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204769 Council Flle No. 204789 — g �he I � ' � • WHEREAS, The Council of the�City p /� � ORIGINAL T�CITY CLERK .. • ' �Saint Paul, p�suant to Chapter 6H5, ta� ' �Q��'�V � .• ` ` , CITY O��Samended SbY1 Chapter�4ss t�Session bQE NCIL NO. F �;_ � • OFFICE OF � . �i - �� COUNC RESOLU' ,. -„ � � _, ,_�.��, �._, � � ' �neFi:�bn .qj:_i�cu r.�r •�ilt��:Ic�,�""�* �PRESEN3Eb`BY .4��, �COMMISSIONER _ ..T,��r� „ �� . �� ;; WFiEREAS, the Council of the City of Saint Paul, � �� pursuant to Chapter 685, Session La.ws of Minnesota for 1957, �,. as amended by Chapter �+95, Session La.ws of Nlinnesota for 1961, �` and further pursuant to Ordinance No. 12057, adopted by the Council and approved by the Mayor September 27, 1961, did by : �Resolution, C;:F. ' 20�219, approved October 5, 1961, authorize : the issua.nce and sale by said City o"f Saint Paul of $400,000 par � value of the bonds of said City authorized to be iss�zed and sold • by said City for the purpose of payment on account of said City�s �j share of the cost and expense of flood control in said City and ��. for the purpose of matcl�g funds allocated by the United States A: Government for that purpose, said bonds being designated "City �� of Saint Paul Flood Control Bonds"; and , � WHEREAS, Chapter �+75, Minnesota Statutes 1957,, as ► amended, provides that the governing body of any municipality �� issui.ng 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 �t said law also provides that the tax levies for a11 years shall be specified and such that if collected in full they, together with �� estimated colle�tions of special assessments and other revenues � pledged for the payment of said obligations, will produce at lea�t ; five per cent (5�) in excess of the amounts needed to meet, when due, �� the principal and,.interest payments on the obl3.gations, and said law further provides that said resoltztion shall create a separate sinking �� fund, or a special account in the municipality's regular sinking �F fund, for each issue of obligations, and sha11 irrevocably appropriate x the taxes so levied and any special assessments or other, revenue so � pledged to that fund or account; �now, therefore, be it h �: � RESOLVED, That for the purpose of providin for the �� payment of the principal and interest upon the said ��00,000 in bonds so issued and sold, when and as the same matur�, ax�d � for an additional direct tax in an amount of not less than five �� per cent (5�) in excess of the sum required to pay such principal �� - - f , �. �� i - � COUNCILMEN Adopted by the Council 19— �` �Yeas Nays � DeCourcy �� Holland,� Approved 19— ,�� Loss'� .I Tn Favor , ? Mortinson � Peterson , Mayor �� R,osen A gainst J! Mr. President, Vavoulis , ` 9� sM G-(il' �� 1 � �: � �: ,. �, - t � �U''��4� F ` � 4 � p ' �� ' ' � �k � F - � � and interest when �e same ma.ture, there is herby levied on all � of the taxable property in the City of Saint Paul, in addition � to aTl other taxes, a tax for the payment of said $�+00,000 of t bonds, the following direct aruzual irrevocable taxes, to-wit: ► , ` - , . - - - . .,�_ ' ` � - r� � { i. i � • S . � T�$ �C'i'QTJIRED BY . cx��x WT5, r�a��s ' � 4 OF P�iINNESOTA, 1957; gs ��n � 5� z� �� EXCESS OF PRINCIPA�L TOT9L �I BUDGET TAX F08 � �pR Ai�ID I TAX ��YEAR PRINCIPAI, I��g�S� INTEREST PAYABLE �1g62 1.3i6op 680.00 1�,280.00 �,i963 13�600 6so.00 ' 14,280,00 �,i964. 10,o0o a.3,6ao i,180.oo z4,780.o0 ��a.96� lo,000 �3,260 �.,Z63.00 2�,423.00 i1966 lo,000 12�92o i,i�6.00 z4�,o66.ao �ki967 �o,000 12,580 1,i29.00 � 23�?09.00 '1968 �.a,o00 �.zy 2�0 1,1i2.o0 23.352.oa � 1969 - 10,00d 11,900 1,095•00 22.99S•oo �. �!1�7n---- io,oao i�y 56a 1,a78.00 , 2z,63s.o0 r1971 io,000 11,220 1�061.0o z2,281.00 I1972 � lo,o00 7.0,sso �i,o�r.oo zi,9z�.o0 !1973 10,000 10,5�!0 1,027.00 21,567.00 ��,1974 io,00a lo,zoo i,,olo�o0 2i,2io.00 � �.975 la,00a 9,860 993.00 20,853.oa !