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Members Wiyninger and Stewart introduced themselves to the group. <br /> 4.03: Consider Letter of Intent for Outlot A, Gigi Addition; Case of The Schiebout Family <br /> Limited Partnership, LLLP (Portions may be closed to the public) <br /> Economic Development Manager Sullivan presented the staff report. <br /> Member Riley noted that the previous plan included a steakhouse rest rant and this plan does <br /> not appear to include that feature. He stated that was a desired a om the community, <br /> which is why there was such support from the City for the previ roject. He welcomed input <br /> from the developer. <br /> Emily Allegra, representing the applicant, stated that h/dgll started a ModTech and is <br /> interested in branching out into other industries. Sh �ted that they enj o or king with the <br /> City of Ramsey. She noted that they have custom hat fly in.and there is n� os place for <br /> those people to stay, which is how they got to th '� %�� t of a w e1. She comm d that staff <br /> did bringa the idea of a steakhouse but noted that C ��`p c ed lot of thoseynamics. She <br /> stated that restaurants included within existing hotels are ntly going bankrupt and therefore <br /> that is not included in the plans. She state that if the hotel d ourish over time, they would be <br /> interested in a freestanding restaurant but"4.J. t wish to tie the Igcts ogether. <br /> Member MacLennan noted the reference to b ,,siness l l end askif that has been picking back <br /> up <br /> Ms. Allegra replied is the rem they are recjesting a three-month period in order to conduct <br /> an updated demand ;,,�f the rret. She stay'# that they know their business has demand as <br /> i NIN <br /> do some others, but they j01 Y 1 confident <br /> Member /W "�''"' "� d if t' has been '% udy on how bringing in a hotel like this would <br /> impact "surroundmg/ <br /> Econo if vet pment M er Sul , an replied that a study has not been done on the impact to <br /> Ramsey, b� jwould be h qgf <br /> ' that people staying in a hotel would provide benefit to other <br /> businesses in ��, ea and weld also increase the tax base. He noted that there would also be <br /> i <br /> ability for extend ay fo�$onstruction crews. He stated that while The COR is not the only <br /> focus in the commuft,,4 an important asset that the City has invested in. <br /> Member Stewart asked how this hotel would be different than the existing hotel in Ramsey. <br /> Ms. Allegra commented that this hotel would be of a higher scale which brings a higher-level <br /> product and would perhaps draw customers from other communities as well. <br /> Member Stewart asked for more details. <br /> Economic Development Authority/April 14, 2022 <br /> Page 4 of 7 <br />