Title
Resolve relative to the completion of roadwork associated with water main replacement.
Body
Resolved: That it is the sense of the City Council that the Mayor authorize the attached Road Plan Proposal for the continuation of the roadwork associated with water main replacement, which also includes a plan for the allocation of Chapter 90 funds, per the updated schedule contained in the Mayor’s communication dated April 28, 2015.
Road Plan Proposal
Remaining Costs
10 Streets (page 1) $1,490,000.00
Estimated Costs to complete
8 Streets in 2015
already prepped (p2) $1,600,200.00
Estimated Costs to design
9 Streets already
surveyed for 2016 (p4) $ 80,850.00
Estimated Costs to Survey
and Design 24 Streets (p5) $ 281,700.00
Estimated Cost to Survey and
Design Remaining Streets (p6) $ 265,440.00
TOTAL: $3,718,190.00
Amounts Owed for
prior contracts $ 557,300.00
Total Needed to be ready
to complete all streets by
EOY 2016 $4,275,490.00
Water and Sewer Enterprise
Fund Reserves $1,400,000.00
Remaining Bond Funding $1,700,000.00
Chapter 90 Funding 2015 $1,175,490.00
Suggested method of Funding $4,275,490.00
Remaining Chapter 90 Funding divided equally among the Wards by Dollars: $800,000.00
(Each Ward Councillor would decide where the 100K was to be spent.
Each Ward is provided with $100,000 in Chapter 90 funds)
Chapter 90 Funds used $1,975,490.00
Total Chapter 90 Funds Available $2,400,000.00
Remaining Chapter 90 Funds
determined by Mayor $424,510.00
Further Mayor sends down $1,600,000 Bond to continue program
($200,000 per Ward for ripping up streets. Each Ward Councillor would decide which streets from a list provided by Engineering. At $300 per ft this will provide 666 Ft)