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CITY OF RAMSEY <br /> 2000-2004 <br /> <br />CAPITAL IMPROVEMENT PROGRAM <br /> <br />PROJECT TITLE: Central Park Expansion <br />PROJECT TYPE: Park Improvement <br />PROJECT YEAR: 2000-2009 <br />:TOTAL ESTIMATED COST: $277,900 <br /> <br />PROJECT DESCRIPTION AND LOCATION <br /> <br />This item represents the land payment for the 35 acres east of the existing 45-acre Central <br />Park. The land payments would be made over a ten-year period, including interest. <br />The purchase agreement will be structured so that the park can continue to be developed while the park <br />land is being paid for. <br /> <br />PROJECT <br />Start Date <br /> <br />PROJECT JUSTIFICATION <br /> <br />The addition of an additional 35 acres will allow for the further expansion of Central Park. Spreading the <br />land payments over a ten-year time frame will allow for continued park development in not only Central Park, <br />but the rest of the park system as well. <br /> <br />Summary of Total Project Costs: <br /> <br />A. Approximate total cost <br />B. Cost already incurred <br />C, Balance of cost to complete <br /> <br /> Detail of Total Cost Estimates <br /> 1. Land Acquisition <br /> a. Site already acquired <br /> b. Site to be acquired <br /> c. Area required (acres) <br /> d. Total estimated cost <br /> <br />2. Building Cost/Construction <br /> <br />3. Improvements Other than Buildings Cost <br /> <br />4. Fumishings2F_xtuipment <br /> <br />Total Project Costs <br /> <br />Source of Funding: <br /> <br />1. General Fund <br /> <br />2. Park Trust Fund <br /> <br />3. Landfill Trust Fund <br /> <br />4. MSA <br /> <br />5. Lawful Gambling Fund <br /> <br />6. Tax Increment Fund <br /> <br />7. Public Improvement Revolving Fund <br />8. Utilities <br />9. Other <br /> a. Issuance of debt <br /> b. Sealcoating escrow <br /> c. Grants and aids <br /> d. Inter-Fund loans <br /> e. Development fees <br /> fi <br /> Total other <br /> <br />Total Sources of Funds <br /> <br />$ 277,900 <br /> <br />$ 277,900 <br /> <br />277,900 <br /> 35 <br /> <br />$ 277,900 <br /> <br />$ 277,900 <br /> <br />$ 200,900 <br /> <br />77,000 <br /> <br />$ <br /> <br />$ 277,900 <br /> <br />Proposo~lExnenditures by Yea~ <br />Prior ~999- $ 2002 <br />1999 $ 2003 <br /> 2000 $ 32,000 2004 <br /> 2001 $ 31,000 TOTAL <br /> <br />29,000! <br />28,000[ <br />26,000I <br />277,9001 <br /> <br /> <br />