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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766-4029 / FAX: (651) 766-4048 <br />www.littlecanadamn.org <br />MAYOR <br />Tom Fischer <br /> <br />COUNCIL <br />Teresa Miller <br />Amanda Gutierrez <br />Dave Miller <br />Chris Kwapick <br /> <br /> <br /> <br />April 24, 2024 <br /> <br />Via Email and U.S Mail <br /> <br />Mr. Kevin McKinnon <br />Minnesota Department of <br />Employment and Economic Development <br />Great Northern Building <br />180 Fifth Street East, 12th Floor <br />St. Paul, Minnesota 55101 <br /> <br />Re: City of Little Canada, Minnesota Capital Campaign Financing Note, Series 2024 (Saint <br />Paul and Summit School Project) <br /> <br />Dear Mr. McKinnon: <br /> <br />Attached hereto in duplicate is the application of the City of Little Canada, Minnesota (the <br />“Issuer”) for approval of the above-referenced project (the “Project”) including a copy of the <br />Resolution approving the issuance of the bonds adopted by the City Council of the Issuer. <br /> <br />As indicated in the attached Resolution, we believe that this Project fully meets the public <br />purpose requirements of Minnesota Statutes, Sections 469.152 to 469.165 (the “Act”). Saint Paul <br />Academy and Summit School, a Minnesota nonprofit corporation (the “Borrower”), provides <br />educational services to students from kindergarten through grade twelve. The Issuer desires to <br />help promote development of educational facilities, and believes that the financing of the Project <br />by the issuance of the revenue bonds will accomplish that objective. Reference is made to the <br />Resolution for a more definitive statement of the public purposes served by the financing. <br /> <br />The Project does not contain any property to be sold or affixed or consumed in the production <br />of property for sale, and does not include any housing facility to be rented or used as a permanent <br />residence. <br /> <br />The Issuer has complied with the notice and hearing requirements of Minnesota Statutes, <br />Section 469.154, subdivision 4, and agrees it will comply with the reporting requirements set forth <br />in Minnesota Statutes, Section 469.154, subdivisions 5 and 7. The public hearing was held on April <br />24, 2024, in the Council Chambers of City Hall, 515 Little Canada Road E., Little Canada, Minnesota, <br />a draft copy of the enclosed application with all attachments was available for public inspection <br />and all interested parties were afforded an opportunity to express their views.