CCP 04-19-2004 - Laserfiche WebLink

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CIP Memorandum Apri114,2002 Page 3 . The maero analysis indicates that current funding stream is adequate to fund the eurrent PMP needs. In addition to the funding stream, a substantial amount of capital reserves have been accumulated by the City as a result of low investments in the PMP from 1999-2002, The current audit will identify the exaet amount of funds eurrently in reserve and available to fund PMP improvements projects. Proposed PMP Improvements We have developed a proposed PMP Improvements Schedule (attached) to address sealcoating, overlay, drainage and reconstruction work throughout the City. The improvements projects are based upon the neighborhood approaeh as has been endorsed by the Couneil in the fall of 200 I, The proposed project scopes are within budget parameters outlined above and reflect a higher early investment in reconstruction to get ahead of the pavement failure curve, Our overall ranking of neighborhoods is similar to the priorities developed in 1999 and 2002 during previous reviews of the City's pavement and drainage infrastructure, Our basis for prioritizing neighborhoods involves the consideration of several faetors including: PCI values for neighborhood streets Condition/effectiveness of existing surface drainage system (or lack thereof) Condition of underground water and sanitary sewer utilities, need for dig-up repairs Whether neighborhood streets meet City standards . Whether neighborhood streets have eoncrete curb and gutter Opportunity for significant improvement of water quality of neighborhood runoff Available State Aid and City funding Emergency Issues County construction projects on adjacent roadways Major development/redevelopment projects Neighborhood petitions Opportunities to include planned trail improvements (per PTRC) with roadway Work Session The proposed CIP improvements including PMP, trails, watermain, sanitary sewer, and storm sewer for 2005 .-- 2009 will be presented to the Council for discussion and input at the worksession. The CIP will be revised as necessary following the Work Session and issued as a report in the near future. .