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CM- 00424 -01 <br />This Application must be submitted to the Commissioner in duplicate. <br />STATE OF MINNESOTA <br />DEPARTMENT OF ENERGY, PLANNING AND DEVELOPMENT <br />BUSINESS SERVICES <br />Application <br />For Approval of Municipal Industrial Revenue Bond Project <br />Date <br />To: <br />Minnesota Department of Energy, Planning and Development <br />Business Services <br />480 Cedar Street <br />St. Paul, MN 55101 <br />The governing body of the City of Little Canada , County of Ramsey <br />Minnesota, hereby applies to the Commissioner of the State of Minnesota, Department <br />of Energy, Planning and Development, for approval of this community's proposed <br />municipal Industrial Revenue Bond Issue, as required by Section 1, Subdivision 7, <br />Chapter 474, Minnesota Statutes. <br />We have entered into preliminary discussions with: <br />Firm Forster - Matson Properties <br />Address 913 Wpgt Minnehaha <br />City Saint Paul State Minnesota 59104 <br />State of Incorporation Minnpgnta general partnership <br />Attorney Briggs and Morgan, P.A. Address St. Paul, MN <br />Name of Project -,m <br />Fleburger Restaurant Proj ct <br />This firm is engaged primarily in (nature of business): owning and <br />operating restaurants <br />The funds received from the ,ale of the Industrial Revenue Bonds will be used to <br />(general nature of project): construct and partially equip a <br />restaurant facility <br />It will be located in Little Canada <br />The total bond issue will be approximately $ 240,000 to be applied <br />toward payment of costs now estimated as follows: <br />Cost Item Amount <br />Land Acquisition and Site Development $ <br />Construction Contracts 210,000 <br />Equipment Acquisition and Installation <br />Architectural and Engineering Fees 5,000 <br />Legal Fees 8,000 <br />Interest during Construction 10,000 <br />fnrt-ia-1- Bend- ites-erve Bank fees 6,000 <br />Contingencies <br />Bond - -Discount Placement fee <br />Other - City fee <br />r <br />J <br />2,000 <br />1,500 <br />