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Capital Improvement Program <br />City of Ramsey, Minnesota <br />Project # 15-STR-005 <br />Project Name Overlay Projects -Bonded <br />Type Improvement <br />Useful Life 20 Years <br />Category Street Improvement <br />Description <br />2016 ihru 2020 <br />Department Street Improvements <br />Contact <br />Status Active <br />Total Project Cost: <br />$2,663,800 <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 />2016 Projects: Sunwood Drive <br />2017 Projects: Riversbend and Hwy 10 <br />2018 Projects: Woodland Green, North Forty 2nd, North Forty 3rd, Northfork Oaks, Northfork, Northfork 2nd, Northfork 3rd, Northfork Itasca <br />Shores <br />2019 Projects: Brookview Estates, Meadow View, Flintwood Hills, Wood Pond Hills, Chestnut Ridge <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 />Prior Expenditures 2016 2017 2018 2019 2020 Total <br />644,100 I Improvements Other than 300,000 353,800 753,700 612,200 2,019,700 <br />Building Cost <br />Total <br />Total 300,000 353,800 753,700 612,200 2,019,700 <br />Prior Funding Sources 2016 2017 2018 2019 2020 Total <br />I 644,100 I GO Bonding (Road Funding) 296,000 265,350 602,960 489,760 1,654,070 <br />Total Special Assessment - Bonded 4,000 88,450 150,740 122,440 365,630 <br />Total 300,000 353,800 753,700 612,200 2,019,700 <br />154 <br />