ITEM 5.1 46' Street Option 2CITY OF
V CITY o
MINNESOTA
46' Streets - Option 2
State Aid -CIP
Year
2014
•
$1,614,798
70th St SA Reimbursement #1
-. Cost
($104,382)
Projected Revenue
$493,335
70th St SA Reimbursement #2
($258,929)
Nashua Ave MS SA Reimbursement #1
($165,411)
70th St SA Reimbursement #3
($158,051)
2015
$1,421,360
70th St SA Reimbursement #4
($286,154)
$546,225
70th St SA Reimbursement #5
($794,850)
2016
$886,581
70th St SA Reimbursement #6
($442,509)
$560,677
2017
$1,004,749
70th St SA Reimbursement #7
($430,779)
$589,483
85th St (Page to 84th St) Reclaim
($365,000)
85th St (Nashua Ave to McIver Ave) &
Maciver Ave (80th to 85th) Design
($100,000)
85th St (Nashua Ave to Mason Ave) ROW
($775,000)
2018
($76,547)
85th St (Nashua Ave to McIver Ave) &
Maciver Ave (80th to 85th) Construction
($2,000,000)
$655,706
85th St (Nashua Ave to Mason Ave)Design,
Observation, Staking and Contract Admin
($500,000)
2019
($1,920,841)
85th St (Nashua Ave to McIver Ave) &
Maciver Ave (80th to 85th) Construction
($2,100,000)
$688,491
2020
($3,332,349)
85th St (Nashua Ave to McIver Ave) &
Maciver Ave (80th to 85th) Construction
($200,000)
$722,916
2021
($2,809,434)
85th St (Nashua Ave to Page Ave)
Microsurface
($140,000)
$759,062
2022
($2,190,372)
No Scheduled Project Yet
$0
$797,015
2023
($1,393,357)
No Scheduled Project Yet
$0
$828,895
2024
($564,462)
No Scheduled Project Yet
$0
$862,051
2025
$297,589
No Scheduled Project Yet
$0
$896,533
2026
$1,194,123
Queens Ave Reclaim
($300,000)
$932,395
2027 $1,826,517
Assumption on revenue of 5% increase per year based on population growth of City through 2022 then 4%
Project Costs of projects inflated for inflation at a rate of 3% per year
** City is allowed to advance encumber upto 5 times their annual allotment
2/12/20185:\Municipal\AOTSEGO\315\2018\2018 CIP State Aid2018 CIP State Aid
3,278,530.00
85th St and MacIver
Funding
Max. Project Cost
$7,020,500
State Aid Street Funds
$5,475,000
Water and Sewer Trunk Funds
$1,039,500
Otsego Creek Fund
$506,000
As Shown Project Cost
$0
Minimum Project Cost
$5,706,000
State Aid Street Funds
$5,475,000
Otsego Creek Fund
$231,000
$0
As Shown Project Cost
$5,981,000
State Aid Street Funds
$5,475,000
Otsego Creek Fund
$506,000
$0