Capital Improvements Program FY 2015 - 2024
City of Greensboro
2015-2024 Capital Improvements Program
ACCOUNT NUMBER 402-4531-02
RESULT AREA
PROGRAM Neighborhood Development DISTRICT 2
DEPARTMENT Infrastructure
212-2211-13
Tracking#
219
Planning and Community Development
PROJECT TITLE South Elm Street Redevelopment
TYPE REQUEST Continuation
PROJECTED START
PROJECTED COMPLETION
Fall 2012
2023
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.
Approved Funding: Estimated Budget: BUDGET INFORMATION
BUDGET COMMENTS
$0 $3,675,000
"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
Fiscal Year
Planning/Design
Land
Construction
Equipment
Fiscal Year Total
14 15 -
75,000
0
3,600,000
0
3,675,000
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
75,000
0
3,600,000
0
3,675,000
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 3,675,000
0
376,000
75,000
0
0
0
0
3,224,000
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
Total
0
376,000
75,000
0
0
0
0
3,224,000
3,675,000
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
Total
0
0
0
0
0
65
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