§ 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)