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Cll 00424-01 <br /> <br />m <br /> <br /> 'This Application must be submitted in DUPLICATE <br /> <br /> STATE OF MINNESOTA <br />MINNESOTA ENERGY A~D ECONOMIC DEVELOPMEI{T AUTHORITY <br /> <br /> Application <br />For Approval of Municipal Industr-ial Revenue Bond Project <br /> <br />To: Minnesota Energy and Economic Date <br /> I Development Authority <br />, 480 Cedar St., Rm. 100 Hanover Bldg. <br /> St. Paul, Minnesota 55101 <br />! <br />T governing body of Ramse¥ , County of Anoka , Minnesota. <br />hereby applies to the Minnesota Energy and Economic Development Authority of the State of <br />M~nesota for approval of this community's proposed Municipal Industrial Revenue Bond issue as <br />r~uired by Minn. Stat. S474.01, Subd. 7a. <br /> <br />Wmhave entered into preliminary discussionss with' <br /> Firm_ Ra~sey Centre AssOCiates <br /> m- Address' c/o Jay Stephen.Schmidt~ The Northern Bank, 301 Jackson Street <br /> <br />mcity <br />Attorney. <br /> <br />Anoka <br /> <br />State ,MN 55303 <br /> <br />State of Incorporation Limited Minnesoi <br /> Par~_tnersnip <br /> <br />Thomas A. Gedde <br /> <br /> m 301 Jack'sb-h--~f?~t, Anoka;-PLN 55303 <br /> Address <br /> <br />~ Name' cf <br /> T.~s firm is <br /> <br />T--~ funds <br /> <br />Name of Project Ramsey Centre Associates Project <br /> <br /> engaged primarily in (nature of business): Real Estate <br /> <br /> received from the sale of the Industria-1 Revenue Bonds will be used to (general <br />nm.~e of project): Acquire land and construct a new shopping center facility of <br />nj less than 55~838 square feet in the City. <br /> <br />IIwill.. be located in Ramsey, Minnesota. <br /> <br />The total bond issue will be approximately <br />o~costs now estimated as follows: <br /> <br /> Acquisition, reconstruction, improvement, <br /> <br /> m betterment, or extension of project $ 150,000 <br /> Construction Cos.ts <br /> Equipment .AcquiSition and' Installation <br /> Fees: Architectural, engineering, inspec- <br /> m tion, fiscal, legal, or <br /> administration, <br /> printing <br /> Interest accrual during construction <br /> I initial bond reserve <br /> Contingencies <br /> <br />Bond discount <br /> <br />mother <br /> <br />. 1,720,000.. <br /> <br />125,000 <br />237~500 <br /> <br />138,500 <br />_ 11,500 <br /> <br />87~500 <br /> <br />, to be applied toward paymen.t <br /> <br /> <br />