FY2023 Adopted Budget

PARKS & RECREATION

Department

R4350

Project #

Juli Seydell-Johnson

Contact

Project Name Chadek Green Park Playground & and Shelter

One Phase

Type

20 years

Useful Life

GRANTEE NONE

PLAN Park Master Plan

Parks Maintenance

Category

MATCH % NONE

TIF DISTRICT None

Essential (2)

Priority

Description Build picnic shelter, playground, accessible paths and parking at Chadek Green Park community gardens. Justification The 2017 Park Master Plan recommends these park improvement projects to address park needs in the community. Total Project Cost: $450,000

Active

Status

Expenditures

Total

2022

2023

2024

2025

2026

Prior

CONSTRUCTION

350,000

350,000

60,000

INSPECTION

10,000

10,000

Total

CONTINGENCY

30,000

30,000

390,000

390,000

Total

Funding Sources

Total

2022

2023

2024

2025

2026

GO BONDS-ESSENTIAL PURPOSE

450,000

450,000

450,000

450,000

Total

Budget Impact/Other This project will increase the annual operating expenditures due to the additional restroom, shelter and playground. The estimated increase is less than $10,000 per year. This serves as a declaration of official intent under Treasury Regulation 1.150-2 that it is reasonably expected that capital expenditures will be made in respect of the above-described project, such expenditures to be advanced from the Capital Projects fund, and the City reasonably expects to reimburse all or a portion of the expenditures with the proceeds of bonds, notes or other indebtedness to be issued or incurred by the City in the future.

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