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Project NarrativeRiver Valley Industrial Center - Project Narrative August 3, 2021 The proposed project, River Valley Industrial Center will be a Class A multi-tenant industrial facility. It is our intent to design the facility so that it is divisible down to 7,500sf with each tenant having their own recessed entry along with dock and drive in access to their warehouse. This small bay market has been ignored by developers in the Twin Cities for years. We believe this building could create a base of smaller users that will hopefully grow in the Chanhassen and Chaska communities in the years to come. We are a family based, local real estate company (our offices are in Chaska) with 1.5 million square feet of mostly industrial property. It is our intent to remain in the community and be long term holders of this proposed building. Plans for the building and site work are being submitted by our architectural and civil engineering consultants. The proposed access for automobile traffic will be off of Audubon Road and truck traffic from Stoughton Avenue. The planned curb cut location off of Audubon is important for ease of access into the development area and the success of the project. The previously submitted traffic report supports the location of the proposed access point and shows the locations of new pavement markings on Audubon Road to provide adequate traffic control and turn lanes for the project entrance. Since there is no available public sanitary sewer and watermain service for the development, there will be a private onsite septic system and new water well constructed to support the project. The location of the proposed septic and well facilities are shown on the Utility Plan. The new well will be used for domestic water needs within the proposed building. The existing onsite well and storage tank will be used for supplying water to the building’s fire suppression system and the fire hydrants being proposed on the property. We look forward to a successful development in your community and would invite you to contact me or any of our development team for questions about this project. Thank you! Joel Buttenhoff Cornerstone Investors LLC 102 Jonathan Blvd. N #200 Chaska MN 55318