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si^e ~^ <br />^ t~~`1 <br />:r <br />•: <br />®~~ <br />F?" L I ANCE MACHINE <br />FAX N0. :7634252067 Mar. 25 2009 02:02PM P1 <br />/. <br />~1. <br />.'.' <br />' E( <br />1 .. R ; ,; ~ r.. ~ <br />JJ yy <br />". ~. "pj1 <br />17520 'T'YLER S'1`II;E.F..T <br />LT..K R1Vr.R, MN 55330 <br />PH: 763-425-1610 ~ IjAX: 763-42.5-2067 <br />WLB: wc?vw.alli~in~ems~chinc.coan <br />U3-25-U9 <br />City of Elk River <br />nttn: Catherine Nlchelich <br />Defu• Cathy, <br />We arc responding to your request 1.'or the ~umual report of o~tr project goals which is a <br />requi~'ement .l~or the Tax Rehatc I~inancing/I3u5incss Subsidy Agreement. Iia review o~l' <br />the first two years '(2006-2007) in 1/'ll<. River we averagec128 F'l.'L mn.c( cndeii 2008 with 2~ <br />I~'.l'E. <br />iii view of. tho national financial crisis and its effect on All.i.anec Machine and our <br />customer base, we are requesting a three yeai extension to rnect. our •job and wabe goals <br />as established within the original agreement. <br />1~t this time we are restructuring our. labor fi:~rce and fnanci.ally cutting back where <br />needed to run mote efficiently. With these changes vve hope to weather the storm ~jnd <br />emerge a stronger company. <br />11'you have an.y q~pestions, please ca11 or email n1e: ww~w.Bryan(a),alliaueein.~iclrine,coin <br />Thank. yi~u. <br />Sni;ercly, <br />/~ <br />Rryan 1'ri~ o <br />Vice Preside~.at <br />