Adopted Capital Improvement Program Budget FY 2024-25 through FY 2029-30

City of Morgan Hill Capital Improvement Program FY 2024-25 – FY 2029-30

Project Name: Park Facility Expansion and Renovation

Project No. PR1004

P roject Location Mul�ple Loca�ons, including Community Park & Magical Bridge Playground

Financial Comments Funding for the park renovation project comes from the imposition of the Quimby Fee on new development. Additionally, approximately $300,000 in grant funding is anticipated in FY 2024-25 to support shade structure installation at the Magical Bridge Playground. Operating Cost Impacts Park renovations provide the opportunity to reduce operating costs by upgrading, renovating, and improving park infrastructure. Projects with a higher reduction in operating costs will be prioritized.

Expenditure Schedule Annual Expenditures

2024-25

2025-26

2026-27

2027-28

2028-29

2029-30

Fund-375

400,000

750,000

250,000

250,000

250,000

250,000

$ 400,000

$ 750,000

$ 250,000

$ 250,000

$ 250,000

$ 250,000

Project Cost

Estimated Project Schedule

Timeline for Completion

In Progress In Progress

Planning

Project Design

Right of Way/ Acquisition/Permitting

Not applicable

Construction

FY 2024-25 and FY 2025-26 for Shade Structures and the Community Park Pond

Project Close-out

To be determined. FY 2025-26 for current projects.