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Capital Improvement Program 2016 thru 2020 <br /> City of Ramsey, Minnesota <br /> Project# 04-STRM-011 <br /> Project Name COR Bunker Lake Blvd(Armstrong to Ramsey Blvd) <br /> Type Improvement Department Stormwater Utility <br /> Useful Life 60 Years Contact Unassigned <br /> Category Storm Water Utility Improveme Priority 3-Existing Obligation(Med) <br /> Status Active <br /> Description Total Project Cost: $530,000 <br /> Upgrades Bunker Lake Blvd between Armstrong and Ramsey Blvds,necessitated by The COR Development. Upgrades include traffic signals at <br /> Rhinestone St.,Town Center Drive and Zeolite Streets adjacent to The COR. Offsite improvements include a traffic signal at Sunfish Lake Blvd. <br /> Total Cost for Bunker Lake Blvd._$4,520,000 <br /> Street Improvements: $3,650,000 <br /> Storm Water Improvements: $530,000 <br /> Water Utility Improvements: $340,000 <br /> Total Cost for Regional Roadway improvements=$14,607,860(Per JPA) <br /> Bonded amount$3,650,000 a, 10 years a,5%int=$468,274 annuall debt service <br /> Justification <br /> The construction of The COR will add additional traffic to Bunker Lake Blvd. This project will upgrade Armstrong Blvd and the intersection at <br /> Bunker Lake and Hwy 10 to better handle the traffic. <br /> See projects COR Armstrong,COR Hwy 10,COR Ramsey Blvd,and storm sewer south of Bunker Lake Boulevard. <br /> Expenditures 2016 2017 2018 2019 2020 Total <br /> Improvements Other than 530,000 530,000 <br /> Building Cost <br /> Total 530,000 530,000 <br /> Funding Sources 2016 2017 2018 2019 2020 Total <br /> Storm Water Utility Fund 530,000 530,000 <br /> Total 530,000 530,000 <br /> 111 <br />