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it is presently estimated that construction will b(:gia on or about __ <br />and will he completed on or about September , 19 81 <br />approximately 30 new jobs created by the project at an <br />S 250,000.00 based upon currendy prevailing wages. <br /> <br />April ,19 81 ' <br />__. When completed, there will be <br /> annual payroll of approximately <br /> <br /> The tentative term of the financing is 25 <br />19 81 . <br /> <br />years, commencing April <br /> <br />The following exhibks are furnished with this application and are incorporated herein by reference: <br /> <br />1. An opinion of bond counsel that the proposal constitutes a project under Minnesota Stat., <br /> Chapter 474.02. <br /> <br />2. A copy of the city council resolution giving preliminary approval for the issuance of its revenue <br /> bonds. <br /> <br />3. A comprehensive statement by the munlcipality indicat!ng how the project satisfies the public <br /> purpose of Minnesota Stat., Chapter 474.01. <br /> <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 /> <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. 8 will be submitted to the Depart- <br /> ment of Economic Development. <br /> <br />6. A statement signed by the Mayor, that the project 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 re:;idence. <br /> <br />7. A statement signcd by the Mayor that a public .hearing was conducted pursuant to IV]inn. 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 /> <br />8. A copy of the notice of publication of the public hearin9. <br /> <br /> YVe, the undersigned, are duly elected representatives of the City of Rarasey , 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 /> <br /> Si.qned by: (Principal Officers) <br />/ <br /> <br />Mayo r <br /> <br />City Administrator Clerk <br /> <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 terms of the lease to be executed or tile bonds to be issued therefor. <br /> <br />Date of Approval <br /> <br />Commissioner of Securities <br />Minnesota Department of Commerce <br /> <br /> <br />