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Home My WebLink AboutAgenda Packet - 1995-06-01 PM• AGENDA CITY OF LAKE OSWEGO CITIZENS' BUDGET COMMITTEE Council Chambers 380 A Avenue Lake Oswego, Oregon 97034 June 1, 1995 5:30 P.M. I. Call to Order II. Roll Call • III. Approval of Minutes -- May 18, 1995 IV. Citizen Comment V. Street Financing VI. Review of 1995-97 Budget Process VII. Adjournment • TRANSPORTATION PROJECTS FINANCING Maintenance Projects Total $ 5,389,000 Assumed Bond Issuances: July 1,1996 $ 2,727,000 July 1,1998 $ 2,662,000 1996-97 1997-98 1998-99 1999-2000 Estimated Annual Debt Service $278,000 $278,000 $549,000 $549,000 Gross Property Taxes Required $ 309,000 $ 309,000 $ 610,000 $ 610,000 (90%) Projected Assessed Value $ 3,465,022 $ 3,742,000 $ 4,041,000 $ 4,364,000 (Thousands of Dollars) Projected Tax Rate $ 0.09 $ 0.08 $ 0.15 $ 0.14 (per$1,000 of Real Market Value) Improvement Projects Total $ 6,239,000 Assumed Bond Issuances: July 1,1996 $ 3,119,500 July 1,1998 $ 3,119,500 • 1996-97 1997-98 1998-99 1999-2000 Estimated Annual Debt Service $318,000 $318,000 $635,000 $635,000 Gross Property Taxes Required $ 353,000 $ 353,000 $ 706,000 $ 706,000 (90%) Projected Assessed Value $ 3,465,022 $ 3,742,000 $ 4,041,000 $ 4,364,000 (Thousands of Dollars) Projected Property Tax Rate $ 0.10 $ 0.09 $ 0.17 $ 0.16 (per$1,000 of Real Market Value) Combined Property Tax Rate Impact 1996-97 1997-98 1998-99 1999-2000 Maintenance Projects $ 0.09 $ 0.08 $ 0.15 $ 0.14 Improvement Projects $ 0.10 $ 0.09 $ 0.17 $ 0.16 TOTAL $ 0.19 $ 0.17 $ 0.32 $ 0.30 $.01 of the Tax Rate Generates: $ 34,650 $ 37,420 $ 40,410 $ 43,640 . Annual Property Taxes on a $200,000 Property $ 38.00 $ 34.00 $ 64.00 $ 60.00 • TRANSPORTATION PROJECTS Maintenance (In Thousands of Dollars) 1995-96 1996-97 1997-98 1998-99 1999-2000 Total Overlays/Reconstruction Maintenance Overlays 60 63 67 70 73 333 Kruse Way Overlay 1,305 1,305 Lakeview Blvd Overlay 743 743 Bryant Rd Overlay 260 260 Laurel Overlay 148 148 Lake Forest Dr Overlay 117 117 N.Shore/N.Shore Cir.Overlay 175 175 S Durham St.Construction 48 48 Bickner St.Reconstruction 26 26 Childs Rd.Overlay 308 308 Pilkington Rd.Overlay 183 183 Chapin Way Overlay 88 88 Oak Street Reconstruction 396 396 Oakridge 76 76 Washington Ct. 150 150 Fosberg 210 210 Douglas Way Overlay 118 118 Twin Fir Rd.Overlay 484 484 Carman Dr.Overlay 140 140 Pathways Chapin Rd./Cherry Lane 81 81 TOTAL $ 1,365 $ 292 $ 1,070 $ 1,529 $ 1,133 $ 5,389 • TRANSPORTATION PROJECTS Improvements (In Thousands of Dollars) 1995-96 1996-97 1997-98 1998-99 1999-2000 Total Roadways Neighborhood Traffic Management Devices $ 45 $ 50 $ 55 $ 60 $ 65 $ 275 Intersections McVey/South Shore 388 388 III State/Terwilliger 1,180 1,180 Kea Signals 550 550 Kruse Way/Westlake 120 120 State&A,State&McVey 556 556 Roadways A Avenue 2,490 2,490 Kruse Transit 360 360 Pathways Childs 120 120 Melrose 40 40 South Shore 45 45 Carman 100 100 Wheel Chair Ramps 15 15 TOTAL $ 753 $ 966 $ 4,275 $ 180 $ 65 $ 6,239 III IMPROVEMENT PROJECTS OPTIONS (In Thousands of Dollars) Option A Option B A Avenue $ 2,490 A Avenue $ 2,490 Pathways 320 State/McVey/A 556 Pathways 320 TOTAL $ 2,810 TOTAL $ 3,366 Property Tax Rate Impact $0.09 $0.11 Option C Option D All except A Avenue $ 3,429 McVey/S.Shore $ 388 Pathways 320 Kruse/Westlake 120 State/McVey/A 556 TOTAL $ 3,749 A Avenue 2,490 Pathways 320 TOTAL $ 3,874 111 Property Tax Rate Impact $0.12 $0.13 Option E Option F A Avenue $ 2,490 A Avenue $ 2,490 State/McVey/A 556 McVey/S.Shore 388 State/Terwilliger 1,180 Kruse Transit 360 