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<br />'- 'CM-00424-0l <br /> <br />This Application must be submitted to the Commissioner in duplicate. <br /> <br />ST F ~1 NNES <br />DEPARTMENT OF ENERGY, PLANNING AND DEVELOPMENT <br />BUSINESS SERVICES <br /> <br />Application <br />For Approval of Municipal Industrial Revenue Bond Project <br /> <br />Date April 27, 1982 <br /> <br />To: <br /> <br />Minnesota Department of Energy, Planning and Development <br />Business Services <br />480 Cedar Street <br />St. Paul, MN 55101 <br /> <br />The governing body of 'the City of NaN Brighton ,County of P.arrsey <br />Minnesota, hereby applies to the Commissioner of the State of Minnesota, Department <br />of Energy, Planning and Development, for approval of this community's proposed <br />municipal Industrial Revenue Bond Issue, as required by Section 1, Subdivision 7, <br />Chapter 474, Minnesota Statutes. <br /> <br />We have entered into preliminary discussions with: <br /> <br />Fi rm HcCullough & COnpany, an Illinois partnership <br />Address 303 North Main Street <br /> <br />State Illinois <br /> <br />C; ty Rockford <br />State of Incorporation Illinois <br />John Holrostran, 1..l.L <br />Attorney Holmstrom & Green <br />Name of Project t~louqh <br /> <br />aoo lllUL th C1ULdl 5t.Lt:::et <br />Address Rockford. Illinois <br /> <br />& Company Hotel Proiect <br /> <br />This firm is engaged primarily in (nature of business): Development <br /> <br />The funds received from the sale of the Industrial Revenue Bonds will be used to <br />(general nature of project): acquire land, acquire and construct a buildinq thereon <br /> <br />and install equipment therefor to be used as a first-class hotel and related facilities <br /> <br />I t wi 11 be 1 oca ted in City of New Brighton, County of Ramsey, State of Hinnesota <br />, <br /> <br />The total bond issue will be approximately $ 10,000,000 <br />toward payment of costs now estimated as follows: <br /> <br />Cost Item <br />Land Acquisition and Site Development <br />Construction Contracts <br />Equipment Acquisition and Installation <br />Architectural and Engineering Fees <br />Lega 1 Fees <br />Interest during Construction <br />Initial Bond Reserve <br />Contingencies <br />Bond Discount <br />Other <br /> <br />to be applied <br /> <br />Amount <br /> <br />$ 259,000 <br />7,100,000 <br />1,477,000 <br /> <br />1,164,000 <br />