Capital Improvement Plan (CIP) - City of Delaware

CAPITAL IMPROVEMENT PLAN
PARK IMPACT FEE IMPROVEMENT FUND
2009-2013
2009 - 2013 2009 2010 2011 2012 2013
BALANCE FORWARD 965,984 156,968 103,912 70,856 37,800
REVENUES:
Impact Fees 85,000 85,000 85,000 85,000 85,000
TOTAL REVENUES 85,000 85,000 85,000 85,000 85,000
EXPENDITURES:
DEBT SERVICE
Bonds
Pool Imprvmnts ($450,000 10yrs., 2006 Issue) 55,927 55,927 55,927 55,927 55,322
2006 Mingo Expansion ($500,000 10yrs.) 62,129 62,129 62,129 62,129 61,462
Pool Imprvmts ($425,000 notes) 451,942 0 0 0 0
Skate Park (Net) ($300,000 notes.) 319,018 0 0 0 0
TOTAL DEBT SERVICE 889,016 118,056 118,056 118,056 116,784
BIKEWAYS
Henry St. Trail Enhancements 5,000 20,000
TOTAL EXPENDITURES 894,016 138,056 118,056 118,056 116,784
IMPACT FEE BALANCE 156,968 103,912 70,856 37,800 6,016
PURPOSE: The Parks Improvement Fund/ Impact Fee Plan identifies future projects intended
to increase the capacity of the City's community parkland and recreation systems. In 2001 the
City enacted a parks and recreation facilities development impact fee of $1,226 per new
residential development unit. All revenue collected from this fee must be used for system
improvements
FUNDING SOURCES: Parks and Recreation Development Impact Fees
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