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 : Butterfield Park

Project No. PR1009

Project Location

Financial Comments Funding for this project is collected from developer impact fees and developer paid Quimby Park Fees. Per the agreement, the BMX operator shall pay back the funds for 25% of costs associated with shared improvements (parking, restrooms, etc.) over the next 20 years. Operating Cost Impacts The construction of the first phase of the park is estimated to cost the City $30,000 annually for park maintenance. Development of the BMX facility shall result in the non-profit operating the BMX facility paying for shared costs associated with City park amenities.

Monterey Road and Buterfield Blvd

Expenditure Schedule Annual Expenditures

2024-25

2025-26

2026-27

2027-28

2028-29

2029-30

Fund-301 Fund-375

1,50 0,000

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-

-

-

-

2,450,000 Project Cost $ 3,950,000

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-

-

-

-

Estimated Project Schedule

Timeline for Completion

Complete Complete

Planning

Project Design

Right of Way/ Acquisition/Permitting

Complete

Construction

FY 2024-25

Project Close-out

FY 2025-26