Weaverville Tribune and Asheville Tribune November 2016
By Heather Berry
Woodfin – A map of the proposed Woodfin Greenway project gives a picture of what voters would get if the $4.5 million bond referendum is passed in the general election Nov. 8. More detailed plans won’t be available until voters give their blessing, according to Woodfin Town Administrator Jason Young.
The Woodfin Board of Alderman approved a general obligation bond for the construction of greenways, sidewalks and parks. The bond referendum would give Woodfin the authority to borrow up to $4.5 million for these improvements, which includes plans for a Woodfin Greenway. The greenway would travel north along the French Broad River, beginning at Woodfin’s Riverside Park, follow Beaverdam Creek before ending at Reynolds Village. If approved, up to $4.5 million in municipal funds would be added to contributions from private donations, grants and other revenue sources totaling an estimated $10 million in total. At the Nov. 8 board of alderman meeting, the board discussed the financial details of the proposal, including a 20-year payback plan for the $4.5 million.
In addition to the Woodfin Greenway, other proposed improvements would include the extension of the sidewalk from Elk Mountain Road to Merrimon Avenue. A proposed Silver-Line Park, sponsored by Silver-Line Plastics, along with existing park improvements and a proposed manmade whitewater project to draw kayakers and other water sports’ enthusiasts to the area.
The approximate cost of the $4.5 million bond referendum for a Woodfin resident owning a $100,000 would equal an additional $56.30 annually in property tax, if the entire $4.5 million is used.
Submitted by the Town of Woodfin:
How will the bond proceeds be used?
The proceeds from the bond will be used exclusively towards the construction of greenways, sidewalks, park and recreation construction and improvements, and associated costs. The bond proceeds are anticipated to be leveraged against a variety of grants, private donations, corporate sponsorships and inter-governmental transfers. The leveraged funds and bond proceeds are anticipated to equal approximately $10 million dollars.
The currently proposed breakdown of expenses* is:
|Silver-Line Park||$ 1,068,063.00|
|Elk Mountain to Merrimon Sidewalk||$ 131,185.00|
|Existing Park Improvements||$ 583,842.00|
|Woodfin White Water Wave||$ 2,141,500.00|
|Support Equipment||$ 30,868.00|
|Contingency 20%||$ 1,502,670.00|
*These cost estimates are currently under review and a final budget will not be adopted until final routing and amenities decisions are established and work has been bid. These estimates were arrived at by using local market costs for parts and labor as well as preliminary designs. These figures are provided as an estimate rather than an adopted budget.