1. Resolution/MIDA Bond-Bethany - Laserfiche WebLink

NOV RECEIVED 92004 CASS COUNTY COMMISSION CASS COUNTY MIDA BOND APPLICATION FORM 1. 2. Name of applicant: American Lutheran Homes, Inc. Telephone number of applicant: 239-3000 3. Size of issue requested: $4,700,000 4. Type of issue (check one): (a) Small issue - $1,000,000 [Section I44(a)] (b) Small issue - $10,000,000 [Section I44(a)(4)] (c) Qualified residential rental project [Section l42(a)(7)] (d) Qualified 50I(c)(3) issue [Section 145] (e) X Refunding issue (f) Other (specify type): If type of issue checked was small issue ($1,000,000 or $10,000,000), is issue for a manufacturing facility as defined in Section I44(a)(I2)(C)? Yes No 5. 6. Iftype of issue check was qualified residential rental project, will project meet the low income requirements for tenants as set out in Section I42(d)? Yes No 7. Estimated date of issue if approved by County: December 15, 2004 8. Give a brief explanation of project, which explanation should include the location of the project, description of the use of the bond proceeds, and whether or not the project would create additional employment: 9. Bond proceeds will be used to refund the following outstanding bonds issued by Cass County: (i) Nursing Facility Revenue Bonds (American Lutheran Homes, Inc. Project) Series 1996A; (ii) Nursing Facility Refunding Revenue Bonds (American Lutheran Homes, Inc. Project) Series 1998; Health Care Facilities Revenue Bonds (American Lutheran Homes, Inc. Towers II Project) Series 1998; and Congregate Housing Revenue Bonds (American Lutheran Homes, Inc. Kinder Apartments Project) Series 2001. Attached to the Application Form is a check in the amount of$I ,000 which is the application fee, which fee is nonrefundable. If issue does close, the application fee shall be deducted from the issuance fee set out in paragraph 11. (iii) (iv) 10. Attached is a typed Initial Resolution giving project preliminary approval in substantially the form provided by the County Auditor's office. The Initial Resolution shall be placed on the County Commission agenda for a meeting determined by the County Auditor's office. No public hearing is required for refunding bonds. The applicant understands that the issuance fee for a new MIDA bond issue is equal to 1 % of the first $1,000,000 of the Bond issue and that there is no fee beyond the first $1,000,000. For refunding bond issues the issuance fee is one-half of the amount set forth above. II. Dated: November 8, 2004. American Lutheran Homes, Inc. By: