1. MIDA Bond-Tharaldson Ethanol Plant

RESOLUTION AUTHORIZING THE ISSUANCE OF SOLID WASTE DISPOSAL REVENUE BONDS (THARALDSON ETHANOL PLANT I, L.L.C. PROJECT) UNDER CHAPTER 40-57 N.D.C.C. AND AUTHORIZING THE PREPARATION OF NECESSARY DOCUMENTS THEREFOR BE IT RESOLVED by the Board of County Commissioners of Cass County, North Dakota (the "County"), as follows: This Board, by Resolution duly adopted on May 7, 2007, called a public hearing on a proposal that the County issue revenue bonds under the Municipal Industrial Development Act of 1955, North Dakota Century Code, Chapter 40-57, in order to finance the hereinafter described Project, the amount of the Bond issue being $102,000,000, or such lesser amount as is necessary to finance the acquisition of the Project. Section 1. Policy and Purpose. 1.01. For the purpose of promoting, attracting, encouraging, and developing an economically sound commerce, preserving and developing a tax base adequate to finance necessary public services, and encouraging employment opportunities for the citizens of the County, the County is authorized by Chapter 40-57, North Dakota Century Code, to issue revenue bonds of the County and to loan the proceeds to private companies to provide financing for the acquisition and construction of any real property, buildings, improvements and equipment used in connection with a revenue producing enterprise engaged in manufacturing or processing any agricultural products or to be used to abate or control environmental pollution. 1.02. Tharaldson Ethanol Plant I, L.L.C., a North Dakota limited liability company (the "Company"), has requested the County to issue its Solid Waste Disposal Revenue Bonds (Tharaldson Ethanol Plant I, L.L.c. Project) Series 2007 (the "Bonds") in an amount not to exceed $102,000,000, for the purpose of financing the construction, acquisition and installation of equipment to be used for solid waste disposal and functionally related facilities in connection with an ethanol production facility located west of Casselton, North Dakota (the "Project"). Section 2. Findin2s. 2.01. A public notice setting forth the nature of the Project and the date and time of a public hearing on the Project was published according to law, and the public hearing has been held according to law. 2.02. Following the public hearing, it appears the issuance of the Bonds to finance the Project is in the public interest and any competitive nature and impact and effect of the issue upon existing industry and business will not result in an unfair advantage for the proposed Project to the substantial detriment of existing enterprises.