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EXHIBIT A <br /> ELK RIVER ECOMONIC DEVELOPMENT AUTHORITY <br /> • MICRO LOANS <br /> Loan Loan Interest Term Monthly 12/31/93 <br /> Borrower Date Amount Rate (Months) Payment Principal <br /> Anoka Medical Properties 7/1/90 $100,000 8.75% 120 $1,253.27 $74,353.50 <br /> Alltool (1) 6/1/89 $200,000 9.00% 120 $2,533.52 $129,959.56 <br /> Beaudry Convenience` 12/28/93 $50,000 6.00% 120 $555.10 $50,000.00 <br /> Designing Women of Elk River' 2/18/93 $21,500 6.00% 180 $181.43 $20,821.17 <br /> 2/18/93 $6,000 6.00% 60 $114.30 $5,134.27 <br /> Elk River Motel Properties 7/1/90 $32,500 7.00% 65 $377.35 $28,738.80 <br /> Indy Lube• 10/28/93 $24,700 6.00% 180 $208.43 $17,379.07 <br /> Pomeroy Tool 7/1/92 $25,000 6.50% 180 $217.78 $23,447.23 <br /> Pure Steam (2) 7/1/90 $15,000 8.75% 36 $475.25 $0.00 <br /> 4/1/92 $25,000 3.50% 48 $558.90 $14,491.20 <br /> R &D Sales' 12/8/93 $17,500 6.00% 180 $147.68 $17,500.00 <br /> Roma Tool (3) 7/1/91 $500,000 10.00% 240 $750.00 $481,658.22 <br /> • Second Generation Properties' 11/23/92 $50,000 6.00% 240 $358.22 $48,665.05 <br /> Tescom• 5/18/93 $50,000 6.00% 180 $555.10 $48,146.36 <br /> (4) 5/18/93 $250,000 4.50% 120 N/A $250,000.00 <br /> TOTAL $1,367,200.00 $8,286.33 $1,210,294.43 <br /> (1) The City retains the first $100,000 principal plus interest. The remainder is payable <br /> to the State. <br /> (2) Final payment was made on June 1, 1993. <br /> (3) The terms of this loan were renegotiated in 1991; the renegotiated terms are <br /> as listed. Monthly payments increase to $1,000.00 on January 1, 1994. <br /> The City retains the first $200,000 principal plus interest; the remainder is payable <br /> to the State. <br /> (4) The City retains all principal and interest to be repaid. <br /> Tescom has not requested any draws; therefore, the December 31, 1993, <br /> principal balance is $250,000.00. <br /> *Variable Interest Rate. <br /> • <br /> LOANS.XLS <br />