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May <br />Scenarios (Assessments, Franchise fees, Bonding, Levy Increases) were presented. <br />2014 <br />The Council directed Staff to bring back more information on franchise fees and to <br />Tax <br />present an option for road maintenance in the 2015 General Fund Budget. <br />August <br />Council directed staff to add $30K to the roads maintenance budget for 2015 <br />2014 <br />Increase Impact Impact on <br />October <br />Council adopted the Pavement Management Plan (PMP) <br />2014 <br />($) <br />April <br />Council reviewed the funding options for road maintenance/reconstruction with the <br />2015 <br />consensus being against Assessments or Franchise Fees. <br />May <br />Council of directed Staff to provide a by year maintenance and reconstruction plan <br />2015 <br />for the next five years. <br />June <br />Council reviewed a sample five year plan and the impacts to the Levy to fund the <br />2015 <br />plan. Council provided guidance to create a funding source for Pavement <br />Road (90), Fairview Cottage Lane (90), Grandview <br />Management Fund with a dedicated Levy of $183,000. <br />December <br />Council deferred decision on road maintenance projects for 2016. Setting April of <br />2015 <br />2016 as the date to review road planning and funding. <br />2. Street Funding. Distributing the pavement maintenance and reconstruction requirement per the <br />City's Pavement Management Plan over a 10 year period, results in a funding requirement of $550,000/ <br />year for Maintenance and $500,000/year for Reconstruction for a total of $1,050,000/year. The $183,000 <br />dedicated to the Pavement management fund for 2016 represents 17% of the requirement leaving a <br />funding deficit of $867,000/year. The first table below shows the impact of these costs on the Levy. <br />a. Tax Levy Im acts of F Ily Funding Street Maintenance & Reconstruction Requirements <br />Type of <br />Annual <br />Levy <br />Tax Rate Tax Tax <br />Tax <br />Tax <br />Street Work <br />Cost <br />Increase <br />Increase Impact Impact on <br />Impact <br />Impact <br />maintenance <br />($) <br />(%) <br />(Percentage on $546K <br />on $1 M <br />on $2M <br />Cherry Ave(85), Chery PI (91), Concordia (79), <br />Deferred <br />Points) $250K Home <br />Home <br />Home <br />Road (90), Fairview Cottage Lane (90), Grandview <br />Home (Median) <br />Maintenance <br />$367,000 <br />7.69% <br />1.29 $30 $64 <br />$146 <br />$307 <br />Reconstruct <br />$500,000 <br />10.48% <br />1.76 $41 $87 <br />$198 <br />$419 <br />Total <br />$867,000 <br />18.17% <br />3.06 $71 $151 <br />$344 <br />$726 <br />3. Impacts. Fully funding the both preventive maintenance and reconstruction as in table above allows <br />the city to realize it Pavement Management Plan. <br />4. 2016 Road Maintenance Planning. The table below represents the street maintenance proposed <br />during the 2016 budget process and in the 2016 Public Works Plan. <br />a. Streets Proposed for Preventative Maintenance in 2016 Public Works Plan. <br />Maintenance <br />Budget <br />Description (PCI) <br />Status <br />Routine <br />$ 47,000 <br />Throughout System -(Patching, tree trimming, <br />In budget <br />annual <br />striping, crack sealing) <br />maintenance <br />$ 178,556 <br />Cherry Ave(85), Chery PI (91), Concordia (79), <br />Deferred <br />Corral Rd(86), Elmwood Ave (88), Fagerness Point <br />Road (90), Fairview Cottage Lane (90), Grandview <br />Ave (86), Loma Linda (84), North Arm (90), Park Dr <br />(83), West Lake (79), Webb St (96), Orchard Beach <br />Place(82), Highwood Ln (90), Linden Ln (87), Maple <br />Seal Coating <br />Place (94), Minnie Ave(94), Dahl Rd (77). <br />2 <br />