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Current status <br />•MN requires retirement of GOB before “beneficial use” occurs. <br />•What does this really mean? <br />• Spent $4,294,062.52 in 2014, end date is 2054.5, assume 40 year straight line payoff <br />• 2024 remaining obligation is 75%, $3,220,546.89 <br />•Mn/3M PFAS Settlement Priority 2 funding allotment is $20 M <br />•Priority 2 Goal 1 is to restore habitat <br />•Lake Elmo has suffered harm from PFAS (probably most of any locality on a per-capita <br />basis) and can justify compensation <br />•Lake Elmo EDA and City Council supported the submission of the LOI. <br />•LOI was submitted but was not accepted by Trustees “can’t work on source”