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Cost Sharing & Assessment Methods Typically, the cost of upgrading existing street and drainage infrastructure is assessed among property owners based upon linear feet of frontage, or lot area. In the area west of the interstate there are nearly six hundred lots of varying size and shape, with the average lot having about 147 linear feet of street frontage. 50% of the lots have 84 feet or less of street frontage.

Thank you for participating in this problem solving meeting series.

There are many ways gravel streets can be converted to paved surfaces. Four different paving standards are possible, ranging from basic ribbon paving to fully-paved standard streets.

2018 City Goals Financial Health & Stability And Improving Streets & Storm Drainage  Continue fiscal sustainability effort Basic Ribbon Paving

Ribbon Paving with 5’ Sidewalk

Fully Paved Street with Attached Curb, Gutter & Sidewalk

*Estimated Cost to Convert Gravel Street to . . . Lot Size

Lot Frontage (Linear Feet)

Ribbon Paved Surface

Standard Paved Surface

Minimum

12.00

$2,004

$3,204

Quartile1

65.56

$10,949

$17,505

MID/Quartile2

84.00

$14,028

$22,428

Quartile 3

179.61

$29,995

$47,956

Maximum

2208.20

$368,769

$589,589

*These are estimates only at this point. As we get further into the process, we will continue to refine the numbers.

Free expression is an important democratic value in Laramie! To encourage and respect all views and speakers, meeting rules prohibit clapping, booing, or shouts of approval or disagreement .

 Identify and prioritize new revenue sources  Adopt a financial policy for improving unpaved streets, and corresponding areas of insufficient drainage...that considers both municipal and neighborhood funding options  Complete at least one storm drain project each year as identified in the Storm Drainage Improvement Plan  Adopt a street improvement plan to bring the overall Pavement Condition Index (PCI) to non-critical level by 2025  Renew local option penny taxes

MEETING AGENDA A. Informational Presentation B. Group Q & A C. Open House Your opinion and thoughts on this matter are greatly valued! Please complete the questionnaire, either in writing or online at: https://cityoflaramie.org/1015/StreetFinancing-Public-Dialogue-Problem And, should you wish to do so, we invite you to submit any additional comments or questions you might have . . . . . . By Email FundingStreets&Drainage@cityoflaramie.org . . . In Writing City of Laramie, City Manager’s Office P.O. Box C Laramie, WY 82073


Looking Back: A Decade of Investment

Looking Forward to the Future

In 2007, the City initiated an aggressive multi-year program of street and drainage improvement projects in the area west of the interstate. Gravel roads were converted to paved surfaces, and many miles of underground storm mains were installed. Throughout the community, significant investments were made to maintain and improve existing paved streets as well.

As we look to the upcoming decade, maintaining the existing street system in its current condition is estimated to cost roughly $ 27.25 Million. Improving the street system will require an estimated $71 to $91 Million, depending upon the degree of improvement the community desires to make.

The total investment between 2007 and 2017 was well over $20 Million, or $2 to $2.75 Million per year on average, for street and storm drainage 2018 Municipal Street System Inventory work. This work was paid for largely with one-time funding West of available from state and federal City-Wide Interstate government sources.

One-time funding used to pay for past street and storm drainage work is no longer available. However, voters did just approve annual funding of roughly $1.5 Million per year for future street and storm drainage work from the 6th Penny Sales Tax. And, the City is eligible for modest loans from state & federal sources that could help finance some of the needed storm drainage work.

Today, only 8.2% of Laramie streets remain unpaved, with the vast majority of those streets located west of 3rd Street.

Paved

122

12.1

Gravel

17

11.5

139

23.6

Total Miles

NOTE: Cost to Maintain The Pavement Condition Condition of Street / Index (PCI) is a Drainage System numerical index between 0 and 100 used to indicate Paved Street Av. PCI the general condition of = 60 pavement. It is a Gravel roads statistical measure and unchanged. requires manual survey of the pavement.

