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incomes not I ex : ;, of ° of, the medi,an, familY income <br />by the United States Diepartment, of Housing and Urban Development for <br />the Roseville area* The development is designed, for rental to the <br />I nerlai public Pro J e ct is thus qualified under Minnesota <br />tlatutea t Section 4620 I0 I, u d aa I. <br />Ir <br />ar related d subordinate <br />Project, it. The loan will, be provided to the Developer of the and <br />hence there are no loans to occup4nts or prohibitions or limitations <br />on the assumption, of such Jol=3,. <br />There is a demonstrable need for the Project. It serves to <br />satisfy those needs, identified in the City's. Housing Plan, <br />The I I Il et hod li it Of <br />i I <br />nanoing proposed, is the issuance of bonds in the <br />Wiregate principal amount of 2,t4 million, bonds <br />zither be p 1 „ y offered o r privately li • with the aid of an <br />un,d,eo ter and a trustee wild, hold funds and accounts for the <br />on II I I is i of the I o _ and <br />payment bonds, <br />further <br />breakdown 1M project paid, from the proceeds of the <br />bonds will be set forth in detail in, the application to be filed t <br />the inne!stolla Housing Finance Agency. <br />