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It is presently estimated that construction will begin on or about November 1 , <br /> 81, and will be cc~pleted on or about June 1 , 19 82 . When .completed, there <br />%zi'l~ ~e approximately 20 new jobs created by the project at an annual payroll of <br /> <br /> fppro×imately $ 2 4 0,0 0 0 · based upon currently prevailing wages. <br /> <br /> ~ The tenta i the financing is 30 years, conmencing November 1 <br /> 19 81. <br />I The following exhibits are furnished wi~h this application and are incorporated herein. <br /> by reference: <br />! <br /> 1. Ah opinion of bond counsel %hat %he proposal constitutes a project under Minnesota <br /> Statutes, Chapter 474.02. <br /> <br /> 2. A copy of %he city council resolution giving preliminary approval for the issuance <br /> of its revenue bonds.. <br /> <br />! <br /> 3. A comprehensive statement by the municipality indicating how ~he project satisfies <br />I %he public purpose of Minnesota Statutes, Chapter 474.01. <br /> 4. A letter of intent to purchase %he bond issue or a letter confirming %he feasibility <br /> of' %he project from a financial standpoint. <br />! - <br /> 5. A statement, signed by the Mayor, to the effect that upon entering into the revenue <br /> agreement, the information required by Minnesota Statutes, Section 474.01, Sub- <br /> division 8, will be sutmtitted to the Department of Economic Development. <br />I 6. A statement signed by %he Mayor, that the project does not include any property to <br /> be sold or affixed to or consumed in the production of property 'for sale, and does <br /> <br />i not include any housing facility to be ren~ed or used as a pezn~nent residence. <br /> - 7. A statement signed by the Mayor that a public hearing was-conducted .pursuant to <br /> Minnesota Statu~es, Section 474.01, Subdivision 7b. The statement shall include <br /> the date, time and place of the meeting and that all interested-parties <br /> afforded an opportunity to express their views. <br /> <br /> 8. A copy of the notice of publication of the public <br /> <br /> We, the undersigned, are duly elected representatives of the City of ~mn~v ' , <br /> Minnesota, and solicit your approval of this project at your earliest'c~onvenience ~o ~hat~ <br /> <br />'r may carry it to a final conclusion. <br /> Signed by: (Principal Offioers) <br /> <br />ayor <br /> <br />trator <br /> <br /> This approval shall not be deemed to be an approval by the Commissioner or ~he state <br /> of the feasibility of the projec~ or the terms of the lease to be executed or 'the bonds <br />i to be issued therefor. <br /> <br /> Date of Approval <br /> <br />Commissioner of Securities <br />Minnesota Department of Commerce <br /> <br /> <br />