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<br />. .~ <br /> <br />~ <br /> <br />i CAfITAL PLAN <br /> <br />. <br /> <br />City of Cemerville, MN <br /> <br />I Project# Ol-ADM-002 <br />ProjectNam.e Purchase Turcotte Property <br /> <br />2001 thru 2005 <br /> <br />COJdact City AdminisInItor <br />DepartmeDt AdmiDistmtion <br /> <br />Type Improvement <br />Usefal LIfe FOJ'lMlI' <br />Category Laud Acquislion <br />Pr.lorIty 1 Urgent <br /> <br />Description I <br />the Turcotte cIuplex 1bat is atthe hdI..-tiv... ofSorelIllld CeateniIIe Road. This properly is c:ummtly 1br sale. The site is immNfiAteIy a4jac:ent to the old public <br />~rks location. <br /> <br />Justification <br /> <br />. site is a key ~lleId in the process ofclowntown mrilIolm.timo Tho site has valuable ftonfage aloJJa CealeniIIe Road. Tho City needs to 18ke a proactiw approach <br />in 100kiDg at cIowntown mdeveIopmeDt. Tho site would expIIIId the City con1rol1ed portion of the block. Tho site may be attnICtive as a IaDd swap with the Clmnlh ofSt <br />1br some of1heir "l5'1wultw.a111111d north ofLaMoUe Parlt. <br /> <br />Expenditures <br />Land AcquIsIlfon <br /> <br />2001 <br />140,000 <br />140,000 <br /> <br />2002 <br /> <br />2003 <br /> <br />2004 <br /> <br />2005 <br /> <br />Total <br />140,000 <br />140,000 <br /> <br />Total <br /> <br />F1m.diDg Sourees <br />GenenlI Fund <br /> <br />2001 <br />140,000 <br />140,000 <br /> <br />2002 <br /> <br />2003 <br /> <br />2004 <br /> <br />2005 <br /> <br />Total <br />140,000 <br /> <br />140,000 <br /> <br />Total <br /> <br />I~mpwoo- <br />