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Revision date: 7/3/2024
<br />CITY OF LAKE ELMO Finance Dept Columns
<br />2025-2034 CAPTIAL IMPROVEMENT PLAN
<br />Incremental
<br />Increase Cash Goal from Jack 6/12/2024
<br />3%35%209,600.02$
<br />RESIDENTIAL STREET IMPROVEMENTS Grant %
<br />Assessment
<br />funded Debt
<br />Levy Funded
<br />Bond %Cash % 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 COMMENTS
<br />3M SETTLEMENT GRANT FUNDED STREET IMPROVEMENTS
<br />3M GRANT 2025 STREET IMPROVEMENTS: Homestead 100%1,315,000$ 1,315,000$ 1,315,000$ 3M-Grant (CDWSP Approved Neighborhood)
<br />3M GRANT 2026 STREET IMPROVEMENTS: Packard Park + Eden Park + 20th Street Circle 100%4,550,000$ 4,550,000$ 4,550,000$ 3M-Grant (CDWSP Approved Neighborhood)
<br />3M GRANT 2027 STREET IMPROVEMENTS: Tartan Meadows + Klondike 100%3,500,000$ 3,500,000$ 3,500,000$ 3M-Grant Required: Not included in current CDWSP
<br />3M GRANT 2028 STREET IMPROVEMENTS: Downs Lake Estates + Sunfish Ponds + The Forest 100%3,400,000$ 3,400,000$ 3,400,000$ 3M-Grant Required: Not included in current CDWSP
<br />-$
<br />ANNUAL STREET CAPITAL IMPROVEMENT PROJECTS -$
<br />2025 STREET AND UTILITY IMPROVEMENTS: 59th St Ct/55th St/Julep Way & 57th St/Jasper/Jerome/Irish Ct Street 30%62%8%2,620,000$ 2,620,000$ 786,000$ Assessment Revenue
<br />2026 STREET AND UTILITY IMPROVEMENTS: Lake Elmo Heights + Innsdale CDS + Inwood CDS Street 30%59%11%2,740,000$ 2,740,000$ 822,000$ Assessment Revenue
<br />2027 STREET IMPROVEMENTS: OACE Acres: Hidden Bay Tr/Birchwood/Cherrywood/Windbreak/Jack Pine/Deer Pond Street 30%56%14%2,755,000$ 2,755,000$ 826,500$ Assessment Revenue
<br />2028 STREET AND UTILITY IMPROVEMENTS: St. Croix's Sanctuary Street 30%53%17%2,450,000$ 2,450,000$ 735,000$ Assessment Revenue
<br />2029 STREET AND UTILITY IMPROVEMENTS: 50th Street + Hill Trail (combine with Low Pressure sewer ext. to Oakdale)Street 30%50%20%2,175,000$ 2,175,000$ 652,500$ Assessment Revenue
<br />2030 STREET AND UTILITY IMPROVEMENTS: Discover Crossing + Hilltop Street 30%47%23%2,200,000$ 2,200,000$ 660,000$ Assessment Revenue
<br />2031 STREET AND UTILITY IMPROVEMENTS: Tablyn Park Street 30%44%26%2,000,000$ 2,000,000$ 600,000$ Assessment Revenue
<br />2032 STREET AND UTILITY IMPROVEMENTS: Tapestry at Charlotte's Grove Street 30%41%29%3,915,000$ 3,915,000$ 1,174,500$ Assessment Revenue
<br />2033 STREET AND UTILITY IMPROVEMENTS: 36th & 37th Street + Irwin Ave; 47th/50th/Kimbro (Keats to Lake Elmo)Street 30%38%32%3,000,000$ 3,000,000$ 900,000$ Assessment Revenue
