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Hillsborough EDD <br /> Project Category: Water and Sewer Project Status: Active Project Type <br /> Functional Service Community Services Proposed Bid 6/1/19 New X <br /> Area: Award Date: <br /> Department: Planning and Starting Date: 7/1/19 Expansion <br /> Inspections <br /> Project Number: 30048 Completion Date: 6/30/20 Renovation <br /> Replacement <br /> Project Description/Justification: Additional funding of $1,060,000 is requested in FY2019-20. Recent <br /> geotechnical exploration of subsurface Hillsborough Area EDD CIP Project Area <br /> conditions below the interstate has revealed that w <br /> more rock will be encountered than originally <br /> estimated. This project targets approximately <br /> 370 acres in the southwestern and northwestern <br /> corner of the Hillsborough Economic <br /> Development District (EDD) to facilitate <br /> development in the area. The design and <br /> construction of the water and sewer <br /> infrastructure will be done in conjunction with the <br /> Town of Hillsborough, with the Town sharing in — <br /> certain costs (not included in CIP below) <br /> primarily for a loop water system outside of the <br /> EDD. <br /> Operational Impacts: Once completed, <br /> infrastructure will be turned over to the Town of <br /> Hillsborough for ownership and maintenance. o p �;MP _ ®- <br /> F area ua u� Me,uona �„�eNreeneo..ro.,ry,Jz <br /> �ICE== wl■� , <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 /> Professional Design Services 190,000 <br /> Land/Building 50,000 - <br /> Construction/Repairs/Renovations 1,290,000 1,060,000 1,060,000 <br /> Equipment/Furnishings <br /> Total Project Budget 1,530,000 1,060,000 1,060,000 <br /> Funding Sources <br /> Transfer from General Fund - <br /> Article 46 Sales Tax Proceeds 240,000 - - <br /> Debt Financing-Article 46 Sales Tax 1,290,000 1,060,000 1,060,000 <br /> Total 1,530,000 1,060,000 1,060,000 <br /> Impact on Operating Budget <br /> Personnel Services <br /> Operations <br /> Recurring Capital <br /> New/Add7 Revenue <br /> Total Operating Costs <br /> 91 <br />