|
% of Pavement
<br />Additional
<br />Levy
<br />Tax Rate
<br />Tax
<br />Tax
<br />Tax
<br />Tax
<br />Requirement
<br />Annual
<br />Increase
<br />Increase
<br />Impact
<br />Impact on
<br />Impact
<br />Impact
<br />funded
<br />Cost
<br />(%)
<br />(Percentage
<br />on
<br />$546K
<br />on $1M
<br />on $2M
<br />$
<br />($)
<br />$
<br />Points)
<br />$250K
<br />Home
<br />Home
<br />Home
<br />518,695
<br />Contracted Street Maintenance (Patching, striping
<br />and tree trimming)
<br />$
<br />47,000
<br />Home
<br />Median
<br />2017 Full width patching project
<br />$
<br />50% (total PMF
<br />$
<br />371,695
<br />Northern Ave M&O
<br />$
<br />(63,564)
<br />$
<br />308,131
<br />Le $ 525,000)
<br />$272,000
<br />5.2%
<br />.876
<br />$20.61
<br />$48.84
<br />$98.55
<br />$208.05
<br />100% (total
<br />210,614
<br />Feasibility Study for 2018 reconstructs
<br />$
<br />24,000
<br />$
<br />186,614
<br />2017 Preventive Maintenance (Chip/crackscaling)
<br />PMF Levy
<br />(150,000)
<br />$
<br />36,614
<br />$1,050,000)
<br />$797,000
<br />15.3%
<br />2.567
<br />$60.40
<br />$143.11
<br />288.79
<br />$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 $25,000 as a
<br />cost share for a turn lane. However recent meetings with school staff have indicated a change in the
<br />schools desire to cost share such improvements.
<br />a. 2017 Pavement Projects
<br />Estimated Cost /
<br />Revenue
<br />Pavement Fund
<br />Balance
<br />Estimated PMF balance from 2016
<br />$ 1,019,331
<br />$
<br />319,000
<br />2017 Le
<br />$
<br />253,000
<br />$
<br />572,000
<br />Bond Pay off Transfer
<br />$ 739,531
<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/crackscaling)
<br />$
<br />(150,000)
<br />$
<br />36,614
<br />b. MSA Streets Proposed for
<br />Reconstruction in 2017.
<br />Estimated Cost
<br />MSA Fund
<br />Balance
<br />Estimated Balance from 2016
<br />$ 1,019,331
<br />MSA Allotment
<br />$ 352,528
<br />$1,372,374
<br />Debt Service
<br />$ (142,861)
<br />$1,229,513
<br />Fox Street Reconstruction(Willow-Brown)
<br />$ (489,982)
<br />$ 739,531
<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 change to the levy.
<br />Estimated Cost /
<br />Pavement Fund
<br />a. 2018 Pavement Projects
<br />Revenue
<br />Balance
<br />
|