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<br />Capital Improvement Program <br /> <br />City of Ramsey, Minnesota <br /> <br />2007 thru 2011 <br /> <br />Project # <br /> <br />06-ACQ-002 <br /> <br />Contact <br />Department Site Acquisitions . <br />Type Land <br />Useful Life Unassigned <br />Category Site Acquisition <br />Priority n/a <br /> <br />Project Name Acquire outlots "A" in Rivers Bluff and Reilly Est <br /> <br />Total Project Cost $20,000 <br /> <br />Description <br /> <br />Along the Rum River in the central part of the city ate separate outlots owned by two homeowners associations. Both are very attractive, wooded <br />parcels and connected to existing trail corridors. This project may entail the donation of the land in exchange for passive improvements such as <br />trails, icnic areas or a fishing ier. <br /> <br />Justification <br /> <br />The associations would benefit by realizing these amenities near their homes. The $20,000 expense represents an estimate for real-estate <br />transaction costs, and perha spark lanning to romote the donation. The ark lans would generate the develo ment cost rojections. <br /> <br /> <br />Expenditures <br /> <br />Land Acquisition <br /> <br />2007 <br /> <br />2008 <br /> <br />2009 <br /> <br />2010 <br />20,000 <br />20,000 <br /> <br />2011 <br /> <br />Total <br />20,000 <br /> <br />20,000 <br /> <br />Total <br /> <br />Funding Sources <br /> <br />Park Improvement Trust Fund <br /> <br />Total <br /> <br />2007 <br /> <br />2008 <br /> <br />2009 <br /> <br />2010 <br />20,000 <br />20,000 <br /> <br />2011 <br /> <br />Total <br />20,000 <br /> <br />20,000 <br /> <br />. <br /> <br />. <br /> <br />Revised 09106 <br /> <br />-165- <br />