Agenda Item Name:
.Title
Presentation Transportation Capital Improvement Program TCIP
.End
Presenter:
Ramon Gavarette, Public Works Director 352-548-1214
Description:
Presentation and Discussion on Transportation Capital Improvement Program to provide direction on incorporation into Annual Capital Budget and Financial Plan
Recommended Action:
.Recommended Action
Provide direction to staff on Transportation Capital Improvement Program Projects
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Prior Board Motions:
N/A
Fiscal Consideration:
.Fiscal Consideration
Funding Sources include General Fund Transfer, Infrastructure Surtax (70% of 1/2), Grants, 5 Cent Local Option Gas Tax (ELM Nickel), Impact Fees, and Multi Modal Transportation
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Strategic Guide:
All Other Mandatory and Discretionary Services
Background:
On September 14, 2021, Public Works presented the Pavement Management System to the Board of County Commissioners. At that time, the County's weighted average network condition or Pavement Condition Index (PCI) was 60. The net worth (or Asset Value) of the County roadway network was estimated to be approximately $1.5 billion. This estimate is derived by multiplying the total number of pavement square yards comprising the network (approximately 9.8 million square yards) by County's average square yard replacement cost of $156.00. to the Board of County Commissioners. Adjusted for inflation to 2023, the current net worth (or Asset Value) of the County roadway network is estimated to be approximately $1.9 billion.
Furthermore, in 2021, the estimated amount to Maintain Current Condition of PCI 60 or to Achieve a target PCI of 70 was approximately $31.5M/Year and $41.5M/Year, respectively. Adjusting these values to current year, the estimated amounts are $33.4M/Year and $44.0M/Year.
As instructed by the Board, Public Works worked with Mr. Chris Dawson, AICP, Transportation Planning Manager to include the Areas of Inequity within the Pavement Management System. An additional weight of ...
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