1. MIDA Bond Hospice of Red River Valley
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1. MIDA Bond Hospice of Red River Valley
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<br />CASS COUNTY <br />MIDA BOND APPLICATION FORM <br /> <br />I. Name of applicant: Hospice of the Red River Valley <br /> <br />2. <br /> <br />Telephone number of applicant: <br />356-1500 <br /> <br />3. Size of issue requested: <br />$2.600,000 <br /> <br />4. Type of issue ( check one): <br />(a) Small issue - $1,000.000 [Section 144(a)] <br />(b) Small issue - $10.000,000 [Section 144(a)(4)] <br />(c) Qualified residential rental project [Section 142(a)(7)] <br />(d) X Qualified 501(c)(3) issue [Section 145] <br />(e) Refunding issue <br />(0 Other (specify type): <br /> <br />5. Iftype of issue checked was small issue ($1 ,000,000 or $1 0,000,000). is issue for a manufacturing <br />facility as defined in Section 144(a)(I2)(C)? Yes No <br /> <br />6. Iftype of issue check was qualified residential rental project. will project meet the low income <br />requirements for tenants as set out in Section 142( d)? Yes No <br /> <br />7. Estimated date of issue if approved by County: July, 2007 <br /> <br />8. Give a brief explanation of project, which explanation should include the location of the project <br />description ofthe use of the bond proceeds, and whether or not the project would create additional <br />employment: <br /> <br />The Bond proceeds will be used to finance the acquisition ofa two-story, 28,000 square foot office <br />building located at 170 I 38th Street SW, Fargo, North Dakota (the "Project"), The Project will be <br />used by Hospice ofthe Red River Valley for its administrative offices. The Project is not expected <br />to create additional employment. <br /> <br />9. Attached to the Application Form is a check in the amount of$I.OOO which is the application fee, <br />which fee is nonrefundable. If issue does close, the application fee shall be deducted from the <br />issuance fee set out in paragraph II, <br /> <br />10. Attached is a typed Initial Resolution giving project preliminary approval and a Notice of Hearing, <br />both in the form provided by the County Auditor's oflice. The Initial Resolution and Notice shall <br />have a hearing date which has been provided to the applicant by the County Auditor's office. <br /> <br />II. The applicant understands that the issuance fee for a new MIDA bond issue is equal to 1% ofthe <br />first $1,000,000 of the Bond issue and that there is no fee beyond the first $1,000,000. For <br />refunding bond issues the issuance fee is one-half of the amount set forth above. <br /> <br />Dated: December 14,2006. <br /> <br />HOSPICE Of' THE RED RIVER VALLEY <br /> <br />By: <br /> <br />I ( ; <br /> <br />". 'J/') .~. ,- 'I _3>,-'. t"'--'.. <br />'Its: Executi~e Dire~tor ' '-) <br />
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