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River Park, Phase II
<br /> Project Category: County Capital Project Status: Active Project Type
<br /> Functional Service Community Services Proposed Bid TBD New
<br /> Area: Award Date:
<br /> Department: DEAPR Starting Date: 7/1/15 Expansion
<br /> Project Number: 20032 Completion Date: 7/1/21 Renovation X
<br /> Replacement X
<br /> Project Description/Justification: River Park is located behind the Courthouse/Justice Facilities and the
<br /> County's East Campus buildings. Prior year funding included a
<br /> performance shell, trail extensions, benches, electrical upgrades, a
<br /> renovation of the Occonneechee Village replica, signage and
<br /> stormwater improvements and a new entrance from Churton Street.
<br /> Some of these improvements are underway, while others are now in
<br /> design and pre-construction with the recently-completed Town
<br /> r
<br /> pedestrian and public transit improvements project. With a planned
<br /> fundraising campaign to construct an enhanced performance shell,
<br /> additional funds are shown in Year 1 (with associated outside funding).
<br /> This park is experiencing increased usage due to the Hillsborough
<br /> Riverwalk (which includes a portion of the MST) being located in the park, and its proximity to other downtown
<br /> attractions. (Associated funding to pave the farmers market pavilion and ADA-accessible sidewalk on Churton
<br /> Street is included in another project.)
<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
<br /> Construction/Repairs/Renovations 350,000 150,000 150,000
<br /> Equipment/Furnishings
<br /> Total Project Budget 350,000 150,000 150,000
<br /> Funding Sources
<br /> Transfer from General Fund 50,000 -
<br /> Transfer from Other Funds - -
<br /> Grants and Outside Sources 150,000 150,000
<br /> NCDOT/Town of Hillsborough -
<br /> Debt Financing 300,000 -
<br /> Total 350,000 150,000 150,000
<br /> Impact on Operating Budget
<br /> Personnel Services 24,000 24,000 24;000 24,000 24,000 24,000 24,000 120,000 120,000
<br /> Operations 8,000 8,000 8,000 8,000 8,000 8,000 8,000 40,000 40,000
<br /> Recurring Capital
<br /> New/,4ddl Revenue - -
<br /> Total Operating Costs 32,000 32,000 32,000 32,000 32,000 32,000 32,000 160,000 160,000
<br /> 77
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