Total Costs - Tuscaloosa

Current
StateofAlabama
TemporarySchoolTax(expires
6/1/16)
4%
1%
LocalJurisdic6on
2%
TuscaloosaCounty
2%
Authorizedbythe
TuscaloosaCounty
Commissionin2001,
2005,2010and2012
forschool
construcDon
CityofTuscaloosa
25%
TuscaloosaCountyCommission
20%
TuscaloosaCitySchools
TuscaloosaCountySchools
20%
20%
DCH
10%
CityofNorthport
5%
EffecDveJuly2016
StateofAlabama
4%
TuscaloosaCounty*
3%
LocalJurisdic6on
2%
CityofTuscaloosa
TuscaloosaCountyCommission
TuscaloosaCitySchools
TuscaloosaCountySchools
RoadImprovementCommission
DCH
CityofNorthport
Thefirst$125,000is
dividedevenly
amongVance,
Brookwood,Coker,
Lakeviewand
Coaling
19%
14.3%
20%
25%
10%
6.7%
5%
MiKLarryRoad
McFarlandBoulevard
MLKJr.BLVD/JWPKWY
Highway69South
$7Million
$8.1Million
$61.7Million
$100Million
$25.8Million
$46Million
$10.2Million
HWY69North
McWright’sFerryRoad
BearCreekRoad
20YearTotal1
CityofTuscaloosa
$410,336,059
TuscaloosaCountyCommission
$308,831,876
TuscaloosaCitySchools
$431,932,693
TuscaloosaCountySchools
$539,915,867
CityofNorthport
$107,983,173
TuscaloosaCountyRoadImprovementCommission
$215,966,347
DruidCityHospital
$144,697,452
1Assumes2.5percentgrowth
TuscaloosaCountyRoadImprovementCommission
30YearTotal1
$374,529,922
1Assumes2.5percentgrowth
Proposal:
McFarland Boulevard (McFarland) and Hargrove Road Upgrades
Authorizefundingandmanagement
agreementbetweentheCityof
Tuscaloosa(City)andtheTuscaloosa
CountyRoadImprovementCommission
(TCRIC)forthedesign,right-of-way
acquisi6on,andconstruc6onof
McFarlandatHargroveRoad
ProjectCost: $2,200,000
CityShare1: $150,000
1CityhasfundedtheWater/Sewer
McFarland and Hargrove Road
Background
Project NASCAR
MikeWright,FinanceDirector,CPA
SusanSnowden,AssociateDirector,CPA
CarlyStandridge,InternalAuditor,CPA
KatyMetcalfe,InternalAuditor,CPA
TeraTubbs,Ex.DirectorofIPS,PE
WendyMcBride,Ac6ngCityEngineer,PE
KimberlyMichael,Engineer,PE
GlendaWebb,CityAKorney
Aspartofthepreliminaryengineering
process,thealignments,costes6mates
and6melinesforProjectNASCARhave
beenprovidedbytheCityofTuscaloosa,
ALDOT,Burk-Kleinpeter,Inc.(BKI)andthe
MetropolitanPlanningOrganiza6on
(MPO).
Tale of Two Roads
McWright’s Ferry Road Extension
New roadway connecMng New
Watermelon Road to Rice Mine Road
and ramp access to the Bryant Bridge
MLK, Jr. Boulevard – Jack Warner Parkway
Resurface and widen from SMllman Boulevard to 21st
Avenue
Proposal:
MarMn Luther King, Jr. Boulevard (MLK) and Jack Warner Parkway (JW)
Authorizefundingandmanagement
agreementbetweentheCityandTCRIC
forthedesign,right-of-wayacquisi6on
andconstruc6onofMLK/JW
MLK / JW
Background
ConnectsWestTuscaloosawithdowntownandthe
UniversityofAlabama
HighlytraveledfortheCity’sAmphitheater,City’sRiver
Market,PublicLibrary,andCity’sRiverwalk
Bisectsaneconomicallydistressedarea(37%ofresidents
livebelowpovertylevel)
Tworailroadtrestleswithnarrowopeningsandbad
visibilityalongatwolane,sharpcurvedsec6on
BlocksthewesternaccessoftheCity’sRiverwalk
MLK / JW
Background
Majordefectsalongtheroutewillbe
addressedincludingpotholes,cracking,
surfacedeteriora6onandbumps
Projectwillbringtheroadwayrunning
underthetworailroadtrestlesupto
currentsafetystandardsbywideningthe
vehiclepassageopenings
DatagatheredviaStreetBump
appforiPhone
MLK / JW
Project Scope
MLK / JW
Project Scope
CONCEPTUAL
DiscussionOnly
MLK / JW
Project Timelines and Costs
September2017–August2019
April2018–March2020
Savings
$2.6Million
1Costes6matesprovidedbyBKI
Federal6mees6matesprovidedbyMPO
January2017–July2018
January2017–January2018
Now–November2017
Now–May2017
Proposal:
McWright’s Ferry Road Extension (MFR)
Authorizefundingandmanagement
agreementbetweentheCityandTCRIC
forthedesign,right-of-wayacquisi6on
andconstruc6onofMFR
MFR
Background
Extensionhasbeenplannedsincethe1970’s
RapidlygrowingareaontheeastsideofLakeTuscaloosa
Averagedailytrafficcountsrangefrom5,000to7,000vehicles
andisexpectedtoreach16,500in2035(2013trafficstudy)
City’sdam/spillway,whichispartofNewWatermelonRoad,is
theonlyaccesspointfor11,000TuscaloosaCountyresidentsto
theTuscaloosaandNorthportMetroAreas
