Page 406 - City of Bedford FY21 Budget

CITY OF BEDFORD - FY 20-21 CAPITAL PROJECT SUMMARY

PROJECT: Drainage PROJECT TYPE: Drainage FUNDING SOURCE(S):
PROJECT TITLE: Drainage Improvements and Erosion Control Certificates of Obligation $ 158,195

PROJECT DESCRIPTION: General Obligation $ 2,662,493
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
$
was completed in July 2020.
TOTAL FUNDED $ 2,820,688
The project also consists of erosion control projects on Briar Drive, Shirley Way, Circle
UNFUNDED $ 7,660,000
Lane, Schumac Lane, Donna Lane, Brookwood Stream, Cheeksparger Road,
Commerce Place, east of Hospital Parkway, Ashford Drive and Berkshire Lane. PROJECT TOTAL $ 10,480,688

PROJECT COSTS Thru FY 2026 to
(amounts in 000s) 09/2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Completion Total
Design - - - - - - - -
Land/Right-of-Way - - - - - - - -
Construction 1,870,688 2,650,000 2,900,000 2,600,000 460,000 - - 10,480,688

Landscaping - - - - - - - -
Equipment & Furnishings - - - - - - - -
Other - - - - - - - -
TOTAL COSTS 1,870,688 2,650,000 2,900,000 2,600,000 460,000 - - 10,480,688
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 - - - - - - - -

GO Bonds Issued 1,870,688 791,805 - - - - - 2,662,493
GO Bonds Unissued - - - - - - - -
Certificates of Obligation - 158,195 - - - - - 158,195
Other - - - - - - - -

Unfunded - 1,700,000 2,900,000 2,600,000 460,000 - - 7,660,000
TOTAL COSTS 1,870,688 2,650,000 2,900,000 2,600,000 460,000 - - 10,480,688
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 2017 2020
Land/Right-of-Way
Construction 2019 2024
Finish Out
Other
371
TOTAL SCHEDULE 2017 2024