FY 25 Adopted Budget | Page 221

Parks Capital Projects

Yeargan Park Phase 1
Project Location
607 E Garner Road , Garner , NC 27529
Type of Project
Park Development
Current Project Stage
Design & Construction
Project Lead
Engineering
Project Description Design and construction ( including Construction Manager At-Risk services ) for Yeargan Park Phase 1 , which will feature two natural multipurpose fields , two artificial turf multipurpose fields , shelter , restrooms , and play space .
Purpose of Project Complete design and construction of Phase 1 of new regional park supported by the 2021 Parks and Recreational Bond . Yeargan Park will provide multi-use athletic fields and other amenities to meet community demand and to attract sports tournaments to Garner .
Project Funding Overview Total Project Cost Prior Year Expenditures Futures Year Costs $ 26,366,072 $ 6,094,410 $ 20,271,662
PRIOR YEAR
FUNDING
FY 2025
FY 2026
FY 2027
FY 2028
FY 2029
GRAND TOTAL
EXPENDITURES
Construction
$ 2,594,670
$ 20,271,662
-
-
-
-
$ 22,866,332
Prof Services
$ 1,099,740
-
-
-
-
-
$ 1,099,740
Utility Reloc
$ 2,400,000
-
-
-
-
-
$ 2,400,000
Total
$ 6,094,410 $ 20,271,662
-
-
-
-
$ 26,366,072
PRIOR YEAR
FUNDING
FY 2025
FY 2026
FY 2027
FY 2028
FY 2029
GRAND TOTAL
REVENUES
2021 Bonds
$ 3,294,410 $ 20,271,662
-
-
-
-
$ 23,566,072
PARTF Grant
$ 400,000
-
-
-
-
-
$ 400,000
Wake County Grant
$ 2,400,000
-
-
-
-
-
$ 2,400,000
Total
$ 6,094,410 $ 20,271,662
-
-
-
-
$ 26,366,072
OPERATING IMPACTS
PRIOR YEAR FUNDING
FY2025
FY2026
FY2027
FY2028
FY2029
GRAND TOTAL
PRCR
-
-
$ 706,000
-
-
-
$ 706,000
Public Works
-
-
$ 862,300
$ 238,700
$ 378,900
-
$ 1,479,900
Total
-
- $ 1,568,300
$ 238,700
$ 378,900
-
$ 2,185,900
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