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<br />Capital Improvement Program <br /> <br />City of Ramsey, Minnesota <br /> <br />2007 thru 2011 <br /> <br />Project # <br /> <br />04-ACQ-005 <br /> <br />Contact Unassigned <br />Department Site Acquisitions <br />Type Land . <br />Useful Life Unassigned <br />Category Site Acquisition <br />Priority n!a <br />Total Project Cost $304,820 <br /> <br />Project Name Site Acquisition: South Highway 10 Frontage Road <br /> <br />Description I <br /> <br />Approximately six acres of land to be purchased for industrial development purposes. <br />Area required (acres) = 6.0 <br />Total project costs including Land, Street, Sewer, Water and Storm Sewer = $1,082,820. <br /> <br />Justification -1 <br /> <br />Land acquisition required to implement South Highway 10 Frontage Road system and to replat property to encourage optimal development. <br /> <br />Expenditures <br />Land Acquisition <br /> <br />2007 <br /> <br />2008 <br />304,820 <br />304,820 <br /> <br />2009 <br /> <br />2010 <br /> <br />2011 <br /> <br />Total <br />304,820 <br /> <br />304,820 <br /> <br />Total <br /> <br />Funding Sources <br />Tax Increment Fund #4 <br /> <br />2007 <br /> <br />2008 <br />304,820 <br />304,820 <br /> <br />2009 <br /> <br />2010 <br /> <br />2011 <br /> <br />Total <br />304,820 <br /> <br />304,820 <br /> <br />. <br /> <br />Total <br /> <br />. <br /> <br />Revised 09106 <br /> <br />-161- <br />