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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2015 thru 2019 <br />Project # 15-STR-004 <br />Project Name Jarvis Street Reconstruction <br />Type Improvement <br />Useful Life 60 Years <br />Category Street Improvement <br />Description <br />Department Street Improvements <br />Contact <br />Priority 6 -Planned <br />Status Active <br />Total Project Cost: $970,000 <br />: Includes the reconstruction of approximately 4,000 feet of Jarvis Street that jointly borders the City of Elk River and the City of Ramsey. Costs <br />will be shared equally between the two cities. Also includes 50% of the costs to construct the required quiet zone improvements at the BNSF <br />railroad crossing on Jarvis Street. This is an MSA route so it must be constructed to State Aid standards. <br />Payment will be made back in three annual payments to the City of Elk River. <br />Justification <br />Completing this project at this time will allow the City of Ramsey to complete a much needed street reconstruction project in cooperation with the <br />City of Elk River who will administer the project. Since this project was not included in previous CIP's, the City of Elk River is offering to <br />finance the project up front and to allow repayment over a 3 -year term. <br />Expenditures <br />2015 2016 2017 2018 2019 Total <br />Improvements Other than <br />Building Cost <br />324,000 323,000 323,000 970,000 <br />Funding Sources <br />Total 324,000 323,000 323,000 970,000 <br />2015 2016 2017 2018 2019 Total <br />Public Improvement Revolving 294,000 293,000 293,000 880,000 <br />Fund <br />Storm Water Utility Fund 30,000 30,000 30,000 90,000 <br />Total 324,000 323,000 323,000 970,000 <br />Page 166 <br />