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Page 1 of 3 8/21 <br /> <br /> <br />Application for Approval of Local Bond Financing - <br />Pursuant to Minn. Stat. 469.152 – 469.1655 <br /> <br />Please submit two copies of this form but only one copy of supporting documents requested on page 2. <br /> <br />Name of Issuer (Municipality or Redevelopment agency): City of Little Canada, Minnesota <br /> <br />Contracting Party (Non-Profit or Business Name): Saint Paul Academy and Summit School <br /> <br />Industry and Service/Product: Educational services for students in kindergarten through grade 12. <br /> <br />Project Location (street address, city/township, county – if outside city/township): The lower school campus <br />located at 1150 Goodrich Avenue, Saint Paul, Minnesota. <br /> <br /> <br />Current Full-time and Part-time Jobs at Location: 35 FT Jobs 20 PT Jobs <br /> <br />New (not currently in Minnesota) Permanent Jobs Created by Project: _0__ FT Jobs _0__ PT Jobs <br /> <br />Expected Annual Wages of New Full-Time Jobs: $0.00 <br /> <br />Project Type (check one): x Education Health Care Waste/Green <br /> <br /> Other (please describe)_______________________________________ <br /> <br />Description of Project Financed by Bond Proceeds: <br />Construction of renovations to the Borrower’s lower, Kindergarten through fifth-grade, school, including <br />improvements to classroom space and community space, and improvements to safety, accessibility, and <br />infrastructure <br /> <br />Dates of Construction (if applicable): June 2024 - August 2024 and June 2025 - August 2025 <br /> <br />Date Project Expected to be Operational: August 2025 <br /> <br />Dollar Amount of Bonds Expected to be Issued: $10,000,000 <br /> <br />Expected Term: 4 years Expected Interest Rate: Variable; initial rate of approximately 6.12% <br /> <br />Bond Counsel: Catherine J. Courtney, Taft Stettinius & Hollister, LLP Phone: 612-977-8765 <br />E-mail: ccourtney@taftlaw.com