2. MIDA Bond/Plains Art Museum - Laserfiche WebLink

RECEIVED ARNTSON & STEWART, P.C. JON M. ARNTSON' JAMES H. STEWART" Attorneys at Law 51 Broadway, Suite 603 P.O. Box 789 Fargo, North Dakota 58107-0789 MISS1ON~------- .- -.----. CASS COUNTY COM Telephone 701-280-0195 Telecopier 701-280-1403 OCT 2 7 2005 ALSO LICENSED IN 'MINNESOTA "OREGON October 27,2005 Ms. Joyce Schepp Secretary Board of Commissioners P.O. Box 2806 Fargo, North Dakota 58108 Re: Cass County, North Dakota Museum Facilities Refunding Revenue Bonds (Plains Art Museum Project), Series 2005 Dear Joyce: Pursuant to our telephone conversation, 1 am enclosing the following documents in connection with the above-referenced bond issue: 1. Cass County MIDA Bond Application Form and a check for $1,000; 2. Bond Resolution (4 copies). Please place the Resolution on the agenda for the November 7 County Commission meeting. If the resolution is adopted, I would appreciate receiving three signed copies for transcript purposes. The remaining copy may be filed with the minutes of the meeting. Because the bonds will be used solely to refund prior issues, no public hearing is required. Plains Art Museum will ask the County to designate the bonds as "qualified tax-exempt obligations" under Section 265(b)(3) of the Internal Revenue Code. I understand the County has the capacity to make such a designation under the $10,000,000 limit for bank qualified bonds during the current calendar year. Sincerely, ARNTSON & STEWART, P.C. g/-- ~ ; ~ Ja es H. Stewart Attorney at Law SUGGESTED MOTION: Move to ad?pt Resolution Appr.oving the Issuance of Museum Facilities Refunding Revenue Bonds (PlaIns Art Museum Project) Series 2005.