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1998.10.12 PC Meeting Canceledr&IiaLVA to) cT_vIBill a DATE: October 1, 1998 TO: Planning Commission FROM: John Sutter RE: October 12, 1998 Meeting The October Planning Commission meeting has been cancelled for lack of action items. Please note the attached letter from Told Development Company regarding the Walgreen Redevelopment. Attachment FILE No. 280 10/01 '98 07:56 I D : TOLD DEVELOPMENT 612 420 7574 PAGE 2 SMLD DF_VELOPMENT COMPANY October 1, 1998 W. John Sutter City of Crystal 4141 North Douglas Drive Crystal, MN 55442 Re: Proposed Walgreen's Redevelopment Dear John: Via Fax 4531-1188 I. regret to inform you that we have reached an impasse with Walgreens on the business terms, and at this point, it seems extremely unlikely that the Walgreen's redevelopment at the Palace Inn/Boston Market will proceed. This was unexpected, and I wish to thank you, other staff members, the Planning Commission, and the City Council for their time, input, and ultimately the approvals on this effort. Please do not hesitate to call on me if you have any questions or require any additional information. Cry ly yours, H. Cunn.ingha Vice President -Development RHC: cst MINNEAPOLIS • MILWAUKEE WCDGWOOU COMMERCE CENTRE • 6900 Wedgwood Road, Suite 100, Maple Grope, MN 55311 - (612) 420.9000 Fax (612) 420-7574