CCP 04-17-2006 - Laserfiche WebLink

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e . . 2006-20]0 C1P 2/16/2006 Page 4 will be reviewing the City's MSA fund balance to determine the amount that may be used towards this project. Emergencv Vehicle Prc-er!!pJiQn.(IOYP} Ramsey County has identified nine intersections in Arden Hills that currently do not have EVP installed. The intersection TH 10 and Highway 96, with an estimated cost of $9,500, will possibly be funded by Ramsey County and/or Mn/DOT as a part of their signal improvement project this summer. Three interseetions are shared with Shoreview; costs for these intersections would also he shared_ Shorevicw has budgeted for their upgrades to be completed in 2006_ At a minimum, staff believes that the eosts for the intersections shared with Shoreview (approximately $8,000) should be included in Arden Hills' 2006 improvement projects. The cost to upgrade the remaining five intersections is estimatcd at about $ I 8,000_ Costs incurred for the EVP project would be eligible for reimbursement from MSA funds_ Attached is a spreadsheet listing the intcrscctions and associated cost estimates for these improvements. FACTORS FOR FIJTlJRE PROJECTS MSA funds Staff will be meeting with Ramsey County staff to review the City's final costs for the Lexington Avenue reconstruction project and to determine which costs are eligible for reimbursement from MSA funds_ Once the review is complete and staff has a better understanding of the MSA fund balance, staff will be able to set aside amounts to be used for the MSA eligible unassigned projects_ City staff is sceking guidance from Council in prioritizing the unassigned projects listed on the current C1P_ General Capita1Fund Balanc~ While developing and modifying the CIP, it would be helpful to receive some direction from Council as to fund balances_ What is Council's level of comfort for a minimum balance? Where would Council like to see the balance at the cnd of the 5 year plan? We can have a more detailed and accurate discussion after the 2005 audited numbers are finalized in May_ Street rehabilitation s;ys;le The PMP Projects scheduled for 2007 to 2010 are based on current PCl ratings and current rehabilitation cycle as developed by URS_ Given the fund balances, it may be time to reevaluate the current cycle_ The support agreement Goodpointe Teclmologies proposed to us would be able to assist the City with the PMP budget analysis. What Goodpointe has done in the past with other communities is to run an analysis using the existing cyele and existing spending pattems_ Another scenario typically analyzed includes detennining a desired average PCl rating for the City and spending limit to dctcrmine how many years it will take to reach the desired goal. The average weighted PCl rating for Arden Hills as calculated by Goodpointe is 68.25. Goodpointe indicated that several other communities strive for an aver~ge PCI of around 75.