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o The developer will request reduced park dedication fees to correspond with the first-time buyer price point. Earnest Money: $25,000 or other amount mutually agreed upon byBuyer and Seller. Inspection Period: 180 days from signature of Purchase Agreement. Closing would take place following Final Plat approval. Rezoning approvalto R-2 (attached townhome) orsimilar. Construction is anticipated to begin spring of 2024, with anticipated development approvals. o Two or three phases of construction depending on market conditions. o Sales pace is expected to be 2-3 homes per month. Aftercarefulconsideration, the plan willnot include additional sidewalks from the rear of the buildings. Some of these considerations include: o The Capstone townhome design is a market-driven (front loaded) townhome design, featuring optimal rear yardusable green space. ThisCapstone design appeals to a largerportion of the townhome market; including families, professionalsand first time home buyers. Capstone’s plan isfrontloaded; the front entrance located on the interior/street side of the neighborhood. Capstone homes does not offeran urban alley load townhome. o Our neighborhooddesign optimizes green space. Our greenspace design reducesimpervious surfaceand offers over 7 acres of greenspace. The greenspace is continuous without sidewalk separation, allowing for optimal use of the rear yardareas. o Additional sidewalks would impact price point for buyers. Urban sidewalk design would increase construction costs and directlyimpact the home price(Concrete, grading, and irrigation). Urban sidewalk design would increaseHOA assessments. o Increases in both mowing and snow removalcontracts. o Increasein required reserves for replacement. Parcel #46 has great development potential to enhancethe comprehensivevision for the cityof Ramsey. The architectureas presented, and neighborhood designfit the character of the COR and will complement wellthe vision the city has for the COR. The sketch plan introduced here can be the ‘bookend’ the city has been looking for to develop Parcel #46 within the Sunwood corridor. The attached townhome will bring increased density at eight units per acres and corresponding tax revenue desired by the city. The additionalhomeowners within the CORwill promote walkability in the COR, entice more restaurants and retail to come into the COR. As a Ramsey based company, Capstone Homes has enjoyed working closely with city staff and elected bodies over the years to bring highly sought-after quality homes in the Brookfield, Riverstone, Riverstone Southand The Preserve at Northfork neighborhoods. We look forward to working with the citystaff and elected bodies once again to bring Parcel #46 to life. Best regards, Heather Lorch Land Manager Encl: Color Rendering Site Data