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<br />Capital Improvement Program <br /> <br />City of Ramsey, Minnesota <br /> <br />2007 thru 2011 <br /> <br />Contact <br />Department Site Acquisitions <br /> <br />Project # 07-ACQ-002 <br />Project Name SUNWOOD EXTENSION-ARMSTRONG TO BUNKER LAKE <br /> <br />Type Land <br />Useful Life <br />Category Site Acquisition <br />Priority n!a <br /> <br />. <br /> <br />Description I <br />This will be part of Ramsey Crossings. The City will participate in the cost. (About 5 acres) <br /> <br />Total Project Cost $1,800,000 <br /> <br />I <br /> <br />Justification <br /> <br />I <br /> <br />Ramsey Crossings is a partnership between the City and the Robert Muir Companies to develop new retail in the City. Sunwood Drive will be I <br />extended through the project. It is anticipated that the City will be required to participate in this street improvement. <br /> <br />Expenditures <br /> <br />Land Acquisition <br /> <br />2007 <br />1,800,000 <br /> <br />Total 1,800,000 <br /> <br />2008 <br /> <br />2009 <br /> <br />2010 <br /> <br />2011 <br /> <br />Total <br />1,800,000 <br /> <br />1,800,000 <br /> <br />Funding Sources <br />Developer Fees <br /> <br />2007 <br />1,800,000 <br /> <br />Total 1,800,000 <br /> <br />2008 <br /> <br />2009 <br /> <br />2010 <br /> <br />2011 <br /> <br />Total <br />1,800,000 <br /> <br />1,800,000 <br /> <br />. <br /> <br />. <br /> <br />Revised 09106 <br /> <br />-169- <br />