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y of <br /> \;.4 <br /> t�lk • <br /> it <br /> River <br /> May 13, 1998 <br /> Mr. Larry Hickman <br /> 12888 187th Circle NW <br /> Elk River, Minnesota 55330 <br /> Dear Mr. Hickman: <br /> Subject: Business Incubator Lease <br /> At its meeting on April 13, 1998, the Economic Development Authority <br /> unanimously approved an extension of its lease in the former Furniture and <br /> Things building for a period of two years. The term of the current lease was <br /> scheduled to end on April 14, 1999. The action as taken by the Economic <br /> • Development Authority extends this lease from April 15, 1999, to April 14, <br /> 2001, at a renewal term lease rate of$1.65 per square foot for 13,186 square <br /> feet of space. <br /> I would also like take this opportunity to pass along several favorable <br /> comments which were mentioned by EDA members regarding your <br /> participation in this business incubator project. It is evident that this project <br /> would not have become a reality without your partnership and cooperation. <br /> Please be advised also that we are planning a business incubator open house <br /> on Thursday, June 11, 1998, from approximately 4-6 p.m. Please notify me if <br /> you will be unable to attend the open house. <br /> Sincerely, <br /> Paul T. Steinman <br /> Director of Economic Development <br /> PTS:akh <br /> c: Pat Klaers, City Administrator <br /> III <br /> Hank Duitsman, EDA President <br /> 13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • TDD &Phone: (612)441-7420 • Fax: (612) 441-7425 <br />