Cost to Improve Condition of Street / Drainage System

Cost to Improve Condition of Street / Drainage System

Paved Street Av. PCI = 65-75 Gravel roads converted to ribbon pavement with sidewalk/path.

Paved Street Av. PCI = 65-75 Gravel roads fully paved to standard street with curb/gutter/sidewalk.

$ 25.0 M

$ 45.0 M

$ 45.0 M

Gravel Streets

$ 2.25 M

$ 26.0 M

$ 46.0 M

Streets =

$ 27.25 M

$ 71.0 M

$ 91.0 M

Storm Drainage =

$ 7.5 M

$ 79.5 M

$ 79.5 M

10-Yr. Need Street / Drainage System =

$ 34.75 M

$ 150.5 M

$ 170.5 M

Paved Streets

Financing Tools : Municipal, Private, & Public-Private Partnership (PPP) A commonly used tool for financing upgrades to existing infrastructure is the formation of a Local Improvement District (LID) by benefitting property owners.    

Property owners vote to form the LID. Property owners choose whether to secure private financing from bank, or to pay for all, or a portion, of the improvement work upfront. LID can partner with municipal government to share the cost of improvements. When a City-LID partnership is used to finance improvements, low–interest tax exempt bonds are issued by the municipality for any remaining amount of unpaid property owner assessments.  Liens on the properties remain until assessments are paid in full.  Assessments can be levied on properties for up to 15 years. Property tax mill levy is not assessed.


Cost Sharing & Assessment Methods Typically, the cost of upgrading existing street and drainage infrastructure is assessed among property owners based upon linear feet of frontage, or lot area. In the area west of the interstate there are nearly six hundred lots of varying size and shape, with the average lot having about 147 linear feet of street frontage. 50% of the lots have 84 feet or less of street frontage.

Thank you for participating in this problem solving meeting series.

There are many ways gravel streets can be converted to paved surfaces. Four different paving standards are possible, ranging from basic ribbon paving to fully-paved standard streets.

2018 City Goals Financial Health & Stability And Improving Streets & Storm Drainage  Continue fiscal sustainability effort Basic Ribbon Paving

Ribbon Paving with 5’ Sidewalk

Fully Paved Street with Attached Curb, Gutter & Sidewalk

*Estimated Cost to Convert Gravel Street to . . . Lot Size

Lot Frontage (Linear Feet)

Ribbon Paved Surface

Standard Paved Surface

Minimum

12.00

$2,004

$3,204

Quartile1

65.56

$10,949

$17,505

MID/Quartile2

84.00

$14,028

$22,428

Quartile 3

179.61

$29,995

$47,956

Maximum

2208.20

$368,769

$589,589

*These are estimates only at this point. As we get further into the process, we will continue to refine the numbers.

Free expression is an important democratic value in Laramie! To encourage and respect all views and speakers, meeting rules prohibit clapping, booing, or shouts of approval or disagreement .

 Identify and prioritize new revenue sources  Adopt a financial policy for improving unpaved streets, and corresponding areas of insufficient drainage...that considers both municipal and neighborhood funding options  Complete at least one storm drain project each year as identified in the Storm Drainage Improvement Plan  Adopt a street improvement plan to bring the overall Pavement Condition Index (PCI) to non-critical level by 2025  Renew local option penny taxes

MEETING AGENDA A. Informational Presentation B. Group Q & A C. Open House Your opinion and thoughts on this matter are greatly valued! Please complete the questionnaire, either in writing or online at: https://cityoflaramie.org/1015/StreetFinancing-Public-Dialogue-Problem And, should you wish to do so, we invite you to submit any additional comments or questions you might have . . . . . . By Email FundingStreets&Drainage@cityoflaramie.org . . . In Writing City of Laramie, City Manager’s Office P.O. Box C Laramie, WY 82073

Street & Storm Drainage Financial Planning Brochure  
Street & Storm Drainage Financial Planning Brochure  
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