Letter from Kevin Clark 5-7-07
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RECeIVED
MAY 0 8 2007
CITY OF CHANHASSEN
7615 Smetana Lane, Suite 180
Eden Prairie, MN 55344
May 7, 2007
Ms. Kate Aanenson
Community Development Director
City of Chanhassen
7700 Market Boulevard
P.O. Box 147
Chanhassen, MN 55317
RE: Liberty at Creek Side
Dear Ms. Aanenson:
I am writing to notify you that K. Hovnanian Homes has cancelled its purchase agreement with
the seller of the Bruce Jeurissen parcel which had obtained preliminary plat approval for our
Liberty at Creek Side community. Because of the difficult market conditions and lower than
expected velocity of sales at our Liberty on Bluff Creek community, we can no longer pursue
this community.
I would like to thank you and your staff for your significant contributions to successfully
obtaining preliminary plat approval for this community and we look forward to working with
yourself and the city of Chanhassen in the future. K. Hovnanian Homes is continually
exploring new development opportunities, and we would like to visit with you in the near
future to determine what opportunities are available in Chanhassen for various types of
communities.
Once again, thank you for your continued assistance with our communities. If you have any
questions, please do not hesitate to contact me at 952-253-0462.
Very truly yours,
~~~
Kevin M. Clark
Vice President of Land Development
cc: Rick Janssen, Vice President of Land Acquisition