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92-054 J . -.oj> :..' ,. , RESOLUTION NO. 54 -92 . A RESOLUTION ESTABLISHING A STREET RECONSTRUCTION FINANCING TASK FORCE WHEREAS, many Shorewood City streets were restored in the early 1970's following sanitary sewer installation; and WHEREAS, a typical street cross section is neither urban nor rural design but rather a rural design with little or no ditch to handle water runoff; and WHEREAS, many city streets will soon need reconstruction with corrective base and drainage work to extend its normal life span; and WHEREAS, city policy has been: . At the time a new street is built the owner or developer has the responsibility to pay for the improvements; and . Maintenance during the normal life of a street, including simple overlays, is the responsibility of the city as a whole; and WHEREAS, the city council desired to establish a Task Force to analyze financing options to address coming reconstruction needs and to recommend a ~inancing policy to the City council within two months of the first Task w,tt'orce meeting; NOW THEREFORE BE IT RESOLVED by the City council of the City of Shorewood that a temporary street Reconstruction Financing Task Force is created to operate within the following parameters: PURPOSE The Task Force is created to investigate, make recommendations on and prepare a draft policy and ordinance to present to the City Council, regarding fair and equitable financing of street reconstruction including sources from state aid funds, general revenue and special assessments. OBJECTIVES: The Task Force shall address a full range of issues in their report to the City Council relating to street reconstruction financing: . Define a "reconstructed street" . Review street reconstruction needs and review funding options . Develop a program to match projected revenues with projected needs . . Propose a fair and equitable method and procedure of financing the reconstruction of streets ,- .,. *' ~ " TASK FORCE MAKE UP: . The Task Force shall be made up of three Shorewood residents who shall be voting members. A City Councilmember and a Planning Commission member shall be non-voting liaison. The Finance Director and City Engineer shall be non-voting members and provide staff support. The City Council shall appoint the member and designate the chairperon by separate resolution. EXPENDITURE OF FUND: Expenditure of funds in the form of engineering staff support shall be authorized in advance by the City Council. Normal City policies and procedures shall be followed. PROCEDURE: Meetings shall be called by the Chair by requesting the City Administrator to send a notice of the time and place of the meeting and an agenda to the committee members. Notice will be posted at regular locations and mailed to the press at least 48 hours in advance of the meeting. SUNSET: . The mission of the Task Force shall be completed and the Task Force shall cease to exist following final report to the City Council, within two (2) months of its first meeting, unless the ci ty Council, by resolution, expands the mission of the Task Force and its duration. PASSED AND ADOPTED BY THE CITY COUNCIL of the city of Shorewood this 26th day of May 1992. ATTEST: .