File #: Res. 2015-74R    Version: 1 Name:
Type: Resolution Status: Individual Consideration
File created: 6/24/2015 In control: City Council
On agenda: 7/7/2015 Final action:
Title: Consider approval of Resolution 2015-74R, expressing the City's official intent to reimburse the costs of the Mill Street, Loop/Alto Street repaving, and Stagecoach Trail widening; in accordance with the attached Exhibit A; and declaring an effective date.
Attachments: 1. Reimbursement Resolution - July 7, 2015 Regular Meeting - $469,068, 2. Loop Street Location Map.pdf, 3. Stagecoach Mill-Overlay - Map -, 4. Mill Street Map.pdf

AGENDA CAPTION:

Title

Consider approval of Resolution 2015-74R, expressing the City’s official intent to reimburse the costs of the Mill Street, Loop/Alto Street repaving, and Stagecoach Trail widening; in accordance with the attached Exhibit A; and declaring an effective date.

Body

Meeting date:  July 7, 2015

 

Department:  City Manager’s Office, Steve Parker, Assistant City Manager                                                               

 

Funds Required:  $469,068 ($359,068 General, $110,000 Drainage)

Account Number:  To be determined                     

Funds Available:  FY 2015 Bond Sale

Account Name:  Mill Street, Loop/Alto Street, Stagecoach

 

CITY COUNCIL GOAL: 

 

 

COMPREHENSIVE PLAN ELEMENT(s): [add the Plan elements and Goal # and Objective(s)]

 

 

 

BACKGROUND:

 

The City of San Marcos is in the process of issuing the FY 2015 Certificates of Obligation to fund the City’s Capital Improvement Program. They are also currently finishing their FY 2016 Capital Improvements plan.  During the process, staff has determined that there are a couple of projects that need to be added to the issuance that will occur for the FY 2015 sale.  These projects include:

1.                     Mill Street- Reconstruct 243 feet of pavement which has failed.  Mill Street is currently programmed in as a FY2016/17 project but these repairs are necessary in order to maintain the integrity and safety of the road until the complete reconstruction is done.  The estimated cost of this project is $31,487 and will be done with in-house crews.

2.                     Loop Street and Alto Street- Repaving 15,447 square yards of roadway which was impacted by the installation of the new water line on Loop Street.  The estimated cost of this project is $84,001 and will be done with in-house crews.

3.                     Stagecoach Trail- At the June 16th meeting the City of San Marcos approved a contract through a joint agreement with the San Marcos School District that would modify Stagecoach Trail from Hunter Road to Snyder Hill.  The initial money was programmed into the FY2016 bond program but the work will actually take place this summer so staff is recommending that the debt be issued with the FY 2015 bond sale.  The total cost of this project is $353,580 of which $110,000 is for drainage improvements.  This projected will be completed by a combination of a general contractor as well as city staff.