207736Original to City Clerk, ?
�:)uncll File No. 207738— Ordinance No.
12228 —By James J. Dalglish-
4 R D I N -.;. 1 ordinance , n 11 eFllegNor 20678c0,,
titled:
e• t 'An ordinance providing therF#, _i
�! �8AtL� 171ng the issuance ant)
of Sa'7nt Paul
PRESENYED BY 3r tatai. f. ;iYa�
J ,
NO.
NO.—
�/AN ORDINANCE AMENDING ORDINANCE NO. 12188, COUNCIL
FILE NO. 206780, ENTITLED:
"AN ORDINANCE PROVIDING THEREFOR AND AUTHORIZING
THE ISSUANCE AND SALE BY THE CITY OF SAINT PAUL, OF
BONDS OF SAID CITY OF SAINT PAUL IN THE AGGREGATE
PAR VALUE AMOUNT OF $1,485,000.00, AUTHORIZED BY
CHAPTER 543, SESSION LAWS OF MINNESOTA FOR 1961,
FOR THE PROCUREMENT BY SAID CITY OF SAINT PAUL OF
THE NECESSARY FUNDS IN THE AMOUNT OF $1,485,000.00,
FOR PAYMENT BY SAID CITY OF SAINT PAUL OF COSTS
AND EXPENSES FOR THE CONSTRUCTION BY AND WITHIN SAID
CITY OF SAINT PAUL OF STORM WATER RELIEF.,SEWERS
TO PROVIDE NECESSARY STORM WATER DRAINAGE FOR CER-
TAIN AREAS OF SAID CITY OF SAINT PAUL, AND THE CON-
TIGUOUS CITY OF WEST SAINT PAUL, UNDER AND PURSUANT
TO THAT CERTAIN PERTINENT AGREEMENT BY AND BETWEEN
SAID CITY OF-SAINT PAUL AND SAID CITY OF WEST SAINT
PAUL, AUTHORIZED BY SAID CHAPTER 543, SESSION LAWS
OF MINNESOTA FOR 1961, DATED THE 8TH DAY OF NOVEMBER,
1961, WHEREUNDER AND WHEREBY SAID CITY OF SAINT PAUL
AGREED TO UNDERTAKE THE CONSTRUCTION OF SUCH STORM
WATER RELIEF SEWERS AND TO PAY THE TOTAL COST THERE-
FOR SUBJECT TO REIMBURSEMENT THEREBY, PROVIDED TO
BE MADE TO SAID CITY OF SAINT PAUL BY SAID CITY OF
WEST SAINT PAUL FOR THE PROPORTIONATE SHARE OF
SUCH COSTS AND EXPENSES OF SUCH STORM WATER RELIEF
SEWERS AND THE SUBJECT CONSTRUCTION PROJECT EMBRAC-
ING THE SAME AND THEREBY ALLOCATED TO AND PROVIDED
TO BE BORNE BY SAID CITY OF WEST SAINT PAUL, ALL IN
ACCORDANCE WITH THE PROVISIONS, TERMS AND CONDITIONS
OF SAID CHAPTER 543, SESSION LAWS OF MINNESOTA FOR
1961. THIS IS AN EMERGENCY ORDINANCE RENDERED NECES-
SARY FOR THE PRESERVATION OF THE PUBLIC PEACE, HEALTH,
AND SAFETY." APPROVED MAY 15, 1962. THIS IS AN
EMERGENCY4RDINANCE RENDERED NECESSARY FOR THE PRESER-
VATION OF THE PUBLIC PEACE, HEALTH, AND SAFETY.
THE COUNCIL OF THE CITY OF SAINT,PAUL DOES ORDAIN:
Section 1. That Ordinance No. 12188, Council File
No. 206780, approved May 15, 1962, hereby is amended in the
following particulars, to -wit:
That the following language "in the Sinking Fund of
said City or" of the third sentence of Section 2 of said
Ordinance hereby is stricken from the same.
