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11 First <br /> Of Elk River <br /> Main Office: 729 Main Street Elk River,MN 55330-1595 612/441-2200 <br /> 1.1 <br /> December 20, 1999 <br /> H.R.A. —Elk River <br /> 13065 Orono Parkway <br /> Elk River, MN 55330 <br /> Gentlemen: <br /> This is to indicate the desire of First National Bank of Elk River to purchase the lot at the <br /> corner of King Main (legal description to apply). <br /> The purpose would be to expand certain financial services of First National Bank of Elk <br /> River. <br /> We would be willing to purchase the lot for$175,000, cash on closing. It is also our <br /> intent to formulate plans for an acceptable building on this lot during the year 2000. We <br /> • also intend to have a building constructed on this lot during the year 2001. <br /> We ask for acceptance of this proposal to enable us to continue being a vital part of the <br /> downtown area and our community. <br /> Yours truly, <br /> Xe....e/a 71 0 <br /> ,/ c <br /> Richard Gongoll <br /> President <br /> RG/cls <br /> 0 <br /> Branches in:Anoka,Elk River,Hassan,Monticello,and Zimmerman <br /> www.lnatbanker.com E Mail➢fnber@lnatbanker.com <br />