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<br />I <br />! <br />" <br /> <br />I <br />I <br />I <br /> <br />-i <br /> <br />.. <br /> <br />'.., <br /> <br />... -.- <br /> <br />[ FIRST FEDERAL i <br /> <br />SaIlings & Loa" A.<soci~lIio" of St. Paul <br /> <br />~.r'''~~' <br />'Co" _.:.,;.r. <br /> <br />,. ' <br /> <br />JanuBZ7' 21t 1969 <br /> <br />Pastor R. Frykholm <br />CUvary Baptist Church <br />2120 North Lexington <br />810. Paul t KiDnesota 55113 <br /> <br />Dear Pastor Fr,kholm, <br /> <br />Please be advised that J'irst Federal does not make a pol101 of <br />not making loans on residential propert1 located adjacent to <br />commercial propert1_ <br /> <br />Certain types ot commercial operations ~ detract from the value <br />of the residential property and this would be refiected in the <br />loan value. <br /> <br />This letter is !KIt an approval b1 first Federal tor 8ZJY re-zoning <br />action but is meant to clarify the pollq on commercial locat1oDS <br />" having an eftect on residential loaDS_ <br /> <br /> <br />/./ I ----..... <br /> <br />rc[ro>8~ ~,~i ip:rFrr"~ <br /> <br />" 'sA\'lh p;'.Ji i. Uit.jf~Esof f.: , 5'5'16'1' 4 p)!i'o:4\2 2';>'1',sn:'I' <br /> <br />..:' <br /> <br />\: <br /> <br />I <br />"I <br />! <br />'1.1' <br />f <br /> <br />I <br />d <br /> <br />I <br />, <br />I <br />I ,. <br />I <br />I <br /> <br />I <br />" <br /> <br />., <br /> <br />; <br /> <br />. \ . <br />':~--t:.'~'~~'.;?'-:"':':~'-'- ~.: '...n--.-~"1~--~~.,.~";'?~~,~--~...--__~~n- ._~: ~"~,'.,~;:~4-~'~'''''?~'~'7-7''-:' <br /> <br /> <br />. ! ", , ( . .~~ . : I . :..,. <br /> <br />~ ,.........-. <br /> <br />, , <br />