|
being updated, and that a presentation of costs for future year's programs would be presented at a
<br />future Public Works meeting. The inventory had been updated and was presented to the
<br />Committee. Below was a summary of the square yards of pavement which was programmed for
<br />program years 2003 through 2008.
<br />
<br />Street Maintenance Program Pavement Needs
<br /> Square yards Programmed
<br />
<br /> Overlays Programmed
<br />2003 308,115 434,082
<br />2004 91,486 193,210
<br />2005 26,788 407,731
<br />2006 50,419 170,790
<br />2007 0 105,409
<br />2008 67,966 95,350
<br />
<br />Applying the current unit prices, including project overhead, of $3.30 per square yard for
<br />overlays and $0.85 per square yard for sealcoats, results is the following costs necessary to
<br />finance the programmed need.
<br />
<br />Street Maintenance Project Financial Needs
<br />
<br /> Overlays Seflco~s Totals
<br />2003 $1,016,780 $368,969 $1,385,749
<br />2004 301,903 164,228 466,131
<br />2005 88,400 346,571 434,971
<br />2006 166,382 145,171 311,553
<br />2007 0 85,597 85,597
<br />2008 224,287 81,048 305,335
<br />Total6 Year Cost $1,797,792 $1,191,584 $2,989,376
<br />
<br />The inventory includes an amount of programming for Municipal State Aid (MSA) streets.
<br />Should the City elect to utilize MSA construction funds for the programmed needs on these
<br />streets, it is estimated that $378,376 could be deducted from the total needs above. Thus, a total
<br />of $2,611,000 would be needed over the next six years, or an average annual program of
<br />$435,167. Under the current policy of the City contributions, half of these funds and levying an
<br />assessment for the remaining funds, an annual City budget of $217,583 would be necessary. This
<br />level of City funding is higher than those of the recent years. Below is the level of a City cost
<br />participation in the previous five years of the Street Maintenance Project:
<br />
<br />City Share of Street Maintenance Project
<br />
<br />1998 208,026
<br />1999 123,703
<br />2000 196,909
<br />
<br />Public Works Committee/February 19, 2002
<br /> Page 2 of 11
<br />
<br />
<br />
|