HomeMy WebLinkAbout11-29-12 SIF Oak Street Fifth LaneCIP Project Fund
Impact Fees Streets
PROJECT NUMBERDEPARTMENT
Street Impact Fee
PROJECT NAME
Oak Street fifth lane
FY14
$250,000
FY15 FY16 Unscheduled
DESCRIPTION OF PROJECT
Complete the missing 5th lane of Oak Street on the south side of the street. This will finish the full section from 7th to 19th Avenues. This will
not only provide additional lane capacity from the immediate construction but will enable full utilization of the existing lane segments and bike
lanes. The intersections at either end of this road segment are already configured for full lanes in between them. The Right of Way and road
base are in place. This project will complete the paved surfaces. In addition, the 5th eastbound lane of Oak Street located immediately west of
the intersection with Oak Street would be included. The project could be divided into two parts, one on either side of 19th Avenue
ALTERNATIVES CONSIDERED
Wait for adjacent development – no time frame known; fund from other sources; do nothing
ADVANTAGES OF APPROVAL
Finishes the street section and enables maximum effectiveness from this key portion of the transportation network. Small
construction cost for the anticipated benefits.
ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED
Fractional additional maintenance for the additional one-quarter to one-third lane mile.
FUNDING SOURCES
The project is fully impact fee eligible. Oak Street is also an urban route (U-1202) which could allow the use of Urban Funds for a
share of the project.
New
Replacement
Equipment
Project
Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:
FY17
REQUIRED - CAPITAL or DEBT SERVICE
REQUIRED - USEFUL LIFE 10+ YEARS
REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)
DIRECT BENEFITS: (Up to 10 pts)
FUNDING CERTAINTY: (Up to 10 pts)
COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)
FY18