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To whom it may concern, <br />Notice is hereby <br />will meet at the <br />P.M. on the 10th <br />Park Associates, <br />described by the <br />CITY OF LITTLE CANADA <br />NOTICE OF PUBLIC HEARING ON <br />A PROPOSAL FOR A COMMERCIAL <br />FACILITIES DEVELOPMENT PROJECT <br />ROUND LAKE OFFICE PARK <br />$ 2,600.000.00 <br />given that the Council of the City of Little Canada,Minnesota, <br />City Center, 515 Little Canada Rd. in said City, at 7:35,o "clock <br />day of October 1979, to consider the proposal of, Round Lake Office <br />that the.City assist in the financing of a project hereinafter <br />issuance of industrial development bonds. <br />( PROJECT) <br />The project shall consists of two office buildings of three floors each <br />containing approximately 27,000 sq ft each. The structures shall be of <br />concrete and steel with steel stud and drywall for interior portioning of <br />indvidual office space. It is anticipated that the project would be phased. <br />The first building to start as soon as possible, the second to follow in no <br />more than 18 months. <br />The land consists of approximately 3.5 acres of generally level land. The material <br />is granular and easy to work with. Located on the corner of Little Canada Road <br />and Market Street in the City of Little Canada. <br />It is anticipated that the project will employ between -5- and 6 people,- 3 - & -4- <br />of which would be on full time basis. It is estimated that the people employed <br />by tenants in the building would be approximately 300. <br />Costs of the project. <br />Land <br />Buildings <br />Site Work <br />Architect 6 % <br />Legal <br />Accounting <br />Placement <br />Construction Interest <br />including fees and Closing <br />$ 309,000.00 <br />$1,890,000.00 <br />$ 60,000.00 <br />$ 113,400.00 <br />$ 35,000.00 <br />$ 25,000.00 <br />$ 30,000.00 <br />cost $ 130,000.00 <br />$ 2,592,400.00 <br />3 <br />