Agenda - Council - 05/13/2003 - Laserfiche WebLink

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Table A S unnnary of Major Costs for Nine Dirt Road Projects Alt. (a) Streets to well drained gravel road Grading Culverts Class 5 Turf Restoration Construction Overhead @ 30% Total $ 93,300 $ 61,200 $120,700 $ 23.300 $298,500 $ 89,550 $388,050 (31%) (21%) (40%) (8%) (t00%) (58% of Alt..(b) ) Alt. (b) Streets to paved condition Construction (a) above Bituminous_ Construction Overhead 30% $298,500 $214,100 $512,600 $1.53,800 $666,400 (172% of Alt. (a)) Discussion: You will recall that the current status of the Feasibility Study needs policy direction with regard to financing. The information presented in Table A would benefit 100 properties. Therefore, the · average cost per unit for each element is readily apparent. A primary decision is what type of subsidy, if any, should be offered as an incentive for improving dirt streets to a (a) well drained gravel road or (b) a paved street. If a subsidy incentive is offered, of what should it consist? Some consideration rni*~it be: (1) Set a cap on the special assessment to an individual property. (2) Provide a subsidy to the cost of ali, or a percentage of, the bituminous paving on/y. (3) Provide a subsidy as a percentage of the total project cost,, regardless of alternative a or b. (4) Provide a subsidy to the costs of driveway culverts to be financed out of the storrnwater utility. (5) Provide a set amount of money to be divided equally among all benefited parties. I I I I I I I I I I I I I I I I I I, I