5.2. SR 09-10-2007Item # 5.2.
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MEMORANDUM
TO: Mayor and City Council
FROM: Tim Simon, Finance Director
DATE: September 10, 2007
SUBJECT: 2008-2012 Park Improvement Projects
The purpose of this meeting is to continue the discussion regarding projects proposed for
funding in the 2008-2012 Capital Improvement Program (CIP) which will be adopted later
this fall. Bill Maertz, Parks and Recreation Director, will be at the meeting to go over the
projects in detail and answer any questions. Below are a couple key assumptions that went
into the financial review of the fund:
• The primary funding source for our park projects is the park dedication revenues and
on occasion various grants. In looking at the park dedication revenues over the next
five years, the planning department projected the number of platted lots and the
associated revenues based on a 5% increase in the park dedication fee each year.
• Current land acquisitions such as the Barsody property, Pinewood Golf Course, and
potentially the Malmstrom property have a fixed payment schedule over the next five
years.
• A minimum reserve balance in 2008 was established to ensure we have enough funds
on hand at year-end to cover at a minimum the first two quarters of payments the
following year since the majority of park dedication revenues collected start in the
spring of each year.
• A reserve balance of $750,000 at the end of 2011 is to ensure we have funds on hand
for April 2012 when we make the final Pinewood payment.
There are a number of projects being proposed in which we identified the estimated park
dedication resources available to fund these projects. We will review the CIP and readjust
the priority of the projects on an annual basis based on the updated park dedication
revenues and reserve balances.
I have attached copies of the 2008-2012 CIP being proposed and a copy of the financial
analysis on the park dedication fund. While this is a great tool for long-term planning of the
park projects, we will again review the proposed projects in the 2009-2013 CIP next year.
C:\Documents and Settings\jmiller\Local Settings\Temporary Internet Files\OLK3E\CIP
memoparks.doc
.$3,300 then 5% increase
Projected Park Capital Improvement Plan Revenues
200~~ 20~~
Proposed Fee Schedule 2008 2009 2010 2011 2012
Residential 5% increase/ r $3,465.00 $3,638.25 $3,820.16 $4,011.17 $4,211.73
Commercial $6,945.75 $7.293.04 $7,657.69 $8,040.57 $8,442.60
Industrial $2.315:25 $2,431.01 $2,552.56 $2,680.19 $2',814.20
Estimated Units or Acres
Residential (units)'`'' 50 120 90 195 180
Commercial (acres) 6 4.2 4.2 4.2 4.5
Industrial (acres] 4.25 4.25 4.25 4:25 4:25
Estimated Revenues b Class 2008 2009 2010 2011 2012
' ,Residential $173,250.00 $436,590.00 $343,814.63 $782,178.27 $758,111.25
Commercial $41,674.50 $30,630.76 532.162.30 $33,770.41 S37.991.71
Industrial $9,839.81 $10,331..80 $10,848.39 $11,390.81 $1`1;960.35
TOTAL ESTIMATED REVENUES $224,764 $477,553 $386,825 $827,339 $808,063
**Number of residential units that will be subject to a park dedication fee.
estimated to be created as land dedication is figured into this estimate. Does not represent the total number of units
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City of Elk River, Minnesota
Capital Improvement Plan
2008 thru 2012
PROJECTS & FUNDING SOURCES BY DEPARTMENT
Department Project# Priority 2008 2009 2010 2011 2012 Total
!Park Development & Improvement
Land Acquisition PF-90 3 273,542 265,295 238,048 175,412 1,590,000 2,542,297
Big Tooth Ridge Park PR-06 3 54,000 54,000
Camp Cozy Park PR-08 3 192,333 192,333
Great Northern Trail PR-18 3 300,000 300,000.
