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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2019 thru 2028 <br />Project# 04-STR-014 <br />P ojectName COR Bunker Lake Blvd (Arm strong to Ram sey Blvd) <br />Description <br />Total Cost $4,870,000 <br />Department Street Improvements <br />Contact Unassigned <br />Type Improvement <br />Useful Life 60 Years <br />Category Street Improvement <br />Priority 4-New Addition (Med) <br />Status Active <br />Upgrades Bunker Lake Blvd between Armstrong and Ramsey Blvds, necessitated by the COR Development. Upgrades include traffic signals at Town Center Drive. <br />Total Cost for Bunker Lake Blvd. _ $4,870,000 <br />Street Improvements: $3,650,000 <br />Bunker & Sunwood Signal: $350,000 <br />Storm Water Improvements: $530,000 <br />Water Utility Improvements: $340,000 <br />Total Cost for Regional Roadway improvements = $14,607,860 (Per JPA) <br />Justification <br />The construction of the COR will add additional traffic to Bunker Lake Blvd. This project will upgrade Bunker Lake Blvd to handle traffic from the COR. <br />Expenditures 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Total <br />Improvements Other than 4,870,000 4,870,000 <br />Building Cost <br />Total <br />4,870,000 4,870,000 <br />Funding Sources 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Total <br />MSA 350,000 350,000 <br />Tax Increment Fund #2 1,500,000 1,500,000 <br />Tax Increment Fund #1 1,000,000 1,000,000 <br />Storm Water Utility Fund 530,000 530,000 <br />Water Utility Fund 340,000 340,000 <br />Tax Increment Fund #14 1,150,000 1,150,000 <br />(BONDING) <br />Total <br />4,870,000 4,870,000 <br />192 <br />