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13065 Orono Parkway <br />Elk River, MN 55330 <br />January ??, 2009 <br />Iviile Robertson <br />Cite Administrator <br />City of Otsego <br />8899 N.E. Nashua Avenue <br />Otsego, iYIl~1 55330 <br />RE: NSP Foreclosure Funds in the 55330 Zip Code <br />Dear l~iile: <br />As a follow up to our recent conversation regarding the use of NSP funds within the 55330 <br />zip code, we propose the following: <br />Otsego foreclosures = 48 <br />Ell: River foreclosures = 2~ <br />Total foreclosures = 276 <br />NSP funds split in the 55330 zip code: <br />Otsego @ 17% = S 121,626 <br />Ell: Rir=er @ 83% _ ~ 593T820 <br />Total NSP Funds in 55330 zip code = 5 715,4-~G <br />Please have I~~iayor Stockamp sign below and keep a copy for your NSP applie:etion. ?hanks <br />again for your help and understanding. <br />Sin re1~-, <br />i <br />}~ . Gongo <br />Communiry Development Director <br />Agreed: <br />Agreed: <br />Iviay r Stephanie Kltnzuig Date I4Ia}Tor Jessica Stockamp Date <br />Phone: 763.635.1000 <br />Fax: 763.635.1090 <br />vaww.ci.elk-river.mn.us <br />