09-873Council File # d /'�7'3
Green Sheet # 3073977
RESOLUTION
CITY �AINT PAUL, MINNESOTA ��
Presented by
i WxEREAS, during the recently completed 2009 re�ular session of the Minnesota Legislature, the State of
2 Minnesota enacted 2009 Minn. Laws, Chapter 88, Art. 6, Section 24 (the "Special Law"), a copy which is
3 attached hereto and marked as Attachment "A", which, among other things, increases the maturity limit for
4 bonds issued by the City of Saint Paul for public buildings or parking structures from ten (10) yeazs to
5 thirty (30) years; and
7 WxEREns, the Special Law requires the City of Saint Paul to timely comply with Minnesota Statutes,
8 section b45.021, subdivisions 2 and 3, which requires approval by resolution by a majority vote of all
9 members of the governing body of the local unit.
lo
11 NOW, THEREFORE BE IT RESOLVED, by the Council of the City of Saint Paul, the Special Law
12 pursuant to the provisions contained therein, is in all things adopted herein by reference and approved;
13
14 AND BE TT F[JRTHER RESOLVED, that the City Clerk, as the chief clerical officer of the City of Saint
15 Paul, shall £orthwith file with the Secretary of State, in a form prescribed by the Attorney General, a
16 certificate stating the essential facts necessary to the adoption and approval of said law in compliance with
17 Minn. Stat. §645.021, Subd. 3.
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Cartec
Hatris
Requested by Deparhnento£
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Approved� Office o�i
BY
Thune
Adopted by Counc�l: Date
Adoption Certified by Co czl Secietary gy
BY ��I„!_// // /� ��i�2�
ApprovedbyMa : Date �''/�'�-�Yy�]'
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� Approved by City
By:
to
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet 6reen Sheet �
FS
ConYact Person & Phone:
Nexandre O'Learv
266-8832
Must Be on Counal Agenda by (Date):
l2-AUG-09
Doc. Type: RESOLUTION
E-0ocumeat Required: Y
�DocumeMContact: aexandra0leary
Contaet Pfione: 266-8@32
O�AUG09
�
Assign
tiumber
Fa
Routing
Order
Total # of Sigmture Pages _(Clip AII locations for Signature)
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Green Sheet NO: 3073977
2 �CitvAttoroev �r � a�l
3 vo�'S Office Mavor/Acsistant
To adopt a resoluflon that requires compliance vrith Minnesota Laws, Chapter 88, Art. 6, Secrion 24.
Recommendafions: Approve (A) or Reject (R): . - personal Service Co�tracts Must Answer the Following questions:
Planning Commission 1. Has tMis persoNfirtn ever worked under a contract for this department?
CIB Committee Yes No
Civil Senrice Commission
2. Has this persoNfirm ever been a city employee?
Yes No
3. Does this personlfirtn possess a skill not normalYy possessed bY any
cuvrent city employee?
Yes No
Ezplain afl yes answers on separete sheet and attach to green sheet.
Initiating Pro61em, lssues, �pportun+ty (Who, What, When, Where, Why):
Minnesota Legislahue (2009 IvIinnesoYa Laws, chapter 88, Art. 6, Section 24), increased the maturity limit for bonds issued by the
City for public buildings or parking structures from 10 to 30 years.
Advantages If Approved: �
The City will have flexibility to struehue debt services and to take advantage of longer term financing public buildings or parking
structures.
DisadvantageslfApproved:
None known
Disadvantages If Not Approved:
The advantages of longer term bond financing will not be available.
Total AmouM of
Transaction:
Funding Source:
Financial information:
(Explain)
CosURevenue Budgeted:
Activrty Number.
Auqust 3. 2009 10:40 AM p 1
Attachment A
p �, 6?'�
2UQ9 Minnesota Laws, Chapter 88, Art. 6, Section 24
Sec. 24. Laws 1971, chapter 773, section 4, as amended by Laws 1976, chapter 234,
section 2, is amended to read_
Sec. 4. No proceeds of any bonds issued pursuant to section 1 hereof shall be
expended for the construction or equipment of any portion of the St. Paul auditorium
or
civic center connected thereto; nor shall any proceeds be expended for the
acquisition or
betterment of the building known as the Lowry Medical Arts Annex. All bonds
issued
under this act shall mature at any time or times within ten or, for bonds for oublic
buildin�s
or arking structures, 30 years from the date of issue.
EFFECTIVE DATE.This section is effective the dav after the citv council and the
chief clerical officer of the ciy of St. Paul have timelYcom�leted their com lin ance
with
Minnesota Statutes, section 645.021, subdivisions 2 and 3.