Agenda - Council - 02/10/2015 - Laserfiche WebLink

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Alternatives: Alternative Action #1 — Motion to adopt Resolution #15-02-036 ordering a Feasibility Report for Improvement Project #15-00, Division B; 2015 Street Maintenance Program Overlay Improvements. Alternative Action #2 — Motion to deny adoption of Resolution #15-02-036 at this time. Funding Source: The Feasibility Report will be completed in-house as part of staff's regular duties. No outside work or expenses are anticipated at this time. The City of Ramsey's 5 -year 2015 — 2019 Capital Improvement Plan (CIP) identifies the streets listed above as proposed 2015 mill and overlay improvements, which allows the City to utilize street reconstruction bonds to fund the improvements. Based on 2013 estimated costs, the City of Ramsey will need to fund approximately $11,000,000 for annual Street Maintenance Program projects over the 5 -year period from 2015 to 2019. This equates to an annual expenditure of $2,200,000 to fund all sealcoat, mill and overlay, and street reconstruction projects. The City currently budgets $500,000 annually for sealcoat projects, which means an additional $1,700,000 is needed annually to fund mill and overlay and street reconstruction projects. Per the recently adopted Special Assessments Policy, special assessments may be utilized to fund a portion of mill and overlay and street reconstruction projects. Staff therefore proposes to use street reconstruction bonds to fund the annual mill and overlay and street reconstruction projects, which will be paid back over time in part with special assessment proceeds. Based on preliminary cost estimates, the proposed 2015 mill and overlay projects amount to $644,100, and the 2015 street reconstruction project, Garnet Street and 168th Avenue, is estimated to cost $1,036,000 (does not include storm sewer, sanitary sewer and water main improvement costs which will be paid from the respective utility funds). This results in a total estimated cost of $1,680,100 for all 2015 proposed street reconstruction and mill and overlay projects, which is just short of the targeted $1,700,000. More details on estimated project costs and funding sources will be included in the Feasibility Report and will be discussed when the Feasibility Report is presented to Council for approval. Recommendation: Staff recommends approval of Alternative Action #1 to allow the 2015 Street Maintenance Program to proceed in a timely manner. Action: Approve or deny adoption of Resolution #15-02-036 ordering a Feasibility Report for Improvement Project #15-00, Division B; 2015 Street Maintenance Program Overlay Improvements. Resolution 15 02 036 2015 to 2019 CIP M&O Projects 2015 SMP M&O Projects Summary Attachments Form Review Inbox Reviewed By Date Diana Lund Diana Lund 02/04/2015 10:52 AM Grant Riemer Grant Riemer 02/04/2015 12:16 PM Len Linton Len Linton 02/04/2015 02:01 PM Kurt Ulrich Kurt Ulrich 02/05/2015 03:14 PM Form Started By: Bruce Westby Started On: 02/02/2015 01:15 PM