FY 2018-19 and 2019-20 Adopted Operating and CIP Budget
CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM
Expenditure Schedule & Category
Streets & Roads: 546007
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
86121 - Right-of-Way Acquisition
$4,800,000
86200 - Professional Services
$150,000
86360 - Construction
$14,500,000
86530 - Project Implementation
$200,000
$310,000
PROJECT COST $19,650,000
$310,000
Funding Source(s)
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
f309 - Traffic Impact Fund
$19,650,000
$310,000
FUNDING TOTALS $19,650,000
$310,000
Financial Comments This project cost has increased significantly over the past years. This cost is driven by increases in construction costs and increased land values. Estimates have risen from $9.45 to $14.5 million for construction. Property acquisition costs are over $2 million more than originally anticipated. In order to complete the property acquisition in FY 2018/19, an interfund loan would be required. For the construction to be completed, additional funding must be obtained from the County via Measure B or another funding source.
Estimated Project Schedule
Timeframe
Planning
Complete
Project Design
To be completed in early FY 2018/19
Right-of-Way Acquisition & Permitting
To be completed in early FY 2018/19
Construction
Commence near year end of FY 2018/19 and run through FY 2019/20
Project Closeout
FY 2020/21
Operating Cost Impacts Additional lane miles will be added to the street maintenance inventory. One new traffic signal at West Main Avenue/Hale Avenue will also be added to the streets inventory.
2019-2024 Six-Year Capital Improvement Program
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