City of Mart - Street Improvement Project
The City of Mart Street Improvement Project is a plan to repair and rebuild nearly 20 miles of streets inside the city limits of Mart within the next 5 years, starting in 2020. There are 5 phases of the project with each phase consisting of approximately 4 miles of streets. Thanks to an interlocal agreement with McLennan County, the City of Mart will pay the county's cost of materials and the county will use their manpower and equipment to construct the streets. Therefore, according to current material bid prices, 4 miles of street construction under this agreement would cost the City of Mart approximately $212,500. A combination of funding programs, including USDA-RD and a private donation of $850,000 from J.L. Davis and administered by the Waco Foundation will cover much of the construction costs.
Descriptions of each phase and how they will be funded
The City currently has line of sight to fund the first 3 phases (approximately 12.39 miles) of street construction. Funding for Phase 4 could come from a variety of sources and will be firmed up as construction of that phase approaches. Once the Phase 4 is funded and completed, Phase 5 will automatically be funded from a private donation administered by the Waco Foundation, as explained below.
Phase 1 - USDA Water System Improvement Project
This Phase will be constructed as part of the City of Mart's Water System Improvement plan. Since most of the city's water distribution lines run beneath city streets, the roads will be dug up and rebuilt after the new lines are installed. Phase 1 is the longest phase of the project at 4.47 miles. As required by USDA because it is part of a water system improvement project, Phase 1 covers the most problematic and undersized water lines in the city.
Phase 2 - West Mart, Downtown and Thoroughfares
J.L. Davis donated $850,000 for use by the City of Mart for road construction. The full $850,000 was given to the Waco Foundation to manage and allocate to the city as certain requirements are met. The road funds will be given to the city in allocations of $215,500. The first allocation of $212,500 will be given to the City of Mart when the USDA project begins. This first allocation of the private donation will be used to fund Phase 2, which will be scheduled for construction with the county after Phase 1 has been completed. Phase 2 is approximately 4.06 miles long and will complete much of West Mart, the downtown area, as well as roads leading to Rucker Park and the Mart Cemetery. Phases 1 and 2 combine for 8.53 miles of new streets in Mart.
Phase 3 - Connecting Streets and Routes to Schools
As a requirement of the donation, with the exception of the first $212,500, all other allocations must be matched before they are released to the city. This means the city must show that 4 miles or $212,500 worth of roads have been constructed before the next allocation will be released. The city will use the USDA funded road construction in Phase 1 as a match for the $212,500 allocation needed to construct Phase 3. Phases 1-3 combine for approximately 12.39 miles of new streets in Mart.
Phase 4 - Remaining Interconnecting Streets
The City plans to fund Phase 4 with Community Development Block Grant (CDBG) funding from the Texas Department of Agriculture. Understanding that CDBG funding is not guaranteed, the City will also apply for funding through other programs for Phase 4. They could also access their Rainy Day Fund to pay for Phase 4, if necessary. Phases 1-4 will combine for approximately 16.17 miles of new streets in Mart.
Phase 5 - Remaining Interconnecting Streets
An allocation from the Waco Foundation of $212,500 will be used to construct Phase 5. The city will use funding from Phase 4 to match funds needed to construct Phase 5. The 5th Phase will finish off all streets in Mart with Phases 1-5 representing 19.55 miles of new streets.
If material prices stay flat, after the first 5 phases of street construction, there would be a remaining balance in the Waco Foundation fund of $212,500. However, material prices will likely increase over the 5 next years making the cost to the city for road construction more expensive. The additional $212,500 will be used in this case to cover remaining streets in Phase 5.