Pathways 320 State/McVey/A 556 State/Terwilliger 1,180 TOTAL $ 4,546 Pathways 320 TOTAL $ 5,294 Property Tax Rate Impact* $0.15 $0.17 Option G All Improvements $ 6,239 Property Tax Rate Impact* $0.20 * Options E,F,and G would probably involve two separate issues separated by 111 two to three years,reducing the initial and peak tax rate impact from that shown. ``�{OF LAKE OS wFCO Public Works Department MEMORANDUM OREGO$ TO: Tom Coffee, Asst. City Manager FROM: Jerry Baker, City Engineer RE: Proposed Transportation Improvement Projects for Bond issue DATE: June 1, 1995 TRANSPORTATION IMPROVEMENTS • INTERSECTIONS A Avenue Improvement: This is a continuation of the demonstration street project to improve A Avenue from State Street to 3rd Street. A Avenue has moderate rutting, deteriorating asphalt that has been overlaid many times over the year to the point that the street and sidewalk need to be regraded and adjusted. This will require that the drainage system be redesigned. First and Second Streets will be signalized for pedestrian safety and shoppers' convenience. Work will include engineering, demolition, grading, paving, traffic signals and channelization. *$2,490,000 *Total project cost with LORA, SDC and water participation is $2,700,000. State Street State and A: Improvement includes the installation of one additional right turn lane to the northbound approach of A Avenue. This will improve the operation of the existing traffic signal and alleviate some of the congestion on A Avenue. The cost includes engineering, demolition, a new traffic signal, curb and sidewalk work, and some grade work on A Avenue. 111 Page 1 of 3 S State and McVey: Improvement consists of adding two opposing left turn lanes on Highway 43 at McVey to solve a safety problem. Left turn accidents occur at rate of about 6 to 10 per year. The cost includes engineering, street widening, bridge widening, traffic signal modernization. Total City participation of State Street projects $556,000 This amount is 30% of project cost. State has committed 50% and Clackamas County will provide 20% of the project. South Shore and McVey: Improvement consists of reconstruction of the intersection and the installation of a traffic signal. This intersection is congested and it is very difficult to enter the stream of traffic on McVey from South Shore. This project was projected to be installed in conjunction with commercial development of Grimm's Corner to obtain the right-of-way necessary for the addition of traffic lanes and rechannelization. Work includes engineering, street << demolition, right-of-way acquisition, traffic signal, channelization. $388,000 Kerr Parkway Traffic Signals: This project includes traffic signal installation at Kerr and Touchstone and Kerr and Lower McNary. The signals will create gaps in the traffic stream on Kerr and allow side street traffic access to occur. Left turn lanes will also be installed on Kerr Parkway. The project will include . engineering, right-of-way acquisition, traffic signals, channelization, and paving at intersections. $550,000 Terwilliger/Hwy. 43: This project consists of the reconstruction of the intersection and a traffic signal. A major traffic safety issue will be the addition of a left turn lane for traffic from Highway 43 onto Terwilliger. Work includes engineering, demolition, rock excavation, grading, traffic signal, paving, and channelization. $1,180,000 Kruse Way and Westlake Drive: This improvement would allow a right turn lane from Kruse Way onto Westlake. The project would improve the safety of the