FY 2018-19 and 2019-20 Adopted Operating and CIP Budget
CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM
Strategic Planning Documents Bikeways, Trails, Parks and Recreation Master Plan
Expenditure Schedule & Category
Parks & Recreation: 110097
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
86120 - Property Acquisition
$70,000
$70,000
$70,000
$70,000
$2,070,000
$70,000
PROJECT COST
$70,000
$70,000
$70,000
$70,000
$2,070,000
$70,000
Funding Source(s)
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
f301 - Park Impact Fund
$70,000
$70,000
$70,000
$70,000
$2,070,000
$70,000
FUNDING TOTALS
$70,000
$70,000
$70,000
$70,000
$2,070,000
$70,000
Financial Comments This project pays approximately $70,000 in property taxes annually for land banked park property in the County.
Estimated Project Schedule
Timeframe
Planning
Ongoing
Right-of-Way Acquisition & Permitting
Next park acquisition is planned for FY 2022-23
Operating Cost Impacts No new operational costs are incurred prior to development if other alternate uses, such as farming, can be identified. Without an alternate use, annual cost to abate weeds would be approximately $125 per acre. Property land banked in the County for future City use requires payment of property taxes. New park development will require additional funds for maintenance. New funding levels will be dependent on the size and amenities developed within each park.
2019-2024 Six-Year Capital Improvement Program
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