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<br /> . <br /> . June 29, 1995 <br /> , <br /> , <br /> . Brian Fritsinger, City Manager L 0 3 1995 <br /> City of Arden Hills rH! <br /> . 1450 West Highway 96 <br /> OF MINNESOTA Arden Hills, Minnesota 55112 <br /> . Arden Hills Subj: Request for Revenue Bonds for Presbyterian Homes of Arden Hills <br /> 3220 Lake JonannCl Blvd <br /> Arden Hills. MN 55112-7997 <br /> ,-612) 631-600{J Dear Mr. Fritsinger: <br /> . FAX (6]2) 631-6046 <br /> We are requesting consideration for approval of a health care revenue bond <br /> Bloomington <br /> Gideon Pond Campus in the amount of $2,250,000. <br /> . 10030 Newton Ave. S <br /> Bloomington, MN 55431~2939 <br /> (612) 948-3000 or Interest rates during the last six months have continued to decline, We <br /> (612) 884-7663 <br /> . F,AJ( (612] 94H-30 I 7 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 <br /> Community Services completion of some site improvements. All of this can be accomplished by <br /> 1910W Count.y Road 0 <br /> . Rosel/il1e, MN 55l12-3599 initiating one revenue bond in the amount of $2,250,000. <br /> (612) 631-603R <br /> FAX (612) 631-6032 <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 <br /> . .527 Shoreline Drive <br /> ng Park. !vlN 55384-9771 from 8,3% to 6,5% would be an additional benefit. <br /> (612]471-4000 <br /> FAX 16121471-3909 <br /> . Per your request, and following the City of Arden Hills meeting dates, we <br /> Little Canada would propose the following schedule: <br /> The Mayfield <br /> 2850 Market place Drive <br /> . Little Canada, MN 551 ] 7-1 069 Date Task <br /> 10121 ;82-1229 <br /> fAX (612) 482-1315 July 10, 1995 Pass Resolution to call a public hearing on the <br /> proposed bond issue for August 14, 1995 <br /> . RosevllIe <br /> 1910 W. County Road D Publish public hearing notice the week of July 24, 1995 <br /> Roseville, MN 55112-3599 <br /> (6]2) 631-6200 <br /> FAX (612) 631~6032 <br /> . August 14, 1995 Public hearing on bond issue at City of Arden Hills <br /> . <br /> August 28, 1995 Pass final resolution at City of Arden Hills <br /> . Corporate office <br /> 3220 Lake Johanna Blvd YOUr consideration in this matter is greatly appreciated, Please call if there <br /> St Pau 1, MN 55112~ 7997 <br /> (6121631-6100 are questions or if additional information would be helpful. <br /> . FAX (6121631~6108 <br /> ~~.~~ <br /> Foundation <br /> 3220 Lake lohanna Blvd. <br /> . St. Paul. MN 55112-7997 <br /> (012) 63J-6105 <br /> FAX {612'i 631-6108 Daniel A. Lindh <br /> .. Vice President/COO <br /> . <br /> DAL:ld <br /> Dedicated to tnediql1ity <br /> . iil1dil1dependel1ce <br /> oj people in retirement <br />