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Part 6- See attached Site plan and building renderings <br /> • Tax Ill number: Part of 28-32-25-22-0058 <br /> • Legal Description: Part of Outlot A,COR TWO <br /> • Approximately 2.85 acres <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 brand <br /> that offers top of the industry training,benefits,and support. Beyond the direct employment impact,it <br /> will also drive economic demand and higher revenues in the community,as well as indirect jobs through <br /> suppliers,gig-workers,and vendors. The versatility of the hotel will provide short-term and long-term <br /> lodging options for many of the companies and families requiring temporary longer stay lodging while <br /> between homes or even for construction crews that are working on other projects in the 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. Lven though there are other lodging options in Ramsey,our project will meet a different market <br /> offering the extended stay which will increase the overall economic impact and draw new customers and <br /> additional tax revenue into our community. <br /> Based on these unmet needs determined through the demand study and the partnership with the City,we <br /> decided to pursue the project despite the uncertainty of the post-Covid lodging market,as well as the <br /> significant upfront cost that the project will incur. With the support of the City of Ramsey,we believe that <br /> the best opportunity to drive more economic growth is to take the risk and pioneer this project. <br /> Part 8 - See Section 8 <br />