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<br />CASE # 1/ <br /> <br />eONSIDER FlNANeING FOR 160TH LANE PAVING PROJEeT <br />By: Steven Jankowski, City Engineer <br /> <br />Background: <br /> <br />The Trappers Ridge subdivision consists of a two lot subdivision which was platted at the <br />terminus of 160~ Lane in 2004. The westermnost 420 feet of 160~ Lane has not been <br />constructed, however a 66 foot road easement existed over the two properties at the end <br />of the paved street. It was subsequently determined that this easement was not <br />specifically dedicated to the City. As a resnlt the eity purchased the right of way from <br />these properties and the Trappers Ridge lot property O'WIler constructe,d his driveway <br />through the right of way to obtain ingress and egress to his lot. <br /> <br />Over the summer of 2005 staff had received phone calls from the property owners at the <br />end of l60th 4ne disputing the use of the drive access that had been construc~ed within <br />this right of way. By the time the issue was discussed at the September 2005 Public <br />W crks Committee meeting the neighbors appeared to have solved their dispute?, but <br />there was discussion about the permanent status of the road. The neighbors indicated that <br />"they preferred not to have a public road built. <br /> <br />At a February 7, 2006 City Council work session the Council addressed this issue that <br />was fOIW'arded to them at the September Public Works meeting. the Council agreed that <br />if a right of way is to be used by the general public it needs to be maintained by the City. <br />It directed that paving. of this segment of street be added to the program for street <br />improvements scheduled for. the summer of 2006. Bids were opened in July 2006 for <br />paving this segment of street. The cost was $45.419 which was considerably higher than <br />the $26,000 estimated and the project was not awarded, but was to be reconsidered at a <br />later date. The purpose of this case is to get direction on this project. <br /> <br />Ffuancing: <br /> <br />The cost of the project is estimated to be approximately $50,000. The funding for a <br />project including a street improvement such as this one would be eligible from the Public <br />Improvement Revolving Fund (FIR). This is the fund that fronts the costs Jor the special <br />assessments for the Street Maintenance program. The balance in the PIR fund will only <br />be around $450,000 ai year end not including any additional projects undertaken in 2007 <br />such as the Neon Street connection house purchase. A couple of years ,ago this fund had <br />over $2 million but since 2004 Oak Park Terrace, Ebony Street, and Welcomes Road <br />projects were financed from this fund. <br /> <br />-205- <br />