(A) Assumptions: street is 16 years old;
(B) Overlay is five years old;
(C) Sealcoat is one year old;
(D) Area of cut = three feet x three feet; and
(E) Area of influence = nine feet x nine feet = 81 square feet = nine square yards.
Cost per Square Yard | Depreciation Rate | Area of Influence | Degradation Cost | |
Concrete street | 0.0 | $0 | ||
Asphalt street | $45 | 60% | 9.0 | $243 |
Overlay | $10 | 50% | 9.0 | $45 |
Sealcoat | $1 | 80% | 9.0 | $7.20 |
Total cost | $295.20 | |||
(Prior Code, § 165.26.4.1) (Ord. 503, passed 7-7-2005; Ord. 577, passed 11-6-2014)