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CITY OF RAMSEY <br />2024-2033 <br />CAPITAL IMPROVEMENT PROGRAM <br />PROJECT TITLE: Park.Building(s) Stabilization - <br />PROJECT TYPE: Nevv Addition 4 <br />PROJECT YEAR: 2024 <br />TOTAL ESTIMATED COST: $959000 <br />PROJECT DESCRIPTION AND LOCATION <br />This proj ect would consist. of minor repairs to the farm house to bring it into housing code <br />�ompliarice,--and stablilize and secure the historic barns at the site of the city's sixth community park. <br />PROJECT <br />Start Date <br />2024 <br />PROJECT JUSTIFICATION <br />The City of Ramsey had projected the need for a future Community Park #6 in this area, north of Trott Brook for decades, and more <br />recently as part of the 2040 Comprehensive Plan - and the park was dedicated as part of a 2022 residential plat. A Community Park is <br />generally defined as a large park space with a variety of attractions, often with unique aspects and a park that serves multiple <br />neighborhoods and that is also a destination. Also over the same decades) of envisioning the need. for a 6th community park to <br />support more residential growth, Ramsey residents have continually expressed a lament that the community is losing its rural character. <br />The opportunity to 'save' the existing farmstead instead of demolishing the century -old structure's represents a symbolic preservation of <br />Ramsey's past culture or heritage. However, more valuable yet, will be the adaptive reuse of these same woad buildings and barn for <br />1public.park uses, including as an Event Center. This project will stabilze the historic barn (from snow loading and wind storms), and <br />also bring the farm house up to code such that it may be leased for park operational revenue until the city begins park development. <br />'STRATEGIC PLAN INITIATIVE: <br />Connect the community through Parks, Trails and Recreational Programming. Strengthen and enhance our identity, brand and image. <br />Identify and implement operational efficiencies, cost savings and additional funding sources. <br />Proposed Expenditures by <br />Years - CapitaI Expense Only <br />Prior 2023 $ <br />2028 <br />$ <br />2023 $ <br />2029 <br />$ <br />Summary of Total Project Costs: <br />2024 $ <br />95.1000 2030 <br />$ <br />2025 $ <br />2031 <br />$ <br />A. Approximate total cost $ 951>000 <br />2026 $ <br />2032 <br />$ <br />B. Cost already incurred $ <br />2027 $ <br />1 <br />•2033 <br />$ <br />C. Balance of cost to complete $ 952000 <br />TOTAL <br />$ 951000 <br />Detail of Total Cost Estimates <br />1. Land Acquisition <br />a. Site already acquired $ <br />b. Site to be acquired $ <br />c. Area required (acres) <br />d. Total estimated cost <br />2. Building Cost/Construction <br />3. Improvements Other than Buildings Cost <br />4. Furnishings/Equipment <br />Total Project Costs <br />Source of Funding: <br />1. General Fund Property Tax Levy <br />2. Park Trust Fund <br />3. Pavement Management Fund <br />4. MSA <br />5. Lawful Gambling Fund <br />6. Tax Increment Fund # <br />7. Public Improvement Revolving Fund <br />S. Water Utility Fund <br />9. Sewer Utility Fund <br />10. Street Lighting Utility Fund <br />Proposed Expenditures by Years - Annual Maintenance Expense Only <br />Prior 2023 <br />$ <br />2028 $ <br />2023 <br />$ <br />2029 $ <br />$ 0 2024 <br />$ <br />2030 $ <br />2025 <br />$ <br />2031 $ <br />$ 2026 <br />$ <br />2032 $ <br />2027 <br />$ <br />2033 $ <br />$ <br />TOTAL $ <br />$ 0 <br />$ 95,000 <br />$ <br />0 <br />