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RESOLUTION R-1819-52: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $3,104,154 FROM THE 2010 STREET MAINTENANCE BOND PROGRAM (CAPITAL) FUND TO BE USED TO FUND OTHER STREET PROJECTS.
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BACKGROUND: In the Norman General Obligation Bond Election of March 2010, voters approved the City’s 5-year Street Maintenance Bond Program. This program includes four categories of street maintenance projects as follows:
• Urban Asphalt Street Maintenance
• Urban Concrete Street Maintenance
• Rural Road Maintenance
• Urban Street Reconstruction
All the street maintenance bond projects under the 2010 Street Maintenance Bond Program were proposed to be completed in five years with the approved program budget of $19,000,000. The estimated total project cost included approximately 20 percent contingency. Staff confirms that 308 neighborhood street maintenance projects were completed under the program, as promised in the March 2010 Bond Election. By statute, these funds must be spent on street maintenance projects in Norman. The neighborhood streets selected were based on the City’s Pavement Management System.
DISCUSSION: With the completion of the last two projects, the total number of streets completed under the 2010 Street Maintenance Bond Program was 308.
The approved budget for the 2010 Street Maintenance Bond Program was $19, 000,000. The total up to date cost for completing all the streets is $16,039,795.27 or 84% of the total program budget. The total remaining Bond Program Fund balance to date, including accrued interest is $3,104,154.
Additional Street Maintenance and Transportation projects have been identified that can use the 2010 Street Maintenance Bond Program Fund balance as follows:
1. Appropriate $2,000,000 from 2010 Street Maintenance Bond Program (Capital) Fund Balance (050-0000-253-20-00) to Project BP0197, 36th Avenue NW, Tecumseh-Indian Hills, Construction (050-9552-431.61-01).
2. Appropriate the remaining 2010 Street Maintenance Bond Program (Capital) Fund Balance (050-0000-253.20-00) of $1,104,154 to Project BP0415, E. Interstate Drive, Main-Robinson, Construction (050-9385-431.61-01).
The City’s 2012 Transportation Bond Program is over budget due to unforeseen expenses on the West Lindsey Street Bond Project. The City must complete the three remaining projects in the 2012 Bond Program. This proposed budget appropriation will make up part of the deficit in the City’s local share of the 2012 Bond Program. Council discussed this matter at a Council Study Session on Tuesday, November 20, 2018 as part of the FYE 2020 Capital Budget Retreat.
Project BP0415, made possible by the remaining budget appropriation, is a new street maintenance project that is currently needed but it is not funded through other available capital or bond programs. The project is located on East Interstate Drive between Main Street and Robinson Street, aka “mile of cars”. The asphalt street was constructed in the late 1950’s in conjunction with the I-35 construction. The street is currently in poor condition due to high traffic volumes, heavy traffic loads and impacts of the recent I-35 widening. This is also a street that cannot be totally closed to traffic for construction due to limited access to commercial properties, including numerous auto dealerships. City staff is currently assembling a project design team to determine an ideal street maintenance approach and timeline while maintaining access to local businesses. If authorized by Council, this project will be conducted in Spring or Summer 2019.
RECOMMENDATION: Staff recommends adoption of Resolution R-1819-53 which appropriates $2,000,000 from 2010 Street Maintenance Bond Program (Capital) Fund Balance (050-0000-253-20-00) to Project BP0197, 36th Avenue NW, Tecumseh-Indian Hills, Construction (050-9552-431.61-01). and the remaining 2010 Street Maintenance Bond Program (Capital) Fund Balance (050-0000-253.20-00) of $1,104,154 to Project BP0415, E. Interstate Drive, Main-Robinson, Construction (050-9385-431.61-01).