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Capital Improvement Program <br />City ofRamsey, Minnesota <br /> <br />2006 thru 2010 <br /> <br />Project # 05-ACQ-003 <br />Project Name Parks Acquisition <br /> <br />IDescription J <br /> Property is located in T/_F District #2. <br /> 32-25-44-0003) <br /> <br />Contact Unassigned <br />Department Site Acquisitions <br />Type Land <br />Useful Life Unassigned <br />Category Site Acquisition <br /> <br /> Priority n/a <br />Total Project Cost 5;170,01)0 <br /> <br />The acquisition is part of a significant redevelopment effort in T~ #2. (p~T #' 271 <br /> <br />ITJustificati°n I <br /> his property lies within TIF District #2 and has been identified as in need of replacement. <br /> <br /> Expenditures 2006 2007 2008 2009 2010 Total <br /> Land Acquisition 170,000 170,000 <br /> Total ~7o,0o0 17o,0oo <br /> <br />Funding Sources 2006 2007 2008 2009 2010 Total. <br /> <br />Tax Increment Fund #2 170,000 170,000 <br /> <br />Total 170,000 170,000 <br /> <br />Re~,ised .! 0/05 <br /> <br /> 98' <br /> <br /> <br />