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Finally, Mr. Fink highlighted that the independent living building would include several amenities <br />for residents, such as community gathering spaces, a golf simulator, lounge areas, and a rooftop <br />patio with seating, grilling areas, and a fireplace. These amenities are intended to enhance the <br />living experience and provide a high-quality senior living environment. <br /> <br />Mr. Fink described additional amenity features that could be included in the proposed independent <br />living building. He referenced examples from other Trident developments to illustrate the types of <br />shared spaces planned for residents. <br /> <br />Mr. Fink explained that one example is a rooftop patio like those built at Somerville Flats and at <br />another project in Chaska. The rooftop space connects directly to an indoor recreation area, <br />allowing residents and guests to move easily between indoor and outdoor gathering spaces. This <br />design supports social events and community activities for residents. <br /> <br />Mr. Fink also highlighted a unique amenity used in another development called a “speakeasy <br />lounge,” located at the Avalon property in Inver Grove Heights. He described it as a themed <br />resident gathering space resembling a speakeasy-style lounge where residents can socialize and <br />relax. Although alcohol is not sold in the space, it functions as a comfortable community room for <br />resident activities and gatherings. <br /> <br />Mr. Fink further noted that many of their properties include a golf simulator room, which has <br />become a popular amenity among residents. The simulator can be used for multiple activities, <br />including golf, bowling, baseball, and other virtual sports. He indicated that a similar amenity <br />would likely be included in the independent living building proposed for Ramsey. <br /> <br />Economic Development Manager Sullivan paused the presentation and invited the City Council to <br />ask questions related to the proposed development. He noted that this would be a good point for <br />Councilmembers to ask questions specifically about the project and the facility. <br /> <br />Economic Development Manager Sullivan also explained that he would later provide additional <br />information on the proposal's financial aspects, including details on the tax increment financing <br />(TIF) request. He asked the council whether they preferred to ask questions at that moment or to <br />wait until the full presentation was complete before discussing both the project and the financial <br />components. <br /> <br />Mayor Heineman preferred to finish the presentation first, then allow time for questions. <br /> <br />Economic Development Manager Sullivan summarized key points of the proposal and highlighted <br />how the project would differ from the earlier proposal reviewed by the City Council. He explained <br />that the project is a hybrid development that includes independent living, assisted living, and <br />memory care components. <br /> <br />Economic Development Manager Sullivan clarified that while the site is located within the <br />boundaries of TIF District 14, the project itself would not use that district. Instead, a new TIF <br />district would need to be created to provide the requested tax increment financing. <br /> <br />City Council Work Session / March 10, 2026 <br />Page 4 of 21 <br />