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Summary Budget Information for Result 2: LCMR Budget $499,500 <br />Balance $0. <br />Completion Date: It is anticipated that up to 30 acres of land may have conservation and trail <br />easement letters of intent secured by February 1st 2004. <br />Result Status as of <br />Result Status as of <br />Result Status as of <br />Result Status as of <br />Final Report Summary: <br />V. . TOTAL LCMR PROJECT BUDGET: <br />Information to landowners $500 <br />Acquire land $499,500 <br />All Results: Personnel: $ 0 <br />All Results: Equipment: $ 0 <br />All Results: Development: $ 0 <br />All Results: Acquisition: $ 500,000 <br />All Results: Other: $ 0 <br />TOTAL LCMR PROJECT BUDGET: $ 500,000 <br />Explanation of Capital Expenditures Greater Than $3,500: <br />ill. PAST, PRESENT AND FUTURE SPENDING: In addition to the items listed below, the <br />City has a significant investment in the 251 acres of park space already existing in the Trott <br />Brook Corridor. <br />A. Past Spending: <br />2002 Metro Greenways Planning Grant $35,000 <br />2002-03 Master Trail Plan $16,200 <br />Natural resource component of the 2001 Qomp. Plan process $6,000 <br />B. Current Spending: <br />In excess of $40,000 in indirect costs and program manager salary is anticipated to be <br />invested in this project that is not intended to be reimbursible. <br />C. Required Match (if applicable): <br />N/A <br />D. Future Spending: <br />Future expenditures may include LCMR investment in additional land protection <br />($1.5 to 3.5 million) and various partnerships in trail development, including; Mn DNR, City of <br />Ramsey, Anoka County Parks, Metropolitan Council and the City of Elk River - each at levels <br />to be determined. <br />5 <br />3,c <br />