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<br />'eAPrT AL PLAN <br /> <br />City of Centerville, MN <br /> <br />Project # Ol-ADM-004 <br /> <br />2001 thru 2005 <br /> <br />Contact City Administrator <br />Department Administration <br />Type Improvement <br />Useful Life 35 years <br />Category Fixtures <br />Priority 2 Very Important <br /> <br />Project Name <br /> <br />Downtown Redevelopment <br /> <br />Description I <br /> <br />The City would have to contribute financially to initiate the first phase of downtown redevelopment. If the City has the frontage along the old public works site, there <br />would be utility assessments along with expenses for lighting, sidewalks, oversizing, etc. <br /> <br />Justifica tion <br /> <br />I <br /> <br />If the first phase of downtown redevelopment is successfully implemented, this should increase property values throughout the downtown area. Future phases could be <br />implemented and driven hopefully by market conditions. This project is consistent with the Minnesota Design Team visit. <br /> <br />Expenditures 2001 2002 2003 2004 2005 Total <br />PlanningJDesign 25,000 25,000 <br />ConstructionIMaintenance 360,000 360.000 <br />Total 25,000 360,000 385,000 <br /> <br />Funding Sources 2001 2002 2003 2004 <br />General Fund 25,000 160,000 <br />Special Assessments 200,000 <br />Total 25,000 360,000 <br /> <br />2005 Total <br />185,000 <br />200,000 <br /> <br />385,000 <br /> <br />Operational Impact/Other I <br />