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CM-00424-01 <br /> <br />This Application mu~t be submitted to Commi~ioner in duplicate <br /> <br /> STATE OF MINNESOTA <br /> DEPARTMENT OF COMMERCE - SECURITIES DIVISION <br /> <br /> APPLICATION <br /> <br />FOR APPROVAL OF MUNICIPAL INDUSTRIAL REVENUE BOND PROJECT <br /> <br />Date <br /> <br />To: <br /> <br />Minnesota Department of Commerce <br />Securities Division <br />500 Metro Square Building <br />St. Paul, Minnesota 55101 <br /> <br /> The governing body of Ramse¥ , County of Anoka <br />Minnesota, hereby app!ies to the Commissioner of the State of Minnesota, Securities Division of the <br />Department of Commerce, for approval of this community's proposed municipal Industrial Revenue <br />Bond Issue, as required by Section 1, Subdivision 7, Chapter 474, Minnesota Statutes. <br /> <br />We have entered into preliminary discussions with: <br /> <br />FIRM Charles B. Soderholm, Sr. <br /> <br />ADDRESS 8841 East Research Center Road <br /> <br />CITY New Hope mATE MN ~51~8 <br /> <br />State of Incorporation <br /> <br />Attorney Gary Meyer Address 37q5 R~ghway 52. <br /> <br /> Name of Project $225t000 city of Ramsey Industrial Development Revenue <br /> Bond (Soderholm Project) <br />This firm is engaged primarily in (nature of business): the manufacturing and storage <br /> <br />of water conditioning eqqipment. . <br /> <br /> The funds received from the sale ofthe Industrial Revenue Bonds willbeusedto(generalnatureof <br />project): acquire, construct and equip a manufacturing building. <br /> <br />It will be located in the City of Ramsey, Minnesota <br /> <br /> The total bond issue will be approximately $ <br />costs now estimated as follows: <br /> <br />225,000 <br /> <br />to be applied towakd payment of <br /> <br />Cost Item <br />Land Acquisition and Site Development <br />Construction Contract~ <br />Equipment Acquisition and Installation <br />Architectural and Engineering Fees <br />Legal Fees <br />Interest during Construction <br />Initial Bond Reserve <br />Contingencies <br /> <br />Other ~,. ' <br /> <br /> Amount <br />$ 40,000 <br /> <br />225,000 <br /> <br /> <br />