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City of <br />®0® <br />®® ®0 <br />000 00 <br />0®® <br />apple14200 Cedar Avenue S. Telephone 612 - 432.0750 <br />vi a I ey Apple Valley, Minnesota 55124 <br />January 24, 1985 <br />Mr. Joseph Chlebeck <br />Clerk /Treasurer <br />City of Little Canada <br />515 Little Canada Road <br />St. Paul, MN 55117 <br />RE: 1985 Industrial Revenue Bond Entitlement Authority <br />Dear Mr. Chlebeck: <br />Your city, like Apple Valley, is classified as an Industrial <br />Revenue Bond (IRB) Entitlement Issuer. According to information <br />received from the Minnesota Department of Energy and Economic <br />Development, as of September 2, 1984 your city returned to the <br />State competitive pool either all or a substantial part of your <br />1984 entitlement. <br />The State informs us that for 1985, IRB entitlement amounts will <br />increase roughly one percent over 1984 amounts. Thus, it is <br />likely that for 1985 your city will have an IDB entitlement of <br />approximately $ 1,196,480. As you may or may not know, any city <br />may, by Joint Powers Resolution, transfer any or all of its <br />entitlement to another city. <br />For 1985, Apple Valley has a need for $ 5,000,000 of IDS <br />authority beyond its own entitlement of $ 3,139,191. While the <br />amount of your entitlement is less than our needs, every amount <br />received does indeed count, and we would appreciate any <br />assistance you could provide in helping us obtain this additional <br />issuance authority. Please check the appropriate boxes on the <br />enclosed form and return it to us in the provided envelope as <br />soon as possible. Thank you in advance for your time and <br />consideration. <br />RGA /t1 <br />Enclosure <br />prEmu <br />JAN 28 1985 <br />CITY OF <br />U TILE CANADA,- <br />Sincerely, <br />CITY OF APPLE VALLEY <br />/Richard G. Asleson <br />City Administrator <br />4 r <br />F{orne of the Minnesota Zoological Garden <br />