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<br /> <br /> Stormwater improvements have been made however <br />we should consider raising portions of the roadway as <br />part of the project. <br />Lydiard Ave, Circle <br />and Carman Rd <br />$108,600 67 Due to proximity these would be ideally be <br />completed at the same time as Kelly Avenue. <br />Spruce Place, Linden <br />Lane, Dahl Road & <br />Forest Lake <br />$ 174,000 69 <br /> <br />Spring Hill Road $ 490,200 70 <br /> <br />5. Funding. The projects will be funded with a combination of the Pavement Management Fund, Sewer <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 2023. The Pavement Fund receives resources from the pavement levy, <br />water tower leases and any allocated positive fund balances. <br />Funding Source Amount Remarks <br />Pavement Levy $1,000,000 2022 is $850K. <br />Water Tower Lease $130,000 <br />Positive Fund Balance $200,000 This is an estimate based on past years. <br /> $1,330,000 <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 />$1,000,000. The challenge in the short term is that there is approximately $6M of need in the next 4 <br />years with approximately $ 4-M in funding projected. <br /> <br />COUNCIL ACTION REQUESTED: <br />Discussion and direction on 2023 Road Maintenance Project <br /> <br />