12/13/2004 Council Packet - Laserfiche WebLink

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• p.r Work Plan Objective(s) The purpose of this study is to develop a financing plan and associated policies for implementing the City's Pavement Management Plan (PMP). The study will identify potential funding source, and the impact of any debt service payments on user fees and the property tax rates over the next 5 years. In addition, the study will assist the City in developing the associated policies required to implement the PMP in a fair and equitable manner. While the study will focus on the next five years, it will identify potential funding sources or a period of fifteen years. City of Lino Lakes, Minnesota Pavement Management Plan Financing Study SPRINGSTED Advisors to the Public Sector December 2004 Tasks Task 1- Review Background Information > Internal review of background information: • Review current City funding practices, funding sources and policies related to financing street construction, maintenance and reconstruction projects as identified in the Pavement Management Report prepared for the City • Review the City's current outstanding debt and debt service in total and the current outstanding debt and debt service related to the financing of prior year's street maintenance and reconstruction projects • Review the City Charter, City ordinances, policies and practices related to special assessments, and other revenue sources for funding street maintenance and reconstruction • Review any engineering studies, cost of services studies and other relevant studies related to street maintenance and reconstruction in the City • Review historical information related to the growth in the City's tax base and transportation system • Review the anticipated future growth in the City tax base and transportation system • Review the City's Comprehensive Plan • Review the City's current Municipal State Aid System and revenues