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Mr. Wogernese stated that he would need to verify the market study but would estimate between <br />$109 and $120 per night. <br />Mayor LeTourneau asked why Ramsey and why now. <br />Mr. Wogernese stated that Cobblestone is a Wisconsin based company, with hotels in some other <br />midwestern states, and they would like to branch out into Minnesota. <br />Councilmember Menth asked why Ramsey and not another town. <br />Mr. Wogernese stated that they are looking at other markets as well. He stated that this building <br />will fit well into The COR district as well. <br />Mayor LeTourneau stated that Ramsey is a growing community and aims to be friendly to new <br />businesses. He explained that was the reasoning behind the questions related to why <br />Cobblestone selected Ramsey. <br />Mr. Wogernese stated that Cobblestone has a boutique feel with an outside patio and fits well <br />into the Main Street concept. He stated that with the new buildings in The COR, they feel that <br />this would be a good fit. <br />Deputy City Administrator Gladhill noted that this lead was generated through the ICSC <br />convention that staff attended. <br />Councilmember Riley stated that this hits multiple goals of the community and the terms of the <br />agreement are good for the City, as it will obtain full asking price for the land over the course of <br />ten years. <br />Motion by Councilmember Riley, seconded by Councilmember Kuzma, to Adopt Resolution <br />#20-022 Approving Purchase Agreement and Preliminary TIF Financing Deal Structure for Part <br />of Outlot A, COR Stone Brook Academy, subject to City Attorney approval as to legal form. <br />Motion carried. Voting Yes: Mayor LeTourneau, Councilmembers Riley, Kuzma, Heinrich, <br />Menth, Musgrove, and Specht. Voting No: None. <br />7.03: Adopt Resolution #20-026 Approving a Home Occupation Permit for Garbage <br />Hauling Company at 17030 Baugh St NW; Case of the Birchems (#19-141) <br />Deputy City Administrator Gladhill reviewed the staff report and stated that based on Planning <br />Commission feedback, staff recommends approving an amended request for a Home Occupation <br />Permit for a Garbage Hauling Company at 17030 Baugh St NW. This would be a less -intensive <br />permit than originally applied for, with bookkeeping and two trucks. <br />Councilmember Heinrich asked if the garbage truck proposed to be outside has an ability to be <br />stored indoors with the other truck. <br />City Council / January 28, 2020 <br />Page 6 of 10 <br />