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45 Sheet Capital Improvement Plan (CIP) Bituminous vs. Concrete Financing Options St. Anthony Village, MN REVISED FOR TASK FORCE MEETING NO. 5 Base Information All cost information provided in this discussion is based on 2007 dollars. Cost comparisons between concrete pavement and bituminous pavement were derived from the average bids received for the 2007 Street Reconstruction project, where both concrete and bituminous alternatives were bid for roadway and alley construction. 'fable I - Annual Street CII' Budf et Annual Street Capital Improvement Program Budget Street Reconstruction $ 1,030,000.00 _ Water Main $ 345,000.00 Storm Sewer $ 210,000.00 Sanitary Sewer $ 300,000.00 Bond Interest $ 60,000.00 _Capitalized _ Contingency Funds _ $ 55,000.00 TOTAL $ 2,000,000.00 "Cable I highlights the current City of St. Anthony Village Street Capital Improvement Program (CIP). The City's budget allows for $2,000,000 to be spent every year on the reconstruction of streets, sanitary sewer, water main, and storm sewer replacement. Additional improvements within the city, such as lift stations, force mains, water treatment plants, and City building repairs are paid for out of a separate budget. For the purposes of presenting street reconstruction financial data, only the current $1,030,000 annual budget for street reconstruction will be discussed. It is assumed that the same length of roadways will be reconstructed in the same amount of time (currently planned for 14 years to complete all street reconstruction). The costs for water main, storm sewer, and sanitary sewer would remain the same. Table 2 — Annual Street Reconstruction Breakdown 3 Equivalent Average Street Length (Bituminous) 3,700 feet / year c o E Total Street Length Remaining in CIP 51,300 feet U .- °� Total CIP Reconstruction Time (Bituminous) 14 years Street Reconstruction Task Force Findings Report November 13, 2008 WSB Project No. 1626-03