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~ ' · II. Intermediat~ Time'Frame Period Covered: FY 1985-86 - 1989-1990 Note: All Cost Estimate~ are in 1980 constant dollars and estimates should be periodically updated to existing inflation rates. Proposed Development Capital Outlay Projected Increase FY By Priority Phase Cost Operating Cost 1985-86 Stonewall Jackson Park II $ 26~,800 $ 25,000 Continue Upgrading School~ Sites NA 42,400 Same Acquire Land for Mt. Pleasant WaterShed Project NA No Estimate Same 1986-87 Harrisburg Community Park NA $*' 85,000 $ 15,000 Mount Pleasant Watershed NA 325,640 Same Continue Upgrading School Sites NA 42,400 Same 1987-88 Mount Pleasant Watershed NA 325,640 $ 25,000 Continue Upgrading School Sites NA 42,400 Same 1988-89 Kannapolis Area Park II $ 300,000 $ 15,000 Continue Upgrading School Sites NA 42,400 Same ~989-90 Kannapolis Area Park II $ 300,000 $ 15,000 Continue Up9rading School Sites NA 42,400 Same Total Projected Cost $1,816,080 $ 95,000 * It is anticipated that Itarrisburg would finance 50% of the local share. The total projected cost of the Community Park is $170,000. ~otes: 1. Per capita expenditure for capital outlay for the 5 year plan based on a projected 1988 population of 86,000 is ~4.22 per person. 2. Approximately 50% of all capital outlay cost will be matchable via Federal Funds and community contributions. Actual local expenditure would be approximately $908,040.. 3. Per capita expenditure fo~ increase in projected operation cost will total 22~ per person annually. Based on the current tax b~se, the cost of operation wou d~ed to be increased by approximately 1/4¢ on the tax rate annually or an approximate average expenditure of $19,000 annually. 4. The projected cost for capital outlay based on the current tax base would average approximately 1.8¢ annually on the tax rate or an average annual expenditure of $181,608.00. 5. The above estimated costs assumes that federal assistance(50% matching) and §o~unity Assistance(50% matching) would be available annually. 6. If federal and community assistance is not available in the future and the County had to expend'the total cost for capital outlay, the approximate annual average ex- penditure based on the current tax base would equal approximately 3.6¢ on the tax rate or an average annual expenditure of $363,216.00 annually.