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<br /> <br />DRAFT <br /> <br />March 4, 1993 <br /> <br />Mr. Thomas T. Feeney <br />U.S. Department of Housing <br />and Urban Development <br />220 2nd Street South <br />Minneapolis, MN 55401-2195 <br /> <br />Dear Mr. Feeney: <br /> <br />On the basis of 1990 census information, the federal Office of <br />Management and Budget has determined that Sherburne County is <br />now part of the Twin City Metropolitan Statistical Area (MSA). <br />The City of Elk River sees some advantages and disadvantages to <br />this designation. It is clear, however, that the Twin Cities <br />has an influence on the rapid growth experienced in Elk River <br />over the past decade. <br /> <br />~ One advantage to the MSA designation relates to FHA mortgage <br />insurance limits. The City of Elk River is hopeful that FHA <br />will act expeditiously to adjust its single-family mortgage <br />insurance program upward to reflect the higher limits enjoyed <br />by other home buyers in the Twin Cities. As we move from <br />winter to spring, home builders and realtors are enthusiastic <br />about the upcoming construction and home buying season. An <br />adjustment of FHA's metro limits into Elk River and Sherburne <br />County will contribute significantly to this enthusiasm. <br /> <br />Thank you for your prompt attention to this matter. <br />event of questions or comments, please feel free <br />staff Patrick Klaers or William Rubin at 441-7420. <br />contacted during normal business hours at 540-3520. <br /> <br />In the <br />to call my <br />I can be <br /> <br />Sincerely yours, <br /> <br />Henry A. Duitsman <br />Mayor <br />City of Elk River, Minnesota <br /> <br />~ <br /> <br />720 Dodge Avenue N.W., Elk River, Minnesota 55330 (612) 441-7420 <br />