848newhousingunitsarebeingaddedtowestsideofLake
Tuscaloosacrea6ngfurtherconges6onsouthofRiceMineRoad
andNewWatermelonRoad
PlannedHousing
Development
HousingUnits
Waterfall
118
HighGrove
658
PinnaclePark
Total
72
848
MFR
Background
ParentleavingRockQuarrycampusduringmorningrushhour
MFR
Project Overview
MFR
Project Timelines and Costs1
FY2022–FY2024
January2018–December2019
Savings
$6.8Million1
4Years+
1includespoten6alreimbursementtoFHWA
June2016–December2017
October2016–October2017
Now–December2017
Now–June2017
1Costes6matesprovidedbyBKI
Federal6mees6matesprovidedbyMPO
Moving Forward
MLK/JW
TotalCosts: $23.2Million
Term: 30Years
AnnualDebtService:$1,350,000
Taxpayers’Savings1: $2.6Million
TimeSavings: None
1Doesnotincludesavingsfrom
usingCity’sbondra6ngor6me
valuesavings
2Non-compoundedannualcost
offive-percentfromyearone
($4,000,000)through2022
MFR
TotalCosts: Term: AnnualDebtService:
Taxpayers’Savings1: TimeSavings: TotalCosts: Term: AnnualDebtService:
Taxpayers’Savings1: TimeSavings: 2
TimeCostSavings : $77.8Million
30Years
$4,100,000
$9.4Million
4Years
$16Million
$54.6Million
30Years
$2,652,000
$6.8Million
4Years
Moving Forward
•  ReducesFederalandStateredtapewhichsaves6me
•  Expeditestheprojectsandsavestaxpayers$9.4million(excludingannualincreasesin
construc6on)bytakingadvantageoffavorableinterestratesandreducingregulatorycosts
•  ProvidesALDOTtheabilitytoconcentrateeffortsonHWY69SouthandMcFarlandImprovements
•  RemovesTCRICfromissuingbonds:
ü  TCRICwouldreimbursetheCityforit’sannualdebtserviceandadministra6vecosts
ü  TheCity,withitsAA+bondra6ng,wouldbeabletoprocuredebtatalowerinterestrate,
resul6nginaddi6onalcostsavingsfortheTCRIC
ü  TheCityhascashreservesonhandtoaccommodatelag6meinreimbursements
ü  TheCityalreadyhasthenecessaryengineering,legalandfinancialresourcesforthe
managementoftheseprojectswhichwillreduceadministra6veoverhead
Revenue
3Percent(10%Share)
ALDOTRevenue
Unencumbered
Total
Expenditure
BearCreekCut-Off
HWY69/MarDnRoad
HWY69/CharlieShirley
McFarland/Hargrove
MFR
MLK/JWP
MunicipalContribuDon
NorthportPayment
OperaDons
Total
RemainingFunds
Agreement–Tuscaloosa
Agreement-County
FY2017
$8,530,908
$-
$1,000,000
$9,530,908
$2,500,000
$1,000,000
$-
$2,200,000
$-
$-
$125,000
$2,500,000
$200,000
$8,525,000
$1,005,908
FY2018
$8,744,181
$-
$1,005,908
$9,750,089
$-
$-
$1,000,000
$-
$2,700,000
$1,400,000
$125,000
$2,500,000
$200,000
$7,925,000
$1,825,089
FY2019
FY2020
$8,962,785 $9,186,855
$25,000,000 $25,000,000
$1,825,089 $28,862,874
$35,787,874 $63,049,729
$- $-
$- $-
$- $-
$- $-
$2,700,000 $2,700,000
$1,400,000 $1,400,000
$125,000 $125,000
$2,500,000 $-
$200,000 $200,000
$6,925,000 $4,425,000
$28,862,874 $58,624,729
FY2021
$9,416,526
$25,000,000
$58,624,729
$93,041,255
$-
$-
$-
$-
$2,700,000
$1,400,000
$125,000
$-
$200,000
$4,425,000
$88,616,255
FY2022
$9,651,939
$25,000,000
$88,616,255
$123,268,194
$-
$-
$-
$-
$2,700,000
$1,400,000
$125,000
$-
$200,000
$4,425,000
$118,843,194
Revenue
3Percent(10%Share)
ALDOTRevenue
Unencumbered
FY2017
$8,530,908
$-
$1,000,000
Total $9,530,908
Expenditure
BearCreekCut-Off
$2,500,000
HWY69/MarDnRoad
$1,000,000
HWY69/CharlieShirley
$-
McFarland/Hargrove
$2,200,000
MFR
$-
MLK/JWP
$-
MunicipalContribuDon
$125,000
NorthportPayment
$2,500,000
OperaDons
$200,000
Total $8,525,000
RemainingFunds $1,005,908
Agreement-Tuscaloosa
Agreement-County
FY2018
$8,744,181
$-
$1,005,908
$9,750,089
$-
$-
$1,000,000
$-
$2,700,000
$1,400,000
$125,000
$2,500,000
$200,000
$7,925,000
$1,825,089
FY2019
$8,962,785
$1,825,089
$10,787,874
$-
$-
$-
$-
$2,700,000
$1,400,000
$125,000
$2,500,000
$200,000
$6,925,000
$3,862,874
FY2020
$9,186,855
$3,862,874
$13,049,729
$-
$-
$-
$-
$2,700,000
$1,400,000
$125,000
$-
$200,000
$4,425,000
$8,624,729
FY2021
$9,416,526
$8,624,729
$18,041,255
$-
$-
$-
$-
$2,700,000
$1,400,000
$125,000
$-
$200,000
$4,425,000
$13,616,255
FY2022
$9,651,939
$13,616,255
$23,268,194
$-
$-
$-
$-
$2,700,000
$1,400,000
$125,000
$-
$200,000
$4,425,000
$18,843,194
30-YearBondingCapacity:$68Million1
1Basedon$65,000permillion–Currentrateis$56,000permillion