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<br />'CAPI:r AL PLAN <br /> <br />City of Centerville, MN <br /> <br />Project # Ol-ADM-003 <br />ProjectNarne Purchase Cedar Street Park <br /> <br />2001 thru 2005 <br /> <br />Contact City Administrator <br />Department Administration <br />Type Improvement <br />Useful Life Forever <br />Category Land Acquistion <br />Priority 2 Very Important <br /> <br />Description I <br /> <br />Project would involve purchasing an unrestricted deed for Cedar Street ParIe This park can only currently be used as park property since the City acquired the property <br />under tax furfeiture. The City would have to pay the back taxes on the parcel to the school and Anoka County to gain an unrestricted deed. This is not necessary if we <br />decide not to ever use the property, except for park purposes. <br /> <br />Justification <br /> <br />I <br /> <br />This would give the City ultimate control of the fate of this parcel. If the City has an unrestricted deed, we could choose to sell the property. <br /> <br />Expenditures <br />Land Acquisition <br /> <br />2001 <br />30,000 <br /> <br />30,000 <br /> <br />2002 <br /> <br />2003 <br /> <br />2004 <br /> <br />2005 <br /> <br />Total <br />30,000 <br />30,000 <br /> <br />Total <br /> <br />Funding Sources <br />General Fund <br /> <br />2001 <br />30,000 <br />30,000 <br /> <br />2002 <br /> <br />2003 <br /> <br />2004 <br /> <br />2005 <br /> <br />Total <br />30,000 <br /> <br />30,000 <br /> <br />Total <br /> <br />Operational Impact/Other I <br /> <br />A ~, \(yf'~ <br />. \ ,'< <br />