12-09-1992 Council Agenda - Laserfiche WebLink

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Mr. Joel Hanson, City Administrator City of Little Canada Page 9 Major Projection/Speculation Considerations: The contents of this report and the attached schedules are based upon historical data through 1991 plus pr iected/ sti ated/speculated data thereafter. One of the major elements estimated was the future land of MSA Construction /Maintenance Allotments. The City's annual MSA Construction /Maintenance Allotments has varied greatly over the past few years as follows: Year Amount % Change 1988 $157,160 26% 1989 229,845 46% 1990 174,608 (24 %) 1991 149,267 (15 %) 1992 208,960 40% The City's annual allotment is determined based upon a multiple of factors. We have not determined why past allotments have varied so greatly. Accordingly, we cannot be certain of future allotment levels. The projections contained in this report are based upon future allotments (1993 through 2000) of $175,000 per year. This level may or may not be correct. This City should attempt to monitor future levels (based upon preliminary State data as it is made available) and revise these projections accordingly. The State and City data contained in the attached Exhibits details the City's annual MSA allotment to its primary components. Some of this data (population factors) is easily analyzed. Other factors (25 -year construction needs) are not so readily analyzed. May I suggest a meeting with the City's engineers before we attempt to fully analyze /understand this situation. Special Timing Consideration: MSA allotments from the State are limited and the exact level of annual allotments requires speculation. The City has one major past project (19843 Bridge Repair) which has yet to be actually financed with MSA construction draw down. More important, the exact amount of such financing (i.e. eligible costs) is still speculative. If the City can resolve this situation, the remaining MSA projections will become more definitive. The City has one current MSA construction projection in process (1989 -23 Country Drive) plus another project in the planning stages (1992 -XX LaBore Road). The uncertainties relating to the Bridge Repair Project (i.e. timing and amounts) requires careful consideration of the timing of all other City/MSA Projects. Accordingly, the City should continue to "appropriate future MSA allotments" for all proposed/future MSA projects. This matter should also be discussed (and clarified) with the City engineers. Page 40