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The total tx~d issu~ will be approximately $ 600,000 <br />be apPliad tc~d pa3m~nt of costs nc~ estimated as follows: <br /> <br />Cost <br /> <br />It~n <br />Land Ao~,~ition and Site Dev~lopmzn.t <br />Construc~[cm Contraats <br />Ec~3{r~mnt Acquisition and Installatic~ <br />Architectural and Emgineering Fees <br />~,~ga! Fees <br /> <br />Initial Bond P~ser~ <br />Contingen~ ps <br />Bond Dis corot <br />Othe~ (miscellaneous) <br /> <br /> A~ount <br />~ 25,000 <br /> <br />500,000 <br /> bO,O00 <br /> <br /> i~,000 <br /> <br /> 12',000 <br /> 10,000 " <br /> <br /> It is presently est~ted that construatic~ will begin on or <br />about Sept~nber 1 '.. -, 19 78 _, and will ~e cc~p!eted on or about <br /> January 1 , 19 79- Wh~n c~plet~d, t~re wLll be appro~mately <br /> 12 new j obs'creat~ the project at an am~'l payroll of ap- <br />pr~x~mtely' $ 250,000 ~sed upon currently prevmiling' x~ages. <br /> <br /> R~e tentative lease term is 20 ye~S,~ ccuu~~ <br /> Jag..uary 1 , .19 79 , and the tenant will (not) have thru option to <br />purchase tJ~ project~ a n~nal valuta upon expiration of the lease <br /> <br /> ~e m~icipality w~]l provida the Ccu,,dssionmr with a cc~prehansi~ <br />state~t indicating how th~-pz~je~t satis~ tha publiC purpose and <br />pol~{-s of the Mirmesota Industr~-~ Dev~lo~n~nt Amt. <br /> <br /> A lettkr of intent to pUrch~e the ~d issue ~ an undazwrttar <br />or an analysis of a. fiscal consultant as to the feasibility of tha <br />project frc~ a financial standpoint is at~ to this application. <br /> We, the un~rS~n~d, are duly elected representatives of <br /> Ramsey _, Mimnaso~, and solicit your ap~ of t]~ m <br />project at ~ e~rliest 'c~av~nfer~e so t~mt ~ ~ay carry it to a <br /> <br />ftm~l <br /> <br />5{~ ~pprow[1 e~'~.-ll not be ~a?~ bo ~e an approval by th~ Czm~d~stmer <br />or the statm of the feasibility of the project or the t~m~ of the" <br /> <br />Date of App--: <br /> <br />SI:UT/ -2- <br /> <br /> <br />