Laserfiche WebLink
11/27/2001 13:32 6417846923 IHI PAGE 02 <br /> INC. <br /> November 26, 2001 <br /> Catherine Mehelich, Director <br /> Department of Economic Development <br /> City of Elk River <br /> 13065 Orono Parkway, Box 490 <br /> Elk River, MN 55330 <br /> Mrs. Mehellch, <br /> Enclosed please find a Micro Loan Fund Application to enable Minnesota Fabrication & <br /> Machine to purchase certain machinery and equipment so it can remain in Elk River. It is <br /> our understanding that the loan is for 3 years, amortized over 15 years, with a balloon <br /> payment. It is our intention to repay this loan within the required time period. <br /> 410 We understand that a properly executed Bill of Sale is required at the document signing <br /> meeting. The schedule, as we understand it, is as follows: <br /> December 3: Micro Loan Committee Meeting <br /> December 10: Economic Development Authority Meeting <br /> Week of December 17: Document signing, funds transfer <br /> I plan to be present at the December 3 meeting to supply any information or assistance. <br /> desired so you can reach a prompt decision. <br /> Thank you for your assistance in this matter. If we can help further, please contact me. <br /> Sincerely, <br /> Donald E. Mllislagie, Jr., President V _ <br /> End. <br /> • <br /> 218 EAST MAIN STREET • LAMONI, IOWA 50140 <br /> IHI Phone: 641-784-6921 • MFM Phone: 763-441-2733 • PC Phone: 641-784-8841 <br />