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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2015 thru 2019 <br />Project # 07 -PARK -001 <br />Project Name Municipal Plaza <br />Type Improvement <br />Useful Life 20 Years <br />Category Park Improvement <br />Description <br />Department Park Improvements <br />Contact <br />Priority 4 Future - Moderate <br />Status Future Consideration <br />Total Project Cost: $3,000,000 <br />Development of the 2 -acre Village Square Commons in The COR <br />Justification <br />This urban park -space may be the most prominent park space within The COR - due to its visibility along Sunwood Drive, and its relationship to <br />the Municipal Center and transit hub. <br />Expenditures <br />2015 2016 2017 2018 2019 Total <br />Improvements Other than <br />Building Cost <br />3,000,000 3,000,000 <br />Total <br />Funding Sources <br />3,000,000 3,000,000 <br />2015 2016 2017 2018 2019 Total <br />GO Bonding (Road Funding) 2,700,000 2,700,000 <br />Grants and Aids 300,000 300,000 <br />Total <br />3,000,000 3,000,000 <br />