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HomeMy WebLinkAboutAdoption of Street and Curb Reconstruction Capital Improvement Plan for FY 2015-2019 Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Chris Kukulski, City Manager Anna Rosenberry, Finance Director SUBJECT: Adoption of the Street and Curb Reconstruction Capital Improvement Plan (CIP) for FY15-19. AGENDA ITEM TYPE: Action MEETING DATE: December 16, 2013 ***This item is meant to work in conjunction with the Local Streets Funding Discussion, previous on this Agenda.*** RECOMMENDATION: Adoption of the Street and Curb Reconstruction Capital Improvement Plan (CIP) for FY15-19. BACKGROUND: Each year, the City Manager is required to prepare a 5 Year Capital Improvements Plan and submit it to the Commission by December 15th. Staff met in November to develop the attached draft schedules. A portion of our current Street Maintenance District Assessments has been designated as being reserved for Curb Reconstructions (FY14 = 8% of Assessments) and for Street Reconstructions (FY14 = 15% of Assessments.) In past years, these designations were seen as separate amounts, with separate CIP’s prepared for each. This year, we are suggesting combining these amounts into one schedule that can be used to plan projects that will reconstruct the streets and their adjacent curbs at the same time. 219 Items to Note: 1. If the Commission does not want us to undertake the Street Reconstructions in combination with Curb Reconstructions, we can split the schedules. However, we believe combing this is the most efficient way to undertake street and curb projects. In the majority of situations, when the street is in poor or failing condition the curb is failing, as well. 2. Because we do not have the results of our recent Street and Curb Condition survey available, we have left one item called SCR02 – Annual Street and Curb Replacements with an annual allocation. We expect to have more detailed information available this spring that will identify the specific projects. 3. SCR01 - Spot Repairs is added to take care of smaller-scale projects that would not be incorporated into the Annual Replacement projects. UNRESOLVED ISSUES: The amount of Special Improvement District (SID) or other funding that would be combined with the Street and Curb Reconstruction money is undetermined at this point. Depending on the decision, we will be able to reconstruct more/less transportation infrastructure each year. The FY14 Budget contained an estimated amount ($200,000) of SID contribution for the Story Street Reconstruction project. This amount is shown on the Financial Summary for FY14; however, the resolution proposed tonight could affect how we proceed with the project this winter and spring. ALTERNATIVES: As suggested by the City Commission. If the Commission is does not wish to adopt this schedule tonight, it can be scheduled for approval on a later agenda. FISCAL EFFECTS: This step in the process has no fiscal effect. Once adopted, the Capital Improvements Plan becomes the basis of the City Manager’s Recommended Budget for FY14. Report compiled on: December 9, 2013 220 Attached: Draft – Street and Curb Replacement CIP 221 Street and Curb Reconstructions (combined) Capital Improvement PlanFinancial Summary Current YearFY14 FY15 FY16 FY17 FY18 FY19UnscheduledProjected Beginning Reserve Balance Dedicated to CIP 602,368$        570,518$            550,267$        538,314$       534,741$      489,633$          Plus:  Street Maintenance Assessments Dedicated 668,150$        829,749$            838,047$        846,427$       854,892$      863,440$          Plus:  SID or other local contribution200,000$          Less:  Scheduled CIP Project Costs (900,000)$       (850,000)$          (850,000)$       (850,000)$      (900,000)$     (900,000)$      ‐$                  Projected Year‐End Cash Dedicated to CIP 570,518$        550,267$            538,314$        534,741$       489,633$      453,074$        Assumptions Made for Revenue Estimates: Current YearFY14 FY15 FY16 FY17 FY18 FY19Total Estimated Annual Street Assessment Revenue 2,905,000$        2,934,050$            2,963,391$       2,993,024$      3,022,955$      3,053,184$         Estimated Annual Increase ‐ Attributed to Annexations 1% 1% 1% 1% 1%Total Estimated Revenues 2,905,000$        2,963,391$            2,993,024$       3,022,955$      3,053,184$      3,083,716$       Current Revenues Dedicated to Street & Curb CIP % 18.0% 23.0% 28.0% 28.0% 28.0% 28.0%  Plus:  Increase Dedicated to Reconstruction & Curbs 5.0% 5.0% 0.0% 0.0% 0.0% 0.0%  Total % Dedicated to CIP 23.0% 28.0% 28.0% 28.0% 28.0% 28.0%ProjectedProjectedTotal Estimated Revenues Dedicated to CIP 668,150$           829,749$               838,047$          846,427$          854,892$         863,440$          1,000,000900,000800,000700,000600,000500,000400,000300,000200,000100,0000FY15 FY16 FY17 FY18 FY19 UnscheduledStreet Reconstruction Projects 222 CIP PROJECT FUPROJ.DEPARTMENTPROJECT NAMEFY16UnscheduledFY15FY17FY18FY19Street and Curb Replacement FundSCR01EngineeringSTREET CURB REPLACEMENT ‐ SPOT REPAIR$50,000$50,000$50,000$50,000$50,000SCR02EngineeringANNUAL STREET AND CURB REPLACEMENT PROJECTS$800,000$800,000$800,000$850,000$850,000$850,000$850,000$850,000$900,000$900,000Summary for  Street and Curb Replacement Fund (2 items)Totals by year:$850,000 $850,000 $850,000FY15FY16FY17UnscheduledFY19$900,000$900,000FY18223 CIP Project Fund Street and Curb Replacement Fund PROJECT NUMBER SCR01 DEPARTMENT Engineering PROJECT NAME Street Curb Replacement - Spot Repair FY15 $50,000 FY16 $50,000 Unscheduled DESCRIPTION OF PROJECT When a pedestrian ramp is installed, many times the adjacent curbs need to be replaced in order to get drainage to not stop at new ramp. Smaller curb repairs can be necessary rather than replacing a whole block ALTERNATIVES CONSIDERED Continue current operations ADVANTAGES OF APPROVAL This will allow completion of smaller projects instead of waiting for an entire block to be repaired ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Cost of Materials FUNDING SOURCES Curb Replacement New Replacement Equipment Project FY17 $50,000 FY18 $50,000 FY19 $50,000 224 CIP Project Fund Street and Curb Replacement Fund PROJECT NUMBER SCR02 DEPARTMENT Engineering PROJECT NAME Annual Street and Curb Replacement Projects FY15 $800,000 FY16 $800,000 Unscheduled DESCRIPTION OF PROJECT This is the amount of funding that could be provided to Annual Street and Curb reconstruction projects. Projects would be identfied and scheduled once the results of our Street and Curb Condition Assessment are known (Spring 2014). It is anticipated that we would combine this funding with Special Improvement District (SID) funding for the reconstruction projects. ALTERNATIVES CONSIDERED Numerous, including different levels of SID contributions; Urban Fund matching; etc. ADVANTAGES OF APPROVAL City streets and curbs will be reconstructed so that they are safer and easier to use and maintain. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Maintaining reconstructed streets and curbs has a LOWER cost than continuing to maintain dilapidated infrastructure. FUNDING SOURCES Street Maintenance Fund assessments dedicated to Street and Curb Reconstructions. New Replacement Equipment Project FY17 $800,000 FY18 $850,000 FY19 $850,000 225