12/13/2004 Council Packet - Laserfiche WebLink

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• • AGENDA ITEM IE STAFF ORIGINATOR Al Rolek MEETING DATE December 13,2005 TOPIC Authorize Pavement Management Plan Financing Study — Springsted, Inc. Simple Majority VOTE REQUIRED BACKGROUND A Pavement Management Report has been prepared by the City Engineer and has been presented to the City Council. The report evaluated the condition of the city's traffic infrastructure, estimates the cost of maintaining the infrastructure and makes recommendations to establish pavement maintenance and reconstruction policies and pavement maintenance and reconstruction financing policies. The next step is to proceed with these recommendations. Staff has met with Springsted, Inc. to do a Pavement Management Plan Financing Study. The study would identify potential funding sources, measure the impact of any debt service payments on user fees and property tax rates over 5 years, and assist the City in developing financial policies required to implement the Pavement Management Plan in a fair and equitable manner. Staff would work closely with Springsted representatives throughout the process, which should be completed by February 15, 2005. This would allow adequate time to begin and complete the process for a fall referendum in accordance with the city charter. The cost of the Pavement Management Plan Financing Study will not exceed $15,755, plus out - of- pocket expenses. The cost of this report is included in the budget as part of the city's road maintenance program. A copy of the work plan for the report is attached for your review. This is an important step in establishing and implementing a meaningful Pavement Management Plan. Staff recommends that the City Council authorize the preparation of a Pavement Management Plan Financing Study by Springsted, Inc. at a cost not to exceed $15,755, plus out - of- pocket expenses. OPTIONS 1. Authorize Pavement Management Plan Financing Study. 2. Refer to Staff for further review. RECOMMENDATION Option 1