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Capital Improvemen: Program <br />City of Ramsey, Minnesota <br /> <br />2006 thm2010 <br /> <br />Project # 04.-PARI(-007 <br />Project l'qame Lake Itasca CommuniB, Park <br /> <br />Contact Unassigned <br />Department Pork lmprovement~ <br />Type Improvement <br />Useful Life 50 Year~ <br />Categury Park imwovement <br />P~o~ ~a <br />Total Project Cost ~l~O0,O00 <br /> <br /> Description [ <br />This project is intended to expand the existing, undeveloped Lake Itasca Park south to Alpine Drive, east of the lake to <br />the west line of the adjacent subdivision. In addition, athletic fields may be suited south of Alpine Drive, east of Puma <br />Street. <br /> <br /> Justification <br /> <br />It is projected within this document that by -008, properties south of Alpine Drive, both east and west of Puma Street <br />may be proposed for development. It is this development that would provide the necessary park dedication funds for <br />the first phase of construction. <br /> <br /> Expenditures 2006 2007 2008 2009 2010 Total <br /> Improvements Other titan Bull 400,000 40O,0O0 400,000 1,200,000 <br /> <br />Funding Sources 2006 2007 2008 2009 2010 Total <br />Para improvement Trust Fund ~.O0.O00 400,000 400,000 1.200,000 <br /> Total 400,ilO0 400,000 40U,O00 12.00,000 <br /> <br />10 Rel,tzed I0/0.5 <br /> <br /> <br />