Memorandum

City of Lawrence

Public Works Department

TO:	David L. Corliss, Cynthia Boecker, Diane Stoddard, Jonathan Douglass
FROM:	Charles F. Soules
CC:	Shoeb Uddin
Date:	May 12, 2010
RE:	May 18, 2010 Agenda Item Project No. PW1012 - Iowa Street, from Yale Road to Bob Billings Parkway Resolution 6889 Authorizing Issuance of General Obligation Bonds

Please include the following item on the City Commission agenda for consideration at the May 18, 2010 meeting:

RESOLUTION 6889 - A RESOLUTION ORDERING THE IMPROVEMENT AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR CERTAIN MAIN TRAFFICWAY IMPROVEMENTS WITHIN THE CITY OF LAWRENCE, KANSAS.

Project History.  Iowa Street (from Yale Road to Irving Hill Overpass) was built in 1952 and has been milled and overlaid several times. The original pavement is at the end of its design life and has required more frequent maintenance measures, i.e. potholes, base repair, full depth patching etc. The extensive pavement deterioration caused by this past winter could not be addressed by routine maintenance alone and comprehensive maintenance was undertaken in March which is expected to extend the life of the pavement for a couple more years.

Project Status.

On April 27, 2010 the City Commission authorized staff to proceed with a complete reconstruction of Iowa from Yale Road to Bob Billings Parkway, including a center turn lane and related items.

Project Funding.

Complete reconstruction of Iowa (Yale Road to the intersection at Bob Billings Parkway), estimated construction cost at $5.5 million, plus engineering and right-of-way, could be financed:

$1,000,000 - from City Sales Tax for annual street maintenance projects.  (Sales Tax Spending Plan - added 05/24/10)

$  800,000 - Federal Aid Safety Funding (will be eligible only if there are safety improvements   included in the scope of the project, such as center turn lane or median island.

$3 million -   Surface Transportation Program (STP) (federal funds the City receives annually for transportation projects).

$1.25 million-General Obligation Bonds.

Action Request. Adopt Resolution 6889 ordering the improvement and authorizing the issuance of General Obligation Bonds.

Respectfully Submitted,

Charles F. Soules, P.E.

Director of Public Works