intersection by removing the potential of a rear end collision from vehicles slowing to make a right turn. This project would include engineering right-of- way acquisition, grading, signal changes, and paving. $120,000 PATHWAY CONNECTIONS Chapin/Cherry Lane Pathway (Chapin Way to Hallinan School): This pathway is along Cherry Lane and will be used as a school route and a way for children and adults to access the school playground. Some drainage work along . the road will be necessary to provide enough pathway walking width. This project should be done in conjunction with the Chapin Street overlay project. $81,000 Page 2 of 3 . Melrose (Bunick to 300' east): The project is on the south side of Melrose. It connects completed pathways on either side. It is a school route and will connect to the park from the school. $40,000 South Shore (Westview to Blue Heron): This pathway will enable the Blue Heron residents to access the South Shore pathway at a crossing at an all-way stop. $45,000 Carman Drive (Waluga to Quarry): This pathway will be on the east side of Carman Drive. It will complete the circular route or loop around Waluga path. It will enable the young students from lake Grove Elementary to use this path as a school route and a route to Waluga Park. $100,000 Childs Road Pathway (Canal Road to Sycamore): This pathway will connect the sidewalk of the Childs Road Canal Bridge to a Rivergrove pathway that ends— at Sycamore. It will improve pedestrian access to Bryant Park. This project should be done in conjunction with the Childs Road overlay project. $120,000 Wheel Chair Ramps: This project would construct 30 ramps at various locations in the city(commercial areas). --- $15,000 • OTHER IMPROVEMENTS Kruse Way Transit Improvements: This project would help implement the Kruse Way Traffic Management Program. Presently, buses use the right-turn lanes for a bus pull out. Far side bus pullouts would allow buses to move out of the moving lane of traffic to load passengers. There are nine high priority locations on Kruse Way(shown on attached map). $360,000 NTAB's Annual Project List: These projects will include traffic management devices approved by the Neighborhood Traffic Advisory Board. They are typically speed bumps, traffic circles, chicanes, curb extensions, etc. The amount included is for the 5 year projected expenditures shown in the CIP. $275,000 JB/kaa Attachment c:\winword\pw\jeny_b\TNTRSCTN.DOC 10 Page 3 of 3 41 z -iSri...... ...._:.....‘..... ....\\ LEGEND: i Melrose =BUS S TRANSFTOP ER POINT a Ct ) •••Vt. • * • • • 3 • • #: n '.• + .,n /D .. .. ....• . Cor • . 1,4 T Kruse Way • * • /9. •. •. . �n • '^ Meadows :' :• : o • co • Bonito • • a„ Figure 10 Suggested Future Transit Service 11/ Current Pathway Proposals June 1, 1995 Street Improvement Length Cost Melrose/ Sidewalk 313 If $40,000 Westview*/ Pathway 500 If $100,000 South Shoret Pathway at request of neighborhood 540 if $45,000 (Westview to Blue association - path on other side of Heron) South Shore Upper*t Original pathway route still wanted 1,650 1f $85,000 (Reese to Bryant) by LGNA Carman Drive.; On Pathway Master Plan - lack of 1,800 if $100,000 (Waluga to Quarry) funds Greentree* Connect existing sidewalks to South 685 If $80,000 (Cherry Crest to Shore, some storm. Greentree Estate) A Avenue/ Completes all of A Avenue sidewalk 150 If $9,000 Glenmorrie* Connects Marylhurst to Cherry to 250 If $12,500 (at Cherry) Chapin School at Hallinan, school route * Completes Transit Route -1- Neighborhood Association Request + Completes Pathway Loop PATHWAYS.DOC