<br />2034 STREET IMPROVEMENTS: DeMontreville-Highlands Street 30%35%35%3,200,000$ 3,200,000$ 960,000$ Assessment Revenue
<br />-$
<br />RESIDENTIAL STREET IMPROVEMENT TOTALS 39,820,001$ 3,935,000$ 7,290,000$ 6,255,000$ 5,850,000$ 2,175,000$ 2,200,000$ 2,000,000$ 3,915,000$ 3,000,000$ 3,200,000$ 39,820,001$
<br />2,705,500$ 2,705,500$ 20%27,055,001$
<br />-$
<br />TRANSPORTATION IMPROVEMENTS 20,295$ 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 COMMENTS
<br />CITY STREETS/PROJECTS -$
<br />VILLAGE PARKWAY UP RAILROAD CROSSING & PRIVATE DRIVE CLOSURE (DOT 183913SD) & DOT 183811D UPGRADES Street 0%100%1,040,000$ 1,040,000$ 1,040,000$ New UPRR Crossing (Partial Developer XING Fees)
<br />HUDSON BLVD (MSA ROUTE) - GAP SEGMENT (Vahli-Hi -Bus Facility)Street 50%39%11%560,000$ 560,000$ 560,000$ Reconstruction ( MSA Fund use eligible) - Trail Connection
<br />HUDSON BLVD (MSA ROUTE) - GAP SEGMENT (Keats to Kramer Lake Overlook)Street 50%36%14%2,100,000$ 2,100,000$ 2,100,000$ Reconstruction ( MSA Fund use eligible) - Trail Connection
<br />SOUTH FRONTAGE ROAD (DEMONTREVILLE TRAIL TO KEATS AVENUE)Street 74%26%5,760,000$ 5,760,000$ 5,760,000$ SRF EOC -2019
<br />5TH STREET NORTH (KEATS AVENUE TO LAKE ELMO AVENUE)Street 30%47%23%4,600,000$ 4,600,000$ 4,600,000$ Partial Developer Paid or Reimbursement?
<br />-$
<br />COUNTY PROJECTS/CITY COST PARTICIPATION -$
<br />TH36-LAKE ELMO AVENUE (CSAH 17) INTERSECTION IMPROVEMENTS Street 89%11%5,000,000$ 2,500,000$ 2,500,000$ 5,000,000$ Cost Share Agreement pending. 2026-2027 Construction
<br />SOUTH FRONTAGE ROAD (KEATS AVENUE TO LAKE ELMO AVENUE)Street 86%14%3,000,000$ 1,000,000$ 2,000,000$ 3,000,000$ Potential MnDOT Funding TBD. 2026-2027 Construction
<br />MANNING AVENUE (CSAH 15)/HUDSON BOULEVARD SIGNAL IMPROVEMENTS Street 89%11%300,000$ 300,000$ 300,000$ Traffic Signal required when Hudson Boulevard intersection realigned.
<br />CSAH 13 -IDEAL AVENUE IMPROVEMENTS: PHASE 3 Street 86%14%1,000,000$ 1,000,000$ 1,000,000$ EOC TBD. No estimate completed. Cost share with developer needed
<br />CSAH 14 (KLONDIKE AVENUE to 39TH STREET)Street 80%20%1,000,000$ 1,000,000$ 1,000,000$ Monitor County CIP status. County Planning/Design in 2027
<br />CSAH 17 (CSAH 14 to 43RD STREET)Street 77%23%1,000,000$ 1,000,000$ 1,000,000$ Monitor County CIP status. County Planning/Design in 2028
<br />LAKE ELMO AVENUE & 39TH STREET TRAFFIC SIGNAL Street 77%23%500,000$ 500,000$ 500,000$ Project timing by County
<br />CSAH 6 AND INWOOD TRAFFIC SIGNAL IMPROVEMENTS Street 68%32%500,000$ 500,000$ 500,000$ Signal to replace 3-All way stop
<br />CENTRAL GREENWAY REGIONAL TRAIL (Hagberg: $120 + Keats/CSAH10)Street 100%0%-$ -$ Park Dedication Funds - Timing based on County
