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the septic tank system in the current incubator facility. <br /> CYMBET's battery technology may provide Elk River with an unanticipated <br /> ilin hancement of the Energy Alley theme. This battery technology may yet <br /> dd <br /> hundreds of high paid jobs in the community. Further, companies that <br /> incorporate the battery technology into their products may find Elk <br /> River an <br /> ideal location for these operations. <br /> Recommendation: The Elk River Incubator Program should be moved to a <br /> facility that is hooked to city water and sewer in order to accommodate <br /> these <br /> types of companies (unless the city water and sewer are likely to be <br /> connected before the end of calendar year 2003 at the latest) . <br /> Requests for Consideration: <br /> Genesis has been pleased to have helped the Elk River EDA over the last <br /> 4 to <br /> 5 years in respect of helping to establish and then helping to manage <br /> the <br /> incubator program. It has been a rewarding experience. <br /> The monthly fee for our services has been $500 for the last 3 plus <br /> years. We <br /> respectfully request that the fee be set at $1, 000 . Of course, this is a <br /> large increase per se. It represents a 'step function' increase because <br /> of I <br /> the three or more prior years that were flat. For comparison purposes, <br /> ,en <br /> were helping the VIDC in Mankato, our fee was $2,000 per month. For <br /> the <br /> last few years our fee for the WBIC in Spooner, Wisconsin has been <br /> $1,000 per <br /> month. We are shortly going to enter a contract with SREDA in Saskatoon, <br /> Saskachewan for about $2, 000 per month. <br /> A secondary option would be for the EDA to offer a larger portion of the <br /> shares from the rent barter transactions to Genesis in lieu of an <br /> increase <br /> in the cash payment. <br /> ill <br /> 3 <br />