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WATS 1- 800 -537 -7829 <br />MILLER <br />MILLER SECURITIES INCORPORATED <br />May 8, 1984 <br />Minnesota Energy & Economic Development Authority <br />Business Services <br />480 Cedar Street Room 100 <br />Hanover Building <br />St. Paul, Minnesota 55101 <br />MEMBER Natrona: Asso[K4:nn <br />el Sccu n eS Dawn's Inc <br />RE: Application to the City of Little Canada for ten Industrial <br />Development Revenue Bonds for a total amount not to exceed <br />$10,000,000 pursuant to Minnesota Statutes, Chapter 474, O. Larry <br />Lee, General Partner. <br />At the request of O. Larry Lee, General Partner of the partnerships to be <br />formed, we have conducted an informal study as to the phased economic <br />feasibility of the proposal that the City of Little Canada issue in an <br />amount not to exceed $10,000,000 of it's revenue bonds under provisions <br />Minnesota Municipal Industrial Development Act to provide funds to finance <br />the acquisition of, construction. leasing, ownership, and managing of the <br />proposed ten office /warehouse /manufacturing facilities. <br />Based on our investigation of 0. Larry Lee, we believe the project is <br />economically feasible and the revenue bonds of the City can be <br />successfully issued and sold. We propose to sell the bonds, subject to the <br />approval of the project by the Minnesota Energy & Economic Development <br />Authority, O. Larry Lee and Miller Securities Incorporated to the terms and <br />conditions of the issuance and sale of the bonds. <br />Sincerely,.,, <br />'. H. Ronald Berg <br />Vice President <br />CC: Trudy Haifa <br />O. Larry Lee <br />27 <br />sacl `7?; <br />MAY 10 <br />CITY OF <br />LITTLE CANADA <br />1660 S. Highway 100, Suite 421 • Minneapolis. Minnesota 55416 • Phone (612) 544 -6660 <br />