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91-2274 ����O���r Council File �� 9�-u�; �'rj� ' � Green Sheet �� , RESOLUTION CITY OF SAIlV'T PAUL, MINNESO � � � Presented By ' Referred To Committee: Date WHEREAS, for nearly twenty-five years, the State of Minnesota has authorized the City of Saint Paul to issue capital improvement bonds; and WHEREAS, Saint Paul' s ability to issue capital improvement bonds has helped the City meet its capital needs in a consistent and timely manner; and WHEREAS, Saint Paul' s yearly bonding authority has allowed the City to structure its debt to achieve a steady level of debt service to prevent erratic swings in tax rates and assist in long range City planning; and WHEREAS, the City of Saint Paul has proven to be responsible in its use of its bonding suthorization as demonstrated by its Standard and Poor' s G.O. Bond Credit Rating of AA+, and its Moody' s G.O. Bond Credit Rating of Aa; and WHEREAS, the City' s statutory authority to issue capital improvement bonds will expire after 1993 and needs to be continued; and NOW, TAEREFORE, BE IT RESOLVED, that the City of Saint Paul supports continuation of its State approved bonding authority at a level of $16.6 million for 1994, $16.6 million for 1995, $17.5 million for 1996, $17.5 million for 1997, and $18.0 million for 1998. Yeas Na•� Absent Re uested b De artment of: mo _� Q Y P oswi �°la� e� —7'_ ettman �� une � i son �- By: ' Adopted by Council: Date � � �1 �� ( � Form Approved by City Attorney Adoption Certified by Councj,l S cretary Y�/ gy; � sy: � �.... Approved by Maro� : Da e -�� Approved by Mayor for Submission to Council By: By: � !3�'���x DEG 2 i°91 ��_ ad7� r , DEPARTMENT/OFFICE/COUNCIL DATE INITIATED NO 18 915 city counci� 12/10/91 GREEN SHEET CONTA PERSON& HONE INITIAUDATE INITIAUOATE �` �ounc i f inember �nCJ x4 4 7 3 �DEPARTMENT DIRECTOR �CITY COUNCIL ASSIGN �CITY ATTORNEY �CITY CLERK MUST BE ON COUNCIL AOENDA BY(DATE) NUMBER FOH ❑BUDGET DIRECTOR �FIN.8 MGT.SERVICES DIFi. ROUTING ORDER �MAYOR(OR ASSISTANn Q TOTAL#OF SIGNATURE PAGES (CLIP ALL�OCATIONS FOR SIGNATURE) ACTION RE�UESTED: Supportinq continuation of State approved bonding authority for the City's capital improvement programs. RECOMMENDATIONS:Approve(A)or Reject(R) PERSONAL SERVICE CONTRACTS MUST ANSWER THE FOLLOWING�UESTIONB: _PLANNING COMMISSION _ CIVIL SERVICE COMMISSION �• Has this person/firm ever worked under a contract for this department? _CIB COMMITTEE _ YES NO 2. Has this person/firm ever been a city employee? _STAFF - YES NO _ DISTRIC7 COURT - 3. Does this person/firm possess a skill not normally possessed by any current city employee? SUPPORTS WHICH COUNCIL OBJECTIVE7 YES NO Explaln all yes answers on separats shest and attech to green aheet INITIATINQ PROBLEM,ISSUE,OPPORTUNITY(Who,What,When,Where,Why): The City's bonding authority may be reviewed during the State Legislature' s 1992 Session. Any reductions in the capital improvement bonding authority could dramatically reduce the City's abilities to continue its capital improvement programs. ADVANTAGES IF APPROVED: The City will work to ensure that the bonding authority remains intact. DISADVANTAGES IF APPROVED: None. DISADVANTAGES IF NOT APPROVED: The City risks losing part or all of its capital bonding authority. TOTAL AMOUNT OF TRANSACTION S COST/REVENUE BUDGETED(CIRCLE ONE) YES NO FUNDING SOURCE ACTIVITY NUMBER FINANCIAL INFORMATION:(EXPLAIN) . y NOTE: COMPLETE DIRECTIONS ARE INCLUDED IN THE GREEN SHEET INSTRUCTIONAL `' MANUAL AVAILABLE IN THE PURCHASING OFFICE(PHONE NO.298-4225). r ROUTING ORDER: Below are correct routings for the five most frequent rypes of documents: CONTRACTS(assumes euthorized budget exists) COUNCIL RESOLUTION (Amend Budgets/Accept. Grants) 1. Outside Agency 1. Department Director 2. Department Director 2. Ciry Attorney 3. City Attorney 3. Budget Director 4. Mayor(for contracts over$15,000) 4. Meyor/Assistant 5. Human Rights(for contracts over$50,000) 5. Ciry Council 6, Finance and Management Services Director 6. Chief Accountant, Finance and Management Services 7. Finance Accounting ADMINISTRATIVE ORDERS(Budget Revision) COUNCIL RESOLUTION (all others,and Ordinances) 1. Activity Manager 1. Department Director 2. Department Accountant 2. City Attorney 3. Department Director 3. Mayor Assistant 4. Budget Director 4. City Council 5. Ciry Clerk 6. Chief Accountant, Finance and Management Services ADMINISTRATIVE ORDERS(all others) 1. Department Director 2. City Attorney 3. Finance and Management Services Director 4. City Clerk TOTA�NUMBER OF SIGNATURE PAGES Indicate the#of pages on which signatures are required and paperclip:or flag each of thsse pa�ea. ACTION REQUESTED Describe what the projecbrequest seeks to accomplish in either chronologi- cal order or order of importance,whfchever is most appropriate for the issue.Do not write complete aentences. Begin each item in your list with a verb. RECOMMENDATIONS Complete if the issue in question has been presented before any body,public or private. SUPPORTS WHICH COUNCIL OBJECTIVE? Indicate which Council objective(s)your projecUrequest supports by listing the key word(s) (HOUSINCi, RECREATION, NEIGHBORHOODS, ECONOMIC DEVELOPMENT, BUDGET,SEWER SEPARATION). (SEE COMPLETE LIST IN INSTRUCTIONAL MANUAL.) PERSONAL SERVICE CONTRACTS: This information will be used to determine the ciry's liability for workers compensation claims,taxes and proper civil service hiring rules. INITIATING PROBLEM, ISSUE, OPPORTUNITY Explain the situation or conditions that created a need for your project or request. ADVANTAGES IF APPROVED Indicate whether this is simply an annual budget procedure required by law/ charter or whether there are specific ways in which the City of Saint Paul and its citizens will benefit from this projecVaction. DISADVANTAGES IF APPROVED What negative effects or major changes to existing or past processes might this projecUrequest produce if it is passed (e.g.,traffic delays, noise, tax increases or assessments)?To Whom?When? For how long? DISADVANTAGES IF NOT APPROVED What will be the negative consequences if the promised action is not approved? Inabiliry to deliver service?Continued high traffic, noise, accident rate?Loss of revenue? FINANCIAL IMPACT Although you must tailor the information you provide here to the issue you are addressing, in general you must answer two questions: How much is it going to cost?Who is gofng to pay?