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Page 2 of 2 <br /> missing. <br /> Thanks( <br /> P.S. You had inquired about the ownership of the American National Bank building in Elk River. According to the County <br /> website it is owned by American National Bank of Minnesota(Brainerd address). <br /> Also, I checked into your question about The Bank of Elk River's business subsidy/job creation obligation. According to <br /> our records The Bank is required to create 20 full-time jobs at$15.00+ by Sept. 13.2009(2years after certificate of <br /> occupancy)in a to tp retaining 68 existing FTE,all positions being located in Elk River. Our records indicate <br /> employment apt 68 FTE time of application(2006). In order to meet the busines— subsidy requirement the City <br /> �Q,Q, would need d6sunieritation for a total of 88 FTE at a base wage of$15+/hour excluding benefits required by law. If you <br /> ' feel The Bank has reached this goal, please let me know and I will forward you the form to complete and submit in order <br /> to close out the business subsidy requirement on this project. Otherwise,we will be requesting this information at the end <br /> of the subsidy benefit period in September 2009. <br /> Catherine Mehelich <br /> Director of Economic Development <br /> City of Elk River <br /> 13066 Orono Parkway • <br /> Elk River,MN 55330 <br /> PH 763.635.1041 <br /> FX 763.635.1090 <br /> rES Mc 3aviKLotfip <br /> 4.ri 1 4006 a g-135=43 /lo <br /> Atm st ,4007 ally 1-1134:::69,8 <br /> ,,e 1 p l q, I tilo = 0, 1 laa , 1 <br /> FFr ?O '9 3© + 3'7i -&9, 1 /A0,4 <br /> • <br /> •/ \ <br /> zizizoog <br />