197669Coufcil File No. 197669 —By Bernard
R CLGR T. Holland, by request —
o
St• INAL TO CITY T K A Whereas, The Council of the City d�
CITY OF ST. PA of Saint Paul, pursuant Ito the pro-
visions -
by the Council and approved, d, bypthe
OFFICE OF THE CI Mayor September 9, 1953, and ratified
• % COU IL RESOL TIO —GENF> '`�' f the�City of Saint,
PRESENTED BY
COMMISSIONE A
WHEREAS, the Council of the -City of Saint'Paul, pursuant to
the provisions of Ordinance No. 10135, adopted by the Council and approved
by the Mayor September 9, 1953, and ratified by the electors of the City of
Saint Paul at an election held November 3, 1953, did, by Resolution C. F.
No. 196922, approved April 29, 1960, authorize the issuance and sale by
said-City of Saint Paul of $1,138,000 par value of the bonds of said City
authorized to be issued and sold by said City for the procurement by said
City of .additional funds in the amount of $1,138,000 necessary for general
improvement purposes contemplated by said ordinance, said bonds being
designated "City of Saint Paul General Improvement Bonds, Series No. 811;
and
J
WiEREAS, Chapter 475, Minnesota Statutes 1957, as amended, provides
that the governing boar of any municipality 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 a r
ll yeas shall be specified
and such that if collected in full they, together with estimated collections
of special-assessments and other revenues pledged °for the payment -of said
ubligations, will produce at least five per cent (5 %) in excess. -6f the amounts
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 pledged to that fund
or account; now, therefore, be it
RESOLVED, that r6 ii,-The. pui;pobe 6f pi-dVidl ig for tie P#ment of
the principal and-interest upon the said $1,138,000 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-sPme 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 $1,138,000 of bonds, the following direct annual
irrevocable taxes, t6--wit:
COUNCILMEN Adopted by the Council 19—
Yeas Nays
DeCourcy
Holland Approved 19—
Loss In Favor +
Mortinson
Peterson Mayor
Against
Rosen
Mr. President, Vavoulis
5M 5 -60 Qy 2
�i�7 X11
a" b
BUDGET
TAX FOR TAX FOR
TAX MqUIRED BY
CHAPTER 4759
MINNESOTA STATUTES
1957, AS AMENDED,
5% THERFAF AND IN
EXCESS 6F PRINCIPAL TOTAL
1960
19,346
967.30
1961
38,692
1,934.60
1962
38,692
1,934.60
1963
38,267
25,000
3,163.35
1964
37,417
25,000
3,120.85
1965
36,567
25000
3,078.35
1966
35,717
25,000
3,035.85
1967
34,782
30,000
39239.10
1968
33,762
30,000
3,188.10
1969
32,742
30,000
3,137.10
1970
319722
30000
3,o86.lo
1971
30,702. ,
309000
3,035.10
1972
291,682
309000'.
2,984.10
1973
28,577
359000
3,178,85
1974
27,381
35000
3,119.35
1975
261,197
35,000'
3,059.85
1976
25,007
35,000 ,
3,000.35
1977
239732
4o,000
3,186.6o
1978
229372
4o,000
3,118.60
1979
�.,. ._ „ _20, 927 - -t,
.:3, 29.6:35 ...
19�
19:397 �,_,
45,.000 -�- . _... �_.
w , -�'`". - 3,219.85
1981
17,867
45,000.
3,143.35
`982
16,252
50000
3,312.E0
1983
149552
509000
3,227.60
1984
.129852
50,000
3,142.6o
1985
ll,o67
55,000,-
39303.35
1986
9;197 '
55,000
3,209.85
1987
7,327
55,000
3,116.35
1988
5,372
6o,000
3,268.60
1989
3032
6o,000
3,166.60
1990
1,156
68, 000 - •
- 3,457-80
T - - --
-2-
20,313.30
40;626.60
40,626.60
66,430.35
659537.85
64,645.35
63.752.85
68,021.10
66,95o.10
65,879.10
64,808.10
63,737.10
62,666.10
66055.85
65i5o6.35
64,256.85
63,007.35
66,918.60
65,490.60
- 699223.35
-- `67,616.85
66,010.35
69,964.60
67.779.60
65,994.60
69,370.35
67,406.85
65, 443.35
68,640.60
66,498.60
- 72,613.8o
ORIGINAL TO CITY CLERK V n li
6
CITY OF ST. PAUL COUNCIL NO. . _
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION - GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
be it
FURTHER RESOLVED, that in the event any principal and interest
come due prior to the receipt of the proceeds of said takes, 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 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 in-
structed 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 1957, 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 1,.75, Minnesota
Statutes 1957, as amended; be it
FURTHER. RESOLVED, that 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
Yeas Nays •'
DeCourcy
Holland - -
Loss
Mortinson
Peterson
MAIeicdent, ^V� siy.a.ic-
Favor
Against
—3—
JUN 211960
Adopted by the Council 19—
JUN 211960
Approved 19—
Mayor
STATE OF MINNESOTA )
(SS
COUNTY OF RAMSEY )
/ q-7 4 6 q
OF C1r7
QERTIFICATION AS TO TAX fifP
AND REGISTRY OF BONDS UPON
COUNTY AUDITOR'S BOND RJ�FTffi 23 PPA 1 59
� r
SAN
;1 i Cl
I, the undersigned, being the duly qualified and acting County
Auditor, of Ramsey County, do hereby certify that there was filed in my
office on the 22nd day of June, 1960, a certified copy of Council File
No. 197669 adopted June 219 19609 by the City Council of the City of
Saint Paul levying taxes for $191389000.00 City of Saint Paul General
Improvement Bonds, Series No. 89 dated June 11 1960, 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 Auditor's bond register File No. 301 and that such tax
for the payment thereof has been levied as required by law.
WITNESS, my hand and official seal this 23rd day of June, 1960.
MONICK, County Auditor,
Entered in Bond Register this
23rd day of June, 1960.
92