5.4. SR 10-11-2010 - Laserfiche WebLink

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been necessary. The park discussion will encompass several funds, Park Dedication, Park Improvement and RDF reserve funds. Further, in July 2010 the City received its first payment from Great River Energy (GRE) as required by the Peaking Plant Agreement. The Agreement calls for payments of $375,000 for 2010 - 2014. These funds are available for use as the Council desires. Options include, to name a few, funding unexpected opportunities and matching grant requirements, writing down the YMCA tax levy, funding the public works building, or keeping the funds in reserve until the Council determines a need. There is no requirement for the Council to identify a use for the funds now. The funds will remain available in a reserve fund until such time as the Council has identified a use for the funds. Additionally, the public works master planning efforts are underway to better define the space needs of the public works and parks departments and to estimate the project cost. This project is programmed in the CIP in 2012 with phase one, the fuel island, beginning in 2011. Depending upon the possible phasing of the project and the cost, the timing could change. For instance, the $2.5 million of funding from the Liquor fund is available anytime. If the project can be phased to match that funding, construction could begin earlier. Finally, staff looks forward to discussing the CIP with the Council and getting your input on project priorities, timing, and funding. As I stated earlier, your input will be included in the final CIP that will be presented to the Council for adoption in December.