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Market Analysis: <br />Included with this narrative is a Market Assessment prepared by Viewpoint Consulting Group, Inc., dated <br />November 5, 2025. Viewpoint Consulting has been performing market demand assessments for over 15 years and is <br />widely recognized as the authority on senior housing and assisted living. In summary, the market assessment estimates a <br />market -wide, unmet need of 123 senior housing units by 2025, growing to 199 units by 2030 (assisted living and memory <br />care market rate and elderly waiver units only). <br />Preliminary Cost Budget: <br />Included with this narrative is a preliminary development budget, providing estimated development and <br />construction costs for the proposed project. Based on current costs estimates, the 102-unit senior living building is <br />estimated to cost $20,910,000 for construction plus $10,990,000 in other development costs. Both the assisted and <br />memory care buildings will be Type VA construction. <br />Conclusion: <br />We appreciate your consideration for this TIF request. This greatly needed project will be a tremendous <br />asset to the Ramsey community, providing not only affordable housing for seniors, but quality job opportunities for the <br />citizens of Ramsey. <br />Sincerely, <br />Trident Development,LLC <br />21Di <br />Roger D. Fink, Sr. Vice President <br />Enclosures <br />C: Andy Brummer, Trident Development <br />Page 3 of 3 <br />