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5. HRSR 03-01-2010
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5. HRSR 03-01-2010
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5/13/2014 9:08:35 AM
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2/26/2010 2:53:59 PM
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City Government
type
HRSR
date
3/1/2010
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The leasing of the units is not intended to be a long term plan. Minnwest's plans to sell the property are <br />unchanged. The bank has not in the past had nor currently have a desire to continue owning this <br />property. Renting the units is simply a tinny to meet what appears to be a need in the community and <br />generate some income to help cover some of the expenses of maintaining the property. <br />Feel free to contact me with any questions that you may have. <br />Sincerely, <br />MINNWEST BANK, M.V. <br />Richard P. Schroeder <br />SVP -- Credit Officer <br />enclosures <br />
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