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CITY OF LITTLE CANADA INDUSTRIAL REVENUE FINANCING APPLICANT'S DATA 1. Applicant: a. Business Name- Freeway Land Company b. Business Address: 223 Little Canada Road, Little Canada, MN 55117 c. Business Form (corporation, partnership, sole ptupLietorship, etc.): Parrnership d. State of Incorporation or Organization: Minnesota e. Authorized Representative: Kenneth H. Vohs f. Phone: (612) 483 -4521 g. Name(s) and Addresses of Major Stockholders or Principals: (1) Robert Olsen Eric Gunlogson Thomas Farm (2) Reynold Thielen Richard Hughes Kenneth Vohs (3) Duane McGowan Paul Erick 2. Primary Nature of Company's Business: Rental of office space 3. Total Amount of Industrial Revenue Bond Issue Requested: $2,059,000* Cost Breakdown: /and Building • Land Acquisition & Site Development $1,200,000 Construction Contracts 451,000 Equipment Acquisition and Installation 350,000 Architectural and Engineering Fees 20,000 Legal Fees 20,000 Interest During Construction ' 15,000 Initial Bond Reserve Contingencies Bond Discount or Underwriter City Bond Consultant City Administrative Expenses 3,000 Financing Cotunittment & Service Fees *The project includes funding for the purchase of existing facilities from the applicant. The facilities are in need of renovation which the applicant plans to undertake directly if the requisite number of its partners can reach final agreement: If this final agreement of its partners cannot be achieved, the applicant will designate a different partnership containing some of its current partners to complete the project. Such other partnership would first need to acquire the existing facil- ities from the applicant. If the applicant directly undertakes the project without a sale, the total amount of bonds to be issued would not exceed $859,000, to be devoted to all costs listed other titian ,l.and :y,d building acquisition and site development. •