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<br /> . ' , t::'.<:}b 61T \ /1 <br /> C <br /> . ~A~(";E.50T.~ DEP.-\R'D.-{E,.1'..,"T OF ~ a.... <br /> .(. TRADE A.\fD ECO.'lOMrc DE\"'ELO[,~E."""'T iJ <br /> . 'l).,:'. <br /> -,. Q. <br /> .'l. -<:I_ <br /> ."7 '3" <br /> SoXl MerroSo:j"'J.n~ .. ., ~ .. <br /> ..:;: :... <br /> 12t 7th ?t.Jce !olSt '.:~ E: <br /> Sai,nt P:t..:..!, Minnesol:135101.21 "'-6 US^ a......?-'" Ci'!;.... <br /> . '" . <br /> . ."/"'!'d.:!d~\~"" <br /> r.......... <br /> Odober 20, 1995 <br /> . <br /> Mr. Dave Reimer <br /> . Director of Facilities <br /> CPI Guident <br /> 4100 Hamline Avenue North <br /> . Arden Hills, MN 55112 <br /> Dear Mr. Reimer. <br /> . As a follow up to our phone conversaUon of Odober 19, I thought it would be helpful to put <br /> down on paper some of the things we discussed in terms of CPI Guident's request for state <br /> financial assistance, In our discussion. you described the expedation on behalf of CPI <br /> . Guidant to receive a $500,000 ERF Award. In my response I explained !hat in our current <br /> fisC<l1 year, ERF funding was basically exhausied and that our ability to provide funding for' <br /> your project would be in the range of $250.000 to a maximum of $300,000. This money has <br /> .- been set aside and earmar1<ed .for your project and will be released to the City of Arden Hills <br /> upon completion of saUsfying program requirements and conditions. <br /> In terms of our discussion concerning potential future funding for next year, I explained how <br /> . DTED is prohibited from making any fulure-oriented commitments mainly due to an extremely <br /> uncertain 1996 legislative sessi<m that could do any number of tIlings to tile ERF program. <br /> . Dave, you also asKed if you could apply for additional funding assistance next year. All things <br /> being equal and similar to the ERF program of today, the answer would be yes. CPI Guidant <br /> could reapply. Yet, please know this would be a new project and would be evaluated on its <br /> . own merits and subject to available funding. <br /> OaV8. as you Know. Jay Noval<. the Commissioner of DTED, and all of us in the department <br /> could not be more pleased with CPI Guidant's decision to expand in Minnesota, To the <br /> . greatest extent possible, we will do everything we can 10 assist you in your expansion and <br /> growth. We look forward to a continued positive ongoing relationship, , <br /> . Sincerely, _ <br /> ~e,4 <br /> . J y Rageth, Director <br /> ffiea of Business Development and Finance <br /> . Ijmk <br /> .- e fit (6U}:!~7.!191 <br /> (800) 057.%8 <br /> TrY lIDO (612) 182~11.?. <br /> . ...l".." t'l'.lJl ~pO'I\1.r'.ity E=,plQyer FA....X (61:2) 2...%-i290 <br /> El <br /> ;;00 QJJ G3"lG LgZ~go;:;;T9 IV.:! ~g;CT ~S/rZIOt <br />