Capital Improvements Program FY 2015 - 2024

City of Greensboro

2015-2024 Capital Improvements Program

ACCOUNT NUMBER 454-6001-01

RESULT AREA

PROGRAM 2006 Bond Program DISTRICT Multi

General Government

DEPARTMENT

Tracking#

260

Economic Dev and Business Support

PROJECT TITLE Economic Development Infrastructure Improvements

TYPE REQUEST Continuation

PROJECTED START

PROJECTED COMPLETION

Summer 2009

Summer 2015

PROJECT DESCRIPTION These funds would be used to support the city’s Urban Development Investment Program, fund public/private initiative to develop a corporate park, and fund necessary infrastructure projects (i.e. steetscape and water/sewer infrastructure) that would allow continued growth in the area’s economy and the creation of new jobs for our citizens. Utilization of the fund for land acquisition and preparation of ready-to-build sites would alleviate a current critical shortcoming that the area faces in recruiting industrial and business prospects.

Approved Funding: Estimated Budget: BUDGET INFORMATION

BUDGET COMMENTS

$10,000,000 $10,000,000

Of the original $10,000,000 in approved bonds, $4,150,305 has been transferred for the following projects: NC 68 GTCC Campus, the Boulder Road Industrial Sites, McConnell Center Corporate Park, and Piedmont Triad Airport Authority Industrial Sites.

Expenses

Fiscal Year

Planning/Design

Land

Construction

Equipment

Fiscal Year Total

14 15 -

0

0

2,000,000

0

2,000,000

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 -

0

0

0

0

0

Total

0

0

2,000,000

0

2,000,000

Revenue

Fiscal Year 14 15 - 15 16 - 16 17 - 17 18 - 18 19 - 19 24 -

General Fund

Enterprise Fund

Grants

Authorized Bonds

Unauthorized Bonds

Unauthorized Bonds 2

Revenue Bonds

Other Revenue

Fiscal Year Total 2,000,000

0

0

0

2,000,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Total

0

0

0

2,000,000

0

0

0

0

2,000,000

Operating Impact

Maintenance Operations

Fiscal Year

Personnel

Capital Outlay

Revenues

Fiscal Year Total

- 14 15 - 15 16 - 16 17 - 17 18 - 18 19 - 19 24

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Total

55

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