HomeMy WebLinkAbout15.C.3. Updated 2005-2009 Park Capital Improvement Program
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CITY OF SHAKOPEE
MEMORANDUM
To: Mayor and City Council
Mark McNeill, City Administrator
From: Mark Themig, Parks, Recreation, and Facilities Director
Meeting Date: January 18, 2005
Subject: Updated 2005-2009 Park Capital Improvement Program
INTRODUCTION
Attached is an updated CIP funding schedule based on the proposed park projects.
DISCUSSION
The following updated CIP list was provided in your December 21 packet. The left
section contains the project list that was reviewed in July as part of the budget process
and included in your budget book. The right section is updated with revised financial
information and timing for projects that are being considered. This section also includes
projects yet to be completed from 2004.
The yellow highlights in the right section show where changes to the CIP have been
proposed to reflect the change in costs or project timing. In neither the adopted funding
program nor the revised one are there adequate funds to complete the projects that
have been identified in the timeline proposed. The increased costs of the projects,
particularly Huber Park, only complicates the funding issue.
Finance Director Voxland has provided the following overview of city funding sources
that could be considered for ark ro'ects:
Source Eligible? Comments
General Fund Fund Balance Yes Currently at target balance, excluding
an 2004 unders end
Interfund Loan Yes Voxland recommends 5 year payback
plan from any of the following sources:
. General levy
. Park reserve
Sanitary Sewer Fund Yes Has only been used for sanitary in the
past. Using it for riverbank work would be
a chan e in hiloso h .
Storm No Not Ie al
CIF No Not Ie al
Buildin No Inade uate resources
REQUESTED ACTION
With the additional funding options being pursued for Huber Park and the Shutrop
property,. the funding picture could change substantially, so it is difficult to provide you
with any further clarification on the CIP. Please provide direction as you deem
appropriate.
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Adopted 2005-2009 CIP Updated 2005-2009 CIP B.
Cost Funding Cost Funalng
Project Task Estimate Source 2005 2006 2007 2008 2009 Project Task Estimate Source 2004 2005 2006 2007 2008 2009
Land Acquisition Acquisition Park Reserve Land Acquisition Acquisition 2,000,000 Park Reserve 2,000,000
17th Avenue Sports Compiex (Building & ADA mods) Builaing, ADA Mods., Final Site Park Reserve 17th Avenue Sports Complex Building, ADA Mads., Final Site 480,000 Park Reserve -480~000
Skate Park Addition Construction Park Reserve Skate Park Addition Construction 25,000 Park Reserve U],OOO
Minnesota River Boat Landing Relocation Design and Construction Grants Minnesota River Boat Landing Relocation Design and Construction 145,000 Grants 145,000
Whispering Oaks Park Construction Donations Whispering Oaks Park Construction 100,000 Donations 100,000
Church Addition Park Construction Donations Church Addition Park Construction 215,000 Donations - C2,12,QQ,Q]
Quarry Lake Reuse Project Acquisition Park Reserve Quarry Lake Reuse Project Acquisition 250,000 Park Reserve 250,000
Quarry Lake Reuse Project Design 25,000 Park Reserve 25,000 Quarry Lake Reuse Project Design 25,000 Park Reserve 25,000
Quarry Lake Reuse Project Construction 615,000 Grants 450,000 165,000 Quarry Lake Reuse Project Construction 615,000 Grants 450,000 165,000
Quarry Lake Reuse Project Construction 250,000 Donations 100,000 150,000 Quarry Lake Reuse Project Construction 250,000 Donations 100,000 150,000
Huber Park Improvements DeSign Park Reserve Huber Park Improvements Design 110,000 Park Reserve 55,000 55,000
Huber Park Improvements Park Construction 745,000 Park Reserve 745,000 Huber Park Improvements Park Construction 1,374,025 Park Reserve 1,374,025
Huber Park Improvements Roadway Construction 50,000 Assessments 50,000 Huber Park Improvements Roadway Construction 50,000 Assessments 50,000
Huber Park Improvements Park Building Design and Canst. Park Reserve 220,000 Huber Park Improvements Park Building Design and Consl 379,000 Park Reserve 379,000
Huber Park Improvements Park Construction 250,000 Donations 250,000 Huber Park Improvements Park Construction 233,765 Donations ~~7]!5
Huber Park Riverbank Stabilization Design and Construction Park Reserve Huber Park Riverbank Stabilization Design and Construction 924,012 Park Reserve
Huber Park Riverbank Stabilization Design and Construction Grants Huber Park Riverbank Stabilization Design and Construction 300,000 Grants
Community Playground System Construction 150,000 Donations 150,000 Community Playground System Construction 150,000 Donations 150,000
Tahpah Park Redevelopment Design and Construction 313,500 Park Reserve 313,500 Tahpah Park Redevelopment Design and Construction 313,500 Park Reserve 313,500
