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PUBLIC RESOURCE <br /> i <br /> GROUP INC. <br /> Business Development&Finance Specialists <br /> June 20, 1996 <br /> Mr. Patrick Klaers <br /> City of Elk River <br /> 13065 Orono Parkway ,. '- <br /> P.O. Box 490. <br /> Elk River, MN 55330 <br /> Re: TL Feeding <br /> Dear Mr Klaers <br /> I have been advised, early this week, that.TL Feeding has determined not to proceed - <br /> with their development project: <br /> The company is under,a relatively short time frame'with:its current landlord to move <br /> the':TL`Feeding operation: The company has reached an agreement on a three year <br /> lease on space in Osseo ::and this will eliminate the need to move forward on the <br /> project. <br /> I have appreciated your cooperation, support, and working with us on this project. <br /> Please contact me if you have additional questions or comments. , <br /> Sincerely, <br /> • PUBLIC RESOURCE GROUP, INC. , <br /> lil.tlJ . f i <br /> Patrick W. Pelstring <br /> Chief Executive Officer :, <br /> PWP\dp <br /> cc: Fred Nungesser, TL Feeding <br /> Al Larson, TL Feeding <br /> 4205 Lancaster Lane North* Suite 1100 ♦'Minneapolis,Minnesota 55441 • (612)550-7979 '• (612)550-9221 Fax <br />