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Capital Improvement Program 2016 thni 2020 <br />City of Ramsey, Minnesota <br />Project # <br />08-PARK-002 <br />Project Name Mississippi River Trail -West End <br />Type Improvement Department Park Improvements <br />Useful Life 20 Years Contact <br />Category Park Improvement <br />Description <br />Status Active <br />Total Project Cost: $1,519,200 <br />This project will complete the off -road Mississippi River Trail (MRT) in Ramsey, by the construction of the segment between the Armstrong <br />Boulevard Interchange and City Limits with Elk River within the ROW of Hwy #10. <br />Construction costs are estimated up to $868,200 in Federal funding as part of a trail grant in the amount of $1,120,000 (for two phases of the <br />MRT), with the local match of less than $396,000 from the Park Trust Fund. Contracted Engineering and Administration will be required for this <br />project at an estimated cost of $255,000, also from the Park Trust Fund, and is not grant eligible. <br />Justification <br />The MRT in particular, due to its National and Regional scope, is an important economic development `tool' as it relates to the benefits of tourism <br />associated with non-resident cyclists. Portions of the MRT are also United States Bike Route #45. <br />Expenditures 2016 2017 2018 2019 2020 Total <br />Improvements Other than 1,519,200 1,519,200 <br />Building Cost <br />Total 1,519,200 1,519,200 <br />Funding Sources 2016 2017 2018 2019 2020 Total <br />Grants and Aids 868,200 868,200 <br />Park Improvement Trust Fund 651,000 651,000 <br />Total 1,519,200 1,519,200 <br />107 <br />