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2025 thru 2034 <br />Capital Improvement Plan <br />Ramsey, MN <br />Project # 24-STR-011 <br />Project Name MSA- Bunker Lake Boulevard (Jackal St/CR 83) Pecan <br />Total Project Cost $826,965 Department Street Improvements <br />Type Improvement Category Street Improvement <br />Priority 1-Existing Obligation (High) Status Active <br />Useful Life 60 years <br />Description <br />Reconstruction of MSA Bunker Lake Boulevard between Jackal Street and Armstrong Boulevard. Includes addition of shared center lane. <br />Developer Fees: Oppidon paid $200,000 and PSD estimated $191,000 assessment <br />TIF 18 balance to offset MSA funds, an inter -fund loan will need to be established at the time the funds are used. <br />Justification <br />In accordance with the City's Pavement Management Program, each paved street within the City is scheduled to receive preventative maintenance on a regularly scheduled basis including reconstruction at the end of its useful life, <br />which is estimated to be 60 years based on the City's predominant sand subgrades. <br />Expenditures <br />Improvements Other than Building Cost <br />2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Total <br />O 826,965 <br />0 <br />O 0 0 0 0 0 <br />0 826,965 <br />Total <br />O 826,965 <br />0 <br />0 0 0 0 0 0 <br />0 826,965 <br />Funding <br />Sources 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Total <br />Public Improvement Revolving Fund <br />O 391,000 <br />0 <br />O 0 0 0 0 0 <br />0 391,000 <br />Tax Increment #18 <br />O 386,750 <br />0 <br />0 0 0 0 0 0 0 386,750 <br />Storm Water Utility Fund <br />O 49,215 <br />0 <br />O 0 0 0 0 0 <br />0 49,215 <br />Total <br />O 826,965 <br />0 <br />O 0 0 0 0 0 <br />0 826,965 <br />Produced Using Plan -It CIP Software 275 <br />