FY 23 APPROVED CAPITAL BUDGET

Oakington Peninsula System

PARKS AND RECREATION Project Number:

Operating Budget Impact

P224115

Council District:

F

Revenues:

Location:

Havre de Grace

Expenditures: Cost Savings: None:

Est. Debt Service:

$0

(annual)

X

Expended/Encumbered as of 2/9/22: $0

Project Schedule/Status: The master plan process for the Oakington Peninsula Park system will begin in 2022. FY 22: Master Study

PROJECT DESCRIPTION: This project proposes engineering and construction for development of the Oakington Peninsula Park System. These properties include Swan Harbor Farms, Eleanor and Millard Tydings Park, and the entire peninsula. Future park improvements to occur as funding is available. This project supports the goals and objectives of the 2018 Land Preservation, Parks and Recreation 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

250,000 150,000

400,000 150,000

550,000

0 0 0 0

0

Construction

1,000,000

1,000,000

2,000,000

Inspection Fees

0 0

Equipment/Furnishing

Total Cost:

250,000 150,000

400,000 150,000 1,000,000

0 1,000,000

0

2,550,000

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

250,000 150,000

400,000 150,000

550,000

0 0 0 0

1,000,000

1,000,000 1,000,000

1,000,000

0 0

Total Cost:

250,000 150,000

400,000 150,000 1,000,000

0 1,000,000

0

2,550,000

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