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River Park, Phase II
<br />Project Category:County Capital Project Status:Active Project Type
<br />Functional Service
<br />Area:Community Services
<br />Proposed Bid
<br />Award Date:TBD New
<br />Department:DEAPR Starting Date:7/1/15 Expansion
<br />Project Number:20032 Completion Date:7/1/21 Renovation X
<br />Replacement X
<br />Project Description/Justification:River Park is located behind the Courthouse/Justice Facilities and the
<br />County’s East Campus buildings. Prior year funding included a
<br />performance shell, trail extensions, benches, electrical upgrades, a
<br />renovation of the Occonneechee Village replica, signage and
<br />stormwater improvements and a new entrance from Churton Street.
<br />Some of these improvements are underway, while others are now in
<br />design and pre-construction with the recently-completed Town
<br />pedestrian and public transit improvements project. With a planned
<br />fundraising campaign to construct an enhanced performance shell,
<br />additional funds are shown in Year 1 (with associated outside funding).
<br />This park is experiencing increased usage due to the Hillsborough
<br />Riverwalk (which includes a portion of the MST) being located in the park, and its proximity to other downtown
<br />attractions. (Associated funding to pave the farmers market pavilion and ADA-accessible sidewalk on Churton
<br />Street is included in another project.)
<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 /> Construction/Repairs/Renovations 350,000 150,000 150,000
<br /> Equipment/Furnishings
<br /> Total Project Budget 350,000 - 150,000 - - - - 150,000 -
<br />Funding Sources
<br /> Transfer from General Fund 50,000 -
<br /> Transfer from Other Funds -------
<br /> Grants and Outside Sources 150,000 150,000
<br /> NCDOT/Town of Hillsborough -
<br /> Debt Financing 300,000 -
<br /> Total 350,000 - 150,000 - - - - 150,000 -
<br />Impact on Operating Budget
<br /> Personnel Services 24,000 24,000 24,000 24,000 24,000 24,000 24,000 120,000 120,000
<br /> Operations 8,000 8,000 8,000 8,000 8,000 8,000 8,000 40,000 40,000
<br /> Recurring Capital
<br /> New/Addl Revenue --
<br /> Total Operating Costs 32,000 32,000 32,000 32,000 32,000 32,000 32,000 160,000 160,000
<br />77
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