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I <br /> I <br />! <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Page 2 <br /> <br />March 26, 1985 <br /> <br />Mr. Richard Nadeau <br />Minnesota Energy and Economic Development Authority <br /> <br />revenue bonds will be used to finance the acquisition of land, <br />and not more than $10,000,000 in revenue bonds which are <br />industrial develo[x~ent bonds subject to the exemption described <br />in Section 103(b)(6) of the Internal Revenue Code of 1954, as <br />amended December 31, 1983, will be issued with respect to any one <br />building which is used for commercial, office or industrial <br />purposes, without regard to ownership of oondominium units within <br />the building. <br /> <br />~he City has complied with the notice and hearing requirements of <br />Minnesota Statutes, Section 474.01, as amended, and agrees it <br />will comply with the reporting requirements set forth in <br />Minnesota Statutes, Section 474.01, Subdivision 8. The public <br />hearing was held on March 26, 2985 at 7:30 o'clock, P.M. at the <br />Ramsey Municipal Center, and all interested parties were afforded <br />an opportunity to express their views. <br /> <br />The City will undertake to encourage that the employment <br />opportunities made available by the Project will, if feasible, be <br />offered to individuals who are unemployed or who are economically <br />disadvantaged as contemplated in Laws of 1983, Chapter 289, <br />Section 113. The City will comply with the reporting <br />requirements set forth in said Section 113. <br /> <br />We respectfully request prompt approval by the Minnesota Energy <br />and Economic Development Authority of the Project under the <br />provisions of Minnesota Statutes, ~apter 474. <br /> <br />Very truly yours, <br /> <br />CITY OF RAMSEY <br /> <br />Gary Heitman <br />Mayor <br /> <br />Encl: <br /> <br /> <br />