6.0. HRSR 03-24-1997 411.4410
NEWS ALERT! ! WI/
• Minnesota Homes Division
MINNESOTA HOUSING FINANCE AGENCY
MCPP - March 3, 1997 r -r,
1997 MCPP CONTRACTS Department of Finance approximately
in June.
Enclosed are TWO originals of the PROGRAM- MARKETING
MCPP Application Commitment - SUPPORT
Agreement. Please check this
information:
Over the next week, we will be
Page 1: City name and address preparing marketing materials,
Page 2: Requested and approved including statewide and local press
commitment amounts releases, for the 1997 MCPP. You may
be contacted by a staff member to
Both original agreements, along with clarify your program features, confirm
the specified fees (see enclosed fee lenders, or to provide MHFA with any
schedule), must be returned by missing information. Our objective is to
MARCH 17, 1997. Cities that return accurately describe your local program
contracts after this date may be and highlight specific city
excluded from participation. enhancements.
• Reminder: Both Agreements must be The statewide press release will
signed by an authorized individual and contain a quote from MHFA's
returned. We will execute the "MHFA Commissioner and a list of all cities
Approval" section and return one copy participating. For the local press
to you. release, you may provide a short quote
from a local official. If you choose to do
so, you must fax your quote to:
FEE REMITTANCE Michelle Ramos
To determine the amount of fees due 612-296-8292
from your city, refer to the attached Quotes must be received by March 14.
schedule. Please remit a single For cities that do not send a quote, we
check made payable to the will use the Commissioner's quote.
Minnesota Housing Finance
Agency covering both the 1%
application fee and the processing fee.
The agency will cash all checks upon
receipt and wire a single remittance to
the Department of Finance. The
processing fee will be retained by the
Department of Finance to cover their
expenses in administering the housing
pool. The 1% application deposit will
• be returned to you directly from the
400 Sibley Street,Suite 300, St. Paul, Minnesota 55101
(612)296-7613 Fax—(612)296-8292
Telecommunications Device for the Deaf(TDD) (612)297-2361
Equal Opportunity Housing and Equal Opportunity Employment
MINNESOTA
IrtHOUSING
FINANCE
AGENCY
DATE: March 3, 1997
TO: 1997 Mortgage Revenue Bond Allocation Applicants
FROM: Michael Haley
Director, Minnesota Homes Division
SUBJECT: 1997 Mortgage Revenue Bond Allocation
Thank you for your application for an allocation of 1997 mortgage revenue bond
authority pursuant to Minnesota Statute 474A.061. Attached is a list containing the
amounts allotted to each applicant. This letter is your official notification of said
allotments. This list is also forwarded to the Department of Finance, and
Commissioner in accordance with the statute.
Each applicant's final allocation was determined by applying a population-based
formula. Pursuant to the Statute, no applicant received more than it was allowed by
application of the population based formula. A minimum allocation of $100,000 was
established under Statute.
To request your allotment of bond authority from the Commissioner of the Department
of Finance, each applicant must submit the specified fees and supporting
documentation as prescribed by Statute. For applicants requesting MHFA to sell
bonds on their behalf under the Minnesota City Participation Program, additional
information is provided in this letter. For applicants who plan to sell bonds of their own
behalf, we recommend that you confer with bond counsel.
Should you have any questions regarding this allocation call:
Michelle Ramos
MCPP Coordinator
612-297-5146 (Metro) or
800-710-8871 (Greater Minnesota)
400 Sibley Street, Suite 300,St. Paul, Minnesota 55101 (612)296-7608
Telecommunications Device for the Deaf(TDD)(612)297-2361
Equal Opportunity Housing and Equal Opportunity Employment
MCPP 1997 Fee Schedule
1 • Participating Amount Allocation Processing Total Fees
City Allocated Fee Fee Due
City of Anoka $308,659 $3,086.59 $60.00 $3,146.59
City of Barnesville $100,000 $1,000.00 $20.00 $1,020:00
City of Belle Plaine $100,000 $1,000.00 $20.00 $1,020.00
Beltrami County $642,703 $6,427.03 $120.00 $6,547.03
Bloomington Housing $1,530,037 $15,300.37 $300.00 $15,600.37
City of Blue Earth $100,000 $1,000.00 $20.00 $1,020.00
Blue Earth County $971,272 $9,712.72 $200.00 $9,912.72
Breckenridge Port Authority $100,000 $1,000.00 $20.00 $1,020.00
City of Claremont EDA $100,000 $1,000.00 $20.00 $1,020.00
Clearwater County $100,000 $1,000.00 $20.00 $1,020.00
City of Columbia Heights $328,869 $3,288.69 $60.00 $3,348.69
City of Crookston $143,212 $1,432.12 $20.00 $1,452.12
Crow Wing County $852,706 $8,527.06 $180.00 $8,707.06
City of Detroit Lakes $128,812 $1,288.12 $20.00 $1,308.12
City of Dilworth $100,000 $1,000.00 $20.00 $1,020.00
City of Dodge Center $100,000 $1,000.00 $20.00 $1,020.00
IIIDouglas County HRA $491,874 $4,918.74 $100.00 $5,018.74
City of Duluth $1,508,085 $15,080.85 $300.00 $15,380.85
City of Eden Prairie $815,262 $8,152.62 $160.00 $8,312.62
"Elk River HRA $233,893 $2,338.93 $40.00 $2,378.93
nn \\ City of Fergus Falls $226,640 $2,266.40 $40.00 0 $2,306.40
Bluff Country $704,688 $7,046.88 $140.00 $7,186.88
Fosston Economic $100,000 $1,000.00 $20.00 $1,020.00
City-of Glyndon $100,000 $1,000.00 $20.00 $1,020.00
Grant County HRA $109,887 $1,098.87 $20.00 $1,118.87
Hennepin County HRA $8,493,050 $84,930.50 $1,700.00 $86,630.50
Hubbard County $285,632 $2.856.32 $60.00 $2,916.32
Little Falls HRA $133,706 $1,337.06 $20.00 $1,357.06
City of Maple Lake $100,000 $1,000.00 $20.00 $1,020.00
City of Moorhead $592,830 $5,928.30 $120.00 $6,048.30
Morrison County HRA $407,736 $4,077.36 $80.00 $4,157.36
City of Mounds View $221,129 $2,211.29 $40.00 $2,251.29
Mower County $256,778 $2,567.78 $60.00 $2,627.78
City of New Brighton $396,769 $3,967.69 $80.00 $4,047.69
City of North Mankato $199,634 $1,996.34 $40.00 $2,036.34
• City of Owatonna $359,712 $3,597.12 $80.00 $3,677.12
City of Pelican Rapids $100,000 $1,000.00 $20.00 $1,020.00
City of Richfield $620,328 $6,203.28 $120.00 $6,323.28
MCPP 1997 Fee Schedule
IIIParticipating Amount Allocation Processing Total Fees
City Allocated Fee Fee Due
City of Saint Peter $173,104 $1,731.04 $40.00 Si,771.04
Sauk Rapids HRA $162,243 $1,622.43 $40.00 $1,662.43
City of St.James $100,000 $1,000.00 $20.00 $1,020.00
Stevens County HRA $186,167 $1,861.67 $40.00 $1,901.67
Washington County $3,088,541 $30,885.41 $620.00 $31,505.41
Willmar HRA $328,992 $3,289.92 $60.00 $3,349.92 •
Wright County $1,334,417 $13,344.17 $260.00 $13,604.17
City of Zimmerman $100,000 $1,000.00 $20.00 $1,020.00
$27,637,367.00 $276,373.67 $5,500.00 $281,873.67
III
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