FY 2007-11 Springfield CIP - Laserfiche WebLink

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i City Engineer Development improvement Gray Jaqua Agreement Capital Project Manager Project Category ~ Project Title ImprOVement Projects $1,150,000 Street, sewer, Drainage Capital Projects N/A Sheet Total Cost Budget Subprogram Project Number PRIOR Costs APPROPRIATIONS 2006 - 2007 2007 - 2008 2008 - 2009 2009 - 201.0 2010 - 2011 5 Year Total Land and Right-of-Way $ - $ - $ - $ - $ - $ - Design and Engineering $ - $ - $ - $ - $ - $ Construction $ .125,000 $ 175,000 $ 175,000 $ 675,000 $ - $ 1,150,000 Other $ - $ - $ $ - $ - $ TOTAL $ - $ 125,000 $ 175,000 $ 175,000 $ 675,000 $ - $ 1,150,000 Funding Source(s) CR-SDC Transprotation Reimb $ - $ 50,000 $ 50,000 $ 50,000 $ - $ 150,000 CR-Drainage User $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ - $ 500,000 CR-Wastewater User $ - $ - $ - $ 500,000 $ - $ 500,000 TOTAL $ - $ 125,000 $ 175,000 $ 175,000 $ 675,000 $ - $ 1,150,000 . Project Description: ~ ~sr ~ z k..... City cost participation in public improvements constructed pursuant to the Pre-Development Agreement for " ~ . ~ • : ~ - ~ • the Gray-Jaqua Property located at S. 75th and Main Streets. ' Justification: - ; a The City Council will be considering an agreement with Heritage Park, LLC in 2005 for development of 215 ~ acres. The agreement would establish the City's participation at a total of $1,150,000 for off-site and/or ~ ~ ' ~ M,,,•.. contiguous sewer and drainage improvements, and 1/6th of the cost of transportation improvements in Main ~ , Street. - ,.Sr< ` ~IDE~BERf~Y..;~~~. r ~ ~ ' ~ ~ , Relation to Plans: ~i~;" ~ ° " Via.. Pending agreement with Developer. Per the Agreement, the City's share o the fundin would be full 9 Y c~ac~~o..~ programmed by FY2009/2010. sMOLt,Y. S.T.... Maintenance Impacts: " - • • Sewer and drainage improvements would be maintained by the City. Since Main Street is an ODOT facility, the impact of the street improvements on City maintenance costs should be minimal Page 1-8