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MINNESOTA <br />DEPARTMENT OF <br />COMMERCE <br /> <br />$5 7th Place East, Suite 500 <br />St. Paul, Minnesota 55101-3165 <br />www. com merce.state.mn.us <br />651 296 4026 FAX 651 297 1959 <br />An equal opportunity employer <br />October 5, 2007 <br />City Clerk <br />City of Elk River <br />13065 Orono Rd. <br />Elk River, MN 55330 <br />CERTIFIED MAII~ <br />RE: Wal-Mart Stores, Inc. -License #20431046 <br />Currency Exchange License Renewal for 2008 <br />Deaz City Clerk: <br />The above-named currency exchange licensee has made application to renew its currency exchange <br />license to operate at: <br />18185 Zane St. <br />Elk River, MN 55330 <br />Pursuant to Minnesota Statutes Chapter 53A.04, we aze notifying your office that a complete currency <br />exchange license renewal application has been filed with the Department of Commerce. The renewal <br />application included the names of the officers and owners of the licensee, background checks on each <br />of the owners and officers from the Minnesota Bureau of Criminal Apprehension, a fee schedule of <br />all fees to be charged by the currency exchange office, a $10,000 surety bond valid through <br />December 31, 2008, and the $500 renewal fee. If you wish to receive a copy of the complete currency <br />exchange license renewal application form that was filed with this office, please contact Lynne at <br />651-296-2297 and it will be forwarded to you. <br />Minnesota Statutes Chapter 53A.04 requires the Department of Commerce to submit any application <br />for licensure as a currency exchange to the governing body of the municipality in which the currency <br />exchange conducts business. The law further requires the governing body of the municipality to <br />render a decision regazding the renewal of the license within 60 days. Your cooperation in <br />forwazding this information to the proper unit within your organization is appreciated. <br />Your reply must be received within 60 days of receipt of this letter. If you have any questions, <br />please contact me at the telephone number listed below. <br />Very truly yours, <br />Ro1Sin H. Brown <br />Financial EXarnlnatlon5 Division <br />651-282-9855 <br />651-296-8591 (Fax) <br />