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7.2 PRSR 10-07-2020 The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Request for Action To Parks and Recreation Commission Item Number 7.2 Agenda Section Action Item Meeting Date October 7, 2020 Prepared by Michael Hecker, Parks and Recreation Director Item Description Park Improvement Fund 2021 Reviewed by Cal Portner, City Administrator Reviewed by Action Requested Recommend, by motion, the 2021 Park Improvement Fund projects and 2021-2025 capital replacement schedule for park facilities. Background/Discussion On September 9, 2020, the Commission received a list of projects for the 2021 Park Improvement Fund and the 2021-2025 capital replacement schedule. Basketball courts were originally presented for Fresno Park ($30,000) and Country Crossing Park ($50,000). The Commission discussed investing funds into one regulation court with lighting at Country Crossing. Updated estimate for Country Crossing is $100,000. Projects selected for completion in 2021 during the September 16 regular meeting are: • Country Crossing Basketball Court with Lights- $100,000 • Trott Brook Tennis Court Replacement- $150,000 Financial Impact $250,000 – Park Improvement Fund Attachments  Park Improvement Fund Spreadsheet City of Elk River Park Improvement Fund 2020 2021 2022 2023 2024 2025 Estimate Estimate Estimate Estimate Estimate Estimate Cash Balance - Beginning $141,389 $110,036 $138,408 $167,280 $295,112 $395,112 Revenues: Interest Income 2,500 2,000 2,500 3,000 5,000 7,000 Youth Baseball Association - Dugouts - 11,540 11,540 - - - Youth Football - Oak Knoll Lights - 7,416 7,416 7,416 - - Lacrosse - Oak Knoll Lights - 7,416 7,416 7,416 - - Grants 362,000 - - - - - Transfer In-Liquor Fund 255,147 250,000 250,000 250,000 250,000 250,000 Donations - - - - - - Total Revenues 619,647 278,372 278,872 267,832 255,000 257,000 Expenditures:Notes Athletic fields - dugouts - - - - - - Athletic fields - scoreboards - - - - - - Country Crossing Playground - - - - 100,000 - Lifecycle replacement Deerfield Playground Replacement - - - - - - Herritage Landing/Country Crossing Trail - - - - - 120,000 Mill and overlay Hillside Park Improvements - - - - - - Houlton restoration (FMR match)10,000 - - - - - obligated funds to restoration grant Lions Basketball Court - - - - - - Orono Park Plat 14,000 - - - - - Lions Park Center Parking Lot - - - - - - Lions Park Playground - - 250,000 - - - Mississippi Road Trail Reconstruction - - - - - 120,000 Mill and overlay Oak Knoll Lights - - - - - - Oak Knoll Parking Lot - - - - - - Orono Park Master Plan - - - - - - Park Property Lines - - - - - - Parks Master Plan Update - - - - - - Picnic tables/benches - - - - - - Rivers Edge - flagpole/dock - - - - - - Sport Court -- - - - - - Country Crossing basketball - 100,000 - - - - Eliminate Fresno court, reconstruct Country Crossing add lights Deerfield Park basketball - - - - 25,000 - Reconstruction Fresno basketball - - - - - - West Oaks, Kliever Point, Kliever Lake Fields - - - 40,000 - - Resurfacing Ridgewood basketball - - - - 30,000 - Reconstruction Trail Repairs & Connections - - - - - - Trott Brook Basketball court - - - - - - Trott Brook Park Playground - - - - - 100,000 Lifecycle replacement Trott Brook Tennis Court - 150,000 - - - - Full reconstruction Woodland Trails Grant/Match 387,000 - - - - - Woodland Trails Design Services - - - - - - Woodland Trails Survey - - - - - - Woodland Trails Amenities 90,000 - - - - - Woodland Trails Garage - - - 100,000 - - New construction near archery range, demo old garage YAC dugouts 150,000 - - - - - Misc. park maintenance - - - - - - - - - - - - Total Expenditures 651,000 250,000 250,000 140,000 155,000 340,000 Revenues over/(under) Expenditures (31,353) 28,372 28,872 127,832 100,000 (83,000) Cash Balance - Ending $110,036 $138,408 $167,280 $295,112 $395,112 $312,112 10/1/2020