7.B. PRSR 11-08-2006ver
MEMORANDUM
TO: Parks and Recreation Commission
FROM: Bill Maertz, Parks and Recreation Director
DATE: November 8, 2006
SUBJECT: 2007 Parks Capital Budget
2007 PARKS CAPITAL IMPROVEMENT BUDGET OPTIONS
PROJECT EST. COST
Barsody Payment 78,000
Malmstrom Pro erty 485,000
18 Acres Country Club Property 405,000
Park System Master Plan Update 40,000
Twin Lakes Elementary Play round 50,000
Grant Matching Funds for Hillside park 100,000
Grant Matching Funds for Babcock to Downtown trail 125,000
Tree Planting 20,000
Park Signs 15,000
Total 1,318,000
Carry Over from 2006 CIP
Seal Basketball Court Kliever Lake Fields 2,200
Rivers Edge Commons 582,000
Total 584,200
A conservative estimate projects there will be approximately $550,000 available for
capital projects in 2007. This is a function of the slowdown in residential real estate sales,
see attached memo.
In addition to these projects, be advised that it will be necessary to bank $166,000 per
year unti12012 to pay the balloon payment on Pinewood Golf Course. This leaves a total
of $384,000 for capital spending in 2007. Both the Malmstrom family and the Country
Club Board have indicate a willingness to receive payments over several years.
Staff believes that the one crucial item to include is the park system plan update. This
update will be accomplished with extensive community involvement. This community
based planning effort can become the catalyst for support of parks acquisition and
development.
Memo
To: Bill Maextz, Parks and Recreation Director
From: Jeremy Bamhaxt, Planning Manager
CC: Scott Clark, Community Development Director
Sheila Carney, Senior Planner
Date: November 3, 2006
Re: Land Subdi~dsion predictions, 2007-2008
As requested, the Plarutirtg Division has prepared predictions of land subdi~nsion volume fox the
next two years fox purposes of budgeting for possible park land purchases in that timeframe.
The table illustrates the past history, dating to 2002:
At the end of the year 2006, the City will likely hold approximately 875
platted lots in inventory. Based on this inventory, and the regionally cooling
housing tnaxket; it seems likely that the number of plats subject to Final Plat
approval will be reduced. Additionally, several of the larger "development
xead~' parcels axe subjec[ to previous agreement regulating timeframe for
housing construction (L.ibexty Heights), or to the extension of utilities
through adjacent parcels, (1'reservc Ponds) slowing development of those
parcels.
Year Lots
2002 652
2003 ffi
2004 240
2005 315
2006 148'
Based on estimates, the Planning Division believes that 2007 will see substantially lower than
normal numbers of residentially platted lots. 2008 will likely see a partial rebound, but it seems
likely that new plats will not rebound to the 2004-2005 levels fox several years. (240-315 units
added in 2004 and 2005.) *The 2006 number is year to date.
In 2007, 30 additional new platted lots arc anticipated. In 2008, there is potentL21 for 150 lots,
including River Paxk, Liberty Heights, and property in the then-open 2008 phasing area.
These numbers represent conservative estimates, which I believe is more appropriate fox income
planning. Please do not hesitate to let me know if you have any questions.