08-35Council File # g , 35
Green Sheet # 3047914
RESOLUTION
OF SA1NT PAUL, MfNNESOTA
Presented by
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2
10
11
12
13
GIVING PRELIMINARY APPROVAL TO THE
ISSUANCE OF BONDS (the "City of Saint Pau12008 Winter Bond Sale")
BE IT RESOLVED by the Council of the City of Saint Paul, Minnesota, that the
Director, Office of Financial Services, Treasure, City Debt Manager and other appropriate City
officials and staff are hereby authorized and directed to proceed with preliminary actions for the
issuance of the bonds identified on the attached "City of Saint Pau12008 Winter Bonds Sale"
sheet (see Exhibit A), and such other current and advance refundings as produce savings
sufficient to justify their issuance, in the approximate amounts set forth there, in conjunction
with Springsted Incorporated as financial consultant and Briggs and Morgan, Professional
Association, as bond counsel, and in connection therewith to prepare Official Statements and
such other documents as may be necessary for further approval of this City Council.
Yeas Nays Absent
Bostrom �
Cartex �
Harris �
Helgen �
Requested by Depax en o
� 1/�(tn.i �iH 4 S
By: �
Appioved b the , inanci Services
By: �
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� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
l�0'��
FS —FinancialServicu
ConWCt Person 8 Phone:
Bob Geure
266-8837
Must Be on Council A9end��
09-JAN-08
Doc.Type: RESOLUTION
'I E-Document Required; N
Document Contact:
Contact Phone:
31-DEG07
Green Sheet NO:, 3047914
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Assign 1
Number 2
For
Routing 3
Order q
5
v a or's Office Ma or/ASSistant
ouncil
i � eLk Ci Clerk
Totat # of Signature Pages �(C��P A�� Locations for Signature)
Action Requested:
Resolurion giving preliminary approval for City of St. Paul Winter Bond Sale.
dations: Approve (H) or ne�ec� �n�. --- -
Planning Commission 1. Has thls persoNfrrm ever worked under a contract for this department?
CIB Committee Yes No
Civil Service Commission 2. Has this person/firm ever been a city employee?
Yes No
3. Does this person/frm possess a skiil not normally possessed by any
current city empioyee?
Yes No
Explain a1I yes answers o¢ separate sheet and attach to green sheet
Initiating Problem, Issues, Opportunity (Who, What, When, Where, Why):
Annual pxeliminary approval for Winter Bond Sale for CIB, Street, Refunding and Public Safety Bonds.
Advantages If Approved:
Staff will retum on Feb 13 for awazd of competitive Bids for W inter Bond Sale.
Disadvantages if Approved:
None knovm.
�isadvantages If Not Approved: �
Will not be able to implement debt issuance directed by 2008 City Budget.
Trensaction:
Funding Source:
Fi nan Gial 1 nformation:
(Explain)
CostlRevenue Budgeted:
Activity Number:
December 31, 2007 11:07 AM Page 1
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