Loading...
HomeMy WebLinkAboutDraft - SIF CIP 16-20Street Impact Fee Capital Improvement Plan Financial Summary Current YearFY15 FY16 FY17 FY18 FY19 FY20UnscheduledProjected Beginning Reserve Balance Dedicated to CIP 9,793,964$      10,441,733$       7,936,949$     1,077,378$     3,832,776$    3,981,921$        Plus:  Impact Fee Revenues Dedicated to CIP 1,872,769$      1,910,224$         1,948,429$     1,987,397$     2,027,145$    2,067,688$      ‐$                     Plus:  Urban Funds:  SIF09, Kagy (Willson to 19th) 4,000,000$       Plus:  Urban Funds: SIF46, Oak (New Holland to Ferguson)2,000,000$        Plus:  Local Share of Intersections (40% of Total) 300,000$             300,000$        300,000$        300,000$       600,000$            Plus:  SID or other sources 1,475,000$         950,000$        600,000$          Plus:  TOP Funds for Baxter/Cottonwood1,800,000$        Less:  Scheduled CIP Project Costs (1,225,000)$     (6,190,008)$        (14,058,000)$  (132,000)$       (2,178,000)$   (10,044,000)$  (17,878,000)$   Projected Year‐End Cash Dedicated to CIP 10,441,733$   7,936,949$        1,077,378$    3,832,776$    3,981,921$   405,609$        (17,878,000)$   Assumptions Made for Revenue Estimates: Current YearFY15 FY16 FY17 FY18 FY19 FY20Estimated Annual Street Impact Fee Revenues 1,872,769$        1,872,769$            1,910,224$       1,948,429$      1,987,397$      2,027,145$          Estimated Annual Increase 0.0% 2% 2% 2% 2% 2%Total Estimated Revenues 1,872,769$        1,910,224$            1,948,429$       1,987,397$      2,027,145$      2,067,688$        Current Revenues Dedicated to CIP % 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%PlIDdi tdtSt tCitEiCIP00%00%00%00%00%00%ProjectedProjected  Plus:  Increase Dedicated to Street Capacity Expansion CIP0.0% 0.0% 0.0% 0.0% 0.0% 0.0%  Total % Dedicated to CIP 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%Total Estimated Revenues Dedicated to CIP 1,872,769$        1,910,224$            1,948,429$       1,987,397$      2,027,145$      2,067,688$        CURRENT26,000,00021,000,00016,000,00011,000,0006,000,0001,000,000Street Impact Fee Projects  PROJ.DEPARTMENTPROJECT NAMEFY16UnscheduledFY20RATINGFY17FY18FY19CIP PROJECT FUND:Impact Fees StreetsSorted by Funding Year and RatingSIF01STREET IFRIGHT OF WAY ACQUISITION$132,000$132,00025$132,000$132,000$132,000SIF40STREET IFBROADWAY & MAIN (INTERSECTION)$990,00035SIF42STREET IFBAXTER & DAVIS (INTERSECTION)$990,00035SIF48STREET IFCOTTONWOOD (FALLON TO ALPHA)$2,543,64040SIF50STREET IFLAUREL PARKWAY (DURSTON TO FALLON)$201,16820SIF51STREET IFN 27TH (TSCHACHE TO OAK) ‐ ENGINEERING SERVICES$475,20025SIF52STREET IFKAGY (WILLSON TO 19TH) ‐ ENGINEERING SERVICES$858,00025SIF08STREET IFDURSTON (FERGUSON TO FOWLER)30$1,980,000SIF09STREET IFKAGY (WILLSON TO 19TH)32$7,920,000SIF27STREET IFCOTTONWOOD & DURSTON (INTERSECTION)30$660,000SIF39STREET IFFERGUSON & DURSTON (INTERSECTION)35$990,000SIF47STREET IFN 27TH (TSCHACHE TO OAK)25$2,376,000SIF36STREET IFCOTTONWOOD (BABCOCK TO OAK)40$990,000SIF53STREET IFOAK (NEW HOLLAND TO FERGUSON) ‐ ENGINEERING SERVICES25$1,056,000SIF46STREET IFOAK (NEW HOLLAND TO FERGUSON)$2,500,00040SIF49STREET IFOAK STREET (15TH TO 19TH)$330,00040SIF54STREET IFFERGUSON (BAXTER TO OAK)$660,00040SIF55STREET IFBAXTER (19TH TO COTTONWOOD)$4,422,00040SIF56STREET IFCOTTONWOOD (OAK TO BAXTER)$2,000,00040 PROJ.DEPARTMENTPROJECT NAMEFY16UnscheduledFY20RATINGFY17FY18FY19SIF05STREET IFCOLLEGE (11TH TO 19TH$3,168,0007SIF20STREET IF7TH & KAGY (INTERSECTION)$858,00030SIF23STREET IFHIGHLAND (MAIN TO KAGY)$10,032,00030SIF24STREET IFHIGHLAND & ELLIS (INTERSECTION)$660,00030SIF33STREET IF7TH & GRIFFIN (INTERSECTION)$660,00030SIF57STREET IFOAK (FERGUSON TO COTTONWOOD)$2,500,00040Summary for  Impact Fees Streets (25 items)Totals by year:$10,044,000$6,190,008 $14,058,000 $132,000$17,878,000FY20FY16FY17FY18UnscheduledFY19$2,178,000 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF01 DEPARTMENT STREET IF PROJECT NAME RIGHT OF WAY ACQUISITION FY15 $132,000 FY17 $132,000 Unscheduled DESCRIPTION OF PROJECT Annual allocation available for right-of-way purchases as they become available. Purchasing additional right-of-way is critical to expanding the capacity of streets in the city. This is deemed to be 100% impact fee eligible – as additional right-of-way is not required if we are not expanding the capacity of the street. ALTERNATIVES CONSIDERED Condemn property for right-of-way; pay court costs as well as appraised value of property. Time consuming for city staff and a relatively expensive process. ADVANTAGES OF APPROVAL Provides dollars for the purchase of necessary right-of-way as it becomes available on the market. Avoids the expensive, antagonistic condemnation process where possible. