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1141k4 I# <br />0 <br />r-tepartment Approval i Manager Reviewed: <br />DATE: 6/22/87 <br />ITEM NO.* <br />I I <br />t-4 <br />Item Descri�t Support ing submission of Ramsey County Commun ty <br />Development Block, Grant. <br />'The average sale price, of a condominium at Villa Park has been <br />1 <br />$88,3613,,OO., The,, a,veriagel amount of cash that 'S Placed down 'in the <br />Purchase 'i's $178p748AO thus, the iaviera,ge debt financing is $9,,615,00.,, <br />I RREmAl <br />61 di <br />Motion, adopting Resolution No,. supporting subm <br />I ission of <br />Ramsey CountyCommunity Development Block Grant to Ramsey County, <br />A <br />requesting $250,000 to facilitatie low and moderate 'income Seniors' <br />0 0 a <br />purchase of condominiumis in the Villa Park development. <br />