Page 420 - City of Bedford FY20 Approved Budget

CITY OF BEDFORD - FY 19-20 CAPITAL PROJECT SUMMARY

PROJECT: Street PROJECT TYPE: SIEDC 4B Corp. FUNDING SOURCE(S):
PROJECT TITLE: Street Improvement SIEDC $ 753,688

PROJECT DESCRIPTION: CDBG $ 155,000
This project consists of the reconstruction of various streets, to include Rankin Drive GO Bond $ 71,612
from Forest Ridge Drive to Brook Hollow Park, Shady Lake from Shady Brook to
Lakeview, Robindale Drive from Wade to Martha, Deuce Drive from Tennis to Brown $
Trail, Murphy Drive from Harwood Road to Cheeksparger Road, Briar Drive from Forest
$
Ridge Drive to Circle Lane, Bedford Court East from Brown Trail to Hurst City limit, and
Monette Drive from Wade to Circle Lane. TOTAL FUNDED $ 980,300
UNFUNDED $ 8,894,000

PROJECT TOTAL $ 9,874,300
PROJECT COSTS Thru FY 2025 to
(amounts in 000s) 09/2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Completion Total
Design - 45,000 - - - - - 45,000
Land/Right-of-Way - - - - - - - -
Construction 508,700 426,600 7,280,000 1,614,000 - - - 9,829,300

Landscaping - - - - - - - -
Equipment & Furnishings - - - - - - - -
Other - - - - - - - -
TOTAL COSTS 508,700 471,600 7,280,000 1,614,000 - - - 9,874,300
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 508,700 244,988 - - - - - 753,688

GO Bonds Issued - 71,612 - - - - - 71,612
GO Bonds Unissued - - - - - - - -
Certificates of Obligation - - - - - - - -
Other CDBG - 155,000 - - - - - 155,000

Unfunded - - 7,280,000 1,614,000 - - - 8,894,000
TOTAL COSTS 508,700 471,600 7,280,000 1,614,000 - - - 9,874,300
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 2018 2021
Land/Right-of-Way
Construction 2019 2022
Finish Out
Other
387
TOTAL SCHEDULE 2019 2022