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[whibit 3 <br />LI'TY'S S-It"TIMMT <br />-rhe City U'Uncil of t,',OtJJ,(Jfi view, Minnrsot4 hereby submits to t h r <br />Commissioner nf S acuritles aild 110'al Estate t1l,t, Stattsmant ar, U %rhil-.11 A fn ri-,- <br />City r. Application f( -,r Appi-t-wal of a Muni0pil Ra,!anuo bond PrOJOCA, F. <br />'Y Mlnnp�rjn v 7 !�vttiwn 111.01, 7o, .411d <br />following rtatoment! <br />1� Representatk-uls of KI-Auit-Anderson Development Corpirati <br />ton, a <br />Minnesota Corporation, whose addrgis '-. 25101 Minnehaha Avenua, Minnoopolls <br />Minnesota 5-5404 (acting for itself or as general partner of a to be for -mad Nmitec" <br />partnership), have on -tared 'Into disgusbions with officials of the City concerning <br />that fi;ilffiriffll Vf the wifit- Qlf liincl ac-"uip.1tion and the c�-nsfrttctinn M a <br />comrurclul oViciii building facility 014 "Project") to be located in the City <br />through the issuanus and onto of coilinwirclal development revenue bonds in <br />ADOMPAto amount 'tot -to 9*cosd V,000,000 (the "Bonds") by tlis City. The <br />total cost Of the Pr*Jft-t Is astimsted to be 112,000,000, with all financing <br />expucted to 1;s provided by the Bonds. <br />-ilitV ai"Glulling -OppfOXIMSUIV. 7% <br />T"- Pmjsr <br />A.wil! c-nsj#t of a f <br />Map* feet. It is anticipated that the Bonds will be sold privately to orfii <br />-An the "reliminairy Resolution, -the City Couni:41-4* <br />determined that the Project satisfies the public purpose of Min"SO a Statutp <br />See% <br />—W, 474M. In making this determination consideration was Olven to the <br />--0- - ---Tho -?_Ntat -will -bo - revenue . producing- � and- will <br />F.- <br />6 PN I A WW <br />:444 Venstructio"401sa- and: s""111014metw <br />POPM <br />A <br />W7 <br />Loun <br />-D F My <br />10V Prevent Mnomia dater4orattonAti-VicC <br />W -11—A .1— —1 <br />9) The City Attorni and bond counsel <br />Y ry <br />MI <br />—Y --n tell# SMUMI 474.02, SUM4 10, <br />CL 2 <br />- - - - - - - - - - - <br />7 <br />By <br />.6yor <br />