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a <br />September 14, 2010 <br />Marian Hewitt, President <br />Lake Josephine Apartments Association <br />3076 Lexington Avenue No. <br />Unit B5 <br />Shorev"ew <br />1 3 MN 55113 <br />Dear Ms. Hewittl <br />-W <br />Thank you for your commumty association loan application for Lake Josephime Apartments <br />Association. <br />We have given your request careful consideration, and regret that we are unable to extend credit <br />to You at this time for the follo - <br />wing reasons: <br />0 There are less than 25 units per property, resulting in the overburdening of the homeowners Inc <br />0 <br />n 1 <br />the iabi i <br />'I *ty for the bank to d istribute its risk. <br />We appreciate the opportunity to review your request. Although we are unable to grant credit at <br />0 <br />this tu*ne, Community Association Banc may be able to serve you in other ways. Please call and <br />as us about our various other fmancial services. <br />Sincerely, <br />reg terson <br />Senior Commercial Lender <br />CC: Paul Oic, Property Manager <br />NOTICE.- The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicaits <br />on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity <br />to enter into a binding contract),, because all or part of the applicanVs income derives from any public assistance <br />program; or because the applicant has In good faith exercised any right under the Consumer Protection Act, The <br />federal agency that administers compliance with this law concerning this creditor is: Office of Thrift Superviision <br />South Wacker Drive, Suite 2000 / Chicago, IL 60606 / (312) 917-5000. <br />100 Western Blvd., Glastonbury, CT ID6033 Telephone: (860)652-2000 Toll Free: ( 60) 2 -19 6 <br />8 11 5 FaX. (860) 657-9035 <br />