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STATE OF MINNESOTA <br />DEPARTMENT OF COIVIMERCE <br /> <br /> ST, PAUL, MINNEBOTA BB~OI <br /> <br />(612) 296-4520 <br /> <br />~ugust 28, 1978 <br /> <br />The Honorable Arnold L. Cox <br /> City Hall <br />Ramsey, Minn. 55303 <br /> <br />Re: C.R. Building Co. Project <br /> <br />Dear Mayor Cox: <br /> <br />The Commissioner of Securities has examined all materials <br />submitted by you relating to the proposal to offer <br />revenue bonds as authorized by the Municipal Industrial <br />Development Act in the amount of $600,000 to be used to <br />construct a 15,000 square foot professional and commercial <br />building in Ramsey. <br /> <br />Based upon the information submitted by you, approval of <br />the project is hereby granted by the Commissioner of <br />Securities. Such approval shall not be deemed to be an <br />approval by the Commissioner or the State of the feasibility <br />of the project or the terms of the revenue agreement to be <br />executed or the bonds to be issued therefore. <br /> <br />Commissioner of Securities <br /> <br />JRL: ss <br /> <br />cc: <br /> <br />Randy S. Nelson <br />Robert P. Sands <br /> <br />MINNESOTA COMMERCE DEPARTMENT · AN EQUAL OPPORTUNITY' EMPLOYER <br /> <br /> <br />