FY23 FULL BUDGET REPORT ADOPTED

Unfunded Projects

Submitted Cost Estimate

Council Ranking 2021 Cost Escalation Factor

Future Conceptual Projects

Category

FY2023

FY2024

FY2025

FY2026

FY2027

Future

TOTAL

1.05

1.1

1.15

1.2

1.25

1.3

Bicycle & Pedestrain Bicycle & Pedestrain Bicycle & Pedestrain Parks & Recreation Parks & Recreation Parks & Recreation

Crabtree Creek Greenway South Loop

$

527,500

14

$

700,000

$

700,000

Sawmill Creek Greenway (Stormwater Portion in SWCIP)

$

4,865,000

13

$

4,865,000

$

4,865,000

Triangle Bikeway

TBD

NEW

TBD

$

-

Cedar Fork District Park Field Improve

$

3,000,000

8

$

900,000

$

2,810,000

$

3,710,000

Cedar Fork District Park General Improvements Recreation & Multi-purpose Center - Town Center (Recombined)

$

1,700,000

10

$

1,190,000

$

980,000

$

2,170,000

$

20,800,000

19/9

$

1,000,000

$

26,000,000

$

27,000,000

Fire Station 2 - Relocation

Public Safety

$

9,700,000

TBD

$

290,000

$

10,980,000

$

11,270,000

MAFC Phase 2 Repairs (NEW)

Public Facility

$

400,000

NEW

$

150,000

$

250,000

$

400,000

Municipal Town Hall Building

Public Facility

$

18,000,000

16

$

3,060,000

$

20,220,000

$

23,280,000

PSMS Renovations (NEW)

Public Facility

$

1,225,000

NEW

$

120,000

$

1,350,000

$

1,470,000

Page Historic Homesite

Public Facility

$

1,400,000

17

$

1,820,000

$

1,820,000

Pugh House

Public Facility

$

1,000,000

TBD

$

170,000

$

1,020,000

$

1,190,000

Town Center Future Land Acquisitions Public Facility

$

2,700,000

NEW

$

3,110,000

$

3,110,000

Town Center Parking Deck

Public Facility

$

8,400,000

20

$

9,220,000

$

9,220,000

Church Street North Bypass

Transportation

$

11,300,000

11

$

14,690,000

$

14,690,000

Total Unfunded Capital Investment Program

$

79,625,000

$

-

$

9,370,000

$

3,940,000

$

14,250,000

$

8,060,000

$

69,275,000

104,895,000 $

Assumptions:

✓ Submitted cost estimates include a 25% contingency modifier on projected cost.

✓ Inflationary adjustments are applied at 5% annual increments depending on the start date.

✓ Funding plan anticipates continued annual allocations and projected restricted source receipts in long- range assumptions. Any change or discontinuation of these anticipated annual allocations/receipts will have significant impacts to the long-range projected plan. ✓ ARPA requires that projects can be obligated by end of calendar year 2024 and then must spend money by end of calendar year 2026. ✓ Shifted Bond funding for CCNP to Town Green in lieu of preserving Grant funds that require completion by October 2023. Town Green, while is likely the unofficial priority to be confirmed was not identified as a potential Bond project in the Parks category.

92