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13.2. PRSR 07-09-2014
hl „_ Request for Action River To Item Number Parks and Recreation Commission 13.2 Agenda Section Meeting Date Prepared by Worksession July 9,2014 Chris Leeseberg,Park Planner-Planner Item Description Reviewed by Mining Area Park Dedication Update Michael Hecker,Parks and Recreation Director Reviewed by Action Requested No formal action is being requested. Background/Discussion Staff will update the Parks and Recreation Commission on the financial impacts that the 1996 (Shiely) and 2006 (Tiller) agreements have on future park dedication in the mining area. Financial Impact None Attachments • Mining Park Dedication Spread Sheet INATUREI • Mining Areas Owned By Shiely and Tiller(Barton Sand and Gravel) Tiller agreement 2006 Tiller agreement allowed the transfer of the green space on the east side of GNT to the City,without an exchange of funds. Funds were credited to the future park dedication requirements. This amount increases by 3%each year. Tiller 75-104-4400 7.8 $ 45,100.00 $ 18,413.85 $ 55,160.04 Tiller 75-110-2202 5.31 $ 44,700.00 $ 12,535.58 $ 37,551.26 Tiller 75-110-2200 23.62 $ 184,400.00 $ 55,760.92 $ 167,035.92 Tiller 75-110-2101 13.63 $ 274,900.00 $ 32,177.02 $ 96,388.63 Tiller 75-103-3205 1.04 $ 3,700.00 $ 2,455.18 $ 7,354.67 Tiller 75-122-2200 77.71 $ 496,300.00 $ 183,453.88 $ 549,549.58 Tiller 75-122-1205 58.66 $ 279,900.00 $ 138,481.60 $ 414,831.79 Barton Sand and Gravel 75-121-1110 2.83 $ 27,500.00 $ 6,680.92 $ 20,013.19 Barton Sand and Gravel 75-121-1100 68.03 $ 605,900.00 $ 160,601.82 $ 481,094.55 Tiller 75-121-1200 76.18 $ 596,300.00 $ 179,841.94 $ 538,729.72 Tiller 75-121-2000 128.95 $ 989,200.00 $ 304,418.71 $ 911,908.61 a Tiller 75-116-2105 41.2 $ 454,600.00 $ 97,262.90 $ 291,358.16 y Tiller 75-116-4205 6.9 $ 48,300.00 $ 16,289.18 $ 48,795.42 Totals 511.86 $ 4,050,800.00 - ,t t4tt C '�a^ - r •: 'r sus "€ .. . '� t^;` �= 3�� z?a...,�is Current amount of Credit per 2006 agreement $ 500,695.00 $ 500,695.00 $ 500,695.00 $ (95,615.00) $ 707,678.50 $ 3,119,076.55 Percent of total value 30% 89% Adjusted(correct)Amounts Shiely agreement 'Trails park Tiller 75-104-4400 7.8 $ 45,100.00 $ 18,413.85 $ 55,160.04 Tiller 75-110-2202 5.31 $ 44,700.00 $ 12,535.58 $ 37,551.26 Tiller 75-110-2200 23.62 $ 184,400.00 $ 55,760.92 $ 167,035.92 Tiller 75-110-2101 13.63 $ 274,900.00 $ 32,177.02 $ 96,388.63 Tiller 75-103-3205 1.04 $ 3,700.00 $ 2,455.18 $ 7,354.67 Tiller 75-122-2200 77.71 $ 496,300.00 $ 183,453.88 $ 549,549.58 Tiller 75-122-1205 58.66 $ 279,900.00 $ 138,481.60 $ 414,831.79 Barton Sand and Gravel 75-121-1110 2.83 $ 27,500.00 $ 6,680.92 $ 20,013.19 Barton Sand and Gravel 75-121-1100 68.03 $ 605,900.00 $ 160,601.82 $ 481,094.55 Tiller 75-121-1200 $ - $ - Tiller 75-121-2000 $ - $ - Tiller 75-116-2105 $ - $ - Tiller 75-116-4205 $ - $ - Totals 258.63 $ 1,962,400.00 °testa Current amount of Credit per 2006 agreement $ 500,695.00 $ 500,695.00 $ 500,695.00 $ (304,455.00) $ 109,865.77 $ 1,328,284.63 31% 93% Percent of total value