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Capital Improvement Program <br />City of P,.amsey, Minnesota <br /> <br />2006 thru 2010 <br /> <br />Contac! Unassigned <br />Department Site Acquisitions <br /> <br />Project # <br /> <br />Project Name <br /> <br />04-ACQ-005 <br /> <br />Site Acquisition: South Highway 10 Frontage Road <br /> <br /> Type. Land <br /> <br />Useful Life Unassigned <br /> <br /> Category Site Acquisition <br /> <br /> Priority Wa <br /> <br />i,Description ) Total Project Cost $304,820 <br /> <br />Approximately six acres of land ro be purchased for industrial development purposes. <br />Area required (acres) = 6.0 <br />To.re.1 project costs including Land, Street, Sewer, Water and Storm Sewer = $723,280 <br /> <br />oLJUS.t,ificati°n <br /> and acquisition required to implement South Highway 10 Frontage Road system and to replat property to encourage <br /> ptimal development. <br /> <br />Expenditures 2006 2007 2008 2009 2010 Total <br />Land Acquisition 304,820 304,820 <br /> Total 304,820 304,820 <br /> <br />Funding Sources 2006 2007 2008 2009 2010 Total <br /> <br />Tax increment Fund f/-4 304,820 304,820 <br /> <br />Tom] 304,820 304,820 <br /> <br /> Re~,ixed 10/05 <br /> <br />-99- <br /> <br /> <br />