5. Crossroads National Bank purchase agreement CITYOF
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CHANHASSEN
690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317
(612) 937-1900 • FAX (612) 937-5739
' MEMORANDUM 5j( " 1 fitil
TO: Housing and Redevelopment Authority
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FROM: Don Ashworth, Executive Director hill )",
DATE: September 14 , 1990 (l efre
' SUBJ: Update Regarding the Crossroads National Bank Purchase
Agreement
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Through various telephone conversations with Housing and
Redevelopment Authority members/City Council, questions appear to
exist as to how to best entice Crossroads National Bank into
becoming a reality as soon as possible. The corollary statement is
one of attempting to get a response from them as soon as possible
' if they do not intend to build. The City Attorney has advised that
if the latter scenario in fact develops, the sooner that the
city/HRA could receive notification from the developer the better.
Staff will contact bank officials prior to Tuesday's meeting.