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Part 6 - See attached Site plan and building renderings <br />• Tax ID 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. Even 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 />