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EXHIBIT FP-2A <br /> 1111 <br /> Norwest Bank Minnesota, N.A. <br /> MORWEST BANKS Norwest Center <br /> .17:7 ? Sixth and Marquette <br /> Minneapolis. Minnesota 55479-0001 <br /> 612/667-1234 <br /> July 21, 1992 INFORMATION <br /> Mr. William Rubin <br /> EamunicDe Development Coordinator <br /> City of ver <br /> 720 Dodge Avenue <br /> 04 Elk River, MN 55330 <br /> Dear Mr. Rubin: <br /> As you know, Norwest Bank Minnesota, National Association recently <br /> issued a standby letter of credit in the amount of $1,520,550 to <br /> support the repayment of industrial development revenue bonds issued <br /> by the City of Elk River to finance expansion of Tesoam Corporation's <br /> facilities. When combined with existing credit facilities <br /> outstanding, the issuance of this letter of credit put Tesccan at its <br /> 11 maximum debt capacity available from Norwest. Consequently, lam <br /> writing this letter to confirm that, other than the letter of credit <br /> just issued, Norwest is unable to provide additional financing to <br /> P • Tescan for completion of the Elk River expansion. <br /> Please ca11 me should you have any questions on this matter. <br /> Sincerely, <br /> 74.4 (--64.(f-Q14: <br /> Ronald E. Gockowski <br /> Vice President <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />