HomeMy WebLinkAboutParks CIP FY 2014/2015
C ITY OF G EORGETOWN , TEXAS
C APITAL I MPROVEMENT P LAN
P ARK P ROJECTS
F ISCAL Y EAR 2014-15
Parks and Recreation Board
May 08, 2014
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Table of Contents
General Operations
Parks Services
Introduction ........................................................................................ 01
Projects ............................................................................................. 03
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Parks
Introduction
In November 2008, voters authorized $35.5 million in general obligation bonds for Parks
and Recreation Projects. The projects and related timings are being evaluated in future
years. The City has issued $7.5 million of this debt for Parks and Recreation projects.
Some of the major bond funded projects include purchase of land for a future west side
park, hike and bike trail expansion, planning and design for Garey Park, as well as
master planning and design for improvements to San Gabriel Park. These projects are
based on the Parks Master Plan and direction from the Parks Advisory Board and City
Council. In addition, there are several park renovation projects planned including
Williams Drive Pool, Emerald Springs Park, and VFW Park.
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2014/15 2015/16 2016/17 2017/18 2018/19 Total
(Thousands of dollars)
Projected Annual Project Cost $2,882$5,796$3,273$1,463$8,754$22,168
Bond Issuance Cost $19$40$21$7$60$147
Sources of Funding
Certificates of Obligation $1,273$1,688$0$0$0$2,961
General Obligation Bonds $1,400$4,000$3,000$1,000$8,500$17,900
Transfer In/ Fund Bal.$228$148$294$470$314$1,454
City of Georgetown, Texas
Parks Capital Improvement Program
2014/15 to 2018/19
TheParksandRecreationsfiveyearCapitalImprovementProgramfundingcomesfromacombinationofcash
contributions,debtfundingandinterestincome.Actualamountofdebtissueswillbedetermineduponprojecttiming
and available and previously unallocated funds (previous year-end excess funds).
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Prior
Project Year 14/15 15/16 16/17 17/18 18/19
(Thousands of dollars)
Park Improvements
Park Improvements 623 1,482 1,235 27 293 245
Facilities / Equipment - - 561 246 170 9
Park Capital
River Trails expansion - 100 1,000 - 1,000 -
VFW Park - 1,300 - - - -
San Gabriel Park Imp 1,000 - 2,000 - - -
Westside Park 50 - 500 3,000 - -
Open Space/ Preservation - - 500 - - -
Garey Park 1,500 - - - - 8,500
Totals 3,173 2,882 5,796 3,273 1,463 8,754
Projected
City of Georgetown, Texas
Parks Capital Improvement Projects
2014/15 to 2018/19
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Responsible Division: Parks and Recreation
Financial Plan (thousands of dollars) :
Prior Budget
Years 14/15 15/16 16/17 17/18 18/19 Total
623 1,482 1,235 27 293 245 3,905
Description :
Funding Sources :
Funded with cash,
parkland dedication funds
and CO bonds.
14/15 15/16 16/17 17/18 18/19
Founder's Park 70 - - - -
Village Park 75 - - - 185
Blue Hole 82 766 - - -
Emerald Springs Park 105 - - - -
Splash Pads 300 - - - -
Williams Pool 850 - -
Randy Morrow Trail - 25 - -
McMaster Park - 193 - - -
New Park Development - 200 - 200 -
Other Parks - 51 27 93 60
Operating Budget Impact (000):
14/15 15/16 16/17 17/18 18/19
Notes:
Subprojects :
Basis for Estimate
City of Georgetown, Texas
Capital Improvement Program
Park Improvements
Projected
Photo / Map Placeholder
The Parks and Recreation Department as well as the P & R Board have been developing a comprehensive list of all
parks identifying needed maintenance and repairs as well as opportunities for new park development. Priorities identified
include renovation of Williams Drive Pool, Emerald Springs Park, Village Park and Founders Park. Funding is also
identified to begin the planning phase for future improvments to Blue Hole Park.
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Responsible Division: Parks and Recreation
Financial Plan (thousands of dollars) :
Prior Budget
Years 14/15 15/16 16/17 17/18 18/19 Total
1,500 1,400 4,000 3,000 1,000 8,500 19,400
Description :
Funding Sources :
Funded with voter authorized GO bonds.
14/15 15/16 16/17 17/18 18/19
River Trails expansion 100 1,000 - 1,000 -
VFW Park 1,300 - - - -
San Gabriel Park Imp - 2,000 - - -
Westside Park - 500 3,000 - -
Open Space/ Preservation - 500 - -
Garey Park - - - - 8,500
Operating Budget Impact (000):
14/15 15/16 16/17 17/18 18/19
River Trails exp- Staffing - 75 75 75 75
Westside Park - operations - - 830 830 830
Notes:
Basis for Estimate
Photo / Map Placeholder
City of Georgetown, Texas
Capital Improvement Program
2008 Park Bond Improvements
Subprojects :
Projected
In 2008, the citizens of Georgetown passed bonds specifically related to Parks Projects identified in the Georgetown
Parks, Recreation and Trails Master Plan. This phase of improvement consists of VFW Park and the additions of a
splash pad. In addition, the Parks and Recreation Department will begin planning and design for San Gabriel Park
improvements and trail improvements.
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