The work breaks into a few clean stages. First, milling: a large rotary cutter (the mill) grinds off the top 1 to 2 inches of existing asphalt, exposing the layer below. The milled material is hauled away and typically recycled into new asphalt at a plant.
Second, surface prep: any base-failure spots that show up after milling get attention — patched, base-rebuilt, or drainage-fixed before the overlay goes on. The exposed milled surface gets a tack coat applied so the new asphalt bonds to the old.
Third, paving: a new layer of hot-mix asphalt is paved across the entire lot, typically 1.5 to 2 inches compacted thickness. The pavers and rollers work the same way they would on new construction.
Fourth, striping: after the new asphalt cures briefly, the lot is re-striped per the existing layout (or an updated layout if requested).