201904ORIGINAL TO CITY CLERK / 201
CITY OF ST. PAUL c 904
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` OFFICE OF THE CITY CLERK
- -• ' Council File No. 201904 —By Milton
NCIL R SOLUTION — GENERAL FORM Whereas, yIteappears that in several
/ cases in the past, the City has acquired,
PRESENTED BYr�
privately-owned fvarius reeta openings or public
COMMISSIONE DAT improvements and in certain instances
these acquisitions were made consid-
erably in advance of the actual con-
struction of the contemplated improve -
-+?Pn_t: and
The City has certain of
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^tvtiLne
WHEREAS, it appears that in several- cases in--,t;a
past, the City has acquired privately -owned lands for the
purposes of various street openings or public improvements
and in certain instances these acquisitions were made con
siderably in advance of the actual construction of the con-
templated improvement; and,
WHEREAS, the City has certain of these properties
at the present time and will acquire others in the future;
and
WHEREAS, it appears further that certain of these
properties could be rented for limited periods of time prior
to the commencement of the use for which they we3m acquired,
the City thereby deriving revenue therefrom; and
WHEREAS,-the Comptroller has suggested that, where
appropriate, such properties acquired by the City be devoted
to the production of revenue for the City and that an appro-
priate fund be set up for the purpose of depositing the
rentals collected therefrom and against which expenditures
in connection. therewith could be charged, now, therefore, be it
RESOLVED, by the Council of the City of Saint Paul
that the Comptroller set up 'a special fund to be known as the
Rental Properties Operating Fund, code 1045, procedures with
respect thereto to be under the supervision of the Valuation
Bureau 6B the Department of Finance, all receipts and rentals
derived by the City to be deposited in said fund, and any
charges or operating expenses in connection therewith to be
paid out of such f und,
By
COUNCILMEN Adopted by the Colm 2 1 19—
Yeas Nays
DCcy our
e
—D eour Approve IRAPY 2 19—
Loss In Favor
r1-;n cg
Peterson Mayor
Mr Rosen Against 14(�
ISM 5.60 OSW 2