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CITY OF RAMSEY <br /> 2001-2005 <br /> <br />CAPITAL IMPROVEMENT PROGRAM <br /> <br />PROJECT TITLE: Savannah Meadows 9-Hole Golf Course <br />PROJECT TYPE: Park Improvement <br />PROJECT YEAR: 20'05 <br />TOTAL ESTIMATED COST: $2,700,000 <br /> <br />PROJECT DESCRIPTION AND LOCATION <br /> <br />This project would convert untaxabte land south of the Landfill into a revenue-generating <br />municipal 9-hole gotf course. <br /> <br />PRO,IECT <br />Start Date <br /> <br />[PROJ~;CT JUSTIFICATION/ <br /> <br />The proposed golf course would have several benefits including: perserving existing mature oaks, as well aa <br />wetlands, converting non-taxable land to a punic use, an economic development benefit fo the <br />adjacent commercial/industrial areas, and add additional recreat/ona] opportunity for residents. <br /> <br />Summary of Total Project Coats: <br /> <br />A. Approximate total cost <br />B. Cost already incurred $ <br />C. Balance ofcost to complete $ <br /> <br /> Detail of Total Cost Estimates <br /> I. Land Acquisition <br /> a. Site already acquired <br /> b. Site to be acquired 25 <br /> c. Area required (acres) <br /> d. Total estimated cost <br /> <br /> 2. Building Cost/Construction <br /> <br /> 3. Improvements Other than Buildings Cost <br /> <br /> 4. Fumishin gs/Equipmen[. <br /> <br />Total Project Costs <br /> <br />Source of Funding: <br /> <br /> I. General Fund <br /> <br /> 2. Park Trust Fund (Trail Fees) <br /> <br /> 3. Landfill Trust Fund <br /> <br /> 4. MSA <br /> <br /> 5. Lawful Gambling Fund <br /> <br /> 6. Tax Increment Fund (Pooling)(4) <br /> <br /> 7. Public Improvement Revolving Fund <br /> <br /> 8. Utilities <br /> <br /> 9. Other <br /> a. Issuance of debt <br /> b. Sealcoating escrow <br /> c. Grants and aids <br /> d. [oter-Fund loans <br /> e. Development fees <br /> £. <br /> Total other <br /> <br />2,700,000 <br /> <br />2,700,000 <br /> <br />2.300,000 <br /> <br />$ 2,700,000 <br /> <br />$ 2,700,000 <br /> <br />$ 400,000 <br /> <br />$ 2,200,000 <br /> <br />Pronosed Expenditures by Years <br />Prior 2000 <br /> 2000 $ <br /> 2001 <br /> 2002 $ <br /> <br /> 2003 <br /> 2004 <br /> 2005 <br />TOTAL <br /> <br />2,700,000 <br /> <br />2,700,000 <br /> <br />Total Sources of Funds $ 2,700,000 <br /> <br /> <br />