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Commissioner of Banks <br />(61 2) 296-2135 <br />Commissioner of Insurance <br />(612) 296-2488 <br /> <br />November 19, 1980 <br /> <br />STATE OF MINNESOTA <br /> <br />DEPARTMENT OF COMMERCE <br /> 500 Metro Square Building <br /> St. Paul, Minnesota 55101 <br /> <br />The Honorable Thomas Garnes <br />Mayor of Ramsey <br />Ramsey City Hall <br />15153 Nowthen Boulevard <br />Ramsey, Minnesota <br /> <br />Re: $1,000,00~ Commercial Development Revenue Bonds <br /> of City of Ramsey, Minnesota (Alan C. Phillips <br /> Project) <br /> <br />Commissioner ol Securities <br />(612) 296-2594 <br /> Executive Secreta~/ <br /> (612) 296-2283 <br /> <br />Dear Mayor Garnes: <br /> <br />The Commissioner of Securities and Real Estate has examined <br />the application and exhibits submitted by you relating to <br />the proposal to offer revenue bonds as authorized by the <br />Municipal Industrial 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 />and Real Estate. 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 therefor. <br /> <br />Very truly yours, <br /> <br />MARY ALICE BROPHY / <br />Commissioner of Securities and Real <br /> <br />Estate <br /> <br />MAB:KH:bp <br />Enclosure <br />cc: Paul Ttetz <br /> <br />AN EQUAL OPPORTUNITY EMPLOYER <br /> <br /> <br />