2018 Bond - Street Improvement Projects

In November 2017, City voters approved two propositions – street improvements and park and recreation improvements totaling $7.15 million. The City will issue bonds for these projects, which will not require a tax increase as a reduction in debt service has provided a window to consider new debt issuance. When we issue bonds the City seeks a new bond or credit rating. The City has been given the highest rating possible, AAA by Standard & Poors. This is a reflection of the fiscally responsible and conservative financial policies put in place by City Council and carried out by City Staff. Here is information on the projects included and the anticipated timeline.

City staff evaluated the 126 asphalt pavement streets located within the City using a pavement condition index (PCI) from our Street Maintenance Program. Twenty-three streets were identified as failing; another 25+ were identified as deteriorating rapidly to the end of their life cycle. The City issued bonds in the amount of $2.8 million to fund street improvements.

The following street sections, which include areas where water lines have been replaced under prior Utility projects, are identified as asphalt reconstruction candidates in our Street Maintenance Program: