1 / 20

Allocation of Remaining Open Space Bond Funds

Allocation of Remaining Open Space Bond Funds. October 14th, 2013. Overview. Wake County has taken the lead in ensuring that future generations have the benefits associated with clean water and land kept in its natural state .

ralph
Download Presentation

Allocation of Remaining Open Space Bond Funds

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Allocation of Remaining Open Space Bond Funds October 14th, 2013 www.wakegov.com

  2. Overview • Wake County has taken the lead in ensuring that future generations have the benefits associated with clean water and land kept in its natural state. • The Open Space program allows us to make significant strides in preserving land for future generations while still protecting individual property rights. www.wakegov.com

  3. Purpose • Discuss allocation options for remaining 2007 bond funds • Consider staff recommendations • Provide staff direction / action www.wakegov.com

  4. Background • Funding the County portion of the Neuse River Greenway has resulted in other municipalities requesting funds for their greenways • Key open space projects remain • None of the County managed open space property currently has public access www.wakegov.com

  5. Assumptions • Greenways and open space are not equal – open space is a higher priority • Availability/timing of future bond funding is unknown • There is a desire to provide public access to County managed open space www.wakegov.com

  6. Options for Remaining Funds • #1: Fund municipal greenway partnerships • #2: Provide public access to existing County managed open space • #3: Keep remaining funds for targeted projects / acquisitions • #4: Combination of above www.wakegov.com

  7. Public Access to Open Space • ~ $49M County funds spent on land acquisition of 3,860 acres of County managed open space property • ~ $2.2M in construction cost would allow public access to 913 acres (24%) of existing open space • Open 3 existing open space properties: • Robertson’s Mill Pond – Paddling (~$278K) • Proctor – Horseback riding trails (~$774K) • Turnipseed – Nature trails (~$1.1M) • ~ $60K in annual operating costs beginning in FY15 www.wakegov.com

  8. Detailed Summary- Robertson’s Mill Pond • Provide public access for canoeing / kayaking • Site prep – storm water $60,775 • Parking $58,000 • Trail/boat access $55,100 • Misc (survey, gates, etc) $22,750 • Bonds, contingency, design etc. $81,734 • Total $278,359 www.wakegov.com

  9. Detailed Summary- Proctor • Provide public access for horseback riding • Site prep – storm water $197,275 • Parking $267,000 • Trails $48,000 • Misc (survey, gates, etc) $44,750 • Bonds, contingency, design etc. $216,884 • Total $773,909 www.wakegov.com

  10. Detailed Summary- Turnipseed • Provide public access for nature trails • Site prep – storm water $102,500 • Parking $52,625 • Trails, boardwalks, bridges $788,800 • Misc(tables, gates, etc) $30,000 • Bond, contingency, design etc $126,610 • Total $1,100,535 www.wakegov.com

  11. Greenway Partnerships • 2007 Bonds ($50M) – 20% To-date on greenways • Staff recommends 75% of bond funds be used solely for open space acquisition • Remaining 25% ($2.6M) for greenways/OS access • No County funding for portions within municipal jurisdiction • County would consider funding up to100% of municipal greenway projects in unincorporated / ETJ • or • 100% in unincorporated and 50% in ETJ www.wakegov.com

  12. Detailed Summary – Greenway Partnership

  13. Future Targeted Projects / Acquisitions • 16 properties / 539 acres Tax Value $9,592,708 • Send letters to target property owners to assess interest in voluntary participation • Revive Land Between the Lakes project ($9M based on 2006 plan) www.wakegov.com

  14. Future Project / Acquisition (Parham) www.wakegov.com

  15. Future Project/Acquisition (Land Between Lakes) www.wakegov.com

  16. Available Options • Option 1 – Open 3 OS properties, fund only unincorporated greenway segments • Option 2 - Open 3 OS properties, fund unincorporated greenway segments & up to 50% of ETJ segments • Option 3 - Open 3 OS properties, fund unincorporated greenway segments & up to 100% of ETJ segments www.wakegov.com

  17. Available Options (cont.) • Option 4 – Open 2 OS properties, fund only unincorporated greenway segments • Option 5 - Open 2 OS properties, fund unincorporated greenway segments & up to 50% of ETJ segments • Option 6 - Open 2 OS properties, fund unincorporated greenway segments & up to 100% of ETJ segments www.wakegov.com

  18. Summary of Available Options www.wakegov.com

  19. Next Steps • OPEN SPACE ACCESS: • Staff finalizes cost estimates for 3 properties and returns to BOC for final approval • Operating costs to be included in FY15 budget • GREENWAY PARTNERSHIPS • Develop Interlocal Agreements with municipalities • Bring Interlocal Agreements to BOC for approval • FUTURE TARGETED PROJECTS/ACQUISITION: • Evaluate key open space projects for FY15. • Staff/OSAPAC evaluate/recommend projects to BOC for approval www.wakegov.com

  20. Questions? Comments? Feedback? www.wakegov.com

More Related