Agenda - 03-11-2014 - 3 CIP - Laserfiche WebLink

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Water & Sewer Utilities Capital Projects Fiscal Years 2014 -19 Project Name Hillsborough EDD Project Status Approved Functional Service Area Engineering Starting Date 71112014 Department Planning Completion Date 613012016 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 Project Budget Funding 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18 2018 -19 Total Year 10 Professional Design Services Land /Building Construction /Repairs /Renovations Equipment /Furnishings Total Project Budget Related Operating Costs Personnel Services Operations New Debt Service Total Operating Costs Revenues /Funding Source Transfer from General Fund Article 46 Sales Tax - Debt Service Article 46 Sales Tax Proceeds Debt Financing - Article 46 Sales Tax Total Project Description /Justification 100,000 100,000 50,000 50,000 - 1,000,000 1,000,000 - 80,000 80,000 80,000 240,000 400,000 80,000 80,000 80,000 240,000 400,000 80,000 80,000 80,000 240,000 400,000 150,000 150,000 1,000,000 1,000,000 - 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 has moved up due to projected economic activity in the Hillsborough EDD area. 73