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Capital Improvement Program <br />CiV oft~msey, Minnesota <br /> <br />2006 thru 2010 <br /> <br />Project # 06-P.~RK-005 <br />project,Name Communi~ Building for Elmcrest Park <br /> <br />Type Buildings <br />Useful Life 50 yearn <br />Catego~ P~rk Improvement <br /> <br /> Description <br /> <br />Elmcrest Park multi-use <br /> <br />Total Project Cost ~500,000 <br /> <br />building. Proposedjoint project with the Rarnsey Lions. <br /> <br />Justification I <br /> <br />Elmcrest Park will need a multi-usc building, presumable with storage for the athletic ~oups using thc faciliry. <br /> <br />Thc project is estimated at $500,000. $250,00 is intended to represent the city's share of a proposed joint project with <br />the Ramsey Lions. Careful design consideration will, be required to ensure that the building will meet all of the <br />community, needs. Some design monies ma.v be recmired in this process, prior to biddin,m <br /> <br />Expenditures 2006 2007 20118 2009 2010 Total <br />Buitcling Cos*dConstru~ion 500.000 500 000 <br /> · Total 500,000 <br /> <br />Funding Sources 2006 2007 2008 2009 2010 Total <br />parr Improvement Tn~$~ Punc~ 250.000 250,000 <br />Ramsey Lions Club 250.000 250.000 <br /> Tom] 500,000 50o,oo0 <br /> <br /> Rel,l.~ed / 0/05 <br />26 <br /> <br /> <br />