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<br />~ <br />, . .. .. <br /> <br />'t' <br /> <br />-g <br /> <br />FIRST STATE BANK <br />of NEW BRIGHTON <br /> <br />~.! <br /> <br />2299 PALMER DRIVE <br />NEW BRIGHTON. MINN. 55112 <br />PHONE: 612/636-4300 <br /> <br />September 21. 1982 <br /> <br />City of New Brighton <br />803 5 Ave N. W. <br />New Brighton. MN 55112 <br /> <br />RE: Tax Exempt Mortgage Fjnancing <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 />financing for a new faCility to be constructed within the city <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 infonnation <br />presented to us as of this date. <br /> <br />Although the final details have not been discussed relative <br />to the buil di ng plans. the tax exempt status. or the compal'\Y <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 compal'\)' and the ci ty. <br /> <br />/', <br />__--__.yours truly. " } <br />(~, "\; - - (,' _'. I <br />-./ " --------- - <br />- .. , 't -, <br />/ James 0.." Fiust' ' J " <br />Vi ce Pres; dent <br /> <br />JDF I ng <br /> <br />, <br />\ <br /> <br />. MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION <br />