HomeMy WebLinkAbout1.3.17 SWOT Analysis
Assumptions Used:
$20.00 fee
50,000 eligible vehicles
Estimated revenue will not increase over the period time
Cold Mix has life estimated 5-7 years
Concrete Street Reconstruction 50-60 estimated life
1. Sidewalks $1,000,000 EST.
a. Strengths
i. Property Owners will not receive invoices to replace failed sidewalks
ii. City will experience administrative cost savings
b. Weakness
i. Revenue source is generated from vehicle s and they do not use the sidewalk
ii. With a static revenue source, inflation of sidewalk replacement costs could
exceed available revenue
c. Opportunities
i. Potential to reduce borrowing by up to $1,000,000
d. Threat
i. Property Owner inequity as sidewalk replacement costs have been billed in
previous years
2. Cold Mix $300,000 EST. (100% increase)
Street Reconstruction $700,000 EST. (18% increase)
a. Strengths
i. Cold mix project no longer assessed to property owners
ii. 18% increase in street reconstruction
iii. Increase in composite PASER rating
b. Weakness
i. Static revenue source, however projects c ould be prioritized by available
revenues
c. Opportunities
i. Increased life in existing street, until complete reconstruction is necessary
ii. Double the length of street s cold mix overlaid
iii. Increase of spending of $850,000 for General Transportation Aid (GTA)
iv. Align new revenue source with strategic plan goals of neighborhood
revitalization and economic development
v. Reduce expenditures for ERP, reduce alliance on tax levy
d. Threat
i. Inequity to property owners that were previously assessed
ii. Work-flow adjustment s will be necessary to ac commodate workload in
Engineering and Streets
iii. Increased volume of special assessments bills to property owners for street
reconstruction, partially offse t with no bills for cold mix
3.Enhance Street Reconstruction $1,000,000 EST. (25% increase)
a. Strengths
i. 25% increase in street reconstruction
ii. Increase in composite PASER rating
b. Weakness
i. Due to static revenue source the length of reconstruction will decrease annually
c. Opportunities
i. Increase of spending of $1,000,000 for General Transportation Aid (GTA)
ii. Align new revenue source with strategic plan goals of neighborhood
revitalization and economic development
d. Threat
i. Work-flow and staffing adjustments will be necessary to accommodate
workload in Engineering
ii. Increased amount of special assessments for property ow ners due to increased
street reconstruction
iii. Increased volume of special assessments bills to property owners for street
reconstruction