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Capital Improvement Program <br />City of Ramsey, Minnesota <br />Project # 06 -ACQ -002 <br />Project Name Acquire outlots "A" in Rivers Bluff and Reilly Est <br />Description <br />Along the Rum River in the central part of the city are separate outlots owned by two homeowners associations. Both are very attractive, wooded <br />parcels and connected to existing trail corridors. This project may entail the donation of the land in exchange for passive improvements such as <br />trails, picnic areas or fishing. <br />Justification <br />The associations would benefit by realizing these amenities near their homes.. The $20,000 expense represents an estimate for real- estate <br />transaction costs, and perhaps park planning to promote the donation. The park plans would generate the development cost projections. <br />Revised 11/07 <br />Expenditures 2008 2009 2010 2011 2012 Total <br />20,000 20,000 <br />Land Acquisition <br />Total <br />Funding Sources 2008 2009 ' 2010 2011 2012 Total <br />Park Improvement Trust Fund 20,000 20,000 <br />20,000 20,000 <br />Total <br />2008 thru 2012 <br />Contact <br />Department Site Acquisitions <br />Type Land <br />Useful Life Unassigned <br />Category Site Acquisition <br />Priority n/a <br />Total Project Cost 520,000 <br />20,000 20,000 <br />