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Fairview Park Improvements
<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: 07/01/15 Expansion
<br /> Project Number: 20041 Completion Date: 12/31/25 Renovation
<br /> Replacement
<br /> Project Description/Justification: Funding approved in FY 2015-16
<br /> and FY2016-17 created a new access entry and parking lot for �� r it 9
<br /> Iq
<br /> Fairview Park from NC 86, which was completed in late 2017.
<br /> Additional funds were approved in FY 2017-18 to begin a site
<br /> '` dl
<br /> assessment to determine the nature of the former landfill on the site,
<br /> and are proposed to be augmented in FY 2019-20, before determining
<br /> the scope of future landfill mitigation on the site. This multi-year
<br /> assessment is underway and will continue into the summer of 2020.
<br /> Funds for landfill assessment and eventual mitigation would be
<br /> reimbursed by the State Division of Environmental Quality. Completion .�• �.
<br /> of this current assessment will be followed by additional future funds
<br /> for landfill remediation (estimated at$3.5 million) in FY 2020-21 and
<br /> FY 2021-22 by the State via reimbursement. Finally, once this remediation is completed, an additional $1.5
<br /> million in local funds is proposed in Years 6-10 for construction of new park facilities on the former landfill portion
<br /> of the site.
<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 /> Professional Services 50,000 411,529 67,000 3,500,000 3,567,000
<br /> Construction/Repairs/Renovations 425,000 - 1,500,000
<br /> Equipment/Furnishings
<br /> Total Project Budget 475,000 411,529 1 67,000 3,500,000 3,567,000 1,500,000
<br /> Funding Sources
<br /> Transfer from General Fund 100,000 -
<br /> NCDEQ Reimbursement Fund 50,000 411,529 67,000 3,500,000 3,567,000
<br /> Transfer from Other Funds -
<br /> Debt Financing 325,000 - 1,500,000
<br /> Total 475,000 411,529 67,000 3,500,000 3,567,000 1,500,000
<br /> Impact on Operating Budget
<br /> Personnel Services - 196,000
<br /> Operations 60,000
<br /> Recurring Capital
<br /> New/Addl Revenue
<br /> Total Operating Costs 256,000
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