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Bingham Park <br />Project Category:County Capital Project Status:Planned Project Type <br />Functional Service <br />Area:Community Services <br />Proposed Bid <br />Award Date:TBD New <br />X <br />Department:DEAPR Starting Date:7/1/23 Expansion <br />Project Number:New Completion Date:7/1/25 Renovation <br />Replacement <br />Project Description/Justification:Bingham District Park would serve <br />as the County’s park for southwestern Orange County. Negotiations for <br />potential sites have been and continue to be underway, and funding for <br />the land acquisition would be provided through the Lands Legacy <br />program. As with previous park projects, this future park site would be <br />land-banked for the future construction of park facilities, with projected <br />design and construction in Years 6-10. The cost estimate is based on <br />a district park concept of comparable size (slightly reduced based on <br />the expected smaller acreage of the Bingham facility). Discussions <br />have been held with the Orange Water and Sewer Authority about <br />working together on the Bingham District Park location, and it is <br />expected that the park will be located along the Mountains to Sea Trail <br />route. <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 /> Land/Building <br /> Professional Services - - 400,000 <br /> Construction/Repairs/Renovations - - 6,600,000 <br /> Equipment/Furnishings <br /> Total Project Budget - - - - - - - - 7,000,000 <br />Funding Sources <br /> Transfer from General Fund <br /> Transfer from Other Funds <br /> Debt Financing - - - 7,000,000 <br /> Total - - - - - - - - 7,000,000 <br />Impact on Operating Budget <br /> Personnel Services - 234,000 <br /> Operations - 165,000 <br /> Recurring Capital <br /> New/Addl Revenue <br /> Total Operating Costs --- - - - - - 399,000 <br />67