Secondary and Cumulative Impacts Master Management Plan - 2014

introduction FY2014

Main Street Park & Amphitheater (Town Center) Project Description: Design and construct a public park and amphitheater in the Town Center Main Street Area.

Serve the Community Run the Operations Serve the Community Serve the Community

Promote an environmentally sensitive and livable community

Model a positive town image Foster a healthy community Provide a safe community

Town Goals

Benefits of Project:

Lead Department: Date Added to CIP:

Parks and Rec./Public Works

1. Provide high quality open space for public use

2012

2. Provide greenspace to enhance Main Street appearance

Review Date:

31-Oct-12

3. Provide recreational opportunities for families

Design Start Year:

2020 2021

4. Provide amphitheater for a wide variety of performances and events

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

5. Progress towards adopted Town Center Plan

$4,127,803

No

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 $ 8,000 $

3,600 $ 8,250 $

3,700 $ 8,500 $

3,800 $ 8,750 $

3,900 9,000

Maintenance

Supplies Personnel

500 $

550 $

600 $

650 $

700

- $

- $

- $

- $

-

TOTAL

12,000 $

12,400 $

12,800 $

13,200 $

13,600

Other Funding Sources and Related Revenue Projections

PIL should offset cost of about 2 acres of land acquisition

Financing Plan

Installment 10

Tax on $100k

Debt Service Schedule

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

97.30 11.00 10.40

Tax Base

¢ Tax

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

1.10 1.04 0.99 0.83 0.60 0.56 0.53 0.50 0.48 0.45 0.42 0.37 0.35 0.34 0.32 0.30 0.15 0.14 0.14 0.12

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

474,697 $ 4,299,514,804 462,314 $ 4,428,500,249 449,930 $ 4,561,355,256 437,547 $ 5,245,558,544 321,969 $ 5,402,925,301 313,713 $ 5,565,013,060 305,457 $ 5,731,963,452 297,202 $ 5,903,922,355 288,946 $ 6,081,040,026 280,691 $ 6,263,471,227 272,435 $ 6,451,375,363 264,179 $ 7,096,512,900 255,924 $ 7,238,443,158 247,668 $ 7,383,212,021 239,413 $ 7,530,876,261 231,157 $ 7,681,493,786 119,706 $ 7,835,123,662 115,578 $ 7,991,826,135 111,451 $ 8,151,662,658 107,323 $ 8,966,828,924

9.90 8.30 6.00 5.60 5.30 5.00 4.80 4.50 4.20 3.70 3.50 3.40 3.20 3.00 1.50 1.40 1.40 1.20

Paste a Picture in space provided

10 11 12 13 14 15 16 17 18 19 20

2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041

PIL should offset cost of about 2 acres of land acquisition.

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.

Town Facilities Projects Priority Total Group Projects

Total Projects Town Priority Project Number

56