Agenda - Council - 11/23/1993 - Laserfiche WebLink

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portion between Sunfish Lake Drive N.W. and Ramsey Boulevard N.W. will be more commercial and industrial in nature. It is contemplated that within the 1993 - 1999 time frame the entire roadway will be completed. Segments of the roadway have been in place since 1992 with additional improvements in 1993 as residential subdivision collectors. It is projected that the segments yet to be completed total just over $2 million and it is expected that about half of the total prqiect cost will be recovered through assessments. About 37% wilt be paid from the MSA fund and about 14% from the Tax Increment fund. It is expected that the portion east of Sunfish Lake Boulevard N.W., that which carries primarily residential traffic, wilt be assessment projects with either of the MSA or Tax Increment funds picking up the non-residential equivalent costs. It is projected that the commercial/industrial portion, serving as an east/west collector between Sunfish Lake Boulevard N.W. and Ramsey Boulevard N.W., will be funded by MSA and Tax Increment proceeds and not as assessment projects. Sunwood Drive N.W. from County 1994 Road #57 to Magnesium Street N.W. Sunwood Drive N.W. from Trunk Highway g47 to Erkium Street N.W. $ 825,000 - Assessment $ 275,000- TIF 1995 $180,000 - Assessment $ 60,000 - MSA Sunwood Drive N.W. from County 1996 Road #57 to County Road #116 $ 300,000 - MSA Sunwood Drive N.W. from County Road #56 to County Road #i 16 1999 $ 380,000 - MSA $ 2,020,000 Project #3 - 153rd Avenue Crosstown In 1991, 153rd Avenue N.W. was completed from County Road #5 to County Road #56; the segment between that location and Variolite Street N.W. has been completed for some time. Also the segment between County Road #83 and Highway #10 at the western edge of Ramsey, has existed for a number of years. What remains to be completed is the segment between Variolite Street N.W. and County Road #83. This is projected as a 1994-1995 project with an estimated cost of $530,000. It is contemplated that the Landfill Trust Fund, as a portion dedicated to park improvements, be used for acquisition of the property, with the balance of any acquisition costs and construction costs to be provided for by the MSA fund. The park allocation is suggested in that in addition to right-of-way acquisition, it is intended that all of the wetland area south of the right-of-way be purchased for eventual nature preserve. As was the case in the 1991 improvement, the MSA fund will provide for the entire cost of the roadway. It is suggested that, in addition to the roadway, an off-road mil be completed as an MSA eligible project expense. It is projected that the acquisition occur in 1994 with consumction in 1995. This will complete the crosstown that exists between Roanoke Street N.W., east of Trunk Highway #47 through the community to Highway #10, a distance of over four miles.