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November 1,16., 1984 <br />L- - - - - <br />TO: City Council, <br />F1 ROM: A drie <br />RE: Mortgage Revenue ind,. Request <br />Sh,oTewolod Coprorat - a <br />3-on is, requiesting the City to <br />issue Mortgage Revenue <br />Bonds in the amo,unit, of $3,,000,000 to fian,ancei the 61-un3ft apartment project <br />locatied on, RI*ce Street, and Highway 36, <br />Mary I'ppel Briggs & Morgan,, has provided a summary of the State and <br />W '* <br />fedieral requirements before such bonds can be issued. The details of <br />the federal requirements are violumin,ous and therefore not attached, <br />Mary T will, 'be at the Work Sessi-on and, rev ]"Lew the requi-renients, <br />ii <br />Enclosures <br />