2013-11-26_PWETC_AgendaPacket - Laserfiche WebLink

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71 FINANCIAL IMPACTS 72 Staff is developing preliminary cost estimates for the projects at this time. We anticipate the 73 total work plan cost to be in the $3.5 to $4 million dollar range. The Street Infrastructure Fund 74 interest earnings support the local street Mill and Overlay program. Due to current construction 75 costs this level of program is not sustainable due to lower interest earnings. MSA street overlays 76 are proposed to be funded from the City's MSA account. Utility improvements are funded from 77 the respective Utility enterprise funds. The Park Renewal Program is the proposed funding 78 source for the sidewalk improvements on B -2 and Victoria St. Staff has discussed opportunities 79 for funding with the watershed districts for storm sewer system improvements and will continue 80 to pursue those funds where applicable. 81 The sealcoat, crack sealing, and major patching are funded from the street maintenance budget. 82 This budget is supported by the general fund tax levy and MSA maintenance allocation. Staff 83 recommends funding a program consistent with our pavement maintenance policies. 84 By taking action now, the Council will be authorizing staff to work on plans for the projects as 85 described. As project bids are opened, staff will bring individual contracts to the City Council 86 for approval. A detailed cost breakdown will be included with those Council Actions. 87 STAFF RECOMMENDATION 88 These improvements are recommended for construction in 2014. Additional utility 89 improvements may be identified at a later date and brought to the Council for authorization. All 90 projects will come back to the City Council for further action. 91 REQUESTED COUNCIL ACTION 92 Motion approving 2014 preliminary work plan for street and utility improvements. Prepared by: Duane Schwartz, Public Works Director Attachments: A: Map Page 3 of 3