Orange County NC Website
Browse       Search
County Capital Projects <br />Fiscal Years 2011 -16 <br />Project Name Twin Creeks Park and Educational Campus Phase ll <br />Project Status <br />Recommended <br />Functional Service Area Community and Environment <br />Starting Date <br />71112009 <br />Department DEAPR <br />Completion Date <br />71112021 <br />Available <br />Year 1 Year 2 Year 3 <br />Year 4 Year 5 Five <br />Year 6 <br />Prior Years Balances <br />1 <br />Fiscal Year Fiscal Year Fiscal Year <br />Fiscal Year Fiscal Year Year <br />to <br />Project Budget Funding 2/28/2011 <br />2011 -12 2012 -13 2013 -14 <br />2014 -15 2015 -16 Total <br />Year 10 <br />Appropriation <br />Land/Building 50,814 <br />Construction /Repairs/Renovations 1,928,643 600,000 <br />Equipment/Furnishings <br />Total Project Budget 1,979,457 - 600,000 - - - <br />General Fund Related Operating Costs <br />Personnel Services <br />Operations <br />New Debt Service <br />Total Operating Costs I - - - - - <br />Revenues/Funding Source <br />Transfer from general Fund 900,000 <br />Future Debt Issuance 650,000 600,000 <br />Funding from other infrastructure partner <br />Grant Funding NCDOT 429,457 <br />Total 1.979.467 - 600,000 - - - <br />Proiect Descrintion /Justification <br />600,000 1 8,000,000 <br />600,000 1 8,000,000 <br />600.0001 8 <br />Twin Creeks (Moniese Nomp) Park is located along Old NC 86 north of Carrboro. Funding for this Phase II of this park is projected to be in years 6 -10. However, <br />an opportunity to construct the main entry road may exist in 2013 in conjunction with shared roadway owner MI Homes and Ballentine subdivision. Potential <br />participation in 50% of the road construction cost is reflected here, if the County chooses to participate. (If it does not participate, a longer more costly <br />segment of the road may be required in the future at the time of park construction.) A Phase III of the park would likely exist and be beyond the scope of Year <br />10. <br />• • • 37 <br />