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Capital Improvement Program 2015 iht, 2019 <br />City of Ramsey, Minnesota <br />Project # 06 -PARK -017 <br />Project Name Redevelopment of Hunters Hill <br />Description <br />Department Park Improvements <br />Contact <br />Type Improvement <br />Useful Life 20 Years <br />Category Park Improvement <br />Priority 6 -Planned <br />Status Active <br />Total Project Cost: 5500,000 <br />Concurrent with any redevelopment of the subdivisions around the existing Hunters Hill Park would be an opportunity to bring improvements to <br />the underutilized Hunters Hill Park. The funding would be from any new units shared. Open space connections within a redeveloped area may <br />also be considered. <br />PARK TRUST FUNDING FOR THE PROJECT SHOWS A NEGATIVE ENDING BALANCE AS OF 2016. PROJECT UNFUNDED. <br />Justification <br />Should redevelopment occur in this area; it is likely densities will greatly increase. This, coupled with the commercial and light industrial uses in <br />the area will create the need for a lunch break destination - as well the residential recreational demand. <br />Expenditures <br />2015 <br />2016 <br />2017 <br />2018 <br />2019 Total <br />Improvements Other than <br />Building Cost <br />500,000 500,000 <br />Total <br />500,000 500,000 <br />Funding Sources 2015 2016 2017 2018 2019 Total <br />Park Improvement Trust Fund <br />500,000 500,000 <br />Total <br />500,000 500,000 <br />Revised 10/2012 <br />