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Capha! Improvemem Program <br />Cid- of Ramsey, Minnesota <br /> <br />2005 zJ~-2., 2009 <br /> <br />I'ro.,e~ = O5-ACQ-O01 <br />Proit:cr Nam~ Brown Properu' Acquisition <br /> <br />Description <br /> <br /> l) ep:l rmten t <br /> <br /> Type <br /> Useful Life <br /> Category <br /> Priority <br /> <br />Total Project Cost <br /> <br />S lie AcqmslttOnS <br />band <br /> <br />S itc Acquisition <br />n/a <br /> <br />$14Os0O0 <br /> <br />[Prope,~y is located nih TIF DisTrict #2. The acquisition is part of a significant redevelopment eft%ri in TIF #2. (PIN' <br /> <br />Justification <br /> <br />This prope,'xy lies within TIF Disu'ic~ ¢2 and has been identified as in need of redevelopment. <br /> <br />Expenditures 2005 2006 200'7 2008 2009 Total <br />Land ~,cquisition 140.000 'i40,000 <br /> Total !40,000 14o,ooo <br /> <br />Funding Sources 2005 2006 200'7 2008 2009 Total <br /> <br />-ax increment Fund,.,--_"'" i40.000 . 140.000 <br /> <br />Total 140,000 140,000 <br /> <br />8O <br /> <br /> <br />