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Capital Improvement Program <br />City of Ramsey, Minnesota <br />Project # <br />06-ACQ-002 <br />2016 thrt! 2020 <br />Project Name Acquire outlots "A" in Rivers Bluff and Reilly Est <br />Type Land <br />Useful Life Unassigned <br />Department Site Acquisitions <br />Contact <br />Category Park Improvement Priority 5-Opportunity (Unfunded) <br />Description <br />Status Active <br />Total Project Cost: $20,000 <br />Along the Rum River in the central part of the city are separate outlots owned by two homeowners associations. Both are very attractive, wooded <br />parcels and connected to existing trail corridors. This project may entail the donation of the land in exchange for passive improvements such as <br />trails, picnic areas or fishing. <br />Justification <br />The associations would benefit by realizing these amenities near their homes. The $20,000 expense represents an estimate for real-estate <br />transaction costs, and perhaps park planning to promote the donation. The park plans would generate the development cost projections. <br />Expenditures 2016 2017 2018 2019 2020 Total <br />Land Acquisition 20,000 20,000 <br />Total 20,000 20,000 <br />Funding Sources <br />Park Improvement Trust Fund <br />Total <br />2016 2017 2018 2019 2020 Total <br />20,000 20,000 <br />20,000 20,000 <br />113 <br />