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-~.- I I I I I I I I I I I I I I I I I I I Principal Investment: To invest 1n a Local Lim1ted partnership Wh1Ch WdS orga.,1zcd to own, dev~lop and operate SYMPHONY PLACE, a 2G-story, 250-un1t r~sidential apartment bU1lding w1th related recreat10nal facilitie~ 1n Uinneapohs, Hinnesota. SYMphony place ~lso includes approxiMately 11,000 square feet of cowrnercial space and a packing ranp containlng 285 spaces. Construction &nd permanent F1nanclng: Provlded through a Loan in the aMount of $20,100,000 from the sale of tax-exeMpt mun1C1pal bonds iss~ed by the City of Mlnnea~olls, an Urban Developnent Action Grant for ~3,630,000, alld governmental assistance prov1ded by the city of Minneapolis wlth regard to land costs and property tax abatenents. security for the Loan lncludes a Letter of Credit issued by the Crocker National Bank, San Franci$co, Cal1fornla. Can-Americdn Develophoents, Inc., Garrett neal Estate Development corporat1on, and Shelter corporat1on of Canada are the General Partners of the Loca~ Limlted partnerJh1p. Can-American DevelopMents, Inc., a wholly-owned Subs1dlary of Can-AMerican corporatlon, was the sponsor of this offering. CA~-AMERICAN HOUSING PARTNERS II $3,339,000 Llmlted partnersh1P Interests offer~d 1n 50 Unlts of $66,780 each. Offering Date: October 1982. Placprnent Aqent: Merrill Lynch, PiQrce, Fenner and Snlth, Inc. prinClpal Investnent: ~o lnvest 1n three Local L1nlted Partnerships which were organued to own, develop and operate HUNTINGTON PLACE, a 172-un1t garden apartnent conplex 1n Colu~b1a, Mdryland; RIVERBLUFF, a 30-unit townhouse proJect 1n Mlnneapol1s, M1nnesota; and CHICAGO AVENUE, a 60-un1t rehabilitated apart~ent proJect 1n M1nneapol1s, Mlnnesota. Construction and Per~anent Flnancing: Huntlngton Place - Provided through u Loan froM Maryland Natlonal Bank, The Trustee of a note lssued by Howard Coun,y, Maryland 1n the aMount of $7,626,000 lnsured by the Unlt~d States Depart~ent o~ Houslng and Urban Affalrs. At flnal closlng, the mortgage Loan was purchased by the Gov~cncent Natlonal Mortgage Assoc1at1on. R1verbluff - Prov1ded through a loan 1n the amount of $1,160,000 from the sale of tax-exempt bonds issued by the Mlnneapolls Con lnlty Developnent Agency. The land is belng leased fron the Mlnneapolls Con~unity Devaloprent Agency for a term of 50 years with ~ 25 year renewal optlon for a one-~l~~ lease payment of $15,000.