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February 2025 <br />Dear Jason Stopa, <br />It was great to speak with you last week about your vision to develop a new sports complex in City of Lake Elmo, <br />MN. Based on our conversation, we understand that the desire is to more fully understand the market opportunity, <br />project feasibility, and overall financial viability for the development. This is directly in-line with our core competency as an organization and we’re confident we can serve your needs. <br />This proposal is for the Sports Facilities Companies (“SFC”) to provide you with detailed market research, opinion <br />of cost, pro forma, economic impact analysis, and an executive summary. The steps outlined reflect the proven <br />process that we have used to serve over 3,000 communities representing over $15 billion in planned assets over the <br />past 20+ years. While the steps within this proposal are our standard process, the work we do within this scope <br />are highly customized to your vision, market, and desired outcomes. <br />Once you review the proposed scope of work, please do not hesitate to contact me with any questions you <br />have. We have assisted a wide range of projects from early strategy and planning, through funding, opening, <br />and on to successful operation. We are confident this process will help provide you with the data necessary to <br />determine the best path forward! <br />I look forward to discussing the approach with you in the upcoming days. <br />Sincerely, <br />J.D. Wood <br />Regional VP of Strategic Development <br />Sports Facilities Companies <br />979.229.3724 | jdwood@sportsfacilities.com