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Alternative #2 — Motion of other. <br />Funding Source: <br />Total construction costs for the proposed improvements are estimated to be $102,050,000. <br />The City's lump sum project cost share is set at $4,000,000. The City's first payment of $1,500,000 will be <br />required at the time of award for the widening project, scheduled for Spring/Summer of 2023. The City will then <br />be required to pay another $1,000,000 on March 1, 2024, and another $1,500,000 on March 1, 2025. The City's <br />lump sum contribution will cover the City's share of project costs for design, right-of-way acquisitions, <br />construction, and construction engineering expenses. <br />The City lump sum contribution is proposed to be funded with $2,000,000 of Public Improvement Revolving <br />(PIR) Funds and $2,000,000 of Municipal State Aid (MSA) Funds per attached sheets 201 and 202 from the <br />2023-2032 Capital Improvement Program. <br />Recommendation: <br />The City Attorney has reviewed and approved the attached JPA as to legal form. <br />Staff recommends approving the attached Joint Powers Agreement. <br />Outcome/Action: <br />Motion to adopt Resolution #23 -074 approving the Joint Powers Agreement for Improvement Project #20-11, <br />Ramsey Gateway Highway 10 Improvements, Anoka County Contract No. C0009284. <br />Resolution 23-074 <br />JPA <br />JPA Exhibit A <br />Restrictive Covenants <br />CIP Sheets 201 and 202 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 04/06/2023 03:52 PM <br />Form Started By: Bruce Westby Started On: 04/05/2023 08:28 AM <br />Final Approval Date: 04/06/2023 <br />