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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 — 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 Metal- tronics, Inc. <br />Address 3779 North Dunlap <br />City Saint Paul State Minnesota 55112 <br />State of Incorporation Minnesota <br />Attorney <br />Briggs and Morgan Address aanntRPaul,NMnnnesotaan5511011g <br />Name of Project Metal - tronics, Inc. Project <br />This firm is engaged primarily in (nature of business): metal fabricator <br />The funds received from the sale of the Industrial Revenue Bonds will be used to <br />(general nature of project): acquire construct and equip a 41,000 square <br />foot office /warehouse /fabricating facility <br />It will be located in Little Canada <br />The total bond issue will be approximately $ 1 250 000 to be applied <br />toward payment of costs now estimated as follows: <br />Cost Item <br />Land Acquisition and Site Development <br />Construction Contracts <br />Equipment Acquisition and Installation <br />Architectural and Engineering Fees <br />Legal Fees <br />Interest during Construction <br />Initial Bond Reserve <br />Contingencies <br />Bond Discount <br />Other <br />Amount <br />$ 190,000 <br />760,000 <br />225,000 <br />15,000 <br />20,000 <br />30,000 <br />10,000 <br />