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Twin Creeks Park and Educational Campus, 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: 7/1/09 Expansion X
<br /> Project Number: 20003 Completion Date: 7/1/27 Renovation
<br /> Replacement
<br /> Project Description/Justification: Twin Creeks (Moniese Nomp) ,,
<br /> Park is located along Old NC 86 north of Carrboro and connects to
<br /> Morris Grove Elementary School. It is the district park for southeastern '^
<br /> Orange County. Funding for design and engineering for Phase II of the
<br /> park is requested in FY 2020-21, with additional funding requested in
<br /> FY 2021-22 for construction which would include playing fields, trails,
<br /> parking and infrastructure, and potentially a bike trail/track. The cost
<br /> estimates are based on a district park of comparable size. The first
<br /> phase of the park (Jones Creek Greenway)was completed in 2011.
<br /> Prior year funding included a portion of a future entry road that would
<br /> be shared with the adjoining property development to the south
<br /> (Ballentine subdivision), and for improvements to the existing
<br /> farmhouse for a caretaker placement. This entry road has been on hold pending Town studies on transportation
<br /> and stormwater and the developer's plans. Funding to complete the third and final phase of the park is reflected
<br /> in Years 6-10.
<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 /> Appropriation
<br /> Land/Building 50,814
<br /> Professional Services 220,000 220,000 220,000
<br /> Construction/Repairs/Renovations 1,905,643 - 3,780,000 3,780,000 3,780,000
<br /> Equipment/Furnishings
<br /> Total Project Budget 1,956,457 220,000 3,780,000 4,000,000 4,000,000
<br /> Revenues/Funding Source
<br /> General Government Revenue 277,000 -
<br /> Debt Financing 1,250,000 220,000 3,780,000 4,000,000 4,000,000
<br /> Funding from other infrastructure partner
<br /> Grant Funding NCDOT 429,457
<br /> Total 1,956,457 220,000 3,780,000 4,000,000 4,000,000
<br /> General Fund Related Operating Costs
<br /> Personnel Services 93,500 93,500 187,000 467,500
<br /> Operations 70,000 70,000 140,000 350,000
<br /> Recurring Capital -
<br /> New/Addl Revenue -
<br /> Total Operating Costs 163,500 163,500 327,000 817,500
<br /> 78
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