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Buckhorn-Mebane EDD Potential Investment Area <br />Project Category:Water and Sewer Project Status:Planned Project Type <br />Functional Service <br />Area:Community Services <br />Proposed Bid <br />Award Date:N/A New <br />Department:Planning and <br />Inspections Starting Date:N/A Expansion X <br />Project Number:New Completion Date:N/A Renovation <br />Replacement <br />Project Description/Justification:The Efland/Buckhorn/Mebane Economic Development investment area has <br />developed a ‘backbone’ water and sewer infrastructure. This has enabled large undeveloped tracts with <br />interstate access and visibility to be ‘marketed’ through the effort of the Economic Development department. The <br />next phase of supporting infrastructure is <br />proposed for study areas that will be screened <br />and prioritized to meet both objective and <br />subjective economic development criteria and <br />goals. These potential investment areas will be <br />planned in conjunction with the Orange County <br />and City of Mebane Interlocal Utility service <br />agreement, with amendments if necessary. <br />NOTE: Potential EDD study area is in green <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 - - 90,000 90,000 <br /> Land/Building - 25,000 25,000 <br /> Construction/Repairs/Renovations - - 900,000 900,000 <br /> Project Management - 45,000 45,000 <br /> Total Project Budget - - - 115,000 945,000 - 1,060,000 <br />Funding Sources <br /> Article 46 Sales Tax Proceeds -- - <br /> Debt Financing - Article 46 Sales Tax - - 115,000 945,000 - 1,060,000 <br /> Total - - - 115,000 945,000 - 1,060,000 - <br />Impact on Operating Budget <br /> Personnel Services <br /> Operations <br /> Recurring Capital <br /> New/Addt'l Revenue -- <br /> Total Operating Costs --- ---- <br />89