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The Citv of Little Canada, Minnesota Comprehensive Statement <br />November , 2007 <br />Mr. Paul Moe <br />Minnesota Department of Employment <br />and Economic Development <br />First National Bank Building, Suite E -200 <br />322 Minnesota Street <br />St. Paul, MN 55101 -1351 <br />Re: The City of Little Canada, Minnesota Educational Facilities Revenue <br />Note (St. John the Evangelist School Project), Series 2007 <br />Dear Mr. Moe: <br />Attached hereto in duplicate is the application of the City of Little Canada, Minnesota <br />(the "City ") for approval of the above - referenced project (the "Project ") by the Commissioner of <br />the Department of Employment and Economic Development, including a copy of' the <br />Preliminary Resolution adopted by the City Council of the City. <br />As indicated in the attached Preliminary Resolution, we believe that this Project fully <br />meets the public purpose requirements of Minnesota Statutes, Sections 469.152 through <br />469.1651 (the "Act "). In particular, this Project will provide additional educational opportunities <br />and accomplish the addition of approximately four (4) new jobs in the community in addition to <br />eighty (80) construction jobs created by the Project. <br />Reference is made to the Preliminary Resolution for a more definitive statement of the <br />public purposes served by the financing. <br />The Project does not contain any property to be sold or affixed or consumed in the <br />production of property for sale, and does not include any housing facility to be rented or used as <br />a permanent residence. <br />The City has complied with the notice and hearing requirements of Minnesota Statutes, <br />Section 469.154, Subdivision 4, as amended, and agrees it will comply with the reporting <br />requirements set forth in Minnesota Statutes, Section 469.154, Subdivision 5. The public <br />hearing was held at a regular meeting of the City Council on November 14, 2007 at 7:30 o'clock <br />p.m., at the Council chambers of City Hall located in the City of Little Canada, 515 Little <br />Canada Road East, Little Canada, MN 55117 -1600, and all interested parties were afforded an <br />opportunity to express their views. A draft copy of the enclosed application was available for <br />public inspection. <br />2098374v1 <br />-10- <br />