Laserfiche WebLink
i'-11.N ESOTA DEPARTXIENT OF <br /> TRADE AND ECONOMIC DE%ELOPME\T <br /> X00\Ictro square <br /> i2' -th('lice E.t;t <br /> E,11nt i'.wl \linn—ut'l ,-'101-2I4o L""A <br /> August 12 , 1996 <br /> The Honorable Dennis Probst <br /> Mayor, City of Arden Hills <br /> 1450 West Highway 96 <br /> Arden Hills, MN 55112 <br /> Dear Mayor Probst: <br /> I am pleased to inform you that your application for a <br /> Minnesota Investment Fund grant has been approved in the amount <br /> of $300, 000. As outlined in the approved application, the City <br /> of Arden Hills will make a loan of $300, 000 to Cardiac <br /> Pacemakers, Inc. <br /> A grant agreement is being prepared by the Business and <br /> • Community Development Division staff. They will also provide you <br /> with additional information about your grant award to help you <br /> achieve your economic development goals. Also, please note that <br /> your approved application becomes part of the grant agreement. <br /> No changes can be made regarding the rates, term, use, schedules, <br /> or recipient of the loan funds without approval from this <br /> Department. For additional information, contact Cheryl Johnson <br /> at (612) 296-2596. <br /> Finally, let me extend my congratulations to you and your <br /> staff for developing a successful project application to help <br /> address your community and economic development needs. <br /> sincerely, <br /> � 2yNovak <br /> r'mlmissioner <br /> JN:jmc <br /> -dd1296.76a <br /> ,a (612)29--1291 <br /> TTY/TDD(6":,282-6142 <br /> An Equal Opportunik Emplocer FAX(01',290-:290 <br />