That Section 4 of said Ordinance hereby is amended
so that the same shall read as follows:
Yeas Councilmen Nays
DeCourcy
Holland
Loss
Mortinson
Peterson
Rosen
Mr. President (Vavoulis)
Attest:
City Clerk
1M 11-81 22
Passed by the Council
Approved:
Mayor
Tn Favor
Against
207736
- 2 -
10:RI
"SECTION 4
"That said City's proper officers hereby are
authorized, directed and required to set aside �-
annually from the revenues of said City an amount
sufficient for the payment of the interest on said
hereby authorized bonds and the principal of any
such bonds'maturing in such year and hereby are
authorized, directed and required to make a suf-
ficient tax levy for the payment of the same under
and pursuant to the provisions of Chapter 475,
Minnesota Statutes 1957, as amended. That such
tax levies for all years shall be specified and
shall be such that if collected in full they, to-
gether with estimated collections of other revenues
pledged for the payment of said obligations, will
produce at least five per cent (5 %)-in excess of
the amount needed to meet, when due, the principal
and interest payments on said bonds. That each
such tax levy shall be by resolution of the Council
of said City; which shall, among other things, ir-
revocably appropriate the taxes thereby levied to
the Sinking Fund or a Special Fund of said City
for payment, when due, of the principal and interest
of said bonds. In the event that the proceeds of
any of such bonds are applied to the payment of costs
of the aforesaid Storm Water Relief'Sewer Construction
Project allocable to and to be borne by the City of
West Saint Paul, pursuant to the aforesaid Agreement
dated the 8th day of November,-1961, and are not_ap-
plied solely to the payment of`the proportionate share
of such costs to be borne by the City of Saint Paul,
the aforesaid resolution or resolutions of said
Council providing for the aforesaid tax levy, in addi-
tion to irrevocably appropriating as aforesaid the
taxes thereby levied, shall also irrevocably'appropriate
to the aforesaid Sinking Fund or Special Fund, for pay-
ment, when due, of the principal and interest of such
bonds, the estimated collections of other revenues in
the nature of reimbursements or repayments to said City
of Saint Paul, by the said City of West Saint Paul,
pursuant to the aforesaid Agreement, on account of the
latter's proportionate share of such costs defrayed by
the proceeds of such bonds. That all money repaid to
said City of Saint Paul by said City of West Saint Paul,
as and for reimbursements or repayments to the City of
Saint Paul on account of the application by the latter
of proceeds of such bonds to the payment of such costs
allocable to the City of West Saint Paul under and pur-
suant to said written Agreement by and between them shall be
placed by said City of Saint Paul in said Sinking Fund or in such
Original to City Clerk
A
---ORDINANCE 207736
PRESENTED BY
COUNCIL FILE NO.
ORDINANCE NO.
— 3 —
Si�ecial-Fund and shall be used by said City of Saint
Paul solely to reduce by an equivalent-amount the tax
levy for the payment of principal and interest on
such authorized'bouds of said City of Saint Paul,
made pursuant to Minnesota Statutes 1957, Section
475.61 or Section 475.64, as amended. That such pro-
visions of this Section are in addition to the pledge
of the full faith and credit of said City for the
payment of said bonds and are not in lieu of such
pledge. That any payments heretofore made or here-
after to be made by the City of West Saint Paul to
the City of Saint Paul under the aforesaid written
agreement which constitute direct payments or contri-
butions by the former on account of its allocable share
of said costs of the aforesaid project and which do
not constitute payments by it to the City of Saint
Paul on account of the application by the latter of
any proceeds of bonds issued by it to such costs
otherwise allocable to the City of West Saint Paul
shall not be deemed to be repayments or reimburse-
ments within the meaning of this section and the
tax levy hereinbefore provided for shall not be re-
duced by reason of such direct payments or contri-
butions by the City of West Saint Paul. That a duly
certified copy of said written agreement, by and be-
tween said City of Saint Paul and said City of West
Saint Paul is filed herewith in the office of the City
Clerk of said City of Saint Paul and the same hereby
is incorporated herein by reference with the same
intent, purpose, and effect as if said written
agreement was set forth herein verbatim."
Section 2. This ordinance is hereby declared
to be an emergency ordinance rendered necessary for the
preservation of the public peace, health and safety.
Section 3. This ordinance shall take effect
and be in force upon its passage, approval and publication.
Yeas -,Councilmen ays
• "Holla� n
Loss /
Mortinson V
Peterson
Rosen
T&. President (Vavoulis)
Attest: /'1 �
(/�C�s Lo� �/,
City Clerk
IM 11-61 22
Passed by the Council
JUL 5
In Favor
Against
Jul. 5
NZ
Approved•
%&,,t e�' _
Mayor
1s 2n
'Laid over to
3rd and app dopte
Yeas Nays Yeas Nays
Dalglish Dalglish
Holland Holland
Loss .Loss
Mortinson Mortinson
Peterson Peterson
Rosen Rosen.
Mr. President Vavonlis
-
�L -