Laserfiche WebLink
'''"% The Bank <br /> November 16,2011 <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 /> As a follow up to our recent conversation,I wanted to provide you some more details regarding the <br /> • bank and our outlook for the next two years,in the event that someone from the Bank cannot attend <br /> the meeting on Monday. <br /> As we discussed,job creation in the next two years for our business is largely dependent on the rate <br /> of recovery the Elk River community realizes. We've recently restructured our business to better <br /> position for future profitability. With this came reductions to staff and a focus on efficiency. <br /> We are now staffed at a low point,so opportunities for growth and increased business will present <br /> the potential for new job creation at the Bank. <br /> As a community Bank,our successes and struggles mirror those of the businesses and communities <br /> we directly serve. We are hopeful that the years to come will be prosperous not only for the Bank, <br /> but for the entire Elk River community. Job creation will be a part of that prosperity. <br /> Sin rely, <br /> fr at 616 <br /> Bill.LaVigne <br /> Chief Operating Officer <br /> o <br /> 630 Main Street, Elk River, MN 55330 p)763-441-1000 t)763-441-0847 www.thebankofeikriver.com+ menteyrac <br />