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JI° Elk, <br /> River <br /> 13065 Orono Parkway <br /> Elk River,MN 55330 <br /> 11/1/2013 <br /> Dear Bill LaVigne, <br /> I am writing to inform you that,as I had requested previously and as required under your <br /> contract with the EDA,the City will need documentation of the original number of jobs <br /> existing with the Bank on the subsidy benefit date and will need the attached 2013 <br /> Minnesota Business Assistance Form for Non-JOBZ Projects prepared by close of <br /> business today.If the EDA does not receive the documents requested,this matter will be <br /> presented to the EDA Finance Committee for a determination of whether the Bank is in <br /> default on its Tax Abatement Agreement with the EDA.The City has provided The Bank of <br /> Elk River two extensions and also set November 1,2013 as the final deadline to meet the <br /> requirements of the Business Subsidy Agreement <br /> We intend to present this matter to the EDA Finance Committee November 5,2013 and <br /> possibly November 12,2013.From there,it will go to the EDA and City Council. <br /> Sincerely, <br /> / /,G <br /> Brian B M.P.A. <br /> Director of Economic Development <br /> 1 <br /> Attach: State Form <br /> • <br /> • <br /> Phone:763.635.1000 ! 1 / E R E O ® i <br /> Fax:763.635.1090 <br /> 'NAME' <br />