|
24
<br /> Little River Park, Phase II
<br /> Project Category County Project Status: Active Project Type
<br /> Functional Service Area: Community Services Proposed Bid Date: TBD New x
<br /> Department: DEAPR Starting Date: 7/1/2015 Expansion x
<br /> Project Number: 20040 Completion Date: 6/30/2022 Renovation x
<br /> Replacement
<br /> Project Description/Justification: _
<br /> This park is a joint Orange/Durham County initiative. In compliance with an Interlocal
<br /> Agreement,funding includes 50%from Durham County. Funding of$100,000 was approved
<br /> in FY2016-17 to repave the park entry road and repave the ADA loop trail,among other
<br /> smaller improvement.These repairs are pending completion of the updated master plan for _
<br /> the full park by both Orange and Durham counties(to be presented in April 2020),and - �
<br /> renewal of the Interlocal agreement(May 2020).
<br /> Requested funding for Year 2 (FY 2021-22)is for additional improvements expected from the
<br /> new master plan, including a new playground, new and improved trails,and other
<br /> amenities.
<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 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Total Year10
<br /> Appropriation
<br /> Professional Services 25,000 100,000 100,000
<br /> Construction/Repairs/Renovations 1,696,720 50,000 400,000 400,000
<br /> Appropriation Total 1,721,720 50,000 500,000 500,000
<br /> Revenues/Funding Source
<br /> Debt Financing 250,000 250,000
<br /> Transferfrom General Fund 104,750 25,000
<br /> Bonds 369,794
<br /> Contributions from Other Infrastructure Partners 438,662 25,000 250,000 250,000
<br /> Grant Funding 724,000
<br /> Transfer from Payment-in-Lieu 84,514
<br /> Revenues/Funding Source Total 1,721,720 50,000 500,000 500,000
<br /> Impact on Operating Budget
<br /> Operations 7,500 7,500 7,500 15,000 15,000 15,000 60,000 75,000
<br /> Impact on Operating Budget Total 7,500 7,500 7,500 15,000 15,000 15,000 60,000 75,000
<br />
|