2006-08-06 Background Information
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August 8, 2006
Jon Sutherland
Building Official
City of Albertville
5975 Main Avenue
P.O. Box 9
Albertville, MN 55301
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TOWN &: COUNTRY HOMES
a K. Hovnanian. Company
RECEIVED
AlJG 1 0 2006
Building Inspections
Dear Mr. Sutherland:
Because we value our working relationship with you and the City of Albertville, I wanted to personally
write to you and share some information about a development at (Town & Country/K. Hovnanian). Just
two years ago, K. Hovnanian came to the Twin Cities with the establishment of a start-up company
bearing its name. Exactly one year later, K. Hovnanian acquired the operations of Town & Country
homes. And today, we are announcing the consolidation of these two operations under a single brand,
creating one ofthe area's top 10 builders. The organization will be known as K. Hovnanian Homes and
will be headquartered in Eden Prairie.
K. Hovnanian Homes and Town & Country Homes have earned strong reputations for quality and
customer service. We've also worked hard to build a solid reputation as good, responsible corporate
citizens. The combined organization will continue to build those reputations under the leadership of
Division President Art Plante, who was most recently president of Town & Country Homes, and who has
more than two decades of home industry experience.
Consolidating our local operations is the next logical step as we move to be the best builder in the Twin
Cities. We believe the area has tremendous potential as a progressive, growing region that will continue to
need high-quality homes at a variety of price points. We're excited about the new opportunities that our
combined company will be able to provide under one brand. We expect to sell more than 500 homes this
year at a variety of communities across the metropolitan area.
Moving forward, it's business as usual. We do not foresee any changes in our plans as a result of
combining our organizations. You will be notified well in advance of any changes in your day-to-day
operational associates and their contact information. For homeowners and homebuyers, the change also
will be invisible; they will be able to reach the same sales consultants, community managers and
homeowner services people.
We remain committed to working with you. While our fundamental business will not change, we expect
that our ability to grow in the Minneapolis/St. Paul market will only increase as a unified brand. We
believe the market here will continue to be strong and provide major opportunities.
If you have any questions, please do not hesitate to call me at 952-253-0462. We appreciate your support,
and we look forward to continue working with you in the years ahead.
Sincerely,
Kevin CI
Vice President of Land Development
Gl
EQUAL HOUSING
OPPORTUNITY
7615 Smetana Lane, Suite 180 . Eden Prairie, Minnesota 55344 . Phone 952-944-3455 . Fax 952-944-3437 . www.townandcountryhomesmn.com
Minnesota Builder #20539403 & #20543466