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<br />IlCO <br /> <br />SERVICES <br /> <br />October 26, 2000 <br /> <br />City of Roseville <br />Cathy Capone Bennett <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br /> <br />Dear Cathy, <br /> <br />As a Roseville based company that has experienced incredible growth over the past five years, we have put <br />together a plan to continue this growth pattern. Currently IC Services has reached it's maxim capacity, and <br />in order for us to continue to grow and add additional jobs to the local economy, we need to expand our <br />manufacturing facility and purchases additional equipment. Our current Expansion Project will require us <br />to purchase approximately $5 million of equipment over the next two years. Along with the purchase of <br />this equipment we expect to add 48 good paying jobs to the local economy. Attached is a schedule of the <br />proposed equipment purchases and new hires. <br /> <br />Sincerely, <br /> <br />~~ /'1 <br /> <br />John Koch, <br />President <br /> <br />(0 Kr1'n kirk <br /> <br />2976 Cleveland Avenue North, Roseville, MN 55113 Phone: 651-639-9516 Fax: 651-604-0150 http:/ /www.icservice.com <br />