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ETROPLAINS <br /> DEVELOPMENT LLC <br /> • PROPERTIES INC <br /> "housing the heartland " <br /> 1600 University Avenue,Suite 212 <br /> St.Paul,MN 55104-3825 <br /> Phone:651-646-7848 <br /> Fax:651-646-8947 <br /> January 27,2004-_ <br /> Catherine Mehelich <br /> Director of Economic Development <br /> City of Elk River <br /> 13065 Orono Parkway <br /> Box 490 <br /> Elk River MN 55330 <br /> RE: Pre-Development Agreement <br /> Dear Catherine: <br /> • We are rapidly approaching November 1st which is the date that the Preliminary Development <br /> Agreement expires. We are very active in the process of securing financing and working through <br /> the related issues of the Development Agreement with the City of Elk River. As you know these <br /> items are very complicated and sometimes take more time than anticipated. We, therefore, request <br /> that the Preliminary Development Agreement be extended until January 30, 2004. This should <br /> allow us to get through the issues relating to the Development Agreement at the same time working <br /> through the time frame of the holidays here at year-end. <br /> We appreciate the continued coordination and team building with the City of Elk River and <br /> MetroPlains to realize this important project in the revitalization of Downtown Elk River. <br /> Sincerely, <br /> LaVerne Hanson, Jr. <br /> cc: Jeanne Kelsey <br /> Rick Martens <br /> G:\Elk River\mdl\Letter Melevich re Predevelopment Agreement <br />