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<br />EXHIBIT 4 <br /> <br />It is anticipated that all funding commitments will be completed in the <br />first quarter of 1992 and that closing can take place in late spring. The <br />Roseville Planning Commission and City Council have reviewed the request for <br />rezoning and have given Concept Approval. Final Approval for zoning is <br />scheduled for January 6, 1992." The'land is currently under option and a <br />Contract for Deed is being negotiated to carry the project low income tax <br />credits over to 1992. <br /> <br />CF/kao/COPYCR-2 <br />12/10/91 <br />(Revised 1/30/92) <br />