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300 Metro Square Building, 7th Street and Robert Street, Saint Paul, Minnesota 55101 Area 612, 291-6359 <br /> <br />TO: Local Officials and Interested Citizens in the Twin Cities Area <br /> <br />The Metropolitan Council will hold a public hearing at 7 p.m. <br />on November 26 in the Council offices to hear comments on <br />guidelines' and procedures the Council is proposing to use in <br />its review of local housing bond plans. <br /> <br />Minnesota law requires Metropolitan Council review of municipal <br />proposals before tax-exempt revenue bonds to provide reduced <br />mortgage interest rates for housing can be sold. <br /> <br />The Council review involves three aspects: 1) whether'the bond <br />proposal furthers local and regional housing policies; 2) whether <br />the proposal is compatible with the housing portion of the <br />comprehensive plan of the city; and 3) whether the proposal <br />helps to meet the stated housing needs of the city.. <br /> <br />You are encouraged to attend the hearing and make comments or <br />submit written comments. <br /> <br />Sincerely, <br /> <br />Charles Weaver <br />Chairman <br /> <br />CW/kg <br />Enc/one <br /> <br />An Agency Created to Coordinate the Flanning and Development of the Twin Cities Metropolitan Area Comprising: <br />Anoka County 0 Carver County 0 Dakota County 0 Hennepin County 0 Ramsey County 0 Scott County 0 W~hington County <br /> <br /> <br />