Secondary and Cumulative Impacts Master Management Plan - 2014

introduction FY2014

Carolina Street Connection Project Description: Connect Carolina Street to Town Hall Drive to form the new Main Street for the community.

Serve the Community Serve the Community Run the Operations Manage the Resources

Provide an Environmentally Sensitive & Livable Community

Foster a Healthy Community Model a Positive Town Image

Invest in Infrastructure and Transportation

Town Goals

Benefits of Project:

Lead Department: Date Added to CIP:

1 Provide access to the Main Street 2 Create a walkable Main Street

2012

Review Date:

31-Oct-12

3 Help establish central gathering place for the community

Design Start Year:

2020 2021

Construction Start Year: Estimated Project Costs: Additional Staffing Required: Number of New Positions:

$354,427

No

0

Operations and Maintenance Estimates

2016

2017

2018

2019

2020

O&M Remarks:

Equipment and Furniture Utilities Maintenance Supplies Personnel

Payment in Lieu of infrastructure

Possible

Other Funding Sources and Related Revenue Projections

Financing Plan

Installment 10

Tax on $100k

Debt Service Schedule

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

8.30 1.80 1.80 1.70 1.50 1.50

Tax Base

¢ Tax

1 2022 2 2023 3 2024 4 2025 5 2026 6 2027 7 2028 8 2029 9 2030

0.18 0.18 0.17 0.15 0.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

78,914 $ 4,299,514,804 78,914 $ 4,428,500,249 78,914 $ 4,561,355,256 78,914 $ 5,245,558,544 78,914 $ 5,402,925,301

- - - - - - - - - - - - - - -

- $ 5,565,013,060 - $ 5,731,963,452 - $ 5,903,922,355 - $ 6,081,040,026 - $ 6,263,471,227 - $ 6,451,375,363 - $ 7,096,512,900 - $ 7,238,443,158 - $ 7,383,212,021 - $ 7,530,876,261 - $ 7,681,493,786 - $ 7,835,123,662 - $ 7,991,826,135 - $ 8,151,662,658 - $ 8,966,828,924

10 11 12 13 14 15 16 17 18 19 20

2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041

Comments: This project would connect the existing western stub of Carolina Street to Town Hall Drive. The projected cost is a rough estimate that is based on the cost to build Jeremiah Street. A separate project would be needed to improve Carolina Street along its full length to Church Street to bring it up to the standards needed to serve as a Main Street, with 20-foot wide sidewalks, street trees, and angled parking.

Budget: This project may not require installment purchase should payment in lieu funds be acquired through Main Street Development.

Town Facilities Projects Priority Total Group Projects

Total Projects Town Priority Project Number

53