CCP 04-19-2004 - Laserfiche WebLink

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. . . CIP Memorandum Apri114,2002 Page 3 The macro analysis indicates that current funding stream is adequate to fund the current 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 eurrent audit will identify the exact amount of funds currently in reserve and available to fund PMP improvements projects. Proposed PMP Improvements We have developed a proposed PMP Improvements Schedule (attached) to address sealeoating, overlay, drainage and reconstruetion work throughout the City. The improvements projects are based upon the neighborhood approach as has been endorsed by the Council 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 pavcment and drainage infrastructure. Our basis for prioritizing neighborhoods involves the consideration of several factors including: PCI values for neighborhood streets Condition/effectiveness of existing surface drainage system (or lack thereof) Condition of underground water and sanitary sewer utilities, necd for dig-up repairs Whether neighborhood streets meet City standards Whether neighborhood streets have eonerete curb and gutter Opportunity for significant improvement of water quality of neighborhood runoff Available State Aid and City funding Emergency Issues County construetion 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 neeessary following the Work Session and issued as a report in the near future.