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240963 ' � / , ll � . OR161NAL•TO CITY CL6RK n�l 1.' A�'J ' ._� ��„� .- CITY OF ST. PAUL COUNCIL N0. � �'i� �.: �'" � OFFICE OF THE CITY CLERK FILE _, � COUN IL RESOL TIO -GENERAL FORM � PRESENTED BY COMMISSIONE ATF WHEREAS, there has recently been enacted by the State of . Minnesota in Chapter 459, Laws 1967, legislation relative to the issuance by the City of Saint Paul o£ bonds to provide funds to construct, re- construct, remodel and equip a Civic Center consisting of but not being limited to th e existing auditoriwn and theatre, the existing axena remodeled to a new exhibition hall, concourses, new arena, and associated parki.ng ramps sometimes hereinafter collectively referred to as the Civic �Center; and WHEREAS, said legislation in Section 1 thereof authorized the issuance and sale by the City of Saint Paul of Three Million Dollars ($3,000,000.00) of general obligation bonds and said legislation in Section 2 thereof �authorized the issuance and sale by �the City of additional general obligation bonds in an amount not to exceed Ten Million Dollars � ($10,000,000.00); and " tiVHEREAS, Section 3, Subdivision l�f said legislation provides: "The city shall have power to negotiate and to obtain, and sha1L obtain, from responsible persons, firms, , and corporations, non-cumulative guarantees in an , aggregate amount not to exceed $150,000 annually for : , �a period of ten years, commencing after one year of �� � � • �, "- operation of the'axena portion �of the civic center, � - ""�°" � which shall bind'each guarantor respectively to pay � � his pro rata share of the annual principal and interest . " � payments necessary upon the bonds authorized by > ° � section 2 hereof to the extent revenues from the � � � civic center are� insufficient for such purpose. Provided, ' -� �' °- however, that guarantors' aggregate obligations under � - c`� said non-cumulative annual guarantees of $150,000 - � (for any calendar year) shall be further limited to � � the amount by which income available for debt retirement O .. from allyj�arking and concessions�associated with the civic center fall�s below'$500,000. !Income available for debt retirement, � with respect to�parking facilities, means gross receipts minus all operating, promotional � or aher expenses; �and .t'Income av;ailable for debt „ y �; ' Y .. COUNCILMEN � � � -z�� Adopted by the Counci� 19— r • �� � � Yeas NaYs ` � ! , r �'�� �� + �4 ' ..i 3 , Carlson , �` � " . .� ����r Dalglish - � Approved 19—_ + ;�,� � � �• ��� /' . � . Meredith '' ,�� Tn F`avor �j '- � � Peterson ; _���, ,, . � ` Mayor Sprafka � � ... � '� . ' Tedesco ,,�^A gainst �, •_ \ � T� Mr. President, Byrne j �'. , '� � � - 1 � � , ; . ', , . . � � , - - - �o , 1 �Y�1 � � � , - � � • I .� , .. . ' _ -� . 2����3 Page 2. . retirement� with �respect to concessions means the earned incorae received by the city from the concessionaire or i£ operated by the city means gross receipts minus all operating, proraotional or other expenses; both of which shall be subject to the control of the civic center commission, defined herein., "Guaranteeslshall run from the guaxantor to the �� city of Saint Paul and shall, upon �their acceptance _ ,: :;, by resolution of;the city council, constitute legal. � � and enforceable obligations of the respective• guarantors ' � - in accordance with �the t,erms thereof, notwitIistanding , � any provi�sion of� law which might otherwise declare �such . � • .