4.5. SR 06-20-2016City of
Elk —
River
Request for Action
To
Item Number
Mayor and City Council
4.5
Agenda Section
Meeting Date
Prepared by
ConsentJune
20, 2016
Lori Ziemer, Interim Finance Director
Item Description
Reviewed by
Resolution Authorizing Transfer from Municipal
Cal Portner, City Administrator
Liquor Fund to Park Improvement Fund
Reviewed by
Action Requested
Approve, by motion, a transfer from the Municipal Liquor Fund to the Park Improvement Fund.
Background/Discussion
On June 2, 2008, the City Council approved the creation of a Park Improvement Fund to provide a long-
term funding source to be used for city park needs such as build -out, replacement, maintenance of capital
assets, and beautification.
The funding policy was revised and approved on November 19, 2012, allowing the city to utilize up to
45% of operating income less budgeted transfers from the Municipal Liquor Fund to the Park
Improvement Fund.
Financial Impact
The 2016 transfer amount is $265,617 and is budgeted in the Municipal Liquor Fund 2016 budget.
Attachments
Resolution authorizing a transfer from the Municipal Liquor Fund to the Park Improvement
Fund
■ 2016 Capital Improvement Plan Sheet for 2016 Park Improvement Fund
P0WIAED 0
NaA f RE]
City of
Elk
River
Resolution 16-
A Resolution of the City of Elk River Authorizing a Transfer from the
Municipal Liquor Fund to the Park Improvement Fund
WHEREAS, the City Council approved establishing the Park Improvement Fund on June
2, 2008, and, revised on November 19, 2012, and,
WHEREAS, the City Council has reviewed the request and determined it to be a sound
financial practice; and,
WHEREAS, it has been determined that $265,617 should be transferred out of the
Municipal Liquor Fund to provide funding for the Park Improvement Fund.
NOW, THEREFORE, BE IT RESOLVED by the City= Council of the City of Elk
River, Minnesota, as follows: the transfer of $265,617 from the Municipal Liquor Fund to
the Park Improvement Fund.
Passed and adopted this 20`h day of June, 2016.
John J. Dietz, Mayor
ATTEST:
Tina Allard, City Clerk
row€R10 8
NATUREI
Capital Improvement Plan
City of Elk River, Minnesota
Project # PIF -16
Project Name 2016 park improvement projects
Type Maintenance
Useful Life Unassigned
Category Park Improvements
Description
2016 projects include:
trail repairs and replacement ($220,000)
park property lines ($3,000)
Orono Park improvements ($20,000)
upgrade irrigation to smart systems ($10,000)
athletic field improvements ($100,000)
athletic field improvements dugouts ($80,000)
Skate park design ($17,500)
Hillside improvements ($30,000)
Houlton restoration management plan ($10,000)
Rivers Edge Commons Park improvements ($20,000)
Woodland Trails master plan/forest mgmt. ($23,000)
Wayfinding signage ($25,000)
Playground hoop replacement ($9,000)
Trott Brook Tennis Court resurfacing ($14,000)
Justification
Annual maintenance/repairs of our park system
2016 thru 2020
Department Park Improvement Fund
Contact Park & Rec. Director
Priority n/a
Expenditures 2016 2017 2018 2019 2020 Total
Park Improvements 588,500 588,500
Funding Sources
Total 588,500
2016 2017 2018 2019 2020 Total
586,500
Park Improvement Fund 588,500 588,500
Total 588,500
2016-2020 CAPITAL IMPROVEMENT PLAN Page 36
588,500