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~. ~ <br />~Y a._ <br />October 11, 2011 <br />City of Elk River <br />Attn: Annie B Deckert <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Re: Tax Abatement assistance <br />Dear Annie <br />Please find included with this letter the jobs reporting information as requested. <br />As you are aware, the Great Recession has significantly impacted our community and in turn, our ability <br />to achieve the job creation goals originally established in 2007. <br />At this time, we are requesting another two year extension to the agreement, which will allow economic <br />conditions to improve and increase demand for further job growth. <br />Your consideration is greatly appreciated. <br />If there are any questions, please do not hesitate to contact me directly at 753-241-8507. <br />Sincerely <br />Lego I Lindenfelser <br />Y <br />Chief Financial Officer <br />630 Main Street, Elk River, MN 55330 I p) 763-441-1000 ! f) 763-441-0847 I www.thebankofe/kriver.com I Memr~~FO,c <br />