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<br />. iitteSANK <br /> <br /> <br />. OF ELK RIvER <br /> <br />Member FDIC <br />MAIN STREET OFFICE. 630 Main Street. Elk River, MN 55330. (763) 441-1000 <br /> <br />December 21, 2005 <br /> <br />Catherine Mehelich <br />Director of Economic Development <br />13065 Orono Parkway <br />Elk River, MN 55330 <br /> <br />RE: Tax abatement application <br /> <br />Dear Cathy, <br /> <br />The Bank of Elk River pledges to complete the proposed addition within one year of <br />groundbreaking. <br /> <br />DEe 2 3 200; <br /> <br />The project architect says this is a realistic schedule unless there are major material shortages. <br /> <br />Please 9all me at 241-8528 if you have any questions. <br /> <br />Sincerely, <br /> <br /> <br />James M. Simpson <br />President <br /> <br />MAIN STREET · SCHOOL STREET · OTSEGO · ZIMMERMAN <br />ELK RIVER WAL-MART. MAPLE GROVE WAL-MART <br />www.TheBankofElkRiver.com <br />