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Capital Improvement Nogiam 2011 rhru 2015 <br />City of Ramsey, Minnesota Department Site Acquisitions <br />Contact <br />Project # 06 -ACQ -002 Type Land <br />Useful Life Unassigned <br />Project Name Acquire outlots "A" in Rivers Bluff and Reilly Est <br />q Y Category Site Acquisition <br />Priority 5 Future Consideration <br />Status Future Consideration <br />Description Total Project Cost: $20,000 <br />Along the Rum River in the central part of the city are separate outlots owned by two homeowners associations. Both are very attractive, wooded <br />parcels and connected to existing trail corridors. This project may entail the donation of the land in exchange for passive improvements such as <br />trails, picnic areas or fishing. <br />Justification <br />The associations would benefit by realizing these amenities near their homes. The $20 expense represents an estimate for real- estate <br />transaction costs. and DerhaDs Dark Dlannine to Dromote the donation. The Dark plans would eenerate the development cost Droiections. <br />Expenditures 2011 2012 2013 2014 <br />Land Acquisition <br />Total <br />2015 <br />T <br />20,000 <br />20,000 <br />20,000 <br />20,000 <br />Funding Sources 2011 2012 2013 2014 2015 Total <br />Park Improvement Trust Fund 20,000 20,000 <br />Total 20,000 20,000 <br />Revised 1212010 <br />Page 180 <br />