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<br />Capital Improvement Program <br /> <br />City of Ramsey, Minnesota <br /> <br />2007 thru 2011 <br /> <br />Contact Unassigned <br />Department Stormwater Utility <br /> <br />Project # <br /> <br />04-STRM-Oll <br /> <br />Type Improvement <br />Useful Life 50 Years <br /> <br />. <br /> <br />Project Name RTC Bunker Lake Blvd (Armstrong to Ramsey Blvd) <br /> <br />Category Storm Water Utility Improvem <br />Priority n!a <br /> <br />Total Project Cost $560,000 <br /> <br />Description <br /> <br />Upgrades Bunker Lake Blvd between Armstrong and Ramsey Blvds, necessitated by Ramsey Town Center Development. Upgrades include traffic <br />signals at Rhinestone St., Town Center Drive and Zeolite Streets adjacent to RTC. Offsite improvements include a traffic signal at Sunfish Lake <br />Blvd. <br /> <br />Total Cost for Bunker Lake Blvd. = $3,419,000 <br />Total Cost for Regional Roadway improvements = $14,607,860 <br /> <br />Bonded amount $560,000 5% int = $712,710 <br /> <br />Justification <br /> <br />The construction of Ramsey Town Center will add additional traffic to Bunker Lake Blvd. This project will upgrade Armstrong Blvd and the <br />intersection at Bunker Lake and Hwy 10 to better handle the traffic. <br /> <br /> <br />See <br /> <br /> <br />10 and RTC Ramse Blvd. <br /> <br />Expenditures <br /> <br />Improvements Other than Build <br /> <br />Total <br /> <br />2007 <br /> <br />2008 <br />560,000 <br />560,000 <br /> <br />2009 <br /> <br />2010 <br /> <br />2011 <br /> <br />Total <br />. 560,000 <br /> <br />560,000 <br /> <br />. <br /> <br />Funding Sources <br />GO Bonding <br /> <br />2007 <br /> <br />2008 <br />560,000 <br /> <br />560,000 <br /> <br />2009 <br /> <br />2010 <br /> <br />2011 <br /> <br />Total <br />560,000 <br /> <br />560,000 <br /> <br />Total <br /> <br />. <br /> <br />Revised 09106 <br /> <br />-189- <br />