Page 414 - City of Bedford FY20 Approved Budget

CITY OF BEDFORD - FY 19-20 CAPITAL PROJECT SUMMARY

PROJECT: SWIFT PROJECT TYPE: Water/Wastewater FUNDING SOURCE(S):
PROJECT TITLE: SWIFT Water Line Replacement Certificates of Obligation $ 28,777,350

PROJECT DESCRIPTION: $
Many of the water lines in the City of Bedford are 30 plus years old and are rapidly $
deteriorating. Many of the water lines that will be replaced have had multiple breaks,
placing customers without service and water loss. This large project will consist of $
multiple smaller projects for the replacement of these lines.
$
TOTAL FUNDED $ 28,777,350
UNFUNDED $ 6,056,445

PROJECT TOTAL $ 34,833,795
PROJECT COSTS Thru FY 2025 to
(amounts in 000s) 09/2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Completion Total
Design - - - - - - - -
Land/Right-of-Way - - - - - - - -
Construction 15,839,795 9,990,000 5,593,000 3,411,000 - - - 34,833,795

Landscaping - - - - - - - -
Equipment & Furnishings - - - - - - - -
Other - - - - - - - -
TOTAL COSTS 15,839,795 9,990,000 5,593,000 3,411,000 - - - 34,833,795
SOURCE OF FUNDS Thru FY 2025 to
(amounts in 000s) 09/2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Completion Total
Current Funds - - - - - - - -

GO Bonds Issued - - - - - - - -
GO Bonds Unissued - - - - - - - -
Certificates of Obligation 15,839,795 9,990,000 2,947,555 - - - - 28,777,350
Other - - - - - - - -

Unfunded - - 2,645,445 3,411,000 - - - 6,056,445
TOTAL COSTS 15,839,795 9,990,000 5,593,000 3,411,000 - - - 34,833,795
OPERATING BUDGET IMPACT
MAP/PHOTOGRAPH
Will Impact Annual Cost/(Savings)
Will Not Impact Personnel $
Operations $
# of Positions: Capital $
Unable to quantify Total $
IMPACT EXPLANATION

Replacement of water mains will decrease the amount of breaks to
the water distribution system.

PROJECT SCHEDULE START FINISH
Design 2013 2020
Land/Right-of-Way
Construction 2016 2029
Finish Out
Other
381
TOTAL SCHEDULE 2013 2029