Agenda - Council - 10/25/1994 - Laserfiche WebLink

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1993 - 2000 CAPITAL IMPROVEMENT PROGRAM PROJECT DESCRIPTION ROADWAY IMPROVEMENTS S.1 . Sunwood Drive Projects Sunwood Drive is intended to be the local crosstown collector south of 153rd Avenue N.W. Sunwood Drive N.W. between Sunfish Lake Boulevard N.W. and Trunk Highway #47 will carD, predominantly residential traffic. That portion between Sunfish Lake Drive N.W. and Ramsey Boulevard N.W. will be more commercial and industrial in nature. It is contemplated that within the 1995 - 1999 time frame the entire roadway will be completed. Segments of the roadway have been in place since 1992 with additional improvements in 1993 as residential subdivision collectors. It is projected that the segments yet to be completed total approximately $2 million and it is expected that about 30% of the total project cost will be recovered through assessments. About 40% will be paid from the MSA fund and about 14% from the Tax Increment fund. It is expected that the portion east of Sunfish Lake Boulevard N.W., that which carries primarily residential traffic, will be assessment projects with either of the MSA or Tax Increment funds picking up the non-residential equivalent costs. It is projected that the commercial/industrial portion, serving as an east/west collector between Sunfish Lake Boulevard N.W. and Ramsey Boulevard N.W., will be funded by MSA and Tax Increment proceeds and not as assessment projects. Proie¢{ Year Sunwood Drive N.W. from Count>, 1995 Road #57 to Krypton Street N.W. Sunwood Drive N.W. from County 1997 Road #56 to County Road #116 Sunwood Drive N.W. from Trunk 1998 Highway ,~47 to Erkium Street N.W. Sunwood Drive N.W. from County 1999 Road #57 to Count>, Road #116 ] 996 Funding $ 200,000 - TIF $ 440,000 - Bond/Impact Fee $180,900- WAC/SAC $ 375,000 - MSA $ 75,000- TIF $180,000 - Assessment $ 60,000- MSA $ 330,000- MSA $ 50,000 - MSA [rough Fading] $ 1,890,900 S-2 153rd/t55th Avenue Crosstown In 1991, 153rd Avenue N.W. was completed from County Road #5 to County Road #56; the segment between that location and Variolite Street N.W. has been completed for some time. Also the segment between Count>, Road #83 and Highway gl0 at the western edge of Ramsey, has existed for a number of years. What remains to be completed is the segment between Variolite Street N.W. and County Road #83. It is contemplated that the Landfill Trust Fund, as a portion dedicated to park improvements, be used for acquisition of the property [allocated in 1994], with the balance of any acquisition costs and construction costs to be provided for by the MSA fund. The park allocation is suggested in that in addition to fight-of-way acquisition, it is intended that all