HomeMy WebLinkAbout120506 Fund Bal SpreadsheetTotal Fund Balance Used:$ -
Policy Reserve of:12.82%
EstimatedFund
ProjectsCostBalance Use
Shore Drive Corridor Improvements
$ 2,500,000
and private utility relocation. This does not include construction.
Bayside Community Center
$ 800,000
Constitution Drive Extended
$ 320,000
developer (only city portion reflected)
Fire & Rescue Station Chesapeake Beach
$ 2,300,000
Town Center Pedestrian Bridge
$ 200,000
$200,000 already provided.
Norfolk and Southern Right-of-way AcquisitionState BRT
funds
funding from the State.
Congestion Relief/Safety Improvement Program
$ 2,100,000
road/intersection improvements: (Funding provided is for first two projects on the list)
1. $1. 05 million for left turn lane from southbound South Independence Blvd onto
eastbound Lynnhaven Pkwy;
2. $1.05 million for right turn lane from eastbound Buckner Blvd to southbound South
Rosemont Rd;
3. $1.95 million for right turn lane from southbound Holland Rd onto westbound Dam
Neck Rd;
4. $1.95 million for left turn lane from westbound Providence Rd onto southbound
Edwin Dr
Public Works is reviewing the impact of
Ernesto on the storm water infrastructure, however, the following projects would
provide initial funding:
1. $200,000 for Engineering/Drainage Studies on Neighborhood Flooding
2. $600,000 to extend the length of the Stumpy Lake Outfall in conjunction with Public
$ 800,000
Utilities project to replace the outfall. This will help with neighborhood drainage.
3. $2.0 million as a set aside to address neighborhood flooding based on the results
of Public Works Ernesto review.
(Funding provided is for first two projects on the list)
Continue with
Continue current policy of acquiring
site acquisition
properties in the right-of-way that are threatened by development until state funding
strategy
and EIS issues are resolved.
Pavement Maintenance Program
$ 1,000,000
efforts in light of rising prices.
City Bikeways & Trails Plan
Bikeway and Trails commission and direct staff to provide an annual appropriation in
the CIP as pay-as-you-go funding allows. This was a high priority with citizens during
$ 575,000
our budget hearings last spring. (Costs is higher than original list due to a
This will provide the second installment of
$ 1,260,000
replacing the playground equipment removed due to federal regulations last year.
Replenishment of the Various Site Acquisition Project
for strategic land purchases authorized by City Council. Funding includes potential
$ 10,000,000
acquisitions recently discussed in closed session.
Unfunded Retiree Health Care Liabilities
Enterprise Funds to cover their proportionate share ($210,000 and $35,000
$ 3,260,000
respectively). This is the first installment.
st
31 Street Parking Garage Settlement
Key PHR regarding construction of the parking garage. The agreed to amount is
$ 108,000
$108,205. This will avoid a much costlier litigation. Staff can provide a briefing if
needed.
st
31 Street Park Restrooms
$ 90,000
stage with sound wall and restroom facilities. PHR will provide $500,000 to the project
with the City providing the remaining $90,000.
st
61 Street Pump Station
station. This pump station is needed to address flooding at the north end of Atlantic
$ 4,500,000
Avenue during heavy rains.. (Construction funding is not needed immediately, the
project is in the design phase, however, there is not funding identified in the six year
capital program for construction.)
Avalon Avenue
$ 1,500,000
Rural Roads
$ 300,000
Anne Road.
Fire & Rescue Station Blackwater
$ 600,000
1
Aquarium Pedestrian Bridge
$ -
over General Booth Boulevard
2
$ 1,300,000
Regional SRO Housing Project (V.B.Shore)
Kempsville Greens Golf Course Pond Stabilization
$ 500,000
for ponds #1 and #11 (total of 11 ponds)
Arts and Humanities Commission
$ 100,000
Total
$ 34,113,000$ -
[1] Council direction: to consider as part of FY 07-08 CIP Budget.
[2] New item: Council to be briefed in closed session on potential real estate acquisition.