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Main Street Park & Amphitheater (Town Center)
Project Description: Design and construct a public park and amphitheater in the Town Center Main Street Area.
Town Goals
Serve the Community
Promote an environmentally sensitive and livable community
Run the Operations
Model a positive town image
Serve the Community
Foster a healthy community
Serve the Community
Provide a safe community
Benefits of Project:
Lead Department:
Parks and Rec./Public Works
1. Provide high quality open space for public use
Date Added to CIP:
2012
2. Provide greenspace to enhance Main Street appearance
Review Date:
31-Oct-12
3. Provide recreational opportunities for families
Design Start Year:
2020
4. Provide amphitheater for a wide variety of performances and events
Construction Start Year:
2021
5. Progress towards adopted Town Center Plan
Estimated Project Costs:
$4,127,803
Additional Staffing Required:
No
Number of New Positions:
0
Operations and Maintenance Estimates
2018
2019
2020
2021
2022
O&M Remarks:
Some minor offsetting User Fee
Revenue for Shelter Rentals
and Amphitheater use
Equipment and Furniture
Utilities
$
3,500 $
3,600 $
3,700 $
3,800 $
3,900
Maintenance
$
8,000 $
8,250 $
8,500 $
8,750 $
9,000
Supplies
$
500 $
550 $
600 $
650 $
700
Personnel
$
- $
- $
- $
- $
-
TOTAL
$
12,000 $
12,400 $
12,800 $
13,200 $
13,600
Other Funding
Sources and
Related Revenue
Projections
<est ?> PIL should offset cost of about 2 acres of land acquisition
Financing Plan
Installment 10
Tax on $100k
Debt Service Schedule
Tax Base
¢ Tax
$
97.30
1 2022
$
474,697 $ 4,299,514,804
1.10
$
11.00
2 2023
$
462,314 $ 4,428,500,249
1.04
$
10.40
3 2024
$
449,930 $ 4,561,355,256
0.99
$
9.90
4 2025
$
437,547 $ 5,245,558,544
0.83
$
8.30
5 2026
$
321,969 $ 5,402,925,301
0.60
$
6.00
6 2027
$
313,713 $ 5,565,013,060
0.56
$
5.60
7 2028
$
305,457 $ 5,731,963,452
0.53
$
5.30
8 2029
$
297,202 $ 5,903,922,355
0.50
$
5.00
9 2030
$
288,946 $ 6,081,040,026
0.48
$
4.80
10
2031
$
280,691 $ 6,263,471,227
0.45
$
4.50
11
2032
$
272,435 $ 6,451,375,363
0.42
$
4.20
12
2033
$
264,179 $ 7,096,512,900
0.37
$
3.70
13
2034
$
255,924 $ 7,238,443,158
0.35
$
3.50
14
2035
$
247,668 $ 7,383,212,021
0.34
$
3.40
15
2036
$
239,413 $ 7,530,876,261
0.32
$
3.20
16
2037
$
231,157 $ 7,681,493,786
0.30
$
3.00
17
2038
$
119,706 $ 7,835,123,662
0.15
$
1.50
18
2039
$
115,578 $ 7,991,826,135
0.14
$
1.40
19
2040
$
111,451 $ 8,151,662,658
0.14
$
1.40
20
2041
$
107,323 $ 8,966,828,924
0.12
$
1.20
Comments: Amphitheater would be comprised of sloping grass leading
down to a flat performance space. Amphitheater would be designed
to support multiple functions and needs such as restrooms, storage,
and picnic shelter when not in use for events. Cost of amphitheater
by itself is approximately $200,000. Land acquisition cost is a large
portion of total cost. Park would also contain walking trails,
playground area, shelters, and restrooms. Desired location is the
North and South side of Carolina at Church Streets - up to 4
acres. Town Center adopted plan identifies this as a desired project
concept. The Parks Master Plan identifies the opportunity for a
recreational site within the general area. The Type of Use may not
afford grant opportunities in future based on typical grant source
requirements.
PIL should offset cost of about 2 acres of land
acquisition.
Town Facilities Projects
Priority
Total Group Projects
Total Projects
Town Priority
Project Number
56