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4.1. EDSR 02-23-2016
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4.1. EDSR 02-23-2016
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ExhibhA—Corporabon/PartneohipDescription <br /> Cornerstone Elk RiverLLC a Minnesota Limited Liability Company <br /> Exhibit B—Description of Project <br /> Three separate areas of our current facility will be added onto. First,a new Chrysler showroom <br /> of 4,799 square foot will be added and 672 square feet of office will be remodeled to enlarge are <br /> existing showroom, which will now be exclusively Ford's. Our Ford and Chrysler franchises prefer to <br /> have separate showrooms,which we currently do not have. With the larger showrooms our sales staff <br /> will be able to be increased. In addition,3,337 square feet of office area will be added,which will house <br /> sales managers,public bathrooms, employee break room and our new internet sales department.This <br /> new office space will also make room in our existing facility for additional business office staff. <br /> Second,we are enlarging our Part's Department by 1,705 square feet to meet the increased <br /> demand for these products in a growing territory. Parts staff will be added. This area of our expansion <br /> will also include 2,576 square feet of new space for heavy truck repair and allow us to increase our <br /> commercial sales and service,which is rapidly growing. This space also includes a new locker room that <br /> will enable us to increase our number of vehicle mechanics. <br /> Lastly, 11,444 square feet of our expansion will be a new Oil Express area and an enlarged <br /> service lane. The Oil Express area will free up hoists in our existing shop, which will allow us to hire <br /> additional regular mechanics to keep up to increase demand for this service. The enlarged service lane, <br /> besides allowing for in-door delivery of vehicle, will allow us the space to increase our staff of service <br /> writers. <br /> AU'to'gother,our expansion is 23.861 square feet. It also includes a face lift for the rest of our <br /> aging facility. <br /> Exhibit C—List of Shareholders/Partners <br /> Mr.Scott Powell is the sole owner of Cornerstone Elk River, LLC, Elk River Ford, Inc., <br /> and parcial owner of Elk River Chrysler, Inc. along with his children <br /> Exhibit D—But-For Analysis <br /> Exhibit E—List of Prospective Lessees <br /> Elk River Ford, Inc. <br /> Elk River Chrysler, Inc. <br /> Exhibit F—Legal Description and PID Number(s) <br />
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