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<br />II. PROJECT NARRATIVE (Use additional pages to address the following. You may <br />format the section as you would like.) <br /> <br />A. Describe the need for this project in Ramsey County. Bow does the need <br />for this project compare ~ith other human/infrastructure needs? Rov vas <br />the need determined? Is ita local priori ty? Bow will Ramsey County <br />residents benefit from the project? How vould the residents be affected <br />if the project wasn't'funded at the requested level? (Attach any third <br />party materials that document the need for this project: feasibility <br />studies, market research,\1aiting 1ists~ etc.). <br /> <br />B. If funded, is the project ready to go? Is all the necessary financing <br />in place? Describe any site s~lection, policy, regulatory, marketing, <br />or other steps that will be needed once CDBG funding is available. Vhat <br />other sources of funding have been considered for this project? Ho'J <br />soon 'Jill funds be spent? (NOTE: CDBG funds may not be used to replace <br />other funds available for a project.) For construction/development <br />projects, include construction schedule. <br /> <br />C. Bew vill this project be managed? Describe roles/responsibilities of <br />involved individuals in project implementation. For public service <br />projects, CDBG funding for service delivery is limited; please describe <br />how continuation of the project ~ill be financially supported in the <br />future. <br /> <br />III. PROJECT BUDGET <br /> <br />(Present a complete budget for the proposed project.) <br /> <br />A. :~OJECT COSTS - ~dentify all project costs, sources and uses of funds. <br /> <br />Tot ~: ?roject Cost $ 20,985,528 <br />CDBG Funds Request".:! $ 250,000 <br />?ercentage d !;;;tal Project v 1.2 <br />I. <br /> <br />Source and Comm~tment of Other Revenues (Local Gov't, Foundations, etc.) <br /> <br />Source of Funds <br /> <br />~ount <br /> <br />Contact Person <br /> <br />College Properties <br /> <br />$ 600,000 <br /> <br />Paul Sentman <br /> <br />Northwestern College <br /> <br />$ 4,000,000 (Letter-Credit) Dan Lindh <br /> <br />City of Roseville <br /> <br />$ 40Q,000 <br />$ 3,900,000 <br /> <br />Craiq Waldron <br />Craiq Waldron <br /> <br />City of Roseville (T.l.F) <br /> <br />Additional fund raising to be ~etermined <br /> <br />Dan Lindh <br /> <br />$ <br />$ <br /> <br />CDBG APPLICATION <br /> <br />3 <br /> <br />11/92 <br />