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Presented 10/7/14
<br />City of Louisville
<br />Five -Year Capital Improvement Program
<br />For the Years 2015 Through 2019
<br />Open Space & Parks Fund
<br />Project Description
<br />Budget
<br />•
<br />Estimate
<br />Proposed
<br />Proposed
<br />Proposed Proposed Proposed
<br />-'ear
<br />Totals
<br />Property Acquisition 1,268,000 1,389,000 - - -
<br />City Services Facility (25%) 1,337,500 1,337,500 1,612,5001 (2015 Cost = $6,450,000, Less Grant = $1,000,000) 1,612,500
<br />McCaslinlWashington Underpass (50 %) 432,630 432,630 - �� (Removed $35,000 in 2015 and $55,000 in 2016)
<br />Trail Improvements 27,500 27,500 - - 55,000 55,000 55,000 165,000
<br />Annual Tree Planting Program 7,500 7,500 15,000 15,000 15,000 15,000 15,000 75,000
<br />Trail Flood Damage Repair 9,950 9,950 - - - -
<br />Trails Reconstruction Projects - Flood 600,000 462,880 - -
<br />Lastoka Property Conservation 19,500 19,500 7,000 5,000 10,500 22,500
<br />Open Space Zoning - - - 14,000 14,000 28,000
<br />US36 Underpass at Davidson Mesa 162,500 162,500 162,500 162,500
<br />Wayfinding & Signs - 25,000 15,000 15,000 15.000 70,000
<br />Davidson Highline Lateral Ditch 32,340 - - New Equipment - Truck 72,000 72,000 - -
<br />Machinery & Equipment 120,000 120,000 125,000 75,000 75,000 75,000 75,000 425,000
<br />Hecla Lake Reservoir Improvements 34,490 34,490 20,000 - - 20,000
<br />Irrigation Controller Replacement - 15,000 50,000 50,000 50,000 50,000 215,000
<br />Boundary Treatments 15,000 13,000 26,000 6,000 60,000
<br />Open Space Management Plan Updates 40,000 - - 40,000
<br />Trail Counters 15,000 - - 15,000
<br />Park Signs 15,000 15,000 15,000 15,000 60,000
<br />Renovation of Demonstration Garden - 34,200 - - - 34,200
<br />Prescribed Bums (Moved Forward One Year) 7,000 8,000 8,000 23,000
<br />Parking Lot Improvements - - - 17,500 17,500
<br />Demonstration Gardens - (Moved Beyond Five Years - New Trail from Tennis Center - - - -
<br />Total Open Space & Parks Fund 4 091 570 4 107 790 1 982 000 300 200 288 000 259 000 216 000 3 045 200
<br />Annual tax revenue to the Open Space and Parks Fund is about $1.6 million, not including
<br />transfers from the General Fund or other sources. However, annual operations and
<br />maintenance costs for all of the City's Open Space and Parks related activities (excluding land
<br />acquisition and capital outlay) is just over $2.0 million annually. Consequently, it is necessary
<br />to either transfer funds from the General Fund to the Open Space and Parks Fund to cover
<br />these expenses and to maintain or increase Open Space and Parks Fund reserves, or it is
<br />necessary to reduce expenditures.
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