FY 24 APPROVED CAPITAL BUDGET BOOK
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 1/9/23: $117,930
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
Cost Element
Prior
FY 2024 Approp Total
FY 2025 FY 2026 FY 2027 FY 2028 FY 2029
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
290
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