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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2011 thru 2015 <br />Project # 11-BLDG-001 <br />Project Name Municipal Parking Ramp Extension <br />Description <br />Department Municipal Buildings <br />Contact <br />Type Buildings <br />Useful Life 25 <br />Category Municipal Building <br />Priority 6-Planned <br />Status Active <br />Total Project Cost: $4,500,000 <br />This project will expand the capacity of the municipal parking lot from a capacity of 590 to 790 vehicles. <br />Justification <br />The city has received a grant that will fund 80% of the cost of the expansion. Additional capacity will be required to meet the demand for parking <br />generated by the rail station and COR development. <br />Expenditures <br />2011 2012 2013 2014 2015 Total <br />Building Cost/Construction 4,500,000 <br />4,500,000 <br />Funding Sources <br />Total 4,500,000 <br />4,500,000 <br />2011 2012 2013 2014 2015 Total <br />Grants and Aids 3,600,000 3,600,000 <br />Tax Increment Fund #1 900,000 900,000 <br />Total 4,500,000 <br />4,500,000 <br />Revised 12/2010 <br />Page 94 <br />