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84
Bond Referendum (Proposed)
4,500,000
8,860,000
1,350,000
14,710,000
Debt Obligation
8,000,000
8,000,000
Not Funded
50,003,750
50,003,750
Total Programmed
6
5,275,000
13,650,000
17,865,000
2,684,000
2,272,500
50,003,750
91,750,250
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Project cost estimates updated, include a contingency and a cost modifier applied to mitigate rising development cost.
-
First year design cost is calculated as 25% of total estimated project cost.
-
Adopted plan priorities, study influences and changing needs applied.
CIP PROJECT SUMMARIES
The recommended FY2020 CIP has been updated to account for rising
development cost and other
influences such as adopted plan priorities, study results and changing needs. The following are some other
updates:
Other Updates
NEW PROJECT CONCEPTS:
Park West Fire Station
Cedar Fork District Park General Improvements
Airport Boulevard Extension
Church Street North Bypass
MODIFICATIONS TO EXISTING PROJECTS:
Relabeled Civil War Battleground Park to Future Town Parks/Open Space
Relabeled Rural Heritage Park to Page Historic Homesite
Relabeled Town Hall Terraces Greenway to Indian Creek Greenway Connector - Town Hall Terraces
Town Center Park Lot shifted out to future - pending Town Center discussions
Northwest Fire Station moved up due to study findings
Public Works construction shifted out 2 years - continued collaboration with Wake County
Update all timelines & estimates
Built in contingency modifier to mitigate rising development cost
REMOVED PROJECTS:
Police & Fire Local Training Facility
Safety House
Morrisville East Connector
Odyssey Drive Extension
Town Hall Drive Medians - Bike Lanes
The following CIP Project Summaries outline scope details, justification and preliminary estimates.
6
Town Council adopted with the budget/CIP the addition of Fire Station #2 Relocation project;
appropriated reserves in FY 2020 for NC 54 Corridor Congestion Mitigation projects that is inclusive of
Airport Boulevard Extension; reduced the design appropriation for Crabtree Creek Nature Park; and
added Future Priorities to demonstrate the importance for future capital planning.