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Information #2 10-17-2005 Independent School District ADMINISTRATION OFFICES 815 Highway 10 Elk River, MN 55330 728 DR. ALAN JENSEN Superintendent of Schools (763) 241-3400 Fax (763) 241-3407 October 5, 2005 Mr. Pat Klaers Elk River City Administrator 13065 Orono Parkway Elk River, MN 55330 Dear Pat: Per your request I sought approval from the School Board to cost share with the City of Elk River a signal light at the entrance to Elk River High School parking lot on School Street. My request was approved. I passed on the following information to the Board: the amount would be approximately $150,000 with fifty (50) percent to be paid by the school district, payment to be spread over a five-year time period with annual payment in arrears from the District to the City spread in equal payments, the initial costs to be paid in advance by the City. I do understand that the cost of the installation and equipment may be fluid at this time and may be more or less depending on you being able to obtain final pricing. If the cost is significantly higher please let me know as soon as you are able to make that determination. Let me know if you need further clarification. Thanks for the opportunity to work with you and the City. I appreciate efforts on behalf of all of the community. Sincerely, ~