• �' guarantees to be ultra, vires on the part of the guaranto� or„ the city.�'; ,.., , � ,. , � � . �;:,:�„�_ . .. �...-�-�.�:r.�.---- _ :.. ,_ _. . - . - - . - ._. . , . - . _ .. �a:nut;�:,therefore, be it • � � ,. - i; . � • �RESOLVED, that the City of Saint Paul hereby accepts the agre,ements�'from the following guarantoxs: , � .- First�National Bank of Sailt Paul -� agreement in the amount '�,;;.;,� �of $25,000.00 annually ';.;�;� for a period of ten (10) .. years; Minnesota Mining � Manufacturing Company - agreement in the amount � � of $25,000.00 annually for a period of ten (10) years; Northwest Airlines, Znc. - agreement in the amount �of $12,000.00 annually for a period of ten (10) years; 'I,'h,e Saint,--Paul Companies, �Inc. - agreement in the amount �of $12,000.00 annually ,, ` , �'i fox a period of ten (10) . �ears; i � i . _ • . � � 24 C��3 Page 3. Ame�ican Nationa;X Bank � Trust Company - agreement in the amount " l �of $10,000.00 annually I for a p�riod of ten (10) I yeaxs; � 1 The Dayton Corporation � - agreement in the amount � �of $6,000.00 annually for a period of ten (10) years; , Buckbee-Mears Company � � agreement in the amount ' � of $5,000.00 annually for a peri,od of� ten (10) years; Control Data Corporation - agreement in the amount �of $5,Q00.00 annuaIly ` , � for a peri,od, of� ten (10) . �. ,_ . ..- , . . . , .. _ ,. � y.ear`.s;'�•... . ._ -� - - ---- - ---���--• �. _. � - .�. _ : . _ � � Donovan Construction Company - agreeinent in the amount � of $5,000.00 annually �or a period of ten (10) . years; ' . Economics Laboratory, Inc. - agreemen,t in the amount �of $5,000.00 annua,lly for a peri,od o� ten (k0) years; Great Northe�n Railway Company • - agreemer�t in the amount �of $S,OOO.UO annually _ for a period of ten (1.0) years; Theo. Hamm Brewing Cmnpany - agreen�ent in the amount � �of �5,000.00 annually � fox a. peri,od, of ten (10) �ears; .__ , i . . . . 2�a��3 h -- i ' Page 4. ; Hoerner-Waldorf Corpoxati,on , � - agreement in the amount of $5.,.000.00 annual.ly , £or a period of ten (10) years; Minne�.ota'-Mutual Life Znsurance Company - agreement, in th.e amount �of. $5,000.00 annua.11y for a period of ten (10) years; Murphy Motor Freight Lines, znc. - agreement in the amount � ' of $5,OQ0.00 annually , for a period of ten (IO) years; Northern Pacific Railway Company - agreement inthe amount ` � �of �5,000.00 annually . ., , ��,f.. � , � ' for a period of ten (10) � ' � � .,.:.x: , years; _ _. _ .._ .. �... -- - , .,. . - �-M-°r-....��: �,,....a._,�' ..„_ .� . _.� .. ..... . _,.. ._ _..__ ._ . __._.-- - ----- -- -- - - - � - � Northwestern B.ell '�elephone Company , agreement in the amount , • ' � •;�� of �5,000.00 annually ;.�: ' � , � for a, pexiod of ten (10) � years; and Paper Calmenson P� Company� � - agreement in 'the amount • of $5,000.00 annually . for a period of ten (10) years; , and the proper Ci,ty officials are hereby authorized and directed to execute said agreements. and that said agreements shall be filed with the Comptraller of the City of Saint Paul; be it � OR161NAL TO CITY CLERK. �LA��� �( CITY OF ST. PAUL COUNCIL NO '� i � 9�•� ��4 ���r�� , OFFICE OF THE CITY CLERK FILE COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY � COMMISSIONER �ATF Page 5. FURTHER RESOLVED, that a copy of this resolution be sent to each of the above named guaxantors by the City Clerk. .f , t I I I i • COUNCILMEN Adopted by the Coun���� 1 5 �96� 19— Yeas Nays ��'� � 5 196� Carlson Dalglish ' Approver.l 19—_ Meredith � 4 n Favor Peterson � Sprafka r Mayor A gainst m„��� I Mr. President, Byrne ! ' PUBLISHE� NOV 2 3 1968 } �o _ , ; . � _ _ � _ ` . .