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Cedar Grove Park, Phase II
<br /> Project Category: County Capital Project Status: Active Project Type
<br /> Functional Service Community Services Proposed Bid TBD New X
<br /> Area: Award Date:
<br /> Department: DEAPR Starting Date: 7/1/19 Expansion
<br /> Project Number: 20002 Completion Date: 6/30/25 Renovation
<br /> Replacement X
<br /> Project Description/Justification: Funding is proposed for FY 2019- ;A Y
<br /> 20 for Phase II of the park. The proposed project breaks Phase II into s
<br /> two sub-phases. Phase II-A as planned would feature additional small _
<br /> (t-ball) baseball/softball fields (to address the loss of similar small fields
<br /> in Hillsborough in 2020) and associated parking and infrastructure in ;'
<br /> FY 2019-20. Phase II-B in Years 6-10 would add tennis courts, a picnic
<br /> shelter and additional parking. Cedar Grove Park opened in 2008 and r'
<br /> includes baseball/softball fields, a multi-purpose field, trails,
<br /> playground, basketball courts, a Little Free Library and other
<br /> amenities. It is co-located with the Cedar Grove Community Center. -
<br /> FINANCIAL SUMMARY
<br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br /> Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year 10
<br /> Expenses
<br /> Land/Building
<br /> Professional Services 50,000 60,000 110,000
<br /> Construction/Repairs/Renovations 1,908,000 500,000 500,000 1,240,000
<br /> Equipment/Furnishings
<br /> Total Project Budget 1,908,000 550,000 60,000 610,006 1,240,000
<br /> Funding Sources
<br /> Transfer from Other Funds 148,000 75,000 60,000 135,000
<br /> Funding from Other Sources 75,000 75,000
<br /> Grant Funding 500,000 - 500,000
<br /> Debt Financing 1,260,000 400,000 400,000 740,000
<br /> Total 1,908,000 550,000 60,000 - 610,000 1,240,000
<br /> Impact on Operating Budget -
<br /> Personnel Services 20,950 20,950 20,950 20,950 83,800 152,750
<br /> Operations 10,000 10,000 10,000 10,000 40,000 90,000
<br /> Recurring Capital -
<br /> NewlAddl Revenue - -
<br /> Total Operating Costs 30,950 30,950 30,950 30,950 123,800 242,750
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