97-130RESOLUTION
4�l�UL, MINNESOTA
Freserrted By
Referred To
Committee: Date
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PROVIDING FOR THE COMPETITIVE
NEGOTIATED SALE OF $17,500,000
GENERAL OBLIGATION CAPITAL IMPROVEMENT
BONDS, SERIES 1997A, AND
$2,450,000 GENEF2AI, OBLIGATION STREET IMPROVEMENT
SPECIAL ASSESSMENT BONDS, SERIES 1997B
BE IT RESOLVED by the Council of the City of Saint
Paul, Minnesota, as follows:
1. Findina; Amount and Purpose. It is hereby found,
determined and declared that the City of Saint Paul, Minnesota
(the '�City"), should issue i[s $17,500,000 General Obligation
Capital Improvement Bonds, Series 1997A, to finance the
acquisition and construction of capital improvements as set forth
in the 1997 Capital Improvement Budget and $2,450,000 General
Obligation Street Improvement Special Assessment Bonds, Series
1997B, to finance various street improvements in the City
(collectively, the "BOnds"7•
2. Meetincr. The City Council sha11 meet on March 26,
1997, for the purpose of awarding the sale of the Bonds.
3. Competitive Negotiated Sale. The City has
retained Springsted Incorporated as an independent financial
advisor, and the City Council hereby determines to sell each
series of the Bonds by private negotiation, by way of a
competitive sale in response to `Perms of Proposal for the Bonds
which are not published in any newspaper or journal.
4. Terms of Proposal. The terms and conditions of
the Bonds and the sale thereof are fully set forth in the "Terms
of Proposal" to be set forth in an official statement for the
Bonds.
Council File # �'Z — t 3 Q
Gree� Sheet # .7 `���
342964_2
9� -�30
1 5. Official Statement. The Director, Department o£
2 Finance and Management Services, Treasurer and other officers or
3 employees of the City are hereby authorized to participate with
4 Springsted Incorporated in the preparation of an official
5 statement for the Bonds.
Requested by Department of:
Einsr,ce and Management Services
ioption ert'rfietl by Councif Secretary
� �.
oroved by Mayor: Date Z�/� �9 �-
��� �� �
i � By.
Form A ed 6y City Attorney
z�---�--? �'�"� _�
I- 3 i- � �
Approved by Mayor for Submi ion to Council
By. �- l� _, �
3429b4.2
dopted by Council: Date � � • �� - ���
Services
TOTAL # OF SfGNATURE PAGES
37403
9 � GREEN SHEET `�`� -13�
INfTIFVOATE INITIAIIDATE
O DEPApTMEM DIRE � CI7'Y COUNClI
� mCfTYATTORNEY J �CIiVCLERK
� BUD6Ef DIRECTOF � PIN. & MGT. SERViCES OIR.
� � MAYOR (OR A3SISTANI� �
(CLIP ALL LOCATIONS FOR SIGNATURE)
This Preliminary resolution gives the Department of Einance and Management Services the
authority to initiate all aecessary action leading to the issuance of City General Ob1i,
Sonds on March 26, 1997 with City Council awarding bids that afternoon.
m
_ PI.ANNING COMMISSION _ CIViI SFiiVICE
_ q8 COMMfTTEE _
_ STM^F _
_ D13TRfGTCOUPT _
SUPPOHTS WHICH CAUNCII O&IECfIVE7
PERSONAI SERYICE CONTRACTS MU5T AN5WER THE FOLLOWING QUESTION3:
t. Has this parsonffirm ever worked under a conhact for this da0�e�t?
YES NO
2. Has this personRrtm ever been a city employee?
YES NO
3. �nes this personlfirm Rossess a skill not norcnaly possessed by any curreM city empH
YES NO
Explain all yes enswers on separate sheei and attach to green eheet
i�
i
PLEASE PLACE THIS RESOLUTION ON THE COUNCIL AGENDA OF FEBRUARY 12, 1997
These bonds are for gurposes of funding the 1997 Capital Zmprovement Budget and funding
certain street improvements.
$17,500,000 General Obligation Capital Improvement Bonds
$ 2,450,000 General Obligation Street Improvement Special Assessment Bonds
This resolution is preliminary as it only auChorizes staff to begin the 1997 bond sale
process. A detailed bond sale resolu2ion calling £or the sale will be presented to the
full Council on Maxch 26, 1997,
�F
None
��1;,!�'}��� ��on�srka /`�.,�a��°i
— .� r.,-,
' °-., �� J FJ3�
ithout a preliminary resolution, the staff would not be authorized to initiate necessary
=tion leading to a 1997 bond sale.
