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<br />appropnated in FY09 in_the.Pavement Preservahon Program Usuig a portion of this fund
<br />:.,_ proposed..Crest Dnve; _Storey Boulevard and~ Frieridly: Street~improvemerits ~would mean l ~y
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<br />st~bli o~e ~set aside funds fo.r.the eventual replacem
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<br />~ iritention:to use:.$1 million of this balance for pothole work m FY10 The balance has be n e
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<br />-. for the-City Hall .master plan .project. Use of this reserve for other'projects means~ that eit
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<br />'~. Hall'master plan projects would need to be scaled back due.to less funding, or:the City "Co unci l would
<br />~need to ask'voters for,additional funding`for the project ,
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<br />nt Fund ~-'This fund was established to provide interim funding for str
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<br />.~ assessments for~partially or urideveloped large lots. At;the hme of development of the lot
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<br />~is balance for:flie proposed Cres
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<br />'. Boulevard and Friendly Street improvements may,result m insufficient funding for delayed as~
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<br />for.future street..improyement pro~ects ; ' - . ' ~~. ~. !
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<br />z~. System Development Charge Fund;.= The-current methodology restricts the use of SDC~~funds to: the °:
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<br />arterial and collector street system. The Crest Drive rieighliorhood has stated on numerous o,`c~ .
<br />casions ~~
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<br />~ that it opposes the classification of.the Crest. Dn~e area streets as anything but local-streets. -;1Ti
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<br />~ he .City ,_
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<br />Attachment
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<br />Council will corisider the issue of street classification later.this fa11. emo~~,
<br />to ~
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<br />tlle Mayor arid. City ;Council clated July 17; 2008, respondirig to a:council assignnient outl irung l
<br />the steps";; -. .
<br />, necessary'to be :able to spend SDC`funds: on unclassifie,d streets.'In addition to the issu.es ~ outh' ned in~~ the~ ,; ~ _
<br />-~ memo .use of SDC_funds for this project would mean that other pro~ects;currently fundedl
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<br />:~-. ~ s t ag e s o f p r o ~ e c t d e v e l o p m e ri t w o u l d h a v e t o ' b e; d e l a y e d. .~
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<br />;~';Local Gas Tax = The ordinance establishing tlie, local gas~tax~.limits ~the.use'of the revenuf to . ~~
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<br />~ reconstruction, repair, mauitenance, operation and preservation. An amendment to the ordina
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<br />be ado ted that would allow :the.furids to be ex ended,on the Cit s share'of unim roved stree
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<br />, ~ improvements. With this alternative an intenm,source of funds would have to be.identified to !: ~- ~
<br />~ ~ immediately fund the uutiation of the firial design to maintain- a~2009"construction start . Using a po,rt
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<br />- of this°funding for tlie proposed Crest Drive,`Storey Boulevai~d and :Friendly Street improvements w~o ion.
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<br />uld .' . :
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<br />. ;: mean less funding of pavement preservation pro~ects to~ address the more than $170 milhon backlog~" or~
<br />' ~- the ~improved street system.: ° ~ , ' . , :,
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<br />` Z \CM0~2008 Council.Agendas~IvI
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<br />Council Agenda pege 30 .
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