1 minute read
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 Construction Construction Contingency
Total Project Costs Prior Years thru FY 22 FY 23 FY 24 FY 25 FY 26 FY 27
Total FY 23-27 Grand Total
$1,260 $0 $0 $0 $0 $0 $0 $1,260 $109,065 $0 $0 $0 $0 $0 $0 $109,065 $2,598,732 $1,000,000 $0 $0 $0 $0 $1,000,000 $3,598,732 $0 $100,000 $0 $0 $0 $0 $100,000 $100,000
$2,709,057 $1,100,000 $0 $0 $0 $0 $1,100,000 $3,809,057
Funding Proceeds to Date Prior Years thru FY 22 FY 23 FY 24 FY 25 FY 26 FY 27
Total FY 23-27 Grand Total
Bond Funds $0 $425,000 $0 $0 $0 $0 $425,000 $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 $675,000 $0 $0 $0 $0 $675,000 $675,000
