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• 1993 MINNESOTA CITY PARTICIPATION PROGRAM <br /> I . ELIGIBLE ORGANIZATION <br /> (a) Elk River Economic Development Authority <br /> 13065 Orono Parkway <br /> Elk River, MN 55330 <br /> (b) William Rubin <br /> Economic Development Coordinator <br /> (612)441-7420 <br /> (c) William Rubin <br /> (d) Economic Development Authority (EDA) <br /> (e) $1,500,000 requested <br /> Number of Loans : 17 <br /> ( f) Does not apply. <br /> • II . ORIGINATING LENDER <br /> First National Mortgage <br /> 729 Main Street <br /> Elk River, MN 55330 <br /> Patsy Kropuenske <br /> Vice President-Manager <br /> ( 612)441-7133 <br /> A letter confirming the willingness of First National <br /> Mortgage to participate in the 1992 Elk River MCPP is <br /> attached. <br /> III . HOUSING PLAN <br /> (a) Principal Housing needs: <br /> o The need to maintain, preserve and strengthen <br /> the City' s existing housing stock. <br /> o Ongoing need for the orderly development of <br /> residential subdivisions that are consistent with <br /> the semi-rural character of the community. <br /> 111 <br />