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<br />Capital Improvement Program 2007 thru 2011 <br />City of Ramsey, Minnesota <br /> <br />Contact <br />Department Site Acquisitions <br /> <br />Project # 06-ACQ-00l <br />Project Name Sixth Community Park (north central Ramsey) <br /> <br />Type Land <br />Useful Life Unassigned <br />Category Site Acquisition <br />Priority n!a <br /> <br />. <br /> <br />Description 1 Total Project Cost , , <br />The park location has not been determined, but may be expected to be sited north of Trott Brook and generally geographically central. <br />The park should have a minimum of 60 acres of usable land. <br />Justification I <br />Given the projected build-out of Ramsey, it is anticipated that a sixth Community Park will be required to meet the needs of the existing and future <br />residents. <br />A joint powers agreement for funding and 0 & M may be explored with Bums Township. <br /> <br />$1 000 000 <br /> <br />Expenditures <br /> <br />Land Acquisition <br /> <br />2007 <br /> <br />2008 <br /> <br />2009 <br />1,000,000 <br /> <br />1,000,000 <br /> <br />2010 <br /> <br />2011 <br /> <br />Total <br />1,000,000 <br /> <br />1,000,000 <br /> <br />Total <br /> <br />. <br /> <br />Funding Sources <br />GO Bonding <br /> <br />2007 <br /> <br />2008 <br /> <br />2009 <br />1,000,000 <br /> <br />1,000,000 <br /> <br />2010 <br /> <br />2011 <br /> <br />Total <br />1,000,000 <br /> <br />1,000,000 <br /> <br />Total <br /> <br />. <br /> <br />Revised 09/06 <br /> <br />-163- <br />