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Part 6— See attached Site plan and building renderings <br /> • Tax ID number: 28-32-25-23-0020 <br /> • Legal Description: Outlot A, Gigi Addition <br /> Part 7—See section C <br /> Part of the mission of our family and business is to serve our community. When we evaluated the needs <br /> of our company, employees and their families, as well as our greater community in Ramsey,we realized <br /> there was a need in our local area for a high-quality lodging that would provide an extended stay option. <br /> Currently there are no offerings of this type within Ramsey. <br /> This potential development will create many new employment opportunities with a strong national <br /> brand that offers top of the industry training, benefits, and support. Beyond the direct employment <br /> impact, it will also drive economic demand and higher revenues in the community, as well as indirect <br /> jobs through suppliers, gig-workers, and vendors. The versatility of the hotel will provide short-term <br /> and long-term lodging options for many of the companies and families requiring temporary longer stay <br /> lodging while between homes or even for construction crews that are working on other projects in the <br /> City. <br /> We are also committed to partnering with a top national brand and flag to bring into Ramsey which will <br /> create a stimulus for bringing in more national brands for future restaurants and retail locations for the <br /> city of Ramsey. We see this as a win-win for the community we serve,the city we support, and future <br /> economic growth for all stakeholders and the city at large. <br /> This unmet need was validated through the demand study and feasibility analysis that showed Ramsey's <br /> unmet need for an extended stay hotel with the closest similar product over 10 miles away outside of <br /> Ramsey. Even though there are other lodging options in Ramsey, our project will meet a different <br /> market offering the extended stay which will increase the overall economic impact and draw new <br /> customers and additional tax revenue into our community. <br /> Based on these unmet needs determined through the demand study and the partnership with the City, <br /> we decided to pursue the project despite the uncertainty of the post-Covid lodging market, as well as <br /> the significant upfront cost that the project will incur. With the support of the City of Ramsey,we <br /> believe that the best opportunity to drive more economic growth is to take the risk and pioneer this <br /> project. <br /> Part 8—See Section 8 <br />