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Capital Improvement Program 2016 thruu 2020 <br />City of Ramsey, Minnesota <br />Project # <br />15-STR-008 <br />Project Name Reconstruction Streets Stanhope Terr & North Forty <br />Type Improvement Department Street Improvements <br />Useful Life 60 Years Contact <br />Category Street Improvement <br />Description <br />Status Active <br />Total Project Cost: $1,351,800 <br />Reconstruction of streets in Stanhope Terrace: Ute Street, 153rd Lane, 154th Lane <br />North Forty: 163rd Lane, Alpaca st, Chameleon St. <br />Total Project Cost = $ 1,750,000 <br />Street Improvement: $1,351,800 <br />Storm Water Improvments: $ 398,200 *** <br />Justification <br />These streets are in poor condition and require reconstruction. The pavement has deteriorated beyond the point where an overlay could be <br />applied. This project will install concrete curb and gutter and storm sewer. <br />Expenditures <br />Improvements Other than <br />Building Cost <br />Total <br />2016 2017 2018 2019 2020 Total <br />1,351,800 1,351,800 <br />1,351,800 1,351,800 <br />Funding Sources 2016 2017 2018 2019 2020 Total <br />GO Bonding (Road Funding) 1,144,100 1,144,100 <br />Special Assessment - Bonded 207,700 207,700 <br />Total 1,351,800 1,351,800 <br />157 <br />