TO: Mayor and Members of City Council
THRU: Telly C. Whitfield, Ph.D., Assistant City Manager
FROM: Michael Gibson, Parks, Recreation and Maintenance Director
Tracey Broyles, Budget and Evaluation Director
Jay C. Toland, Chief Financial Officer
DATE: February 25, 2019
RE:
Title
Adoption of Capital Project Ordinances 2019-24 and 2019-25, and Capital Project Ordinance Amendments 2019-27, 2019-29 and 2019-30 for Parks & Recreation Bond Projects
end
COUNCIL DISTRICT(S):
Council District(s)
1, 2 and 5
b
Relationship To Strategic Plan:
Goal 4 - The City of Fayetteville will be a highly desirable place to live, work and recreate with thriving neighborhoods and a high quality of life for its citizens.
Target for Action - Ensure Parks and Recreation Capital Bond Projects are on time and on budget.
Executive Summary:
Council is asked to adopt four project appropriation actions to align project appropriations with the bond project funding plan approved by Council on November 26, 2018.
• Capital Project Ordinance (CPO) 2019-24 will appropriate bond proceeds of $600,000 for initial design and site assessments for the Sports Field Complex at McArthur Road.
• Capital Project Ordinance (CPO) 2019-25 will appropriate bond proceeds of $250,000 for initial design and site assessments for the Jordan Soccer Complex.
• Capital Project Ordinance Amendment (CPOA) 2019-27 will appropriate $195,500 from anticipated premium payments on the sale of the bond to fund bond issuance costs.
• Capital Project Ordinance Amendment (CPOA) 2019-29 will appropriate a $100,000 from Cumberland County for the improvements at Dorothy Gilmore Therapeutic Recreation Center.
• Capital Project Ordinance Amendment 2019-30 (CPOA) will modify the previous appropriation of $429,166 of bond proceeds for a splash pad at the downtown stadium to instead provide a play space and plaza fountain at $380,000.
Background:
In March 2016, Fayetteville voters passed a $35 million bond referendum for parks and recreation projects. The first bond issuance is scheduled to be completed in the current fiscal year to provide $14.0 million of project funding. Projects have been appropriated in advance of the bond issuance and construction activities have been underway for many projects. On November 26, 2018, City Council approved a revised schedule of project funding that is included as an attachment for reference. The appropriation actions recommended for adoption by Council at this time will align project appropriations with the approved project funding package.
CPOs 2019-24 and 2019-25 will appropriate $600,000 and $250,000 respectively to begin site assessments and design for the Sports Field Complex at McArthur Road and for the Jordan Soccer Complex to allow commencement of those projects.
CPOA 2019-27 will extend the scope of the program implementation project to include associated bond issuance costs and appropriate $195,500 from anticipated premiums on the sale of the bond for issuance costs, to include estimated fees for bond counsel, financial advisors, rating agencies and other miscellaneous expenditures.
CPOA 2019-29 will appropriate a $100,000 contribution from Cumberland County through its Recreation District for the expansion and renovation of the Dorothy Gilmore Therapeutic Recreation Center.
CPOA 2019-30 will modify the scope of the project originally appropriated for a planned splash pad at the downtown stadium to instead install a play space and plaza fountain. The cost of those improvements is expected to be $380,000, a reduction from the previous appropriation of $429,166. These improvements are expected to be completed in the current fiscal year.
Issues/Analysis:
None. The appropriation actions are consistent with the project funding plan approved by City Council on November 26, 2018.
Budget Impact:
The current tax rate includes 1.42 cents dedicated to support the debt service and project costs for the parks and recreation bond program.
Options:
1) Adopt Capital Project Ordinances 2019-24 and 2019-25, and Capital Project Ordinance Amendments 2019-27, 2019-29 and 2019-30 to provide funding for the planned parks and recreation bond projects.
2) Do not adopt the capital project ordinances and provide guidance to staff.
Recommended Action:
Staff recommends that Council move to adopt Capital Project Ordinances 2019-24 and 2019-25, and Capital Project Ordinance Amendments 2019-27, 2019-29 and 2019-30 as presented.
Attachments:
Parks and Recreation Bond Funding Package (Approved by Council on 11/26/18)
Capital Project Ordinance 2019-24
Capital Project Ordinance 2019-25
Capital Project Ordinance Amendment 2019-27
Capital Project Ordinance Amendment 2019-29
Capital Project Ordinance Amendment 2019-30