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Capital Improvement Program <br />City of Ramsey, Minnesota <br /> <br />Project # <br /> <br />Project Name <br /> <br />2006 thru 2010 <br /> <br />05-SEW-001 <br />Northwest/Northeast Sanita~ Sewer & Watermain Ext <br /> <br />Description <br /> <br />Contact Unassigned <br />Department Sewer Utility <br />Type Improvement <br />Useful Life 50 Years <br />Category Sewer Utility Improvement <br />Priority fda <br />Total Project Cost 5;4,748,760 <br /> <br />To provide municipal sanitary sewer and water service to a service area northeast and northwest of its'current location <br />south Of the intersection of Sunfish Boulevard and Nowthen Boulevard. <br /> <br />Total Cost $14,794,000 Sewer Portion: <br />Developer Share $ 6,000,000 Principal <br />Total City Cost $ 8,794,000 Interest <br /> <br />$4,748,760 <br /> $2,461,560 (20 yr ~ 4.5%) <br /> <br />Total $7,210,320 <br /> <br />Justification <br /> <br />Responding to a petition for the extension of sewer and water, the City had a feasibility study done that outlined the <br />potential alignments of the sewer and water pipes nece..ssar7 to service this property. <br /> <br />Expenditures 2006 2007 2008 2009 2010 Total <br /> <br />improvements Other than Bull 4,748,760 4,748,760 <br /> <br />Total 4,748,760 4,748,760 <br /> <br />Funding Sources 2006 2007 2008 2009 2010 Total <br /> <br />GO Bonding 4,748,760 4,748,760 <br /> <br />Total 4,748,760 4,748,760 <br /> <br /> Revtsed 10/05 <br /> <br />-82- <br /> <br /> <br />