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Capital Improvement Program 2016 thrtt 2020 <br />City of Ramsey, Minnesota <br />Project # <br />15-PARK-01 <br />Project Name Additional Land For Central Park <br />Type Land Department Park Improvements <br />Useful Life Contact <br />Category Unassigned Priority 5 Future -High <br />Description <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 2016 2017 2018 • 2019 2020 Total <br />Land Acquisition 250,000 250,000 <br />Total 250,000 250,000 <br />Funding Sources 2016 2017 • 2018 2019 2020 Total <br />Park Improvement Trust Fund 250,000 250,000 <br />- Total 250,000 250,000 <br />