<br />CSAH 15 -MANNING AVENUE IMPROVEMENTS: CSAH 14 to 10th Street Street 65%35%1,002,500$ 2,500$ 1,000,000$ 1,002,500$ 2025 Construction (Rehab Project): Future 4-Lane Expansion TBD
<br />CSAH 15 -MANNING AVENUE IMPROVEMENTS: CSAH 14 to 58th Street Street 65%35%1,000,000$ 1,000,000$ 1,000,000$ Future 4-Lane Expansion TBD
<br />-$
<br />TRANSPORTATION IMPROVEMENT TOTALS 28,362,500$ 1,042,500$ 4,360,000$ 7,600,000$ -$ 1,000,000$ 6,100,000$ 5,760,000$ -$ 500,000$ 2,000,000$ 28,362,500$
<br />45,897,250$ 2,876,500$ 6,278,000$ 9,528,500$ 1,715,000$ 2,522,500$ 7,640,000$ 7,160,000$ 2,740,500$ 2,600,000$ 2,836,250$ 5,541,750$ 55,417,501$
<br />-$ 12%14%
<br />SANITARY SEWER IMPROVEMENTS 20,295$ 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 COMMENTS
<br />-$
<br />3M GRANT 2028 STREET AND UTILITY IMPROVEMENTS: SANITARY SEWER: Sunfish Ponds 100%380,000$ 380,000$ 380,000$ 100% Assessment for Sewer Costs
<br />2029 STREET AND UTILITY IMPROVEMENTS: 50th Street + Hill Trail (combine with Low Pressure sewer ext. to Oakdale)Sewer 100%1,685,000$ 1,685,000$ 1,685,000$ 100% Assessment for Sewer Costs
<br />2032 STREET AND UTILITY IMPROVEMENTS: Tapestry at Charlotte's Grove Sewer 100%1,000,000$ 1,000,000$ 1,000,000$ 100% Assessment for Sewer Costs
<br />I-94 LIFT STATION AND FORCEMAIN UPGRADE* (to be revised pending MetCo Final design)Sewer 86%14%900,000$ 900,000$ 900,000$ Schedule pending Met Council final design: Sewer Core Fund
<br />LAKE JANE TRAIL / JANE ROAD SANITARY SEWER EXTENSION - PHASE 1 Sewer 89%11%-$ TBD -$ Petition submitted / Scope and Cost TBD
<br />LAKE JANE TRAIL / JANE ROAD SANITARY SEWER EXTENSION - PHASE 2 Sewer 86%14%-$ TBD -$ Petition submitted / Scope and Cost TBD
<br />SE-5 LIFT STATION AND OVERSIZE + SE-6 LIFT STATION AND OVERSIZE Sewer 80%20%-$ SE-6 TBD SE-5 TBD -$ 100% Developer Paid if < 2030 Growth Area
<br />INWOOD AVENUE LIFT STATION AND FORCEMAIN IMPROVEMENTS Sewer 77%23%-$ -$ $6,800,000: Alternative Sewer to Oakdale Connection
<br />SANITARY SEWER OVERSIZING FOR SECTION 16 TRUNK SEWER EXTENSION Sewer 0%100%200,000$ 200,000$ 200,000$ Developer driven schedule (Sewer Core Fund)
<br />SANITARY SEWER OVERSIZING Sewer 0%100%386,400$ 25,920$ 40,000$ 50,000$ 38,640$ 38,640$ 38,640$ 38,640$ 38,640$ 38,640$ 38,640$ 386,400$ Sewer Core Fund
<br />SANITARY SEWER SYSTEM TOTALS 4,551,400$ 25,920$ 40,000$ 1,150,000$ 418,640$ 1,723,640$ 38,640$ 38,640$ 1,038,640$ 38,640$ 38,640$ 4,551,400$
<br />Total Assessment Revenue: $8,116,500
<br />Total Grant Funds: $12,765,000
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