Agenda - 06-23-2004-6a - Laserfiche WebLink

Browse Search

On June 7, the PPC met to consider a recommendation for funding of Town greenways projects. Since the County's 2001 bond, the Town has passed a 2003 bond for open space, which includes $5.0 million for several greenway projects, After reviewing the different projects, the PPC recommends that an engineering and design study be undertaken to investigate and recommend a corridor for extending the Bolin Creek Greenway from its current western terminus at Airport Road toward the Carrboro line and the Adams Tract. While substantial lands along this section of the Bolin Creek corridor are in Town or other public ownership, a few land acquisitions may be needed. In addition, the corridor is steep and narrow and two substantial road crossings (Airport Road and Estes Drive Extension) will need to be evaluated, The Town has identified $100,000 far initial engineering and design analysis, although it is expected that the total cost of engineering and design will be exceed this amount (a cost estimate is not yet available). The Town plans to develop and release a Request far Proposals this summer to investigate the cast and scope of the project, and initiate the work with their existing funds, The PPC recommends that $2,0 million in Town funds and the $1.0 million in County funds (2001 band) be allocated to the design and construction of the Bolin Creek Greenway toward Carrboro, to an extent to be defined after the engineering and design study, It is anticipated that the project will extend over multiple fiscal years, with initial County funds needed in late FY 2004-05 or FY 2005-06, The attached resolution would concur with this recommendation and identify these funds for the Bolin Creek Greenway project, Alike resolution along with authorization to proceed with the engineering and design study is also being presented to the Town Council, FINANCIAL IMPACT: A total of $1,0 million was allocated in the 2001 bond for this project, Carrboro has previous requested $750,000 for the Adams Tract, and that amount is available through the current funds and the July 2004 bond sale. The remaining $1.0 million is planned for bond sales in subsequent years, and any expenditures needed prior to bond sales can be covered through these funds, The project is likely to extend over multiple fiscal years, and it is anticipated that funding as shown in the Debt Issuance Schedule will allow the project to be funded in a timely fashion. It is proposed that the process for reimbursement and appropriation used for Southern Park, which is another joint Town/County project overseen by the PPC, be used as well for the distribution of these funds. RECOMMENDATION(S): The Manager recommends that the Board adopt the attached resolution identifying Bolin Creek Greenway as the project for County bond finds, as recommended by the PPC; and that project funds be made available in accord with the Debt Issuance Schedule and the process used for fund distribution for Southern Park,.