Laserfiche WebLink
� R�etropc�litan Council <br />Jufy �.lr �t)11 <br />Ms. Mary Tingerthal <br />Comrnissiener, Minnesota HQusing <br />400 Sibley S�reet, Suite 3Q0 <br />St. Paul, MN 55�.�1 <br />RE: G��y of Arden Hills <br />houstng Revenue Bond Prcgram -#�resbyterfan Homes af Arder� Hifls, Inc, <br />M�trapol+tan Counc�! Referraf Flle xn880-1 <br />Dear Commissioner Tingerthal, <br />On luiy 7, 2�1�, the Metropafitan Cauncil r�ceived natice of a proposed haus�ng revenue bond <br />program for the Cfty of Arden �fi�ls for our re�iew pur�uant to Minnesata Statutes Chapte.r <br />�62C. The hQ��ing program involves the financir�g of.a portlan af the casts of remo�ing an <br />existing muiti-family de�elopment and the acquisition and consCr�ttion af a senior li�ing facflity <br />with a �ariety of components; including independent livir�g, and assisted ti�ing/memory care <br />units, In all� about 200 dweping units. The deveEopment w�ll be lo�ated at 3i20 and 3220 Lake <br />J�haRna Bfvd in Arden Hills. The pragram proposes to issue up ko $34 miliian in bonds. <br />As a LCA p�r-tici�ating comrr�unity and con5ist�nt with I�s LCA AcCion Plan and the ci�y's <br />camprehensive p1an, the use of th�s �ir�ancing too.l wlll furth�r lif� cycle houstng opportunities fn <br />ATd�n Hilis. <br />If yau have any q[�estions, pR�ase call me at (65f) 6o2,1418. <br />� <br />GGy Retersfln <br />Direetor, Cammunity Develapment Di�ision <br />cc: Theresa Berg, K�nn�dy and Craven <br />n:lcomm8ev11ivcorrrmVca4petersan1Z01117-1 �-20i # kingerthel-Ar�en Hit[s 2�e�tl-1.dac <br />www.metcncaancll. o3-g <br />390 RohertBtreet North � 5t, Paul. MIIT {5101-1805 +(65116Q2�1000 • Fas {65i) 602-1550 • TCY(651) 281-090h <br />Rn Equa! OppoAuntty EYnptcyer <br />