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7.0. EDSR 04-12-1993
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7.0. EDSR 04-12-1993
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City Government
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4/12/1993
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• 6 . Collateral to be assigned (Describe and show lien position) : <br /> A) To Bank: All assigned to Norwest <br /> B) To Bank: <br /> C) To Private Funding Source: <br /> D) To Other Source: <br /> E) To Federal Govt: (Grant through City) Second position on machine & equipment. <br /> F) To State: <br /> G) To This Loan: Second position on machine and equipment. <br /> 7 . Value of Collateral: • <br /> COST BOOK VALUE EXISTING <br /> LIENS <br /> A) Land $ 112,000 $ 112,000 $ 112,000 <br /> B) Buildings $ 940,430 $ 748,885 $ 748,885 <br /> C) Mach. & Equip. $ 1,590,960 $ 1,008,080 $1,008,080 <br /> D) Other F & F $ 761,500 $ 414,855 $ 414,855 <br /> E) Other $ $ $ <br /> 8 . Employment*: <br /> 411 <br /> Present: # of Employees 190 Total Payroll$6,792,700 (10/15/92; <br /> After Project: # of Employees 235 Total Payroll$9,262,650 (12/31/9 <br /> *If Loan is for Job Retention Only, Explain in Business Plan. <br /> 9 . Attorney, Accountant (Names, addresses, phone) : <br /> Richard Hackett Glenn Bougie <br /> Gray, Plant, Mooty, Mooty & Bennett McGladrey, Pullen & Co. <br /> 3400 City Center 3600 W. 80th Street <br /> 33 South Sixth Street Suite 500 <br /> Minneapolis, MN 55402 Bloomington, MN 55413 <br /> (612) 343-2874 (612)835-9930 <br /> 10 . Bank and Other Credit References (Names, addresses, phone) : <br /> Ron Gockowski <br /> Norwest Bank Minnesota <br /> 109 So. 7th Street <br /> Minneapolis, MN 55402 <br /> (612) 673-8577 <br /> S <br /> • <br /> -3- <br />
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