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• <br />Draft Draft 04 -18 -2005 Draft <br />Recycle Existing Pavement <br />Financing: Lot/Unit Assessment <br />Commercial /Industrial = 50% of project cost up to maximum <br />assessment rate <br />Residential = 50% of project cost up to maximum assessment rate <br />City contributes balance from General Fund, State Aid <br />Funds, or other sources. <br />B. Street Maintenance. <br />1. Overlay (OCI <br />Includes: <br />2. <br />40 -70, "Marginal" category) <br />Crack Filling <br />Milling Surface <br />Patching <br />Pothole Subgrade and Base Correction <br />Repair or Replace Concrete Curb and Gutters <br />1 1/2 Inch Bituminous Surface Overlay <br />Financing: City General Fund or other sources <br />Sealcoat (OCI 70 -100, "Adequate" category) <br />Includes: Pothole Filling <br />Crack Filling <br />Sealcoat <br />Financing: City General Fund or other sources <br />IV. PROJECT SELECTION CRITERIA <br />The OCI rating shall serve as the base criteria for project selection. In addition to the <br />OCI, streets shall be evaluated according to Average Daily Traffic (ADT), Stormwater <br />Management, Public Utilities and project priority groupings to achieve economies of <br />scale. The City Engineer shall annually prepare a five year Street Maintenance & <br />Reconstruction Plan based on these criteria for review and approval by the City Council. <br />V. FINANCING <br />The components of the Pavement Management Program (PMP) will be financed as <br />follows: <br />A. Maintenance (Sealcoating and Overlays) — The City will levy a property tax each <br />year to pay for annual maintenance costs as outlined in the PMP. <br />B. Local Street Reconstruction — The City will use: <br />Pavement Management Policy <br />-210- <br />05/02/05 <br />