|
3. Road Budgeting for 2017. The tables below depicts potential budgeting numbers for work proposed
<br />for 2017. The 2017 full width patching project listed is proposed in order to execute full width and depth
<br />patches on the worst sections of specific roads in order to extend the time until the recommended
<br />treatment for the entire road segment can be funded. Not included in the table is the potential for creating
<br />turn lanes on Old Crystal Bay Road for the school. In 2016 the Council approved providing $25,000 as a
<br />cost share for a turn lane. However recent meetings with school staff have indicated a change in the
<br />schools desire to cost share such improvements.
<br />a. 2017 Pavement Projects
<br />Estimated Cost 1 Pavement Fund
<br />Revenue Balance
<br />Estimated PMF balance from 2016
<br />Annual
<br />MSA Fund Balance
<br />(Percentage
<br />$250K
<br />Home
<br />Home
<br />Home
<br />$
<br />Cost
<br />Bond Pay off Transfer
<br />Points)
<br />Home
<br />(Median)
<br />755,200
<br />2016 Fund Balance Transfer
<br />$
<br />450,000
<br />$
<br />1,205,200
<br />Fox Street (OCB to Willow)
<br />$
<br />(617,604)
<br />$
<br />50% (total PMF
<br />Willow Road Trail Rehabilitation
<br />$
<br />68,901)
<br />$
<br />518,695
<br />Contracted Street Maintenance (Patching, striping
<br />and tree trimming)
<br />i
<br />Le $ 525,000)
<br />$272,000
<br />5.2%
<br />.876
<br />$20.61
<br />$48.84
<br />$98.55
<br />$208.05
<br />1000% (total
<br />$
<br />63,564
<br />$
<br />308,131
<br />Minnetonka Ave M&O
<br />$
<br />33,156
<br />PMF Levy
<br />274,975
<br />Minnetonka Highlands M&O
<br />$
<br />64,361)
<br />$
<br />210,614
<br />Feasibility Study for 2018 reconstructs
<br />$1,050,000}
<br />1 $797,000
<br />1 15.3%
<br />1 2.567
<br />$60.40
<br />1 $143.11
<br />1 288.79
<br />1 $609.66
<br />3. Road Budgeting for 2017. The tables below depicts potential budgeting numbers for work proposed
<br />for 2017. The 2017 full width patching project listed is proposed in order to execute full width and depth
<br />patches on the worst sections of specific roads in order to extend the time until the recommended
<br />treatment for the entire road segment can be funded. Not included in the table is the potential for creating
<br />turn lanes on Old Crystal Bay Road for the school. In 2016 the Council approved providing $25,000 as a
<br />cost share for a turn lane. However recent meetings with school staff have indicated a change in the
<br />schools desire to cost share such improvements.
<br />a. 2017 Pavement Projects
<br />Estimated Cost 1 Pavement Fund
<br />Revenue Balance
<br />Estimated PMF balance from 2016
<br />I I
<br />Estimated Cost
<br />MSA Fund Balance
<br />$
<br />319,000 ;
<br />2017 Levy
<br />$
<br />253,000
<br />$
<br />572,000
<br />Bond Pay off Transfer
<br />$
<br />183,200
<br />$
<br />755,200
<br />2016 Fund Balance Transfer
<br />$
<br />450,000
<br />$
<br />1,205,200
<br />Fox Street (OCB to Willow)
<br />$
<br />(617,604)
<br />$
<br />587,596 ;
<br />Willow Road Trail Rehabilitation
<br />$
<br />68,901)
<br />$
<br />518,695
<br />Contracted Street Maintenance (Patching, striping
<br />and tree trimming)
<br />$
<br />47,000
<br />$
<br />471,695
<br />2017 Full width patching project
<br />$
<br />(100,000)
<br />$
<br />371,695
<br />Northern Ave M&O
<br />$
<br />63,564
<br />$
<br />308,131
<br />Minnetonka Ave M&O
<br />$
<br />33,156
<br />$
<br />274,975
<br />Minnetonka Highlands M&O
<br />$
<br />64,361)
<br />$
<br />210,614
<br />Feasibility Study for 2018 reconstructs
<br />$
<br />24,000
<br />$
<br />186,614
<br />2017 Preventive Maintenance (Chip/crack sealing)
<br />$
<br />(150,000)
<br />$
<br />36,614
<br />b. MSA Streets Proposed for
<br />Reconstruction in 2017.
<br />I I
<br />Estimated Cost
<br />MSA Fund Balance
<br />Estimated balance from 2016
<br />$ 450,102
<br />I MSA Allotment 2017
<br />$ 352,528
<br />$ 802,630
<br />Debt Service 2017
<br />$ (142,861)
<br />$ 659,769
<br />Fox Street Reconstruction (Willow -Brown)
<br />$ (489,982)
<br />$ 169,787
<br />4. Road Budgeting for 2018. The tables below depicts potential budgeting numbers for work proposed
<br />to accomplish in 2018. The table assumes no chance to the levy.
<br />a. 2018 Pavement Projects Estimated Cost/ Pavement Fund
<br />Revenue I Balance
<br />Estimated PMF balance from 2017 $ 36,614
<br />2018 Le $ 253,000 $ 289,614
<br />2017 Fund Balance Transfer $ - $ 289.614
<br />
|