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Capital Improvement Program <br />Cil7 o£Ramsey, Minnesota <br /> <br />IProject # <br />Project Nnme <br /> <br />06-ACQ-002 <br /> <br />Acquire outlots "A" in Rivers Bluff and Reilly Est <br /> <br />2006 thru 2010 <br /> <br />Coutact <br />Department Site Acquisitions <br />Type Land <br />Useful Life Unassigned <br />Category Site Acquisition <br />Priority n/a <br /> <br />i ~ Total Pr6jeet Cost S20,000 <br /> .Despripti°n I ' <br />Along the Rum ILiver in the central part of the city are separate outlots owned by two homeowners associations. Both <br />are very attractive, wooded parcels and connected to existing trail corridors. This project may entail the donation of the <br />land in exC..h.ange for passive improvements such as trails, picnic areas or a fishing pier. <br />JgJUSt!fication 1 ' - <br />The associations would benefit by realizing these amenities near their homes. The $20,000 expense represents an <br />estimate for real-estate transaction costs, and perhaps park planning to promote the donation. The park plans would <br />erie_rate the development cost projections <br /> <br />Expenditures 2006 2007 2008 2009 2010 Total <br /> <br />· Land Acquisition 20,000 2Q,000 <br /> <br />Total <br /> <br />20,000 20,000 <br /> <br />Funding Sources 2006 2007 2008 2009 2010 Total <br /> <br />Park improvement Trust Fund 20,000 20,000 <br /> <br />Total <br /> <br />20,000 20,000 <br /> <br /> Revised ] 0/0.5 <br /> <br />-104- <br /> <br /> <br />