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<br />#5 16 " �O
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<br />0 City Manager
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<br />From: Charles, V',, Honchellv Publile Works Director
<br />Re Infraistrctururl+e R+epl'acement, Resierve Fund
<br />Dur'i'ng the Bast, legislative session the state legislature Passed new law
<br />identified ar s' - ChaPter 465 wh,ioh lows ret y govemmenti to, esto lb lIsh a rese rve
<br />end whiIch may be, used only for the replacement of street's l bridges curbs and
<br />gutters,, and, storm sewers,.,
<br />city will for the first, time begin overlaying roadways whi�Ic u. have already been,
<br />asiseIs' ed the past' or paid, for by developers when these pavements, were built
<br />to, + iit' � st�andard�s, , This work would b�e donee at the same time roadway sub- b�aiseis
<br />a�id/I r c�i incriete aurb and g,utter would ble r'I+ paireld or re,pl iced,in order, o me
<br />�he roadway su �it' abi l�Ie and , t,o have a long li fe ,. It is the opin�ilon� "lo f our
<br />attIornley after, reviewing the law that sulch us'a�s are �pirlope�r and suitable for
<br />city use under t'hie new "law if the counis ,il woulI , so d ei i� vela m,
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<br />The methiod of obtaining m'ovi'es to establish and continue tbiis infrastructure"
<br />re �lacement fu id would 'e' Kro h a t'�x lIevy whi'c� cou ld be outs'i e the lee
<br />omits of the c'ommunit'y and mould restrict thle use of the monies to only the
<br />replacement' of the above referenced Infrastructure facili'ties ,,I It will require
<br />two-thirds vote of th coluncil and the establishment on an annual levy amount
<br />by the counic it . If after ten days after its establishmento a. petition is turned
<br />in that, contains, thie signatures f '% io � more of t hio s e that vo t Ied, in, the l a s
<br />enerial elelictions, then, the matter would be taken, to the public for a vote of
<br />,approval or, disapproval. Otherwise., It would fake affeic't' 10 days after the
<br />co'uncil acts and � u1bli,shies notice of its acct
<br />Due to t'hIe ant, ici iateId great difficulty that would s'urr' und any paten' al
<br />assIeiss uent heari,:i:ig,s for resurfacing roadways alre'ady assessed in the past ,I the
<br />need to have a dependable funding system for this multi year grogram l land the
<br />' unc'ertar n compet'i'tion for Ends as part of the general tax levy; this
<br />infrastructure a rose ve fund is +deco =endied ,
<br />, Y'ou May reIc ill the Pa ement Manages ent rog,rl'� anticipates startinig the
<br />resurfacing at a f'airl� low level f only a proximately mately twol -thirds rds of a mile
<br />Per Year for the first' few years.. During t'hIe latter �'��t Ian of the prog'r�
<br />hiowievier resurfacing is anticipated do be a commIon and cost, effectIvie t'echniquie
<br />which would 'be utilizIed Morie frequently. The c'urrient plan is, to start at
<br />two- thirIdis of a Mile per Year,, and ultimately and pp'ro'x matey two an two--
<br />thirIdIs miles' Pler dear. At an estil ma eld cost of $1150,01100 Per mile at c'u'rrent'
<br />cosh,, this would mean that approxi atiel'y' $ would be nieedeld the, first
<br />year and approximately $140,09,000 per year in the I'a't''ter years .
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