FY2018 Recommended Budget

Community Investment Program Expenditures During Fiscal Year 2017, the Town issued $10 million of an authorized $14.3 million of Street Improvement Bonds for Phase I of the McCrimmon Parkway Extension. Phase I broke ground in October 2016 and is projected to be complete in fall 2018. Full debt service is incorporated into the Fiscal Year 2018 budget. Phase II is scheduled to be awarded in summer 2017 and the remaining $4.3 million in authorized Street Improvement bonds will be issued during Fiscal Year 2018. Partial debt service (interest only) is included in the Fiscal Year 2018 proposed operating budget. As a part of its commitment and attention to the Town of Morrisville’s roadway and transportation needs, the Town applied for and received a $6.3 million matching grant from Capital Area Metropolitan Planning Organization (CAMPO) for a $9 million Morrisville-Carpenter Road improvement project. This project will enhance East/West connectivity through the center of Town and establish safer access points along the corridor between NC54 and Davis Drive. Debt service for the $2.7 million Town cost for this project is included in the Fiscal Year 2018 budget. Construction is expected to start in fall 2017. The Town also has $5.7 million in authorized, but unissued bonds outstanding for the 2012 Park Improvement Bonds. Approved by the voters in 2012, identified projects included the Morrisville Aquatics Fitness Center (MAFC) renovation project and Morrisville Community Park Phase II. Project evaluation throughout Fiscal Year 2017 resulted in a decision to proceed with the MAFC renovations and preliminary conceptual design work has begun on that project. Issuance of bonds for this project is expected in Fiscal Year 2019. The Morrisville Community Park Phase II project will be updated as a part of the Parks and Recreation Master Plan update and incorporated in the CIP for future development. The Fiscal Year 2018 budget includes full debt service for the $4 million in 2004 voter approved bonds issued in Fiscal Year 2013. Debt service will continue until 2034. Church Street Park is operational, although the remediation of stormwater pond issues continues, and it is in high demand for family events. The walking path and connecting greenways, and tennis courts, are constantly in use, and the cricket field is growing in popularity. Installation of an irrigation system began in Fiscal Year 2017, and will be followed by the addition of field lights, supported by a grant fromWake County, to expand use of the cricket field for tournaments and related events. Church Street Park continues to serve as a model for identifying and delivering facilities and amenities desired by the community. The Morrisville-Carpenter Road/Progress Energy roadway and sidewalk improvement project was completed in Fiscal Year 2017, and several long-awaited sidewalk projects are underway. The Church Street Walking Loop project, a collaborative effort with Wake County through support from CDBG (Community Development Block Grant) funding, is currently in construction, with expected completion by the end of June. Work on the lower Church Street Walking Loop, which will serve as a Historic Trail and provide a complete network of sidewalks for most of Church Street and around the Town Center, is expected to start this summer.

Sidewalk segments on NC54 between Keybridge Drive and the Oaks at Weston, and along Cary Parkway - supported by North Carolina Department of Transportation (NCDOT) funds and managed by Town staff – should be complete by the end of the fiscal year.

Work continues to define and refine the Town’s Capital Investment Program (CIP). The primary efforts during Fiscal Year 2017 concentrated on the Town Center Core, which is expected to complement and link to priorities identified in the current “Top Ten” project list. Work on the Historic Church Parking Lot Expansion is moving ahead and will soon allow for increased community use of the church. An update to the public works facility study is also recommended this year to evaluate future needs and options. A

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