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Commissioner of Banks <br /> (612) 296-2715 <br />Commissioner of Insurance <br />(612) 296-2488 <br /> <br /> ATE OF MINNESOTA, <br /> <br />Commissioner of Securities <br />(612) 296-6848 <br /> Executive Secretary <br /> (612) 296-2283 <br /> <br /> 500 Metro Square Building <br /> St. Paul, Minnesota 55101 <br /> <br />· ~e ~ono~able ~homa$ Gamee <br />Ramsey City Hall <br />Ramsey, Minnesota 55303 <br /> <br />Re: <br /> <br />$225,000 Industrial Development Revenue Bonds of the City <br />of Ramsey (Solderholm Project) <br /> <br />Dear Mayor Gamee: <br /> <br />The Commissioner of Securities has examined the application and <br />exhibits submitted by you relating to the proposal to offer <br />revenue bonds as authorized by the Municipal Industrial <br />Development Act. <br /> <br />Based upon the information submitted by you, approval of the <br />project is hereby granted by the Commissioner of Securities. <br />Such approval shall not be deemed to be an approval by the <br />Commissioner oc the State of the feasibility of the project <br />or the terms of the revenue agreement to be executed or the bonds <br />to be issued therefore. <br /> <br />Very truly yours, <br /> <br />Commissioner of Securities <br /> <br />MAB:JCW:bp <br /> <br />cc: James G. Ray <br /> <br />AN EQUAL OPPORTUNITY EMPLOYER <br /> <br /> <br />