|
Capital Improvement Program
<br />2020 thru 2029
<br />City of Ramsey, Minnesota
<br />Department
<br />Street Improvements
<br />04-STR-014
<br />Unassigned
<br />Project #
<br />Contact
<br />Project Name
<br />COR Bunker Lake Blvd (Armstrong to Ramsey Blvd)Type
<br />Improvement
<br />Useful Life
<br />60 Years
<br />Category
<br />Street Improvement
<br />Priority4-New Addition (Med)
<br />StatusActive
<br />Total Cost
<br />$5,020,000
<br /> Description
<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 />Expenditures2020202120222023202420252026202720282029Total
<br />Improvements Other than 400,0004,620,0005,020,000
<br />Building Cost
<br />400,0004,620,0005,020,000
<br />Total
<br />Funding SourcesTotal
<br />2020202120222023202420252026202720282029
<br />MSA 350,000350,000
<br />Tax Increment Fund #2 1,500,0001,500,000
<br />Tax Increment Fund #1 1,000,0001,000,000
<br />Storm Water Utility Fund 530,000530,000
<br />Street Light Utility Fund 150,000150,000
<br />Water Utility Fund 340,000340,000
<br />Tax Increment Fund #14 400,000750,0001,150,000
<br />(BONDING)
<br />400,0004,620,0005,020,000
<br />Total
<br />182
<br />
<br />
|