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Capital Improvement Program <br />City of Ramsey, Minnesota <br /> <br />2006 thru 2010 <br /> <br /> Contflet <br /> <br />Department Site Acquisitions <br /> <br />IProject # <br />Project Name <br /> <br />06-ACQ-001 <br /> <br />Sixth CommuniU, Park (north central Ramsey) <br /> <br />Type Land <br />Useful Life Unassigned <br />Category Site Acquisition <br /> <br /> Priority <br /> <br />iiDescription j Total Project Cost Sl,OOO,OOO <br /> <br /> he park location has not been determined, but may be expected to be sited north of Trott Brook and generally <br /> eographically central. <br /> be park should have a minimum of 60 acres of usable land. <br /> <br /> Justification <br />Given the projected build-out of Ramsey, it is anticipated that a sixth Community Park will be required to meet the <br />needs of the existing and future residents. <br /> <br />A ,joint powers agreement for funding a. nd O &. M m.ay. be explored with Burns Township. <br /> <br />Expenditures 2006~ 2007 2008 2009 2010 To4al <br /> <br />Land Acquisition 1,000,000 1,000,000 <br /> <br />Total 1,ooo,ooo 1,ooo,ooo <br /> <br />Funding Sources 2006 2007 2008 2009 2010 Total <br /> <br />GO Bonding 1,000,000 1 000 000 <br /> <br />Total 1,000,000 1,000,000 <br /> <br /> Reviaed ! 0/05 <br /> <br />-102- <br /> <br /> <br />