FY 26 Proposed Capital Budget Book

Vale Road Park

PARKS AND RECREATION Project Number:

Expended/Encumbered as of 2/4/25: $331,818

P224117

Council District:

B

Location:

Bel Air

Project Schedule/Status: Engineering is underway.

Expended/Enc.

Budget

PROJECT DESCRIPTION: This project proposes the construction of new active recreation facilities on the northern side of Heavenly Waters Park. These facilities will address needs for the Bel Air community and will include soccer/lacrosse fields and related amenities. Future projects will include a storage building, picnic pavilion, and small playground. Population growth will generate demand for additional recreation facilities. This project supports the goals and objectives of the 2022 Land Preservation, Parks and Recreation Plan and its Capital Improvement Program recommendations.

EXPENDITURE SCHEDULE

Cost Element

Prior

FY 2026 Approp Total

FY 2027 FY 2028 FY 2029 FY 2030 FY 2031

TOTAL

Engineering/Design Land Acquisition

225,000

225,000

225,000

0

0

Construction

1,000,000 1,000,000 2,000,000

250,000

2,250,000

Inspection Fees

0 0

0 0

Equipment/Furnishing

Total Cost:

1,225,000 1,000,000 2,225,000

0

0

0

0 250,000

2,475,000

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

725,000 500,000

725,000 500,000

250,000

975,000 500,000

1,000,000 1,000,000

1,000,000

0 0

0 0

Total Cost:

1,225,000 1,000,000 2,225,000

0

0

0

0 250,000

2,475,000

ESTIMATED OPERATING BUDGET IMPACT: Estimated Debt Service

FY 2026 28,700

FY 2027 FY 2028 FY 2029 FY 2030 FY 2031

TOTAL

150,675

27,265

25,830

24,395

22,960

21,525

199