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2025 thru 2034 <br />Capital Improvement Plan <br />Ramsey, MN <br />Project # <br />Project Name <br />07-PARK-001 <br />Municipal Plaza <br />Total Project Cost $3,700,000 Department Park Improvements <br />Type Improvement Category Park Improvement <br />Priority 5-Opportunity/Unfunded/Placeholder Status Future Consideration <br />Useful Life 20 years <br />Description <br />Development of the proposed 2-acre Municipal Plaza in The COR, based upon the parks framework plan at $41 per square foot. <br />Justification <br />This urban park -space may be one of the most prominent park spaces within The COR - due to its visibility along Sunwood Drive, and its relationship to the Municipal Center and transit hub. The site is also likely to be used for the <br />city's festival known as Happy Days. <br />Expenditures 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Total <br />Improvements Other than Building Cost 0 0 3,700,000 0 0 0 0 0 0 0 3,700,000 <br />Funding <br />Sources <br />Total 0 0 3,700,000 0 0 0 0 0 0 0 3,700,000 <br />2025 2026 <br />2027 2028 2029 2030 2031 2032 2033 2034 Total <br />Park Improvement Trust Fund 0 0 3,500,000 0 0 0 0 0 0 0 3,500,000 <br />Grants/Outside Sources <br />0 0 <br />Total <br />0 0 <br />200,000 0 0 0 0 0 0 0 200,000 <br />3,700,000 <br />0 0 0 0 0 0 <br />0 3,700,000 <br />Produced Using Plan -It CIP Software 14 <br />