1MOUNT Of TRANSACTION
COSTfREYENUE BUDGETED fCIRCLE ON�
11�'�ii]
i SOURCE ACTIVYTY NUIdBER
INFORFnAT10N: (EXPLAIf�
RESOLUTION
4�l�UL, MINNESOTA
Freserrted By
Referred To
Committee: Date
a�-
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
ai
zz
23
24
25
26
27
28
29
30
31
32
33
34
35
PROVIDING FOR THE COMPETITIVE
NEGOTIATED SALE OF $17,500,000
GENERAL OBLIGATION CAPITAL IMPROVEMENT
BONDS, SERIES 1997A, AND
$2,450,000 GENEF2AI, OBLIGATION STREET IMPROVEMENT
SPECIAL ASSESSMENT BONDS, SERIES 1997B
BE IT RESOLVED by the Council of the City of Saint
Paul, Minnesota, as follows:
1. Findina; Amount and Purpose. It is hereby found,
determined and declared that the City of Saint Paul, Minnesota
(the '�City"), should issue i[s $17,500,000 General Obligation
Capital Improvement Bonds, Series 1997A, to finance the
acquisition and construction of capital improvements as set forth
in the 1997 Capital Improvement Budget and $2,450,000 General
Obligation Street Improvement Special Assessment Bonds, Series
1997B, to finance various street improvements in the City
(collectively, the "BOnds"7•
2. Meetincr. The City Council sha11 meet on March 26,
1997, for the purpose of awarding the sale of the Bonds.
3. Competitive Negotiated Sale. The City has
retained Springsted Incorporated as an independent financial
advisor, and the City Council hereby determines to sell each
series of the Bonds by private negotiation, by way of a
competitive sale in response to `Perms of Proposal for the Bonds
which are not published in any newspaper or journal.
4. Terms of Proposal. The terms and conditions of
the Bonds and the sale thereof are fully set forth in the "Terms
of Proposal" to be set forth in an official statement for the
Bonds.
Council File # �'Z — t 3 Q
Gree� Sheet # .7 `���
342964_2
9� -�30
1 5. Official Statement. The Director, Department o£
2 Finance and Management Services, Treasurer and other officers or
3 employees of the City are hereby authorized to participate with
4 Springsted Incorporated in the preparation of an official
5 statement for the Bonds.
Requested by Department of:
Einsr,ce and Management Services
ioption ert'rfietl by Councif Secretary
� �.
oroved by Mayor: Date Z�/� �9 �-
��� �� �
i � By.
Form A ed 6y City Attorney
z�---�--? �'�"� _�
I- 3 i- � �
Approved by Mayor for Submi ion to Council
By. �- l� _, �
3429b4.2
dopted by Council: Date � � • �� - ���
Services
TOTAL # OF SfGNATURE PAGES
37403
9 � GREEN SHEET `�`� -13�
INfTIFVOATE INITIAIIDATE
O DEPApTMEM DIRE � CI7'Y COUNClI
� mCfTYATTORNEY J �CIiVCLERK
� BUD6Ef DIRECTOF � PIN. & MGT. SERViCES OIR.
� � MAYOR (OR A3SISTANI� �
(CLIP ALL LOCATIONS FOR SIGNATURE)
This Preliminary resolution gives the Department of Einance and Management Services the
authority to initiate all aecessary action leading to the issuance of City General Ob1i,
Sonds on March 26, 1997 with City Council awarding bids that afternoon.
m
_ PI.ANNING COMMISSION _ CIViI SFiiVICE
_ q8 COMMfTTEE _
_ STM^F _
_ D13TRfGTCOUPT _
SUPPOHTS WHICH CAUNCII O&IECfIVE7
PERSONAI SERYICE CONTRACTS MU5T AN5WER THE FOLLOWING QUESTION3:
t. Has this parsonffirm ever worked under a conhact for this da0�e�t?
YES NO
2. Has this personRrtm ever been a city employee?
YES NO
3. �nes this personlfirm Rossess a skill not norcnaly possessed by any curreM city empH
YES NO
Explain all yes enswers on separate sheei and attach to green eheet
i�
i
PLEASE PLACE THIS RESOLUTION ON THE COUNCIL AGENDA OF FEBRUARY 12, 1997
These bonds are for gurposes of funding the 1997 Capital Zmprovement Budget and funding
certain street improvements.
$17,500,000 General Obligation Capital Improvement Bonds
$ 2,450,000 General Obligation Street Improvement Special Assessment Bonds
This resolution is preliminary as it only auChorizes staff to begin the 1997 bond sale
process. A detailed bond sale resolu2ion calling £or the sale will be presented to the
full Council on Maxch 26, 1997,
�F
None
��1;,!�'}��� ��on�srka /`�.,�a��°i
— .� r.,-,
' °-., �� J FJ3�
ithout a preliminary resolution, the staff would not be authorized to initiate necessary
=tion leading to a 1997 bond sale.
