Title
Amending the City's Operating Budget to reflect the final sale details resulting from the issuance of the Sewer Revenue Bonds, Series 2026D.
Body
WHEREAS, on January 20, 2026, the City Council adopted RES 26-46 preliminarily approving the 2026 Bond Sale, and on October 14, 2026, adopted RES 26-1705 awarding the sale of the bonds which closed on November 12, 2026; and
WHEREAS, the spending and financing budgets need to be adjusted in the City’s sewer fund to reflect the final results of the sale; and
WHEREAS, the Mayor, pursuant to Section 10.07.4 of the Charter of the City of Saint Paul, certifies that there are unencumbered funds of $7,088,564.05 in the City’s operating budget that may be appropriated; NOW
THEREFORE, BE IT RESOLVED, by the Council of the City of Saint Paul, upon recommendation of the Mayor that $7,088,564.05 is available for appropriation in the City Operating Budget, that said budget, as heretofore adopted by Council, is hereby further amended by the particulars as specified in the attached financial analysis.