PROPERTY OWNERS' ASSOCIATION

COST ESTIMATES OF POA’S ROAD RENEWAL PROGRAM

The cost estimates for the POA’s 2007 proposed 5-year project were performed by an outside professional engineer. The 2007 plan would have upgraded 66 miles of our streets (97% of those with houses) for a cost of $13 million. All of these streets would have been upgraded to concrete ribbon curbs and a 1 ½” layer of hot-mix asphaltic concrete (HMAC).

The plan that is currently being contemplated by the POA Board of Directors is also a 5-year plan and would include all streets with residences on them. All of the streets would not be of the same design. Concrete ribbon curbs would only be installed on major streets and all other streets with houses on them would receive a new 1 ½” layer of HMAC, but without the concrete curbs.

The estimates for this project were produced after consultation of both of the engineering firms that the POA has dealt with over the past five years on road issues, KC Engineering of Marble Falls and Tucker Engineering of Burnet. The estimates were then confirmed by yet another two engineering firms as representative of the best information currently available. The current geotechnical survey will add further confidence to the estimates.

Since the main ingredient in HMAC is asphalt and the fact that asphalt is derived from crude oil, the costs have increased in the past year more than anyone could have expected. The cost of the entire project, however, is mitigated by the fact that the proposed project does not have concrete ribbon curbs on all of the roads planned for renewal.

No one can predict the future of asphalt and construction prices. The current estimates take into account historical inflation in these prices and project it over the next five years. It is the intent of the current POA Board that future moneys will be dedicated to finishing the project should current revenues be deficient. The current plans also call for the upgrading of each and every street that is not covered by the five-year plan as soon as there is a home built upon that street.


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