06-147Council File # Q� � �
Green Sheet # 3029590
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presented by
GNING PRELIMINARY APPROVAL
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FOR Tf�
ISSUANCE OF BONDS
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BE TT RESOLVED, by the Council of the City of Saint Paul, Minnesota, that the Director of the
Office of Financial Services, Treasurer and other appropriate City off'icials and staff aze 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 financial
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:
$11,000,000 General Obligation Capital Improvement Bonds
$12,500,000 General Obligation Street Improvement Special Assessment Bonds
$ 6,300,000 Sewer Revenue Bonds.
Such refundings and advance refundings as produce sufficient savings to justify the issuance of
refunding bonds.
Benanav
Bostrom
Harris
Helgen
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Thune � � � ✓ � Form Approved by City Attorne
Adopted by Council: Date �� By� �/cs(� `d ) - � �
Adoption Certified by Council Secretary
By; � �� Form pp v by ayor for S ab/��� ion �to Counc�il
Approved y Date� Z— -(X BY: '-tizCi�-�--�
By:
� Green Sheet Green Sheet Green Sheef Green Sheet Green Sheet Green Sheet �
0�- ly��
FS — Financiat Services
Contact Person 8 Phone:
Todd HuAey
2G6-8837
musi �se on council Agenda by
'I5-FEB-06
ContractType:
RE-RESOLUTION
ObFEB-06
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Assign
Number
For
Routing
Order
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Green Sheet NO: 3029590
inantial rvi
inan 'al e a ent 'rec �—
i Attorne ,r�5 ' y�
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a'or's ffice Ma or/Assistant
ouncil
' Clerk ' Clerk
Total # of Signature Pages _(Clip All Locations for Signature)
Action Requested:
Signatures requested on the attached resoluaon granting preliminary approval for the issuance of bonds.
itlatlons: Appro�e (A) or F
Planning Commission
CIB Committee
Ciul Ser,ice Commission
(R):
Service Contracts Must Answer
i. Has this person/firtn e�er worked uMer a contract for this department?
Yes No
2. Has this person/firtn e�er been a city employee?
Yes No
3. Does this persoNfirtn possess a skill not normally possessed by any
curtent city employee?
Yes No
Explain all yes answers on separete sheet and attach to green sheet
Inkiating Problem, lssues, Opporfunity (Who, What, When, Where, Why):
Approval is required for the appropriate ciry officials to proceed with preliminary actions for the issuance of bonds.
AdvanWges IfApproved:
The bond sale procedures may begin.
DisadvanWges If Approvetl:
None
DisadvanWges If Not Approved:
The bond sale procedures may not begin.
•vw� �V IILV!
Transaction:
Fundinq Source:
Fin ancial Infortnation:
(Expiain)
CostlRevenue Budgeted:
Activity Number:
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February 1, 2006 4:04 PM Page 1