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2009 Estimated Costs - <br />• Costs were estimated to maintain a Pavement Surface Evaluation <br />and Rating (PASER) system rating of 7 or better on all 141.82 miles of <br />non -Municipal State Aid city streets (excludes 32.28 miles MSA <br />streets) . <br />• Costs included all costs required to maintain and reconstruct all non- <br />MSA streets assuming a 40-year life span, excluding initial <br />construction costs. <br />• Costs included 4 crackseal/sealcoats, 1 overlay + 1 reconstruction. <br />• Costs included 18% overhead. <br />• $3,200,000 = Annual cost to fund the SMP over 40 years (2011-2050). <br />• $9,588,203 = Total five year (2011-2015) cost to maintain all non-MSA <br />streets (= $1,917,640.60 annually). <br />• $72,401,106 = Total ten year (201 1-2020) cost to maintain all non-MSA <br />streets (= $7,240,1 10.60 annually). <br />City of I <br />RAMSEY <br />August 27, 2013 CC Workshop <br />LT SMP Costs & Funding Options) <br />