1. MIDA Bond Sisters of the Presentation

CASS COUNTY MIDA BOND APPLICATION FORM I. Name ofapplieant: Sisters of the Presentation of the Blessed Virgin Mary, Fargo 2. Telephone number of applicant: 237-4857 3. Size of issue -requested: $450,000 4. Type of issue (cheek one): (a) Small issue - $1,000,000 [Section 144(a)J (b) Small issue - $10,000,000 [Section 144(a)(4)J (c) Qualified residential rental project [Section 142(a)(7)J (d) X Qualified 501(c)(3) issue [Section 145J (e) Refunding issue (f) Other (speeify type): 5. Iftype ofissue eheeked was small issue ($1,000,000 or $10,000,000), is issue for a manufacturing facility as defined in Section 144(a)(12)(C)? Yes No 6. If type of issue eheek was qualified residential rental projeet, will projeet meet the low income requirements for tenants as set out in Section 142(d)? Yes No 7. Estimated date of issue if approved by County: Oetober 26, 2006 8. Give a brief explanation of projeet, whieh explanation should include the loeation of the project, deseription of the use ofthe bond proeeeds, and whether or not the projeet would ereate additional employment: The Bond proeeeds will be used to finanee the renovation and equipping of a six-unit multifamily housing facility loeated at 1120 30lh Avenue South, Fargo, North Dakota (the "Projeet"). The Projeet will be leased to YWCA Cass Clay for use in its transitional housing progriun: The renovation is expeeted to eost approximately $450,000 and will ereate adclitional employment during the renovation. 9. Attaehed to the Application Form is a eheek in the amount of$I,OOO whieh is the applieation fee, whieh fee is nonrefundable. If issue does elose, the applieation fee shall be deducted from the issuanee fee set out in paragraph I I. 10. Attaehed is a typed Initial Resolution giving projeet preliminary approval and a Notiee of Hearing, both in the form provided by the County Auditor's office. The Initial Resolution and Notiee shall have a hearing date which has been provided to the applieant by the County Auditor's offiee. II. The applieant understands that the issuanee fee for a new MIDA bond issue is equal to 1% of the first $1 ,000,000 ofthe Bond issue and thatthere 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: September I , 2006. SISTERS OF THE PRESENTATION OF THE BLESSED VIRGIN MARY, FARGO By: ~,~.~ . Its: Direetor.of manee ' ,.. ;,