Tahpah Park Redevelopment Design and Construction 375,000 Tax Levy 375,000 Tahpah Park Redevelopment Design and Construction 375,000 Tax Levy 375,000
Tahpah Park Redevelopment Construction 140,000 Donations 140,000 Tahpah Park Redevelopment Construction 140,000 Donations 140,000
Greenfiela West Park Development Design and Construction 346,000 Park Reserve 346,000 Greenfield West Park Development Design and Construction 346,000 Park Reserve 346,000
Prairie Village Park Land Acquisition/Construction 157,500 Park Reserve 157,500 Prairie Village Park Land Acquisition/Construction 357,500 Park Reserve D.o:9~00b~57~~
Dean Lake Trail System Design and Construction 192,500 Park Reserve 192,500 Dean Lake Trail System Design and Construction 192,500 Park Reserve 192,500
Southbridge Community Park Development Design and Construction 800,000 Park Reserve 105,000 117,500 52,500 525,000 Southbridge Community Park Development Design ana Construction 800,000 Park Reserve 105,000 117,500 52,500 525,000
Southbridge Community Park Development Improvement 20,000 Grants 20,000 Southbridge Community Park Development Improvement 20,000 Grants 20,000
ProvidencelWestchester Park Development Design and Construction 880,000 Park Reserve 860,000 ProvidencelWestchester Park Development Design ana Construction 860,000 Park Reserve _86070:00]
Valley Creek Crossing Park Development Design and Construction 125,000 Donations 125,000 Valley Creek Crossing Park Development Design and Construction 125,000 Donations 125,000
O'Dowd Lake Park Improvements Design and Construction 210,000 Park Reserve 210,000 O'Dowd Lake Park Improvements Design and Construction 210,000 Park Reserve 210,000
Riverside Fields Park Development Design and Construction 262,500 Park Reserve 262,500 Riverside Fields Park Development Design and Construction 262,500 Park Reserve 262,500
Greenfield East Park Development Design and Construction 660,000 Park Reserve 660,000 Greenfield East Park Development Design and Construction 860,000 Park Reserve r -860~000-
Horizon Heights Park Development Design and Construction 210,000 Park Reserve 210,000 I Horizon Heights Park Development Design and Construction 210,000 Park Reserve 21..Q,o.o..oJ
CR 79 Trail to O'Dowd Lake Park Design and Construction 262,500 Park Reserve 262,500 CR 79 Trail to O'Dowd Lake Park Design and Construction 262,500 Park Reserve 262,500
Kilamey Hills Park Development Design and Construction 367,500 Park Reserve 367,500 Kilamey Hills Park Development Design and Construction 367,500 Park Reserve 367,500
PUSL Channel Greenway Corridor Design and Construction 157,500 Park Reserve 157,500 PUSL Channel Greenway Corridor Design and Construction 157,500 Park Reserve 157,500
10th & Spencer Park Development Design and Construction 50,000 Park Reserve 50,000 10th & Spencer Park Development Design and Construction 50,000 Park Reserve 50,000
Mound & CR 79 Park Development Design and Construction 50,000 Park Reserve 50,000 Mound & CR 79 Park Development Design and Construction 50,000 Park Reserve 50,000
Community Park Development Acquisition 1,050,000 Park Reserve 1,050,000 Community Park Development AcqUisition 1,050,000 Park Reserve 1,050,000
Lions Park Improvements Construction 130,500 Donations 25,500 45,000 60,000 Lions Park Improvements Construction 130,500 Donations 25,500 45,000 60,000
Small Improvement Projects Construction 100,000 Park Reserve 20,000 20,000 20,000 20,000 20,000 t Small Improvement Projects Construction , 00,000 Park Reserve 20,000 20,000 20,000 20,000 20,000
Small Trail Projects Construction 100,000 Park Reserve 20,000 20,000 20,000 20,000 20,000 Small Trail Projects Construction 100,000 Park Reserve 20,000 20,000 20,000 20,000 20,000
9,025,000 3,900,000 2,335,000 730,000 932,500 1,347,500 . 14,965,602 2,405,000 4,794,290 3,529,012 1,957,500 932,500 1,347,500
Balance 177,502 -1,749,898 -2,139,898 -1,180,498 -760,218 Balance 3,114,447 1,108,647 -1,541,378 -2,735,390 -2,917,890 -2,450,390
Park Dedication Fees $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 900,000 Park Dedication Fees $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 900,000
Grants 470,000 165,000 Grants 145,000 770,000 165,000
Tax levy 375,000 Tax levy 375,000
Assessments Assessments 50,000
Xcel Agreement 500,000 500,000 500,000 500,000 ~ Xcel Agreement 500,000 500,000 500,000 500,000
Donations 690,500 145,000 210,000 Donations 100,000 674,265 165,000 210,000
SPUC Well Field and Watermain (30,~10)' SPUC Well Field and Watermain 299,200
Interest 7,100 (70,000) (85,600) (47,220) f Expenditures
Expenditures (3,900,000) (2,335,000) (730,000) (932,500) (1,347,500) (2,405,000) (4,794,290) (3,529,012) (1,957,500) (932,500) (1,347,500)
12/31 Ending Balance -1,749,898 -2,139,898 -1,180,498 -760,218 -738,128' ~12/31 Ending Balance 1,108,647 -1,541,378 -2,735,390 -2,917 ,890 -2,450,390 -2,397,890