FY 23 APPROVED CAPITAL BUDGET

Nuttal Avenue Park Development

PAKS AND RECREATION Project Number:

Operating Budget Impact

P094128

Council District:

A

Revenues:

Location:

Edgewood

Expenditures: Cost Savings: None:

Est. Debt Service:

$0

(annual)

X

Expended/Encumbered as of 2/9/22: $117,666

Project Schedule/Status: Engineering for the park site is underway. FY 23: Construction

PROJECT DESCRIPTION: This project proposes the development of passive community amenities, including trails, a picnic pavilion and playground on a vacant site. Development of an attractive site and community attractions will contribute to revitalization of the area. Funding may include Community Legacy and Program Open Space funds as well as local funds. Additional residential development is anticipated in the Edgewood community. 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

75,000

75,000

75,000

0

0

Construction

550,000 25,000

550,000 25,000

550,000 25,000

Inspection Fees

Equipment/Furnishing

0

0

Total Cost:

650,000

0

650,000

0

0

0

0

0

650,000

FUNDING SCHEDULE R1515 Recordation Tax R3399 State Other R3380 Prog. Open Sp.

220,000 400,000 30,000

220,000 400,000 30,000

220,000 400,000 30,000

0 0

0 0

Total Cost:

650,000

0

650,000

0

0

0

0

0

650,000

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