Parks, Recreation, Greenways, and Open Space ... - Town of Apex

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kind contributions. Projects must be consistent withthe Statewide Comprehensive Outdoor RecreationPlan (SCORP).More information: http://www.ncparks.gov/About/trails_grants.phpAdopt-A-Trail ProgramThe Adopt-A-Trail (AAT) Program is a source of smallfunds for trail construction, maintenance, and landacquisition. The program funds $108,000 annually inNorth Carolina, and awards grants up to $5,000 perproject with no local match required. Applications aredue in February. More information is available fromRegional Trails Specialists and the Grants Manager.More information: http://www.ncparks.gov/About/grants/docs/AAT_info.pdfLOCAL GOVERNMENT FUNDINGSOURCESMunicipalities often plan for the funding of pedestrianfacilities or improvements through development ofCapital Improvement Programs (CIP). In Raleigh, forexample, the greenways system has been developedover many years through a dedicated source of annualfunding that has ranged from $100,000 to $500,000,administered through the Recreation and ParksDepartment. CIPs should include all types of capitalimprovements (water, sewer, buildings, streets, etc.)versus programs for single purposes. This allowsmunicipal decision-makers to balance all capitalneeds. Typical capital funding mechanisms includethe following: capital reserve fund, capital protectionordinances, municipal service district, tax incrementfinancing, taxes, fees, and bonds. Each category isTennis is a top activity enjoyed by residents. As the population grows, the demand for courts will likely increase.6-15 | Section 6
Parks & Recreation Plan Update | 2013described below. A variety of possible fundingoptions available to North Carolina jurisdictions forimplementing pedestrian projects are describedbelow. However, many will require specific local actionas a means of establishing a program, if not already inplace.Capital Reserve FundMunicipalities have statutory authority to createcapital reserve funds for any capital purpose,including pedestrian facilities. The reserve fund mustbe created through ordinance or resolution that statesthe purpose of the fund, the duration of the fund, theapproximate amount of the fund, and the source ofrevenue for the fund. Sources of revenue can includegeneral fund allocations, fund balance allocations,grants and donations for the specified use.Capital Project OrdinancesMunicipalities can pass Capital Project Ordinancesthat are project specific. The ordinance identifies andmakes appropriations for the project.Local Improvement Districts (LIDs)Local Improvement Districts (LIDs) are most oftenused by cities to construct localized projects suchas streets, sidewalks or bikeways. Through the LIDprocess, the costs of local improvements are generallyspread out among a group of property owners withina specified area. The cost can be allocated based onproperty frontage or other methods such as traffic tripgeneration.Municipal Service DistrictMunicipalities have statutory authority to establishmunicipal service districts, to levy a property tax inthe district additional to the citywide property tax;proceeds provide services in the district. Downtownrevitalization projects are one of the eligible usesof service districts, and can include projects such asstreet, sidewalk, or bikeway improvements within thetaxing district.Tax Increment FinancingProject Development Financing bonds, also known asTax Increment Financing (TIF), is a relatively new toolin North Carolina. It allows localities to use future gainsin taxes to finance the current improvements thatwill create those gains. When a public project (e.g.,sidewalk improvements) is constructed, surroundingproperty values generally increase and encouragesurrounding development or redevelopment. Theincreased tax revenues are then dedicated to financethe debt created by the original public improvementproject. Streets, streetscapes, and sidewalkimprovements are specifically authorized for TIFfunding in North Carolina. Tax Increment Financingtypically occurs within designated developmentfinancing districts that meet certain economic criteriathat are approved by a local governing body. TIF fundsare generally spent inside the boundaries of the TIFdistrict, but they can also be spent outside the districtif necessary to encourage development within it.Installment Purchase FinancingAs an alternative to debt financing of capitalimprovements, communities can execute installmentor lease purchase contracts for improvements. Thistype of financing is typically used for relatively smallprojects that the seller or a financial institutionis willing to finance or when up-front funds areunavailable. In a lease purchase contract, thecommunity leases the property or improvement fromthe seller or financial institution. The lease is paidin installments that include principal, interest, andassociated costs. Upon completion of the lease period,the community owns the property or improvement.While lease purchase contracts are similar to a bond,this arrangement allows the community to acquirethe property or improvement without issuing debt.These instruments, however, are more costly thanissuing debt.6-16 | Action Steps
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AcknowledgementsTown of Apex StaffA
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Parks & Recreation Plan Update | 20
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The plan recommends clustering acti
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PROGRAMSRecreational preferences sh
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PLANNING FOR OUR FUTURELAND ACQUISI
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Existing Facilities:Parks and Green
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attending public functions and cond
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HUNTER ST2025 Land Use PlanTown of
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Page 108 and 109: PARK ZONES AND CLASSIFICATIONZONESI
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