoduatsial Natioaal Bank of �ode Llaad
l�iarine Nation�al 8ach�age Bank
Bro�wa Brothere Harrima� 6 60.
The Chieago Coxposatioa
�torth Caroiina Hatioaal H+n�c
United qirginia Bank/State P�cs
��P�'9•�8eier 6c Co., Ittia.
Craigie, Incarporated
Fahaeatock � Co.
Model �land � Co.� Ityc.
Fir$t 8atioaal Bank of At�tts
Virginia �aCiaial Baak
Anderson S� Stxudvick
Austin lbbia 6 Co., Iac.
Jur� b M,00dy, �c.
5cl�eicicert 6r Co.
Mosgan Ouaranty Trns t Ca�a� of lfev Yot1c�1� 5.20 9,900.00 S.1f�0
Salomnn 8rothers t2'� 6.10 24,780.�0 6.0513
E3) 6.I0 100,230.OU 6.Q549
i,el�oan Bsothers ) Joint {1) 5.30 4,34T.04 5.1824
Ridder, Feabody b Co., �ac.� bf�tager�r =2) 6.�0 7,853.50 6,08�6
and As�ociates (33 6.10 25,863.50 6.08y9
Ia Association with
Ph+elps, Fetm b Co.
aad AssoeiA�as
IAII MC�&EL�NA
*Successful bic�er CTIY CQ�LLS�
��,n;��,� 250��9
� CITY OF ST. PAUL �►Na� N�
� OFFICE OF THE CITY CLERK �
� � COUNCIL RESOLUTION--GENERAL FORM �
CO�MM�IS.S�IONE1 oAT�
i1REREAB, tha Council did by �s�olution l�o. Z49940 appro�v�d An�wt 4, 1970, authosise
tbe i�swnQS ao� sal� ot �3,000,000 Ozban �sns�al Doada, Ssrias 1970l, to bs dat�d aa o#
Au,R,vat I, 2970, aad at the propar city o��io�ra hwa fuily caus�d the aaid bands to b�
�dv�rtissd for saLe aad raid advtrti�a�nt r�quir�d s�al�d bida to be sub�ittad on Ausnat 19,
1970, and as the bids wre wbmittsd aad openad, ac�in�d aad tabulatad by th� City Corptroil�r,
and the Ci�y Comptrollar �ade the rec000e�dation to tb� Counail that the (jointy bid o#
BI1�1I8 TA1S! AXD SIIVDIQB 3A�, CHICAl�O, TH6 � MA�BA?� �. 1t.A.. Joint Masut�ara,
AwD /1�lOCIA�S
Mas fauid to ba th� aost advantageaus, thsrefore ba it
�OLRD, thtt ehe (jaiat) bid of �Ig �g! � ge� �, �I��p, �
C9A8S 1tA�lAlL� �, �'.A., Joint Managara, AMD ASlOCL17�lS
bs aaeept�d an�d said bonda aasrdad at a price, namslp, par and accrued intsrsst With a ,
oaupon rata of 6�pp psr esnt and a premium of � a�127�pp ; bs it
?OBTHit RESOLVED, tt►at tha Couacil h�rebq ratifiea and appra�res esah and evary aat
o� ths Sinking lund Ca�ittee ta caanectiaa with tha sale of eaid bonds.
AUG Y 9 1970
COUNCILMEN Adopted by the Council 18—.
Yeae Nays '
�- � AUG i 9 ����
Carlaon APPmo� 19-
Levine � Favor
Meredith
Sprafka �� Mayor
A nninat
Tedesco
Mr. Preaident, MeCarty �
��