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Capital Improvement Program 2016 thru 2020 <br /> City of Ramsey, Minnesota <br /> Project# PW-700 <br /> Project Name New Velocity Patcher <br /> Type Equipment Department Eqpt Replacement <br /> Useful Life 12 Contact <br /> Category Eqpt Replacement Priority 4-New Addition(Med) <br /> Status Active <br /> Description Total Project Cost: $250,000 <br /> Velocity patcher plus chassis <br /> Justification <br /> This piece of equipment would be usedd for patching potholes on public streets. <br /> Velocity patching or spray patching has proven to be an effective and safe way to fill potholes <br /> Expenditures 2016 2017 2018 2019 2020 Total <br /> Furnishings/Equipment 250,000 250,000 <br /> Total 250,000 250,000 <br /> Funding Sources 2016 2017 2018 2019 2020 Total <br /> Capital Equipment Certificates 125,000 125,000 <br /> Equipment Revolving Fund 125,000 125,000 <br /> Total 250,000 250,000 <br /> 87 <br />