ADMINISTRATION - Nate Monahan, Program Supervisor
Title
ADOPTING THE 2015-2019 CAPITAL IMPROVEMENT PLAN FOR PARK DEVELOPMENT FUNDS
Background
The City maintains a five-year Capital Improvement Plan for Park Development Funds. The Capital Improvement Plan is a flexible plan based upon long-range physical planning and financial projections. Flexibility is achieved through annual review and revisions as necessary. All improvements listed in the plan are proposed and must come back to the Park Board for review and recommendation to the City Council. The City Council then makes all final decisions on capital improvements.
Revenue for the capital improvement plan comes from park dedication fees required of all new residential ($3,404), commercial ($8,704) and industrial ($5,803) development. The residential fee is split with 80% of the fee going to parks development and 20% of the fee going to open space development. (In 2018 the residential split is scheduled to return to 65% to parks and 35% to open space.) 100% of the commercial and industrial fees go to parks development.
Revenue from park dedication fees can only be used for development of new parks and trails, for new improvements to community parks used by all residents and for improvements to neighborhood parks that serve new growth. It cannot be used for park maintenance.
The plan has been reviewed by the Finance Department and the Park Board has reviewed the plan and recommended the following elements;
Revenue Plan Elements for 2015:
Park Dedication Fees: $773,324
Interest Earnings: $8,700
Internal Borrowing: $2,000,000 from CIF Fund for Lexington Athletic Complex.
Expenditure Plan Elements for 2015:
Internal Borrowing Payments from LAC Project: $40,000
Aquatore Park Field #1 Relocation Project will carry over to 2015 with estimated expenditure of $363,750 to finish the project.
Aquatore Park Playground is twenty years old and is in need of replacement at a cost of $200,000. Our public works staff who inspects the playground has indicated that many of the parts that are need to fix the playground are no longer available. Aquatore Park playground is a highly used and home to many special events, picnic rentals, field trips, concert series, and the Blaine Festival.
*Staff will be pursuing a matching grant to make this playground a great amenity to all of our Blaine residents.
Lakeside Commons Parking Lot project land cost will be repaid to the Project fund in 2015 at $100,000, 2016 at $100,000, and finally 2017 at $100,000.
West of Harpers Park (1.8 Acres) project is scheduled to begin in 2015 and the City has the deed to the property and could hire a consultant to design the park. The bid process for this park project could begin in the spring and development of the park could start in the summer. Total cost of this project is estimated at $250,000.
Lexington Athletic Complex project will carry over to 2015 as expected with an estimated expenditure of $1,325,000 to finish the project.
Lexington Athletic Complex Portable Hockey Rink Boards that could be purchased at a cost of $80,000. Staff would use the park building as a warming house and the parking lot was designed to be flooded next to the building with lights already in place from a pole used for the baseball field lights.
Lexington Athletic Complex Concession Equipment that includes:
Double Door True Food Refrigerator, Double Door True Food Freezer, Ice Cube Maker, Ice Bin, Water filter assembly, Pizza Oven, Hot Dog Grill, Hot Dog Bun Warmer, Pizza Warming Cabinet, and Nacho Machine at a cost of $14,000.
Recommendation
By motion, adopt the 2015 to 2019 Capital Improvement Plan for Park Development Funds.