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it is presently estimated that construction will begin on or about April 19 81 <br />and will he completed on or about _ September 19 81 . When completed, there will be <br />approximately 30 new jobs created by the project at an annual payroll of approximately <br />$ 250,000.00 based upon currently prevailing wages. <br />The tentative term of the financing is <br />19 81 . <br />25 <br />years, commencing April <br />The following exhibits are furnished with this application and are incorporated herein by reference: <br />1. An opinion of bond counsel that the proposal constitutes a project under Minnesota Stat., <br />Chapter 474.02. <br />2. A copy of the city council resolution giving preliminary approval for the issuance of its revenue <br />bonds. <br />3. A comprehensive statement by the municipality indicating how the project satisfies the public <br />purpose of Minnesota Stat., Chapter 474.01. <br />4. A letter of intent to purchase the bond issue or a letter confirming the feasibility of the project <br />from a financial standpoint. <br />5. A statement, signed by the Mayor, to the effect that upon entering into the revenue agreement, <br />the information required by Minn. Stat. Sec. 474.01 Subd. 3 will be submitted to the Depart- • <br />ment of Economic Development. <br />6. A statement signed by the Mayor, that the protect does not include any property to be sold or <br />affixed to or consumed in the production of property for sale, and does not include any housing <br />facility to be rented or used as a permanent residence. <br />7. A statement signed by the Mayor that a public hearing was conducted pursuant to Minn. Stat. <br />474.01 Subd. 7b. The statement shall include the date, time and place of the meeting and that <br />all interested parties were afforded an opportunity to express their views. <br />8. A copy of the notice of publication of the public hearing. <br />We, the undersigned, are duly elected representatives of the City of Ramsey , Minnesota, <br />and solicit your approval of this project at your earliest convenience so that we may carry it to a final <br />conclusion. <br />Signed by: (Principal Officers) <br />Date of Approval <br />Mayor <br />City Administrator Clerk <br />This approval shall not be deemed to be an approval by the Commissioner or the state of the <br />feasibility of the project or the terns of the lease to be executed or the bonds to be issued therefor. <br />Commissioner of Securities <br />Minnesota Department of Commerce <br />