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Capital Improvement Program <br />City of Ramsey, Minnesota <br />2020 that 2029 <br />Project # 04-STR-014 <br />Project Name COR Bunker Lake Blvd (Armstrong to Ramsey Blvd) <br />Description <br />Total Cost $5,020,000 <br />Department <br />Contact <br />Type <br />Useful Life <br />Category <br />Priority <br />Status <br />Upgrades Bunker Lake Blvd between Armstrong and Ramsey Blvds, necessitated by the COR Development. Upgrades include traffic signals at Town Center <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 <br />2020 2021 2022 2023 2024 2025 2026 2027 2028 <br />Improvements Other than 400,000 4,620,000 <br />Building Cost <br />Total <br />400,000 4,620,000 <br />Funding Sources 2020 2021 2022 2023 2024 2025 2026 2027 2028 <br />MSA 350,000 <br />Tax Increment Fund #2 1,500,000 <br />Tax Increment Fund #1 1,000,000 <br />Storm Water Utility Fund 530,000 <br />Street Light Utility Fund 150,000 <br />Water Utility Fund 340,000 <br />Tax Increment Fund #14 400000 750,000 <br />(BONDING) <br />Total <br />400,000 4,620,000 <br />182 <br />