IDED Financial Assistance Award LetterJanuary 18, 2007
Ms. Lori Thielen, Chief Financial Officer
The Durrant Group, Inc.
700 Locust Street, Suite 942
Dubuque,lA 52001
RE: Financial Assistance Program Awards
Award Date: January 11, 2007
Contract #: P0611 M01193
Dear Ms. Thielen:
I am pleased to inform you that the Iowa Department of Economic Development has awarded The
Durrant Group, Inc. the following financial assistance for your project in Dubuque, Iowa:
Community Economic Betterment Account (CEBA) $ 50,000
$25,000 Loan, $25,000 Forgivable Loan
Enterprise Zone (EZ) -estimated value $382,000
Attached you will find a Sales and Use Tax Refund informational sheet describing the required
forms for the tax credit program. In a few weeks, our office will send you the necessary contract
documents to finalize the terms and conditions of your company's participation in these financial
assistance award programs. The contract documents must be signed by authorized
representatives of The Durrant Group, Inc., the City of Dubuque, and IDED.
The Iowa Department of Economic Development looks forward to working with The Durrant Group,
Inc. and the City of Dubuque on this important economic development project. We are very
pleased that you have chosen to make such a significant investment in Iowa. Should you have any
questions regarding this award, please contact your project manager, Katie Rockey at 515/242-
4783.
Sincerely„~
Michael L. Tramontina
Interim Director
MT/mm
cc: Senator Michael Connolly
Representative Pat Murphy
Mayor Roy Buol, City of Dubuque
David Heiar, City of Dubuque
IDED
IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT
200 East Grand Avenue, Des Moines, Iowa 50309 USA • Phone: 515.242.4700 • Fax: 515.242.4809 • www.iowalifechanging.com