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CITY OF RAMSEY <br /> 2{}04-2008 <br /> <br />CAPITAL IMPROVEMENT P ROGfLMM <br /> <br />PROJECT TITLE: Fire Stat;m #1 <br />IPROJECT TYPE: Municipal Building <br /> <br />[PROJECT YEAR: 1999-21100 (Construction <br />[TOTAL ESTIMATED COST: $1,6811,000 <br /> <br />2004 (Refinancing) <br /> <br />eROJECT DESCRIPTION AND LOCATION <br /> <br />;onsu'uction of' a second fire station at ]50th ,Avenue and Armstrong Boulevard. <br /> <br />PROJECT <br />SLar~ Date <br /> <br /> 2O 0~4 <br /> <br />PROJECT JUSTIFICATION <br /> <br />This project was included in the City of Ramsey CIP plan for the years of 1998, 1999, and 2000. <br />Wkh Ramsey's continued growth, a second building provides adequate emergency response to residents and ousinesses. <br />This project was currendy Mnded via a lease revenue bond through the CiD"s Economic Development Authority and the action <br />to be taken would require a refinancing of the bond issue. <br /> <br />SummaQ' of Total Project Costs: <br /> <br />A, Approximate total cost <br />B. Cost ah'cody recurred <br />C, Baiance of'cost to compiete <br /> <br /> Detail o£Total Cost Estimates <br /> i. Land Acquisition <br /> a. Site already acquired <br /> b. Site to be acquired <br /> c. Area required (acres} <br /> d. Total estimated cost <br /> <br /> 2. Building CosqConstructiou <br /> <br /> .3. improvements Other than Buildings Cost <br /> 4. Furnishings/Equipment <br /> <br />Total Project Costs <br /> <br />Source of Funding: <br /> <br />I. General Fund <br /> <br />2. Park Trust Fund <br /> <br />3. Landfill Trust Fund <br /> <br />4. MSA <br /> <br />5. Lawfal Gambling Fund <br /> <br />& Tax [ncrentent Fund <br /> <br />7. Pu~iic improvement Revolving Fund <br />g. Utilities <br /> <br />9. Other <br /> a. issuance of Lease Revenue debt <br /> b. issuance ofC[P aonded debt <br /> c. Sealcoatmg escrow <br /> d. Granm and aids <br /> ~. Inter-Fund loans <br /> :. Development fees <br /> ~. To be detemmmd <br /> Total otimr <br /> <br />-196- <br /> <br />Totai Sources of Funds <br /> <br />$ i.680,000 <br /> <br />s 1.580,000 <br /> <br />$ <br /> <br />$ <br /> <br />$ <br /> <br />$ <br /> <br />$ <br /> <br />$ <br /> <br />$ <br /> <br />$ <br /> <br />$ <br /> <br />2 ! 5.00o <br /> <br />].4dS,000 <br /> <br />i00.O00 <br /> <br />i,580.000 <br /> <br />i.680.000 <br /> <br />1.680.000 <br />!.680,900 <br /> <br /> Proposed Expen(li.tqr_es by Years iRefinancing} <br />]Prior 2003 $ 95.000 2006 <br /> <br />[ 2004 $ 60.000 2008 ~ <br />[ 211115 $ 70,000 TOTAL <br /> <br /> <br />