Lions Park PR-35 3 5,000 5,000
Meadowvale Heights PR-38 3 50,000 65,250 115,250
Orono Park PR-48 3 295,000 295,000
Woodland Trails Park PR-66 3 471,250 471,250
Youth Athletic Complex PR-68 3 50,000 50,000
Park Development 8c Improvement Total 323,542 315,295 243,048 475,412 2,667,833 4,025,130
Federal Grants 100,000 100,000
Park Dedication 278,542 270,295 198.048 33D,412 1,872,833 2,950,130
RDF Payment in L1eu of Tax Resen~e 45,000 45,000 45,000 45,000 795,000 975,000
.Park Development & Improvement Total 323,542 315,295 243,048 475,412 2,667,833 4,025,130
Grand Total 323,542 315,295 243,048 475,412 2,887,833 4,025,130
2006 CIP Draf105/30/06 Page 1
Capital Improvement Plan
City of Elk River, Minnesota
Project # pF-90
Project Name Land Acquisition
Type Land
Useful Life Unlimited
Category Land
Description
?006 - Barsody Property
?006 -Pinewood Golf Course
?007 -Malmstrom Property
2008 thru 2012
Priority 3Important
Contact Park & Rec. Director
Department Park Development & Improve
Justification
Che Malmstrom property is a key parcel that connects the 360 acre Woodland Trails Park to the east, creating access
prom the Brentwood, Ridgewood and Lafayette Woods neighborhoods. This parcel has been a park target in the park
vaster plan since 1989.
Expenditures 2008 2009 2010 2011 2012 Total
Land Acquisition 273,542 265,295 238,048 175,412 1,590,000 2,542,297
Total
Funding Sources 273,542
2008 265,295
2009 238,048
2010 175,412
2011 1,590,000
2012 2,542,297
Total
Park Dedication
RDF Payment in Lieu of Tax R 228,542
45,000 220,295
45,000 193,048
45,000 130,412
45,000 795,000
795,000 1,567,297
975,000
'j'otgl 273,542 265,295 238,048 175,412 1,590,000 2,542,297
Page 1
Capital Improvement Plan 2008 rhru 2012
City of Elk River, Minnesota
Project # PR-~6
Project Name gig Tooth Ridge Park
Type Improvement Priority 3Important
Useful Life Unassigned Contact Park & Rec. Director
Category Park Improvements Department Park Development & Improve
Description
?012 Improvements (Wood chip trail, Paved Trail, Entrance sign, Site Amenities, Shelter)
Justification
~urrently underutilized park due to lack of trail or entrance marker.
Expenditures 2008 2009 2010 2011 2012 Total
Construction/Maintenance 54,000 54,000
Total
54,000 54,000
Funding Sources 2008 2009 2010 2011 2012 Total
Park Dedication 54,000 54,000
Total 54,000 54,000
Page 2
Capital Improvement Plan
City of Elk River, Minnesota
Project # pR-08
Project Name Camp Cozy Park
Type Improvement
Useful Life Unassigned
Category Park Improvements
2008 thru 2012
Priority 3lmportant
Contact Park & Rec. Director
Department Park Development & Improve
12 -Construct Parking 20 stalls, Park Identification sign, Play structure, Shelter, Site Amenities
_Justification
~0 acre parcel on the Elk River is a underutilized asset due to lack of parking and amenities.
Expenditures 2008 2009 2010 2011 2012 Total
Construction/Maintenance 192,333 192,333
Total
Funding Sources 2008 2009 2010 2011 192,333
2012 192,333
Total
Park Dedication 192,333 192,333
Total 192,333 192,333
Page 3
Capital Improvement Plan
City of Elk River, Minnesota
Project # pR-18
Project Name Great Northern Trail
Type Improvement
Useful Life Unassigned
Category Park Improvements
11 -North of 33
2008 thru 2012
Priority 3lmportant
Contact Park & Rec. Director
Department Park Development & Improve
~'~I
..
justification
completion of trail to the city limits. Part of regional trail leading to Princeton, MN. Federal grant money has been
secured for 2011.
