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A similar option was considered for the western portion of the alignment, <br />bringing the trail closer to the Mississippi River. Potential impacts to flood <br />zones, wetland areas, and forested areas made this a less desirable alternative <br />than the preferred alignment. <br />V. PROJECT COST, FUNDING a SCHEDULE <br />SP 199-090-001 (Phase 1) <br />Estimate of Construction Cost: <br />Trail Related Costs: $366,967 <br />Anticipated Funding: <br />Type and amount of Federal and matching funds: <br />Federal (HSIP): $251,880 <br />City of Ramsey: $115,087 <br />This project is being amended into the 2014-2017 State Transportation <br />Improvement Program (STIP). <br />Federal fiscal year 2016 (AC 2015), Sequence # TBD <br />Estimated cost shown in STIP: $366,967 <br />Federal funding shown in STIP: $251,880 <br />SP 199-090-002 (Phase 2) <br />Estimate of Construction Cost: <br />Trail Related Costs: $1,264,772 <br />Anticipated Funding: <br />Type and amount of Federal and matching funds: <br />Federal (HSIP): $868,120 <br />City of Ramsey: $396,652 <br />This project is in the 2014-2017 State Transportation Improvement Program <br />(STIP). <br />Federal fiscal year 2016, Sequence # 1837 <br />Estimated cost shown in STIP: $1,264,772 <br />Federal funding shown in STIP: $868,120 <br />It is anticipated that a portion of this project will be constructed in advance of <br />the federal funding being available (SP 199-090-001 - Phase 1); an Advance <br />Construction Agreement will be requested from State Aid for Local <br />Transportation. The portion of the trail to be constructed in advance of the <br />federal funding becoming available is the eastern portion of the trail from just <br />west of the Mississippi West Regional Park to Armstrong Boulevard. The portion <br />of the project within the future Armstrong Boulevard Interchange area to the <br />SP 199-090-001 and SP 199-090-002 <br />Project Memorandum <br />May 2014 <br />Page 9 of 15 <br />