FY2021 Adopted Budget

Capital Project Summary

Capital Project Number: GG3005

Activity #:

Capital Project Title: Middletown Library Asset Type: Library Asset Category: General Government

Region: Middletown

Year Identified: 2017 Est Completion Date: 3/1/2023

Capital Project Status: Active

Capital Project Description: This project replaces the Middletown Branch Library on Prospect Street with a new 15,250 s.f. library on a developer- donated site on Green Street, west of the school complex. The Town will transfer the property to the County upon the County's request.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2021

2022

2023

2024

2025

2026 Costs After

NonCapital Furniture/Equipment

482,534

384,904

97,630

Site Improvement - NonBldg

122,599 662,418

122,599 662,418

Architect/Engineering

Construction

6,424,179

6,424,179

Construction - IIT Infrastruct

69,360 165,509 30,650 860,801 49,158

69,360 165,509

Inspectors - County Project Management

30,650

Capital - Furniture / Equipmen

697,355 163,446

Capital - IIT Hardware

49,158

Total Cost:

8,867,208

815,667 7,790,465 261,076

Funding Schedule:

Project Total

Prior Budget

Categories

2021

2022

2023

2024

2025

2026 Costs After

State Grants - Capital Trans from General Fund Trans from Impact Fee General Obligation Bonds

1,375,000

300,000 1,000,000

75,000

0

4,492,208

515,667 3,790,465 186,076

0

Impact Fee Bonds

3,000,000 8,867,208

3,000,000

Total Cost:

815,667 7,790,465 261,076

534