FY2023-FY2028 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: GG3005

Activity #: C4002.4002.01

Capital Project Title: Middletown Library Asset Type: Library Asset Category: General Government Capital Project Status: In Progress

Region: Middletown

Year Identified: 2017 Est Completion Date: 3/1/2023

Capital Project Description: This project replaces the Middletown Branch Library on Prospect Street with a new 15,250 s.f. library on a developer donated site on Green Street, west of the school complex. The Town will transfer the property to the County upon the County's request.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

NonCapital Furniture / Equipment

494,598 494,598

Site Improvement - NonBldg

122,599 122,599 662,418 662,418 7,893,783 7,893,783

Architect/Engineering

Construction

Construction - IIT Infrastruct

77,492 184,915 30,650 961,730 54,922

77,492 184,915

Inspectors - County Project Management

30,650

Capital - Furniture / Equipmen

961,730 54,922

Capital - IIT Hardware

Total Cost:

10,483,107 9,204,048 1,279,059

Funding Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

State Grants - Capital Trans from General Fund Trans from Impact Fee General Obligation Bonds

3,609,000 2,609,000 1,000,000

0

3,814,107 3,535,048 279,059

60,000

60,000

Impact Fee Bonds

2,850,357 2,850,357 149,643 149,643

Bond Premium / Discount

Total Cost:

10,483,107 9,204,048 1,279,059

81