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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2016 thrtu 2020 <br />Project # 15-STR-011 <br />Project Name 2018 Overlay Projects <br />Type Improvement Department Street Improvements <br />Useful Life 20 Years Contact <br />Category Street Improvement Priority 3-Existing Obligation (Med) <br />Description <br />Status Active <br />Total Project Cost: $753,700 <br />Each paved street within the City is scheduled to receive preventative maintenance on a regularly scheduled basis, including reconstruction at the <br />end of its useful life. <br />2018 Projects: Woodland Green, North Forty 2nd, North Forty 3rd, Northfork Oaks, Northfork, Northfork 2nd, Northfork 3rd, Northfork Itasca <br />Shores <br />There is a total of $2.2M designated to maintain streets annually. <br />Overlays will be assessed at 25% of cost <br />Justification <br />Regular scheduled maintenance safeguards the considerable investment the City has in its pavements by cost effectively maximizing pavement life <br />and minimizing emergency repairs. <br />Overlaying streets provides additional pavement life. These streets were selected based on Paser rating and time since last pavement maintenance <br />treatment. <br />Revisit Program for 2020-2025 <br />Expenditures <br />Improvements Other than <br />Building Cost <br />Total <br />2016 2017 2018 2019 2020 Total <br />753700 753,700 <br />753,700 753,700 <br />Funding Sources 2016 2017 2018 2019 2020 Total <br />GO Bonding (Road Funding) 602,960 602,960 <br />Special Assessment - Bonded 150,740 150,740 <br />Total 753,700 753,700 <br />149 <br />