Laserfiche WebLink
2025 thru 2034 <br />Capital Improvement Plan <br />Ramsey, MN <br />Project # 08-PARK-005 <br />Project Name Park Development in The COR <br />Total Project Cost $3,430,200 Department Park Improvements <br />Type Improvement Category Park Improvement <br />Priority 2-New Addition (High) Status Active <br />Useful Life 20 years <br />Description <br />This proposed Capital Improvement represents continued park development in The COR, began in 2024. There are three categories of intra-related projects: <br />- Landscape and irrigation for Municipal Plaza and along Center Street. <br />- Landscape and Aquatic habitat establishment, and access for the 7-acre pond at The Waterfront. <br />- Develop plans and specifications and construct the water play area and supporting infrastructure. <br />Justification <br />Private development in The COR have provided Park Dedication fees that will fund a portion of the planned -for park improvements in Ramsey's downtown - specifically the water play aspects of The Waterfront community park. <br />Additionally, when larger full -service community building is completed, The Waterfront will be a sub -regional destination for the city - becoming an economic driver for retail activity in The COR, while providing a myriad of unique <br />recreational opportunities for residents. <br />Prior Expenditures 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Total <br />430,200 Improvements Other than Building Cost 3,000,000 0 0 0 0 0 0 0 0 0 3,000,000 <br />Total 3,000,000 0 0 0 0 0 0 0 0 0 3,000,000 <br />Funding <br />Prior Sources 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Total <br />430,200 Park Improvement Trust Fund 3,000,000 0 0 0 0 0 0 0 0 0 3,000,000 <br />Total 3,000,000 0 0 0 0 0 0 0 0 0 3,000,000 <br />Produced Using Plan -It CIP Software 190 <br />