Expenditures 2008 2009 2010 2011 2012 Total
Construction/Maintenance 300,000 300,000
Total
Funding Sources 2008 300,000
2009 2010 2011 2012 300,000
Total
Federal Grants
Park Dedication 100,000
200,000 100,000
200,000
Total 300,000 300,000
Page 4
Capital Improvement Plan
City of Elk River, Minnesota
Project # pR-35
Project Name Lions Park
2008 thru 2012
Type Improvement Priority 3lmportant
L;seful Life Unassigned Contact Park & Rec. Director
Category Park Improvements Department Park Development & Improve
Description
?010 -Lions Park basketball court
Justification
3xtend life of Court, appearance.
Expenditures 2008 2009 2010 2011 2012 Total
Construction/Maintenance 5,000 5,000
Tp~ 5,000 5,000
Funding Sources 2008 2009 2010 2011 2012 Total
Park Dedication 5,000 5,000
Total 5,000 5,000
Page 5
Capital Improvement Plan
City of Elk River, Minnesota
Project # pR-38
Project Name Meadowvale Heights
2008 thru 2012
Type Improvement Priority 3Important
Useful Life Unassigned Contact Park & Rec. Director
Category Park Improvements Department Park Development & Improve
Description
>.008 -Playground equipment
'012 - TBD
Justification ~
nearest play structure is across CR 1 with no good crossing point. Park serves several neighborhoods without play
Expenditures 2008 2009 2010 2011 2012 Total
Equipment 50,000 65,250 115,250
Funding Sources 'j'O~ 50,000
2008 2009 2010 2011 65,250
2012 115,250
Total
Park Dedication 50,000 65,250 115,250
Total 50,000 65,250 115,250
Page 6
Capital Improvement Plan 2008 rhru 2012
City of Elk River, Minnesota
Project # PR-48
Project Name Orono Park
Type Improvement Priority 3Important
Useful Life Unassigned Contact Park & Rec. Director
Category Park Improvements Department Park Development & Improve
Description
?012 -Various improvements such as Splashpad, Parking, Bathroom
~-
Justification
,;Orono Park is aging and needs an upgrade. The YMCA project will bring many people to this area and the park is
Tacking in amenities. Parking lot and roads have all reached the end of their economic life.
Expenditures 2008 2009 2010 2011 2012 Total
Construction/Maintenance 295,000 295,000
Total
Funding Sources 2008 2009 2010 2011 295,000
2012 295,000
Total
Park Dedication 295,000 295,000
Total 295,000 295,000
Page 7
Capital Improvement Plan
City of Elk River, Minnesota
Project # pR-66
Project Name woodland Trails Park
Type Improvement
Useful Life Unassigned
Category Park Improvements
2008 thru 2012
___
Priority 3Important
Contact Park & Rec. Director
Department Park Development & Improve
Description ~i
?012 -Interpretive Center, Playground, Sand based pool + bathhouse, Trails, Sign, Interpretive Package
Justification
Zegional type park has few amenities. Central location makes it ideal for a multifaceted community park. No viable
outdoor swimming options in Elk River
Expenditures 2008 2009 2010 2011 2012 Total
Construction/Maintenance 471,250 471,250
Tpt~ 471,250 471,250
Funding Sources 2008 2009 2010 2011 2012 Total
Park Dedication 471,250 471,250
Total 471,250 471,250
Page 8
Capital Improvement Plan 2008 rhru 2012
City of Elk River, Minnesota
Project # pR-68
Project Name youth Athletic Complex
Type Improvement Priority 3Important
Useful Life Unassigned Contact Park & Rec. Director
Category Park Improvements Department Park Development & Improve
Description
?007 -Site Improvements ($SOK)
?009 -Site Improvements ($SOK)
Justification
Lack of shade, erosion is damaging existing structures, very stark area for spectators, construction never completed.
Expenditures 2008 2009 2010 2011 2012 Total
Construction/Maintenance 50,000 50,000
Total
Funding Sources 2008 50,000
2009 2010 2011 50,000
2012 Total
Park Dedication 50,000 50,000
Total 50,000 50,000
Page 9