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is up to 12-years or until the reimbursement amount is reached. If the developer does not meet the goals <br />by the end of the extension term, the city retains the option to reduce the subsidy. <br />ATTACHMENTS <br />• Correspondence from The Bank of Elk River dated October 11, 2011 <br />• Correspondence from The Bank of Elk River dated November 16, 2011 <br />Action Motion by Second by Vote <br />Follow Up <br />N:\PubGc Bodies\City Council\Council RCA\Agenda Packet\i1-21-2011~Jobs Goal Extension.docx <br />