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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2015 thru 2019 <br />Project # 04-STRM-011 <br />Project Name COR Bunker Lake Blvd (Armstrong to Ramsey Blvd) <br />Type Improvement <br />Useful Life 50 Years <br />Category Storm Water Utility Improveme <br />Description <br />Department Stormwater Utility <br />Contact Unassigned <br />Priority 6 -Planned <br />Status Active <br />Total Project Cost: $560,000 <br />Upgrades Bunker Lake Blvd between Armstrong and Ramsey Blvds, necessitated by The COR Development. Upgrades include traffic signals at <br />Rhinestone St., Town Center Drive and Zeolite Streets adjacent to The COR. Offsite improvements include a traffic signal at Sunfish Lake Blvd. <br />Total Cost for Bunker Lake Blvd. _ $3,419,000 <br />Total Cost for Regional Roadway improvements = $14,607,860 <br />Bonded amount $560,000 @ 10 years @ 5% int = $712,710 <br />Justification <br />The construction of The COR will add additional traffic to Bunker Lake Blvd. This project will upgrade Armstrong Blvd and the intersection at <br />Bunker Lake and Hwy 10 to better handle the traffic. <br />See projects COR Armstrong, COR Hwy 10 and COR Ramsey Blvd. <br />Expenditures <br />2015 2016 2017 2018 2019 Total <br />Improvements Other than <br />Building Cost <br />560,000 560,000 <br />Total <br />560,000 560,000 <br />Funding Sources 2015 2016 2017 2018 2019 Total <br />Storm Water Utility Fund 560,000 560,000 <br />Total <br />560,000 560,000 <br />Page 136 <br />