My WebLink
|
Help
|
About
|
Sign Out
Home
pf_02355
Roseville
>
Planning Files
>
Old Numbering System (pre-2007)
>
PF2000 - PF2999
>
2300
>
pf_02355
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2007 11:48:43 AM
Creation date
12/8/2004 11:10:09 AM
Metadata
Fields
Template:
Planning Files
Planning Files - Planning File #
2355
Planning Files - Type
Planning-Other
Address
2231 RICE ST
Applicant
DUFFY DEVELOPMENT COMPANY
Status
APPROVED
PIN
122923440027
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
344
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br /> <br />RATION <br /> <br />400 SELBY AVENUE · SUITE C <br />SAINT PAUL, MINNESOTA 55102 <br />(612) 292-0211 <br /> <br />December 26, 1991 <br /> <br />Mr. Craig Waldron <br />Coaaunity Development Director <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, KN 55113 <br /> <br />RE: Calibre Ridge Townhomes Gap Financing; Request for CDBG Funding <br /> <br />Dear Craig: <br /> <br />Calibre Ridge Limited Partnership is pleased to submit the enclosed <br />application for CDBG funding to the Roseville City Council for its <br />review and consideration. <br /> <br />The application requests Ramsey County to consider awarding Calibre <br />Ridge a $218,000, thirty year deferred loan at 2% interest. It's <br />proposed the loan would come due in 30 years or on sale whichever <br />comes first. Payments are not included in the interim because no cash <br />flow for additional debt service is available beyond that required by <br />the first mortgage lender. <br /> <br />The 1992 Ramsey County Comprehensive Housing Affordability Strategy <br />(CHAS) states that the HOME program should facilitate larger units at <br />below market rents. As you know, Calibre Ridge will provide 58 family <br />style rental townhomes that will be affordable to low income <br />households. The 30 three bedroom unit rents are set at $610 and the <br />28 two bedrooms at $510; that's $200 and $100, respectively, below <br />market for Roseville. This is a product that families with incomes at <br />60% of median (including the many employees from Roseville shopping <br />malls) will find affordable. <br /> <br />I understand this application will be considered for support and <br />approval by the City Council January 6th and look forward to seeing <br />you then. Please feel free to call if more information is needed or <br />you have questions. <br /> <br />Thank you for your consideration and assistance, Craig. <br /> <br /> <br />CF/kao/CRAIGW <br />enclosure <br /> <br />cc: John Duffy <br />Mitch Riffe <br />
The URL can be used to link to this page
Your browser does not support the video tag.