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ARCHDIOCESE OF SAINT PAUL AND MINNEAPOLIS <br />Community Development Corporation <br />March 16, 1983 <br />City Council Members <br />City of Little Canada <br />515 Little Canada Road <br />Little Cananda, MN 55117 <br />328 West Sixth Street <br />Saint Paul, Minnesota 55102 <br />612 - 291 -1750 <br />[-XX EV.171 <br />MAR 16 <br />CITY OF <br />LITTLE CANADA <br />RE: Little Canada Elderly and Handicapped Housing Project <br />Dear Council Member: <br />At the March 3, 1983 Planning Commission meeting, a submission <br />was made for the re- zoning of the land for the above mentioned <br />housing project. At this time, I was presented with a letter <br />by Mr. Ed Locke stating estimated figures for insurance on the <br />development. (See attachment A). <br />At the meeting, I mentioned to Mr. Locke that I felt his figures <br />were incorrect. I told him that we have been getting buildings <br />insured at a rate much less than what he quoted; $.20 per <br />$100.00 of valuation. <br />I have had Mr. Locke's estimated insurance figures examined by our <br />insurance agent, Commercial Underwriters Incorporated. In turn, <br />our agent quoted an insurance premium on this proposed develop- <br />ment (attachment B). <br />It is my wish to bring accurate figures to your attention. It is <br />important to recognize that the support we receive in mort- <br />gage funds today is very limited. I would not hesitate to <br />introduce a sprinkler system into this development if the cost <br />savings on insurance was the same as those quoted in Mr. Locke's <br />letter. <br />Should you have any questions on this matter, please feel free to <br />call me at 291 -1750. I would be glad to answer any questions at <br />the Council meeting on Wednesday, March 23. <br />Sincerely, <br />ohn L. Rocr.eford,fJr. <br />Project Manager <br />JLR:jt <br />eln <br />CO <br />cc: Mr. Ed Locke <br />A recipient agency of the Annual Catholic Appeal ra .« <br />