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Town Center Gateway
Project Description: Create a Town Center Gateway through the acquisition and removal of Ben's Bargain Barn.
Town Goals
Serve the Community
Provide a safe community
Run the Operations
Model a positive town image
Benefits of Project:
Lead Department:
Parks and Rec./Public Works
1. Provide public open space
Date Added to CIP:
2012
2. Help create attractive gateway to Town Center
Review Date:
31-Oct-12
3. Open up view of Pugh House
Design Start Year:
2020
Construction Start Year:
2021
Estimated Project Costs:
$158,083
Additional Staffing Required:
No
Number of New Positions:
0
Operations and Maintenance Estimates
2015
2016
2017
2018
2019
O&M Remarks:
Equipment and Furniture
$
- $
- $
- $
- $
-
Utilities
$
- $
- $
- $
- $
-
Maintenance
$
1,100 $
1,100 $
1,100 $
1,100 $
1,100
Supplies
$
- $
- $
- $
- $
-
Personnel
$
- $
- $
- $
- $
-
TOTAL
$
1,100 $
1,100 $
1,100 $
1,100 $
1,100
Other Funding
Sources and
Related Revenue
Projections
None
Financing Plan
Installment 10
Tax on $100k
Debt Service Schedule
Tax Base
¢ Tax
$
3.80
1 2022
$
35,198 $ 4,299,514,804
0.08
$
0.80
2 2023
$
35,198 $ 4,428,500,249
0.08
$
0.80
3 2024
$
35,198 $ 4,561,355,256
0.08
$
0.80
4 2025
$
35,198 $ 5,245,558,544
0.07
$
0.70
5 2026
$
35,198 $ 5,402,925,301
0.07
$
0.70
6 2027
$
- $ 5,565,013,060
0.00
$
-
7 2028
$
- $ 5,731,963,452
0.00
$
-
8 2029
$
- $ 5,903,922,355
0.00
$
-
9 2030
$
- $ 6,081,040,026
0.00
$
-
10
2031
$
- $ 6,263,471,227
0.00
$
-
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: Land acquisition would cost approximately $84,000.
Demolition would cost approximately $20,000. Property owner has
expressed interest in selling property to Town.
Budget: This is likely a project to plan through
annual budget development using capital cash
outlay. The town will likely not incur debt
associated with such a small amount.
Town Facilities Projects
Priority
Total Group Projects
Total Projects
Town Priority
Project Number
50