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Town Center Parking Lot
Project Description: Build a public parking lot to support community use and business development in the Town Center.
Town Goals
Serve the Community
Provide an Environmentally Sensitive & Livable Community
Serve the Community
Foster a Healthy Community
Run the Operations
Model a Positive Town Image
Manage the Resources
Invest in Infrastructure and Transportation
Benefits of Project:
Lead Department:
1 Enable residents and visitors to access the Town Center.
Date Added to CIP:
2012
2 Support business development in the Town Center.
Review Date:
31-Oct-12
3 Support siting of new community facilities in the Town Center.
Design Start Year:
2020
Construction Start Year:
2021
Estimated Project Costs:
$411,252
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
Supplies
Personnel
Other Funding
Sources and
Related Revenue
Projections
None
Financing Plan
Installment 10
Tax on $100k
Debt Service Schedule
Tax Base
¢ Tax
$
9.60
1 2022
$
91,567 $ 4,299,514,804
0.21
$
2.10
2 2023
$
91,567 $ 4,428,500,249
0.21
$
2.10
3 2024
$
91,567 $ 4,561,355,256
0.20
$
2.00
4 2025
$
91,567 $ 5,245,558,544
0.17
$
1.70
5 2026
$
91,567 $ 5,402,925,301
0.17
$
1.70
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: Cost estimate is based on cost to build PSMS Parking Lot.
Cost estimate assumes 60-space parking lot @ $5,000 per space.
Land acquisition. Approximately 1 acre.
Budget: This project likely is a Capital Cash
Outlay planned through the annual budget
process. The Town would not necessarily
incur debt for such a project unless grouped
with another CIP project concept due to
relationship.
Town Facilities Projects
Priority
Total Group Projects
Total Projects
Town Priority
Project Number
55