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Of <br />( B&kLAKF. ELMO AVENUE NO.. LAKE ELMO, MINNESOTA 6WQ-0457. 0 rM-6'MW <br />March 16, 1988 <br />Ms, Judy Bull <br />President <br />Washington County Library Board <br />908 12th Avenue South <br />Forest Lake, MN 55025 <br />Dear Ms. Bull: <br />The State Bank of Lake Elmo is beginning plans for the <br />construction of a new bank building on State Highway 5 in Lake <br />Elmo. If our plans go well, we,expect to be able to occupy a <br />new building by January 1, 1990. <br />The construction of a new bank building in the Lake Elmo <br />business district, is a major financial commitment and <br />reinforces the Bank's historic concern for the vitality of the <br />Lake Elmo business district. We believe the Lake Elmo Branch of <br />the Washington County Library contributes a great deal to that <br />vitality. We are interested in contributing, if we can, to the <br />support and improvement of the Branch Library. <br />We think we may be able to make a substantial contribution by <br />providing our present bank building as a home for the Library. <br />Our present bank building contains approximately 5,000 square <br />feet. It is located on a tract of land containing approximately <br />30,000 square feet, the building was originally constructed in <br />1965 and substantially remodeled in 1979. It seems to us that <br />the size and design of the building, with its ample parking, is <br />ideally suited for a branch library. <br />If you agree, we are willing to consider making a gift of this <br />building to the Library Board on the following conditions: <br />1. The building would have to be used for the Lake Elmo Branch <br />Library and related purposes for at least ten (10) years, or <br />it would go back to the Bank. <br />