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Background:
<br />
<br />REVIEW STREET ~NTENANCE PROGRAM
<br />PROJECTED FUTURE COSTS
<br /> BY: Steven Jank0wski,' City. Engineer
<br />
<br />CASE # 1
<br />
<br />The 2005 street maintenance program" was Presented at the February meeting of the.
<br />Public Works Committee. At thatmeeting the Committee requested a review of the
<br />financing required for future: year programs.iAttached to this case is the antiCipated
<br />schedule for future programs tllr°ugh'the year 2011 which include~ each segment of the
<br />City's 154 miles of paved s~eets. BeloW 'are the anticipated project costs and funding
<br />necessary to finanCe this prOgram: ~
<br />
<br /> Sealcoat
<br />Year Assessed
<br />2006 $ 11,842
<br />2007 $ 349,833
<br />2008 $ 33,294
<br />2009 $ 233,732
<br />2010 $ 46,544
<br />2011 $ 138,572
<br />
<br /> Costs;
<br />Sealcoat
<br />DVlprs Escrw :
<br /> '33,400 .$
<br /> 41,539 $
<br /> 43,803 $
<br /> 76,543 $
<br /> -
<br />
<br />;ealcoat Overlay
<br />MSA Assessed
<br />105,893 $ 706,581'
<br />43,447 $ 386,791
<br />58,839 $ 384,500
<br />26,850 $ 157,686
<br />716 $ ' 137,865
<br />19,373 $ 332,658
<br />
<br /> Overlay
<br /> MSA
<br />$ 99,286
<br />$-
<br />$'2O2;5O8
<br />$ '64,872
<br />$ 93,183
<br />$
<br />
<br />Year Sealcoat Overlays
<br />2006 $151,136 $ 805,867
<br />2007 $ 434,819 $ 386,791
<br />2008 $135,936 $ 587,008
<br />2009 $ 337,125 $ 222,558
<br />2010 $ 47,260 $ 231,049
<br />2011 $157,945 $ 332,658
<br />
<br />Financing
<br />
<br /> Total
<br /> $ i 957,002
<br /> $82!,610'
<br /> $ 722,943
<br />
<br />· :$' 559,~84
<br /> $ 278,308
<br /> $: 490,603
<br />
<br /> Assess
<br />$ 359,212
<br />$ 368,312
<br />$ 208,897
<br />.$195,709
<br />$ 92,205
<br />$ 235,615
<br />
<br />City.
<br />$ 359,212 $
<br />$ 368,312 $
<br />$ 208,897 $
<br />$. 1.95,709 $
<br />$ 92,205 $
<br />$ 235,615 $
<br />
<br />.MSA
<br />205,179
<br /> 43,447
<br />261,347
<br /> 91,723
<br /> 93,899' $
<br /> 1'9,373 $
<br />
<br />The first two columns represent the total project costs, including overhead costs of
<br />approximately 20%, for the b,yo major!'typ.es 0fmaintenance which include sealcoats and
<br />bituminous overlays. These Costs are estimated at $0.80 and $4.10 per square yard
<br />respectively. The column labeled ',CitY" represents the amount required each year from
<br />the City general fund to suppOrt the pr6gram, whiCh is eqUal to the revenue obtained
<br />through special assessments since half.lofthe ·total Costs are assessed. Two additional
<br />funding sources are available to fund this program. Municipal State Aid Funds (MSA) are
<br />available for maintenance projects undertaken on MSA streets, and developer escrow
<br />have been set aside to defray the cost oftl~e first sealcoating following the construction of
<br />a street.
<br />
<br />Dev Escrw
<br />$ 33,4OO
<br />$ 41,539
<br />$ 43,803
<br />$ 76,54'3
<br />
<br />In 2004 the city has budgeted$300;000 for this program which was an increase over
<br />$250,000 in 2003 when the C!ty needed. :to reduce budgets to compensate for the
<br />reduction m state aid. Although die Ci!y,S share Of this program averages approximately
<br />$243,000 annually over the next Six yeats,~the projected expenditures for 2006 and 2007
<br />
<br />
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