when the need comes. OM&P impacts are estimated at $25,000 annually. <br />South 32na Street and Main Street Intersection improvements -The City was obligated as a <br />condition of the agreements for the development of the Sports Center. and related developments <br />on South 32na Street to fully improve South 32na Street. A portion of that work was completed <br />this past summer in a timely manner to not hold up development approvals for the Sports Center. <br />This coming spring/summer (2005), the City hopes to complete the construction of South 32na <br />Street, modify the signal and intersection at Main Street, construct a deceleration lane along Main <br />Street, and construct a stub of public roadway north of Main Street. Funding for the project is <br />split between the City, the commercial development property at Main Street, ODOT, and Les <br />Schwab (for the northern stub). Total project cost will be approximately $500,000. OM&P <br />impacts are expected to be small as this replaces a deteriorating substandard street section that <br />was already in City jurisdiction. <br />South 42na Street Improvement, Main Street to Jasper Road -The City recently received <br />jurisdiction of this section of former State Highway and has received payment of $4.125 million <br />from ODOT to pay for full improvement of the road. The project has been divided into two <br />phases; Mt. Vernon Road to Jasper Road as phase 1 and Main Street to Mt. Vernon Road as <br />phase 2. Phase 1 of this project is currently in the design phase and scheduled for construction in <br />2005. The balance of the project, Phase 2, is scheduled for construction in 2006. It is anticipated <br />that the. cost of the project will be significantly less than the full amount of the ODOT payment <br />and that up to $800,000 maybe available for ongoing street maintenance and preservation. <br />OM&P impacts from taking on this new road responsibility are estimated at $46,000 annually. <br />21St Street Reconstruction Main Street to Centennial Boulevard -This is phase 2 of the 21St <br />Street improvement project and is currently in the design phase. Phase 1 of this project <br />(Centennial Boulevard to Olympic Street) was completed in 2004. Phase 2 will include new <br />widened pavement with bike lanes, curbs, sidewalks, illumination, and drainage modifications. <br />i <br />Total project cost for phase 2 will be approximately $1,220,000. OM&P impacts are expected to <br />be small as this replaces a deteriorating substandard street section that was already in City <br />jurisdiction. <br />Total OM&P impacts of the projects identified above equal an estimated $156,000 per year over <br />the life of the projects. <br />In addition to the above major projects, several other projects are also already budgeted and <br />scheduled, including: 1) several smaller drainage projects; 2) an intersection improvement at the <br />42na Street/Hwy 126 west bound on-ramp; and 3) several master plan updates such as our <br />Stormwater Master Plan and Sanitary Sewer Master Plan. Some of these smaller drainage <br />projects were reprioritized to reschedule those which are not urgent and which cannot be done <br />within a reasonable time period. <br />For the 2005-2010 five year outlook, one. of the most significant aspects of this CIP is the <br />increase of funds available through the Street Fund. Due to funding made available through the <br />local gas tax and from a new higher level of Surface Transportation Program funding, the City <br />