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Capital Improvement Program <br />City of Ramsey, Minnesota <br />Project # 04 -STR -003 <br />Project Name County Road #116 (Dysprosium St. to CR #57) <br />Description <br />This project includes the improvement of CR #116 by extending a four -lane divided median section from Dysprosium/Thurston Street to CR #57. <br />This project also anticipates the signalization of County Road #57 /County Road #116 intersection and a trail. This project is a result of the County <br />Road #116 Study. <br />The project will include trail construction, completing another link in the trail system. <br />City of Anoka Share = $200,000 <br />Anoka County Share = $2,900,000 <br />Approximate Total City Cost - 26% _ $700,000 <br />Justificatio n <br />County Road #116 is a major east /west transportation link across Anoka County. This roadway provides access to the City's industrial land use <br />base which includes Business Park 95, the AEC Energy Park, the future areas south of the landfill and also to Ramsey Town Center. <br />Prior <br />1 100,0001 <br />Prior <br />100,0001 <br />Total <br />Revised 10 /2011 <br />Expenditures <br />Improvements Other than Build 600,000 <br />Funding Sources <br />2012 thru 2016 <br />Department Street Improvements <br />Contact Unassigned <br />Type Improvement <br />Useful Life 20 Years <br />Category Street Improvement <br />Priority 6- Planned <br />Status Active <br />Total Project Cost: $700,000 <br />2012 2013 2014 2015 2016 Total <br />600,000 <br />Total Total 600,000 600,000 <br />2012 2013 2014 2015 2016 Total <br />Tax Increment Fund #2 600,000 600,000 <br />Total 600,000 600,000 <br />PAGE 241 <br />