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CASE ~ 4 <br /> <br /> PARK AND RECREATION COMMISSION <br />4993 - 2000 CAPITAL IMPROVEMENTS PROGRAM <br /> 8/15/94 <br /> By: Ryan Schroeder, City Administrator <br /> <br />Background: <br /> <br />On August 11, !1994, the Park and Recreation Commission approved the enclosed Capital <br />Improvement PrOgram lC/PI. Enclosed, as exhibits, are the narrative discussions provided to the <br />Commission priclr to their deliberation. There are some changes from the past year CIP and from <br />staff suggestionsifor 1995 and beyond. For display purposes, we have combined the 1993 and <br />1994 budget app~val so the reader can easily gauge past projects and their status. It is the 1995 - <br />2000 portion of ~e plan to which Council consideration is requested. <br /> <br />For the most pa~t, the enclosed CIP is the same as that approved for 1994. Where time has <br />allowed improvett budget estimates, the appropriate changes have occurred. For 1995, additions <br />to the plan inclu4e expenditures from received park trust fund dollars toward Fox, Central, River's <br />Bend and Rabl~it~Parks. These line items are from park dedication payments or interest earnings <br />received since lffgl. <br /> <br />In 1996, Cenn'al Park receives a $98,000 Landfill Trust Fund improvement previously scheduled <br />for 1997. The County Road #83 trail, connecting Central Park to the Itasca Trail, was pushed <br />back one year to[1997 as a result. The year 1998 notes a National Park Service Grant program <br />using Park Trust Fund revenues as the local match. <br /> <br />Each yea.r, befitting in 1995, is shown with a "Capital Match Program". This is the Lawful <br />Gambling Match!ng Grant program set up in 1994 with expenditures from the fund starting in <br />1995. Council a~proved $120,000/year in expenditures from the Landfill Trust Fund interest <br />earnings for 199g - 1995. As was the case last year, this'CIP shows $120,000 in Trust Fund <br />dollars from 1993 to 1996 with allocations of $80,000/year thereafter. This ongoing funding <br />source allows for ~lanned park developments without improvement bonds or levy increases. <br /> <br />Commission ACtion: <br /> <br />Motion to recommend City Council approve the 1993 - 2000 Parks CIP. <br />Reviewed by: ~ <br /> <br />City Administrator <br />Finance Officer <br />City Engineer : <br />Parks/Utilities Supervisor <br /> <br />FC: 8/22/94 <br /> <br /> <br />