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OPPENHEIMER WOLFF&DONNELLY <br /> Plaza VII Brussels <br /> • 45 South Seventh Street Chicago <br /> Suite 3400 London <br /> Minneapolis,MN 55402 Minneapolis <br /> (612)344-9300 New York <br /> Telex:701605 Paris <br /> FAX:(612)344-9376 St.Paul <br /> Washington,D.C. <br /> April 15, 1993 <br /> Mr. Henry A. Duitsman <br /> c/o Tax Department pp1 +���M <br /> General Mills, Inc. Mt M" <br /> {ri <br /> Number One General Mills Blvd. <br /> Minneapolis, Minnesota 55426 <br /> Re: Economic Development <br /> Dear Mr. Duitsman: <br /> I was pleased to talk to you the other day about the efforts of <br /> Blandin Foundation to encourage development and transfer of <br /> technology from the University to outstate Minnesota individuals <br /> and companies. The goal of the Foundation is to encourage <br /> development of new and better jobs in rural Minnesota. A <br /> • restriction on the funding for this purpose is that the companies <br /> who might benefit from research from the University as a result of <br /> this program must not be in the Seven County Metropolitan Area. It <br /> is my understanding that all or part of Elk River falls outside of <br /> the Seven County Area and, accordingly, there may be opportunities <br /> for job development in those rural areas that could be of benefit <br /> to rural Minnesota. <br /> As I told you, we are currently in the process of setting up a new <br /> Foundation to administer these grants and the name of the fund will <br /> be Sota Tec Fund. The chief operating officer of that Foundation <br /> will be Al Riley who can be located at the following address and/or <br /> telephone numbers: <br /> Spencer Financial Corporation <br /> 4880 Euclid Avenue <br /> Suite 109 <br /> Palatine, Illinois 60067 <br /> 708-991-2700 <br /> 2780 County Road 20 <br /> Swatara, MN 55785 <br /> 218-566-2577 <br /> It is my understanding that you have contacted your economic <br /> development coordinator for the City of Elk River, Bill Rubin, and <br /> • please feel free to give him Al Riley's name and number so he can <br />