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"It is presently ustJ~m~ted tJ~at conuh~chion vrill bruin on or about November 1 , <br />19 81, aud will be completed on or ~3out June 1 , 19 82 - When cc~leted, %3~ere <br /> <br /> he approxirm~tely 2 0 new jobs created by the project~ at an annual payroll of <br />~p~o:~]mately $ 2 4 0,0 0 0 based upon currently prevailing wages. <br /> <br /> The tentative term of the financing is 30 -- years, ccun~ncing November 1 <br /> <br /> The following extrLbits are furnished with this application, and are .incorporated herein. <br />~Yle ference: <br /> <br />1. A~ opinion of bond counsel that the proposal constitutes a project under Minnesota <br /> <br />Statutes, Chapter 474.02. <br /> <br />A copy of the city c~uncil resolution giving preliminary approval for the issuance <br />of its revenue bonds. <br /> <br />A comprehensive s/atdp_ut by the municipality indicating hc~ the project satisfies <br />~h.e- pUb].ic'pt~pose of ~]esoha Statutes, -Chapter 474.01. ' <br /> <br /> t 4. A letter of intent to purchase the bond issue or a letter co~firming the feasibility <br /> of' the project from a financial standpoint. <br /> <br /> 5. A sta'-~kem?_nt, signed by the ~yor, to the effect that upon entering ~nto 'the revenue <br /> I agrec~n't, the information required by Minnesota Statutes, Section 474.01, Sub- <br /> · div/sion 8, will be suhnitted %o the Depamb~'~_nt of Econc~Lic Development. <br /> <br /> 6. 3% stat~'~nt signed by the Mayor, that the project does not include any property to <br /> I be sold or affixed to or consumed production proE~rty sale, and does <br /> the <br /> of <br /> for. <br /> not include any housing facility to be ren~ed or used as a permanent residence. <br /> <br /> 7. A statemmnt signed by the Mayor that a public hearing was conducted pursuant <br /> Minnesota Statutes, Section 474~01, Subdivision 7b. The statement shall include <br /> the date, t~me and place of .the meeting and that all interested parties <br /> i afforded an opportunity to express their, views. <br /> <br /> 8. A copy of the not/ce of publication of the public h~a~'.~ng. <br /> <br /> ~ We, the undersigned, are duly elected representatives of /~he City o~ <br />i~sota, and sQ!icit your approval of this project at your earliest donvenience ~o that <br /> <br />e may carry it t° a final conclusion. <br />'i.~ by: (Principal Officers) <br /> <br />~mFi ~tr a tgr. <br />/~ This approval shall not be-deemed to be an approval by the Co:,~,~ssioner or the state <br />f ~e feasibility of the proje6t-or the terms of the lease to be executed pr the bonds <br /> <br />p ~ issued therefor. <br /> <br />Cc~missioner of Securities <br />Minnesota Department of Commerce <br /> <br /> <br />