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FROM BRIGGS&MORGAN (THU) 11. 21'96 11:18 /ST. 11:13/110. 3561674645 P 2/6 <br />z.sw or:71c ,ts <br />BRIGGS .A.xn MORGAN <br />PROFESSIONAL ASSOCIATION <br />ToazrnUv* DIRECT out NIIMIIEa <br />(612) 334 -8522 <br />BY FAX AND U.S. MAIL <br />Mr. Joel Hanson <br />City Administrator <br />City of Little Canada <br />City Hall <br />515 Little Canada Road <br />St. Paul, MN 55117 <br />9400 ID 5 OENCRR <br />MITINEAPOLIS, MINNESOTA 06408 <br />TELEPHONE Mist) 034 -6400 <br />FACSIMILE (012) 334 -SHOO <br />November 21, 1996 <br />SAINT PAUL OFFICE <br />aaoo FIRST IUTXONAZ Pales P1IIL0i0 <br />SAINT PAUL, MLOtSEOT6 00101 <br />tr 1107,E (9m an, .eaoo <br />PaCSIMJA (0i2) en- 0400 <br />Re City of Little Canada, Minnesota Multifamily Housing Revenue Refunding Bonds (GNMA <br />Collateralized Mortgage Loan - Cedars Lakeside Apartments Project) Series 1996 (the <br />"]Bonds ") <br />Dear Joel: <br />Pursuant to our phone conversation, enclosed for consideration by the City is a Resolution <br />Calling for a Public Hearing and the form of Notice of Public Hearing. <br />The project to be refinanced from the proceeds of the Bonds is a 156 -unit multifamiiy rental <br />housing project located in the City on Little Canada Road at Middle Street and known as Cedars <br />Lakeside Apartments. The project was originally financed in 1986 from prorrPds of bonds approved <br />by the City of Little Canada in July of 1986. Tire 1986 bonds mature on May 1, 1998 and may now <br />be redeemed prior to that date. A new public bearing is required to permit extension of the maturity <br />date of the proposed refunding Bonds. <br />For your convenience, 1 have attached a "City Proceedings Schedule." In the meantime, if <br />you have any questions, please call me or Trudy Halla. <br />Enclosures <br />cc: Trudy J. Halls, Esq. <br />✓Mr. Mark Appelbaum <br />VMr. Larry Brutger <br />771709.1 <br />Very truly yours, <br />Andrew R. Kintzinger <br />Page 55 <br />