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• <br /> September 7, 2011 <br /> LeRoy Lindenfelser <br /> The Bank of Elk River <br /> 630 Main Street <br /> Elk River, MN 55330 <br /> In February 2006,the City of Elk River approved $300,000 of Tax Abatement assistance to The <br /> Bank of Elk River. As a requirement of receiving such assistance the company is required to <br /> establish the job and wage goals—create 20 full-time jobs at a wage of$15/hour, in addition to <br /> the job retention of 63 FTE positions (Elk River location as of April 2006)within 2-years of the <br /> 1111 Certificate of Occupancy issued September 13, 2007. <br /> Your request for a 2-year extension was approved by the City Council on December 21, 2009. <br /> The approval extends the deadline to meet job creation goals as specified in the original <br /> agreement by September 13, 2011. You will still be required to continue to report progress on <br /> iob and wage goals annually as requested by the City until the goals are met. <br /> Please contact me with any questions at 763.635.1041. <br /> Sincerely, <br /> Annie Deckert <br /> Director of Economic Development <br /> Enclosure:Job creation form • <br /> CC: Pat Dwyer, President of The Bank of Elk River <br /> • <br />