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CM-00424-01 <br /> <br />This Application must be submitted to Commissioner 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 October 28 <br /> <br />, 1980 <br /> <br />To: <br />Minnesota Department of Commerce <br />Securities Division <br />500 Metro Square Building <br />St. Paul, Minnesota 55101 <br /> <br /> The governing body of the city of Ramsey , 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 Alan C. Phillips <br /> <br />ADDRESS 4021 160th Lane N.W. <br /> <br />CITY Anoka STATE Minnesota 55303 <br /> <br />State of Incorporation N/A <br /> <br />· Richard A. Primuth 4200 IDS Center <br />Attorney .Lindquist & Vennum 'Address Minneapolis, MN 55402 <br /> <br />Name of Project Alan C. Phillips <br /> <br /> This firm isengaged primarilyin (natureofbusiness): Altron, Inc., a Minnesota <br />corporation, will be principal lessee of the Project and is engaged <br />in electronic manufacturing. ... <br /> <br /> The funds received from thesale ofthelndustrial Revenue Bonds willbeusedto(generalnatureof <br />project): Construct a buil. dinq and purchase equipment to be used as a <br />warehouse and office buildin9 to be leased to Altron, Inc. and other <br />tenants. <br /> <br />It will I)e located in <br /> <br />the City of Ramsey <br /> <br />The total bond issue will be approximately $1,000,000-00. to be applied toward payment of <br /> <br />costs now estimated as follows: <br /> <br /> Cost Item <br /> Land Acquisition and Site Development <br /> Construction Contracts <br /> Equipment ACCluisition and Installation <br /> Arct~itectural and Engineering Fees <br /> Legal Fees <br /> Inter~;st during Construction <br /> Initial Bond Reserve <br /> Contingencies <br /> Bond Discount <br /> Other <br /> <br />Amount <br /> <br />_ 725~000_00 <br /> 150rOO0_OO . <br /> <br /> 55rOD~-O0 .. <br /> <br /> 30,000.00 <br /> --0-- <br /> <br /> <br />