Secondary and Cumulative Impacts Master Management Plan - 2014

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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
Funding Sources Identified Project Year
(Design) Total Cost
Incurring Debt Project YearEstimated Cost
Debt Service First
Year
Interest Rate
Equivalent Tax Rate
AssumptionAdopted
Plan/Input Source
ACTIVE Capital Investment Projects
2004 Bond Projects – Recreational Facilities (includes
RTP Park, Northwest Park and Cedar Fork Ball Fields) 2011 $4,000,000 $ 5,783,000 2014 5% 1.27 MP
2012 Bond Project - NC54 Bypass 2014 $14,300,000 $ 14,300,000 2016 5% 3.86 TP
2012 Bond Project - MAFC Reconstruction 2016 $ 3,500,040 $ 3,500,000 2018 5% 0.92 MP
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
International Drive 01 & East 01 Unfunded $ 3,597,900 $ 4,557,712 2022 4% 1.22 TP
Southport Drive Extension Unfunded $ 2,867,500 $ 3,632,463 2022 4% 0.97 TP
International Drive 02 Unfunded $ 2,382,400 $ 3,017,953 2022 4% 0.81 TP
Morrisville East Connector Unfunded $ 3,737,600 $ 4,734,680 2022 4% 1.27 TP
Town Hall Drive Medians/Bike Lanes Unfunded $ 895,000 $ 1,133,759 2022 4% 0.59 TP
International Drive 03 Unfunded $ 7,839,500 $ 9,930,844 2022 4% 2.66 TP
Town Facilities Projects
Public Works Facility Unfunded $ 4,500,000 $ 5,064,790 2022 4% 1.57
Northwest Fire Station Unfunded $ 2,320,000 $ 5,888,907 2022 5% 1.76
Police/Fire Training Facility Unfunded $ 1,170,000 $ 4,982,121 2022 4% 1.00
Crabtree Nature Park* Unfunded $ 2,895,000 $ 4,127,578 2022 4% 1.17 MP
Crabtree Crossing Greenway Extension Unfunded $ 785,250 $ 920,046 2022 4% 0.48 MP
Sawmill Creek Greenway Unfunded $ 4,390,000 $ 5,143,584 2022 4% 1.38 MP
Fire Radio Equipment Unfunded $ 1,028,250 $ 1,204,759 2022 4% 0.62
Town Center Projects
Train Depot (Railroad Town) Unfunded $ 3,470,000 $ 4,395,692 2022 4% 1.25 TC
Recreation Center and Main Street Plaza - Town
Center Unfunded $ 6,346,175 $ 7,435,555 2022 4% 1.99 TC
Town Center Gateway Unfunded $ 134,922 $ 158,083 2022 4% 0.08 TC
Morrisville Rural Heritage Park and Farmer's Market -
Town Center Unfunded $ 5,464,000 $ 6,401,947 2022 4% 1.71 TC
Main Street Stormwater Treatment - Town Center Unfunded $ 595,000 $ 697,137 2022 4% 0.20 TC
Carolina Street Connection - Town Center Unfunded $ 302,500 $ 354,427 2022 4% 0.18 TC
Civil War Battleground Park - Town Center Unfunded $ 5,576,000 $ 6,533,173 2022 4% 1.75 TC
Town Center Parking Lot Unfunded $ 351,000 $ 411,252 2022 4% 0.21 TC
Main Street Park & Amphitheater Unfunded $ 3,523,040 $ 4,127,803 2022 4% 1.10 TC
Note: The Equivalent Tax Rate assumptions are based on the estimated cost of the 1st 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
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