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Capital Improvement Program 2011 tliril 2015 <br />City of Ramsey, Minnesota Department Municipal Buildings <br />Contact <br />Project # 11- BLDG -001 Type Buildings <br />Useful Life 25 <br />Project Name Municipal Parking Ram Extension <br />1� b 1� Category Municipal Building <br />Priority 6- Planned <br />Status Active <br />Desciiption Total Project Cost: $4,500,000 <br />This project will expand the capacity of the municipal parking lot from a capacity of 590 to 790 vehicles. <br />Justification <br />The city has received a grant that will fund 80% of the cost of the expansion. Additional capacity will be required to meet the demand for parking <br />generated by the rail station and COR development. <br />Expenditures 2011 2012 2013 2014 2015 Total <br />Building Cost /Construction 4,500,000 4,500,000 <br />Total 4,500,000 4,500,000 <br />Funding Sources 2011 <br />Grants and Aids 3,600,000 <br />Tax Increment Fund #1 900,000 <br />Total 4,500,000 <br />2012 2013 2014 2015 Total <br />3,600,000 <br />900,000 <br />4,500,000 <br />Revised 12 2010 <br />Page 94 <br />