City of Greensboro
RESULT AREA
DEPARTMENT
219
2015-2024
Capital Improvements Program
Tracking#
PROGRAM
Neighborhood Development
DISTRICT
2
ACCOUNT NUMBER
402-4531-02
PROJECT TITLE
South Elm Street Redevelopment
TYPE
REQUEST
Continuation
PROJECTED
START
PROJECTED
COMPLETION
Fall 2012
2023
212-2211-13
Infrastructure
Planning and Community Development
PROJECT DESCRIPTION
The City has received grants from the EPA and HUD for the S Elm Street
brownfields site. These grant funds will be combined with city funds to undertake
an environmental assessment, remediation, property acquisition, relocation,
demolition and infrastructure.Original project budget called for $3,275,000 to be
funded with Certificates of Participation; use of $1,275,000 of these funds are
water lines, storm sewer , sanitary sewer, streets and streetscape. The remaining
$2,000,000 is for parking decks. The budget also called for $550,000 from
General Fund/Water Resources Fund.
$0
$3,675,000
Approved Funding:
Estimated Budget:
BUDGET INFORMATION
BUDGET COMMENTS
"Other Revenue" is made up of Certificates of Participation and Powell Bill
Funding. "Enterprise Funds" are from water/sewer, and "Grants" are from
CDBG.
Expenses
Planning/Design
Fiscal Year
Land
Construction
Equipment
Fiscal Year Total
75,000
0
0
3,675,000
3,600,000
14 15
-
0
0
0
0
0
15 16
-
0
0
0
0
0
16 17
-
0
0
0
0
0
17 18
-
0
0
0
0
0
18 19
-
0
0
0
0
0
19 24
-
3,600,000
0
0
75,000
3,675,000
Total
Revenue
General
Fund
Enterprise
Fund
Grants
Authorized
Bonds
Unauthorized
Bonds
Unauthorized
Bonds 2
Revenue
Bonds
Fiscal
Year
Other
Revenue
Fiscal Year
Total
3,675,000
0
0
0
0
3,224,000
376,000
0
75,000
14 15
-
0
0
0
0
0
0
0
0
0
15 16
-
0
0
0
0
0
0
0
0
0
16 17
-
0
0
0
0
0
0
0
0
0
17 18
-
0
0
0
0
0
0
0
0
0
18 19
-
0
0
0
0
0
0
0
0
0
19 24
-
0
0
0
75,000
376,000
0
Total
0
3,675,000
3,224,000
Operating Impact
Fiscal Year Total
Fiscal Year
Personnel
Maintenance
Operations
Capital Outlay
Revenues
0
0
0
0
0
-
14 15
0
0
0
0
0
-
15 16
0
0
0
0
0
-
16 17
0
0
0
0
0
-
17 18
0
0
0
0
0
-
18 19
0
0
0
0
0
-
19 24
Total
0
0
0
0
0
65
