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2 <br /> <br /> <br />2. Maintenance Budgeting. Since the May work session, staff has been working on the preliminary <br />budget for 2016. As part of that process, I created a line in the PW budget for preventative maintenance. <br />It currently reflects the following costs. For the purpose of levy impacts crack sealing is not included. <br />Maintenance Budget Streets Currently Projected for Preventative Maintenance <br />Crack Seal $ 13,034 As required (assumes48 miles of road, 1/7 crack sealed per year; assume 1 transverse crack <br />(24ft) every 100 ft of road) <br />Seal Coating $ 120,337 <br />Cherry Avenue <br />Cherry Place <br />Concordia Street <br />Corral Road <br />Elmwood Avenue <br />Fagerness Point Road <br />Highwood Road <br />Fairview Cottage Lane <br />Fox Ridge Road <br />Grandview Avenue <br />Loma Linda Avenue <br />North Arm Lane <br />Park Drive <br />Railroad Avenue <br /> <br />Spruce Place <br />Webb Street <br />Orchard Beach Place <br />Highwood Lane <br />Linden Lane <br />Maple Place <br />Minnie Avenue <br /> <br />Mill and Overlay $ 332,456 Chevy Chase Rd., Tamarack Dr., Hunter Dr <br />Seal Coating and <br />Mill and Overlay $ 452,793 <br /> <br /> <br />3. Reconstruction. The 10 year plan presented at the May 26th Work Session listed the following <br />reconstruction work for 2016. Currently there is enough money projected to be available in the MSA <br />funds for the MSA projects so they are not included in the levy impact analysis. <br />Type of Work <br />Estimated <br />Cost <br />Projects <br />MSA $868,470 Water Town Road Phase 2 <br />City Funded $276,913 <br />Watertown Road with Long Lake($133,800); <br />West Lafayette ($143,117) <br /> <br />4. Levy Impacts. At the May 26th Work Session, I presented the Council with a 10 yr by street program <br />for accomplishing the City’s Pavement Management Plan. After distributing the requirements over time, <br />the additional required resources as $550,000/ yr for Maintenance and $500,000/yr for Reconstruction. <br />The first table (a) below shows the impact of these costs on the Levy. The second Table (b) depicts the <br />impacts on the levy of the current draft budget for Preventative Maintenance and the Reconstruction <br />recommended in the 10 yr plan. It does not include any funds to start building the Pavement management <br />fund for future projects. The third table reflects the levy impact of only funding the Watertown Road <br />project shared with Long Lake. <br /> <br />a. Tax Levy Impacts of Fully Funding Street Maintenance & Reconstruction Requirements <br />Type of <br />Street Work <br />Annual <br />Cost <br />($) <br />Levy <br />Increase <br />(%) <br />Tax Rate <br />Increase <br />(Percentage <br />Points) <br />Tax <br />Impact <br />on <br />$250K <br />Home <br />Tax <br />Impact on <br />$546K <br />Home <br />(Median) <br />Tax <br />Impact <br />on $1M <br />Home <br />Tax <br />Impact <br />on $2M <br />Home <br />Maintenance 550,000 11.53% 2.02 $47 $100 $227 $480 <br />Reconstruct 500,000 10.48% 1.84 $43 $91 $207 $436 <br />Total 1,050,000 22.00% 3.86 $90 $191 $434 $916 <br /> <br />b. Tax Levy Impacts of Funding Street Maintenance & Reconstruction Requirements <br />Type of <br />Street Work <br />Annual <br />Cost <br />($) <br />Levy <br />Increase <br />(%) <br />Tax Rate <br />Increase <br />(Percentage <br />Points) <br />Tax <br />Impact <br />on <br />$250K <br />Home <br />Tax <br />Impact <br />on $546K <br />Home <br />(Median) <br />Tax <br />Impact <br />on $1M <br />Home <br />Tax <br />Impact <br />on $2M <br />Home <br />Maintenance 452,793 9.49 1.66 $39 $82 $187 $395 <br />Reconstruct 276,913 5.80 1.02 $24 $50 $114 $242