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November 16, 1984 <br />MEMORANDUM <br />TO: City Council <br />FROM: Jim Andre <br />RE: Mortgage Revenue Bond Request <br />Shorewood Coproration is requesting the City to issue Mortgage Revenue <br />Bonds in the amount of $3,000,000 to finance the 61-unit apartment project <br />located on Rice Street and Highway 36. <br />Mary Ippel, Briggs & Morgan, has provided a summary of the state and <br />federal requirements before such bonds can be issued. The details of <br />the federal requirements are voluminous and therefore not attached. <br />Mary Ippel will be at the Work Session and review the requirements. <br />JFA:bc <br />Enclosures <br />