FY 23 APPROVED CAPITAL BUDGET

Edgewood Recreation Park

PARKS AND RECREATION Project Number:

Operating Budget Impact

P194105

Council District:

A

Revenues:

Location:

Edgewood

Expenditures: Cost Savings: None:

Est. Debt Service:

$0

(annual)

X

Expended/Encumbered as of 2/9/22: $19,811

Project Schedule/Status:

PROJECT DESCRIPTION: This project proposes repairs and future improvements to the park. A second football field and a large parking lot have been constructed. Later improvements will focus on this western area of the park. The passive amenities, such as trails and picnic pavilions, will benefit the community and contribute to the revitalization of the area. Population growth will generate demand for additional recreation facilities. 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

0 0

0 0

Construction

50,000

50,000 500,000

150,000

700,000

Inspection Fees

0 0

0 0

Equipment/Furnishing

Total Cost:

50,000

0

50,000 500,000

0

0 150,000

0

700,000

FUNDING SCHEDULE R1515 Recordation Tax R3380 Prog. Open Sp.

50,000

50,000 150,000

150,000

350,000 350,000

0 350,000

0 0 0

0 0 0

Total Cost:

50,000

0

50,000 500,000

0

0 150,000

0

700,000

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