FY 25 Adopted Budget | Página 205

Transportation Capital Projects

Pearl Street Improvements
Project Location
Pearl , Parker , and Main Streets .
Type of Project
Streets & Sidewalks
Current Project Stage
Design
Project Lead
Engineering
Project Description This project includes adding parking , street and sidewalk improvements in Downtown Garner . The improvements consist of street and sidewalk improvements along the west side of Pearl Street from the Garner Baseball Complex frontage to Main St and improvements along Parker Street from the eastern boundary of new townhomes to N Montague Street . Along with development , these connections help complete the road and pedestrian network in the area . Pearl Street Townhomes , a private development , will improve the east side of Pearl Street and remaining section of Parker Street . Along with these street improvements , additional angled parking will be added along Main St from N Montague Street to Purvis St .
Purpose of Project This project fulfills the Town ' s obligation to bring its half of the street along Town-owned properties up to current standards . Sidewalk improvements will connect new residential development and the Garner History Museum at the Depot to the historic downtown district , while new parking spaces will provide additional capacity for downtown visitors and residents .
Project Funding Overview Total Project Cost Prior Year Expenditures Future Year Costs $ 1,502,099 $ 280,000 $ 1,222,099
EXPENDITURES
PRIOR YEAR FUNDING
FY 2025
FY 2026
FY 2027
FY 2028
FY 2029
GRAND TOTAL
Construction
$ 280,000
$ 1,222,099
-
-
-
-
$ 1,502,099
Total
$ 280,000
$ 1,222,099
-
-
-
-
$ 1,502,099
REVENUES
PRIOR YEAR FUNDING
FY 2025
FY 2026
FY 2027
FY 2028
FY 2029
GRAND TOTAL
2021 Bonds
$ 280,000
$ 1,222,099
-
-
-
-
$ 1,502,099
Total
$ 280,000
$ 1,222,099
-
-
-
-
$ 1,502,099
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