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Borrowers, and the information required by Minnesota Statutes, Section 469.154, subdivision 7, <br /> as required. <br /> 5. The project to be financed by the Bonds does not include any property to be sold or <br /> affixed to or consumed in the production of property for sale, and does not include any housing <br /> facility to be rented or used as a permanent residence. <br /> 6. A public hearing on the proposal to issue the Bonds was conducted pursuant to <br /> Minnesota Statutes, Section 469.154, Subdivision 4, and Section 1470 of the Internal Revenue <br /> Code of 1986, as amended, on August 3, 2015 at 6:30 p.m., at the Elk River City Hall, at which <br /> public hearing all interested parties were afforded an opportunity to express their views. A draft <br /> copy of the application to the Department, with all attachments, was available for public <br /> inspection following publication of notice of the public hearing. <br /> [The remainder of this page left intentionally blank.] <br /> 2 <br />