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Annual Operating & Maintenance Costs: Street Impact Fees can not be spent on operating and maintaining facilities. There is expected to be a very minimal, incremental cost to the Street Maintenance District from this expenditure. FUNDING SOURCES 100% Street Impact Fees New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:25 FY18 $132,000 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)10 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)10 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 $132,000 FY20 $132,000.00 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF05 DEPARTMENT STREET IF PROJECT NAME COLLEGE (11TH TO 19TH FY15 FY17 Unscheduled $3,168,000 DESCRIPTION OF PROJECT Reconstruct West College Street from 8th Avenue to 19th Avenue to a minor arterial standard as shown in the Transportation Plan. This section of West College has already exceeded the volume of traffic it was projected to carry in 2020 according to the Transportation Plan. Improvements to South 19th and increased development in the South 19th corridor will only further increase traffic demand on this facility. Additionally this facility lacks pedestrian and bicycle facilities. ALTERNATIVES CONSIDERED Use of Urban funds for full financing, CTEP grants if available. ADVANTAGES OF APPROVAL Improved safety and capacity, both for motorized vehicles as well as bicycles and pedestrians. The use of street impact fee funds enables the community to leverage the available State Urban transportation funds to complete other projects and address more of the city’s pressing transportation needs. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Improved safety and capacity, both for motorized vehicles as well as bicycles and pedestrians. The use of street impact fee funds enables the community to leverage the available State Urban transportation funds to complete other projects and address more of the city’s pressing transportation needs. FUNDING SOURCES 60% - Street Impact Fees = $2,000,000, 40% Urban, CTEP or other Funds - $1,300,000 New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:7 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)0 DIRECT BENEFITS: (Up to 10 pts)2 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF08 DEPARTMENT STREET IF PROJECT NAME DURSTON (FERGUSON TO FOWLER) FY15 FY17 $1,980,000 Unscheduled DESCRIPTION OF PROJECT Over recent years, Durston Road has been significantly improved, except for this small portion of the road. This ~ 1/4 mile length of road needs to be improved with completed sidewalk, bike lanes, and additional driving/turning lanes. Incremental improvement of Durston Road with development projects may be possible, thus preventing a severe drop in service level similar to that experienced on West Babcock Street. ALTERNATIVES CONSIDERED SID for full financing, or incremental construction by developers. ADVANTAGES OF APPROVAL Improved safety and capacity, both for motorized vehicles as well as bicycles and pedestrians. The use of street impact fee funds enables the community to leverage the available State Urban transportation funds to complete other projects and address more of the city’s pressing transportation needs. