Falling Branch Corporate Park Phase II

Total Project Cost: $8.0M

Project Status: Continuing

PROJECT DESCRIPTION

Falling Branch Corporate Park (FBCP) Phase II includes 100 acres of developable property. FBCP Phase II Parcel 1, 41 acres, was purchased and a 251,000 square foot Federal Express distribution center was constructed. The center is valued at over $20M in new assessed value. FBCP Phase II Site 2 consists of a 35-acre site that can be graded into a 20-acre pad and a stormwater pond providing space for a 300,000 square foot building. This project will include development of Site 2 including grading; road construction; and providing electric, water and sewer utilities to the site.

FUNDING SOURCES

• Cash-to-Capital – $8.0M

• Annual maintenance costs will be supported by the general fund.

PROJECT MILESTONES

• Engineering and project bid in FY 23

• Begin construction on road, water and sewer extensions, stormwater and pads in FY 24

• Construction completion in FY 25