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.., ,I~:'i s presently estimated that constructi on wi 11 begli n on or about November 1 '. '.. ,,191l2, and will be completed on or about August 1 , 19~. Hhen completed, '. there will be approximately 25 new jObs created by the project at an annual .. payroll of approximately $ 2,000,000 based upon currently prevailing wages. " The tentative term of the financing is 19 82 . 20 years, commencing December 1 The following exhibits are furnished with this application and are incorporated herein by reference: 1. An opinion of bond coun5el that the proposal constitutes a project under Minnesota Stat., Chapter 474.02. 2. A copy of the city council resolution giving pre1'iminary approval for the issuance of its revenue bonds. 3. A comprehensive statement by the municipality indicating how the project satisfies the public purpose of Minnesota Stat., Chapter 474.01. , 4. A letter of intent to purchase the bond issub or a letter confirming the feasibility of the project from a financial .~tandpoint. 5. A statement, signed by the principal representative of the issuing authority, to the effect that upon entering into the revenue agreement, the information required by Minn. Stat., Ch. 474.01 Subd. 8 will be submitted to the Department of Energy, Planning and Development. 6. A statement, signed by the principal representative of the issuing authority, that the project does not include any property to be sold or affixed to or consumed in the production of property for sale, and does not include any housing facility to be rented or used as a permanent residence. 7. A statement, signed by the principal representative of the issuing authority, that a public hearing was conducted pursuant to Minn. Stat. 474.01 Subd. 7b. The statement shall include the date, time and place of the meeting and that all interested parties were afforded an opportunity to express their views.' 8. A copy of the notice of publication of the public hearing. We, the undersigned, are duly elected representatives of the City of New Briqhton , Minnesota, and solicit your approval of this project at your earliest convenience so that we may carry it to a final conclusion. . (Principal Officers or Representatives of Issuing Authority) Cle -Treasurer Thi approval shall not be deemed to be an approval by the Corrmissioner or the State of the feasibility of the project or the terms of the lease to be executed or the bonds to be issued therefor. Date of Approval Commissioner Minnesota Department of Energy, Planning and Development