MEMORANDUM

TO: Gary Superman, Assembly President

Members, Kenai Peninsula Borough Assembly

THRU: Dale Bagley, Mayor

FROM: Gary Davis, Roads Director

DATE: March 24, 2005

SUBJECT: Ordinance 2004-19-47

FY05 RSA CIP Funding

The Road Service Area has completed engineering and cost estimates for its fiscal year 2005 capital improvement projects. The next step is to appropriate these estimated project costs to each specific project. This ordinance indicates how much is available for these projects and allocates funds to the projects.

The list of CIP projects listed in the ordinance does not include all the projects to be completed this season. There are some projects that have been previously approved by the budget process, or are funded under their own ordinance, that do not appear in this ordinance.

The ordinance also requests transfer of $75,000 from the STIP match fund to the RSA CIP fund balance. These funds are not anticipated to be utilized as part of the STIP match program. The road board is evaluating the value of the STIP match program after several scoring criteria were changed by the state DOT.