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Capital Improvement Program 2016 thru 2020 <br /> City of Ramsey, Minnesota <br /> Project# 15-STR-010 <br /> Project Name 2017 Overlay Projects <br /> Type Improvement Department Street Improvements <br /> Useful Life 20 Years Contact <br /> Category Street Improvement Priority 1-Existing Obligation(High) <br /> Status Active <br /> Description Total Project Cost: $353,800 <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 /> 2017 Projects: Riversbend and Hwy 10 <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 /> Expenditures 2016 2017 2018 2019 2020 Total <br /> Improvements Other than 353,800 353,800 <br /> Building Cost <br /> Total 353,800 353,800 <br /> Funding Sources 2016 2017 2018 2019 2020 Total <br /> GO Bonding(Road Funding) 265,350 265,350 <br /> Special Assessment-Bonded 88,450 88,450 <br /> Total 353,800 353,800 <br /> 133 <br />