FY2025 Proposed Capital Improvement Program

Capital Project Summary

Capital Project Number: PR0001 Capital Project Title: Acquisition Asset Type: Parks & Recreation Asset Category: Parks & Recreation

Year Identified: 2010 Est Completion Date: Region: Countywide Activity #: C7500.7500.01

Capital Project Status: Active

Capital Project Description: The unallocated acquisition category was established to permit acquisition of park sites based upon opportunities as they arise. Once an option to purchase is executed, a separate project can be created and the appropriate funds transferred. The following priority areas of projects are scheduled: Emmitsburg/Thurmont Area RP/DP, New Market/Spring Ridge Area CP, and Green Valley/Monrovia Area CP.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Land

7,515,606 6,015,606 7,515,606 6,015,606

500,000 500,000 500,000 500,000 500,000 500,000

Total Cost:

Funding Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

State Grants - Capital

2,818,219 2,675,218 572,058 572,058 4,125,329 2,768,330 7,515,606 6,015,606

47,667

47,667

47,667

Trans from Parks Acquisition

Recordation Tax Bonds

452,333 452,333 452,333 500,000 500,000 500,000

Total Cost:

76