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LEONARD E. LINDQUIST <br />NORMAN L.NEWHALL <br />LAURESS V.ACKMAN <br />GERALD E MAGNUSON <br />EDWARD M.GLENNON <br />M ELVIN I. ORENSTEIN <br />ISRAEL E.KRAWETZ <br />EUGENE H. KEATING <br />JAM ES P. MARTINEAU <br />RICHARD J. FITZGERALD <br />PHILIP J.ORTHUN <br />EDWARD J. PARKER <br />JOHN A. FORREST <br />WILLIAM E. FOX <br />JERROLD F. BERGFALK <br />WILLIAM T. DOLAN <br />MICHAEL D. WEIN BERG <br />JOHN H.STROTHMAN <br />DAVID G. NEWHALL <br />KURT'S A. OREENLEY <br />ROBERT V. ATMORE <br />HOWARD J. KAUFFMAN <br />JOHN B. WINSTON <br />LAURANCE R. WALDOCH <br />Gentlemen: <br />L I N D Q U I S T & VENNUM <br />4200 IDS CENTER • 80 SOUTH • 1-1 STREET <br />MINNEAPOLIS, MINNESOTA 55402 <br />TELEPHONE (612) 371 -32 <br />CABLE ADDRESS: LINLAW <br />WAYZATA OFFICE <br />740 EAST LAKE STREET <br />WAYZATA, M I N N ESOTA 55391 <br />October 1, 1980 <br />City of Ramsey <br />City Hall <br />15153 Nowthen Boulevard <br />Ramsey, Minnesota 55303 <br />Re: Commercial Development Revenue Bond <br />(Alan C. Phillips Project) <br />THOMAS H. GARRETT to <br />DARYLE L. UPMOFF <br />DAVID J. DAVENPORT <br />MARK R.JOHNSON <br />RICHARD A. PRIMUTH <br />JEFFREY R.SCHMIDT <br />KRISTINE STROM ERICKSON <br />TIMOTHY H. BUTLER <br />ROBERT G. MITCHELL, JR. <br />J. MICHAEL D•DY <br />J. KEVIN COSTLEY <br />ROBERT J. HARTMAN <br />JOSEPH G. KOHLER <br />JACK A. ARNOLD <br />RICHARD D. MENEIL <br />ALAN C. PAGE <br />JAMES P. MCCARTHY <br />STEVEN J.JOHNSON <br />LYNN M. ANDERSON <br />OF COUNSEL <br />THOMAS VENNUM <br />DENNIS M. MATHISEN <br />DAVID M. LE BE DOFF <br />We have received a proposed resolution to be adopted by <br />the governing body of the City of Ramsey, Minnesota, entitled <br />"RESOLUTION GIVING PRELIMINARY APPROVAL TO A PROJECT WITH ALAN C. <br />PHILLIPS UNDER THE MUNICIPAL INDUSTRIAL DEVELOPMENT ACT, GIVING <br />PRELIMINARY APPROVAL FOR THE ISSUANCE OF A REVENUE BOND TO FINANCE <br />THE PROJECT, AUTHORIZING THE SUBMISSION OF AN APPLICATION FOR <br />APPROVAL OF SAID PROJECT TO THE COMMISSIONER OF SECURITIES AND <br />AUTHORIZING THE PREPARATION OF NECESSARY DOCUMENTS" (the "Resolu- <br />tion"), relating to a proposal that the City of Ramsey issue its <br />revenue bond under Minnesota Statutes, Chapter 474, to finance, in <br />whole or in part, a project on behalf of Alan C. Phillips. <br />On the basis of our review of the proposed resolution and <br />preliminary discussions as to the nature of the project and the <br />proposed financing, it is presently our opinion that the project <br />constitutes a "project" within the meaning of Minnesota Statutes, <br />Section 474.02, Subdivision 1(a) and that the City is authorized, <br />assuming proceedings are taken in accordance with the provisions <br />of Minnesota Statutes, Chapter 474 and other applicable law, to <br />issue its revenue bond as proposed by the Resolution. <br />Yours truly, r / <br />