Page 407 - City of Bedford FY21 Budget

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