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•Team <br />Zaudtke <br />Our Experience is your Key <br />February 7, 2020 <br />Tim Gladhill <br />Deputy City Administrator <br />City Of Ramsey <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />Re: Villa Product at New Northfork Development <br />Dear Tim and City of Ramsey officials, <br />We would like to thank you for your considerations of having Meadow Creek Developers LLC construct <br />Villas in the New North Fork development that is currently proposed. <br />As an industry leading team at Edina Realty Inc, Team Zaudtke Inc. has been representing new <br />construction projects for over 20 years. In this time, we have watched trends change, construction costs <br />and land costs increase dramatically. <br />It is in our professional opinion that the latest trend in the past 10 years is the baby boomers and young <br />professionals flock to a Villa product vs a single family residential home. The positives for the Villa <br />product that we are offering is that you have no common walls like a traditional townhome, yet the <br />owner still has no maintenance worries, and snow removal and lawn care is contracted to remove the <br />burden from the homeowner. <br />In our past two projects, Parkside North in Blaine (44units) and The Villas of Rush Creek Trail in Brooklyn <br />Park (79 units) both were extremely successful and both finished out over a year earlier than projected. <br />With the increasing demand of the Baby boomer generation, we feel that the Villa product would <br />flourish, especially with abutting to the golf course and easy access to Highway 10. <br />Regards <br />Shaun Zaudtke <br />President -Team Zaudtke Inc <br />Edina Realty Inc. <br />