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<br /> <br /> <br />Funds, and Stormwater Fund. The Pavement fund is the limiting factor in the amount of pavement <br />maintenance that can take place each year. Adequate funding is available in the Stormwater, Water and <br />Sewer Funds. <br /> <br />a. Pavement Funding for 2022. The Pavement fund is receives resources form the pavement levy, <br />water tower leases and any allocated positive fund balances. <br />Funding Source Amount Remarks <br />Pavement Levy $850,000 2021 is $750K. Goal to fully fund pavement needs is $1M. <br />Water Tower Lease $130,000 <br />Positive Fund Balance $200,000 This is an estimate based on past years. <br /> $1,180,000 <br /> <br />b. Pavement Fund Future. Currently the pavement fund as three funding sources; the Pavement <br />Levy, Water Tower telecom leases, and positive fund balances. The long term annual pavement need is <br />$1,050,000. The challenging in the short term is that there is approximately $8M of need in the next 5 <br />years with approximately $ 5-6M in funding projected. <br /> <br />COUNCIL ACTION REQUESTED: <br />Discussion and direction on 2022 Road Maintenance Project <br /> <br />Exhibits <br />A. Street Condition Map <br />B. Streets CIP (2021) <br />C. Mayors Priority List <br /> <br />