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INFORMATION <br />GREAT RIVER <br />ENERGY® <br />i /84S bast Highway 10 P.O. Box 800 Elk River, Minnesota 55330-0600 763-441-3121 Fax 763-241-2366 • www.GreatRiverEnergy.com <br />November 21, 2005 <br />Stephanie Klinzing, Mayor <br />City of Elk River <br />13065 Orono Pkwy <br />Elk River, MN 55330 <br />Dear Mayor Klinzing <br />Great River Energy has completed an extensive search for a new headquarters site. <br />Our board's facilities subcommittee followed a detailed process that used a number of <br />criteria to evaluate several locations. <br />After using these criteria to evaluate the sites, Great River Energy did not select the Elk <br />River Gateway site as the location for our new headquarters. We greatly appreciate all <br />of the information and follow up documentation the city of Elk River provided us during <br />this process. <br />Although we did not select Elk River as the site of our new headquarters, we are not <br />leaving the city. More than 100 employees will remain at our Elk River operations when <br />we move to our new headquarters in 2008. We currently are completing construction of <br />a $5.4 million warehouse/garage/office building and are developing plans for other <br />projects. We expect to invest millions of dollars in a new line construction building and <br />an equipment maintenance building at our Elk River site. <br />We appreciate your cooperation and support during this process and look forward to <br />working with you in the future. We also want to assure you that we will continue to take <br />our role as a corporate citizen of Elk River seriously. <br />If you have any questions, please contact me. <br />Sincerely, <br />GREAT RIVER ENERGY <br />e./I ~_ <br />David Saggau <br />President and CEO <br />C: Catherine Mehelich -City of Eik River <br />Senator Mike Jungbauer <br />Mike Finley; Therese LaCanne; Kandace Olsen; Larry Schmid <br />A Touchstone Energy Cooperative <br />