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Capital Improvement Program 2015 thru 2019 <br />City of Ramsey, Minnesota <br />Project # 08 -PARK -002 <br />Project Name <br />Mississippi River Trail <br />Department Park Improvements <br />Contact <br />Type Improvement <br />Useful Life 20 Years <br />Category Park Improvement <br />Priority 6 -Planned <br />Status Active <br />Total Project Cost: $1,535,000 <br />Description <br />This project will complete the off-road Mississippi River Trail (MRT) in Ramsey, by the construction of the segment between the Armstrong <br />Boulevard Interchange and City Limits with Elk River within the ROW of Hwy # 10. <br />Construction costs are estimated at $875,000 in Federal funding as part of a trail grant in the amount of $1,120,000 (for two phases of the MRT), <br />with the local match of less than $400,000 from the Park Trust Fund. Contracted Engineering and Administration will be required for this project <br />at an estimated cost of $260,000, also from the Park Trust Fund, and is not grant eligible. <br />Justification <br />The MRT in particular, due to its National and Regional scope, is an important economic development `tool' as it relates to the benefits of tourism <br />associated with non-resident cyclists. Portions of the MRT are also United States Bike Route #45. <br />Expenditures <br />2015 <br />2016 <br />2017 <br />2018 <br />2019 Total <br />Improvements Other than <br />Building Cost <br />1,535,000 <br />1,535,000 <br />Total <br />Funding Sources <br />1,535,000 <br />1,535,000 <br />2015 2016 2017 2018 2019 Total <br />Grants and Aids <br />875,000 <br />Park Improvement Trust Fund 660,000 <br />875,000 <br />660,000 <br />Total 1,535,000 <br />1,535,000 <br />Revised 10/2012 <br />