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: Parks Land Purchase Development

Project No. PR1001

Project Location

Financial Comments Funding for this project is collected from developer impact and Quimby fees. Fee collection for this project, which is several years in the future, is estimated and subject to change based on the amount and timing of new development constructed. No funding is allocated to this project until Fiscal Year 2027-28. Funds allocated are intended for the acquisition, design and initial phases of development of the park space. Operating Cost Impacts The opening of new parks will require ongoing operating costs. Before construction of the park space, adequate funding resources for operations must be identified.

Citywide

Expenditure Schedule Annual Expenditures

2024-25

2025-26

2026-27

2027-28

2028-29

2029-30

Fund-301 Fund-375

- - -

- - -

- - -

-

-

1,500,000 2,000,000 $ 3,500,000

3,500,000 $ 3,500,000

250,000 $ 250,000

Project Cost

Estimated Project Schedule

Timeline for Completion

On-going

Planning

FY 2027-28 & 2028-29

Project Design

Right of Way/ Acquisition/Permitting

FY2027-28

FY 2029-30

Construction

Not Applicable

Project Close-out