Page 402 - City of Bedford FY21 Budget

CITY OF BEDFORD - FY 20-21 CAPITAL PROJECT SUMMARY

PROJECT: Water PROJECT TYPE: Water/Wastewater FUNDING SOURCE(S):
PROJECT TITLE: SWIFT Water Line Replacement Water & Sewer Utility Repair $ 280,000

PROJECT DESCRIPTION: Certificates of Obligation $ 29,807,540
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 $ 30,087,540
UNFUNDED $ -

PROJECT TOTAL $ 30,087,540
PROJECT COSTS Thru FY 2026 to
(amounts in 000s) 09/2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Completion Total
Design 198,325 800,000 400,000 150,000 350,000 - - 1,898,325
Land/Right-of-Way - - - - - - - -
Construction 1,722,215 7,900,000 7,755,000 5,249,000 3,763,000 1,800,000 - 28,189,215

Landscaping - - - - - - - -
Equipment & Furnishings - - - - - - - -
Other - - - - - - - -
TOTAL COSTS 1,920,540 8,700,000 8,155,000 5,399,000 4,113,000 1,800,000 - 30,087,540
SOURCE OF FUNDS Thru FY 2026 to
(amounts in 000s) 09/2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Completion Total
Current Funds - 280,000 - - - - - 280,000

GO Bonds Issued - - - - - - - -
GO Bonds Unissued - - - - - - - -
Certificates of Obligation 1,920,540 8,420,000 8,155,000 5,399,000 4,113,000 1,800,000 - 29,807,540
Other - - - - - - - -

Unfunded - - - - - - - -
TOTAL COSTS 1,920,540 8,700,000 8,155,000 5,399,000 4,113,000 1,800,000 - 30,087,540
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 older, leaking water lines will reduce the water loss
percentage and decrease the amount of water purchased by the
City.

PROJECT SCHEDULE START FINISH
Design 2020 2024
Land/Right-of-Way
Construction 2020 2025
Finish Out
Other
367
TOTAL SCHEDULE 2020 2025