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Annual Operating & Maintenance Costs: Incremental increases in sweeping, plowing and general maintenance costs. Current cost estimate of $8,725 per street mile maintained annually. FUNDING SOURCES 60% - Street Impact Fees; 40% SID or other funding. New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:30 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF09 DEPARTMENT STREET IF PROJECT NAME KAGY (WILLSON TO 19TH) FY15 FY17 $7,920,000 Unscheduled DESCRIPTION OF PROJECT This project consists of widening Kagy Boulevard from the intersection of S. 19th Avenue to Willson Avenue to a three lane urban arterial standard. This includes one travel lane in each direction, bike lanes on each side, curb and gutter throughout, boulevard, sidewalks and a raised median. Kagy serves as an important element of Bozeman's perimeter street system connecting Highland Blvd., Willson Ave. and S.19th. It also serves as the primary access to Montana State University and the University's major athletic facilities. ALTERNATIVES CONSIDERED SID for full financing, Urban funds or incremental construction by developers. ADVANTAGES OF APPROVAL Kagy is a State Urban Route and is eligible for expenditure of State urban funds designated annually for the City of Bozeman; however, the availability of urban funds cannot match the pace of the City's transportation improvement needs. The need for this project comes from increased traffic due to growth in the Bozeman area and the project is eligible for Impact Fee Funds. Use of Street Impact Funds enables the community to leverage the available State Urban transportation funds to complete projects and address more of its pressing transportation needs. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Annual Operating & Maintenance Costs: Incremental increases in sweeping, plowing and general maintenance costs. Current cost estimate of $8,725 per street mile maintained annually. FUNDING SOURCES Total Project: $6,650,000. 60% - Street Impact Fees = $3,990,000; 40% - Urban Funds = $2,660,000 New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:32 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)7 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF20 DEPARTMENT STREET IF PROJECT NAME 7TH & KAGY (INTERSECTION) FY15 FY17 Unscheduled $858,000 DESCRIPTION OF PROJECT Control of the intersection of 7th Avenue and Kagy Boulevard, a collector and an arterial. Includes the installation of a traffic signal or roundabout. 7th Avenue is a two lane collector north of this intersection and a two lane local street south of the intersection. Kagy Boulevard is a two lane arterial. This intersection currently has stop control on 7th Avenue. Recent development and increased traffic indicate that a signal or roundabout will soon be not only warranted but justified. This intersection is a major access point for the MSU campus. ALTERNATIVES CONSIDERED Do nothing or consider other alternatives as suggested by the Montana Department of Transportation. Attempt to create an SID or identify and apply for other potential sources of funding (CMAQ…) ADVANTAGES OF APPROVAL Improved traffic flow and safety at this intersection. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED FUNDING SOURCES Proposed 60% Impact Fees and 40% Local Share (other). New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:30 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)10 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF23 DEPARTMENT STREET IF PROJECT NAME HIGHLAND (MAIN TO KAGY) FY15 FY17 Unscheduled $10,032,000 DESCRIPTION OF PROJECT This project consists of widening Highland Boulevard from the intersection with Main Street to the intersection with Ellis Street to a five-lane urban arterial standard, and from the intersection with Ellis Street south to the intersection with Kagy Boulevard to a three-lane urban arterial standard. This roadway is currently a minor arterial roadway with one travel lane in each direction. This project serves as a long-term need that will be necessary to accommodate future development patterns in the region and serve north-south traffic flow. It is expected that a minimum of two travel lanes in each direction from Main Street to Ellis Street, one travel lane in each direction from Ellis Street to Kagy Boulevard, bike lanes on each side, curb and gutter, boulevard, sidewalk, and a raised median will be required. ALTERNATIVES CONSIDERED Use of Urban Funds, developer contributions and/or creation of an SID for full financing. ADVANTAGES OF APPROVAL Increased capacity and safety in this corridor, both for motorized vehicles as well as bicycles and pedestrians. The use of street impact fees enables the community to leverage the available State Urban Funds to complete other needed projects. