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ANCILLARY BENEFITS—in addition to expansion of the tax base,the development of a business park offers many ancillary benefits including: (1) increased local employment, (2) increased local personal income, and (3) increased local retail sales. Based on the size and scope of Ramsey's new proposed business park(93 acres, E1 Zoning),job creation and corresponding payroll for the business park is forecasted below(full build-out). BUSINESS PARK PROJECTIONS • Office employment: 676 • Manufacturing employment: 2,030 • Total jobs: 2,706 • Total estimated payroll: $38,534,000(2015 dollars) Based on U.S.Bureau of Economic Analysis(BEA)projections A study by the United States Chamber of Commerce concluded that the specific effects of increased manufacturing employment on the local community will depend on the type of industry,the labor force and the utilization of community facilities among many other factors. The findings suggested a population multiplier of 3.6 and an employment multiplier of 1.65. The U.S. BEA suggests a local income multiplier of approximately 1.5 times payroll. If the above findings were applied to the future business park,the following estimations below can be made. BUSINESS PARK PROJECTIONS:MULTIPLIER EFFECTS • Total jobs multiplier jobs: 1,758(based on 1.65 factor) • Breakdown of multiplier jobs: 514 retail,379 professional services, 165 business services, 703 other • Population creation:7,266(based on 3.5 factor) • Payroll multiplier:$19,267,000(based on 1.5 factor,2015 dollars) Based on U.S.Bureau of Economic Analysis(BEA),U.S.Chamber of Commerce,and ACG projections. Based on the Bolton & Menk Infrastructure Analysis, in 2015,the intersection of Bunker Lake Boulevard/Armstrong Boulevard received 30 vehicle trips per day from west of said intersection (from Bunker Lake Boulevard). After full build-out of the larger developable area, Bolton & Menk expects that number to grow to about 22,000 vehicle trips per day. The Bunker Lake Boulevard/Armstrong Boulevard intersection serves The COR. Increased daily vehicle trips adjacent to The COR is expected to have a positive effect on the future development and success of The COR;especially for retail uses. Arterial Infrastructure Arterial infrastructure includes all public infrastructure located along Bunker Lake Boulevard and Puma Street. Public infrastructure includes roads, storm sewer,trails,water lines, sewer lines, and street lights. Bunker Lake Boulevard and Puma Street is considered a Municipal State Aid (MSA) route, and serves not only the adjacent developable area, it also serves the western region of Ramsey. Bolton & Menk completed detailed arterial infrastructure study for the city's future business park. This study forecasts what infrastructure will be needed and how much it will cost. Said Bolton & Menk infrastructure study plays an important role in this Economic Development Analysis. Arterial infrastructure does not include internal roadways, utility lines, etc.;which will be needed in multiple scenarios within the larger 350 acre development. This study assumes internal infrastructure will be addressed by the private development market. ALLOCATION OF COSTS— three general options exist for assigning arterial infrastructure costs: (1) 100% city, (2)split between city and developer, and (3) 100%developer. Allocation of infrastructure costs effects the competitiveness of a potential new business park—as they subsequently drive land prices and return on investment. Page 7 of 12