Page 285 - Watauga FY22-23 Budget

CIP AND CAPITAL PROJECTS FUNDS

❖ Description: Parks Playground Equipment Replacement Project, $240,000 - This
project provides for improvements/replacements of playground equipment at various
parks in the City.

Justification: The playground equipment is in need of replacement due to age and
condition of disrepair.

Operating Impact: This project will be funded through the 2022 Certificates of
Obligation.

FY2022-23 BUILDING PROJECTS DISCUSSION

❖ Description: Parks Facility Building Improvements, $150,000 - This project provides
for improvements to the Parks Facility, providing for replacement of the aging pole barn
that houses equipment and vehicles and provides for material bins for storage.

Justification: The pole barn is in need of replacement due to its age and condition of
disrepair. The barn will house parks equipment and provide protection for equipment
and vehicles such as sun damage and severe weather events. The material bins will
provide storage for topsoil, mulch, and rock. The bins will provide protection for loss of
materials from storm runoff.

Operating Impact: This project will be funded through the 2018 Certificates of Obligation
and the 2020 Certificates of Obligation Proceeds.

FY2022-2023 ECONOMIC DEVELOPMENT PROJECTS DISCUSSION

FY2022-2023 FOOD BUSINESS PARK PROJECT- $456,000

❖ Description: This EDC project will provide for the construction of a food business park
at Capp Smith Park. The site is planned to include a small entertainment stage with
associated parking.

Justification: COVID-19 has severely impacted businesses in the area. This project is
designed to spur economic develop activity in the city and surrounding region to help
rebound from the impact. In addition, the private ownership of available parcels has
caused the small restaurant entrepreneurs to seek other options outside of the City due
to cost of real estate. The site will allow for mobile restaurants to support and promote
economic activity within the City of Watauga with the objective to give restaurant owners

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