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PRINT & 6161TAL <br /> 1/5/2017 <br /> City of Ramsey <br /> Patrick Brama <br /> 7550 Sunwood Drive NW <br /> Ramsey,MN 55303 <br /> Dear Mr. Brama, <br /> American Print &Digital is a wholesale printing company that was founded in 2009 and is based solely in Ram- <br /> sey. Our core products are marketing materials, stationery,books,and business forms and we sell these to print- <br /> ing brokers and sales people around the country. Due to steady growth,we have decided to expand our business <br /> with new equipment and more space. <br /> In early 2016 we began searching for and found equipment that will allow us to add tremendous capacity to our <br /> current production. In addition,this equipment will allow us to expand our product offerings and increase our <br /> competitiveness in other areas. As part of this expansion we are also in need of additional space. We currently <br /> occupy 5000 square feet and have discussed adding on another 5000. During this process,however,the building <br /> at 6320 Highway 10 became available. <br /> 6320 Highway 10 was previously occupied by a printing company. It already has all of the power capacity and <br /> distribution that we need for our equipment. The building is large enough for our business now and for growth <br /> in the future. We are planning to buy this property,make some upgrades inside and out,and begin operations <br /> there by April 2017. <br /> I am applying for SBA financing for the equipment and building. This financing requires 10% equity and it is my <br /> hope that the City of Ramsey will help with a 5%loan. Partnering with the City of Ramsey will help ensure the <br /> success of our expansion by allowing us to retain some of our cash reserves for moving expenses and the addi- <br /> tional costs that come with this type of expansion (inventory, support equipment,marketing, etc.). While our <br /> numbers aren't quite final,the whole package will be close to $1,400,000. $800,000 for the building and improve- <br /> ments. $600,000 for equipment. <br /> Thank you for your consideration. Our company has been successful in Ramsey for over 7 years and we are very <br /> excited for this opportunity to stay and continue to grow here. <br /> Sincerely, <br /> Jason Farrell <br /> President <br /> 13950 Radium St NW, Suite 400 • Ramsey,MN 55303 <br /> 763-421-0611 9 877-364-4545 9 Fax 763-712-9107 <br />