��976 15,00o g,52o 1,226.00, 25�7�d,00 �'1977 15.000 9,oio i,zoo.5o 25,2io.5o �i978 is,000 8�5aa i,i75.00 z4,675.00 ;!1979 i5,000 7�990 1,.1�9•5a 2��139•So ,I198o 15,000 , 7,4$o i,124.oa z3,6o�r.00 �'igsi i5,000 6�97o i,a98.5o 23,068.50 1�1982 15�000 6i4�0 1�073•00 �2a�33•00 �'�1983 15�ooa 5�950 1,a4�.5o 21,997.5a ��19s� 20,aoo 5,�rya i,z72.o0 26,7�'.00 + 1985 20,000 4,76a 1,238.00 � 25�998•ao j�19s6 za,000 4,08o i,zo4,00 �� z5,2s�r.00 3;i987 zo,000 3,4�0o i,17o.00 � 2�,570.00 ; i9ss , zo,000 2,7zo �.,136.00 23�856.00 � ;f19s9 � 20.000 2,o4a i,io2.ao 23,�►�i.vo ' 1990 2o,aoo i,�do i,o6s.00 ' 22.�28.00 � ��1991 2d,000 680 l,03�.00 � 21,714�.00 + ' - ',, . . �. -- �F .2 �� p It � i �; � � - �04��9 �� ORIGIN�A4?O CITY CLERK V , CITY OF ST. PAUL FOENCIL NO. �° � . OFFICE OF THE CITY CLERK �� . �. COUNCIL RESOLUTION—GENERAL FORM i PRESENTED BY , � �#COMMISSIONER DATE �� 3 �; be it � � FURTHER RESOLVED That in the event an i , y principal , and in'�erest come due prior to the reeeipt 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 �� reimbursement therefor shall be made when said taxes sha11 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 ' instruc'ted to file in the office of the County Auditor of �t Ramsey County a ,certified copy of this resolution, together �; with full information regarding the bonda for which this ta.x �� 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 �+75, Minnesota Statutes 1957, as E a,mended, and that the tax levy required for the purpose�has � - �� beem made; be it � � _ " - . ,� � � . __ � __ FURTHER RESOL�TED, That before the- said borids sha11 r � � 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 �75, Minnesota Statutes 1957, as amended; �i be it �s FURTHER RESOLVED, 2hat such taxes shall be collected 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. � , � COUNCILMEN Adopted by the Council �OV �4 '9�� 19— f � Yeas Nays ��V � � �� DeCourcy �j j� Holland Approved 19_ i �: L083 < , �; n Favor , �► Mortinson �� Peterson � Mayor � R,osen gainst Mr. President, Vavoulis �?tJ$LISI��+' �I $� �� Sn, o-�� r t ,i �� , - , ._ - . � , .. � �� 6 � �� - �- " �, �} CERTIFICATION AS T�D TAX LEVY i ! STATE OF bINNESOTA (� p� �GISTRY OF BOAIDS UPON � jF OOUNTY�OF RAMSEY ) 00[1NfY AUDIT�OR'S BOND &EGISTER � �� , � 'f �', _� �E , I, the uadersigned, being thQ duly qualified ar�d acting County �� Auditor, of Ramsey Couaty, do hereby certify that there was filed in my �� office on the 15th day of NovembQr, 1961, a certified copy of Council � ; File No. 204769 adopted November 14� 1961, by the City Council of the � City of Saint Pavl levying taxes for $400,000.00 City of Saint Pat�l � � r � Flood Control Bonds, dated October 1, 1961, as the same fall due ar�d, to I . 4 pay and discharge the principal and interest thereof at maturity. , i I € It is further certified that purst�ant to Section 475.63 Minnesota �� 1� Statutes Annotated that said bond issue has been entered and registered , � upon the County Auditor's bond register File No. 365 and that such tax � j� for the payment thereof has been levied as required by law. �� : WITNESS, my hand and official s�al this 16th day of November, 1961. f t r J � t r - � EUGENE �ONICK, County Auditor , � 1� � f# � � I �G � . � � . ` �Entered i� Bond Register this ! � 16th day of November, 1961 � � ` � FIL€D � 4 F , , � �k L � r�� Ok� 16 {��I 3 14 � : � � ' CITY CL�fjw'; 0;`, ,,� � � ' SAl�dl' PA�1L. #�f�N. � B �F