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CITY OF RAMSEY <br /> 1998-2003 <br /> <br />CAPITAL IMPROVEMENT PROGRAM <br /> <br />PROJECT TITLE: Highway 47 STP Project <br />PROJECT TYPE: Street Improvement <br />PROJECT YEAR: 1998/1999 <br />TOTAL ESTIMATED COST: 2,536,000 <br /> <br />PROJECT DESCRIPTION AND LOCATION <br /> <br />This project includes the reconstruction of Trunk Highway #47 from 142nd Avenue to 153rd <br />Avenue. Key elements of the program include one through lane in each direction and wider <br />roved shoulders. Full dedicated leR and right turn lanes will be provided at erich remaining <br />ntersection and the intersection with 142nd Avenue, Xkimo/County Road #5, 149th Avenue <br />and 153rd Avenue will be signal/zed. A paved bike path along thc east side &thc highway <br />will be completed the length of the project. <br /> <br />PROJECT <br />Start Date <br /> <br />PROJECT JUSTIFICATION <br /> <br />This project will result in safety improvements for all users of Trunk Highway 47, a large number of which are Ramsey <br />residents. Without this project, little improvement to Trunk Highway 47 might be expected in the near future. This <br />Project has a total estimated cost of $5.4 million, with the additional funding coming fi.om the Federal, State and <br />County governments, <br /> <br />I <br />I <br />I <br /> <br />Summary of Total Project Costs: <br /> <br />A. Approximate total cost $ <br />B. Cost already incurred $ <br />C. Balance of cost to complete $ <br /> <br /> Detail of Total Cost Estimates <br /> I. Land Acquisition <br /> a. Site already acquired $ <br /> b. Site to be acquired $ <br /> c. Area required (acres) <br /> d. Total estimated cost <br /> <br /> Building Cost/Construction <br /> <br />Improvements Other than Buildings Cost <br />Furnishings/Equipment <br /> <br />Total Project Costs <br /> <br />Source of Funding: <br /> <br /> 1. General Fund <br /> <br /> 2. Park Trust Fund <br /> <br /> 3. Landfill Trust Fund <br /> <br /> 4. MSA <br /> <br /> 5. Lawful Gambling Fund <br /> <br /> 6. Tax Increment Fund <br /> <br /> 7. Public Improvement Revolving Fund <br /> 8. Utilities <br /> 9. Other <br /> a. Issuance ofdebt <br /> b. Sealcoating escrow <br /> c. Grants and aids <br /> d. Inter-Fund loans <br /> c. Development fees <br /> f. Highway #47 Fund <br /> Tmal other <br /> <br />Total Sources &Funds <br /> <br />$ <br />$ <br />$ <br />$ <br />$' <br />$' <br /> <br />2,536,000 <br />2,536,000 <br /> <br />2,000,000 <br /> <br />709,930 <br /> <br />2,000,000 <br /> <br /> 536,000 <br />2,536,000 <br /> <br /> 958,070 <br /> 868,000 <br /> <br />800,000 <br /> <br />2.626,070 <br /> <br />IProposed Exnenditures by Years <br /> Prior I998 $ --__ 2001 <br /> 1998 $ 2,274,000 2002 <br /> 1999 $ 262,000 2003 <br /> 2000 $ TOTAL <br /> <br />2,536,000 <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br /> <br /> <br />