FY 23 APPROVED CAPITAL BUDGET

Jarrettsville Recreation Complex/Center

PARKS AND RECREATION Project Number:

Operating Budget Impact

P154111

Council District:

D

Revenues:

Location:

Jarrettsville

Expenditures: Cost Savings: None:

Est. Debt Service:

$105,000 (annual)

X

Expended/Encumbered as of 2/9/22: $305,273

Project Schedule/Status: FY 23: Engineering/design for the recreation center. Construction of walking trail will occur in 2022.

PROJECT DESCRIPTION: This project will provide a multipurpose center to serve the leisure needs for all in the Jarrettsville community. The center will include a gymnasium, fitness room, and multipurpose rooms for a variety of community recreational programs. Future site amenities include a picnic pavilion and walking trails. This supports the goals and objectives of the 2018 Lane Preservation, Parks and Recreation Plan and its Capital Improvement Program recommendations.

EXPENDITURE SCHEDULE

Approp Total

Cost Element

Prior

FY 2023

FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

TOTAL

Engineering/Design Land Acquisition

710,775 1,000,000 1,710,775

1,710,775

0

0

Construction

3,000,000 3,000,000 3,800,000

100,000

6,900,000

Inspection Fees

0

0

Equipment/Furnishing

0 200,000

200,000

Total Cost:

710,775 4,000,000 4,710,775 4,000,000

0

0

0 100,000

8,810,775

FUNDING SCHEDULE R8750 Paygo R7000 Future Bonds R1515 Recordation Tax R7100 Prior Bonds

425,000

425,000

425,000

4,000,000 4,000,000 4,000,000

8,000,000

85,775 200,000

85,775 200,000

100,000

185,775 200,000

0

0

Total Cost:

710,775 4,000,000 4,710,775 4,000,000

0

0

0 100,000

8,810,775

213