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Hollow Rock Nature Park (New Hope Preserve)
<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: 7/12/13 Expansion X
<br /> Project Number: 20027 Completion Date: 6/30/26 Renovation X
<br /> Replacement
<br /> Project Description/Justification: The New Hope Preserve is a 72-
<br /> acre site owned by Orange County, Durham County and the Town of
<br /> Chapel Hill. Located within this Preserve is the Hollow Rock Nature
<br /> Park. Phase I opened in 2016 with hiking trails, and proposed
<br /> additional funds in FY 2020-21 will construct a wildlife overlook, ADA = x
<br /> trail, and permanent restrooms. The final phase of the project will be
<br /> completed in future years as the ultimate disposition of Pickett Road is
<br /> determined. Previously-appropriated funds have allowed for site
<br /> facilities (parking, driveway, trails and bridges, kiosks and other low-
<br /> impact amenities). Some of these facilities are now completed.
<br /> Durham County contributes 50% of the cost of these facilities and
<br /> amenities as part of an interlocal agreement between the parties
<br /> adopted in spring 2015.
<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 Year10
<br /> Expenses
<br /> Land/Building 75,000' -
<br /> Professional Services 1 10,000 10,000
<br /> Construction/Repairs/Renovations 547,500' 100,000 100,000 165,000'
<br /> Equipment/Furnishings 10,000
<br /> Total Project Budget 632,500 110,000 110,000 165,000
<br /> Funding Sources
<br /> Transfer from General Fund 185,000' 55,000 55,000 82,500
<br /> Funding from Durham County 157,500' 55,000 55,000 82,500
<br /> From Other Projects 75,000' - -
<br /> Grant Funding 215,000' - -
<br /> Total 632,500 110,000 110,000 165,000
<br /> Impact on Operating Budget
<br /> Personnel Services - 20,950' 20,950 20,950 20,950 20,950 ' 104,750 104,750'
<br /> Operations 12,000 12,000 12,000 12,000 12,000 ' 60,000 60,000'
<br /> Recurring Capital -
<br /> New/Addl Revenue - - - -
<br /> Total Operating Costs 32,950 32,950 32,950 32,950 32,950 164,750 1 164,750
<br /> 75
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