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215597w ORIGINAL TO CITY CLERK CITY OF ST. PAUL,'. 'raLISBEI) ��� OFFICE OF THEcCITY-CLERK / GUO RESOLUTION — GENERAL FORM PRESENTED BY COMMISSION COUNCIL NO.�� FFILE r 'ouncil File No. 215597 —By George T. Vavoulis, Mayor, by request - WMrsAS, Thc- Council of the City of Itnt lea . ,, pur<< °.nt to the provisions Ord• ,r *' - 1 ,75.' `1 opted by t!-.e the P'. d h: ,. WHEREAS, the Council of the City of Saint Paul, pursuant to the provisions of Ordinance No. 11575, adopted by the Council and approved by the Mayor October 1, 19599 and ratified by the electors of the City of Saint Paul at an election held November 3, 19599 did by Resolution C. F. No. 215229, approved October 24, 1963, authorize the is- suance and sale by said City of Saint Paul of $59000,000 par value of the bonds of said City authorized to be is- sued and sold by said City under and by virtue of said Ordinance No. 11575, for the procurement by said City of additional funds in the sum f" of $5,000,000, necessary for the purpose of accomplishing several essential parts of the improvement purposes for which such bonds, as afore- said, were authorized to be issued and sold, to -wit: "For the purpose of acquiring school sites and grounds, and constructing and equipping of new school buildings and additions to existing school buildings, and for the purpose of re- construction, repair, betterment, remodeling and equipping of existing school buildings." said bonds being designated. as "City of Saint Paul School Improvement Bonds, Series 1963D11; and M 4 WHEREAS9�Chapter 4.75, Minnesota Statutes, 1961, as amended, provides that the governing body of any muni- cipality issuing general obligations shall, prior to the delivery of the obligations, levy by resolution a direct general ad valorem tax upon all taxable property in the municipality,to be spread upon the tax rolls for each year of the term of the obligations, and said law also provides that the tax levies for all years shall be speci- fied and such that if collected in full they, together with estimated collections of special assessments and other reve- nues pledged for the payment of said obligations, will pro - duce at least five per cent (5 %) in excess of the amounts COUNCILMEN Yeas Nays Dalghsh Holland Loss Mortinson Peterson Rosen Mr. President, Vavoulis 10M 8-02 In Favor Against Adopted by the 1 Council 19— Approved_ 19_ Mayor 2155o - 2 - needed to meet, when due, the principal and interest payments on the obligations, and said law further provides that said resolution shall create a separate sinking fund, or a special account in the municipality's regular sinking fund, for each issue of obligations, and shall irrevocably appropriate the taxes so'.levied and any special assessments or other revenue so pledgedtb.ILV,- fund or account; now, therefore, be it RESOLVED, that for the purpose of providing for the payment of the principal and interest upon the said $590009000 in bonds so-issued and sold, when and as the same mature, and for an additional direct tax in an amount not less than 5% in excess of the sum required to-pay such principal and interest when the same mature, there is hereby levied on all of the taxable property in the City of Saint Paul, in addition to all other taxes, a.tax for the payment of said $5,000,000 of bonds, the following di- rect annual irrevocable taxes, to -wit: TAX REQUIRED BY CHAPTER 475, LAWS OF MINNESOTA., 1957, AS AMENDED IN EXCESS BUDGET TAX FOR TAX FOR OFI TOTAL YEAR PRINCIPAL INTEREST PRINCIPAL AND INTEREST 'PAX 1964 165,,000.00 8,.250.00 174,250.00 1965 1652000.00 82250.00 173,250.00 1966 1001000.00 165,000.00 13,250.00 2782250.00 1967 1200000.00 161,700.00- 14,085.00 295,785.00 1968 1'20,000.00 157,740.00 13,887.00 2911,627.00 1969 120,000.00 153,780.00 13,689.00 287,469.00 1970 120,000.00. 1492820.00 13,491.00 283,,311.00 1971 130 #000.00 145,860.00 13,793.00 289,653.00 1972 1302000.00, 141,570.00 13 ,78.50 - 285,148.50 1973 140,000.00 1370280.00 13,864.00 • 2912144.00 1974 140,000.00 1322660.00 132633.00 2862293.00 1975 150,000.00 128,040.00 13,902.00 291,942.00 1976 150 ,000.00 123,090.00 13,654.50, 286,744.50 1977 160,000.00 1180140.00 13,907.00 292;047.00 1978 160,000.00 112,860.00 13;643..00 2860503,00 1979 160,000.00 107,580.00 13,379.00 280,959.00 1980 160.0000.00 102,300..00 13,115.00 275,4 15.00 1981 180,000.00 97,020.00 132851.00 290071.00 1982 180,000..00 912080.00 132554.00 284,634.00 1983 1802000.00 85 ;140..00 13,257.00 278,397.00, 1984 210P,000.00 '7 9, 200.00 14 0460.00, 303,660.00- 1985 210,000.00 72,,270.00 140113.50 296,383.50 ,.