Laserfiche WebLink
<br />RECEIVED <br />OCT 2 7 2005 <br /> <br />ARNTSON & STEWART, P.C. <br /> <br />Attorneys at Law <br />5] Broadway, Suite 603 <br />P.O. Box 789 <br />Fargo, North Dakota 58107 -07R9 <br /> <br />CASS COUNTY COMMISSION <br /> <br />JON M. ARNTSON' <br />JAMES H. STEWART" <br /> <br />Telephone 701-280-0195 <br />Telecopier 701-280-1403 <br /> <br />ALSO LICENSED IN <br />'MINNESOTA <br />"OREGON <br /> <br />October 27,2005 <br /> <br />Ms. Joyce Schepp <br />Secretary <br />Board of Commissioners <br />P.O. Box 2806 <br />Fargo, North Dakota 58108 <br /> <br />Re: Cass County, North Dakota <br />University Facilities Revenue Bonds <br />(NDSU Development Foundation Project), Series 2005 <br /> <br />Dear Joyce: <br /> <br />Pursuant to our telephone conversation, 1 am enclosing the following documents in connection with the <br />above-referenced bond issue: <br /> <br />1. Cass County MIDA Bond Application Form and a check for $1,000; <br /> <br />2. Preliminary Resolution and Notice of Hearing (4 copies). <br /> <br />Please place the Resolution on the agenda for the November 7 County Commission meeting. If the <br />resolution is adopted, I would appreciate receiving three signed copies for transcript purposes. The <br />remaining copy may be filed with the minutes of the meeting. Our office will take care of publishing <br />the Notice of Public Hearing. <br /> <br />The NDSU Development Foundation will ask the County to designate the bonds as "qualified tax- <br />exempt obligations" under Section 265(b)(3) ofthe Internal Revenue Code. I understand the County <br />has the capacity to make such a designation under the $10,000,000 limit for bank qualified bonds <br />during the current calendar year. <br /> <br />Sincerely, <br /> <br />ARNTSON & STEWART, P.C. <br /> <br />J~art <br /> <br />Attorney at Law <br />SUGGESTED MOTION: <br />Move to adopt Resolution Relating to a Project under the Municipal Industrial Development <br />Act, Giving the Project Preliminary Approval, Subject to a Public Hearing (NDSU <br />Development Foundation Project). <br />