401 / 634
introduction FY2014
Train Depot (Railroad Town)
Project Description: Design and construct a replica of 1800's Train Depot in the Town Center identifying the town as a Railroad Town.
Town Goals
Manage Resources
Invest in Infrastructure and Transportation
Serve the Community
Provide an EnvironmentallySensitive & Livable Community
Serve the Community
Foster a Healthy Community
Run the Operations
Model a Positive Town Image
Benefits of Project:
Lead Department:
Public Works Department
1. Commemorate Morrisville's origins as a depot village
Date Added to CIP:
2009
2. Enhance the historic character of the Crossroads area
Review Date:
15-Mar-09
3. Help mark the gateway into the Town Center core
Design Start Year:
2020
4. Create a distinctive space to tell the railroad history of the town
Construction Start Year:
2021
5. Help draw visitors to Morrisville
Estimated Project Costs:
$4,395,692
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
Maintenance
Supplies
Personnel
Other Funding
Sources and
Related Revenue
Projections
None
Financing Plan
Installment 10
Tax on $100k
Debt Service Schedule
Tax Base
¢ Tax
$
102.20
1 2022
$
537,652 $ 4,299,514,804
1.25
$
12.50
2 2023
$
537,652 $ 4,428,500,249
1.21
$
12.10
3 2024
$
537,652 $ 4,561,355,256
1.18
$
11.80
4 2025
$
537,652 $ 5,245,558,544
1.02
$
10.20
5 2026
$
537,652 $ 5,402,925,301
1.00
$
10.00
6 2027
$
537,652 $ 5,565,013,060
0.97
$
9.70
7 2028
$
537,652 $ 5,731,963,452
0.94
$
9.40
8 2029
$
537,652 $ 5,903,922,355
0.91
$
9.10
9 2030
$
537,652 $ 6,081,040,026
0.88
$
8.80
10
2031
$
537,652 $ 6,263,471,227
0.86
$
8.60
11
2032
$
- $ 6,451,375,363
0.00
$
-
12
2033
$
- $ 7,096,512,900
0.00
$
-
13
2034
$
- $ 7,238,443,158
0.00
$
-
14
2035
$
- $ 7,383,212,021
0.00
$
-
15
2036
$
- $ 7,530,876,261
0.00
$
-
16
2037
$
- $ 7,681,493,786
0.00
$
-
17
2038
$
- $ 7,835,123,662
0.00
$
-
18
2039
$
- $ 7,991,826,135
0.00
$
-
19
2040
$
- $ 8,151,662,658
0.00
$
-
20
2041
$
- $ 8,966,828,924
0.00
$
-
Comments:
Ed Lynch needed here per BH to better estimate project cost and location. - Include land acquisition.
Town Center Projects
Priority
24.0199241
Total Group Projects
0
Total Projects
0
Town Priority
Project Number
1360
48