A local Nature Path will  Health Benefits  Increase Property Values  Social Benefits for the surrounding community

Overview of Proposed Greenways

Schuyler Flatts Greenway Rural Cemetery route

Greenway Details  2.5 miles of protected greenway space  Provides a safe and convenient place that the community can use for personal recreation  Connects the local residents to Schuyler Flatts park and the residing Albany Bike Path  Simple dirt path with low OEM and initial costs

Parking Entrance (Schuyler Street)

Pedestrian Entrance (Spring Street)

Schuyler Flatts Park (Albany Bike Path)

Health Benefits $119,963 Discounted (benefits).04 for 60 years Average Health Benefit $ per year Average Health Benefit $ per year ($1.18/day) ($1.18/day) Months used 5 Months Months used 5 Months Population in Colonie 75,000 Population in Colonie 75,000 Daily Use 30 Daily Use 30 Students at Siena 3,500 Students at Siena 3,500 Houses Surrounding 12 Housing Increase $2,675

Property Value Benefits $184,712 Discounted (benefits).04 for 1 year Houses Surrounding (directly)12 Houses Surrounding (directly)12 Houses Surrounding (indirectly) 200 Houses Surrounding (indirectly) 200 Property Value Increase (direct) $2,675 Property Value Increase (direct) $2,675 Property Value Increase (indirect) $800 Property Value Increase (indirect) $800

Other Benefits Path becomes a regional connector (To River/Park and Bike Path) Path becomes a regional connector (To River/Park and Bike Path) Social Interactions Social Interactions Working outdoor classroom (students, boy/girl scouts and clubs) Working outdoor classroom (students, boy/girl scouts and clubs) Preserve land history Preserve land history Flood Management Flood Management

Costs Construction costs: $2,500 per kilometer= $7, Construction costs: $2,500 per kilometer= $7, Year maintenance cost: ($500 per mile per year)= 16, Year maintenance cost: ($500 per mile per year)= 16, Parking lot cost: $9, Parking lot cost: $9, –Tom Thornton of Smith's Paving and Seal Coating Sign cost: 3x $ x $ x $75= $2,450 Sign cost: 3x $ x $ x $75= $2,450 Permit cost: $3, Permit cost: $3, Total NPV of costs=$38, Total NPV of costs=$38,947.06

Benefit Cost Analysis NPV of costs=$38, NPV of costs=$38, NPV of Benefits=$304,675 NPV of Benefits=$304,675 NPV of project= $265, NPV of project= $265, BCR= BCR=7.8227

Possible Source of Capital Hudson River Valley Community Council Hudson River Valley Community Council –Established to coordinate with local and county governments to enhance land use and planning techniques –Advance the state’s commitment to the preservation, enhancement and development of scenic, natural, historic, cultural and recreational resources of the Hudson River Valley while continuing to emphasize economic development activities Offers grants to organizations/projects that provide natural resource protection, cultural resource protection, scenic resource protection, and open space protection Offers grants to organizations/projects that provide natural resource protection, cultural resource protection, scenic resource protection, and open space protection Since the Kromma Kill is an important resource to the Hudson River, our protective corridor-greenway would be very attractive to the HRVG Council Since the Kromma Kill is an important resource to the Hudson River, our protective corridor-greenway would be very attractive to the HRVG Council