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• <br /> JUN 2 6 1995 <br /> PUBLIC RESOURCE <br /> GROUP INC. <br /> June 23, 1995 . <br /> Marketing, Development&Finance Specialists <br /> Mr. William Rubin <br /> Economic Development Coordinator <br /> 13065 Orono Parkway <br /> P.O. Box 490 <br /> Elk River, MN 55330, <br /> Dear Mr. Rubin: <br /> We have been retained by T L Feeding Systems, Inc. to find space within the Northwestern <br /> suburbs for relocation of their current operation. <br /> Al Larson, company principal, has recently sold his interest in T L Systems which has <br /> necessitates this relocation. Mr. Larson's history of success and growth at T L Systems <br /> provides a strong indication of future plans for the growth of T L Feeding. Although the <br /> company currently generates less than $1,000,000 in sales, the principals have significant plans <br /> for expansion of the business related to proprietary products, currently under development. <br /> The recent financial history is T L Feeding Systems has trended downward, however, the <br /> company retains a reasonable base of sales, positive net worth and significant unencumbered <br /> assets. The financial performance of T L Feeding was directly affected by the growth and <br /> ultimate sale of T L Systems. The principals have the financial strength to complete the <br /> financial transaction and growth anticipated for the company. <br /> This company represents a good opportunity for a potential high growth company to be located <br /> in Elk River. At this stage, I would request only a preliminary response, expressing your <br /> interest and identifying prospective financial programs which may apply from your community <br /> to this project. <br /> The company has a fairly limited search territory and wishes to make a preliminary site decision <br /> by mid July. For this reason, I would request that you would forward information to my <br /> attention by July 7. <br /> Sincerely, <br /> ' UJ C RE. • b 'C GROUP, INC. <br /> Oft <br /> Patrick W. Pelstring <br /> Chief Executive Officer <br /> PWP\dp <br /> Enclosure <br /> cc: T L Feeding Systems <br /> Attachment <br /> 4205 Lancaster Lane North •Suite 1100 +Minneapolis, Minnesota 55441 •(612) 550-7979 •(612) 550-9221 Fax <br /> I <br />