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

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Hillsborough EDD Project Category:Water and Sewer Project Status:Active Project Type Functional Service Area:Community Services Proposed Bid Award Date:6/1/19 New X Department:Planning and Inspections Starting Date:7/1/19 Expansion Project Number:30048 Completion Date:6/30/20 Renovation Replacement Project Description/Justification:Additional funding of $1,060,000 is requested in FY2019-20. Recent geotechnical exploration of subsurface conditions below the interstate has revealed that more rock will be encountered than originally estimated. This project targets approximately 370 acres in the southwestern and northwestern corner of the Hillsborough Economic Development District (EDD) to facilitate development in the area. The design and construction of the water and sewer infrastructure will be done in conjunction with the Town of Hillsborough, with the Town sharing in certain costs (not included in CIP below) primarily for a loop water system outside of the EDD. Operational Impacts: Once completed, infrastructure will be turned over to the Town of Hillsborough for ownership and maintenance. 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 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year 10 Expenses Professional Design Services 190,000 - Land/Building 50,000 - Construction/Repairs/Renovations 1,290,000 1,060,000 1,060,000 - Equipment/Furnishings Total Project Budget 1,530,000 - 1,060,000 - - - - 1,060,000 - Funding Sources Transfer from General Fund -- Article 46 Sales Tax Proceeds 240,000 - - - Debt Financing - Article 46 Sales Tax 1,290,000 - 1,060,000 1,060,000 - Total 1,530,000 - 1,060,000 - - - - 1,060,000 - Impact on Operating Budget Personnel Services Operations Recurring Capital New/Add'l Revenue -- Total Operating Costs ------- 91