Laserfiche WebLink
ftof1$ iver <br /> April 26, 2000 <br /> Mr. Larry Hickman <br /> 12888 187th Circle NW <br /> Elk River, Minnesota 55330 <br /> Subject: Business Incubator Lease — Second Renewal Term <br /> Dear Mr. Hickman: <br /> At a special meeting on April 24, 2000, 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 is <br /> scheduled to end on April 14, 2001. The action as taken by the EDA extends <br /> • this lease from April 15, 2001, to April 14, 2003, at the second renewal term <br /> lease rate of$1.85 per square foot for 13,186 square feet of space. <br /> The EDA will again consider renewing the lease of the business incubator in <br /> January of 2002 for a third term that will run from April 15, 2003 to April 14, <br /> 2005. <br /> On behalf of the Economic Development Authority, I would like to convey my <br /> appreciation for your partnership and cooperation in the incubator program. <br /> Although the program's success to date has been limited, it has generated a <br /> fair amount of publicity for the City and contributed to its reputation as a <br /> pro-business community. Hopefully the program will experience further <br /> success in the near future. <br /> Sincerely <br /> Ma c D. Nevinski <br /> Acting Director of Economic Development <br /> • <br /> 13065 Orono Parkway • P.O.Box 490 • Elk River,MN 55330 • TDD &Phone: (612)441-7420 • Fax: (612)441-7425 <br />