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COLDWGLL <br /> BANKCR U <br /> ALLEGIANCE�/ T. <br /> 305 MAIN S <br /> REALTY ELK RIVER.MN 55330 <br /> RESIDENTIAL REAL ESTATE BUS.(612)241-0 <br /> FAX 241-9234(612) 34 <br /> Bill Rubin <br /> City of Elk River <br /> Economic Development Authority <br /> Elk River, Mn. 55330 <br /> Dear Bill, <br /> • We are formally requesting a transfer of our EDA Real Estate <br /> Loan from 305 Main street to 325 Main Street. We would be <br /> willing to pay the City Attorney, fees for closing, drawing up <br /> all papers, and recording fees. <br /> Our present mortgage will remain the same at First National <br /> Bank. (No more than what we presently owe, just trading <br /> properties. ) We have discussed this matter with our banker and <br /> been given tentative approval for a mortgage transfer. <br /> We will be paying off our equipment loan for the telephone <br /> system that we presently have financed with the city. <br /> We would appreciate your consideration in this proposal. Thank . <br /> you for your time spent with this proposal. <br /> Sincerely yours, <br /> Donnn,a,�JJ. Grover <br /> ,(? ) <br /> Broke <br /> 05 <br /> 1/r Zid?„74_ <br /> An Independently Owned and Operated Member of Coldwell Banker Residential Affiliates,Inc. MLSO <br />