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Annual Operating and Maintenance Costs: Incremental increases in sweeping, plowing and general maintenance costs. Current cost estimate of $8,725 per street mile maintained annually. FUNDING SOURCES Estimated: 50% Street Impact fees ($3,600,000.00), and 50% Urban Funds, Special Improvement District (SID) or Other, $3,600,000.00. New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:30 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF24 DEPARTMENT STREET IF PROJECT NAME HIGHLAND & ELLIS (INTERSECTION) FY15 FY17 Unscheduled $660,000 DESCRIPTION OF PROJECT Identified as TSM -20 in the 2007 Transportation Plan Update. Includes installation of a traffic signal, roundabout or other adequate traffic control device when warrants are met. Highland Boulevard is currently a two-lane minor arterial roadway and Ellis Street is a two-lane local street. This intersection currently has stop control on Ellis Street. ALTERNATIVES CONSIDERED Do nothing or consider other alternatives as suggested by MDT. Create an SID or identify other and apply for other potential sources of funding (CMAQ…) ADVANTAGES OF APPROVAL Increased capacity and safety at this intersection. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Annual Operating and Maintenance Costs: None FUNDING SOURCES Proposed 60% Impact Fees and 40% Local Share (other). New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:30 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF27 DEPARTMENT STREET IF PROJECT NAME COTTONWOOD & DURSTON (INTERSECTION) FY15 FY17 $660,000 Unscheduled DESCRIPTION OF PROJECT Includes installation of a traffic signal, roundabout or other adequate traffic control device when warrants are met. Cottonwood Road is currently a two-lane principal arterial roadway and Durston Road is a three-lane minor arterial. ALTERNATIVES CONSIDERED Do nothing or consider other alternatives as suggested by MDT. Create an SID or identify other and apply for other potential sources of funding (CMAQ…) ADVANTAGES OF APPROVAL Increased capacity and safety at this intersection. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Annual Operating and Maintenance Costs: None FUNDING SOURCES Proposed 60% Impact Fees and 40% Local Share (other). New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:30 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF33 DEPARTMENT STREET IF PROJECT NAME 7TH & GRIFFIN (INTERSECTION) FY15 FY17 Unscheduled $660,000 DESCRIPTION OF PROJECT Control of the intersection of 7th Avenue and Griffin Drive. Includes the installation of a traffic signal or roundabout. Future development and the resulting increased traffic indicate that intersection improvements will be needed. ALTERNATIVES CONSIDERED Do nothing or consider other alternatives as suggested by the Montana Department of Transportation. Create an SID or identify and apply for other potential sources of funding (CMAQ…) ADVANTAGES OF APPROVAL Improved traffic flow and safety at this intersection. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Minimal FUNDING SOURCES Proposed 60% Impact Fees and 40% Local Share (other). New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:30 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF36 DEPARTMENT STREET IF PROJECT NAME COTTONWOOD (BABCOCK TO OAK) FY15 FY17 Unscheduled DESCRIPTION OF PROJECT This project consists of widening Cottonwood Road from West Babcock Street to Oak Street to a three lane urban arterial standard. This includes one travel lane in each direction, bike lanes on each side, curb and gutter throughout, boulevard, sidewalks and a raised median. Cottonwood Road serves as an important element in Bozeman's west side street system and serves as a primary north-south corridor on the west side of the city. ALTERNATIVES CONSIDERED SID for full financing, Urban funds or incremental construction by developers. ADVANTAGES OF APPROVAL Improved traffic flow and safety in this corridor. