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Capital Improvement Program 2016 thru 2020 <br /> City of Ramsey, Minnesota <br /> Project# 15-STR-011 <br /> Project Name 2018 Overlay Projects <br /> Type Improvement Department Street Improvements <br /> Useful Life 20 Years Contact <br /> Category Street Improvement Priority 3-Existing Obligation(Med) <br /> Status Active <br /> Description Total Project Cost: $753,700 <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 /> 2018 Projects: Woodland Green,North Forty 2nd,North Forty 3rd,Northfork Oaks,Northfork,Northfork 2nd,Northfork 3rd,Northfork Itasca <br /> Shores <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 753,700 753,700 <br /> Building Cost <br /> Total 753,700 753,700 <br /> Funding Sources 2016 2017 2018 2019 2020 Total <br /> GO Bonding(Road Funding) 602,960 602,960 <br /> Special Assessment-Bonded 150,740 150,740 <br /> Total 753,700 753,700 <br /> 134 <br />