Agenda Packets - 1991/07/01 - Laserfiche WebLink

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$35 per lineal foot. This would require $1 million dollars for a program of reconstruction and rehabilitation. The program can be stretched over a 10 year period or possibly even 15 years. The major concern is to establish a funding scheme and begin the establishment of a program. Funding There appear to be 4 basic funding mechanisms for a rehabilitation/reconstruction program. These are the traditional use of improvement districts , a city wide assessment, appropriations out of the general fund, or a utility approach. The traditional mechanism in use in many cities is to establish improvement districts to finance the reconstruction or rehabilitation of each street in the program. The major concern is that since a vote of those affected is necessary, the timing of repairs may not coincide with the most cost effective alternative. A pavement that could be rehabilitated may not receive approval until the pavement is in such a condition as to require complete reconstruction. Some cities have included a city-wide assessment for streets or alleys. The concept is that the overall program benefits all residents and, therefore, an assessment is established each year for the overall program in the city. • Appropriations from the general fund tend to fluctuate greatly from year to year. This is not necessarily detrimental , unless the fluctuation causes streets that could be rehabilitated to fall into the reconstruction category. The final approach being used in a few cities ' is a utility concept. While this is currently only used in a small handful of • cities, many cities are expressing interest in the concept. -The theory is that the streets should be paid for by the users. The concept determines the use each property receives from the street system and then charges the property in accordance with the benefit. The use is usually determined by the number of trips generated from each property and-the types of vehicles involve. in the •trips. Semi-trucks have a higher factor than cars. _A garbage truce would also have a higher factor than a delivery truck. It is also conceivable to develop a funding scheme which combines elements of the above options. Possibly a city wide assessment would handle up to the center 24 feet, and improvement districts would handle the outer parking lanes, if any, or other features requested by those residents. Summary 4