Secondary and Cumulative Impacts Master Management Plan - 2014
introduction FY2014
C A P I T A L I N V E S T M E N T S P R O G R A M – P R O J E C T L I S T
Year
Project Year (Design)
Assumption
Adopted
Total Cost
Project Year
Interest Rate
Funding Sources Identified
Incurring Debt
Estimated Cost
Debt Service First
Equivalent Tax Rate
Plan/Input Source
ACTIVE Capital Investment Projects
2004 Bond Projects – Recreational Facilities (includes RTP Park, Northwest Park and Cedar Fork Ball Fields)
1300
2011
$4,000,000
$ 5,783,000 2014
5%
1.27
MP
1420
2012 Bond Project - NC54 Bypass
2014
$14,300,000
$ 14,300,000 2016
5%
3.86
TP
1290
2012 Bond Project - MAFC Reconstruction
2016
$ 3,500,040
$ 3,500,000 2018
5%
0.92
MP
1350
2012 Bond Project - Morrisville Community Park Ph II
2016
$ 2,200,020
$ 2,200,000 2018
5%
0.58
MP
Unfunded Capital Investments Project Concepts
Town Roadway Projects
1000
International Drive 01 & East 01
Unfunded $ 3,597,900
$ 4,557,712 2022
4%
1.22
TP
1060
Southport Drive Extension
Unfunded $ 2,867,500
$ 3,632,463 2022
4%
0.97
TP
1010
International Drive 02
Unfunded $ 2,382,400
$ 3,017,953 2022
4%
0.81
TP
1050
Morrisville East Connector
Unfunded $ 3,737,600
$ 4,734,680 2022
4%
1.27
TP
1100
Town Hall Drive Medians/Bike Lanes
Unfunded $ 895,000
$ 1,133,759 2022
4%
0.59
TP
1410
International Drive 03
Unfunded $ 7,839,500
$ 9,930,844 2022
4%
2.66
TP
Town Facilities Projects
1260
Public Works Facility
Unfunded $ 4,500,000 $ 5,064,790 2022
4%
1.57
1270
Northwest Fire Station
Unfunded $ 2,320,000 $ 5,888,907 2022
5%
1.76
1370
Police/Fire Training Facility
Unfunded $ 1,170,000 $ 4,982,121 2022
4%
1.00
1340
Crabtree Nature Park*
Unfunded $ 2,895,000 $ 4,127,578 2022
4%
1.17
MP
1490
Crabtree Crossing Greenway Extension
Unfunded $ 785,250 $ 920,046 2022
4%
0.48
MP
1510
Sawmill Creek Greenway
Unfunded $ 4,390,000 $ 5,143,584 2022
4%
1.38
MP
1600
Fire Radio Equipment
Unfunded $ 1,028,250 $ 1,204,759 2022
4%
0.62
Town Center Projects
1360
Train Depot (Railroad Town)
Unfunded $ 3,470,000 $ 4,395,692 2022
4%
1.25
TC
Recreation Center and Main Street Plaza - Town Center
1520
Unfunded $ 6,346,175 $ 7,435,555 2022
4%
1.99
TC
1530
Town Center Gateway
Unfunded $ 134,922 $ 158,083 2022
4%
0.08
TC
Morrisville Rural Heritage Park and Farmer's Market - Town Center
1540
Unfunded $ 5,464,000 $ 6,401,947 2022
4%
1.71
TC
1550
Main Street Stormwater Treatment - Town Center
Unfunded $ 595,000 $ 697,137 2022
4%
0.20
TC
1560
Carolina Street Connection - Town Center
Unfunded $ 302,500 $ 354,427 2022
4%
0.18
TC
1570
Civil War Battleground Park - Town Center
Unfunded $ 5,576,000 $ 6,533,173 2022
4%
1.75
TC
1580
Town Center Parking Lot
Unfunded $ 351,000 $ 411,252 2022
4%
0.21
TC
1590
Main Street Park & Amphitheater TC Note: The Equivalent Tax Rate assumptions are based on the estimated cost of the 1 st years Debt Service Payment calculated on using the projected tax base in that year. Unfunded Projects default to 2022. Key: TC = Town Center Plan; MP = Parks Master Plan; TP = Town’s Transportation Plan Unfunded $ 3,523,040 $ 4,127,803 2022 4% 1.10
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