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AMERICAN <br /> r NATIONAL <br /> ern ` BANK., <br /> MINNESOTA <br /> Memo <br /> To: Catherine Mehelich <br /> From: Steve King, Manager <br /> American National Bank of Elk River <br /> Date: January 6,2004 <br /> Re: SERVICE ON ECONOMIC DEVELOPMENT COMMITTEES <br /> I would like to express my interest in providing service on two separate committees <br /> that are of particular interest to me. I would like to serve on the EDA Finance <br /> Committee and the EDA Business Incubator Advisory Committee. <br /> In serving as Executive Director for the Dakota County Economic Development <br /> Partnership from 1998 to 2002 I was also President of "Dakota County Capital" (a <br /> small but tasteful revolving loan fund). This fund was created to facilitate light <br /> manufacturing and industrial start up businesses achieve pre-bank funding. Often <br /> financing was subordinated to direct bank lending in the form of participations. <br /> Prior to Dakota County, I was the Vice President of Development for the Saint Paul <br /> Port Authority. In this capacity I assisted manufacturing and technology companies <br /> negotiate affordable leases and assisted with establishing criteria for eligibility of <br /> corporations desiring relocation in Port Authority owned Business Parks. <br /> I have over 19 years of retail and commercial banking experience. I understand <br /> economic cost benefit models and have an interest in Elk River's economic <br /> development programs and growth. I would be happy to answer any questions you <br /> may have regarding my background. <br /> Sincerely, <br /> Steve King <br /> • <br /> •Page 1 <br />