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED FUNDING SOURCES Street Impact Fees, SID for upgrade of existing roadway portion, Urban funds or incremental construction by developers. Current estimate is 50% SID/50% Impact Fees. New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:40 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)10 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 $990,000 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF39 DEPARTMENT STREET IF PROJECT NAME FERGUSON & DURSTON (INTERSECTION) FY15 FY17 $990,000 Unscheduled DESCRIPTION OF PROJECT Intersection Control ALTERNATIVES CONSIDERED Accept the current level of service (do nothing). Alternative financing could be provided by creating an SID or Payback District. ADVANTAGES OF APPROVAL Improved traffic flow and safety at this intersection. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Minimal FUNDING SOURCES Proposed 60% Impact Fees and 40% Local Share (other). New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:35 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF40 DEPARTMENT STREET IF PROJECT NAME BROADWAY & MAIN (INTERSECTION) FY15 $990,000 FY17 Unscheduled DESCRIPTION OF PROJECT Intersection Control ALTERNATIVES CONSIDERED Do nothing or consider other alternatives as suggested by the Montana Department of Transportation. Create an SID, Payback or identify and apply for other potential sources of funding (CMAQ…). Developer Contribution. ADVANTAGES OF APPROVAL Improved traffic flow and safety at this intersection. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Minimal FUNDING SOURCES Proposed 60% Impact Fees and 40% Local Share (other). New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:35 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)10 DIRECT BENEFITS: (Up to 10 pts)10 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)10 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF42 DEPARTMENT STREET IF PROJECT NAME BAXTER & DAVIS (INTERSECTION) FY15 $990,000 FY17 Unscheduled DESCRIPTION OF PROJECT Intersection Control ALTERNATIVES CONSIDERED Accept the current level of service (do nothing). Alternative financing could be provided by creating an SID or Payback District. ADVANTAGES OF APPROVAL Improved traffic flow and safety at this intersection. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Minimal FUNDING SOURCES Proposed 60% Impact Fees and 40% Local Share (other). New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:35 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF46 DEPARTMENT STREET IF PROJECT NAME OAK (NEW HOLLAND TO FERGUSON) FY15 FY17 Unscheduled DESCRIPTION OF PROJECT This Project is the completion of the street segment of Oak Street, from New Holland to Ferguson. Currently, the south half of the street is missing, creating a bottleneck in the street network. &nbsp;We anticipate that by the time this project is built, the City will have designated Oak Street as an Urban Route, eligilbe for Urban Funds.</div> ALTERNATIVES CONSIDERED Leave as-is. Wait for the developer to build the street. ADVANTAGES OF APPROVAL This project will expand the capacity of our street network and improve safety for drivers and pedestrians. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED minimal FUNDING SOURCES Street Impact Fees, Developer Contribution for local share, other. Total cost estimates are shown. Design $800,000. Construction $4,000,000. New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:40 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)10 FY19 FY20 $2,500,000.00 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF47 DEPARTMENT STREET IF PROJECT NAME N 27TH (TSCHACHE TO OAK) FY15 FY17 $2,376,000 Unscheduled DESCRIPTION OF PROJECT This Project is the completion of the street segment of N 27th Avenue, between Oak Street and Tschache Road. Currently, the east half of the street is missing, creating a bottleneck in the street network. ALTERNATIVES CONSIDERED Leave as-is. Wait for the developer to build the street ADVANTAGES OF APPROVAL This project will expand the capacity of our street network and improve safety for drivers and pedestrians. