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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 9.4 <br /> Agenda Section Meeting Date Prepared by <br /> Work Session March 18, 2019 Justin Femrite, P.E.,Public Works Director <br /> Item Description Reviewed by <br /> Pavement Management Funding Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Provide direction for the funding of trail and parking lot replacements. <br /> Background/Discussion <br /> As requested at the last Council meeting, staff is bringing back the topic of funding for the replacement <br /> of the city-owned trail and parking lot assets. Funding for these assets has long been a challenge to <br /> accommodate with the current revenue stream from the Park Improvement Fund. <br /> After a wildly successful first seven years, funding our street pavements through collection of franchise <br /> fees, there is now a question of including the replacement of trail and parking lot pavements through this <br /> same funding source. <br /> Favorable bids obtained on our last few pavement management contracts has allowed us to get caught up <br /> on previously deferred street maintenance work. Being in better shape with these street pavement assets <br /> allows us to begin discussions about the other pavement needs we have on our trails and parking lots. <br /> Financial Impact <br /> None at this time <br /> Attachments <br /> ■ Pavement Management Fund Analysis <br /> ■ Park Improvement Fund Analysis <br /> The Elk River Vision <br /> A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By <br /> service, and community engagement that encourages and inspires prosperity INAMIRE1 <br />