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<br /> <br />Spring Hill Road $ 529,500 51 Suffering from stripping (separation of wear and base <br />course) and settlement above utility crossings. <br />Dickey Lake Drive $ 388,400 59 <br />Ferndale Road West $ 181,800 61 <br />Spruce Place, <br />Linden Lane, Dahl <br />Road, Loma Linda <br />& Forest Lake <br />$ 371,800 60 <br />Fagerness Point <br />Road, Webb, and <br />Concordia <br />$336,900 62 <br /> <br />Crestview Avenue $ 123,700 69 Road area and neighborhood suffer from draining issues <br />that could be addressed in conjunction with a road project. <br /> <br />5. Pavement Funding. The projects will be funded with a combination of the Pavement Management <br />Fund, Sewer Funds, and Stormwater Fund. The Pavement fund is the limiting factor in the amount of <br />pavement maintenance that can take place each year. Adequate funding is available in the Stormwater, <br />Water, and Sewer Funds. <br /> <br />a. Pavement Funding for 2024. The Pavement Fund receives resources from the pavement levy. <br />The levy for 2023 is $1,000,000. This is the amount the 2014 Pavement Management Study established <br />as the needed revenue to keep up with the pavement maintenance needs of the City. Adjusted for a <br />modest 2% Construction inflation index per year the amount for the 2024 levy should be $1,220,000. <br /> <br />b. Pavement Funding for the Future. After 2024 the pavement levy should be adjusted for <br />inflation. Assuming a 2% inflation, that level of funding should allow the City to complete all of the <br />projects listed in section 4 above and increase the preventive maintenance portion to $100,000/year by <br />2028. <br /> <br />6. Municipal State Aid Roads (MSA). The city receives approximately $450,000 / year from the state <br />MSA fund. The city is paying an annual debt service of $140,000 / year on some street maintenance <br />bonds from the MSA fund. The debt service is scheduled to be paid off in 2026. In 2018 the city took a <br />five-year advance in order to reconstruct Old Crystal Bay Road. The fund is projected to have a positive <br />balance again in 2024. The following MSA roadways are in need of maintenance. <br />Road Pavement <br />Cost Estimate <br />PCI Remarks <br />Willow Drive N <br />(Kelley Parkway to <br />CSAH 112) <br />$ 92,000 50 This section of road way is to be included in the CSAH <br />112 Turnback Phase 3 project currently slated for 2024. <br />Brown Road N <br />(CSAH 112 to <br />CSAH 6) <br />$ 706,900 60 Looking at a 2025 project. <br /> <br />COUNCIL ACTION REQUESTED: <br />Direction on 2024 Road Maintenance Project <br /> <br />