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Capital Improvement Program 2014 thru 2018 <br />City of Ramsey, Minnesota <br />Project # 06-ACQ-001 <br />Project Name Sixth Community Park (north central Ramsey) <br />Description <br />Department Site Acquisitions <br />Contact <br />Type Land <br />Useful Life Unassigned <br />Category Site Acquisition <br />Priority 6-Planned <br />Status Active <br />Total Project Cost: $1,000,000 <br />The park location has not been determined, but may be expected to be sited north of Trott Brook and generally geographically central. <br />The park should have a minimum of 60 acres of usable land. <br />The Park Trust Fund does not have enough funding at the current time. <br />Justification <br />Given the projected build -out of Ramsey, it is anticipated that a sixth Community Park will be required to meet the needs of the existing and future <br />residents. <br />A joint powers agreement for funding and 0 & M may be explored with Burns Township. <br />Expenditures 2014 2015 2016 2017 2018 Total <br />Land Acquisition 1,000,000 1,000,000 <br />Total 1,000,000 1,000,000 <br />Funding Sources 2014 2015 2016 2017 2018 Total <br />City of Nowthen 0 0 <br />Park Improvement Trust Fund 1,000,000 1,000,000 <br />Total 1,000,000 1,000,000 <br />Revised 10/2012 <br />