FY 23 APPROVED CAPITAL BUDGET

Northern Regional Park

PARKS AND RECREATION Project Number:

Operating Budget Impact

P134110

Council District:

D

Revenues:

Location:

Whiteford

Expenditures: Cost Savings: None:

Est. Debt Service:

$0

(annual)

X

Expended/Encumbered as of 2/9/22: $458,454

Project Schedule/Status: FY 23: Engineering FY 24: Phase I Construction

PROJECT DESCRIPTION: This project proposes a regional recreation facility to serve multiple recreation councils in the northern part of the County. This site will also house a multigenerational recreation center to serve the northern area of the County. A park site has been acquired for this facility. Design of the project is scheduled in 2023. The initial phase of the project will focus on outdoor facilities. A future phase of the project development will include an indoor recreation facility. This project supports the goals and objectives of the 2018 Land 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

250,000

250,000 575,000

250,000 575,000

575,000

Construction

0 1,500,000

4,500,000

6,000,000

Inspection Fees

0 0

0 0

Equipment/Furnishing

Total Cost:

575,000 250,000

825,000 1,500,000

0 4,500,000

0

0

6,825,000

FUNDING SCHEDULE R8750 Paygo R3380 Prog. Open Sp. R7000 Future Bonds R1515 Recordation Tax

75,000 500,000

75,000

75,000

500,000 1,000,000

1,500,000 4,500,000

0

4,500,000

250,000

250,000 500,000

750,000

0

0

Total Cost:

575,000 250,000

825,000 1,500,000

0 4,500,000

0

0

6,825,000

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