Agenda - 03-12-2013 - 3 - Laserfiche WebLink

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Water & Sewer Utilities Capital Projects Fiscal Years 2013 -18 Project Name Hillsborough EDD Project Status Approved Functional Service Area Engineering Starting Date 71112014 Department Planning Completion Date 613012019 Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to Proiect Budqet Fundinq 2012 -13 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18 Total Year 10 Professional Design Services - 100,000 100,000 Land /Building - 50,000 50,000 Construction /Repairs /Renovations - - 1,000,000 Equipment /Furnishings Total Project Budget - - - - 150,000 150,000 1,000,000 General Fund Related Operating Costs Personnel Services Operations New Debt Service Total Operating Costs I - - - - - - Revenues /Funding Source Transfer from General Fund - 150,000 150,000 Debt Financing - Article 46 Sales Tax - - 1,000,000 Total - - - - 150,000 150,000 1,000,000 Project Description /Justification This 400 acre area of the County has been designated an Economic Development District for about two decades, but has not seen the development originally envisioned. This is due in large part to having no water or sewer infrastructure available to support development. Design and ultimately construction of water and sewer infrastructure in this EDD will remove one of the barriers to development in the area. Design of water and sewer infrastructure to serve this area would be done in conjunction with the City of Hillsborough who is the utility service provider in the area. This area is generally located around the northwest, southwest, southeast quadrants of 1 -40 and Old NC 86 as well as the southeast quadrant of 1 -85 and new NC 86. Note: This project could move up or back depending on future economic activity in the Hillsborough EDD. M-11