Design and planning are underway. We anticipate publically bidding the project in February 2021 and awarding a construction contract in April 2021. Work will begin in May 2021 and continue through the end of 2022.
City Council passed Resolution R2020-42 on December 15, 2020 creating the Street Levy Fund. All receipts derived from the new 0.25% income tax shall be deposited into this fund, and shall be used solely for the construction, repair, improvement and maintenance of streets and roads within the City, including paying the bond issued related to the street paving project that will commence in 2021. This new Street Levy Fund will account for revenues and expenses related to the Street Levy paving only. This fund will be audited by external auditors (either the State or auditors appointed by the State) to ensure compliance will all ordinances and resolutions passed by City Council. A bond issue of approximately $31.3 million will be issued in 2021 and the annual payments on this bond issue will be made with the 0.25% income tax receipts. Any revenues in excess of the annual bond payment amounts will be used for additional local paving.
0.25% or $125 per every $50K of annual income - confirmed
Several factors are considered when choosing specific streets. These include:
- Pavement Condition
- Traffic Volume/Safety Concerns
- Maintenance Cost (i.e. are we constantly filling potholes)
- Utility Considerations (i.e. are any water, sewer, gas or electric projects scheduled)
- Complaints Received
This program will focus almost exclusively on residential local and secondary streets. Existing funding sources will be utilized on State Routes, arterials and thoroughfares.
May 2021 weather permitting
The project will be put out to bid and the contractor with the lowest and best bid will perform the work.
We have a 2021 Local Street Improvement Project that includes approximately 15 streets (or sections of streets). Additionally, SR 73 from Germantown Rd. to the East City Limits will be paved by ODOT (City funds a portion of the work). We will also be replacing the water main on a several streets and will pave those streets once the water main work is completed.