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funded through Stormwater Funds. This leaves an estimated $2,328,270 unfunded. <br />If Franchise Fees were to end up being the City's funding source for street reconstruction and overlay projects, it <br />would take a year or more to build the fund balance up so projects could be fully paid through the fund. Municipal <br />State Aid System funds are available to pay for the reconstruction of Variolite Street in 2020 since Variolite Street <br />is an MSA route. In addition, approximately $203,000 is available from the unexpended street reconstruction funds <br />as recently discussed. <br />If the Public Works Committee provides consensus direction that Staff should proceed to develop the Variolite <br />Street reconstruction project for 2020, Staff would prepare a case for the July 23 City Council requesting <br />authorization to proceed with hiring consultants to collect topographic survey data, complete soil borings and <br />prepare a geotechnical report this summer/fall. <br />Staff will discuss alternate project scope and funding options in more detail during the meeting. Staff will also <br />discuss estimated costs for collecting soil borings, geotechnical data, and topographic survey in more detail during <br />the meeting. <br />Timeframe: <br />Staff estimates 10 minutes will be required to present this case and respond to questions. <br />Observations/Alternatives: <br />Staff is seeking consensus direction from the Public Works Committee on whether Staff should proceed to develop <br />the Variolite Street reconstruction project for 2020. <br />Funding Source: <br />Dependent on discussions. <br />Recommendation: <br />Staff recommends proceeding to develop the reconstruction of Variolite Street as a 2020 improvement project. This <br />project is currently listed in the 2019 — 2028 CIP as a 2022 street reconstruction project, but will likely be bumped <br />up to 2020 during Staff's evaluation of the 2020 — 2029 CIP. Even if it is not bumped up to a 2020 project, any <br />soils and survey data gathered this fall would remain useful for several years, at least. <br />Action: <br />Provide Committee consensus direction on whether Staff should proceed to develop the Variolite Street <br />reconstruction project for 2020. <br />Attachments <br />SPecial Assessments Policy <br />2015-2019 SROP Plan <br />Variolite St Accesses Map <br />Form Review <br />Inbox Reviewed By Date <br />Grant Riemer Grant Riemer 07/11/2019 02:55 PM <br />Kurt Ulrich Kurt Ulrich 07/11/2019 04:13 PM <br />Form Started By: Bruce Westby Started On: 07/11/2019 07:24 AM <br />Final Approval Date: 07/11/2019 <br />