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Capital Improvement Program 2016 thru 2020 <br /> City of Ramsey, Minnesota <br /> Project# 06_ACQ_002 <br /> Project Name Acquire outlots "A" in Rivers Bluff and Reilly Est <br /> Type Land Department Site Acquisitions <br /> Useful Life Unassigned Contact <br /> Category Park Improvement Priority 5-Opportunity/Unfunded/Pla <br /> Status Active <br /> Description 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 2016 2017 2018 2019 2020 Total <br /> Park Improvement Trust Fund 20,000 20,000 <br /> Total 20,000 20,000 <br /> 105 <br />