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Capital Improvement Program 2019 thru 2028 <br />City of Ramsey, Minnesota <br />Project# 17-STR-003 <br />Project Name Reconstruction Streets: Riverdale Drive & Sect 07 <br />Description <br />Total Cost $1,381,160 <br />Department Street Improvements <br />Contact <br />Type Improvement <br />Useful Life 60 Years <br />Category Street Improvement <br />Priority 3-Existing Obligation (Med) <br />Status Active <br />Reconstruction of Riverdale Drive from Feldspar Street to Tungsten Street which is a MSA street Staff recommends using MSA funds to fund a portion of the costs based on availability <br />Reconstruction of roads in Section 07 unplatted, <br />Total Riverdale Drive Project Cost $854,480 <br />Street Improvements $776,800 <br />Storm Water Improvements $77,680 <br />Watermam Improvements $0 <br />Total Outlot 07 Unplatted Project Cost = $526,680 <br />Street Improvements $478,800 <br />Storm Water Improvements. $47,880 <br />Watermain Improvements $0 <br />Justification <br />Each paved street within the City is scheduled to receive preventative maintenance on a regularly scheduled basis including reconstruction at the end of its useful life, which is estimate to be 60 <br />years based on the City's predominant sand subgrades <br />Expenditures 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Total <br />Improvements Other than 1,381,160 1,381,160 <br />Building Cost <br />Total 1,381,160 1,381,160 <br />Funding Sources 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Total <br />MSA 500,000 <br />Special Assessment - 313,900 <br />Bonded <br />Storm Water Utility Fund 125,560 <br />GO Bonding (Road 441,700 <br />Funding) <br />Total <br />500,000 <br />313,900 <br />125,560 <br />441,700 <br />1,381,160 1,381,160 <br />203 <br />