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<br />.. <br /> <br />I,., <br /> <br />., <br /> <br />~ <br /> <br />FIRST STATE BANK <br />of NEW BRIGHTON <br /> <br />I <br />../ <br /> <br />" <br /> <br />2299 PALMER DRIVE <br />NEW BRIGHTON, MINN. 55112 <br />PHONE: 612/636-4300 <br /> <br />September 21, 1982 <br /> <br />- <br /> <br />City of New Brighton <br />803 5 Ave N. W. <br />New Brighton, MN 55112 <br /> <br />RE: Tax Exempt Mortgage Financing <br />Coon Rapids Medical Center Project <br /> <br />Gentlemen: <br /> <br />This bank has been approached by Mr. Arthur F. Braun, Adminis- <br />trator for The Coon Rapids Medical Center for a tax emexpt <br />fi nand ng for a new facilfty to be constructed wi thi n the ci ty <br />limits of New Brighton. <br /> <br />As of this date, we have reviewed the companys' financial <br />history, their preliminary projections for the project, and <br />their preliminary building plans. This bank has outlined the <br />general parameters of a financial package with respect to this <br />project with Mr. Braun, and we have indicated that we are <br />interested in financing this project based upon the infonmation <br />presented to us as of this date. <br /> <br />Although the final details have not been discussed relative <br />to the building plans, the tax exempt status, or the company <br />projections, financing through this bank is feasible as <br />outlined in the above paragraph. No committment can be made, <br />however, until all details of the building plans, final <br />projections, and tax exempt mortgage status are reviewed with <br />the company and the ci ty. <br /> <br />___ Yours truly, <br />/"",," <br />\'" '\, ,- \ \ , <br />"...... .... _ . " -, l . ' '-- .::.::::::.;.............' r~ <br />!1ames 1.0..._: F aus t .' ~. <br />, Vi ce President . <br />, <br /> <br />../) <br /> <br />e <br /> <br />JDF / ng <br /> <br />.1 <br /> <br />\ <br />, <br /> <br />. MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION <br />