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y Department at Employment <br />r and Economic. Development. <br />innefdta- <br />December 6, 2007 <br />The Honorable William Blesener <br />Office of the Mayor <br />City of Little Canada <br />515 Little Canada Road East <br />Little Canada, MN 55117 -1600 <br />State File M -4425 <br />RE: Little Canada, Minnesota <br />Educational Facilities Revenue Note <br />(St. John the Evangelist School Project), Series 2007 <br />$2,500,000 <br />Dear Mayor Blesener: <br />The Department of Employment and Economic Development has examined the application <br />and exhibits submitted by you relating to the proposal to offer revenue bonds as authorized <br />by the Municipal Industrial Development Act, Minn. Stats. Sections 469.152 through <br />469.1651. <br />Based upon the information you submitted, approval of the project is hereby granted by the <br />Department of Employment and Economic Development. Such approval shall not be <br />deemed to be an approval by the Department or the State of Minnesota regarding the <br />feasibility of the project or the terms of the revenue agreement to be executed or the <br />bonds to be issued therefor, nor whether the project falls within regulations of Federal Law. <br />This approval does not in any way constitute an approval of an allocation in excess of an <br />entitlement award pursuant to Minn. Stets. Section 474A. Accordingly, it may be <br />necessary for the issuer to seek an allocation under Minn. Stets. Section 474A. <br />Business and Community Development Division <br />1st National Bank Buildings 332 Minnesota Street, Suite E20C 75 - : Paul, MN 55101 -1351 USA ea www.positivelyminnesota.com <br />Toll Free: 800 - 657 -3858 • Phone: 651 - 259 -7114 • Fax: 651- 296 -5287 • TTY /TDD: 651 - 282 -5909 <br />