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CENT HOMES., <br />11460 Robinson Drive NW <br />Minneapolis, MN 55433 <br />March 21, 2022 <br />Attn: Kurt Ulrich, City Administrator <br />City of Ramsey <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />Subject: Update on the Ramsey Cottages at the COR Project <br />Dear Kurt, <br />Happy Spring! I am reaching out to provide our final update on progress at the Cottages at the COR project in Ramsey. <br />You and your team at the City of Ramsey continue to be instrumental in making the project a success. As always, we <br />appreciate the opportunity to be a part of this community; we are grateful for your hard work, dedication, and for being an <br />advocate for Centra Homes. <br />Project Summary: <br />The Cottages at the COR community is a distinctive neighborhood located at the southwest corner of Ramsey Blvd and <br />Bunker Lake Blvd (just a few minutes' walk from The Draw). <br />The project features a charming, walkable neighborhood with high -quality detached townhomes throughout. Cottages at <br />the COR introduces unique, highly efficient, affordable for -sale home options in the City of Ramsey. With front doors and <br />porches facing public roads, the neighborhood is welcoming and attractive to the greater community. Through a network <br />of private roads as well as new sidewalks and pedestrian trails that connect Ramsey Blvd to Olivine, Cottages at the COR <br />completes the block in a highly walkable manner. A new, artistically landscaped open space provides an inviting <br />community -oriented connection to the existing neighborhood. <br />With City Council, City Staff and Neighborhood input, this new neighborhood of 40 homes continues to grow and is <br />nearing completion! <br />The March 2022 update on the Cottages at the COR development project: <br />In Fall 2021, we completed touch-ups to private infrastructure including curb replacements and final lift of asphalt. <br />Throughout fall and winter, we completed installation of foundations within our remaining block, and are currently framing <br />up our last available homes. We have also begun the process of converting our sales center model back into a for -sale <br />spec home as we begin to close out our sales process for the community. We continue to receive positive feedback from <br />the community, and are so pleased with the final result of everyone's effort to bring this project to life. <br />Home Type <br />Total Planned Homes <br />Homes Sold to Date* <br />% Complete <br />Two -Story Detached Townhomes <br />40 <br />36 <br />90% <br />1 of 2 <br />