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STATE OF MINNESOTA <br />MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT <br />BUSINESS AND COMMUNITY DEVELOPMENT DIVISION <br />APPLICATION FOR APPROVAL OF INDUSTRIAL DEVELOPMENT BOND <br />PROJECT PURSUANT TO MINNESOTA STATUTES, SECTION 469.152 THROUGH 469.165 <br />(Please submit this form in duplicate -all supporting data in single copy only) <br />Date: , 2009 <br />The governing body of the City of Arden Hills, Minnesota, hereby applies to the Minnesota Department <br />of Employment and Economic Development (Department) for approval of a proposed Industrial <br />Development Bond issue as required by Minn. Stat. § 469.152 - 469.165. <br />Address of issuer: City of Arden Hills, Minnesota <br />1245 West Highway 96 <br />Arden Hills, Minnesota 55112 <br />Attn: Sue Iverson, City Finance Director/Treasurer <br />Telephone: (651) 792-7800 <br />Fax: (651) 634-5137 <br />We have entered into preliminary discussions with: <br />Firm: Northwestern College Attorney: Grover Sayre <br />3003 Snelling Avenue North Leonard, O'Brien, Spencer, Gale, & Sayre <br />Roseville, MN 55113 100 South Fifth Street, Suite 2500 <br />Attn: Douglas R. Schroeder, Minneapolis, MN 55402 <br />VP for Business and CFO <br />Name of Project: Northwestern College Project <br />This firm is engaged primarily in (nature of business): education. <br />The proceeds from the sale of the Industrial Development Bonds will be used to finance the construction <br />and equipping of an approximately 70,000 square foot facility, which will provide new dining facilities, <br />an expanded campus store, student lounges, study areas, office space for student organizations, <br />classrooms, and meeting spaces, to be located in the City. <br />Address of Project: , Arden Hills, Minnesota. <br />