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Councilmember Wise introduced the following resolution and moved for its adoption. <br />RESOLUTION #11 -08 -139 <br />2012 BONDING REQUEST FOR $10 MILLION FUNDING FOR CONSTRUCTION OF <br />AN INTERCHANGE AT U.S. HIGHWAY 10 AND COUNTY STATE -AID HIGHWAY 83 <br />(ARMSTRONG BOULEVARD) <br />WHEREAS, the Armstrong Interchange improvements have been identified by state, <br />county and local agencies and permanent improvements of this intersection would be highly <br />beneficial; and <br />WHEREAS, the project is estimated to cost approximately $30 million dollars based <br />upon preliminary design estimates; and <br />WHEREAS, the Armstrong Interchange improvements are proposed to be constructed using a <br />combination of federal, state, regional, and local funding; and <br />; and <br />WHEREAS, The improvements would achieve and support the following: <br />Public safety <br />• Guaranteed access for fire and police personnel to Highway 10 and <br />neighborhoods/businesses south of Highway 10 <br />Transportation safety improvements at Highway 10 and the BNSF Rail Crossing. <br />• At -grade Rail crossing is currently within 50 feet of Highway 10 <br />• Operational status of Highway 10 at Armstrong <br />• Average speed on Highway 10 is 29 MPH during peak <br />• Top 100 most dangerous intersections in state <br />• West of Armstrong, Highway 10 continues for 3 miles without a <br />signalized intersection <br />Improved access to Ramsey Town Center and the economic development <br />opportunities within. <br />• Ramsey Town Center is a Transit Oriented Development that has received <br />investment from Met Council Livable Communities and Federal grant <br />funds the Armstrong Interchange improvements <br />Existing public investment in the corridor. <br />• Property acquired with federal, state and county funds for Ramsey/Dayton <br />River Crossing <br />• Twelve (12) properties have been acquired for right -of -way purposes <br />utilizing Met council RALF funds in the Highway 10 Corridor, $8 Million <br />+ has been invested thus far in preserving the corridor at today's market <br />values <br />• City of Ramsey recently purchased 148 acres of the land in the Ramsey <br />downtown area for the purpose of economic development <br />