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Capital Improvement Program <br />City of Rarnsey, Minnesota <br /> <br />2006 thr~ 2010 <br /> <br />Project # 05~ACQ-002 <br />Project Name Perldns Acquisition <br /> <br />Conrac! Unassigned <br />Department Site Acquisitions <br />Type Land <br />Useful Life Unassigned <br />Category Site Acquisition <br />Priority n/a <br /> <br />Total Project Cost $315,1)00 <br /> <br /> Description <br /> <br />IProperty is located in TIF District <br /> <br />The acquisition is part of a significant redevelopment effort in TI'F #2. (PIN #27-1 <br /> <br />IJustification ] . <br /> <br />This property lies within TIF District #2 and has been identified as in need of redevelopment. <br /> <br />Expenditures 2006 2007 2008 2009 2010 Total <br />Land Acquisition 315,000 315,000 <br /> Total 315,000 315,000 <br /> <br />Funding Sources 2006 2007 2008 2009 2010 Total <br /> <br />Tax Increment Fund #2 315,000 315,000 <br /> <br />Total 315,000 315,(100 <br /> <br />10/05 <br /> <br /> <br />