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Capital Improvement Program 2016 thru 2020 <br /> City of Ramsey, Minnesota <br /> Project# 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 Priority 1-Existing Obligation(High) <br /> Status Active <br /> Description 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/Outside Sources 868,200 868,200 <br /> Park Improvement Trust Fund 651,000 651,000 <br /> Total 1,519,200 1,519,200 <br /> 101 <br />