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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2015 thru 2019 <br />Project # 15 -PARK -01 <br />Project Name Additional Land For Central Park <br />Type Land <br />Useful Life <br />Category Unassigned <br />Description <br />Department Park Improvements <br />Contact <br />Priority 5 Future - High <br />Status Future Consideration <br />Total Project Cost: $250,000 <br />See Project 06 -PARK -008 Parkway for Central Park. <br />This project would incorporate the funding listed under the above project number plus additional funding for up to 20 acres of land currently <br />owned by Kathryn Drexel. <br />Staff is to negotiate with Kathryn Drexel in 2015 regarding purchase price, but at current time, amount is unfunded for additional land. <br />Justification <br />Central Park is a highly used park. Would offer additional space for parking and recreational use. <br />Expenditures <br />2015 2016 2017 2018 2019 Total <br />Land Acquisition <br />250,000 250,000 <br />Funding Sources <br />Total 250,000 250,000 <br />2015 2016 2017 2018 2019 Total <br />Park Improvement Trust Fund 250,000 250,000 <br />Total <br />250,000 250,000 <br />