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Capital Improvement Program 2011 tliril 2015 <br />City Of Ramsey, NfinneSOta Department Park Improvements <br />Contact <br />Project # 07- PARK -001 <br />Project Name Village Square Commons <br />Type Improvement <br />Useful Life 20 Years <br />Category Park Improvement <br />Priority 5 Future Consideration <br />Status Future Consideration <br />Desciiption Total Project Cost: $3,000,000 <br />Development of the 2 -acre Village Square Commons in the COR <br />Justification <br />This urban park -space may be the most prominent park space within the COR - due to its visibility along Sunwood Drive, and its relationship to <br />the Municipal Center and transit hub. <br />Expenditures 2011 2012 2013 2014 2015 Total <br />Improvements Other than Build 3,000,000 3,000,000 <br />Total 3,000,000 3,000,000 <br />Funding Sources 2011 2012 2013 2014 2015 Total <br />GO Bonding 2,700,000 2,700,000 <br />Grants and Aids 300,000 300,000 <br />Total <br />3,000,000 3,000,000 <br />Revised 12 2010 <br />Page 136 <br />