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Report on the Parks Bond and Other Parks - Related Projects For the period November 1997 to the present A . 1997 Parks Bond — Status Report 1 . Facilities Development - $ 3 . 0 million ( Bond included $ 1 million for Homestead Park in Chapel Hill , $ 1 million for Southern Community Park in Chapel Hill , $ 500 , 000 for Efland - Cheeks Community Park, $ 500 , 000 undesignated ) Spent or, Appropriated From Bond To Date • $ 757 , 690 : Efland -Cheeks Community Park ( Phase I ) • $ 105 , 000 : To Town of Chapel Hill for Southern Community Park ( lights , bleachers and irrigation for soccer field ) - - • $ 145 , 000 : To Town of Chapel Hill for Homestead Community Park ( utility building for skateboard park and batting cage ) • $ 75 , 000 : To match Town of Carrboro funds for enhancement of fields at Smith Middle School • No other facility development bond money has been requested for authorized projects ( remainder of Homestead Park, Southern Park) Total Facilities Bond spent/ appropriated to date - $ 1, 082, 690 As of current date, $ 1 , 917, 310 remaining ( $. 167, 310 undesignated ) 2 . Parkland Acquisit "lon - $ 3 . 0 million • $ 110 , 774 for Cedar Grove Park ( Northern Human Services Center) As of current date, $ 2, 889, 226 remaining See Lands Legacy Interim Action Plan for Proposed Parkland Banking Program B . Other Park- Related Prole` cts 1 . Little River Regional Park and Natural Area ( option ) - $ 88 , 000 to $ 132 , 000 total County cost ( projected from combination of sources ) 2 . " McGowan Creek Preserve " ( Duke property) - $ 157 , 000 total County cost ( 1/ 2 from ERC fund and 1/2 from School/ Park Reserve accumulated interest) 3 . Riverwalk Park in Hillsborough — agreed to use of County- owned lands along Eno River adjacent to County campus for park area .