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FROM BRIGGS&MORGAN (THU) 12. 12' 96 16:09 /ST. 16:06/NO. 3561614425 P 2/2 <br />taw OFFICES <br />BRIGGS AND MOBGAN <br />WHIT612s ararcr b.... RODBXa <br />(612) 3344513 <br />BY FAX <br />Mr. Joel Hanson <br />City Administrator <br />City of Little Canada <br />515 Little Canada Road <br />Little Canada, MN 55117 <br />PIIOPESSIONa.L aSSOCIATZON <br />9400 IDS CEN BE <br />NANNAaroLIS, laNIEsota 66409 <br />TEZEPHONE (019) SO4 -3400 <br />InCracc7s (012) 334 -3900 <br />December 12, 1996 <br />2SA1NT PA= OFFICE <br />9F00 MST aaPIONSL Zara APA.PANO <br />as= PAPL,XDOIXaOrs 94101 <br />TSLIIVHONE (6110 490.6600 <br />myna= (Ea) 44a•44G0 <br />Re; City of Little Canada, Minnesota - $6,840,000 Multifamily Housing Revenue Refunding <br />Bonds (GNMA Collateralized Mortgage Loan/Cedars Lakeside Apartments Project) Series <br />1996A; and $391,100 Taxable Multifamily Rousing Revenue Bonds (GNMA Collateralized <br />Mortgage Loan/Cedars Lakeside Apartments Project), Series 199613 <br />Dear Joel: <br />The public hearing is connection with the above - referenced transaction is scheduled for the <br />City Council meeting on December 18. We had expected that the City would also consider final <br />approval of issuance of the Bonds at that meeting. However, the HtJD approval process is taking <br />longer than anticipated and we are not expecting to close the transaction until January. IL would be <br />premature to ask the City to give final approval at dais time. Therefore, all that is necessary is to <br />hold the public hearing and consider any information received. No further City Cou 1 ct7 action is <br />necessary until we get closer to the date of issuance of the Bonds. <br />If you have any questions, please all me. <br />TM/mid <br />cc Thomas M. Sweeney, Esq. by fax <br />Mr. Larry Brutger by mail <br />James F. Christoffel, Esq. by mail <br />Mr. Mark Appelbaum by mail <br />Andrew R. Kintzinger, Esq. by hand <br />773544.1 <br />Very truly yours, <br />Page 3 <br />