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EMILY ALLEGRA <br />RAMSEY PROPERTIES, LLC <br />8445 Bunker Lake Blvd. NVV Ramsey, MN 55303 1763-516-10781 emily@schieboutfa.com <br />December 20th, 2024 <br />Sean Sullivan <br />Economic Development Manager <br />City of Ramsey <br />7550 Sunwood Drive NVV <br />Ramsey, MN 55303 <br />Dear Sean Sullivan: <br />I am writing with regards to the Home2Suites project and the date required for obtaining the <br />Certificate of Occupancy as written in our Right to Re -Entry Agreement. Currently the agreement <br />requires the CO to be obtained on or before January 22, 2025. Although we have made substantial <br />progress with the project and are in the final phase of the development, the project has moved <br />slower than we originally anticipated based on a number of factors. Due to that, I do not believe we <br />are going to meet that deadline. Generally, some of the factors that caused the change in schedule <br />were delay in product delivery due to supply chain issues such as with our windows, changes in <br />project management oversight, changes in the scope of the construction plans for the project due to <br />requirements and requests with our franchise partner, as well as changes required by the State of <br />Minnesota to best align with state requirements. <br />I am requesting for the City Council to approve an amendment to the Right of Re -Entry Agreement to <br />give our team more time to finish up the project. I would like to request for this extension to be <br />amended to obtaining the Certificate of Occupancy by June 30, 2025. This will allow us an ample <br />window beyond our current projected schedule to finish the remainder of the development. <br />Thank you for your consideration. <br />Sincerely, <br />Emily Allegro <br />Ramsey Properties, LLC <br />