- .: _ . v^ . � . _ � - . _ - - � - ;- � . • - _ : __ ` �� � q.b� � . - _ _ _ : , . _ . . . � � � . _ _ . � - .- _ - .�. _ . . _ - _ . - . . - � _ _ - � � . , . � , _ � � - - - � �- � -.= � ' � _._ . - _ _ . . . - _ . . . . . � - . � - - - � . - - - _ - . . , - _ - : , , . . , _ , - - ^ : . _ - . - ., Y ,. - . . . - : - � � � � . � _�� - • _�� - � -� _ = : - _ � . . � . - - ` , . .. : . _ . _ - : x .. - ti = - � . - T � , . �``�` � �� -- Y� - � � _.; � - - - - , - - . . - _ _ , � . �_ _ � _ . . ��� • � - ' j . - , __ . � . Novembar�'20, 1968- � _ � � - - . � - � ' -- � �- " � ,. - , .. _ . . , . .. . Hr. �Harold J: Cummings ' . " ' � � � •' � : - " � f� . � � � "- � ; ' Presidant_, - • : -. � � _ . " '- �, . . . - , .- . . ' ., ; •�° � - Saint Paul -Area Chamber., o£ Ccmmarc� • - _. � � _ � � - 30Q Osborn� Build3.ng - - ° ' ` � . , ° ' � .. � _ - , - • Saint Pauly Minnosota - SS101 = - � � • _ � , -. � � , � . - , .. . - _ -_ ,Dear Mr. Cummfngss " - _ - : " , _ � . . - , � � � -Enclosed pleaae find 18 -copi he resoluti of the • : - . City of Saint Paul which was ,paased ov �r 15, 1968, by which . - _ the City of Saint Paul accepted.t � aranto ' Agreements for the - - - . - _. • new Ci.vic Center complex, _ ��" `._-• _ ' - - . � � . � -�. - . � = Paragragh E4 of said Gu�r °Agre,ma�nts requires the "` � , � _. • �City to,furnish e�'�ch Guara th a . t��of GuaraJ►tors 'and the face' � �� , � - amount of each Guarantee ra �E5 vides_that the Saint Paul � .' Area Chamber of Com�iere s the ag t�foi� e• Guarantors.. Therefare�. . , . . we are hereby pxovidin o the.Sain Pau1 Area Chamber of Coma�erce, � . � " "aa agents for the Guar tors, the'-1 t of Cuarantors and the face- . - � . ' � �- amount of t,he Guarant . . '- .. . _.� � ; - � . _ _ _ _ ° . � � . t • � � - ' -. - • . Very,triily y�rs, y . , ' ': . � : : . . _ . � e _ , 4 ,` Y . - ' � - �• i- . � �� � � . s ' _ . � ' � � , ' HARRY E. AlARSHALL � - , - - , . •�_ �City Clerk - -- ,' - ` 4 � ' � _ . , � � , a . . - . ' . ' . , . ' ' ' -' � � - _ ._ . . - _ . ,. m � . . _ . � . *• �' , � ' _ ' .- : ' ". , . • ... � _ . - ' . � ' ! . ' • y�' + � � . , � -' . _ _ . � ' . � , ,4- ' � ' ' ' . � ' ' • '_' ` � • � r -:..3 � r '� ' , . . _ ' a , - � '_' ' .� ' ,' Z . _ ` _ -. . - , ' -. ' . _ .. � . �. � - 1� . - _ r ' " ', . " . . ' • � _ ' } . _ � � } � ' � i , . , ' " . i • . . � ' ' Y' X 1 , � • � �� � _ - . - \_ : � , { . 4 _ . - � . . ' � - ' .. _ ' • ^ � , _ , , - S• ` . . . ` �4 . � _ � ,� , ' e w - . �. '. } � - . • tiJ •. �_` _ , _ ' . � � ' �•`Y. . � , . '- : ` - y -t . ' - - - ,. - . . - - . . , .a ° • ' � . r . '-- - _ . - `� ' ' - � . Y _ ' ' . . � � . _ " a _ , ' _ " - _ . ^ -_ = .� R L .