Loading...
HomeMy WebLinkAboutCost of service for annexation areaCost of service for annexation area – Crystal Valley Trails: The Little Rock Fire Department indicated that they can service the area from their existing fire station (station #24, 8801 Stagecoach Road) and there would be no additional costs. Housing and Neighborhood Programs Department indicated they would need to add a staff person and a vehicle after five houses were constructed. This would be sometime in year two. Public Works Department provided annualized cost to maintain the streets adjacent and within the annexation for the first 20 years (see below). Staff was asked to estimate the cost and impact to the city street fund budget to annex a new 551 lot subdivision near the intersection of Crystal Valley Road and Col. Miller Road. The subdivision development would occur over a 20-year time frame with approximately 30 to 50 lots added per year. The City’s total street fund budget for 2022 is $13,212,724.00 to maintain 2,492 miles of streets, including 1,568 miles of drainage ditches and 376 miles of storm sewers. At full build-out in 20 years, this new subdivision will add 3.45 miles of new internal streets and 0.37 miles of Crystal Valley Road will come under city maintenance. This would represent an increase to the city street system of 0.15% of the current total. Assuming that the average annual expenditure for maintenance is equal for each mile of street, the maximum annual cost of maintenance for the new subdivision would be $20,255 at full build out in 20 years based on current budget data. The actual cost to the city would likely be less considerable less than this figure due to several factors. Residential streets typically cost less per year then arterial and collector streets as residential street do not incur the same costs for such items as painted lane markings, signage, asphalt maintenance, winter snow removal and street sweeping. In addition, new curb and gutter streets with underground storm sewers have less maintenance needs than older open-ditch streets and have less need for pavement maintenance. They also indicated that the Solid Waste fee would be $35.75/month per residential customer (this is designed to pay for the service). No information provided by Police Department or Planning & Development Department.