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Capital Improvement Program 2016 tj„-11 2020 <br /> City of Ramsey, Minnesota <br /> J. , <br /> Project# 06-BLDG-001 <br /> Project Name Public Works Campus Building Improvements <br /> Type Buildings Department Capital Irnpr Bonding Project _ <br /> Useful Life 50 Years Contact <br /> Category Capital Improvement Bonding Priority 4-New Addition(Med) �, y <br /> ,f <br /> Status Active <br /> Description Total Project Cost: $16,906,500 <br /> This project contemplates acquisition of 25 acres for a new public works campus and construction of the first phase of buildings to serve the needs <br /> of the community. The 2006 salt storage building can be relocated to the site. <br /> CIP Act Criteria: <br /> 1. Conditions of City Infrastructure and Need for the Project: <br /> The present public works site is landlocked and current size cannot be expanded to <br /> meet expected future growth. <br /> 2. Demand for Improvement: <br /> As described above,the site doesn't meet the needs of the future. <br /> 3. Costs of the Improvement: <br /> Land: $3,000,000 <br /> Building: $13,906,000 <br /> 4. Availability of Public Resources: <br /> The project may be funded by a combination of general property tax levy and available <br /> resources on hand. hi addition,the bonds would be secured by the City's full faith <br /> and credit. <br /> 5. Relative Costs and Benefits of Alternative Uses of the Funds: <br /> There are no significant alternatives for funds designated for this project. <br /> 6. Operating Costs of the Proposed Investments: <br /> There would be no operating costs for the first five years. The land will be held <br /> and developed as growth occurs. <br /> 7. Options for Shared Facilities with Other Cities or Local Government: <br /> Not applicable;the site currently exists and is located next to current PW facility. <br /> 8. Level of Overlapping Debt: <br /> Justification <br /> The City population is projected to continue to grow. Staff has polled other municipalities that are currently the size of Ramsey's projected <br /> growth. This proposed area is the median size for a public works campus. The present campus island locked and cannot be expanded to meet <br /> this median size. This project anticipates land acquisition and the start of a public works campus that can grow as the city grows. <br /> Prior Expenditures 2016 2017 2018 2019 2020 Total <br /> 3,000,000 Building CosttConstruction 13,906,500 13,906,500 <br /> Total Total 13,906,500 13,906,500 <br /> 28 <br />