- 1986 220,000.00 .,650340.00 14,267.00' 299,607.00 -- 1987 220 x000.00 58,080.00 13,904.00 291, 984.00 1988 240,000.00 50020.00 14,541.00 305,361.00 1989 240,000.00 4211900.00 14,145,00 297,045.00 1990 260,000.00 340980.00 14,749.00 3092729.00 1991 2.60,000.00 26,400.00 14,320.00 300,720.00 1992 2701,000.00 17,820.00 141391.00 30231-211.00, 1993• 270,000.00 81%-910,00 13,945.50 292,855.50 52000,000.00 3,097,380.00• 404,869.00 82502,249.00 be it 121v15.5,97 - 4 FURTHER RESOLVED, that in the event any principal and interest come due prior to the receipt of the proceeds of said taxes, it shall be paid promptly when due, out of the general fund of the said City of Saint Paul, and re- imbursement therefor shall be made when said taxes shall have been received; be it FURTHER RESOLVED, that there shall be created a separate sinking fund, or a special account in the sinking fund, for said obligations and that the taxes received for the payment thereof are hereby irrevocably appropriated to said account, and that the City Clerk be and is hereby instructed to file in the office of the County Auditor of Ramsey County, a certified copy of this: resolution, together with full information regarding the bonds for which this tax is levied, and the City Clerk is hereby ordered and directed to secure from the County Auditor a certificate that he has entered the obligations in the tax register as required under the provisions of Chapter 475, Minnesota Statutes 1961, as amended, and that the tax levy required for the purpose has been made; be it FURTHER RESOLVED, that before the said bonds—shall be delivered to,the purchaser,'-'the Council of the City of Saint Paul shall obtain from the County Auditor and deliver to the purchaser a certificate of the County Auditor that the issue has been entered on his register and that a tax has,been levied as required by law, in accordance with the provisions of Chapter 475, Minnesota Statutes 1961, as amended; be it ORIGINAL TQ CITY CLERK CITY OF ST. PAUL COUNCIL NO. a4 O OFFICE OF THE CITY CLERK COUNCIL RESOLUTION — GENERAL FORM PRESENTED BY COMMISSIONER DATE — 5 — FURTHER RESOLVED, that such taxes shall be col- lected and payment thereof enforced at the same time--and- with and in like manner as other taxes of the City of Saint Paul, and when collected shall be used solely for paying the interest and principal of said bonds when and as the same shall mature. 0 'ROV261963 COUNCILMEN Adopted by the Council 19— Yeas Nays V 2 6 1963 Holland Approved 19— Loss In Favor ` Mortinson ` Peterson Mayor Against Rosen Mr. President, Vavoulis loot 6-62 November 293, 1963 a American National Beak American National. Beak Bldg. St. Paul li Minnesota Gentlemen: er, Vice Press Mun Bdnd Depto' Enclosed are certificates of- pe A. ckp ey County Auditor, to the effect that he has le a taxes to ovide for the payment of k Principal and interest on the descri in the certificates. Very truly,°• yours, City Clerk, - j STATE OF MINNESOTA ) COUNTY OF RAMSEY ) (SS CERTIFICATION AS TO TAX LEVY AND RBGISTRY OF BONDS UPON COUNTY AUDITORsS BOND REGISTER 19 the undersigned, being the duly qualified and acting County Auditors of Ramsey County, do hereby certify that there was filed in my office on the 27th day of November, 19639 a certified copy of Council File No. 215597 adopted November 26, 19639 by the City Council of the City of Saint Paul levying taxes for $59000,000.00 City of Saint Paul School Improvement Bonds, Series 19630, dated November 1, 19639 as the same fall due and to pay and discharge the principal and interest thereof at maturity. It is further certified that pursuant to Section 475.63,Minnesota Statutes Annotated that said bond issue has been entered and registered upon the County Auditorts bond register File no. 431 and that such tax for the payment thereof has been levied as required by law. WITNESS, my hand and official seal this 27th day of November, 19639 Entered in Bond Regi6ter this 27th day of November, 1963 EUG MONICK, County Auditor FILED 963 [JOV 29 Are 8 411 CITE" CLERK'S' Of r ci;C•. SAINT rAU,- WNH INSTRUCTIONS TO DELIVERING EMPLOYEE ElDeliver ONLY to Show address where addressee delivered. (.Additional charges required for these services) RECEIPT Received the numbered article described on other side. SIGt{�TJJRE OR NAME OF ADDRESSEE (must always be filled in) lt��SAT,MPLAiULH111. M u a10NAL BANK SIGNATURE OF ADDRESSEE'S AGENT, I DATE DELIVERED I SHOW WHERE DELIVERED (only if requested) DEC C55 -16- 7154E-5 -F GPO