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determined by PMP software and budget modeling, with the program working <br />well overall, especially when interest rates were higher. Mr. Schwartz noted that <br />there were now some funding shortfalls based on reduced interest earnings, with <br />additional review needed for potential revision to achieve the goal to maintain <br />current overall pavement conditions throughout the community. <br />Discussion included clarifying that CIP monies covered reconstruction and/or mill <br />and overlay of residential streets; with the regular operating budget only covering <br />crack sealing, crosswalks, messages, and seal coating. <br />Pathways/Parkin.~ Lots <br />Mr. Schwartz noted that this was for management of all pavements, currently <br />funded at $140,000 annually, with pavement software used to maintain conditions <br />and utilize resources, with predictions that increased funding levels were <br />indicated; and that this was only for management and reconstruction of existing <br />pavements, but didn't include build out of pathways identified in the Master Plan <br />or new pathway construction. <br />Member Vanderwall noted the City's Policy supporting Complete Streets, and the <br />need to fund accordingly. <br />Enterprise Funds <br />Water, Sanitary Sewer <br />Mr. Schwartz reviewed the enterprise funds and rates for each program; and <br />provided maps of existing pipe materials and replacing the old water system of <br />cast iron pipes built in the early to mid-1960's; new materials and respective <br />depreciation, all built into the rate structures. Mr. Schwartz reviewed the phasing <br />for replacement of infrastructure components and ongoing financial analysis by <br />staff as well as ongoing technological and product improvements. Mr. Schwartz <br />noted that it would require a 2.5 - 3% increase in utility fees over and above <br />operational costs over the next ten (10) years to maintain funding for those items <br />identified on the CIP. <br />Discussion included lining of existing lines versus open cutting and replacements <br />for water mains as well as sewer lines; any reconstruction projects within the City <br />having cast iron lines automatically replaced as part of those projects to take <br />advantage of cost-sharing opportunities; as well as replacing those lines in areas <br />experiencing frequent breaks <br />Member Vanderwall noted the need to proactively educate the public on these <br />funds for their awareness of the rationale behind rate increases. <br />Chair DeBenedet noted the human health and safety situations addressed as part <br />of these vital considerations for a community's water and sewer systems. <br />Page 9 of 11 <br />