Agenda - Council - 07/28/1998 - Laserfiche WebLink

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CITY OF RAMSEY 1998-2003 CAPITAL IMPROVEMENT PROGRAM PROJECT TITLE: Business Park 95 - 7th Addition - Phase II PROJECT TYPE: Street Improvement PROJECT YEAR: 1998 TOTAL ESTIMATED COST: $148,000 PROJECT DESCRIPTION AND LOCATION I'his 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 feet of street construction will be required. PROJECT Start Date PROJECT JUSTIFICATION This project is necessary to provide the street and utility infrastructure to facilitate the development of the remaining property in the industr/al 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 Building Cost/Construction Improvements Other than Buildings Cost FurnishingsfEquipment 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 of debt b. Sealcoating escrow c. Grants and aids d. Inter-Fund loans e. Development fees f. Total other Total Sources of Funds 148,000 148,000 $ 148,000 $ 148,000 $ 148,000 $ 148,000 Proposed Expenditures by Years Prior 1998 $ 1998 $ 148,000 I999 $ 2000 $ 2001 $ 2002 $ 2003 $ TOTAL $ 148,0001 I I I I I I I I I I I