HomeMy WebLinkAbout840700.tiff First Interstate Bank
of Denver, N.A.
First Seventeenth Colorado
Street
Denver,enDenver,
N.A. 80270 Walter C. Kane
Interstate 303 293-5307 Vice President
Bank
h.
December 16, 1983 "
✓4A. ' R y,
Mr. John T. Martin
Comm
issioner - Weld County
Cox �ge4".4ey
Greeley, CO 80632
Dear Mr. Martin:
First Interstate Bank of Denver, along with other investment banking
firms, recently served as manager of a Single Family Mortgage Revenue
Bond Issue for various counties and municipalities in Colorado. The
bonds were issued by Boulder County who received the allocation from
the various participating governmental entities that passed resolutions
making them eligible for participation in the pool of funds available
for the last quarter of 1983. Enclosed with this letter is a copy of
the official statement on this transaction which sets forth the lenders
participating in the program, the governmental entities and various
details relating to the program in different jurisdictions. As one of
the participating governmental entities in this program, I thought you
would be interested in receiving a copy of this official statement.
The bonds were marketed at an interest rate which has permitted a mort-
gage rate for participants in the program of 10.8%. This is a very
attractive rate in today's market. I am also enclosing a program guide-
line which has been prepared by the program administrator, Investors
Mortgage Insurance Company. I felt that this information may be useful
to you in responding to questions from residents of your area who might
be interested in details on the program. If I can supply you with any
additional information relative to this program, please advise me.
Thank you for your cooperation and assistance.
Yours truly,
Walter C. Kane
Vice President
WCK:mb
71
ra
The Official Bank of the 1984 Olympics o`qv 840700
Hello