` �� _ _ ^ ' .. - '. ��' , _ . _ ' � � - � ` •' � ' Y. _ . - � - � . , 1 _ �l t � ♦ 1 1 ,- � , ' ' + � I ' ' , . ' , � , ' ` � ! � , _ { M1 '' ' ' . _ _ . . _ _ -_- . :I�. . ' � _- i � �S+�Y " . • - f '• - - � ' ' ' • , ' ' • # y` . ; - r+ ' :!s- - � • . � ti . No�er�ber 2V� 296$ _ • - _ �� - � - � - z � -: _ � �_ � � � " - .. - - - _ � - _ , . _ _ � - �_ - `� , . � , . - . . . . , - , gfr, Hazold J. ��ings - ` - _ - : ; ` � . � '_ � - � . , � - P�cesident � _ - ' . � �. ; - ,- _ - . . . ' _ ' � � 5aznt F1u1 11rez Ch�ber of Gors�orc� , " ° - �.: � , ' � - '_ . .- , - •300 Osborn Buildin� . : � � � � �` - �, . ° � . - ' �_� � , _ Saint Paul,`�iinnvs4ta .5S1fl1 - - � � _ ' �_ . ' - - - . . q�ar F4r: G'umm#.ngs: - ; . . _ _ _ .. , , � �- � - _ - __' . � - i ; � . ' _ _ . Enc�psocl ploase find 18,copf o hb resolut3 0� the - - -� � - : _ ' �City of S�int'�aul uh�.ch tiras passod " �'ov � 15, 19Gg, by which 1 - . . � " thQ City of Saint �t�ul accopteci t �ranLo � Agreeraents �os. ,tho-� _ �. ' - � • , � � ne�r Cxvic: Cantar co�p2ex. - `. . `i - - . - =t � , 4 � , ' : Puru�,r�.rh C4 of said Guar' Agreeraents rcr�uires �ho � _ � � ' _ - � - City.to furnisl� 4acti Gpara ` th a St_of Cuaxantors and �Litv face . ; _ ' �- ,. amount of Qach"Guarantee _ }i E �ovides �th�.t the Saint Paul�� - . ° ° Pirca Cf��bcr of Cor�ner s tho a , t.,£or ie'�uarantors. '_There�tire, . : , r_ • �ro axa� herei�3� _prov�ctiit � to the Sain P3u1 Az'o� Chanb�r of Cbruxerce;'- - _ �� . _ _ - , ° as ugents��or tha Gu�r tnrs, -thQ 1 t of fuarantoxs �nc� tho £�Ce � . -� - , - - aaount oF tt�a Guarnntc . . - � _ _ ' r �� _ �- - . -' . -- �. � " , • ' ' , r . ' ,� -• ~ ' - . - _ . -, Vc�ry-truly }rou�s, - _ . . � y_". . y _ ! __ . . .. , � .._ __- , .� . . _ : • . - � ' •• �� ' _ , - _ .� - _ � . � �°; - . ' � .' '. • " - _ ��t��tRx �. �ttu�st�A�r�. - - _ • � - . - _ s; . .- . � - ; ,City Clork ,_ � . _-. - _ .. . . _� - _ + ' - . • , -- - - - - - . , . T' . , . - _- - . ' - - , - _ . „ : � . . , , _ � , - - - � - �' � ' - ' - ' _ . _ r. � - , . ' _ y , - - - . r • . - -_ ' � �. �- . ` {' ' ' . _ =a, -. t ° � � , , '_ , � . - - ' _ � ' _ Y ' 4 � . - t.'_ _ , V •. ' _ � _ ' J � STATE OF MINNESOTA ) � , ) ss. � County of Ramsey . ) ' i ' Albert B. Olson,# being first duly sworn, deposes and says that on the 20th day of November, 1968, he served 18 copies of resolution, I C.F. 2�+0963 upon Mr. Harold J. Cummings, Pres., St..Paul Area Chamber of Coum►erce by del'ivering1personally to: , Saint Paul Area �Cha.mber of Commerce 300 Osborn Building Saint Paul, Minnesota 55101 I - � I Subscribed and sworn to before me this • 20th day of November, 1968. ' ; �• - Notary lic, Ramsey Co , Minnesota � h;�^;1 D. CO�SY t���r.ry f•�' . ,,.,.:�..;, Cr:.�n;;�, Mlnn {• - ..... ..,...,_ . , .,.� 1:... Ft-;, l��/�� .�, � a . � � _ i ' , I � � ! - I i � � a � - I I 1 _ . ' _ { . . t - i � • . 1 � . r . , ' , ,� � . . '' ORIC�AL TO qTY CLERK _ - � , , �CITY OF ST. PAUL couNC�� 2�C��3 ' " � � OFFICE OF TI-�E CiTY CLERK F��E NO. � . COUN IL RESOL TIO —GENERAL FORM PRESENTED BY •�Y�' COMMISSJONE �'✓ DATF ' I ' . I }VHEltEAS, there fias recently been enacted by the State of �iinnesota in Chapter 459, �La�vs 1967, legislation relative to the issuance by the Cifiy of Saint Paul �of Uonds to provide funds to construct, re- construct, remodel and equzp a Civic Center consisting of but not � being limited to the e:�istino auditorium and theatre, the existing . � • arena remodeled to a net•r exhibition hall, concourses, neca arena, and • associated paxking ra�nps sometines