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<br />ARNTSON & STEWART, P.C. <br /> <br />Attorneys at Law <br />51 Broadway, Suite 603 <br />P.O. Box 789 <br />Fargo, North Dakota 58107-0789 <br /> <br />JON M. ARNTSON< <br />JAMES H. STEWART" <br /> <br />Telephone 701-280-0195 <br />Telecopier 701-280-1403 <br /> <br />April 27, 2007 <br /> <br />RECEIVED <br />APR 2 '7 20071 <br /> <br />ALSO LICENSED IN <br />*MINNESOTA <br />"OREGON <br /> <br />Ms. Heather Worden <br />Administrative Secretary <br />Board of Commissioners <br />P.O. Box 2806 <br />Fargo, North Dakota 58108 <br /> <br />CASS COUNTY COMMJSSIQN <br /> <br />Re: Cass County, North Dakota <br />Solid Waste Disposal Revenue Bonds <br />(Tharalson Ethanol Plant I, L.L.C. Project), Series 2007 <br /> <br />Dear Heather: <br /> <br />Enclosed are the following documents in connection with the above-referenced bond issue: <br /> <br />I. Cass County MIDA Bond Application Form and a check for $1,000; <br /> <br />2. Preliminary Resolution and Notice of Hearing (3 copies). <br /> <br />Please place the Resolution on the agenda for the May 7, 2007 County Commission meeting. If the <br />resolution is adopted, I would appreciate receiving three signed copies for transcript purposes. Our <br />office will take care of publishing the Notice of Public Hearing. <br /> <br />As we discussed, solid waste disposal bonds issued pursuant to Section 142(a)(6) of the Internal <br />Revenue Code may not be designated as "qualified tax-exempt obligations" under Section 265(b)(3) <br />of the Internal Revenue Code and do not count against the $10,000,000 limit for bank qualified bonds <br />issued by the County during the 2007 calendar year. <br /> <br />Sincerely, <br /> <br />AR..N.. iTS~N & /;S~E4W~'~~~.:' . <br /> <br /> <br />'~.-. ~/. <br /> <br />JtfiTI~~~~" . <br /> <br />Attorney at Law <br /> <br />Enclosure <br /> <br />SUGGESTED MOTION: <br />Move to adopt a Resolution Relating to a Project under the Municipal Industrial <br />Development Act, Giving the Project Preliminary Approval, Subject to a Public <br />Hearing (Tharaldson Ethanol Plant I, LLC Project). <br />