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Rpr O1 02 09:22a City of Maplewood 651 748 3089 P.5 <br />PAVEMENT MANAGEMENT POLICY <br />� <br />CITY OF MAPLEWOOD <br />Financing: Unit assessment <br />Higherdensity residential: Considered individually for each <br />project <br />Residential unit: $1500 street <br />City contributes balance from general fund, etc. <br />6. S e a I <br />Includes: Pothole patching <br />Crack filling <br />Seal coat <br />Financing: All costs from city general fund or other sources <br />YEARSTOBEASSESSED <br />Assessments under the Pavement Management Program will be assessed as <br />follows (unless contrary to financing market conditions): <br />Pavement Procedt�re Years <br />Complete reconstruction 15 <br />Partial reconstruction 15 <br />Recycle and overlay 15 <br />Bituminous replacement 8 <br />Mill and overlay 8 <br />E. INTEREST RATE ON ASSESSMENTS <br />An interest rate on assessments will be charged 1% over the cost of bonds. <br />F. LIFE OF STREET PAVEMENT <br />The life expectancies differ with various street pavement procedures as listed <br />below: <br />Page 3 <br />