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CASE
<br />
<br />REVIEW STREET MAINTENANCE PROGR_&L¥I
<br />PROJECTED FUTURE COSTS
<br /> By: Steven Jankowski,. CitY Engineer
<br />
<br />Background:
<br />
<br />The 2005 street maintenance program was presented at the February meeting of the
<br />Public Works Committee. At that meeting the Committee requested a review of the
<br />financing required for future year plrograms. Attached to this case is the anticipated
<br />schedule for future programs through the year 2011 which includes each segment of the
<br />City's 154 miles of paved streets. Below are the anticipated project costs and funding
<br />necessary to finance this program:
<br />
<br />Year
<br />2008
<br />2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />
<br /> Cos~
<br /> Sealcoat Sealcoat Sealcoat
<br />Assessed Dvlprs Escr'w MSA
<br />$ 11,842 $ 33,400 $ 105,893
<br />$ 349,833 $ 41,539 $ 43,447
<br />$ 33,294 $ 43,803 $ 58,839
<br />$ 233,732 $ 76,543 $ 26,850
<br />$ 46,544 $ - $ 716
<br />$ 138,572 $ $ 19,373
<br />
<br /> Overlay
<br /> Assessed
<br />$ 706,581
<br />$ 386,791
<br />$ 384,500
<br />$ 157,686
<br />$ 137,865
<br />$ 332,658
<br />
<br /> Overlay
<br /> MSA
<br />$ 99,286
<br />$ -
<br />$ 202,508
<br />$ 64,872
<br />$ 93,183
<br />$
<br />
<br /> : Financing
<br />Year Sealcoat Overlays Total Assess City MSA
<br />2006 $151,136 $ 805,867 $ 957,002 $ 359,212 $ 359,212 $ 205,179
<br />2007 $434,819 $ 386,791 $ 821,610 $ 368,312 $ 368,312 $ 43,447
<br />2008 $135,936 $ 587,008 $ 722,943 $ 208,897 $ 208,897 $ 261,347
<br />2009 $ 337,125 $ 222,558 $ 559,684 $195,709 $195,709 $ 91,723
<br />2010 $ 47,260 $ 231,049 $ 278,308 $ 92,205 $ 92,205 $ 93,899
<br />2011 $157,945 $ 332,658 $ 490,603 $235,615 $ 235,615 $ 19,373
<br />
<br />The first two columns represent the total project costs, including overhead costs of
<br />approximately 20%, for the two major types of maintenance which include sealcoats and
<br />bituminous overlays. These costs are estimated at $0.80 and $4.10 per square yard
<br />respectively. The column labeled "City'] represents the amount required each year from
<br />the City general fund to support the program, which is equal to the revenue obtained
<br />through special assessments since half of the total costs are assessed. Two additional
<br />funding sources are available to fund this program. Municipal State Aid Funds (MSA) are
<br />available for maintenance projects undertaken on MSA streets, and developer escrow
<br />have been set aside to defray the cost of the first sealcoating following the construction of
<br />a street.
<br />
<br />b 2004 the city has budgeted $300,000 for this program which was an increase over
<br />$250.000 in 2003 when the City needed to reduce budgets to compensate for the
<br />
<br />$243,000 annually over the next six years, the projected expenditures for 2006 and 2007
<br />
<br />Dev Escrw
<br />$ 33,400
<br />$ 41,539
<br />$ 43,803
<br />$ 76,543
<br />
<br />$
<br />
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