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<br />. Capital Improvement Program <br />City of Ramsey, Minnesota <br /> <br />2010 thru 2014 <br /> <br />Project # <br /> <br />08-ACQ-004 <br /> <br />Project Name MPCA 'Land Purchase <br /> <br />Description I <br />AcquisitiQn of property to industrial development purposes. <br /> <br />.. <br /> <br />Area required (acres) = 64.95 <br /> <br />Department Site Acquisitions <br />Contact <br />Type Land <br />Useful Life <br />Category Site Acquisition <br />Priority nla <br /> <br />Total Project Cost: $5,658,444 <br /> <br />Tax. ill Numbers: 27-32-25-14-0003 & 27-32-25-11-0004 <br /> <br />Justification <br />The MPCA Property is primarily vacant underutilized land.. City inventory of industriallan4 has dimillished over time and there is a solid market <br />for industrial development at this time. The tota1land purchaSed could be reduced if Public Works does not utilize the northern half of the subject <br />ro erty. <br /> <br />Expenditures <br /> <br />Land Acquisition <br /> <br />2010 <br /> <br />20U <br /> <br />2012 <br />5,658,444 <br />5,658,444 <br /> <br />2013 <br /> <br />Total <br /> <br />2014 <br /> <br />Total <br />5,658,444 <br /> <br />5,658,444 <br /> <br />Funding Sources <br />EDA Bonding with Levy <br /> <br />2010 <br /> <br />2012 <br />5,658,444 <br /> <br />5,658,444 <br /> <br />2013 <br /> <br />2011 <br /> <br />Total <br /> <br />2014 <br /> <br />Total <br />5,658,444 <br /> <br />5,658,444 <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Revised 12/09 <br /> <br />200 <br />