5.2. SR 08-13-2007 - Laserfiche WebLink

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Associates to review the tax impact of street rehabilitation projects so the projects could be timed and sized to keep the tax rate constant. When that Financial Management Plan was presented to the Council, it included a recommendation that the city maintain a $1,000,000 street improvement reserve. The reserve is necessary to fund emergency street projects, offer a cushion for the tax levy for street rehabilitation projects, and maintain adequate cash flow until MSA or bond funds are received. Weare carrying this recommendation through in the proposed CIP. As I said earlier, the 2007 street rehabilitation and 193rd projects have utilized most of the available street funds for the next several years. There is money available on an on-going basis each year for some projects depending upon the Council's priorities. For example, the proposed CIP includes funds for improvements to railroad crossings to decrease the whisde noise. If the Council decides not to do those improvements, more funds are available for other projects. The proposal also includes funding the Highway 10 geometric study in 2007 and purchasing rights-of-way for Highway 169 and County Road 33. The Council will need to decide how to proceed with acquiring the rights of way that will be needed for both of these projects. Along with discussing the 2008 - 2012 CIP, there is one 2007 project that staff wants to discuss, Main Street and Jackson Avenue. With construction nearing completing on the four projects in that area, consideration of a project to improve the streets should take place. The developers were required to restore the street; however, there are other improvements that could be made to improve pedestrian movement and improve the appearance of the streets. A memo on this project from Public Works Director Terry Maurer is attached. Next, we will go into discussion about the projects that are programmed from 2008 through 2012, focusing mainly on 2008. Priorities may change and projects may come to the surface that we cannot anticipate now so those will be adjusted each year as we annually approve the CIP. The attached summary sheet tided Project & Funding Sources by Department provides a listing of all the projects for the next five years, the funding source, and the estimated project cost. A description of each project is also attached. Terry Maurer will be present to discuss the projects in more detail at the meeting. In conclusion, Council approval is not expected at the worksession; this is a time for discussion and input from the Council so that we can prepare a final CIP. However, staff would like direction on the Main Street and J ackson Avenue project so that can proceed this fall. S: \Council\Lori\2007\CIP Streets 08 13 07.doc