07/29/2010 - RAPID CITY SD - Rapid City Mayor Alan Hanks presented a plan to improve the maintainence and extend the life of asphalt streets in Rapid City, at Wednesday's Legal and Finance Committee meeting at the CSAC building.
According to Hanks, the city budgets $4-million per year for asphalt streets, of which $3.25-million goes for reconstruction of failing streets, and only $750-thousand is budgeted for maintainence. Hanks says a ten-year plan to increase maintainence can save money over time.
Hanks' plan would use $1.5-million per year for ten years, from the city's "Point 1 6" fund, the set-aside fund from city food taxes that generates around $3.3-million per year. According to Hanks, moving $15-million to street maintainence over ten years will still let that fund grow by around an extra $20-million to be used for other utility projects.
Hanks will bring the plan to the full city council at a future meeting. He says all that has to be done is an ordinance change on the "Point 1 6" fund that would include streets as a permitted expenditure.
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