389 / 634
introduction FY2014
Southport Drive Extension
Project Description: Design and construct 0.49 miles of new roadway connecting northern terminus of Southport Drive to the current eastern terminus of Southport
Drive at International Drive. On the 2009 Transportation Plan the road is shown as a 2- Lane Collector (37 feet b-b) within a 55 foot ROW.
Town Goals
Manage Resources
Invest in Infrastructure and Transportation
Serve the Community
Provide a Safe Community
Benefits of Project:
Lead Department:
Public Works Department
1. Reduce congestion on NC 54, specifically in the Town Center area. Date Added to CIP:
2009
2. Relieve congestion at the intersection of NC 54 & Aviation/M-C Rd. Review Date:
30-Oct-12
3.Will reduce congestion on Aviation Pkwy. once connected to
Design Start Year:
2020
McCrimmon Parkway extension.
Construction Start Year:
2021
Estimated Project Costs:
$3,632,463
Additional Staffing Required:
No
Number of New Positions:
0
Operations and Maintenance Estimates
2022
2023
2024
2025
2026
O&M Remarks:
Equipment and Furniture
Utilities
$
1,500 $
1,500 $
1,500 $
1,500 $
1,500
Maintenance
$
1,000 $
1,000 $
1,000 $
1,000 $
1,000
Supplies
Personnel
Other Funding
Sources and
Related Revenue
Projections
None
Financing Plan
Bond 7.5/5/2.5
Tax on $100k
Debt Service Schedule
Tax Base
¢ Tax
$
85.70
1 2022
$
417,733 $ 4,299,514,804
0.97
$
9.70
2 2023
$
406,836 $ 4,428,500,249
0.92
$
9.20
3 2024
$
395,939 $ 4,561,355,256
0.87
$
8.70
4 2025
$
385,041 $ 5,245,558,544
0.73
$
7.30
5 2026
$
283,332 $ 5,402,925,301
0.52
$
5.20
6 2027
$
276,067 $ 5,565,013,060
0.50
$
5.00
7 2028
$
268,802 $ 5,731,963,452
0.47
$
4.70
8 2029
$
261,537 $ 5,903,922,355
0.44
$
4.40
9 2030
$
254,272 $ 6,081,040,026
0.42
$
4.20
10
2031
$
247,008 $ 6,263,471,227
0.39
$
3.90
11
2032
$
239,743 $ 6,451,375,363
0.37
$
3.70
12
2033
$
232,478 $ 7,096,512,900
0.33
$
3.30
13
2034
$
225,213 $ 7,238,443,158
0.31
$
3.10
14
2035
$
217,948 $ 7,383,212,021
0.30
$
3.00
15
2036
$
210,683 $ 7,530,876,261
0.28
$
2.80
16
2037
$
203,418 $ 7,681,493,786
0.26
$
2.60
17
2038
$
105,341 $ 7,835,123,662
0.13
$
1.30
18
2039
$
101,709 $ 7,991,826,135
0.13
$
1.30
19
2040
$
98,077 $ 8,151,662,658
0.12
$
1.20
20
2041
$
94,444 $ 8,966,828,924
0.11
$
1.10
Comments:
Construction Cost includes the road, purchase of ROW, street lights, 12 inch watermain and 10%
contingency.
Town Roadway Projects
Priority
34.89184061
Total Group Projects
0
Total Projects
0
Town Priority
Project Number
1060
36