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p <br /> JUL 23 1991 <br /> -_' D1fANCE <br /> Resources for Development,Inc. <br /> July 10, 1996 <br /> Paul Steinman <br /> Economic Development Coordinator <br /> City of Elk River <br /> P.O. Box 490 <br /> Elk River, MN 55330 <br /> Dear Paul: <br /> Attached is an application for financing from Jimichaeleen Mufflers, Inc. The <br /> purpose of the loan request is to secure funds to construct a new Midas Muffler store <br /> in the City of Elk River. The location of the new store will be at the Elk Park Center <br /> site. <br /> • The project will generate 8 new job opportunities for Elk River residents. Medical <br /> coverage is provided for the employees in addition to competitive salaries. Mr. Jim <br /> Taylor, the owner of the project, has had a long and successful track record with <br /> Midas and last year received the national Midas franchisee of the year award due to <br /> the exceptional service he provides to his customers. <br /> We are on a fast track to get this project completed this year. Your prompt review <br /> and approval of this loan request would be appreciated. If you have any questions, <br /> please feel free to contact me directly at 755-7741. <br /> Sincerely, <br /> lir <br /> Michael J. Mulrooney <br /> Development Consultant <br /> 4 <br /> Development CORPORATE.OFFICES P.O. Box 48269 P.O. Box 3027 <br /> and Finance Mpls.,MN 55448-0269 Mankato,MN 56002-3027 <br /> Phone: (612)755-7741 Phone: (507)387-7117 <br /> Specialists Fax: (612)755-5393 Fax: (507)387-6115 <br />