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REVISED PROJECT BUDGET <br />Local Grants Program <br />Department of Natural Resources <br />Office of Management and Budget Services <br />500 Lafayette Road, Box 10 <br />St. Paul, Minnesota 55155-4010 <br />Local Unit of Government: City of Elk River <br />Contact Person: Bill Maertz <br />Title: Parks and Recreation Director <br />Address: Lions Park Center <br />1104 Lions Park Drive <br />Elk River, MN 55330 <br />County: Sherburne <br />Daytime Phone: (763) 635-1161 Fax Number: (763) 635-1155 <br />Project Name: Top of the World Addition <br />Existing Park Acreage: 250 Acres (total park area of 328 acres, including the land targeted by this <br />rant. <br />Please identify the activities to be completed with your Application: <br />Acres to be purchased: 78 Acres <br />Protection Measures: <br />Property acquired via the grant will be incorporated into the Elk River Park system, and <br />permanently protected via a conservation easement. <br />Cost Breakdown: 78 acres at $22,500.00 per acre <br />City of Elk River $555,000( $360,360 park dedication <br />credits indexed to CPI, $194,640 <br />cash) <br />DNR Remediation Fund Grant $ 500,000 <br />DNR Metro Greenways Grant $ 300,000 <br />DNR Scenic and Natural Areas Grant $ 400,000 <br /> <br />Total $1,755,000 <br />