Page 418 - City of Bedford FY20 Approved Budget

CITY OF BEDFORD - FY 19-20 CAPITAL PROJECT SUMMARY

PROJECT: Drainage PROJECT TYPE: Drainage FUNDING SOURCE(S):
PROJECT TITLE: Drainage Improvements and Erosion Control Certificates of Obligation $ 173,322

PROJECT DESCRIPTION: General Obligation $ 3,301,271
A section of the concrete channel wall adjacent to Brookhollow Park, from Rankin $
Drive to the pedestrian bridge, collapsed in February 2018 during heavy rain storms.
Various other sections were also compromised. The project consists of the $
reconstruction of approximately 400 linear feet of an existing channel.
$

The project also consists of erosion control projects on Briar Drive, Shirley Way, Circle TOTAL FUNDED $ 3,474,593
Lane, Schumac Lane, Donna Lane, Brookwood Stream, Cheeksparger Road,
UNFUNDED $ 4,412,000
Commerce Place, east of Hospital Parkway, Ashford Drive and Berkshire Lane.
PROJECT TOTAL $ 7,886,593
PROJECT COSTS Thru FY 2025 to
(amounts in 000s) 09/2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Completion Total
Design 324,905 - - - - - - 324,905
Land/Right-of-Way - - - - - - - -
Construction - 3,149,688 4,412,000 - - - - 7,561,688

Landscaping - - - - - - - -
Equipment & Furnishings - - - - - - - -
Other - - - - - - - -
TOTAL COSTS 324,905 3,149,688 4,412,000 - - - - 7,886,593
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 195,000 3,106,271 - - - - - 3,301,271
GO Bonds Unissued - - - - - - - -
Certificates of Obligation 129,905 43,417 - - - - - 173,322
Other - - - - - - - -

Unfunded - - 4,412,000 - - - - 4,412,000
TOTAL COSTS 324,905 3,149,688 4,412,000 - - - - 7,886,593
OPERATING BUDGET IMPACT
MAP/PHOTOGRAPH
Will Impact Annual Cost/(Savings)
Will Not Impact Personnel $
Operations $
# of Positions: Capital $
Unable to quantify Total $
IMPACT EXPLANATION

PROJECT SCHEDULE START FINISH
Design 02/2015 2021
Land/Right-of-Way
Construction 2019 2022
Finish Out
Other
385
TOTAL SCHEDULE 02/2015 2022