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`(J4 (J y <B <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />March 19, 1993 <br />TO: Mayor Hanson and Members of the City Council <br />FROM: Kathy Glanzer, Administrative Assistant <br />RE: Final Bond Resolution for Refinancing of <br />RLF of Minnesota Project <br />MAYOR <br />Raymond G. Hanson <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />Attached is a final bond resolution submitted by Briggs and Morgan <br />authorizing the issuance of commercial development revenue refunding <br />bonds for the refinancing of the RLF Project in Yorkton Industrial <br />Park. The building involved is located at the southeast corner of <br />South Owasso Blvd. and Yorkton Blvd. within the Industrial Park. <br />The original bonds were issued in the amount of $2,030,000. Original <br />guarantors of the bonds were Mr. and Mrs. Larry Lee, Mr. and Mrs. <br />Raymond Dykema, and Mr. and Mrs. Francis Husnik. Mr. and Mrs. Larry <br />Lee as well as Mrs. Raymond Dykema are no longer guarantors under the <br />refinancing. <br />Page 18 <br />