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12.2 PRSR 08-10-2022 The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: August 2020 Request for Action To Parks and Recreation Commission Item Number 12.2 Agenda Section Work Session Meeting Date August 10, 2022 Prepared by Michael Hecker, Parks, and Recreation Director Item Description 2022 Park Improvement Fund and Park Dedication projects Reviewed by Cal Portner, City Administrator Reviewed by Action Requested Discussion of the 2023 Park Improvement Fund and Park Dedication projects Background/Discussion Attached is a list of park capital improvement projects scheduled for 2023 from the Park Improvement Fund and Park Dedication Fund. The funding availability for PIF is based on a minimum Liquor Store Fund transfer of $250,000 per year. The 2023 project costs are estimates and will be updated for the September meeting. The Woodland Trails Regional Park storage garage project includes design/engineering and construction costs. The Commission requested to bring back the proposed Ninja Play System for consideration in 2023. It has an estimate of $280,000. Additional Park Dedication projects include YAC safety netting for $180,000 and skate park lighting for $15,000. Projects recommended from the PIF for 2023 are: • Athletic Fields Master Plan - $45,000 • Lions Park Playground Replacement - $80,000 • Kliever Lake Fields Basketball Court - $50,000 • WTRP storage garage - $130,000 Financial Impact $305,000 – Park Improvement Fund for 2023 $475,000 – Park Dedication Fund for 2023 Mission/Policy/Goal Opportunity to live, work and play Attachments  Park Improvement Fund Spreadsheet  Park Dedication Fund Spreadsheet City of Elk River Park Improvement Fund 2021 2022 2023 2024 2025 2026 Actual Estimate Estimate Estimate Estimate Estimate Cash Balance - Beginning $104,467 $435,904 $272,781 $246,647 $262,847 $385,547 Revenues: Interest Income 4,643 5,000 5,000 3,500 4,500 6,500 Youth Baseball Association - Dugouts 11,540 11,540 - - - - Youth Football - Oak Knoll Lights 14,832 7,416 7,416 - - - Lacrosse - Oak Knoll Lights - 4,450 4,450 4,450 4,450 - Grants 70,984 - - - - - Sponsorships 20,075 12,000 12,000 8,250 3,750 - Transfer In-Liquor Fund 250,000 250,000 250,000 250,000 250,000 250,000 Donations 18,701 4,491 - - - - Total Revenues 390,775 294,897 278,866 266,200 262,700 256,500 Expenditures: Athletic fields demand analysis/master plan - 30,000 45,000 - - - Country Crossing basketball court - 112,584 - - - - Country Crossing playground - - - 125,000 - - Deerfield basketball court - - - - 35,000 - Lions Park disc golf 28,000 Lions Park disc playground - 80,000 - - - Ridgewood basketball court - - - - 30,000 - Riverplace - playground/basketball court - - - - - 185,000 Trott Brook tennis court 24,592 253,004 - - - - Trott Brook playground - - - 125,000 - - Reconstruct Kliever Lake Fields basketball courts - - 50,000 - - - Woodland Trails buckthorn removal 25,000 - - - - - Woodland Trails storage garage - - 130,000 - - - Woodland Trails nature play area - - - - 75,000 - Misc. park maintenance 9,746 34,432 - - - - Total Expenditures 59,338 458,020 305,000 250,000 140,000 185,000 Revenues over/(under) Expenditures 331,437 (163,123) (26,134) 16,200 122,700 71,500 Cash Balance - Ending $435,904 $272,781 $246,647 $262,847 $385,547 $457,047 8/4/2022 City of Elk River Park Dedication Fund 2021 2022 2023 2024 2025 2026 Actual Estimate Estimate Estimate Estimate Estimate Cash Balance - Beginning $552,634 $935,635 $1,352,980 $1,130,260 $1,059,040 $1,237,820 Revenues: Park dedication 392,210 531,548 150,000 150,000 150,000 150,000 Sale of property - Pinewood CD 99,229 28,780 28,780 28,780 28,780 28,780 Interest 13,185 14,000 23,500 - - - Total Revenues 504,624 574,328 202,280 178,780 178,780 178,780 Expenditures: Miscellaneous 58,050 - - - - - Pinewood - irrigation/utility hookup 63,573 - - - - - Ninja/Fitcore system - - 280,000 - - - YAC - playground safety netting - 50,000 - - - - YAC - ballfield safety netting - 130,000 Orono Pk - sec. cameras/pickleball access.- 94,383 - - - - TH 10 Trail Lights - 12,600 - - - - CR 33 Trail - Local cost share - - - - - - Skate Park Lighting 15,000 CR 44 Trail - Local cost share - - - 250,000 - - Total Expenditures 121,623 156,983 425,000 250,000 - - Revenues over/(under) Expenditures 383,001 417,345 (222,720) (71,220) 178,780 178,780 Cash Balance - Ending $935,635 $1,352,980 $1,130,260 $1,059,040 $1,237,820 $1,416,600 8/4/2022