Agenda - Council - 07/14/1998 - Laserfiche WebLink

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CITY OF RAMSEY 1998-2003 CAPITAL IMPROVEMENT PROGRAM IPROJECT TITLE: Business Park 95 - 7th Addition - Phase II PROJECT TYPE: Street Improvement PROJECT YEAR: t998 TOTAL ESTIMATED COST: $148,000 IPROJECT DESCRIPTION AND LOCATION This project will complete,the development of the Business Park 95 property which the City purchased in the mid 1990 s for industrial development. The northern terminus of Radium Street from Phase I will be extended eastward to Unity Street. Approximately 900 fret &street construction will be required. PROJECT Start Date PROJECT JUSTIFICATION This project is necessary to provide the street and utility infi'astructure to facilitate the development of the remaining property in the industrial park. Summary of Total Project Costs: A. Approximate total cost $ B. Cost already incurred $ C. Balance of cost to complete $ Detail of Total Cost Estimates 1. Land Acquisition a. Site already acquired $ b. Site to be acquired $ c. Area required (acres) d. Total estimated cost 2. Building Cost/Construction 3. 4. Improvements Other than Buildings Cost Furnishings/Equipment Total Project Costs Source of Funding: 1. General Fund 2. Park Trust Fund 3. Landfill Trust Fund 4. MSA 5. Lawful Gambling Fund 6. Tax Increment Fund 7. Public Improvement Revolving Fund 8. Utilities 9. Other a. Issuance &debt b. Sealcoating escrow c. Grants and aids d. Inter-Fund loans e. Development fees f. Tolal other Total Sources of Funds I Pronosed Expenditures by Years Prior 1998 $ 148,000 1998 $ 148,000 1999 $ 148,000 2000 $ $ 148,000 $ 148,000 $ 148,000 $' 148,000 2001 2002 2003 TOTAL 148,000!