FY2020 Budget

4,500,000

8,860,000 8,000,000

1,350,000

14,710,000

Bond Referendum (Proposed)

8,000,000

Debt Obligation

50,003,750

50,003,750

Not Funded

5,275,000

13,650,000

17,865,000

2,684,000

2,272,500

50,003,750

91,750,250

Total Programmed 6

- Project cost estimates updated, include a contingency and a cost modifier applied to mitigate rising development cost. - First year design cost is calculated as 25% of total estimated project cost. - Adopted plan priorities, study influences and changing needs applied.

CIP PROJECT SUMMARIES The recommended FY2020 CIP has been updated to account for rising development cost and other influences such as adopted plan priorities, study results and changing needs. The following are some other updates:

Other Updates

NEW PROJECT CONCEPTS: Park West Fire Station Cedar Fork District Park General Improvements

Airport Boulevard Extension Church Street North Bypass

MODIFICATIONS TO EXISTING PROJECTS: Relabeled Civil War Battleground Park to Future Town Parks/Open Space Relabeled Rural Heritage Park to Page Historic Homesite Relabeled Town Hall Terraces Greenway to Indian Creek Greenway Connector - Town Hall Terraces Town Center Park Lot shifted out to future - pending Town Center discussions Northwest Fire Station moved up due to study findings Public Works construction shifted out 2 years - continued collaboration with Wake County Update all timelines & estimates Built in contingency modifier to mitigate rising development cost

REMOVED PROJECTS: Police & Fire Local Training Facility Safety House

Morrisville East Connector Odyssey Drive Extension Town Hall Drive Medians - Bike Lanes The following CIP Project Summaries outline scope details, justification and preliminary estimates.

6 Town Council adopted with the budget/CIP the addition of Fire Station #2 Relocation project; appropriated reserves in FY 2020 for NC 54 Corridor Congestion Mitigation projects that is inclusive of Airport Boulevard Extension; reduced the design appropriation for Crabtree Creek Nature Park; and added Future Priorities to demonstrate the importance for future capital planning.

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