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April 11, 2005 <br />Page 2 of 2 <br />We understand that the proposed range of assistance cannot match the significant <br />investment that The Bank of Elk River will make with the proposed project. We look <br />forward to meeting with you to discuss and refine this preliminary proposal as it relates to <br />your project needs. <br />We hope that you will find downtown Elk River to be the continued home of The Bank of <br />Elk River's retail and corporate office. Please feel free to contact either one of us at 763- <br />635-1000 if you have any questions. <br />Sincerely, <br />~~,e%~Ut ~~l/C2111.1~ <br />Patrick Klaers <br />Ciry Administrator <br />~ ~ <br />Catherine Mehelich <br />Director of Economic Development <br />