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Capital Improvement Program
<br />City of Ramsey, Minnesota
<br />2015 dim 2019
<br />Project # 15-STR-005
<br />Project Name Overlay Projects -Bonded
<br />Type Improvement
<br />Useful Life 20 Years
<br />Category Street Improvement
<br />Description
<br />Department Street Improvements
<br />Contact
<br />Priority 6-Planned
<br />Status Active
<br />Total Project Cost: $2,663,800
<br />Each paved street within the City is scheduled to receive preventative maintenance on a regularly scheduled basis, including reconstruction at the
<br />end of its useful life.
<br />2015 Projects: Hwy 10, Ramsey, Northfork Highlands, Northfork Oaks, Northfork Point, Pondvale Estates, Pondvale Estates 2nd, Rolling Green
<br />2016 Projects: AEC, Woodland Green, Sunwood Drive
<br />2017 Projects: Riversbend
<br />2018 Projects: Woodland Green, North Forty 2nd, North Forty 3rd, Northfork Oaks, Northfork, Northfork 2nd, Northfork 3rd, Northfork Itasca
<br />Shores
<br />2019 Projects: Brookview Estates, Meadow View, Flintwood Hills, Wood Pond Hills, Chestnut Ridge
<br />There is a total of $2.2M designated to roads annually
<br />Overlays will be assessed at 20% of cost
<br />Justification
<br />Regular scheduled maintenance safeguards the considerable investment the City has in its pavements by maximizing pavement life and
<br />minimizing emergency repairs.
<br />Overlaying streets provides additional pavement life. These streets are in good shape. They were selected based on Paser rating and time since
<br />last sealcoat.
<br />Expenditures
<br />2015 2016 2017 2018 2019 Total
<br />Improvements Other than
<br />Building Cost
<br />644,100 490,100 163,700 753,700 612,200 2,663,800
<br />Funding Sources
<br />Total 644,100 490,100 163,700 753,700 612,200 2,663,800
<br />2015 2016 2017 2018 2019 Total
<br />GO Bonding (Road Funding) 515,280 392,080 130,960 602,960 489,760 2,131,040
<br />Special Assessment - Bonded 128,820 98,020 32,740 150,740 122,440 532,760
<br />Total
<br />644,100 490,100 163,700 753,700 612,200 2,663,800
<br />Page 167
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