· Would it connect to a possible development infill
· Is the route an ADA improvement request
· Has there been an accident at the location
· Input by Norman residents on the request
· Age of the request
The factors are weighted and compiled to create the prioritization ranking of the projects. City staff also will continue to look for state and federal grants, donations or other matching funds to pay for sidewalk projects.
The focus of Tuesday’s Norman City Council Conference meeting was to review the proposed Capital Improvement Projects Budget and specifically to look at the capital fund.
The funding stream for Norman’s capital fund was established by referendum in September 1976, with 70 percent of the Second Cent Sales Tax designated to the fund.
One-fourth, or 25 percent, of that sales tax is designated for street maintenance.
This year, the Norman City Council is budgeting $29.4 million in the capital fund, which includes finishing projects that are under way as well as starting new projects.
Capital Sales Tax accounts for 35.4 percent of the total FY 2014 revenue sources for all capital projects. Other funding sources include bonds, user fees, excise and room tax, public safety sales tax (completing Fire Station No. 9) and other fees.
Of total capital budget expenditures, 35.6 percent will go to transportation projects and 12.2 percent to street maintenance. Revenue sources for all capital projects total $43.5 million.