09-411RESOLUTION
SAINT P�^Mt
Presented By:
Referred To:
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Council File #�( �_
6reenSheet# 3069307
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Committee �ate:
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RESOLUTION AMENDING 2009 GIN REVENUE BONDS AND OTHER LONG-7ERM DE6T BUDGET (FUND 961)
REFLEC7ING THE ISSUANCE OF THE TAXABLE SALES TAX REVENUE REFUNDING BONDS,
SERIES 2009 (RIVERCENTRE ARENA PROJEC"f�
WHEREAS, this same date the Cou�c+l ot the City of Saint Paul has cosidered a resolution authorizittg
the issuance ot the Taxable Safes Tax Revenue Refunding Bonds, Series 2009
(RiverCentre Arena Project); and
io WHEREAS, the Mayor, in accordance with Section 10.07.1 of the City Charter, certifies that there is
i� $65,655,000 million available for appropriation in the 2009 budget.
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is WHEREAS, Upon the recommendation of the Mayor, the City's 2009 budget is amended
�a by ihe Ci1y Council as follows:
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17 Fund Activity Object Description
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CURRENT AMENDED
BUDGET CHANGES BUDGET
�s City Revenue Bonds and Other Long-Term Debt Fund 961
20 Financino Plan
21 �ebt Service -2009 Taxable Sales Tau Revenue Refunding Bonds
22 967 89574 6201 Bond Proceeds
23 961 89574 6206 Proceedsfrom refundetl bontls
T4
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26 SPEhdihq Plah
27 De6t Service • 2U09 Tazable Sales Taz Revenue Refunding Bonds
28 961 895T4 0601 Cost of issuance
29 961 89574 0635 Retirement of 9999 bontls
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3M1
65,455,000.00 65,455,000.00
200,000.00 200,000.00
65,655,000.00 65,655,000.00
700,000.00 700.000.00
64,955,000.00 64,955,000.00
65,655,000.00 65,655,000.00
sz Be it RESOLVED, that the City Council approves the amended budgets as indicated above, and adopts
ss the revisions to the 2009 budget.
sa BE 17 FURTHER RESOLVED, that proper City o�cials in order to satisfy GASB, CAFR and SWte Auditor recoding
ss requirements may assign, if necessary, object codes to account for legal fees, underwriters discount,
ss bond premiums and discounts and related costs.
Raquested by Department of:
�ce of the Mayor, Financial Services
By:
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Services:
Atloption Certified by Council Secretary:
By:
Approved by M�y . Da0 �
BY:
By:
Form Approvetl by
By: �
Approvetl by Mayor for mi sion Coun �I:
BY:
Adoptetl by Council: Date ������
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
�Y � I�-!1
DepartmentlOffice/Council: Date Initiated:
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FS -Financiai Services p7_qpR-09 Green Sheet NO: 3069307
ConWCt Person 8 Phone: Departrnent nt o Person �1 �itial/Date
BobGBUrs � - 0 � inancialServices !. ////(/!
270-5227 1 inancial Services De rtment Director ����—�
Assign Z inanc,(alServices fficeFinanciafServfces
Must Be on Council Agenda by (Date): Number �
� 15 For 3 i Attome
Routing 4 a or's OfSce Mavor Assistant ,
Doc. Type: RESOLUTtON WI$ �� Order 5 ouncii Ci Council '
TRANSACTION 6,Ciri Clerk Citv Clerk
E-Document Required: N
DocumentContact: BobGeurs
Contact Phone: 270.5227
Total # of Signature Pages _(Ciip All Locations for Signature)
Action Requested:
Resolurion amending City long term debt budget F961 for the issuance of Taxable Variable Rate Sales TaY Revenue Refunding
Bonds, Series 2009 (RiverCentre Arena Project). There is a second resolutlon approving the sale of 2009 Bonds (GS 3069306).
Recommendations: Approve (A) or Reject (R): Personal Service Contracts Must Answer the Following Questions:
Planning Commission �, Has this personffirm ever worked under a contract for this department?
Cl8 Committee Yes No
Civil Service Commission 2. Has this person/irm ever been a city employee?
Yes No
3. Does this person/firm possess a skill not normally possessed by any
current city employee?
Yes No
Explain all yes answers on separate sheet and attach to green sheet.
Initiating Problem, Issues, Opporlunity (Who, What, When, Where, Why):
Budget Amendment to Green Sheet #3069306 approving issuance of 2009 Sales Tas Bonds Revenue Refunding Bonds for
$65,455,000.
AdvantagesifApproved:
Wi11 complete City obligarion after a Public Hearing for a May l, 2009 closing
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Disadvantages If Approved: W �� � t� °�Q�g
None known s�
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DisadvanWges If NotApproved:
Ciry will have two debt service payments beginning in may 2009.
Total Amount of
Transaction: $65,455,000.00 CostlRevenue Budgeted:
Funding Source_ 2009 BOItdS qctivity Number:
Financial Infortnation:
(Explain)
April 7. 2049 10:58 AM PanA ti:; ,".'.. ,. "''