liereinaf�er collectively referred to as the Civic Center; arid . . _ {VHEREAS, said l�gislation in Section 1 thereof authorized the issuance and sale by the City of Saint Paul of Three Alillion Dollars . (�3,000,000.00) of general ob�igation bonds and said legislation in Section 2 thereof authorized the issuance and sale by tlie City of additional general oblidation bonds i:n an a�nount not to exceed Ten D�iillion Dollars ($10,000,000.00); and � . � IJHEREAS, Sectiori 3, Subdivision 1 of said legis�ation provides: � � "The city shall have poc�er to neaotiate and to . obtain, and shal•1 obtain, from responsible persons, firms, , • . and corporations�, non-cumulative guarantees in an • • , aggregate amount� not to exceed $150,000 annually for , � , a period of ten years, commencinJ after one year of ' -' � N -'operation of the� arena portion of the civic center, � �� � � - - � �,-�-� � 3 �vhich shall bind� each guarantor respec�ively to pay - '� � U his pro rata share of the annual principal and interest ,,�� � payments necessary upon the bonds authorized by > � ° � section 2 hexeof; to the extent revenues from the � ` o civic center are insufficient for such purpose. Provided, a Q hoiaever, that guarantors' aggregate obligations under . Q�` c°� said non-cumulative annual guarantees of �150,000 �' (for any calendar year) shall be further limited to p> '� � the amount by which income available for debt retirement from all parking and concessions associated wifih the � civic center falls belota $500,000. 'Income available . for- debt retirement, ' with respect to parking facilities, means gross receipts minus all operating, promotional � � � " or cther 'expenses; and ,'Income available for debt ' � COUNCILMEN - � � -''• Adopted by the Council 19— Yeas Nays ' .. � . . � •� ' � • _ . �. � . . • CarLson � � ' - �� 1 . `� . _. ��- Dalglish � - ' Approved 19__ Meredith �� �n �Favor � ' � � , �;•� , . Peterson • __ � � , � Sprafka � ' � � . ._ ,; . .Mayor ; Tedesco -� , Against ' . � � , , , . . • , . Mr. President, Byrne i -, � . " . ' , ', ' . � � ' -- ---- - - - -- - - • - - • ' - ' • • , , , . . • - • �� ss ——----- ----- ----- — — —- —. ' -- — • � , , t _ ' . i . , � ` , - e y � �,d��lJ"i�3 . i ' . I , . � . � . . i Page 2a I • � I � I retirement' with respect to concessions means the earned income xeceived by the city fro;� the concessionaire or if operated by the city means gross receipts minus • all operating, promotional or other expenses; both o£ �,�hich shall be subject to the control of the civic . center cornmission de�ineci herein. . � ' "Guaranteeslshall run from the guarantor to the . city of Saint Paul and shall, upon �their acceptance ' by resolution of �the city council, constizute legal and enforceable obligations of the respective� guarantors in accordance taith �the terms thereof, notwitlistanding any provision of law tahich might other�,rise declare such guarantees to be �ultra vires on the part of the guarantor or the city."; ; � ' • . . ~ ' ao�t,; therefore, be it - �. - - . -- . . _�-.:- � � � ' RESOLVED, that thle City of Saint Paul hereby accepts the agreements from the following guarantors: . • First National Bank of Saint Paul - agreement in'the amount • - . ' �of $25,000.00 annually � . i for a period of ten (10) • ' - � � years; Afinnesota r•iining $ �Sanufacturing Company - agreement in the amount , �of $25,000.00 annually • � for a period of ten (10) years; Noxthwest Airlines, Inc. ' - agreement in the amount �' �of �12,000.00 annually ; for a period of ten (10) � ; years; 'The Saint-�Paul Companies, Inc. - agreement in the amount � �of $12,000.00 annually � � -. for a period of ten (10) ; j►ears; - . � � �-, . . ! . I � � ' ' I . � � � - _ _ - ' - - -- . � • . . t. � . ,, _ . . • • , . �, - �����3 . � . . � � . � , . �; . - �- _ Page 3. • - � . . American National Bank F� Trust Company - agreemen� in the amount ; of $10,000.00 annually . ' for a period of ten (10) . ; years; The Dayton Corporation � - agreement in the amount • . • ; �of $6,000.00 annually - • - for a pexiod of ten (10) years; Buckbee�Niears Company = agreement in the amount ; �of �5,000.00 annually ifor a period of ten (10) years; . . 4 . , Control Data Corporation � - agreement in the amount �o£ �5,000.00 annuaIly . � . . for a period o£ ten (10) .. . . �< -.- . . ._ _ . _ . ... . _ . Years; . _ _ -- � ' � � Donovan Construction Company - agreement in the amount � I of �5,000.00 annually for a period of ten (10) years; Economics Laboratory, Inc.� - agreement in the amount � �o£ $5,000;00 annually ; �or a period of ten (10) • ; years;' ' i Great Northern Rail�oay Company - agxeement in the amount �� , �of �5,000.00 annually for a period of ten (10) . . years; Theo. Hamm Brewing Company - agreement in the amount ! • .of $5,000.00 annually for a period of ten (10) years; � l � . . I • � � I i - i � � � " � . _ + . . - - -- ---� -- � � - - -- -- - �-- --_ - � � � . � � � � � � . . �2����3 . s � � . i Page 4. • I Hoerner-i'daldorf Corporation - agreement in the amount � �of $5,000.00 annually � £or a period of ten (10) � � years; Minnesota• Afutual Life Insurance Company - agreement i.n the amount ! �of �5,000.00 annually for a period of ten (10) ' years; Afurphy b4otor Freight Lines, Inc. - agreement in the amount � �of $5,000.00 annually for•a period of ten (10) . . years; Northern Pacific .Railway Company - agreement inthe amount ; �of �5,000.00 annually � _" for a period of ten (10) . - -- - - _.._ ._ - -- • - - - - - � . .. . - - -� -� -- .Years; _ . _ . - � : :_.___ - • - Northwestern Bell Telephone Company - agreement in the amount ' . �of $5,000.00' annually •-- for a period of ten (10) . years; and Paper Calmenson � Company - agreeraent in the amount � �of $5,000.00 annually . for a period of ten (10) , years; and the proper Ci�y officials are hereby authorized and directed to i execute said agreements and that said agreements shall be £iled with the Comptroller of the City of Saint Paul; be it ,�, . 4 I . ; r, � f`� ^ OjtlGINAL TO CITY CLE�K I � l7„�� J 1.. ' � �, ' - i CITY OF ST. PAUL couNCi� -• -- � ' ' . � , � OFFICE OF THE CITY CLERK FILE NO: , COUNCIL RESOLUTION—GENERAL FORM . PRESENTED BY COMMISSIONER , DATF I • I Page 5, , . I . i FURTHER RESOLVED, tliat a copy of this resolution be sent to each of the above named guarantors by the City Clerk. i � . . � fi � � . , � � I � , . � � i � � . . � � , . . � � � _ , i � � � � - , . � F�l,f'��� `� �� ���� - COUNCILMEN � I Adopted by the Councit� 19— Yeas NaYs i � i�;��#r �� „ �j�� CarLson � , Dalglish Approved 19__ Meredith � n Favor ..,. Peterson ' �" Sprafka � '� � Mayor A gainst � �edesco�. I Mr. President, Byrne � i i I � � j , �� �