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<br />Capital Improvement Program <br />City of Ramsey, Minnesota <br /> <br />2009 thru 2013 <br /> <br />Project # 08-ACQ-004 <br />Project Name MPCA Land Purchase <br /> <br />Description I <br />Acquisition of property to industrial development purposes. <br /> <br />Area required (acres) = 64.95 <br /> <br />Conta~t <br />Department Site Acquisitions <br /> <br />Type Land <br />. Useful Life <br /> <br />Category SiteAcquisition <br />Priority n/a <br /> <br />.Total Project Cost $5,658,444 <br /> <br />Tax 1D Numbers: 27-32-25-14-0003 & 27-32-25-] 1~0004 <br /> <br />Justification I <br /> <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 /> <br />2011 <br /> <br />2013 <br /> <br />Total <br />5,658,444 <br /> <br />5,658,444 <br /> <br />Expenditures 2009 <br />Land Acquisition <br /> <br />2010 <br /> <br />2012 <br />5,658,444 <br /> <br />5,658,444 <br /> <br />Total <br /> <br />Funding Sources 2009 <br />EDA Bonding with Levy <br /> <br />2010 <br /> <br />2011 <br /> <br />2012 <br />5,658,444 <br />5,658,444 <br /> <br />Total <br /> <br />2013 <br /> <br />Total <br />5,658,444 <br /> <br />5,658,444 <br /> <br />RevislBJB-08 <br />