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,,o,:, co.u,,,. ,,c. <br />1201 89th Avenue NE Suite 345 · Blaine, MN 55434 Phone 783-4747 FAX 783-4700 · T-FY 783-4724 <br /> <br />August 24, 1999 <br /> <br />Sylvia Frolick <br />City of Ramsey <br />15153 Nowthen Boulevard <br />Ramscy, Minnesota 55303 <br /> <br />RE: Request for CDBG funds to support affordable housing <br /> <br />Dear Sylvia: <br /> <br />Please accept this letter as ACCAP's request roi: $63,000 of CDBG funds for acquisition of land in the City. <br />The property to be purchased will be the site of an affordable townhouse development to be rented to <br />persons who meet the CDBG guidelines. <br /> <br />We have completed the historical review so we can use the monc-y quickly. The purchase agreement will be <br />constructed so that the project must meet the requirem..m3.ts..of the financing agents. In this case, the <br />environmental requirements. <br /> <br />Thank you for your consideration of our request. Please let me know what else you may need. <br /> <br />Sincerely, <br /> <br />Development -Director <br /> <br />:k <br /> <br />J-VV <br />Enclosure <br />cc: Sue Dennistoun <br /> <br />AN EQUAL OPPORTUNITY EMPLOYER <br /> <br /> <br />