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Revised Nov. 2004 <br />STATE OF MINNESOTA <br />MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT <br />BUSINESS AND COMMUNITY DEVELOPMENT DIVISION <br />APPLICATION FOR APPROVAL OF INDUSTRIAL DEVELOPMENT BOND <br />PROJECT PURSUANT TO MINNESOTA STATUTES, SECTION 469.152 THROUGH 469.165 <br />(Please submit this form in duplicate - all supporting data in single copy only) <br />Date: November 11. <br />-I 2007 <br />The governing body of the City of Little Canada, Minnesota hereby applies to the Minnesota Department of <br />Employment and Economic Development (Department) for approval of a proposed Industrial Development Bond <br />issue as required by Minn. Stat. § 469.152 - 469.165. <br />Address of issuer: 515 Little Canada Road East Little Canada, MN 55117 -1600 <br />Attn: Joel R. Hanson <br />Telephone: 651-766-4040 Fax: 651- 766 -4048 <br />We have entered into preliminary discussions with: <br />Firm: St. John's Church of Little Canada, Minnesota <br />Address: 380 Little Canada Road East <br />City: Little Canada State MN Zip 55117-1699 <br />Name of Project: St. John the Evangelist School <br />Attorney: Meier, Kennedy & Quinn, Chartered <br />Address: 445 Minnesota Street, Bremer Tower, # 2200 <br />City: St. Paul State MN Zip 55101 -2100 <br />This firm is engaged primarily in (nature of business): School for Grades kinder"arten through 8th erade. <br />The proceeds from the sale of the Industrial Development Bonds will be used to (describe the project): Refinance <br />the debt incurred in connection with the renovation, construction and equipping of additions to the non - religious <br />portion of an elementary school. <br />Address of Project: 2621 Mcmenemy Street, Little Canada, Minnesota 55117 <br />Acquisition of land: $ 0 <br />New construction: <br />Demolition and site preparation: 0 <br />Acquisition and Installation of Equipment: 0 <br />Fees: Architectural, engineering, inspection, <br />fiscal, legal, administration, or printing: <br />Construction Interest: <br />Initial Bond Reserve: <br />Contingencies: <br />Refinance: $2 500 000 <br />Total: 32 500,000 <br />2098318v2 <br />- 5 9 - <br />