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Capital Improvement Plan <br />City of Arden Hills, Minnesota Contact Public Works Director <br />2018 2022thru Department Parks Department <br /> Description <br />This item is for the park development (not land acquisition) of park areas throughout TCAAP. <br />Updated costs and funding were addressed at the end of 2016, the parks will be funded via the Park Dedication fees collected. <br />Project #17-Park-001 <br />Priority 3 Important <br /> Justification <br />Ramsey County will be providing park land with the development of TCAAP but the City will be required to develop the parks. An estimate has <br />been made of $15.0 million for full build out of all the park areas according to the approved plan. <br /> Budget Impact/Other <br />Useful Life 20 <br />Project Name Development of TCAAP Park Facilities Category Park Capital Improvements <br />Type Improvement <br />TCAAP Yes <br />Total Project Cost:$15,000,000 <br />Total20182019202020212022Expenditures <br />15,000,0005,000,000 5,000,000 5,000,000Construction/Maintenance <br />5,000,000 5,000,000 5,000,000 15,000,000Total <br />Total20182019202020212022Funding Sources <br />15,000,0005,000,000 5,000,000 5,000,000Park Capital Fund (Park <br />Dedication Fees) <br />5,000,000 5,000,000 5,000,000 15,000,000Total <br />Wednesday, September 13, 2017Page 6Produced Using the Plan-It Capital Planning Software