Page 407 - City of Bedford FY21 Budget
P. 407

CITY OF BEDFORD -   FY 20-21 CAPITAL PROJECT SUMMARY

     PROJECT:      Street                PROJECT TYPE: SIEDC 4B Corp.         FUNDING SOURCE(S):
     PROJECT TITLE: Street Improvement                                        SIEDC                     $        621,211

      PROJECT DESCRIPTION:                                                    General Obligation        $         27,568
      This project consists of the reconstruction of various streets, to include Rankin Drive   CDBG    $        165,830
      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 $         814,609

                                                                                             UNFUNDED $         8,630,000
      The project also includes the installation of a signal light and intersection
      improvements on Cheek Sparger Road at Woodpark Lane.                                PROJECT TOTAL $       9,444,609

           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               814,609    2,725,000  5,560,000    345,000           -          -           -   9,444,609

     Landscaping                      -           -          -           -           -          -           -          -
     Equipment & Furnishings          -           -          -           -           -          -           -          -
     Other                            -           -          -           -           -          -           -          -
           TOTAL COSTS           814,609    2,725,000  5,560,000    345,000          -          -           -    9,444,609
          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              621,211           -          -           -           -          -           -    621,211

     GO Bonds Issued             27,568           -          -           -           -          -           -     27,568
     GO Bonds Unissued                -           -          -           -           -          -           -          -
     Certificates of Obligation       -           -          -           -           -          -           -          -
     Other CDBG                 165,830           -          -           -           -          -           -    165,830

     Unfunded                         -    2,725,000  5,560,000    345,000           -          -           -   8,630,000
           TOTAL COSTS           814,609    2,725,000  5,560,000    345,000          -          -           -    9,444,609
                        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                       2020              2022
     Land/Right-of-Way
     Construction                 2020              2023
     Finish Out
     Other
                                                             372
          TOTAL SCHEDULE          2020              2023
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