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Capital Improvement Program 2012 thru 2016 <br />City of Ramsey, Minnesota <br />Project # 12-ACQ-001 <br />Project Name 167th Avenue Commercial Property <br />Description <br />Department Site Acquisitions <br />Contact <br />Type Land <br />Useful Life <br />Category Site Acquisition <br />Priority 6-Planned <br />Status Active <br />Total Project Cost: $500,000 <br />Purchase of land and demolition of vacant grocery store, and the purchase of the vacant bank building. <br />Justification <br />Clean up area of corner of 167th Avenue & Hwy 47 to make it site ready for redevelopment activities. <br />Expenditures 2012 2013 2014 2015 2016 Total <br />Land Acquisition 425,000 425,000 <br />Improvements Other than Build 75,000 75,000 <br />Total 500,000 500,000 <br />Funding Sources 2012 2013 2014 2015 2016 Total <br />EDA 500,000 500,000 <br />Total 500,000 500,000 <br />Revised 10/2011 <br />PAGE 213 <br />