Agenda Attachment D - FY2019-2024 Manager Recommended Capital Investment Plan

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Historic Rogers Road Neighborhood Infrastructure Project Category:County Capital Project Status:Active Project Type Functional Service Area:Support Services Proposed Bid Award Date:4/30/17 New X Department: Planning & Inspections/ Asset Management Services Starting Date:7/1/17 Expansion X Project Number:10054 Completion Date:6/30/19 Renovation Replacement Project Description/Justification: Funding of $5,680,000 in FY2016-17 included the estimated cost of the construction and Construction Administration of the Sewer Concept plan to serve 86 parcels. The funding in FY2015-16 included $620,000 for Engineering Design, $160,000 for Community Planning and Outreach and $212,000 for easement acquisitions. The Historic Rogers Road Neighborhood Task Force recommended that the Sewerplan should be funded by Carrboro, Chapel Hill, and Orange County in proportion to the recommended cost sharing (14%, 43%, 43%). pursuant to an interlocal agreement last adopted December 13, 2016. Part of the $5,680,000 includes funds ($220,000) for on-site sewer plumbing connections for up to 56 occupied structures, including the cost of OWASA availability fee. FINANCIAL SUMMARY Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to Project Budget Funding 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Total Year 10 Expenses Professional Services 780,000 - Land/Building 212,000 Construction/Repairs/Renovations 5,460,000 - Plumbing/Connection Fees 220,000 Total Project Budget:6,672,000 - ------ - Funding Sources From General Fund 77,400 Chapel Hill Reimbursement (43%)426,560 - Carrboro Reimbursement (14%)138,880 - Debt Financing 6,029,160 - Total 6,672,000 - ------ - Impact on Operating Budget Personnel Services Operations Recurring Capital New/Add'l Revenue -- Total Operating Costs -------- - 192