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3. Petitions for street improvements will be considered along with projects evaluated based <br />on pavement evaluation score. <br />4. Project costs will be assessed consistent with city assessment policy. <br />5. Public hearings will be held consistent with state statute to consider all PMP projects. <br />Financial implications: These projects have major financial implications for the city including <br />the following: <br />Sale of appro�mately two million dollars of general obligation bonds annually to <br />finance the improvement costs. <br />2. Expenditure of utility fund dollars to pay for the repairs needed to the e�sting utility <br />system. <br />3. Use of Municipal State Aid (MSA) dollars to fund the majority of the West Owasso <br />Blvd and Josephine Road projects. <br />4. Assessments levied in accordance with assessment policy. <br />Staff recommendation: The size of the proposed 2001 PMP is slightly less than previous years. <br />Although resident input is expected at the public hearing, staff feels that all the hearings can be <br />completed in one evening. It is recommended that public hearings for the 2001 PMP be <br />scheduled at the regular City Council meeting on Monday, February 12,200 1, at 7: 15 p.m. <br />RECOMMENDED COUNCIL ACTION: <br />Adoption of a resolution receiving the feasibility report and scheduling public improvement <br />hearings for 2001 PMP projects for February 12, 2001, at 7:15 p.m. <br />Prepared by: Debra Bloom <br />