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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2011 thru 2015 <br />Project # 08-ACQ-004 <br />Project Name MPCA Land Purchase <br />Description <br />Department Site Acquisitions <br />Contact <br />Type Land <br />Useful Life <br />Category Site Acquisition <br />Priority 6-Planned <br />Status Active <br />Total Project Cost: $5,658,444 <br />Acquisition of property to industrial development purposes. <br />Area required (acres) = 64.95 <br />Tax ID Numbers: 27-32-25-14-0003 & 27-32-25-11-0004 <br />Justification <br />The MPCA Property is primarily vacant underutilized land. City inventory of industrial land has diminished over time and there is a solid market <br />for industrial development at this time. The total land purchased could be reduced if Public Works does not utilize the northern half of the subject <br />property. <br />Expenditures <br />2011 2012 2013 2014 2015 Total <br />Land Acquisition <br />5,658,444 5,658,444 <br />Total <br />5,658,444 5,658,444 <br />Funding Sources 2011 2012 2013 2014 2015 Total <br />EDA Bonding with Levy 5,658,444 5,658,444 <br />Total <br />5,658,444 5,658,444 <br />Revised 12/2010 <br />Page 194 <br />