1. MIDA Bond Oak Grove Lutheran School

CASSCOUNTY MIDA BOND APPLICA TlON FORM I. Name of applicant: Oak Grove Lutheran Sehool 2. Telephone number of applicant: 237-0212 3. Size of issue requested: $7,500,000 4. Type of issue (eheck one): (a) Small issue - $1,000,000 [Seetion 144(a)] (b) Small issue - $10,000,000 [Section 144(a)(4)] (e) Qualified residential rental project [Section 142(a)(7)] (d) X Qualified 501(c)(3) issue [Section 145] (e) Refunding issue (f) Other (specify type): 5. Iftype of issue eheeked was small issue ($1,000,000 or $10,000,000), is issue for a manufaeturing faeilityas defined in Seetion 144(a)(12)(C)? Yes No 6. If type of issue eheek was qualified residential rental project, will project meet the low income requirements for tenants as set out in Seetion 142(d)? Yes No 7. Estimated date of issue if approved by County: July 25, 2006 8. Give a brief explanation of projeet, whieh explanation should inClude the loeation of the projeet, description of the use of the bond proceeds, and whether or not the project would ereate additional employment: The Bond proeeeds will be used to finance the construction and equipping of a multipurpose fine arts facility located at 124 N. Terrace, Fargo, North Dakota and the acquisition of land and building to be used as an elementary school located at 2720 320d Avenue SW, Fargo, North Dakota (together, the "Projeet"). The Project is expected to eost approximately $7,500,000 and will ereate additional employment during eonstruetion. 9. Attaehed to the Application Form is a eheek in the amount of$I,OOO whieh is the applieation fee, which fee is nonrefundable. If issue does Close, the application fee shall be deducted from the issuance fee set out in paragraph II. 10. Attached is a typed Initial Resolution giving projeet preliminary approval and a Notice of Hearing, both in the form provided by the County Auditor's offiee. The Initial Resolution and Notice shall have a hearing date whieh has been provided to the applieant by the County Auditor's offiee. II. The applieant 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. Forrefunding bond issues the issuanee fee is one-half of the amount set forth above. Dated: May 23, 2006. OAK GROVE LUTHERAN SCHOOL BY:~' ~ - -, &' Its: Direetor of Finanee