1MOUNT Of TRANSACTION
COSTfREYENUE BUDGETED fCIRCLE ON�
11�'�ii]
i SOURCE ACTIVYTY NUIdBER
INFORFnAT10N: (EXPLAIf�
RESOLUTION
4�l�UL, MINNESOTA
Freserrted By
Referred To
Committee: Date
a�-
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
ai
zz
23
24
25
26
27
28
29
30
31
32
33
34
35
PROVIDING FOR THE COMPETITIVE
NEGOTIATED SALE OF $17,500,000
GENERAL OBLIGATION CAPITAL IMPROVEMENT
BONDS, SERIES 1997A, AND
$2,450,000 GENEF2AI, OBLIGATION STREET IMPROVEMENT
SPECIAL ASSESSMENT BONDS, SERIES 1997B
BE IT RESOLVED by the Council of the City of Saint
Paul, Minnesota, as follows:
1. Findina; Amount and Purpose. It is hereby found,
determined and declared that the City of Saint Paul, Minnesota
(the '�City"), should issue i[s $17,500,000 General Obligation
Capital Improvement Bonds, Series 1997A, to finance the
acquisition and construction of capital improvements as set forth
in the 1997 Capital Improvement Budget and $2,450,000 General
Obligation Street Improvement Special Assessment Bonds, Series
1997B, to finance various street improvements in the City
(collectively, the "BOnds"7•
2. Meetincr. The City Council sha11 meet on March 26,
1997, for the purpose of awarding the sale of the Bonds.
3. Competitive Negotiated Sale. The City has
retained Springsted Incorporated as an independent financial
advisor, and the City Council hereby determines to sell each
series of the Bonds by private negotiation, by way of a
competitive sale in response to `Perms of Proposal for the Bonds
which are not published in any newspaper or journal.
4. Terms of Proposal. The terms and conditions of
the Bonds and the sale thereof are fully set forth in the "Terms
of Proposal" to be set forth in an official statement for the
Bonds.
Council File # �'Z — t 3 Q
Gree� Sheet # .7 `���
342964_2
9� -�30
1 5. Official Statement. The Director, Department o£
2 Finance and Management Services, Treasurer and other officers or
3 employees of the City are hereby authorized to participate with
4 Springsted Incorporated in the preparation of an official
5 statement for the Bonds.
Requested by Department of:
Einsr,ce and Management Services
ioption ert'rfietl by Councif Secretary
� �.
oroved by Mayor: Date Z�/� �9 �-
��� �� �
i � By.
Form A ed 6y City Attorney
z�---�--? �'�"� _�
I- 3 i- � �
Approved by Mayor for Submi ion to Council
By. �- l� _, �
3429b4.2
dopted by Council: Date � � • �� - ���
Services
TOTAL # OF SfGNATURE PAGES
37403
9 � GREEN SHEET `�`� -13�
INfTIFVOATE INITIAIIDATE
O DEPApTMEM DIRE � CI7'Y COUNClI
� mCfTYATTORNEY J �CIiVCLERK
� BUD6Ef DIRECTOF � PIN. & MGT. SERViCES OIR.
� � MAYOR (OR A3SISTANI� �
(CLIP ALL LOCATIONS FOR SIGNATURE)
This Preliminary resolution gives the Department of Einance and Management Services the
authority to initiate all aecessary action leading to the issuance of City General Ob1i,
Sonds on March 26, 1997 with City Council awarding bids that afternoon.
m
_ PI.ANNING COMMISSION _ CIViI SFiiVICE
_ q8 COMMfTTEE _
_ STM^F _
_ D13TRfGTCOUPT _
SUPPOHTS WHICH CAUNCII O&IECfIVE7
PERSONAI SERYICE CONTRACTS MU5T AN5WER THE FOLLOWING QUESTION3:
t. Has this parsonffirm ever worked under a conhact for this da0�e�t?
YES NO
2. Has this personRrtm ever been a city employee?
YES NO
3. �nes this personlfirm Rossess a skill not norcnaly possessed by any curreM city empH
YES NO
Explain all yes enswers on separate sheei and attach to green eheet
i�
i
PLEASE PLACE THIS RESOLUTION ON THE COUNCIL AGENDA OF FEBRUARY 12, 1997
These bonds are for gurposes of funding the 1997 Capital Zmprovement Budget and funding
certain street improvements.
$17,500,000 General Obligation Capital Improvement Bonds
$ 2,450,000 General Obligation Street Improvement Special Assessment Bonds
This resolution is preliminary as it only auChorizes staff to begin the 1997 bond sale
process. A detailed bond sale resolu2ion calling £or the sale will be presented to the
full Council on Maxch 26, 1997,
�F
None
��1;,!�'}��� ��on�srka /`�.,�a��°i
— .� r.,-,
' °-., �� J FJ3�
ithout a preliminary resolution, the staff would not be authorized to initiate necessary
=tion leading to a 1997 bond sale.
1MOUNT Of TRANSACTION
COSTfREYENUE BUDGETED fCIRCLE ON�
11�'�ii]
i SOURCE ACTIVYTY NUIdBER
INFORFnAT10N: (EXPLAIf