Agenda - 03-05-2015 - 3 - Laserfiche WebLink

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M Special Revenue Projects (Article 46 Sales Tax Proceeds) — Highlights The Special Revenue section includes anticipated revenue from the Article 46 (1/4 cent) Sales Tax, with 50% of the proceeds for Economic Development initiatives and 50% for Education (allocated by the ADM count of the two school districts). In FY 2015 -16, proceeds are estimated at $2,814,576, with 1.5% growth assumed in subsequent years. A summary is provided within the Special Revenue Projects section of the document listing the recommended uses of these proceeds. Proprietary Projects — Highlights Water & Sewer Utilities: Buckhorn EDD — Phase 2 Extension (Efland Sewer to Mebane) — includes $240,000 in Year 1 (FY 2015 -16) for project management funds related to the construction of the project, which will be completed in FY 2015 -16; this continues to fit into the long range strategy to ultimately turn over the operation of the Elfand sewer system to the Town of Mebane. Hillsborough EDD — reflects funds of $1,000,000 in Year 1 (FY 2015 -16) for construction of water and sewer infrastructure in this EDD. Eno EDD — includes $1,050,000 in Year 1 (FY 2015 -16) to begin the construction work in this EDD, as well as an additional $750,000 in Year 2 (FY 2016 -17) due to the planned construction timeline crossing two fiscal years. Note: this project has been moved up 2 -3 years from the current CIP, because there is a smaller area in the eastern portion of the EDD that could be served by gravity sewer and may offer an opportunity to begin extending infrastructure within the next two years. Buckhorn- Mebane EDD Phases 3 and 4 — includes $2,500,000 in Year 4 (FY 2018 -19) for the Buckhorn- Mebane Phases 3 and 4 construction projects. Note: this project has been moved back two years from the current CIP to allow for the operation of Phase 2 for a period of time prior to starting Phases 3 and 4. Economic Development Utility Extension Project(s) — provides funds of $250,000 in Year 1 (FY 2015 -16) for future economic development projects that are currently being considered, but have not been finalized. If no project develops in the coming year, which requires utility extension, the funds would be available for future years as needed. Solid Waste: Sanitation — The current FY 2014 -15 funds of approximately $3.1 million includes improvements to the Eubanks Road Solid Waste Convenience Center (SWCC), including the relocation of the main landfill entrance and scales from the south side to the north side of Eubanks Road; funds of $296,035 in Year 1 (FY 2015 -16) for the replacement of a front end loader; Year 2 (FY 2016- 17) includes $519,750 for SWCC improvements at the High Rock Road site; and Year 3 (FY 2017 -18) includes $393,750 for SWCC improvements at the Ferguson Road site. Recycling Operations — The current FY 2014 -15 includes the purchase of a replacement roll off truck and a commercial recycling truck, and the purchase of 7,600 rural recycling carts, at a total cost of $880,203. Year 1 (FY 2015 -16) provides for the purchase of 1,750 additional rural carts, the purchase of a new rural curbside recycling truck, the replacement of a rural curbside