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nnzm <br /> Application for Approval of Industrial Development/Revenue Bond Project <br /> Pursuant to Minn. Stat. 469.152—469.165 <br /> Page 1 of 3 <br /> Please submit two copies of this form but only one copy of supporting documents requested on page 2. <br /> Name of Issuer(Municipality or Redevelopment agency): City of Elk River, Minnesota <br /> Contracting Party Business Name: Guardian Angels Health Services, Inc. <br /> Business Industry and/or Products: Operation of skilled nursing facilities <br /> Description of Project Financed by Bond Proceeds: <br /> Renovation, improvement and equipping of the existing Guardian Angels Care Center <br /> Location (address and city) of Project: 400 Evans Avenue, Elk River, Minnesota <br /> Dates of Construction (if applicable): September, 2015,through August, 2016 <br /> Date Project Funded by Bonds Expected to be Operational: The facility is expected to remain open and <br /> operational throughout the renovation period <br /> New(not currently in Minnesota) Permanent Full-Time Jobs Created by Project: None <br /> Expected Annual Wages of New Full-Time Jobs: N/A <br /> Current Jobs at Location: 230 <br /> Amount of Issuance Authority Expected to be Requested from MMB: N/A <br /> Maturity Schedule and Interest Rates: October 1, 2037 --October 1, 2041; <br /> Approximately 4.75% <br /> Bond Counsel: Richard Helde, Dorsey&Whitney LLP Phone: (612) 343-7912 <br />