IN RUTHERFORDTON

EXHIBIT 05: CELEBRATING SUCCESS IN RUTHERFORDTON

The redevelopment of Kiwanis Park represents a nearly $1 million new investment in downtown Rutherfordton. This phase 1 Rutherford Bound project features a dog park, large open green, picnic shelter, restrooms, and an experiential playground that are all strategically located on the Purple Martin Greenway.

STRATEGIC ACTION PRIORITIES

The Town of Rutherfordton is working to implement two Rutherford Bound initiatives by 2025.

RT1 Phase 1 Norris Park

The Phase 1 Norris Park project will feature disc golf, walking trails, bathrooms, and a pavilion. The town is currently applying for a $450,000 NC Parks and Recreation Trust Fund grant to augment town and RCTDA funding. The total phase 1 Norris Park project is expected to cost approximately $1.6 million.

RT2 Phase 1 Streetscape (2nd & Main Street)

In 2021, a steering committee composed of town leaders explored conceptual designs for the town’s phase 1 streetscape project, which extends along Main Street from 2nd Street north to 3rd Street. Proposed improvements include the removal of the 2nd Street stop light (to be replaced with a 4-way stop), street trees, sidewalks, brick pavers, lighting, and street furnishings.

RUTHERFORDTON STRATEGIC ACTION QUICK FACTS

RT1. PHASE 1 NORRIS PARK

Budget Estimate: $1,600,000 Current Status: Grant/Funding Procurement

Secured Funding (including projections through 2025):

Rutherford County Tourism Development Authority: $150,000 Town of Rutherfordton: $150,000 Parks and Recreation Trust Fund: $450,000 (Pending)

Key Grant/ Financial Opportunities:

NC Parks and Recreation Trust Fund RHI Legacy Foundation

Strategic Action Steps and Target Completion Dates:

1. Funding Procurement: 2023 2. Engineering & Permitting: 2023 3. Bidding: Fall 2023 4. Construction: 2024

RT2. EAST MAIN STREETSCAPE (2ND & MAIN STREET)

Budget Estimate: $1,600,000 CurrentStatus: Grant/Funding Procurement

Secured Funding (including projections through 2025):

Rutherford County Tourism Development Authority: $150,000 Town of Rutherfordton: $150,000

Key Grant/ Financial Opportunities:

Appalachian Regional Commission NC Commerce Rural Transformation Grant

Strategic Action Steps and Target Completion Dates:

1. Funding Procurement: 2023 2. Engineering & Permitting: 2023 3. Bidding: 2023-24 4. Construction: 2024-25