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HomeMy WebLinkAbout3. Discussion regarding CIP CITY OF SHAKOPEE MEMORANDUM To: Mayor and City Council Parks and Recreation Advisory Board Planning Commission From: Mark Themig, Parks, Recreation & Facilities Director Meeting Date: July 22, 2004 Subject: Parks and Recreation 2004-2009 CIP INTRODUCTION On Thursday, July 22, City Council, the Parks and Recreation Advisory Board and the Planning Commission will hold a workshop to begin discussing the 2005-2009 Capital Improvement Program. It is anticipated that this meeting will primarily focus on the request for parks, trails, and recreation facilities Council will be asked to provide direction regarding the proposed projects, timelines, and funding. DISCUSSION The Capital Improvement Program (CIP) program provides for construction of new parks and recreational trails, land acquisition, and improvements in recreational facilities. The program attempts to focus limited resources on projects that are priorities for meeting the needs of a growing community. However, as you will see, all the identified needs cannot be met solely with the anticipated park development fee revenue. Decisions will need to be made regarding the priority of some projects over others, and whether or not other revenue sources should be explored. 2004 CIP Revisions Several changes have been made to the 2004 CIP to reflect recent changes in park land acquisition and development, including the Quarry Lake Ruse Project land acquisition, cost estimates for the 1 yth Avenue Sports Complex building, and revised timelines for projects. Attachment A outlines the revised 2004 CIP estimates. The following is a summary of the primary changes: . Park Land Acquisition ($2,000,000 increase) Acquisition of park land was shown in the 2003 CIP, but not included in 2004. . Soccer Complex ($233,450 increase) Estimated costs for the second phase of construction have increased to reflect anticipated building costs. . Tahpah Park Improvements ($484,000 decrease) Improvements planned for Tahpah Park in 2004 moved to 2005. . Boat Landing ($194,000 increase - grant) Minnesota River boat landing included in CIP. . Huber Park ($186,000 decrease) Additional costs planned for 2004 moved to 2005 to reflect anticipated timing of construction. . Quarry Acquisition ($260,000 increase) Funding for concept plans, cost estimates, and acquisition of property. . Whispering Oaks Park ($100,000 increase - donation) Reflects donation of costs for park construction by developer. . Church Addition Park ($215,000 increase - donation) Reflects donation of costs for park construction by developer in lieu of park dedication fees. 2005-2009 Projects The 2005-2009 CIP plans for a variety of park development projects. Core projects for 2005 that are detailed on the individual project sheets include the following: . Huber Park Development Second phase of park development that includes construction of the performance area, trails, parking, roadway, and undergrounding of power lines. . Tahpah Park Improvements Redesign and reconstruction of the parking lot, construction of a new baseball field, lighting two additional softball fields and relocating lighting on fields 2 and 3, and expanding and installing new fence on fields 1-4. . Westchester/Providence Point Neighborhood Park Development Construction of 11-acre park that could include ball fields, support building, parking trails, courts, etc. . Greenfield Neighborhood Park West Development Construction of four-acre neighborhood park. . Prairie Village Neighborhood Park Development Construction of neighborhood park to serve the Prairie Village neighborhood. (Pending success at acquiring land for this park area.) . Dean Lake Trail System Construction Construction of trail connection from the Dean Lakes development to Southbridge. . Southbridge Park Development Construction of a second park area in the Southbridge neighborhood. Tentatively identified for the parcel at the intersection of Sussex and Cambridge. . Community Playground Construction Construction of a community funded and built playground, possibly in conjunction with Huber Park. . Valley Creek Crossing Park Development Developer constructed park in the Valley Creek Crossing development. . Aquatic Park Building Reconstruction Design and construction of new service building for the Aquatic Park. Funding Attachment B is an updated projected fund level for the Park Reserve Fund. (This updated sheet replaces Page 5 of the CIP document.) As you will see, the projected fund balance carries a deficit for 2005-2009. The deficit is primarily caused by the $2,000,000 identified for land acquisition. Although the deficit is reduced slightly over time with the anticipated Xcel Energy payments, it does not eliminate the deficit. At the July 20 City Council meeting, Council will be considering action to direct appropriate city officials to develop alternative funding sources for land acquisition. Options that could be explored include grant opportunities, some type of interfund loan, transfer from the general fund, contract for deed purchase agreement, acquiring land through the development process, or other methods. REQUESTED ACTION Consider the proposed 2005-2009 CIP and provide further direction regarding proposed projects, timelines, and funding sources. ~~ Ma~ Themlg . . .