PROPOSED FY 2023 - 2027 Capital Improvement Program
Creed Fields Park Total Project Cost: $3.8M Project Status:
Continuing
PROJECT DESCRIPTION The Creed Fields Park is approximately 15 acres located at 4390 Riffe Street Elliston, VA. This park will have many features including: • • • • • • • •
Three Baseball/ Softball Fields One Multi-Purpose Fields Lighting for Fields Restroom Facility – water, sewer, and power Parking lot – 200 spaces with lighting Picnic Shelter Playground Extensive Walking Trails
FUNDING SOURCES • • •
Lease Revenue Bonds – $.4M Cash-to-Capital - $3.4M Annual maintenance costs will be supported by the general fund.
Project - Creed Fields Park Planning Design
Prior Years thru FY 22
FY 23
$1,260
FY 24
FY 25
FY 26
FY 27
$0
$0
$0
$0
$0
Total FY 23-27 $0
Grand Total $1,260
$109,065
$0
$0
$0
$0
$0
$0
$109,065
Construction
$2,598,732
$1,000,000
$0
$0
$0
$0
$1,000,000
$3,598,732
Construction Contingency
$0 $2,709,057
$100,000 $1,100,000
$0 $0
$0 $0
$0 $0
$0 $0
$100,000 $1,100,000
$3,809,057
Prior Years thru FY 22
FY 23
Total Project Costs
Funding Proceeds to Date Bond Funds
$0
FY 24
FY 25
FY 26
FY 27
$425,000
$0
$0
$0
$0
Total FY 23-27
$100,000
$425,000
Grand Total $425,000
County Cash to Capital - Transfer from GF
$2,709,057
$0
$0
$0
$0
$0
$0
$2,709,057
Additional County Cash to Capital
$0 $2,709,057
$675,000 $1,100,000
$0 $0
$0 $0
$0 $0
$0 $0
$675,000 $1,100,000
$3,809,057
Total Funding Sources
14
$675,000
