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RAMSEY GATEWAY
<br />FUNDING STRATEGY PLAN
<br />4111 Investment Need (2025 Dollars)
<br />Construction Cost
<br />CSAH 56 (Ramsey Blvd)
<br />CSAH 57 (Sunfish Lake Blvd)
<br />ROW Cost
<br />CSAH 56 (Ramsey Blvd)
<br />CSAH 57 (Sunfish Lake Blvd)
<br />Project Development and Delivery Costs
<br />CSAH 56 (Ramsey Blvd)
<br />CSAH 57 (Sunfish Lake Blvd)
<br />$38M
<br />$48M
<br />$22M
<br />$15M
<br />$6M
<br />$9M
<br />Total Investment Need:
<br />$138M
<br />Secured Funding Sources
<br />Sources
<br />Funding Eligibility
<br />Funding
<br />Year
<br />Comment
<br />Const
<br />ROW
<br />Proj Dev
<br />State of MN - GO Bonds (2018)
<br />$2,000,000
<br />X
<br />X
<br />as of 2018
<br />Secured during the 2018 Legislative Session (Chapter 214, Article
<br />3, Section 7, Subdivision 1), ammended in 2019. To be used for the
<br />design and ROW costs associated with grade separation at Ramsey
<br />Blvd
<br />FHWA INFRA Grant
<br />$40,000,000
<br />X
<br />X
<br />9-30-23
<br />Deadline
<br />for Fed.
<br />Auth.
<br />Per statute, at the very latest INFRA grant FY 2020 funds must be
<br />obligated by September 30, 2023 and construction must begin
<br />within 90 days. $100M is the division line between "Large" and
<br />"Small" projects
<br />City of Ramsey
<br />$4,000,000
<br />X
<br />X
<br />X
<br />Flexible??
<br />Anoka County
<br />$4,000,000
<br />X
<br />X
<br />X
<br />Flexible
<br />Will likely include a combination of CSAH and Levy/Transportation
<br />Tax
<br />State of Mn - Rail Funds (2017)
<br />$1,500,000
<br />X
<br />X
<br />X
<br />Flexible
<br />$1.5M was secured under the 2017 Hanson Blvd RR Grade
<br />Separation Bonding Bill to assist with other grade separations
<br />within Anoka County - Funds were fully utilized on Hanson Blvd RR
<br />Grade Separation project, however, county has committed $1.5M
<br />of county funds on behalf of the bond funds.
<br />MnDOT
<br />$4,000,000
<br />X
<br />State FY 2026
<br />MnDOT CHIP funds from 2026
<br />State of MN - GO Bonds (2020 - 5th Special Session)
<br />$8,400,000
<br />X
<br />as of 2020
<br />Ramsey Blvd and Sunfish Lake Blvd are both eligible to utilize these
<br />bond funds
<br />MN Highway Freight Program
<br />$10,000,000
<br />X
<br />X
<br />X
<br />Federal
<br />FY 2025
<br />County Received Funding award notice on December 3, 2020
<br />2020 Met Council Regional Solicitation - Ramsey Blvd
<br />$10,000,000
<br />X
<br />Federal
<br />FY 2025
<br />State of MN - TH Bonds for Project Development
<br />Only
<br />(5th Special Session)
<br />$7,900,000
<br />X
<br />as of 2020
<br />The final details surrounding this funding source are still being
<br />worked out. Should be finalized in the next few weeks.
<br />Subtotal of Secured Funding Sources: $91,800,000
<br />Potential Funding Sources
<br />Sources
<br />Funding Eligibility
<br />Funding
<br />Year
<br />Comment
<br />Const
<br />ROW
<br />Proj Dev
<br />State of MN - LRIP GO Bonds
<br />$37,000,000
<br />X
<br />TBD
<br />Awaiting the 2021 legislative session to see what develops for a
<br />bonding bill.
<br />MnDOT TED Funds
<br />$7,000,000
<br />X
<br />X
<br />X
<br />Up to $10M has been awarded to projects during the past few
<br />solicitation cycles. TH eligible (more to come...)
<br />2022 Met Council Regional Solicitation - Sunfish
<br />Lake Blvd
<br />$10,000,000
<br />X
<br />Federal
<br />FY 2026/2027
<br />FY 2026 and 2027 federal funds
<br />MnDOT Local Partnership Program (LPP)
<br />$710,000
<br />X
<br />TBD
<br />Potential source of funds for frontage/backage road projects
<br />BNSF Participation
<br />$1,000,000
<br />X
<br />2023
<br />Need to begin discussing project details with BNSF soon.
<br />MnDOT Construction Administration
<br />$500,000
<br />X
<br />TBD
<br />Very low number, but just an estimate/placeholder
<br />2021 FHWA BUILD Grant
<br />$25,000,000
<br />X
<br />TBD
<br />Unsuccessful in 2019 and 2020, likely due to significant INFRA
<br />Grant award in 2020
<br />FHWA CRISI Grant
<br />$15,000,000
<br />X
<br />TBD
<br />Unsuccessful in 2019, possibly try again in 2021. Need to be
<br />sensitive of 80/20 match requirement depending on final funding
<br />arrangements
<br />Subtotal of Potential Funding Sources: $96,210,000
<br />Page 1 of 1
<br />Updated: 1/26/2021
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