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Capital Improvement Program <br />City of Ramsey, Mirmesota <br /> <br />Project # 04-STR-003 <br />Project Nnme CounD, Road #116 (Dysprosium St. to CR #57) <br /> <br />Description <br /> <br />2006 th~.u 2010 <br /> <br /> Con tact <br />Department <br /> <br /> Type <br /> Useful Life <br /> Category <br /> Priority <br /> <br />Unassigned <br /> <br />Street Improvements <br /> <br />Improvement <br /> <br />20 Years <br /> <br />Street Improvement <br /> <br />n/a <br /> <br />Total Project Cast $700,000 <br /> <br />This project includes the improvement of CR #1 t 6 by extending a four-lane divided median section from <br />Dysprosium/Thurston Street to CR #57. This project also anticipates the signalization of County Road #57/County <br />Road #116 intersection and a trail. This project is a result of the County Road #116 Study. <br /> <br />City.. of Anoka Share -- $200,000 <br />Anoka County Share = $2,900,000 <br />Approximate Total City Cost - 26% = $700,000 <br /> <br />Justific,ation . , <br /> J <br />Coun~Road #t 16 is a major east/west transportation link across Anoka County. This roadway provides access to the <br />Ci~'s industrial land use base which includes Business Park 95, the AEC Energy Park, the future areas south of the <br />landfill and also Section 28. <br /> <br />Ex pen ditu res 2006 2007 2008 2009 2010 Total <br />Land Acquisition 100,000 100,000 <br />Improvements Other than 8uil 600,000 600,000 <br /> Total 700,000 700,000 <br /> <br />'Funding Sources 2006 2007 2008 2009 <br /> <br />2010 Total <br /> <br />Tax Increment Fund #2 700,000 700,000 <br /> <br />Total 700,000 700,000 <br /> <br /> Revised 10/05 <br /> <br />-134- <br /> <br /> <br />