Exhibit
10.2


February 22, 2007


Mr. Gary Grotjohn, Controller


Akron Riverview Corn Processors LLC


4808 F Avenue


Marcus, IA 51035


RE:          Financial Assistance
Program Awards


Award Date: February 15,
2007


Contract #:
P0702M01286


Dear Mr. Grotjohn:


I am pleased to inform
you that the Iowa Department of Economic Development has awarded Akron
Riverview Corn Processors LLC the following financial assistance for your
project in Akron, Iowa:


	
  High Quality Job Creation
  (HQJC) – estimated value

  	
   

  	
  $12,187,500

  



 


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 this financial assistance
award program.  The contract documents
must be signed by authorized representatives of Akron Riverview Corn Processors
LLC, Plymouth County, and IDED.


The Iowa Department of Economic
Development looks forward to working with Akron Riverview Corn Processors LLC
and Plymouth County 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, Peggy Russell at 515/242-4848.


	
  Sincerely,

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Michael L. Tramontina

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Michael L. Tramontina

  	
   

  	
   

  
	
  Interim Director

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  MT/mm

  	
   

  	
   

  
	
   

  
	
  cc:

  	
   

  	
  Senator Dave Mulder

  
	
   

  	
   

  	
  Representative Chuck Soderberg

  
	
   

  	
   

  	
  Kathy Showalter, PlanScape Partner

  
	
   

  	
   

  	
  Jim Henrich, Plymouth County Board of Supervisors

  
	
   

  	
   

  	
  Gary Tucker, Plymouth County Economic Development

  
	
   

  	
   

  	
  IDED

  
					



 











Sales and
Use Tax Refunds


As a participant in one
of Iowa’s tax credit programs (Enterprise Zone, High Quality Job Creation
Program, New Capital Investment Program, or New Jobs and Income Program), you
may be eligible to receive a refund of the sales, service or use taxes paid
during the construction phase of your project. 
To file a claim for a refund of sales/use taxes in Iowa, please utilize
the following forms which can be found on the Iowa Department of Revenue
website at http://www.state.ia.us/tax/forms/sales.html.


Form IA-843 Claim for Refund


This form is to be used
for all purchases made directly by the company for those goods and services
that qualify for Iowa’s general sales and use tax refund.  Sales and use tax refunds on construction
material and services must be claimed on the Construction
Contract – Claim for Refund form.


The Department of Revenue
asks that companies that have been approved for benefits under one of Iowa’s
tax credit programs and are seeking sales and use tax refunds for gas,
electric, water of sewer utility services used during the construction process
use Form IA-843 for those specific
utility-related sales and use tax refunds.


Please explain the kind
of items being claimed in the “Reason for Refund Request” portion of the claim
form and reference the law under which you are applying (i.e. 2005 Iowa Codes
Section 15.331A, New Jobs and Income Program) and the Agreement Number given to
you by the Iowa Department of Economic Development (i.e. 2001-EZ-04).  Also, per the instructions on the back of Form IA-843, be sure to include copies of the invoices or a
schedule to support the claim.


Form 35-003 Construction Contract
– Claim for Refund


This form is to be used
for all construction projects related to sales and use tax refund claims
involving a contractor or subcontractor. 
Use this form to request a refund of the Iowa sales and use tax paid by
a construction contractor and their sub-contractors (if any) on tangible
property which: 1) is used by said contractor and subcontractor in performance
of a written construction contract with the program participant; and 2) becomes
a component or integral part of the project described.


On the “Description of
Project” line include the Agreement Number given to you by the Iowa Department
of Economic Development (i.e. 2001-EZ-04). 
A Contractor’s Statement must be completed and attached.  If you are your own contractor, a Contractor’s
Statement is still required.


These claims are for
those sales and use tax refunds described in the Iowa Code Sections related to
the applicable tax incentive program and must be filed within one (1) year
after the project completion.


Form 35-002a Iowa Contractor’s
Statement


This form requires the
oath to be notarized by the contractor. 
If you note the instructions on the back of the form, they should be
adjusted to replace all references to “government body, private nonprofit
educational institutions, or nonprofit museum” to the business participating in
the tax credit program.  If you are your
own contractor, the same applies.


It is very important that
all portions of the Iowa Contractor’s
Statement be completed by the contractor prior to filing the refund
claim and all portions of Form IA-843 and
Construction Contract – Claim for Refund
be completed by the business eligible to receive the refund to insure the claim
can be processed in a timely manner.


Form IA-148 Tax Credits Schedule


The Department of Revenue
is now requiring a tax credit certificate number for all tax credits claimed in
2006 and future years.  After the
business has fulfilled all conditions to receive program benefits as identified
in the master contract and funding agreement, IDED will send the business a tax
credit certificate.  The tax credit
number will be used on Form IA 148.


Only state sales taxes
may be refunded under these programs.  These programs do not cover local option sales taxes.


If you have any
questions, please feel free to contact the Iowa Department of Revenue Help Line


Telephone: (515)
281-3114 or (800) 367-3388 or via email: idr@iowa.gov


March 1, 2007