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1-� <br /> Cit of <br /> River <br /> MEMORANDUM <br /> TO: Nicole Fox, Nicole's Finishing Touch Salon <br /> FROM: Catherine Mehelich, Director of Economic Development <br /> DATE: February 8, 2008 <br /> SUBJECT: EDA Micro Loan Payments <br /> Attached you will find the amortization schedule for the$25,000 EDA Micro Loan issued to <br /> you today. Please note that the first payment will be due March 8, 2008 in the amount of <br /> $1,074.53,and on the eighth day of each month thereafter up to and including March 8, <br /> 2010. • <br /> Payments should be made payable to: <br /> City of Elk River <br /> 13065 Orono Parkway <br /> Elk River,MN 55330 <br /> Or feel free to contact your bank to arrange automatic payment options from your account. <br /> Any questions can be directed to me at 763.635.1041 or the City Finance Department at <br /> 763.635.1000. <br />