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Minimal FUNDING SOURCES Street Impact Fees, Developer Contribution for local share, other. Total cost estimates are shown. Design $360,000. Construction $1,800,000. New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:25 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)10 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF48 DEPARTMENT STREET IF PROJECT NAME COTTONWOOD (FALLON TO ALPHA) FY15 $2,543,640 FY17 Unscheduled DESCRIPTION OF PROJECT Widen Cottonwood Road from 2 and 3 lane sections to five lanes. This will match the section presently existing from Babcock to Fallon Street. This widening is required to ensure the configuration of Cottonwood Road on either side of Huffine Lane is consistent as required by the Montana Department of Transportation who have jurisdiction over Huffine Lane and south Cottonwood Road. This project will also include installation of bicycle lanes and completion of sidewalk connections on both sides of Cottonwood Road. This will complete the full build out of a principal arterial in a rapidly developing area of the community and leverage private development improvements. ALTERNATIVES CONSIDERED This project is needed to enable a Commission approved site development to proceed. The City could take no action which would prevent the private development from being constructed. ADVANTAGES OF APPROVAL Traffic on Cottonwood Road is rapidly increasing with four new subdivisions in near proximity at different stages in the review and development process. As a principal arterial, Cottonwood Road is one of the primary routes for travel within Bozeman and becomes a state highway south of Huffine Lane. The proposed project will provide additional traffic capacity in a rapidly growing area and will create a more functional roadway with a consistent cross section through its largest intersection at Huffine Lane. The overall project will also coordinate improvements in association with adjacent private development to complete key links in ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Routine O&M will be required once constructed. FUNDING SOURCES Impact fees are estimated at $1,702,000. Private development south of Huffine Lane will construction approximately $100,000 of project related improvements. Street maintenance funds (gas tax) may contribute approximately $125,000 for simultaneous coordinated repair work on existing lanes of Cottonwood Road north of Huffine Lane. The exact extent of the maintenance component has not been decided. These companion funds have not yet been committed. Three adjacent developments which deferred installation of sidewalks with prior development will be required to install those at the same time as the widening New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:40 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)10 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF49 DEPARTMENT STREET IF PROJECT NAME OAK STREET (15TH TO 19TH) FY15 FY17 Unscheduled DESCRIPTION OF PROJECT ALTERNATIVES CONSIDERED ADVANTAGES OF APPROVAL ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED FUNDING SOURCES New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:40 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)10 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20 $330,000.00 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF50 DEPARTMENT STREET IF PROJECT NAME LAUREL PARKWAY (DURSTON TO FALLON) FY15 $201,168 FY17 Unscheduled DESCRIPTION OF PROJECT Expand 0.78 miles of Laurel Parkway from Durston Road to Fallon Street from 2 lanes to 3 lanes with initial construction of the street. ALTERNATIVES CONSIDERED Defer widening until a future date when it will be more costly as existing road improvements will be damaged and require repair. ADVANTAGES OF APPROVAL The project would allow the construction of the new street with the center turn lane as depicted in the City’s adopted Transportation Plan. The turn lane adds approximately 33% additional capacity per Table 9-1 of the transportation plan compared to a two lane road. To later widen a street from 2 lanes to 3 lanes after it is constructed is one of the most costly ways to add capacity. Therefore, it is very cost advantageous to the City to fund this widening now to occur with the initial street construction. This amendment will support the next phases of the Norton East Ranch Subdivision and Valley West Subdivision. