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IOWA <br />Clo CONNOR H�ANNAN <br />ATT O R N E: Y'S AT ILAW <br />aO SOUTH EIGHTH STREET <br />J'AP4 ES P. O'MEARA <br />DIRECT' DIAL NUMaERI <br />(0112) 3 -413_ 128 8 <br />The Honorable Mayor <br />of the Roseville <br />City Hall <br />(612) 341 -3800 <br />TELEX 29-0584 <br />TELECOPPER 612 34,11-31BO10 (258) <br />and Members <br />council <br />2660 Ca.viffic Center Drive <br />- A-- - <br />Rosev,31"Alle, Minnesucz 55114016 <br />SUITE 600 <br />1919 PENNSYLVANIA AVENUE, N, w, <br />WASHINGTON, D. Cr 20006 -3483 <br />(202) 887-1400 <br />Sull 31ll SECURITY LIFE BUILDING <br />14506 GLENARF4 PLACE <br />DENVER, COLORADO 60202 -4366 <br />(303) 573 -7737 <br />VELAZOUEZI 21 <br />MADRID 1, SPAIN <br />431-31-00 <br />TELEX 23543 <br />Re Aplpl ication by Uniciare Holmes Inc to the City <br />of Roseville for $2,845,,000 Nursing Home Revenue <br />Bonds to Finance the Acquisition and Renovation <br />of the Rose of Sharon Nursing Home <br />I W <br />This letter regards the Public hearing and the propose <br />preliminary approval resolution for the May 7 City Council <br />As you, are no doubt aware,, the United States Senate and <br />th6 'United States House of Representatives have passed vers ions, <br />of a tax bill which have widely varying new restr ictions on <br />a <br />industrial development bonds These bills are scheduled f or <br />conf erien,ce cormnittee beginning on or about May 7 0 <br />a <br />One, of these pending Minnesota law changes- 3.s of special <br />concern to UnaLcare Homes and tio any other applicant for this <br />11 4 <br />typell of financing. This changei, a copy of which 'is enclosed, <br />if it ever becomes effective, would disallow the issuance of <br />bonds wh,il"Ich are subject to federal limitation unless the <br />