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Capital Improvement Program <br />City of Ramsey, Minnesota. <br /> <br />2006 thru 2010 <br /> <br />IProject # <br />Project Name <br /> <br />04-ACQ-082 <br /> <br />Site Acquisition: B&A Cylinder <br /> <br />Contact Unassigned <br />Department Site Acquisitions <br />Type Land <br />Useful Life Unassigned <br />Category Site Acquisition <br />Priority <br /> <br />Total Project Cost $1,120,080 <br /> <br />Description J <br />Approximately 4.5 acres of land to be purchased for industrial development purposes. The parcel is located in the <br />northeast corner of the intersection of Ramsey Boulevard and Burlin~on Northern Railroad ROW. <br />Area required (acres) = 4.5 <br /> <br />PIN#27-32-25-33-0006 <br /> <br /> Justification ] <br />[Land acquisition required to promote quali~ redevelopment adjacent to Town Center area and existing industrial 'par~s.] <br /> <br />Expenditures 2006 2007 2008 2009 2010 · Total <br />Land Acquisition 1,120,000 1,12t>,000 <br /> Total 1,120,000 1,120,000 <br /> <br />Funding Sources 2006 2007 2008 2009 2010 Total <br /> <br />Tax Increment Funrl #t 1,'120,000 1,120,000 <br /> <br />Total 1,120,000 1,120,000 <br /> <br /> Revised ] 0/05 <br /> <br />-88- <br /> <br /> <br />