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<br />_<eVised Feb. 2001 <br /> <br />STATE OF MI1\NESOTA <br />MINNESOTA DEPARTMENT OF TRADE AND ECONOMIC DEVELOPMENT <br />BUSINESS AND COMMUNITY DEVELOPMENT DIVISION <br /> <br />APPLJCA TION FOR APPROVAL OF INDUSTRIAL DEVELOPMENT BOND <br />PROJECT PURSUANT TO MINNESOTA STATUTES, SECTION 469.152 THROUGH 469.165 <br /> <br />(Please submit this form in duplicate -all supporting data iu single copy only) <br /> <br />Date: Sentember 10.2001 <br /> <br />The governing body of the Citv of Arden Hills. Couuty of Ramsev , Minnesota, hereby <br />applies to the Minnesota Department of Trade and Ecouomic Developmeut (Department) for approval of a proposed Industrial <br />Development Bond issue as required by Minn. Stat. S469.152 - 469.165. <br /> <br />Address oflssuer Arden Hills City Hall. 4364 West Round Lake Road <br />Ardent Hills. MN 56374-04518 <br />Altn: Joe Lvnch. Citv Administrator Telephone: 651-633-5676 <br />Fax: <br /> <br />We have entered into preliminary discussions with: <br /> <br />Firm: Presbyterian Homes Bloomin2ton Care Center. Inc. Attorney: Messerli & Kramer <br />Address: 3220 Lake Johanna Boulevard Address: 150 South 5th Street. Suite 1800 <br />_City: Arden Hills State: MN Zip: 55112 City: Minneaoolis State: MN Zip: 55402 <br /> <br /> <br /> <br />Name of Project: Presbyterian Homes Bloominllton Care Center. Inc. Proiect <br /> <br /> <br />This firm is engaged primarily in (nature of business): Providing health care <br /> <br />The proceeds from the sale of the Industrial Development Bonds will be used to (describe the project): <br />Refinance caoital costs incurred at the Bloomilllrton Care Center and McKni2:ht Care Center nursimr homes <br /> <br />Address of Project: Bloomington Care Center. 401 W. 95'h St.. Bloomington. Minnesota <br />McKnight Care Center. 3220 Lake Johanna Boulevard. Arden Hills. Minnesota <br /> <br />Acquisition of Land: (Refinancing) <br />New construction: <br />Demolition and site preparation: <br />Acquisition and installation of Equipment: (Refinancing) <br />Fees: Architectural, engineering, inspection, <br />fiscal, legal, administration, or printing: <br />Construction Interest: <br />Initial Bond Reserve: <br />Contingencies: <br />Other: <br /> <br />$ <br /> <br />1.402.809 <br /> <br />707.191 <br /> <br />50.000 <br /> <br />e <br /> <br />TOTAL: <br /> <br />$ <br /> <br />2.250.000 <br /> <br />21060vl <br />