TEST TW WEATHER

2018 Town of Hammond Road Maintenance Proposal

                                      2018 TOWN OF HAMMOND ROAD MAINTENANCE PROPOSAL

 

                                                                      Purpose of Proposal

 

The purpose of this proposal is to ask the Town residents to increase the 2019 tax levy limit to allow the widening, milling and paving of 3 miles in the 2019 road construction year.

110th Ave. from 150th St. to 160th St.

110th Ave. from 160th St. to 170th St.

170th St. from 110th Ave. to 100th Ave.

Current estimate to widen, mill pave and replace culverts as necessary, $900,000.00.

 

                                                              Roads Recently Reconstructed

 

2013 70th Ave. from 150th St. to 160th St.  $142,129.59

2014 100th Ave. from 160th St. to 170th St.  $165,319.21 ($26,148.01 from LRIP)

2015 200th St. from County Rd. J to Hwy 12.  $193,548.67

2016 190th St. from Hwy 12 to 90th Ave.  $218,003.76 (Received $14,563.13 from LRIP)

2017 60th Ave. from County Rd. J to 170th St.  $248,351.64 (Received $39,000.00 from 2017 New Home Construction Impact Fees)

Proposed for 2018 110th Ave. from 170th St. to County Rd. T.  Est. $280,000.00 (received $16,109.76 from LRIP)

 

                                                                   State of Roads in the Town

 

Facts about Town of Hammond roads:

59.17 miles of Town roads to maintain. (Town Roads Only)

Roads are built and maintained to a 30 year life expectancy.

At 1 mile per year we need to get 60 years out of our road surfaces.

The Town of Hammond currently widens to 22ft. and paves to a thickness of 3”.

Currently all bridge maintenance is up to date.

 

                                                              Types of Road Maintenance

 

Roads requiring reconstruction.

Crack Filling at $4,000.00 per day.

Spray Patch at $4,500.00 per day.

Chip Sealing at $15,000.00 per mile.

Mowing/Summer Clean-up and Winter Maintenance.

 

                                                           How We Fund Road Maintenance

 

New Home Construction Impact Fees.

LRIP (Local Road Improvement Program).

Transportation Aid (Currently $2,389.00 per mile, total $141,357.13 in 2018).

The Town of Hammond Road Maintenance 2018 Budget is $355,289.00 (Road Construction, Snow Removal and Road Maintenance).

 

 

                                                                    Levy Increase Formula

 

Town of Hammond Estimated Assessed Value $196,620,580.00

 

$300,000.00 / $196,620,580.00 = $.001525

$.001525 X $100,000.00 = $152.58

 

$600,000.00 / $196,620,580.00 = $.003051

$.003051 x $100,000.00 = $305.10

 

$738,000.00 / $196,620,580.00 = $.00375

$.00375 x $100,000.00 = $375.00

 

$73,500.00 / $196,620,580.00 = $.000375

$.000375 x $100,000.00 = $37.50

 

                                                               Estimated Cost per Taxpayer

 

$300,000.00 Levy Increase for 1 additional mile would equal $152.58 per $100,000.00 assessed value.

                                                                                                             $152.58 x 4 = $610.32

 

$600,000.00 Levy Increase for 2 additional miles would equal $305.10 per $100,000.00 assessed value.

                                                                                                               $305.10 x 4 =$1220.40

 

$600,000.00 Borrowed (loan) for 10 years with fees at 4.25% = $738,000.00

                       Borrowed money needs to have a levy increase to cover the loan payment.

$738,000.00 Levy to cover loan would equal $375.00 per $100,000.00 per assessed value.

                                                                                $375.00 x 4 = $1500.00

 

$73,800.00 annually ($6150.00) per month would equal $37.50 per $100,000.00 assessed value.

                                                                                                     $37.50 x 4 = $150.00

 

Thank you from the, 

Town of Hammond Board and Town of Hammond Plan Board

 

Questions and / or comments:                                         

pahueg@hotmail.com

 

 

August 6, 2018