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Formatted: No underline <br />Formatted: No underline <br />Formatted: No underline <br />Formatted: No underline <br />Formatted: Tab stops: 4.58", Left <br />Formatted: No underline <br />1 <br />Formatted: No underline <br />Form atted: Superscript <br />Formatted: No underline <br />Formatted: No underline <br />Formatted: No underline <br />Formatted: No underline <br />Comm a nt ed [ LL1 ] : These are included in the CIP <br />Updated Storm Water Management Plan (SWMP) <br />City of Ramsey, Minnesota <br />VIL FINANCIAL CONSIDERATIONS <br />Typically a Capital Improvement Program (CIP) is an itemized program for at least a five-year <br />prospective period. The items and associated costs are subject to at least biennial review. The <br />benefits include setting forth the schedule, timing, and details of specific contemplated capital <br />improvements by year, together with their estimated cost, the need for each improvement, <br />financial sources, and the fmancial effect that the improvements will have on the local <br />government unit or watershed management organization. <br />The City recognizes that the detailed modeling exercise of the storm water system for the city laid <br />out many areas of potential full pipes, inadequate flow structures, and potential flooding issues <br />that will need to be constantly re-evaluated as more detailed information is available for the <br />system and as the city grows. As this re-evaluation occurs, the CIP will need to be updated to <br />reflect new projects. <br />A. 5 -year Capital Improvement Program <br />The current 5 -year Capital Improvement Program includes the following: <br />1. Annual Sediment Pond Cleaning $125,000 <br />2. County Ditch 43 Cleaning $1850,000 <br />3. Ramsey Town Center (RTC) Armstrong Boulevard $150,000 <br />4.3. CORRTC Bunker Lake Boulevard (Armstrong Blvd to Ramsey Blvd).. $580560,000 <br />$90,000 <br />$250680,000 <br />5. Wetland 656W Outlet <br />6 4. West Mississippi Outlet <br />5_Mix,issippi Subdistrict 1, Phase II $150.000 <br />6. Whispering Pines Estates Plat 2 Storm Sewer $330,000 <br />7. Annual Drainage Enhancements $675,000 <br />8. Stormwater Drainage Improvements —Treatment before discharge to River$410.000_ <br />9. Storm Sewer South of Bunker Lake Boulevard -COR $250,0000: <br />10. Garnet Street Reconstruction $198,000 <br />11. Reconstruction of Andrie Street/ 164? Avenue. . $1,020,600 <br />12. Reconstruction of Streets -Ford Brook Estates $237,600, <br />13. Alpine Drive Reconstruction $60,700 <br />14. Reconstruction of Streets — Stanhope Terrrace and North Forty $587,000, <br />7,15. <br />Total Current 5 -year Plan Expenditures $5,389,5001,775,000 <br />In additi n t the current 5 y ar Capital Impr vomont Plan, the impr vomonta <br />are rec mmended t rectify the potential pr blems identified in Section VI of this report: <br />1. Ong ing st rm system maintenance and infrastructure repairs $50,000/year <br />2. Retr fitting BMPs in previ usly devel ped areas $100,000/year <br />3. Overflow outfall construction $75,000/year <br />1. Miscellane us culvert installati n/replacement $25,000/year <br />Total Additional 5 year Plan Expenditures $1,250,000 <br />Section VII <br />February 20, 2015March 6, 2015 <br />Page 53 <br />