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Capital Improvement Program <br />City of Ramsey, Minnesota <br />Project # 08 -ACQ -004 <br />Project Name MPCA Land Purchase <br />Description <br />Justification <br />Revised 11/07 <br />Expenditures <br />Land Acquisition <br />Acquisition of property to industrial development purposes. <br />Area required (acres) = 64.95 <br />Tax ID Numbers: 27- 32 -25 -14 -0003 & 27- 32 -25 -11 -0004 <br />Total <br />2008 thru 2012 <br />Contact <br />Department Site Acquisitions <br />Type Land <br />Useful Life <br />Category Site Acquisition <br />Priority nia <br />Total Project Cost S5,658,444 <br />The MPCA Property is primarily vacant underutilized land. City inventory of industrial land has diminished over time and there is a solid market <br />for industrial development at this time. The total land purchased could be reduced if Public Works does not utilize the northern half of the subject <br />property. <br />2008 2009 2010 2011 2012 Total <br />5,658,444 • 5,658,444 <br />Total 5,658,444 5,658,444 <br />Funding Sources 2008 2009 2010 2011 2012 Total <br />EDA Bonding with Levy 5,658,444 5,658,444 <br />5,658,444 5,658,444 <br />