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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 /> • • <br /> • <br /> • <br />