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6.3. PRSR 04-10-2006City of Elk River REQUEST FOR COUNCIL ACTION Item Number 63 Agenda Section Meeting Date Prepared by Joint Meeting with Parks and April 10, 2006 Bill Maextz, Parks and Recreation Recreation Commission Director Item Description Reviewed by Future Referendum fox Parks and Trails Loxi ohnson, Ci Administrator Introduction Discussion of a potential referendum fox parks and trails development. Discussion • The 5 year Capital Improvement plan, revised in 2004 totals $4,296,400. • The nail development estimate is $4,000,000. • The purchase of Pinewood will have some impact on the park dedication fund balance. • Land acquisition, even with matching grants, will be substantial but should be pursued as soon as possible due to rapidly increasing land prices. • Athletic associations axe advocating foz field development due to a shortage of ball fields. These are all impartant projects that will add to the quality of life in Elk River. In addition, these expenditures can be seen as an investment that will show along-range return in property values and quality real estate investment. Staff recommends that in 2007 the park dedication budget should include funds to revise and update the 1997 Paxk System Master Plan. As part of this process, a consultant would work with staff to hold an extensive seises of public meetings. This "visioning process" would create a system plan that reflects resident's values. This in turn, would give residents "ownership" of the funding solutions, such as a referendum. Financial Impact Staff found four recent system plans completed: Hassan Township $38,000 Minnetrista $40,000 Independence $68,000 (lots of public process) Mankato $38,000 Attachments None C:\Documencs and Se[tings\tallaxd\Local Seclings\Temporary Ivtemet Piles\OLKF\G.3 Referendum Action Requested Authorize staff to request proposals fox updating and revising the park system master plan in 2007 at a cost of approximately $45,000. COUnCII ACtlon Motion by Second by _ ~~ote Follow Up C:\Docvments' and Settings\tatlard\Local Settings\Tempomry Internet Files\OLKP\G.3 Referendum