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• <br />• <br />• <br />AGENDA ITEM 6Eii <br />STAFF ORIGINATOR: James E. Studenski <br />COUNCIL MEETING DATE: May 9, 2005 <br />TOPIC: Resolution No. 05 -66, Accepting Pavement Management Financing <br />Report <br />VOTE REQUIRED: Simple Majority <br />BACKGROUND: <br />At the March 9, 2005 Work Session, staff presented the Pavement Management <br />Financing Report dated March 2005 to the City Council. The purpose of the <br />report is to identify available funding sources to implement a Pavement <br />Management Program and to project the impact of these funding sources on the <br />user fees and property tax rates over the next 10 years, as well as to suggest <br />associated financial policies required to implement the program in a fair and <br />equitable manner. It was then requested, at the April 20, 2005 Work Session, <br />that this financing report be accepted by the Council. <br />OPTIONS: <br />1. Return to staff for further review. <br />2. Adopt Resolution Number 05 -66, Accepting Pavement Management <br />Financing Report. <br />3. Not adopt Resolution Number 05 -66. <br />RECOMMENDATION: <br />Option No. 2 - Staff recommends that Resolution No. 05 -66 be adopted. <br />