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iSOLOMON <br />REAL ESTATE <br />GROUP <br />"Where Wisdom and Opportunity Meet" <br />November 30, 2011 <br />Ms. Heidi Nelson <br />Executive Director <br />The COR of Ramsey <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />Re: Request for a grocery exclusive and/or restriction on the vacant land <br />within the COR. <br />Dear Ms. Nelson: <br />As the original and long-time owners of the Coborn's-anchored shopping center <br />known as Northstar Marketplace we have been loyal and committed to the growth and <br />success of the Ramsey Town Center (now The COR), and we remain so to this day and <br />into the future. The recent developments and proposed opportunities within the area are <br />very exciting and offer great potential for all. <br />As you know, we have been in discussions with the City as it relates to the new <br />Armstrong Boulevard Interchange and the impacts it will have on our shopping center <br />property. Of course, all things equal, we would prefer to have our entry and primary point <br />of access left unchanged. However, we understand the need for this change and support <br />the City of Ramsey's efforts to work with us and other impacted parties in the downtown <br />area, and to try and minimize the effects it will have on our properties and tenants. <br />We believe we share a common desire to see our properties and tenants remain <br />healthy and active through the changes that may incur in the future (including <br />infrastructure changes and the newly proposed development activity within The COR). <br />We understand that change is inevitable and important for the continued growth of The <br />COR and support your efforts. However, with these changes, some challenges or <br />concerns to arise that we hope can be proactively addressed with the City. <br />As I'm sure you can fully appreciate, our shopping center is largely dependent <br />upon the success of our one main anchor tenant — that being Coborn's. As Coborn's <br />remains successful and healthy, our other tenants, and thus, the entire shopping center <br />property can remain healthy and successful. In order to insure this on -going success, we <br />respectfully request that the City of Ramsey agree to place a deed restriction on the <br />