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED Routine O&M will be required once constructed. FUNDING SOURCES Impact fees $152,400, the balance of the work will be a subdivision project improvement. New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:20 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)10 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)0 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF51 DEPARTMENT STREET IF PROJECT NAME N 27TH (TSCHACHE TO OAK) - ENGINEERING SERVICES FY15 $475,200 FY17 Unscheduled DESCRIPTION OF PROJECT Engineering work for street design. ALTERNATIVES CONSIDERED ADVANTAGES OF APPROVAL ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED FUNDING SOURCES Impact Fees New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:25 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)10 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF52 DEPARTMENT STREET IF PROJECT NAME KAGY (WILLSON TO 19TH) - ENGINEERING SERVICES FY15 $858,000 FY17 Unscheduled DESCRIPTION OF PROJECT Engineering work to design the street. ALTERNATIVES CONSIDERED ADVANTAGES OF APPROVAL ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED FUNDING SOURCES Impact Fees New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:25 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)10 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF53 DEPARTMENT STREET IF PROJECT NAME OAK (NEW HOLLAND TO FERGUSON) - ENGINEERING SERVICES FY15 FY17 Unscheduled DESCRIPTION OF PROJECT Engineering work for design of this street. ALTERNATIVES CONSIDERED ADVANTAGES OF APPROVAL ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED FUNDING SOURCES Street Impact Fees New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:25 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)10 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 $1,056,000 FY20 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF54 DEPARTMENT STREET IF PROJECT NAME FERGUSON (BAXTER TO OAK) FY15 FY17 Unscheduled DESCRIPTION OF PROJECT ALTERNATIVES CONSIDERED ADVANTAGES OF APPROVAL ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED FUNDING SOURCES Impact Fees, Devloper Contributions and/or SID's New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:40 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)10 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20 $660,000.00 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF55 DEPARTMENT STREET IF PROJECT NAME BAXTER (19TH TO COTTONWOOD) FY15 FY17 Unscheduled DESCRIPTION OF PROJECT ALTERNATIVES CONSIDERED ADVANTAGES OF APPROVAL ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED FUNDING SOURCES Impact Fees and Developer contributions (TOP Funds for areas ajacent to Sports Complex.) New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:40 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)5 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)10 FY19 FY20 $4,422,000.00 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF56 DEPARTMENT STREET IF PROJECT NAME COTTONWOOD (OAK TO BAXTER) FY15 FY17 Unscheduled DESCRIPTION OF PROJECT ALTERNATIVES CONSIDERED ADVANTAGES OF APPROVAL ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED FUNDING SOURCES Impact Fees and Developer Contributions (TOP Funds for roadway ajacent to Sports Complex) New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:40 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)10 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20 $2,000,000.00 CIP Project Fund Impact Fees Streets PROJECT NUMBER SIF57 DEPARTMENT STREET IF PROJECT NAME OAK (FERGUSON TO COTTONWOOD) FY15 FY17 Unscheduled $2,500,000 DESCRIPTION OF PROJECT This Project is the completion of the street segment of Oak Street, from New Holland to Ferguson. Currently, the south half of the street is missing, creating a bottleneck in the street network. ALTERNATIVES CONSIDERED Leave as-is. Wait for the developer to build the street. ADVANTAGES OF APPROVAL This project will expand the capacity of our street network and improve safety for drivers and pedestrians. ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED minimal FUNDING SOURCES Street Impact Fees, Developer Contribution for local share, other. Total cost estimates are shown. Design $800,000. Construction $4,000,000. New Replacement Equipment Project Impact Fee Funds Project and Equipment Scoring TOTAL SCORE:40 FY18 REQUIRED - CAPITAL or DEBT SERVICE REQUIRED - USEFUL LIFE 10+ YEARS REQUIRED - CAPACITY EXPANDING BENEFITS TO NEW DEVELOPMENT: (Up to 20 pts)20 DIRECT BENEFITS: (Up to 10 pts)10 FUNDING CERTAINTY: (Up to 10 pts)5 COMMISSION WORK PLAN PRIORITY: (Up to 10 pts)5 FY19 FY20