§ 153.059 CONSTRUCTION AND RESTORATION STANDARDS FOR NEWLY CONSTRUCTED OR OVERLAYED STREETS AND ALLEYS.

   The streets shall be restored and repaired in accordance with design and construction standards adopted the town and guaranteed in accordance with § 156.011 of this chapter.

(Prior Code, § 165.18.5) (Ord. 503, passed 7-7-2005; Ord. 577, passed 11-6-2014)

RIGHT-OF-WAY PERMIT FEES

§ 153.070 DEGRADATION COSTS.

   (A)   The formula for degradation costs is provided in Table 1 – 30-year design standard. Table 2 illustrates a hypothetical calculation.

      (1)   Table 1: Cost of recovery method (30-year street design standard)

 

Cost of Recovery Method (30-Year Street Design Standard)
Cost per square yard for streets, overlays and sealcoats X depreciation rate X area of influence (1)
Depreciation Rates						Cost Per Square Yard (3)
Street (2)				Overlays		Type	Cost
Age	Rate	Age	Rate	Age	Rate	Asphalt reconstruction	$45
Cost of Recovery Method (30-Year Street Design Standard)
(1) Area of influence is equal to area of the cut plus 3 feet on each side (expressed in square yards) (2) Depreciation rates are based on a 30-year street design standard. Depreciation for the first 5 years is 1% per year, followed by straight line depreciation less 15% for the remaining street design standard (25 years). (3) Depreciation can occur at 1% per year after this time for up to 15 years or street reconstruction, whichever occurs first.

 

      (2)   Table 2: Recommended cost of recovery method.

Recommended Cost of Recovery Method
Cost per square yard for streets, overlays and sealcoats X depreciation rate X area of influence (1)
Example
Assumptions:       Street is 16 years old Overlay is 5 years old Sealcoat is 1 year old Area of cut = 3 feet x 3 feet Area of influence   =   9 feet x 9 feet = 81 feet =   9 square yards
	Cost per Square Yard	Depreciation Rate	Area of Influence	Degradation Cost
Asphalt Street	$45	60%	9.0	$243
Concrete Street			0.0	$0
Overlay	$10	50%	9.0	$45
Sealcoat	$1	80%	9.0	$7.20
Total Cost               $295.20

 

   (B)   Degradation costs will be reviewed and may be changed by resolution of the Board of Trustees.

(Prior Code, § 165.26.1) (Ord. 503, passed 7-7-2005; Ord. 577, passed 11-6-2014)