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12/10/2008 9:21:49 AM
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<br />Capital Impro~ementProgram <br />City of Ramsey, Minnesota <br /> <br />200~ thru 2013 <br /> <br />Contact <br />Department Site Acquisitions <br /> <br />Project # 06-ACQ-002 <br />Project Name Acquire outlots "A" in River~ Bluff and Reilly Est <br /> <br />Type Land <br />Useful Life Unassigned <br />Ca tegory Site Acquisition <br />Pl"iority nla <br /> <br />Description I Total Project ost $20,000 <br />Along the Rum River in the central part.ofthe city are separate outlots owned by two homeownersassociations. Both are very attractive, wooded <br />parcels and connected to existing trail corridors. This project may entail the donation ofthe land in exchange for passive improvements such as <br />trails, picnic areas or fishing. <br />Justification I <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 /> <br />C <br /> <br />Expenditures <br /> <br />Land Acquisition <br /> <br />2009 <br /> <br />2010 <br /> <br />2011 <br /> <br />2012 <br /> <br />2013 <br />20,000 <br /> <br />20,000 <br /> <br />Total <br />20,000 <br /> <br />2'(),OOO <br /> <br />Total <br /> <br />( <br /> <br />Funding Sources <br />Park Improvement Trust Fund <br />Total <br /> <br />2009 <br /> <br />20io <br /> <br />2011 <br /> <br />2012 <br /> <br />.2013 <br />20,000 <br />20,000 <br /> <br />Total <br />20,000 <br /> <br />. 20,000 <br /> <br />Rev;s!~~/08 <br />
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