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Fairview Park Improvements
<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 />X
<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
<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 />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 Year 10
<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 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
<br />80
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