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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2014 thrti 2018 <br />Project # 04-STR-006 <br />Project Name McKinley Street <br />Description <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: $1,235,000 <br />This project would complete the connection of streets between Sunfish Lake Boulevard and Ramsey Boulevard. It includes street, side walks, <br />watermain, and storm sewer costs. Project costs will include right of way acquisition. <br />Total $1,235,000 <br />FUNDING IS AVAILABLE ONLY IF F&C HAS REPAID LOAN OBLIGATION of $1.3M <br />Justification <br />With continuing discussion regarding the congestion on TH 10, this project will provide an alternate for the internal traffic, particularly truck <br />traffic, to avoid using Hwy 10. This is an MSA route; therefore, MSA funds may be available. <br />Expenditures <br />2014 2015 2016 2017 2018 Total <br />Land Acquisition <br />Improvements Other than Build <br />435,000 435,000 <br />800,000 800,000 <br />Total 1,235,000 1,235,000 <br />Funding Sources 2014 2015 2016 2017 2018 Total <br />Tax Increment Fund #1 <br />1,235,000 1,235,000 <br />Total <br />1,235,000 1,235,000 <br />Revised 10/2012 <br />Page 228 <br />