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Attached are updated plan sheets showing the 36-foot wide design for Jarvis Street. <br />The new total estimated cost -share for the City of Ramsey of $920,305.50.is $50,376 less than the amount <br />previously discussed with the Public Works Committee when the Committee recommended Council approval of the <br />project. Since then, staff has been waiting for further direction from Elk River before presenting the project to the <br />City Council for consideration of approval. <br />In 2014 City of Ramsey staff rated this section of Jarvis Street with a PASER rating of 2 which warrants a total <br />reconstruction. While this is not the worst street in the City of Ramsey, it certainly ranks quite close and as such is <br />included in the City's 5-year CIP for street reconstruction projects. <br />Though the adjacent property uses are very different on either side of the shared section of Jarvis Street, with <br />industrial properties in Elk River and residential properties in Ramsey, Jarvis Street is designated as a Municipal <br />State Aid Street by both cities and as such must be reconstructed to State Aid standards as proposed by Elk River. <br />Reconstructing this section of Jarvis Street at the same time as the reconstruction of Andie Street and/or 164th Lane <br />in 2016 and/or 2017 as shown in the current CIP would not be a good option as access to 164th Lane would be <br />required from Jarvis Street from time to time. Therefore, reconstructing Jarvis Street in 2015 fits well with our <br />scheduled road reconstruction projects. <br />Funding Source: <br />Based on Elk River's estimated cost -share information attached, the City of Ramsey's share of the project costs, <br />estimated at 50%, equals $920,305.50. <br />As previously noted, the City of Elk River is agreeable to paying for the City of Ramsey's share of the costs <br />up -front with an interest -free payback period of 3-years. The proposed funding sources for this work include a mix <br />of State Aid funds and road reconstruction bond funds which would be used to pay the City of Elk River back over <br />a 3-year period from 2016 to 2018. <br />This project is not included in the City's 5-year Street Maintenance Program. <br />Recommendation: <br />Due to the mutual benefits provided by this project, and the ability to pay the costs back interest -free over a 3 year <br />term, Staff recommends that the Public Works Committee recommend City Council approval of Elk River's revised <br />cost -share proposal. <br />Action: <br />Motion recommending City Council approval or denial of the City of Elk River's revised cost -share proposal. <br />Elk River Proposal Ltr 102814 <br />Elk River CCcase w Feas Rpt <br />Updated Ramsey Cost -Share Estimate <br />Updated Jarvis St Plan and Profile <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Grant Riemer Grant Riemer 01/15/2015 03:21 PM <br />Kurt Ulrich MaryJo Warner 01/15/2015 03:50 PM <br />Form Started By: Bruce Westby Started On: 01/12/2015 03:51 PM <br />Final Approval Date: 01/15/2015 <br />