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Memo to Par~ and Recreation Commission <br />Jul)' 11, 1994 <br />Page 2 of 3 i <br /> <br />Comemplate6,, also in 1996, was development of a park amenity adjacent to or surrounding <br />Sunfish Lake. ~ If 300 housing units are built in that area, the actual revenues at today's rates will <br />be $210,000. [This, however, may be a three or four phase development. The year 1996 seems <br />possible at th. is!point as an initial project date. <br /> <br />Trails <br /> <br />in 1996 there it contemplated a looping of the Itaska Trail to Central Park. h seems, given our <br />recent projects; and our constraints on playfield availability, this project could be delayed in <br />deference to a r~ore active use. <br /> r <br /> <br />Park Ded~ca~on:Rece~p~s <br /> <br />Park dedication: payments have been received into various districts. These revenues could be <br />programmed int6 the 1995 project year or any year thereafter. <br /> <br />995 Improvem{ <br /> <br />Except as sugge! <br />or appropriate. "1 <br />under developm, <br />Fox Ridge is a P <br />Greenland Hills <br /> <br />nts <br /> <br />;ted above, I don't believe significant changes in the 1995 program are necessary <br />'he Itaska project will provide an active trail head for a project that will have been <br />:nt for three years at that point. It also may have ballfieldYsoccer components. <br />· oposed development in an area toralty void of significant park amenities. The <br />· ail is a paving concurrent with the 153rd/155th MSA road project. <br /> <br />ygar 2.000 <br /> <br />Given above comments, I'd suggest that you consider delaying 1999 projects to the year 2,000. <br />This Mil allow flpcreased room in pr/or years for expenctimre increases for projects shown in <br />between 1996 and: 1998 currently. <br /> <br />Anm~al F~ncting <br /> <br />Current development policy is to construct park improvements upon receipt of revenues into the <br />Park Trust Pund from new subdivisions. Addirionally, Council committed $120,000 for each of <br />1993, 1994, and 19~95 from the Landfill Trust Fund interest earnings. The current CIP shows this <br />allocation through~- 1996 with a reduction to $80,000 per annum thereafter. The difference in <br />funding was to be ~rected to a new Public Works facility. This expenditure will not occur in that <br />we are projected ti~ purchase an existing facility for public works use on September 1, 1994. <br />While we continu{ to have space problems in the Police and Fire areas, this reallocation of <br />resources will be re{,examined. Any thoughts on the subject are welcome. <br /> <br /> <br />