HomeMy WebLinkAboutLID-Road Reconstruction Work Meeting 05MAR2025LID –Road Reconstruction
Work Meeting
Wednesday, March 5, 2025
Pavement
Life Cycle
Current Life
Cycle Costs
Revenue Sources
Actual Actual Actual Actual Actual Actual Actual Actual Actual Budget Average Last Per Year
Franchise Fees 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 Year 5 Years
2016 Compared
to 2025
Rocky Mountain Power 665,718 798,223 831,687 886,214 996,073 1,100,630 1,099,477 1,188,213 1,261,712 1,260,000 $ 1,008,795 $ 1,182,006 594,282
Intermountain Gas ------161,940 222,920 176,055 200,000 $ 76,092 $ 152,183 200,000
Fall River Electric ------2,568 2,420 4,420 2,500 $ 1,191 $ 2,382 2,500
Cable One ------22,291 15,387 21,272 14,000 $ 7,295 $ 14,590 14,000
Right of Way Maintenance Charge 509,491 504,416 596,245 600,300 599,600 622,500 658,296 667,700 747,312 784,800 $ 629,066 $ 696,122 275,309
State Fuel Tax 1,266,582 1,294,178 1,317,010 1,373,553 1,349,098 1,775,969 2,193,933 2,420,904 2,772,879 2,221,500 $ 1,798,561 $ 2,277,037 954,918
County Road & Bridge-Property Tax 825,843 809,080 875,068 902,383 812,775 620,396 587,229 410,595 319,909 217,021 $ 638,030 $ 431,030 (608,822)
Total Street Revenues-Major Sources 3,267,634 3,405,897 3,620,010 3,762,450 3,757,546 4,119,495 4,725,734 4,928,139 5,303,559 4,699,821 4,159,029 $ 4,755,350 $ 1,432,187
Transfer to Street Reconstruction or New Street Fund for
Projects $ 1,511,495 $ 1,608,581 $ 1,627,011 $ 1,733,493 $ 1,705,771 $ 1,788,884 $ 1,982,259 $ 2,988,853 $ 4,313,848 $ 1,478,000 $ 2,073,820 $ 2,510,369
One Time Extra Payment from State $ 1,064,131
City Council from 2018 through approximately 2022 decided to slowly move franchise fees from the general fund to the streets in an effort to increase street funding available to better address street needs
City Finance estimates that approximately $630,000 additional dollars come into the street reconstruction fund each year because of that budget decision
Long Term
Strategies to
Increase
Funding
LID’s
County Increase Levy Rate
•Redevelopment
Higher Density without Road Growth
Bond
Narrow Roads
Grants
State approves Special Sales Tax
Resolution
2020-25
Amending Cost
Sharing
Reimbursement
(p. 1)
Resolution
2020-25
Amending Cost
Sharing
Reimbursement
(p. 2)
USDA Single
Family
Housing
Repair Loans
and Grants
LID# 54 - Discussion