Agenda Packets - 1998/09/08 - Laserfiche WebLink

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City of Mounds View Staff Report To: Chuck Whiting, City Clerk-Administrator From: Bruce A. Kessel, Finance Director Item Title/Subject: Street Improvement Plan Date of Report: September 4, 1998 Overview The City has a total of 43.42 miles of streets. Of these, 31.99 miles are local streets and 11.43 miles have been designated as Municipal State Aid streets. The previously distributed future street project worksheets identified various street projects over the next 50 years. For street reconstruction, 7.46 miles of MSA streets and 24.31 miles of local streets have been identified for reconstruction. The remaining miles of streets had been reconstructed within the last several years and were not included on the list for reconstruction. The street reconstruction projects include several components. MSA streets were projected to be built at various widths from 32 to 44 feet. Local streets were projected to be built at 30 feet. Local streets are estimated to cost approximately 10%less than MSA streets. All streets were projected to be built with curb and gutter. Curb and gutter adds approximately $6.34 per front foot per side to the cost of streets. MSA streets require curb and gutter. With reconstruction, streets are torn up and as such, it is cost effective to evaluate other infrastructure and make necessary improvements to such infrastructure at the same time as the street is reconstructed. Both MSA and local street projects include some additional infrastructure improvements to the water, waste water, and surface water systems. Funding was projected from a number of sources including MSA construction funds, County turn back funds, special assessments, and surface water, water and waste water fund contributions. Special assessments were limited to 50% of a standard road so that an individual living on a MSA street would pay the same amount as an individual's property abutting a local street. Some projects would be funded at in excess of 100%of the associated cost; for example, MSA normally pay for 85% of a project plus the city would also assess for 50% of a typical local street. For surface water drainage,MSA would fund 85% of the cost, plus the city would assess a set per lot assessment for affected properties, and additional funding would come from the surface water fund. In addition, there are several county roads that will be turned back to the City; at the time of the turn back,the County will provide funds equal to their estimate to bring the street up to a certain standard. The City's original funding plan projected using any eligible MSA funds plus standard assessments on such projects in addition to the turn back funds. As noted above, funding for these projects would be in excess of 100%of the associated project costs. This additional funding would be used to offset the City portion of none MSA streets. Since MSA streets comprise approximately 25% of the total street system and special assessments comprise less than 50% of the total project costs, additional city funding will be needed to fund local street reconstruction. Summary of financial projections MSA Streets