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<br /> ---- <br /> I <br /> June 29, 1995 f4 E <~~:i= j .. <br /> ,'- j <br /> "-_I..... <br /> Brian Fritsinger, City Manager d\jL o 31995 I <br /> City of Arden Hills nr.; Il,i. ~;n:}H H!LLS <br /> 1450 West Highway 96 ~... I "",. ,. .,. - -. I <br />OF MINNESOTA Arden Hills, Minnesota 55112 <br />Arden HlIIs Subj: Request for Revenue Bonds for Presbyterian Homes of Arden Hills I <br />3220 Lake lohanna Blvd. <br />..\rden Hills. \AN '5'5112-7997 <br />{612l631-6000 Dear Mr. Fritsinger: <br />FAX (612) 631-604() I <br />BJoomin@:ton We are requesting consideration for approval of a health care revenue bond <br />Gideon Pond Campus in the amount of $2,250,000. <br />10030 Newton Ave. S I <br />Bloomington, MN '55431-2939 <br />16121 948-3000o[ Interest rates during the last six months have continued to decline. We <br />16121884~7663 <br />FAX (6121 948-3017 now have opportunity to replace 8.3% and 9% interest on two pieces of <br /> existing debt with 6.5% interest rate cost. In addition, we can finance I <br />Community Services completion of some site improvements. All of this can be accomplished by <br />1910 W. County Road D <br />Roseville. MN 5'5112-3'599 initiating one revenue bond in the amount of $2,250,000. <br />1:612) 631-6038 . <br />FAX 16121631-6032 <br /> Arden Hills was very helpful in enabling us to reduce our interest rate from <br />Lake Minnetonka 11 % down to the current 8.3% level and assistance at this time to reduce. I <br />4527 Shoreline Drive <br />Spring Park, MN 5'5384-9771 from 8.3% to 6.5% would be an additional benefit. <br />,:6121471-4000 <br />FAX (612) 471-3909 <br /> Per your request, and following the City of Arden Hills meeting dates, we I <br />Uttle Canada would propose the following schedule: <br />The Mayfield <br />2850 Market Place Drive <br />Little Canada, MN '55 i 17.1069 Date Task I <br />16121482-1229 <br />FAX (6121482-1315 July 10, 1995 Pass Resolution to call a public hearing on the <br />Rosevllle proposed bond issue for August 14, 1995 <br />1910 W County Road D I <br />Ros€ville.vlN 5'5112-3599 Publish public hearing notice the week of July 24, 1995 <br />i612) 631-6200 <br />FAX (6121631-6032 <br /> August 14, 1995 Public hearing on bond issue at City of Arden Hills I <br />. <br /> August 28, 1995 Pass final resolution at City of Arden Hills <br />Corporate office I <br />3220 Lake lohanna Blvd Your consideration in this matter is greatly appreciated. Please call if there <br />St. raul, MN 55112-7997 <br />1,6121631-6iOO are questions or if additional information would be helpful. <br />FA)( (612) 631"6108 I <br />Foundation A.~~ <br />32~O Lake !ohanna Blvd <br />St. Paul, MN 5511 2.7997 I <br />1:6121611-610'5 <br />FAX (612) 631.6108 Daniel A. Lindh <br /> Vice President/COO -. <br />. <br /> DAL:ld <br />Dedica!e,tltithedigi1ily <br />LInd il1I.kpendt'l1ct' I <br />OfNOpklllut/rfmt'111 <br />