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M <br />Asphalt Pavement <br />a. Initial cost to construct $65.46/sq. yd. <br />b. Crack sealing, seal coat, and mill & overlay $26.86/sq. yd. <br />C. Pavement repairs associated with utilities $132/sq. yd. <br />Total Cost Over 60 Yeas $93.58/sq. yd. <br />The initial cost to construct concrete streets is approximately 35% higher than asphalt <br />streets. The cost to maintain asphalt streets is approximately 240% more than concrete. The <br />total cost to construct and maintain concrete streets is approximately $6.36 or 7% more per <br />square yard over 60 years, when compared to the asphalt. <br />6. The total cost to reconstruct the remaining streets in St. Anthony Village with concrete <br />increases the overall capital improvement budget by approximately $5,050,000. These <br />funds would need to be raised in a combination of assessments and General Fund <br />contributions to the Street Reconstruction budget. <br />In addition to the costs associated with reconstructing the streets, a number of intangible values <br />associated with each of the pavement types were discussed. A pavement comparison question and <br />answer summary regarding some of these intangible values is attached in the Appendix. <br />Street Reconstruction Task Force Findings Report Page 5 <br />November 13, 2008 <br />WSB Project No. 1626.03 <br />